Ethics goes a long way in building trust in an international
business system. As information spreads faster along quickening fiber optic
cables the world will continue to integrate in terms of interrelated laws, regulations,
cultures, and business standards. Having an international standard of ethics is
important in ensuring that companies are encouraging better business environment.
When companies move
into international locations they will need to understand and respect the
cultures of those nations. There is a difference between respecting local
culture and becoming involved in unethical practices. When few options are left,
organizations can seek to remove themselves from such countries. Each company will decide what they stand for.
Today’s world needs a new way of looking at business and how
that business interacts with other countries. Developing strong international
ethical systems means that both companies and countries come to an
understanding of what a “good international citizen” is. Below you will find 8
ethical standards (Be George, 1997):
1.
Do
not intentional direct harm.
2.
Produce
more good than harm for host countries.
3.
Contribute
to the host countries development.
4.
Respect
human rights.
5.
Respect
local culture.
6.
Pay
a fair share of taxes.
7.
Cooperate
with local government when beneficial.
8.
Withdraw
from a country if it becomes impossible to act with integrity.
De George, R. (1997). Human rights and the multinational
enterprise. Dilemma, 6, 6–14.
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