Question

In: Operations Management

Should an MNC operate with the same wages and working conditions as those in the MNCs...

Should an MNC operate with the same wages and working conditions as those in the MNCs home country? Relate the answer with the concept of Ethical relativism and Ethical Imperialism (200 words)

Solutions

Expert Solution

Should an MNC operate with the same wages and working conditions as those in the MNCs home country? Relate the answer with the concept of Ethical relativism and Ethical Imperialism

Answer:

Answer to this question can not provided keeping all the MNC’s in a same scope. However, we we talk about the MNC which are home originated can certainly be considered for the operate with the same wages and working conditions as those in the MNCs home country. However, the foreign originated MNC should be allowed to operate in line with their ethical & organization conduct & should not be forced upon them. Talking about the concept of relativist ethical framework, both home and host MNC’s expect to cater to the universal approach with respect to wages and working culture in a quite overwhelming manner. In the today’s global market place there have been several ethical dilemma have been witnessed towards these multinational corporations. Hence the final decision which has to be made, becomes very much challenging considering the ethical challenges in the home country are mostly on quite higher side as compared to the foreign originated Multinational Corporations.

keosha answered 7 months ago
Next > < Previous

Related Solutions

POINT/COUNTER-POINT: Should MNCs Avoid DFI in Countries without Child Labor Laws? POINT: Yes. An MNC should...
POINT/COUNTER-POINT: Should MNCs Avoid DFI in Countries without Child Labor Laws? POINT: Yes. An MNC should maintain its hiring standards, regardless of what country it is in. Even if a foreign country allows children to work, an MNC should not lower its standards. Although the MNC forgoes the use of low-cost labor, it maintains its global credibility. COUNTER-POINT: No. An MNC will not only benefit its shareholders, but will create employment for some children who need support. The MNC can...
Should an MNC Risk Overhedging? POINT: Yes. MNCs have some “unanticipated” transactions that occur without any...
Should an MNC Risk Overhedging? POINT: Yes. MNCs have some “unanticipated” transactions that occur without any advance notice. They should attempt to forecast the net cash flows in each currency due to unanticipated transactions based on the previous net cash flows for that currency in a previous period. Even though it would be impossible to forecast the volume of these unanticipated transactions per day, it may be possible to forecast the volume on a monthly basis. For example, if an...
Economists would argue that all per-hour wages could be the same for everyone if four conditions...
Economists would argue that all per-hour wages could be the same for everyone if four conditions (or compensating differentials) are met. Unfortunately none of those conditions are met in reality. Let's assume you are a policy maker that cares that everyone has equal access to wages. Specifically answer this prompt: Pick one of the four main conditions and craft a policy that may help to make the condition apply to reality. The four conditions: The demand for every type of...
Economists would argue that all per-hour wages could be the same for everyone if four conditions...
Economists would argue that all per-hour wages could be the same for everyone if four conditions are met. Unfortunately none of those conditions are met in reality. Let's assume you are a policy maker that cares that everyone has equal access to wages. Specifically answer this prompt: Pick one of the four main conditions and craft a policy that may help to make the condition apply to reality. The four conditions: The demand for every type of labor is the...
The theory of Foreign Direct Investment (FDI) through Multinational Corporations (MNCs) indicates that FDI/MNC has significant...
The theory of Foreign Direct Investment (FDI) through Multinational Corporations (MNCs) indicates that FDI/MNC has significant impacts on a host country through three major channels. List and explain each of these three channels.
Low Wages, High Wages, and Taxes. There are two categories of people: those that receive high...
Low Wages, High Wages, and Taxes. There are two categories of people: those that receive high nominal wages and those that receive low nominal wages. Denote these two nominal wages as WH (high wages) and WL (low wages), respectively, and WH > WL . The utility function for each person, regardless of the nominal wage he/she receives, is identical: u (c,l) =lnc +lnl , in which, exactly as in Chapter 2, c stands for consumption and l stands for leisure....
Low Wages, High Wages, and Taxes. There are two categories of people: those that receive high...
Low Wages, High Wages, and Taxes. There are two categories of people: those that receive high nominal wages and those that receive low nominal wages. Denote these two nominal wages as WH (high wages) and WL (low wages), respectively, and WH > WL . The utility function for each person, regardless of the nominal wage he/she receives, is identical: u (c,l) =lnc +lnl , in which, exactly as in Chapter 2, c stands for consumption and l stands for leisure....
Low Wages, High Wages, and Taxes. There are two categories of people: those that receive high...
Low Wages, High Wages, and Taxes. There are two categories of people: those that receive high nominal wages and those that receive low nominal wages. Denote these two nominal wages as WH (high wages) and WL (low wages), respectively, and WH > WL . The utility function for each person, regardless of the nominal wage he/she receives, is identical: u (c,l) =lnc +lnl , in which, exactly as in Chapter 2, c stands for consumption and l stands for leisure....
It is very easy to fault MNCs with exploitative labor conditions in Free Trade Zones throughout...
It is very easy to fault MNCs with exploitative labor conditions in Free Trade Zones throughout the developing world. However, some critical theorists put the blame with those who blindly buy their products. Which position do you think is more accurate and why? Support your position with evidence
Two firms have the same technology and pay the same wages for labor. They have identical...
Two firms have the same technology and pay the same wages for labor. They have identical factories, but firm 1 paid a higher price for its factory than firm 2 did. They both maximize their profits and have upward-sloping marginal cost curves. Explain whether our theory would predict firm 1 to have a higher output than firm 2.
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT