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Write 8 pages thesis on the topic private industry and its multinational corporation in the economic.
Write 8 pages thesis on the topic private industry and its multinational corporation in the economic. Technology is playing a big factor in the advances made by countries and corporation to achieve sustainable development and regulations enacted to protect the environment and the best interest of the citizens. The objective of the report is to analyze the statement “MNC social responsibility is as much an ethical issue as an economic one” by Stiglitz. The statement will be critically analyzed to describe various conflicting issues as well as offering different perspectives on the subject.
A corporation is legal entities run by the human being which develop a unique corporate culture which takes a position on how the company should approach matters such as corporate responsibility. It is difficult for a company to achieve its goals and benefit the surrounding community which provides the majority of the workers doing the work and generating income for their families while at the same time providing a valuable service for an enterprise. In the early 1980’s a tragic event caused by unethical behavior and a lack of corporate responsibility. In Bhopal, India a company knows as Union Carbide due to its negligence did not keep up with regulations and maintenance safety protocols which caused a gas leak which killed thousands of people and has victimized hundreds of thousands of India residents. The nation is India is still a developing nation and in such countries regulation is soft in many business aspects which provide opportunity for cost-conscious and profit-seeking organization to abide by a lower standard of business ethics to gain advantage by utilizing lower overall quality standards in every aspect of the organization in comparison with the protocols at corporate headquarter. For example, if the country environmental law does not protect its air against carbon monoxide pollution a company can act unethically and lower their standards to increase corporate profits. .
