Professional Documents
Culture Documents
GLOBAL ECONOMY
Ramsha khan
CULTURE
10-3
Relativism :the belief that different things are true, right, etc.,
for different people or at different times.
MULTINATIONAL CORPORATIONS
10-5
10-6
racial discrimination
Human rights
Price discrimination
Bribery
Harmful products
Pollution
Telecommunications issues
Intellectual property protection
The World Trade Organization (WTO)
RACIAL DISCRIMINATION
HUMAN RIGHTS
PRICE DISCRIMINATION
Dumping involves charging high prices for a product at home and low prices in
foreign markets.
The practice of charging high prices for products sold in domestic markets while
selling the same products in foreign markets at low prices, often below the costs of
exporting them
10-9
BRIBES
Definitions
Example
HARMFUL PRODUCTS
Pesticides
Tobacco products
10-11
TELECOMMUNICATIONS
ISSUES
Day trading
Money laundering
10-12
INTELLECTUAL PROPERTY
PROTECTION
Napster
IMPROVING GLOBAL
BUSINESS ETHICS
Inflict no intentional
or direct harm
Contribute to host
countrys
development