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.
