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International Business

If you are hoping to transact international business, it is vital that you have a complete understanding of the relative cultural etiquette and business ethics. International business ethics is a relatively new concept and one that arose from the pursuit of a linear international business practice.

One particular part of international business ethics that has received much attention is the use of child labor. This applies in particular to the textile, clothing and footwear (TCF) sectors.

Many active organizations have been set up to tackle and overcome the problem of child labor and sweatshops: Unicef, Global March and New Community Project to name a few. Unicef estimates that 158 million children between the ages of 5-14 are being used for child labor. That equates for one in every six children. It is also estimated that 44 million children are being used for child labor in South Asia. When you view these estimations, it is easy to see why this is such an important issue with regard to international business ethics.

International business can and should be a positive process that improves the quality of life on this planet. It should be. But greed and lack of foresight unevenly distribute wealth and opportunity. Increasingly, multinational companies are taking advantage of international differences to outsource services and production to low-wage countries. This uneven distribution of economic growth is rapidly leading to domestic and foreign complications that will soon be irreparable.