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International Business, Morality, and the Common Good

Author

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  • Velasquez, Manuel

Abstract

The author sets out a realist defense of the claim that in the absence of an international enforcement agency, multinational corporations operating in a competitive international environment cannot be said to have a moral obligation to contribute to the international common good, provided that interactions are nonrepetitive and provided effective signals of agent reliability are not possible. Examples of international common goods that meet these conditions are support of the global ozone layer and avoidance of the global greenhouse effect. Pointing out that the conclusion that multinationals have no moral obligations in these areas is deplorable, the author urges the establishment of an international enforcement agency.

Suggested Citation

  • Velasquez, Manuel, 1992. "International Business, Morality, and the Common Good," Business Ethics Quarterly, Cambridge University Press, vol. 2(1), pages 27-40, January.
    • Handle: RePEc:cup:buetqu:v:2:y:1992:i:01:p:27-40_00
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    Cited by:

    1. Abdul Karim Aldohni, 2018. "Is Ethical Finance the Answer to the Ills of the UK Financial Market? A Post-Crisis Analysis," Journal of Business Ethics, Springer, vol. 151(1), pages 265-278, August.
    2. Stefan Gröschl & Patricia Gabaldon, 2018. "Business Schools and the Development of Responsible Leaders: A Proposition of Edgar Morin’s Transdisciplinarity," Journal of Business Ethics, Springer, vol. 153(1), pages 185-195, November.
    3. Vincent Lefebvre & Miruna Radu Lefebvre, 2012. "Integrating Corporate Social Responsibility at the Start-up Level: Constraint or Catalyst for Opportunity Identification?," Post-Print hal-00836856, HAL.
    4. Thomas G. Pittz & Susan D. Steiner & Julia R. Pennington, 2020. "An Ethical Marketing Approach to Wicked Problems: Macromarketing for the Common Good," Journal of Business Ethics, Springer, vol. 164(2), pages 301-310, June.
    5. Patricia Gabaldon & Stefan Gröschl, 2015. "A Few Good Companies: Rethinking Firms’ Responsibilities Toward Common Pool Resources," Journal of Business Ethics, Springer, vol. 132(3), pages 579-588, December.
    6. Marc Le Menestrel, 2001. "Economic rationality and ethical behavior," Economics Working Papers 584, Department of Economics and Business, Universitat Pompeu Fabra.
    7. Mullineux, Andy, 2014. "Banking for the public good," International Review of Financial Analysis, Elsevier, vol. 36(C), pages 87-94.
    8. Martin Schlag & Domènec Melé, 2020. "Building Institutions for the Common Good. The Practice and Purpose of Business in an Inclusive Economy," Humanistic Management Journal, Springer, vol. 5(1), pages 1-6, July.
    9. Marc Le Menestrel & Sybille van den Hove & Henri Claude de Bettignies, 2001. "Processes and consequences in business ethical dilemmas: The oil industry and climate changes," Economics Working Papers 591, Department of Economics and Business, Universitat Pompeu Fabra.

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