ETHICAL BEHAVIOR AND INTERNATIONAL BUSINESS EXERCISE

1. What does the statement “all capitalism is crony capitalism” is referring to? Do you agree with this statement or not? Give an example.

Since im not familiar with the term Cronysm I used the Oxford dictionary to know the meaning, it says "the appointment of friends and associates to positions of authority, without proper regard to their qualifications." I think this is related with the close relationships between the media and some corporations, such tight links loose the impartiality and objectivity of the pusblished stories. 

I agree with it... For example our president owns the most important newspaper of Colombia, because of that hw can have a great influence about what to publish or not. On the other hands,  politics in a lot of cases there is not such thing as meritocracy, most of the jobs are given to the cousin of the brother of someone with a high hierarchical position. 

image taken from: http://www.criticaltimes.com.au/images/crony_capitalism.jpg

2. What is a Banana Republic? Why the author is comparing India with a Banana Republic?

According to the document, a Banana Republic is a country that runs under cronysm. The author compares India with a Banana Republic because the people who is in charge of the performance of a country are there only because of friendship or any other non-meritocratic reason, also because the media is attached to what the big corporations allow to publish. 

3. Why is it problematic that in the business world “The Media” becomes a corporation?

The average citizen does not have access to the primary sources of information. The media has access not only to the sources it also has the power to transmit the relvant information to the masses.

If the media becomes a corporation it losses its sense of impartiality and it will also act under its own interest. it would manipulate the information to its own benefit and all the public would be uninformed.

Image taken from: http://2.bp.blogspot.com/_fwKmcVARkpM/TJPbpEoYMI/AAAAAAAAAOM/p4PfEs9iIUk/s1600/communication.jpg

4. In this situation, what behaviors are considered unethical for corporations, journalist and the state?

its is unethical when a state or a corporation bribes the media in orther to publish inaccurate information or to avoid the whole publication. This stament works the other way around, journalists should not threat with the publication of some story to get economic benefits.

If the media works along with the state and/or the corporation to crush someone or a company with lesser power it is also unethical.

5. What can The Media, Corporations and the States do in order to behave ethically and in the benefit of the people and not their own interest. Give at least 5 good ideas. 

• The media must focus on their primary objective which is informing the audience with real information no matter what.
• The official jobs must  be earned by academic acomplishments and previous work experience. 
• Corporations must implement an ethic communication line in which employees report what they consider is unethical.
• If a corporation does not want to adress to the public through third parties it should implement a strong Public Relations deparment to control what will be said to the public.
• Laws and regulation to control the power states have over media.