Ethics & International Affairs Volume 3 (1989): Articles: Moral Minimums for Multinationals [Abstract]

Dec 2, 1989

Adam's Smith's invisible hand guiding market mechanisms toward moral conduct seems recklessly idealistic today, in light of forces that have dramatically skewed international free-market operations. Donaldson argues that major changes are necessary in the decision-making process as well as in the conduct of multinational corporations in order to exercise moral obligations and meet culture-specific needs of host countries. Donaldson proposes standards for international institutions by which to protect fairness and freedom, ownership of property, free speech, and minimum education and subsistence levels. "Are such changes in the decision-making process of multinational corporations likely or even possible?" he asks. With some reservations, the author is optimistic that a more ethical approach to market issues is workable.

To read or purchase the full text of this article, click here.

You may also like

JAN 7, 2021 Journal

Ethics & International Affairs Volume 34.4 (Winter 2020)

The highlight of this issue is a roundtable organized by Kai He, T. V. PaulĀ and Anders Wivel on international institutions and peaceful change. The ...

CREDIT: <a href="https://pxhere.com/en/photo/1389061">pxhere/Public Domain</a>

NOV 13, 2019 Podcast

AI in the Arctic: Future Opportunities & Ethical Concerns, with Fritz Allhoff

How can artificial intelligence improve food security, medicine, and infrastructure in Arctic communities? What are some logistical, ethical, and governance challenges? Western Michigan's Professor Fritz ...

Image via <a href="https://www.vpnsrus.com">www.vpnsrus.com</a>

OCT 7, 2019 Podcast

Making AI Work, Ethically & Responsibly, with Heather M. Roff

Heather M. Roff, senior research analyst at the Johns Hopkins Applied Physics Lab, thinks some researchers are having the wrong conversations about AI. Instead of ...