Applied Ethics and Sustainability Assignment
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Added on 2021-05-31
Applied Ethics and Sustainability Assignment
Added on 2021-05-31
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Running head: APPLIED ETHICSAPPLIED ETHICSName of student:Name of university:Author note:
1APPLIED ETHICSa)The three identified virtues that are pertinent to my research question about whethermultinational corporations should keep on operating in the developing countries areservice, progress and responsibility. The term service refers to the act of helping othersfor the purpose of the welfare of the group, organization, nation or the individual. Thesecond virtue is progress that connotes to a developmental activity in refer to thecommercial opportunities that are created for the promotion of the material well-beingwith commodities or technology. The third virtue responsibility connote to the state ofbeing aware about one’s duty, having power over it and the accountability that isconcomitant with the performance of the duty.b)The key feature of the liberal society is that it is founded upon the principle of personalfreedom and it is in stark juxtaposition with the totalitarian or the conservative state. In aliberal state personal happiness of the individuals, progress and growth, recognition of theinequality in the society and seeking solutions to alleviate the state of penury andprevalence of different opinions and ideologies (Mataloni and Yorgason 2006). In respectto the question of whether multinational companies be allowed to operate in thedeveloping countries there emerges certain key virtues that further complicate theunderstanding. Multinational companies have contributed to the economic growth of acountry and therefore have ushered in progress. This can be manifested in the feature ofthe transfer of skills in the form knowledge and experience that is brought in and collatedfrom different parts of the world by the multinational company. Secondly, themultinational companies operates in those developing countries where growth is urgentlyrequire. Therefore, multinational companies like McDonalds, Coca-Cola and Pizza Hut
2APPLIED ETHICSamongst other provide service to the developing nations by creating employmentopportunities. Multinational companies show the responsibility of not establishing theirindustries that is close proximity to the human residence and can infiltrate theatmosphere. Therefore, it is set up in locations that would not create an detrimental effecton the environment.c)i. The emergence of the multinational corporations can be attributed to globalizationthrough the provision of the incentive of the free trade zone that exemplifiedmanufacturing of commodities, handling of the products or exporting the productswithout any intervention and imposition of the local custom authorities.ii. The general rule that authorizes the act to the central ethical question is theliberalization and globalization of the economy (Kant 2017). Liberalization led to theelimination of the barriers and trade tariffs that were earlier imposed on the foreigncorporate ventures have now been removed and facilitated the entry and proliferation offoreign economies (MNCs) in India.iii. The general rule is self-contradictory in this regard, as MNCs have both advantagesand disadvantages. The advantages of multinational companies are that it brings with itthe trickling effect, transfer of skills and high-quality products at affordable price (Ion2015). On the other hand, multi-national companies poses threat to the growth of localeconomies as they would not be in a position to compete with the price and positioningpolicy of the MNCs.iv. According to Immanuel Kant, categorical imperative refers to the supreme, thesuperlative that is widely understood as the morality and the standard of rationality(Dierksmeier 2013). In Kant’s perspective, categorical imperative is objective and
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