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Law vs.- Ethics International Business Strategy 5136 Ram Mudambi ISEA, Bocconi University
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© Ram Mudambi, Temple University, 20062 Law and ethics Legal dictates can –‘What can be done’ Ethical dictates should –‘What should be done’
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© Ram Mudambi, Temple University, 20063 Law vs. ethics ETHICAL YESNO LEGAL YES NO Humanitarian aid in a civil war Cooperating with a government’s policies that we view as unethical No problem
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© Ram Mudambi, Temple University, 20064 Digging deeper - legality HOMELAWS YESNO HOST YES LAWS NO No problem
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© Ram Mudambi, Temple University, 20065 Digging deeper - ethicality HOMECOUNTRY YESNO HOST YES COUNTRY NO No problem E.g., The US, Italy E.g., Vietnam, Pakistan Nike’s problem: child labor, minimum wages
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© Ram Mudambi, Temple University, 20066 Nike’s problem – Real or PR? The legal issues: Firms using child labor were not contracted by Nike – they were sub-contractors The PR issue –The ethics of child labor
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© Ram Mudambi, Temple University, 20067 The PR issue – the ethics of child labor Development chronology –Currently advanced countries used child labor at lower levels of income Coal mines in Wales, West Virginia The counter-factual –What is the alternative to labor in a factory? Is it worse?
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© Ram Mudambi, Temple University, 20068 The bottom line Legal contradictions can be resolved through international treaties Ethical issues emerge from –Differing levels of development –Cultural differences Neither a purely global (home-based) nor a purely local (host-based) approach is likely to be ideal The need for managerial judgment
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