Which of the following do you feel is the best approach when dealing with foreign bribery? Why?
Ethical Relativism: There are no universal or international rights and wrongs; it all depends on a particular culture’s values and beliefs.
Ethical Absolutism: You follow your own cultural values no matter where you are.
Ethical Universalism: There are fundamental principles of right and wrong which transcend cultural boundaries and MNEs must adhere to these values.
Which of these ethical viewpoints might choose to criminalize foreign bribery? Do you think that is an appropriate strategy?