1.4 Discuss Major Contemporary Ethical Issues In The Field Of International Management And Employment.

1.4 Discuss Major Contemporary Ethical Issues In The Field Of International Management And Employment.

1.4 Discuss Major Contemporary Ethical Issues In The Field Of International Management And Employment.

The major contemporary ethical issues in international management and employment include:

 The exploitation of workers in developing countries by multinational corporations.

 The use of child labor by multinational corporations.

 The environmental impact caused by multinational corporations.

 The role of multinational corporations in driving globalization.

 The impact of technology on employment.

 The effects of globalization on employment.

These are just a few of the ethical concerns relevant to international management and employment. Other issues include the impact of corruption on business and the role of multinational corporations in promoting economic inequality. Being aware of these issues is crucial for making informed decisions in managing your business responsibly.

2.1 Compare The Established Political And Legal Systems In Major Global Economies.

Political and legal systems vary widely across the globe, each with its own distinct set of rules and regulations. In some regions, these systems may share similarities, while in others, they can differ significantly. It is crucial for managers to understand the intricacies of each system to effectively manage people within their specific contexts.

Here are some examples from major global economies:

 United States of America: The U.S. operates under a federal system, where power is divided between the federal government and individual states. The legal system is based on common law, with a strong emphasis on individual rights.

 China: China has a singleparty communist government, with power concentrated in the ruling party. The legal system is based on civil law, with a strong focus on social stability and order.

 Japan: Japan functions as a parliamentary democracy, with power shared between the executive branch, led by the Prime Minister, and the legislative branch, known as the Diet. The legal system is also based on civil law, with a strong emphasis on individual rights.

 Germany: Germany follows a federal system, where power is divided between the federal government and individual states. The legal system is rooted in civil law, emphasizing individual rights.

Each of these political and legal systems has its own strengths and weaknesses. Managers need to be aware of these differences to operate effectively within these diverse environments.