Business Ethics
Ethics Question: Some argue that aggressively investing in emerging economies is not only economically beneficial, but also highly ethical because it may potentially lift many people out of poverty. However, others caution that in the absence of reasonable hopes of decent profits, rushing to emerging economies is reckless. How would you participate in this debate?
As a free-market economic skeptic, prior to my readings, I felt that investing in emerging markets is more self serving and exploitative than helping people out of poverty. There is a lot of potential for abuse (of locals) as well as political risks (jingoism and xenophobia) and financial risks they face. Uncertainty of ROI is a challenge.
However, as I go through the course, I now have a change of perspective. Emerging markets are characterized by diversity, volatility and rapid economic growth. With untapped natural and human resources, and demand for consumer goods they create a win-win opportunity: foreign......
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