Monitoring Buisness or Ethics

In recent years heated debates have arisen in lieu of business practices in foreign countries. Some argue that businesses are taking advantage of third world countries while corporations are contesting that they are helping developing countries by incorporating more jobs into those countries. The question that is derived from businesses that move into foreign countries it that of; whether or not there should be an organization or coalition of people that monitor a business’ ethical practices, should that be left to the business itself, or should that even be a concern of a business entity? The answer lies in a compromise of the two where ethical business standards are maintained while business profit potential will not be harmed significantly. Two opposite sides of the spectrum lie in Milton Friedman’s essay “The Social Responsibility of Business Is to Increase Its Profits” and the guidelines for the Worker Rights Consortiums’ model code of conduct. The medium can be found in Philip H. Knight’s statement regarding the University of Oregon and his support for the Fair Labor Association, “Nike did not invent the global economy, but has been determined to

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