There are tremendous pressures on selected industrialized co

There are tremendous pressures on selected industrialized countries, as well as MNCs and NGOs to be more socially and environmentally responsive to world problems.

Do governments and companies in developed countries have an ethical responsibility to contribute to economic growth and social development in developing countries?

Luthans, F. & Doh, J. P. (2018). International Management Culture, strategy and behavior (10th ed.).

Ethics, Social Resposibility and Sustainability

There are tremendous pressures on selected industrialized countries, as well as MNCs and NGOs to be more socially and environmentally responsive to world problems. Do governments and companies in developed countries have an ethical responsibility to contribute to economic growth and social development in developing countries? Luthans, F. & Doh, J. P. (2018). International Management Culture, strategy and behavior (10th ed.).

Solution

Developed countries are those countries which have high level of economic growth and GDP.and they are independent and developing nations are those which have poor infrastructure who look towards someone for thier help .therefore it\'s a ethical responsibility of developed nations companies and goverment to put forward thier hands towards developing nations becuase people in developin nation really looking for help rhey are one who do not get two time proper meal where as in develpoed countires people throw thier excess food in dustbin,which is incorrect. inspite of wasting excess money its better to invest in grwoth and development of developing countries.