Solved: 7. Discuss reasons for the trend toward a universal code of business ethics.

1. The growth of international trade and and trading blocs, creates pressures to have common ethical practices that transcend national cultures and institutional differences. Predictable interactions and behaviors among trading partners from different countries make trade more efficient.

2. Interaction between trading partners promotes imitating hte business practices of other countries.

3. Companies that do business throughout the world have employees from varied cultural backgrounds who need common standdards and rules regarding how to behave

4. An increasing number of business watchdogs also are encouraging multinational companies to be ethical.