Please respond to the following:
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 that transcend cultural boundaries, and MNEs must adhere to these values.
Which of these ethical viewpoints might advocate criminalizing foreign bribery? Do you think that foreign bribery should be criminalized? Justify your response.