Business Ethics Dealing with Poverty and Pollution in the Environment Research Paper

Business Ethics Dealing with Poverty and Pollution in the Environment - Research Paper Example Third world countries, due to poverty and lack of resources, are not able to invest in environmental friendly technologies and devise environmental regulations. This allows corporations to pollute in the third world countries without any problem. In this paper we will discuss the environmental pollution with the reference of businesses and third world countries. We will observe the reasons why businesses ignore pollution related regulations in the developing world. Other aspects of environmental pollution will also be discussed with reference to the case of ‘Poverty and Pollution’. Ethical Implications of Businesses Polluting in the Third World The ethical implications of businesses pollution in a third world country are significant. Environmental pollution affects the whole population of the region and therefore it cannot be ethically justified. There is no doubt that environmentally polluted technology is cheaper and therefore third countries use it in order to remain competitive in the global market. But the economic argument in favor of environmental pollution in the third world country is not justified because pollution affects a great number of pollution and not all people are able to get the economic benefits of businesses operating in their region. This is one of the ethical implications of businesses polluting in the third world. Another ethical implication of businesses polluting in the developing world is that it is not possible to value human life. Environmental pollution caused by firms in the third world countries create all sorts of health problems for its inhabitants and therefore decreases human life expectancy in the region. This is not ethically justified because people living in the region do not have any choice to move to another area as they are extremely poor. This is actually exploitation of human beings which can never be ethically justified. It is therefore proved without a doubt that environmental pollution is not ethical ly justified. Reasons why a Business Ignore Pollution Control Standards Businesses ignore pollution control standards in the third world because it drives down their production cost. Investment in required to reduce pollution for example in order to dump industrial waste in an appropriate manner significant investment is required. This drives the production cost up which hurts the profits of the firm operating in the third world countries. They are in the country just because of the promise of lower production cost and this is why they ignore pollution control standards. Organizations are profit making entities and therefore they do anything in their power to reduce their cost and maximize profits. Lack of will is another reason why businesses ignore pollution control standards. Laws are not strict in the third world countries and corporations therefore feel that they are not obligated to follow them. This is the main reason why firms don’t feel compelled to make a change and follow the pollution control standards. The firms are not willing to change their practices and this is why they lack the will to abide by the pollution control standards set by third world countries. Is Pollution the Price of Progress? It is argued sometimes that pollution is the price of progress. It is said that for developing countries to economically develop they require competitive edge over other developed countries