DANIEL YERGIN

JOSEPH STANISLAW

Globalization
- the increasing integration of nations through trade, investments, transfer of technology, and exchange of ideas and culture.

Trade
Investment

Capital

Also includes:
Technology
Skills and culture Ideas News Information Entertainment People

MULTINATIONAL CORPORATIONS

BENEFITS OF MULTINATIONAL CORPORATIONS

TO THE HOME COUNTRY TO THE HOST COUNTRY

Inexpensive labor Availability of natural

New jobs Jobs with higher pay and

resources Favorable tax arrangements Fresh markets for products

greater challenge Transfer of advanced technology Social benefits

TECHNOLOGY TRANSFER AND APPROPRIATE TECHNOLOGY

TECHNOLOGY TRANSFER APPROPRIATE TECHNOLOGY

- the process of moving technology to a novel setting and implementing it there

- refers to identification, transfer, and implementation of the most suitable technology for a new set of conditions

INTERMEDIATE TECHNOLOGY
- technology lying between the most advanced forms available in industrialized countries and comparatively primitive forms in lessdeveloped countries TECHNOLOGY TRANSFER AND APPROPRIATE TECHNOLOGY

 Intermediate technologies are preferable because the most advanced technologies usually have harmful side effects.
Ernst Friedrich "Fritz" Schumacher

ETHICAL VIEWS
Ethical relativism - the view that actions are morally right within a particular society when (and only because) they are approved by law, custom or other conventions of that society. Ethical absolutism - moral principles have no justified exceptions and that what is morally true in one situation is true everywhere else

ETHICAL VIEWS
Ethical relationalism (contextualism)
- the view that moral judgments are and should be made in relation to factors that vary from situation to situation, usually making it impossible to formulate rules that are both simple and absolute (exceptionless)

Ethical pluralism - the view that there can be more than one justifiable moral
perspective

INTERNATIONAL RIGHTS
International rights
- most abstract human rights to liberty and fairness

Human rights
- a moral entitlement that places obligations on other people to treat one with dignity and respect

INTERNATIONAL RIGHTS
The right to freedom of physical movement 2. The right to ownership of property 3. The right to freedom from torture 4. The right to a fair trial 5. The right to nondiscriminatory treatment (freedom from discrimination on basis of such characteristics as race or gender) 6. The right to physical security 7. The right to freedom of speech and association 8. The right to minimal education 9. The right to political participation 10. The right to subsistence
1.

According to Richard T. De George, multinational corporations should respect the basic rights of people in the countries where they do business.