Multinational Corporations - 1110 Words

Ethical Dilemmas for Multinational Enterprise: A Philosophical Overview Part One: Review Question #1 Multinational Corporations have always been and are currently now under harsh criticism. They are mainly condemned for exploiting resources and workers of third world countries, taking jobs away from the US industry, and destroying local cultures. Although there are negatives of multinational corporations, there are also positives. Business done overseas provides jobs for the people of the host country, improving the standard of living, and transfers technology. Richard T. De George explains moral standards, in five basic theses, that multinational corporations must adhere to in order to maintain corporate ethics. De George†¦show more content†¦I partially agree with this thesis. Just because MNCs are capable of changing a country, they have no obligation to do so. It is not their moral responsibility to do so either. Although they should support just background institutions, they do not have to. De George s fifth and final thesis explains that responsibility is li nked to ownership. Whatever portion one owns of the MNC one must take that amount of accountability. This means that what host countries cannot expect is that they can demand control without accepting correlative responsibility, (DeGeorge, p. 266). I agree with this thesis. Whoever is in charge of something must become aware that it is them who must take the liability. Part Two: Review Question #2 Today, American MNCs operating overseas face many moral dilemmas. I feel the most important dilemma regards not only the exploitation of resources and employees, but how the MNC affects the host economy. MNCs affect their employees welfare directly, but also affect the host country s citizens indirectly. By providing jobs the spending capital within the host economy increases, and creates a better standard of living. Personally, I believe that MNCs operating in Third World countries do more good than harm. I agree with Ian Maitland, author of In Defense of International Sweatshops. Maitland s article examinesShow MoreRelatedMultinational Corporations : Is There A Difference?1442 Words   |  6 PagesMultinational Corporations – Is there a Difference? â€Å"Researchers and theorists suggest that the skills and techniques of a MNC are very different than those of an organization without a global presence.† In any organization, management skills and techniques are increasingly gaining importance. Further, organizational structure facilitates leadership’s ability to adapt in an ever-changing environment, specifically, an environment in which global relations continue to be developed and emphasizedRead MoreMultinational Corporations11610 Words   |  47 PagesoverConclusionbibliography | | Introduction A  multinational corporation  (MNC) or  multinational enterprise  (MNE) is a  corporation  that is registered in more than one country or that has operations in more than one country. It is a large corporation which both produces and sells goods or services in various countries.  It can also be referred to as an  international corporation. They play an important role in  globalization. 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