Olivia is ordering trendy necklaces and earrings made with semi-precious stones from a supplier in Belize,for her city boutique.Due to low paying wages in Belize,the supplier has promised an excellent wholesale price for these goods.You concur with Olivia when she explains to you that international business law is very clear-cut with these dealings.As long as the supplier is not breaking any labor laws in his country,Olivia's social responsibility is covered.
The fairness of requiring international suppliers to adhere to U.S.ethical standards is not as clear-cut as we would like it to be.U.S.businesses will be held to a higher standard by their customers and watch-dogs.Particularly,the issue of low wages and child-labor laws in foreign countries is of great concern to socially conscious investors and customers.
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