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Global Business and Ethics

Global Business and Ethics
The phenomenon that is globalization has assisted in the elimination of a myriad of business related ethical issues—well maybe not. Globalization has managed to bring to the forefront a number of ethical issues corporations and individuals are confronted with on a regular basis. Globalization. Two such ethical business issues that have highlighted surround the act of bribing officials and the act of employing children, on a full-time basis, to work in factories or on agricultural fields. Bribes in the Global Marketplace “You must pay if you want to play”—is a phrase that has been, unfortunately, too often uttered by many a government official to foreign as well local businesspeople. The phrase, while simplistic, is meant to inform those businesspeople that in order to get their assistance, or in the worst case scenario, to have the right permits issued so they can enter the country’s marketplace—an extra fee will have to be paid (Trevino, Nelson, & Wiley, 2007 ). It must be understood that these extra fees (which are bribes) are usually against the law in the official’s country, but nevertheless, they are “an accepted part of commercial transactions in many Asian, African, Latin American, and Middle Eastern cultures” (Trevino, Nelson, & Wiley, 2007, p.365).
Cultural Perceptions
The American perception. In the United States, the bribing of local or foreign officials is perceived as act that is unseemly and, definitely, unethical. These feelings are deeply grounded in the American notion of what constitutes fair pay. In other words, Americans, for the most part, want the person or corporation that has the best product or idea to prevail; not just the one that has the most money to throw at government officials. Hence, in 1977 the U. S. Congress passed the Foreign Corruption Practices Act...

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