Summary of China 2020
How Western Business Can - and Should - Influence Social and Political Change in the Coming Decade
What standards, morals and principles will Western companies check at the door to generate profits in China?
What lengths will Western businesses travel to make profits in China? What morals and principles are they willing to sacrifice for a taste of success? Associate professor of business Michael A. Santoro investigates this subject by focusing on four salient issues: sweatshops, illegal drug manufacturing, Internet censorship and the rule of law. He offers a lucid, well-reasoned, although at times academic, analysis of how businesses are cashing in on corruption, weak regulation and the de facto absence of the rule of law instead of trying to improve conditions in China. Although some of Santoro’s conclusions seem idealistic (that is, inject foreign firms operating in China with a sense of morality and you will fix China’s problems), getAbstract recommends his brief but excellent argument that Western corporations have a responsibility for human rights proportional to their ability to make a difference.
In this summary, you will learn
- Why foreign businesses operating in China have a moral responsibility there;
- How this moral duty should affect their business decisions; and
- What industries flout their human rights’ obligations in China.
About the Author
Michael A. Santoro is associate professor of business ethics at the Rutgers Business School. He is the author of Profits and Principles: Global Capitalism and Human Rights in China.
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Knowledge PackCritical Voices on ChinaDelve into the darker aspects of China's boom, from the lives of the peasants to the downside of its economic adventures.
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