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| | A Brief Overview: Unethical Practices Hurt Global CommunityWritten by Neal SenGupta
In principle, healthy business competitions at international level serve interests of consumers by improving quality of products at reduced costs. At same time unfair business practices driven solely by profit motives, although seemingly attractive on a short-term basis, may be a detriment to all parties in long run. Many of foreign steel producers import cheap iron ores from developing countries where miners and local labors are often subject to unacceptable working conditions at pitifully low wages. Many of these companies are also constantly violating environmental pollution control standards. Unethical business practices hurt both local and foreign communities; while Bethlehem and neighboring areas lost its major source of revenue and employment, unabated environmental degradation and suffering of working people a world away continue to damage communities throughout world. Circumventing America’s strict environmental regulations has become common place; major industries such as petrochemical and manufacturing have cut costs by relocating plants in developing regions like Mexico, Central America, India, China and Eastern Europe where environmental regulations are less stringent and penalties associated with non-compliance are frequently excused. Also, many multinational US companies are still indifferent and have not yet taken proactive steps to address critical issue of global warming. Equally important, business competition also contributes to use of child labor to mass produce products needed by corporations. Even today, millions of children in developing countries such as India, Indonesia, and Pakistan are doing hard labor for miniscule payment. Nike and Reebok, as well as other major companies, have been accused of buying goods from subcontractors which were produced by child labor. Alongside of this, there have been strong allegations that China is using free labors of prisoners to produce exportable materials. It seems that companies are sacrificing human rights in order to cut costs.
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