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Business Ethics Across Cultures

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Locate two articles discussing the ethical perspectives or business ethics of a foreign
country. Each article must contain information on a different foreign country on a different
continent; for example, if the first article you select discusses a country in South America, the
second article you select must discuss a foreign country outside of South America.
ï?·Create an article review addressing the following points:
o Provide a brief summary and overview of the articles you have selected.
o Explain the primary ethical perspectives of the countries discussed in the articles.
o Discuss how the articles contribute to understanding global ethical perspectives.
o Briefly describe how the business ethics of the foreign countries compare to the business
ethics of your home country(USA).

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In accordance with BrainMass rules this is not a review or a paper, only background help.

o Provide a brief summary and overview of the articles you have selected.
The first article that has been selected by me is "Carrefour and Casino: face off in Brazil" http://blogs.ft.com/beyond-brics/2011/06/28/carrefour-and-casino-set-for-battle-royal-in-brazil/#axzz1R1TJrBXg
The article reports the ethical and legal dilemma because the Carrefour, the French hypermarket chain received an offer to join forces with Grupo Pao de Acucar or GPA, which is Brazil's biggest supermarket chain. If the offer is accepted then it will create the largest company in the sector. On the other hand GPA has already entered into an agreement with Casino, the competitor of Carrefour to take control of GPA next year. The point is that GPA appears to have violated all ethical and legal norms in making the offer to Carrefour. The ethical issue is that the GPA has already entered into an agreement that will allow Casino to take over the company next year. On the other hand it has made an offer to Carrefour. The agreement between GPA and Carrefour would be backed by financial strength of banks. There are several ethical issues in this article. One is that creation of a really large retailer that would have monopoly powers and the ability to exploit the customers. The other ethical issue is that GPA has simultaneously dealt with Casino and Carrefour.
The second article on ethics is "Ensuring 'clean' practices" from:
http://www.thehindubusinessline.com/opinion/article2137078.ece?homepage=true
This article says that powerful anti-corruption laws are compelling European Business to act in the interests of the shareholders and also does well to the economy of the country without hurting business management or ethics. According to this article Europe has controlled corruption by instituting strong laws as well as enforced these laws when bribery has occurred. The article gives several examples. Germany for instance, imposes large fines and a jail term that may go up to ten years if corruption is found. The EU Anti-Bribery Law also helps combat bribery on the international level. The EU law forbids the bribing of foreign officials, elected representatives', and judges. So, even those found paying bribes abroad are also ...

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