Corporate Ethics vs Economic Freedom

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Economic freedom like political freedom had many definitions. As noted, these often tied to a political viewpoint or ideology. Adam Smith’s, “The Wealth of Nations” gave the ideas of political and economic liberalism together. The international covenants clearly guaranteeing economic freedom as there are with political and civil rights, few theorists today doubt the connection between a free or marked-based economy, broadly defined, and a free political system. In the late 18th and 19th centuries, political and economic liberalism were intertwined philosophies that have generally marked the rise and success of democracies (Economic Freedom: Essential Principles 2011). The relationship between corporations and the environment is complex and detailed. The impacts that corporations have on the environment include the use of primary resources to make products: the use of energy and water and the production of waste and emissions. There is also the impact of the use of these products on the environment. The impact of corporations on the environment is enormous. The environment can also have an enormous impact on corporations. Some examples include the impact of the drought the effects of climate change, the loss of resources such as fish, the loss of our coral reeds affecting tourism, the restrictions placed in development due to the protection of threatened species. Corporate Social Responsibility is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby businesses monitors and ensures the active compliance with the spirit of the law, ethical standards, and international norm. The goal of CSR is to embrace responsibility for the company’s actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders, and

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