Ethics In International Business

International business ethics is a particularly complex issue as ethical standards are different depending on where you are. Corporate governance, bribery, corruption, working conditions and targeted marketing are all issues that require organizations to establish an ethical standpoint from which they can work on. International Business ethics requires the business decisions that should not be made exclusively from the narrow, economical perspective, but also the global social and ecological concerns should be taken into account. It also means that the interests of all the relevant parties, or "stakeholders" should be acknowledged and weighed. Global business is a complex idea of intercultural human and economic relationships created by the

For, the adoption of the discrepancies and conformities of ethics in host markets is a considerable asset for an achieved and coherent business structure while running company operations on the international basis. Host county culture and moral values are fundamental factors in determining the ethical perceptions regarding the new market as to estimate the mindsets of the potential clients since every nation has its own ethical standards. The differences between western and eastern ethical practices are mainly on the focus. The western ethics mainly focuses on finding the truth of the problem and eastern focuses on protocol and respect to others. Next difference is western ethics is on the basis of rational thoughts whereas eastern ethics is on religious teachings. Western ethics emphasis on Logic, cause and effect whereas eastern ethics emphasize more on respect towards

 The American transnational corporations guided in international operations after a series of regulations, among which FCPA – Foreign Corrupt Practices Act, adopted in 1977 in the United States of America.

 FCPA is a document that underlines the practices permitted and, respectively, interdicted to the American economic agents on the foreign markets, from the perspective of their ethical character.

 On the other hand, FCPA specifies that lubrication bribe, used to encourage the public clerks of inferior level to develop a normal activity and not to disadvantage the business with relevance with the competitors, it is permitted.

• Employment Practices: If work conditions in host nation are clearly inferior to those in a multinational’s home nation, should companies apply: home country standards, host country rights or something in