ABSTRACT
This chapter discusses the importance for multinational companies (MNCs) to implement and enforce ethics programs and also discusses many of the core ethical issues facing any corporation involved in trade across borders. The readers will also learn about some of the tools and techniques available to multinationals to enable them to become more ethical citizens. The chapter contains four major sections all emphasizing emerging markets. In the first section, the readers will read about the basic definitions of international ethics and social responsibility. Readers will also learn about why multinationals are being criticized in the context of globalization. In the second section, the readers will learn about some of the key global ethics issues. This section of the chapter discusses three main issues, namely labor rights and issues, environmental issues, and corruption and bribery. In the third section, the readers will read about some of the approaches being used to build the global ethical corporation. Finally, in the fourth section, the readers will learn about many steps and activities in building an ethical and socially responsible multinational. The readers will learn about real world cases dealing with various ethical and social responsibility issues in an MNC.
