ABSTRACT
This chapter emphasizes some of the important ethical implications of international business dealings and explores how a multinational business confronts the issues of transnational ethics. It focuses on a few areas most related to doing business internationally: host–home country standards, bribery and corruption, and sustainability and environmental ethics. A review of the traditional schools of ethics provides a starting point for the U. S. businessperson's approach to ethical decision-making, and will enable the businessperson to better apply moral reasoning to ethical problems in the international setting. The ethical schools to be reviewed include utilitarianism, rights and duties, virtue, and ethics of care. The chapter presents the trend in developing harmonized or international standards relating to goods, services, and employment. Some of the important international standards that have been developed are by the: International Labor Organization, International Organization for Standardization, and the European Union with its CE Mark and Ecolabel.
