Question

In: Economics

With more than 200 countries in the world, is it realistic to expect ethical guidelines to...

With more than 200 countries in the world, is it realistic to expect ethical guidelines to be established across all countries or even within industries across countries? Is one person's or one company's ethics likely to be similar to other people's or companies' ethics?

Solutions

Expert Solution

The idea of ethical dilemmas come to mind as countries differ, their ethical guidelines and expectations differ. For example, as spotted in Hill, the deathpenalty for some western countries is outlawed, yet in other countries it is the norm.Therefore, persons argue that business ethics depends on culture; and that is true, ethical laws vary from country to country. What is guarded as ethical in a country may not be so in another country.

Consequently, it highly unrealistic to expect ethical guidelines to be established across all countries or even within industries across countries. Having said this, it is also wise to notenote companies and people endorse different frameworks of ethical thought and behaviors.

Thus persons and companies are not obliged to share the same ethics. While it is likely that persons or individuals may share same similar ethics it is also likely that there will be variations.


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