Dealing with foreign bribery

/in /by
  • Which of the following do you feel is the best approach when dealing with foreign bribery? Why?
    • Ethical Relativism: There are no universal or international rights and wrongs; it all depends on a particular culture’s values and beliefs.
    • Ethical Absolutism: You follow your own cultural values no matter where you are.
    • Ethical Universalism: There are fundamental principles of right and wrong that transcend cultural boundaries, and MNEs must adhere to these values.
  • Which of these ethical viewpoints might advocate criminalizing foreign bribery? Do you think that foreign bribery should be criminalized? Justify your response.