Home Business TipsWritten by Peter Watts
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| | A Brief Overview: Unethical Practices Hurt Global CommunityWritten by Neal SenGupta
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Multinational companies are joining hands with dictators in name of global competition. For example, oil companies such as Exxon-Mobil are in strong partnership with military dictatorship in Equatorial Guinea, so they can purchase cheaper petroleum crude (2). Over 75% of Guinea’s residents live in poverty without any signs of redemption while malfeasance and corruption perpetrated by Guinea’s ruling family run rampant. When America is at war fighting for democracy, its companies should not be contributing to debase it. International business competition that is grounded on principles of fairness, human rights values and environmental stewardship not only cuts consumer prices and promotes thrift, but also creates lesser disparity and placates hostility around world. In contrast, type of unscrupulous competition that we are seeing today is detrimental to people in nations around world as well as communities in US.

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