Question

In: Economics

Are US ethical standards applicable worldwide? Explain your answer and provide examples. What are the consequences...

Are US ethical standards applicable worldwide? Explain your answer and provide examples. What are the consequences of failure to incorporate ethical considerations into global planning?

100-150 words

Solutions

Expert Solution

ANSWER:

US ethical standards can never be applicable worldwide because they are acknowledge globally and not only the US , but different cultures have different ethical standards and its better to find a common ground , rather then imposing one's beliefs onto others.

Lets take an example of cleaning toxic wastes and the US company priced at doing the job at $100 million while a certain company in eastern european country quoted $2 million and the job wa transfered to the european company and so different countries have different standards of doing things and no that either of them are wrong , it is perception that defines our attitude towards it.

If we fail to incorporate ethical considerations then the whole process of dealing with the countries and getting the job done will get jeopardised and the company or the country can't direct its planning globally and that would result in a lot of confusion , loss of money and time and therefore the companies must find a middle path when they are dealing with people from different countries.


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