Why an International Code of Business Ethics Would Be Good for Business

(TCO I) Larry R. Smeltzer and Marianne Jennings wrote an article, “Why an International Code of Business Ethics Would Be Good for Business,” which was assigned to be read at the beginning of the course. As you have worked throughout this session, you should have considered this article and how it may or may not have impacted different situations in the world economic/business/legal/political environments. The essay you will write on the next question should show that you have read this article and can apply the theories and thoughts from that article to the scenario provided. Feel free to rely on the information you know about the situations (if real) or analogize to one that is real, if you wish. Include in your answer at least two specific concepts from the article, and apply those concepts to your reasoning in your answer. You will be graded on your knowledge of the article as well as the application of ethical theories to international situations. The Ukraine is a relatively large country of 45+ million people, with a large surface area of farm land, similar to Kansas or Nebraska in the U.S. The Ukraine was one of the fifteen Republics that made up the old Soviet Union, but became a separate and independent country when the Soviet Union fell apart in 1991. In early 2014, the Ukraine was negotiating to become part of the European Union, when Russia, which shares a long border with the Ukraine, objected and began attacking them in an effort to seize at least part of their country. The Russians invaded and assumed ownership of the Crimea Peninsula from the Ukraine, which is a strategically located series of harbors with both military and international trade value.Russia then invaded the eastern part of the Ukraine, armed Russian Separatists who wanted to become part of Russia, and began daily combat with the Ukraine army. The fighting continues intermediately, as casualties are nearing 800 fighters killed, plus 298 passengers lost on a commercial airplane that was shot down in the eastern Ukraine by the rebel troops with a Russian missile. Many people believe this crisis is a beginning of Russian efforts to rebuild the territories that use to be the Soviet Union back into a “Greater Russia.” They have already seized a portion of the Republic of Georgia, which also had been a Republic in the Soviet Union. The Ukraine does consist of very valuable farm land, which generates a huge amount of products for export, particularly wheat. Obviously, the Ukrainian government prefers to be part of the democracy of the European Union, as opposed to be back under Russian domination. Argue for or against the future direction of the Ukraine on an ethical basis. Should Ukraine go back to its historical association with Russia, or into a collection of big money countries in the European Union? Use Smeltzer and Jennings’s article as a basis for a solution to avoiding a future conflict such as this. Can you think of a way that an international code of business ethics would have helped avoid this crisis or could keep other ones from occurring in the future? What challenges would there be in implementing ethical codes that may prevent such a situation in the future? Be sure to include specific ideas from the article, along with your own thoughts, analysis, and evaluation of this essay question

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