Multi National corporations

Benefits to MNCs:

·       Inexpensive labour

·       Availability of natural resources

·       Favourable tax conditions

·       Fresh markets for products

Benefits to developing host countries:

  New jobs

 Greater pay and greater challenge  Transfer of advanced technology  Social benefits from sharing wealth

3. What are the three senses of relative values?

3.1. Ethical Relativism

• Actions are morally right in a particular society if they are approved by law, custom, or other conventions of the society.

3.2. Descriptive Relativism

•     Value beliefs and attitudes differ from culture to culture and this is a fact.

3.3. Moral Relationalism or Contextualism (Ethical pluralism)

• Moral judgements should be made in relation to factors that vary between issues. Hence it is not possible to formulate rules that are simple and applicably to all situations.