Question

FROM AN INTERNATIONAL BUSINESS POINT OF VIEW, ANSWER THE FOLLOWING QUESTIONS TO THE BEST OF YOUR KNOWLEDGE

Describe some key points of direct foreign aid.

Explain what emerging markets can do to build on their successes.

Explain why corporate social responsibility is important.

Describe what happens to countries where graft becomes widespread.

Explain whether corporations should be ethical in their global dealings, and who should define what is ethical for corporations when they conduct business with different cultures and societies.

Answer 1

Key points of Foreign direct aid are:

• It is the voluntary transfer of resources from one country to another
• It helps to improve the image at international platform for transferring country
• It helps to build bilateral and positive relation with nation
• It helps to foster growth and development
• On the hind side, it may hamper domestic market by substituting the product
• At times, the donor countries start interfering in the economic and political matters of the country hampering peace and stability
• It may not always be free and attract interest rate on aid if it is on returnable basis