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| POLITICS, ETHICS AND SOCIAL RESPONSIBILITY OF BUSINESS
The way in which multinationals take advantage of international differences, such as sweatshop where
in the production of clothes workers work in inhuman conditions. In addition, in the case of services (Y2K
problem), employees from the low-wage countries are exploited by multinationals.
12.4 NEW DEVELOPMENTS IN ETHICAL THEORIES
There has been an explosion of new developments in ethical theory in recent years, partly based on increasing
dissatisfaction with these traditional approaches and partly due to newer attempts to develop new theories
that are more directly relevant to business practices. These new theories include feminist theory, stakeholder
theory, social contract ...