Unit 11 Flashcards
Guidelines for Multinationals operating in the Third World.
Do no intentional direct harm.
Produce more good than bad for the host country (utilitarian principle).
Contribute to the host country’s development.
Respect employee human rights (minimum standards for pay, health, safety).
Pay their fair share of taxes.
Respect and work with local culture to the extent it doesn’t violate moral norms.
Cooperate with local government in the development of just background institutions (labour unions, taxes, regulations, redistribution of wealth).
Richard De George
Seven Guidelines for Multinationals operating in the Third World
Anthropocentrism
traditional moral view, upheld by Baxter, in which animals and nature only have value in reference to people.
Animal Rights
gives weight to interests of other species, especially those that are sentient and can experience pleasure or pain
Deep Ecology
gives weight to the interests not only of animals but of natural ecosystems.
Tragedy of the Commons
takes its name from the common lands that formerly everyone could graze their sheep on, which tragically tended to be over-grazed. What nobody owns, and everyone can use, inevitably tends to be abused.
Cost benefit analysis
It is based on the premis that everything of value can be quantified in terms of market value or willingness to pay.