This paper approves that globalisation is now an euphoria around the world. People and nations are trading on the international front and since it has become so common and popular, most organisations cannot control, supervise and ensure ethical consistency in faraway branches and units. There are several detailed issues and factors that cause this phenomenon to flourish around the world. The government of Western nations are currently at home with the belief that their businesses can kowtow to very low ethical standards overseas like bribe giving and still not be tasked under their home country laws.
this report makes a conclusion that ethics are borne from the natural rights of people and organisations are required to honour them. These are done in three ways: stakeholder issues, corporate social responsibilities and corporate governance. On the international front though, differences in accountability between richer nations and poorer nations has caused a lot of multinational businesses to maintain high ethical standards in the West and ignore their ethical requirements in developing nations. This is born out of several conditions like massive globalisation, bribery of governments in richer nations, failure of locals to hold multinationals accountable and the acceptance of these practises in home nations of these multinationals. However, a practice of empowering the poor in developing countries and promoting equality and democracy can stabilise ethics around the globe in the near future. ...Show more