Reference no: EM133598324

Question: The purpose of this assignment is to enhance your understanding of the ethical and social issues surrounding global business, specifically focusing on the disparities between developed and developing countries. The assignment aims to explore the responsibilities of developed countries towards developing countries and the relationship between environmental factors and ethical corporate social responsibility. In today's interconnected world, global business practices have a significant impact on social and economic conditions worldwide. Developing countries often face numerous challenges in their societies, including issues related to hygiene, health, climate change, and environmental degradation. Previously, foreign direct investment (FDI) was viewed as a beneficial strategy for developing countries. However, there has been a paradigm shift that emphasizes the importance of ethical and moral considerations in global business practices.

1. Do developed countries have any responsibility towards developing countries? Support your perspective with logic and citations from authoritative sources.

2. Considering the climate change crisis and the role of businesses in fueling this crisis, how would you relate environmental factors with ethical corporate social responsibility?