An MNC wants to outsource its product from a company in developing country, where labour is cheaper and child labour laws can be easily flouted. Such outsourcing of business will help the company in increasing their profits considerably. Do you think it is ethical for the firm to outsource business based on such values and concerns ?
No, it is not ethical for the firm to outsource business based on such values and concerns.
By doing above mentioned activities, following mentioned values are ignored :
(i) Labour welfare (ii) Fair Remuneration