Does Ethics Pay? By Lynn Sharp Paine: An Analysis

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A company that controls productions and services outside their home country can be identified as a multinational corporation, worldwide enterprise, International Corporation, or a stateless corporation. The actions of MNCs in developing and emerging countries can be considered unethical for many different occasions, many companies are very unethical about how they treat their workers very poorly, and they take advantage of them due to have these worker as cheat labor such as having workers work in an unhealthy environment, paying them with low wages and having the workers work overtime. Also in the world we run into another issue that arises from Multinational Corporations is that many companies use children to work for them, which is classified …show more content…

In Ethics and Capitalism: a Guide to the Issues John Douglas Bishop neatly summarizes the term Ethics as “the passing of value judgements on human actions, policies or social structures” (Bishop, 2000:7). The online dictionary aptly named dictionary.com defines morality as “conformity to the rules of right conduct; moral or virtuous conduct” and morals as “concerned with the principles or rules of right conduct or the distinction between right and wrong; ethical.” In Does Ethics Pay? by Lynn Sharp Paine (2000), the author makes the claim that ethics is important to maintain reputation, and that society needs to overcome the idea that there is a difference between what is good and what is profitable. A balance must be struck between the two to ensure that workers are treated well, natural resources are protected and consumers are not being cheated in any way. There is hope however, as is evidenced by more and more companies choosing to “go green”, use fair-trade products, or only produce ethical goods, yet there is still much to be done.(bishop) As future citizens of the world, it is our collective duty and responsibility to look out and care for our fellow labourers. We must look past shallow geographic differences and realize that everyone is entitled to safe working conditions, and that multinational corporations must be held accountable for their

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