Ethics & It's Role in International Business - Specifically as it Term Paper

Ethics & It's Role in International Business - Specifically as it Applies to Arabic Countries - Term Paper Example The expectations with ethics and culture contribute to misunderstandings and gaps in establishing stronger relationships. Understanding the main problems and creating influential ways of establishing stronger ties between countries can provide both countries with alternatives to growth and development at an international level. Arabic Countries and Ethics in Business The ethics which are included in businesses within Arabic countries are established first by the expectations that are regulated through the government of the various areas. The various establishments expect to have legalities and activities defined by tax, regulations in activities and fair trade practices that are used by the government. More important, the ethical considerations are driven by the Arabic countries having direct influence over the religious and moral influences of the area. The different regions are known for having a basis in Islamic practices, which carries a direct link to what is equitable in busine ss practices. The Islamic practices include regulations on trade agreements, how to define fair business and regulations in terms of payments to the government or other corporations. This is established through the Shar’iah, which defines the laws of trade and business between those in the country. Most Arabic countries and businesses continue to practice these laws with the economic value offering more alternatives because of the ethics which are practiced in the countries (Perry, 2007). The different concepts that apply through the Shar’iah not only create establishments with the way in which fair trade should take place. Arabic countries have established