Ethical Theories Assignment Example | Topics and Well Written Essays - 750 words

Ethical Theories - Assignment Example However, most of the time a decision taken for the interest of an individual usually affects the interests of others. In such a case, other people may regard such actions as unethical. A critical evaluation of such a situation is likely to lead to a conclusion that every person is an egoist because an offence usually occurs when their interests are not achieved. According to Cecily and Payne (1990), â€Å"the free market economy operates under such philosophies†. This kind of market devoid of government influence through regulations generates a society in which each individual seeks to satisfy personal interests, and if everybody is successful, then the society will benefit as a whole. So long as each individual in business will be capable of making profits legitimately, then he/she will have fulfilled the moral obligation of the business. However, it is important for people to distinguish between egoism and selfish interests. It is most likely that selfish interests will cause an imbalanced society whereby some individuals will be deprived. Export of capital is significant in fulfilling economic goals. It facilitates growth of foreign direct investments and businesses in foreign countries grow. This helps in increasing the profitability of capitalists who would otherwise suffer a reduction in profits due to lack of opportunities for investment despite the surplus capital. In the less developed countries, there is scarcity of capital while the market remains unexploited, and there is availability of cheap land. On the other hand, there are cheap labour as well as cheap raw materials. Export of capital is also significant in the maintenance of a balance of trade (Tone 1991). This is because if a country liberalizes its market for foreign investors, which is the case in the United States, it also needs to find market for its domestic products, which helps in increasing exports so that the imports do not exceed the