The Social Ethics of Multinational Corporations

Download or read book The Social Ethics of Multinational Corporations written by John K. Yost and published by . This book was released on 1997 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: The globalization of business that has been bringing about worldwide economic integration provides a crucial step in the transition process from the 20th century to the new millenium. At the center of globalization, stand the multinational corporations. In corporations, the opportunity now exists to develop a new moral perspective and a new paradigm of global social development. A social ethics for multinational business has been developing for several decades, in part at least, because of an increasingly higherlevel of moral accountability. Multinational corporations have been following a new paradigm of global social development in sharp contrast with the traditional paradigm of maximizing the bottom line. The new paradigm of globalized business emphasizes an ethic of social responsibility and an ethical approach to the management of multinational corporations. [Author's abstract].