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The Theory Of Business Ethics Essay

1612 words - 6 pages

According to the World Bank, Pakistan’s poverty rate was at 23% in 2006. The Pakistani economy is ranked 27th largest in the world in terms of purchasing power parity and 44th largest in terms of nominal gross domestic product (IMF). However, Pakistan’s population was ranked 6th largest in the world, making their gross domestic product per capita 140th in the world (UNDP). The human development index ranked Pakistan 146th out of 187 nations (UNDP). 23% of the labor force participants are woman and ranking the human development for woman 139th out of 179 nations (UNDP). To a multinational corporation, Pakistani is great candidate to conduct business operations. Not only do they have low wages and low cost, but their increasing population has a high demand for jobs. But, problems can arise when conducting international business in other countries. A countries laws and standards can be very different than those of the home-base country. Government corruption can impact ethical decisions that must be made in order to mediate between the different countries. Pakistan is one of those countries were the work standards are very low and government corruption is one of the highest on earth. Pakistan ranked 127th out of 177 nations according to the global coalition against corruption statistics in 2013.
As a Chief executive officer of a United States firm conducting business in Pakistan, one huge ethical factor that must be decided upon are the compliance of labor laws between countries. When looking at the data, United States labor laws and Pakistan labor laws are very different. In the United States, there are laws abided by in order to protect its workforce, including children. There are established laws to enforce a national minimum wage, employee discrimination, child labor, occupational safety and health, employee pensions, unemployment benefits and labor unions. Pakistan has established the following legislation: Trade Union Act 1926; Industrial Employment Act of 1934; Industrial Disputes Act of 1947 and Factories Act 1934. These four Acts provided the basis for labor laws and policy making in the country. Even though Pakistan has established labor laws they are still broad and not as strictly enforced compared to the United States.
Next, according to a labor force survey in 2008 the disbursements of workers in Pakistan are as follows: 51.78 Million make up the labor force (32.2% participation rate), with more than half the population concentrated in rural areas. This is out of a population of 167 Million (Population Census Organization). Of the employed labor force, 20 % make up industry and manufacturing (wage indicator). Out of the child population ages 10 to 13, 13% are working (Department of Labor). In 2013 the monthly minimum wage was 10,000 Pakistani Rupees which is equivalent to $98.32 per month in the United States (Department of Labor). Even though Pakistan implements labor law, the amount of corruption in that country must be...

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