Business Freedom
Course: Moral Issues in Business Date: October 19, 2010
Export Capital for Production Abroad
The export of goods and services is a common business which takes place all over the world, and at the same time it raises many ethical and moral issues. Exporting capital for production abroad raises many ethical issues and moral dilemma that would dictate whether limitations or constraints should be placed on this freedom business. In answering the question on should any constrains be placed on the freedom to export capital for production abroad, I personally will answer that there should not be. As an example I would take the case of an individual or corporation exporting capital for the purpose of increasing return on investment by seeking lower labor cost abroad or other beneficial skills. Based on utilitarian theory, there would be no ethical objection to capital export. Based on what we have studied on the book utilitarianism is the idea that the moral worth of an action is determined by the total outcome it produces in the society or in the business environment it is applied. It is also seen as a theory that produces the greatest overall utility for everyone that is directly or indirectly affected by the action. In the case of capital export for production abroad the greatest degree of happiness would be gained by a cheaper product, resulting in more sales and a more beneficial company as well as more jobs available for workers in the production country which would meet utilitarian criteria. But the other side of the coin of this discussion is that there would also be unhappiness for the people who lose their jobs in the home country. The capital export would develop new trading partners, and will increase a country’s standing in the world’s economy. And I can say that these two considerations are in the best interest of the receiving country, which would fall under egoism theory. As a conclusion I can say that the greater
Export Capital for Production Abroad
The export of goods and services is a common business which takes place all over the world, and at the same time it raises many ethical and moral issues. Exporting capital for production abroad raises many ethical issues and moral dilemma that would dictate whether limitations or constraints should be placed on this freedom business. In answering the question on should any constrains be placed on the freedom to export capital for production abroad, I personally will answer that there should not be. As an example I would take the case of an individual or corporation exporting capital for the purpose of increasing return on investment by seeking lower labor cost abroad or other beneficial skills. Based on utilitarian theory, there would be no ethical objection to capital export. Based on what we have studied on the book utilitarianism is the idea that the moral worth of an action is determined by the total outcome it produces in the society or in the business environment it is applied. It is also seen as a theory that produces the greatest overall utility for everyone that is directly or indirectly affected by the action. In the case of capital export for production abroad the greatest degree of happiness would be gained by a cheaper product, resulting in more sales and a more beneficial company as well as more jobs available for workers in the production country which would meet utilitarian criteria. But the other side of the coin of this discussion is that there would also be unhappiness for the people who lose their jobs in the home country. The capital export would develop new trading partners, and will increase a country’s standing in the world’s economy. And I can say that these two considerations are in the best interest of the receiving country, which would fall under egoism theory. As a conclusion I can say that the greater
Bibliography: Barry V. & Shaw W. (2004) Moral Issues in Business. (9th Edition). “The Ford Pinto Case Study” pg.84. Wadsworth: Holly J. Allen