The Way We Think: Ethics, Health and the Environment in International Business

Asian Journal of WTO & International Health Law and Policy, Vol. 5, No. 1, pp. 25-52, March 2010

28 Pages Posted: 31 Mar 2010

See all articles by David N. Smith

David N. Smith

Singapore Management University - School of Law

Date Written: March, 25 2010

Abstract

Breaches of ethics and social responsibility in domestic and international business are typically thought to be anchored in such phenomena as greed, dishonesty and conflict of interest. While these forces are frequently at work in international business transactions, there is often another major force at work when failures of ethics and social responsibility occur. This article addresses the question of what is it about the way that transnational company managers and government officials think or don’t think that leads to breaches of ethics and social responsibility – breaches that often result in major health, environmental and social tragedies. The article considers several cases of breaches in ethics and social responsibility: Texaco’s and Shell’s oil exploration and development in Ecuador and Nigeria, the Bhopal gas plant explosion in India, Wal-Mart’s sourcing of timber from China for manufacture of wood products, the trade in biofuels, the trade in toxic financial instruments, and the China milk crisis. The article discusses the roles of a variety of thought-processes in corporate and governmental decision-making and raises the question of whether we do enough in law schools and in business schools and school of public administration to address how companies and governments and their advisors think.

Keywords: International business, Ethics and social responsibility, Lawyer negligence, Legal education, Due diligence

Suggested Citation

Smith, David N., The Way We Think: Ethics, Health and the Environment in International Business (March, 25 2010). Asian Journal of WTO & International Health Law and Policy, Vol. 5, No. 1, pp. 25-52, March 2010, Available at SSRN: https://ssrn.com/abstract=1578267 or http://dx.doi.org/10.2139/ssrn.1578267

David N. Smith (Contact Author)

Singapore Management University - School of Law ( email )

55 Armenian Street
Singapore, 179943
Singapore

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