International Trading can bring a range of ethical problems, the main four that I'll be discussing in this blog are Child Labour, Pollution, Exploitation of third world economies and labour force and politics and business.
Child labour
Companies exploit the economic power of poorer countries by taking children out of education and making them work. They can get away with this because there is less protection for workers and they can pay less for the same or more work being done.
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| http://katieprocess.blogspot.com/2011/12/no-more-children-on-street-in-equal.html |
When human activity or natural disasters cause the environment to become contaminated or dirty. There are different kinds of pollution, including air pollution, water pollution and radioactive pollution.
Exploitation of Third world economies and Labour force
This is generally where MEDC's use LEDC's to produce products, they do this for one reason, this is because it is generally cheaper to produce things and with less production and trading rules they can exploit their resources and labour force for a larger self gain.
Politics and Business
Politics can have a big affect on how international business takes place, sanctions are often put into place to limit which countries trade with who. Sanctions are overseen by the UN or EU and aim to maintain international peace and security.
This is generally where MEDC's use LEDC's to produce products, they do this for one reason, this is because it is generally cheaper to produce things and with less production and trading rules they can exploit their resources and labour force for a larger self gain.
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Politics can have a big affect on how international business takes place, sanctions are often put into place to limit which countries trade with who. Sanctions are overseen by the UN or EU and aim to maintain international peace and security.
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