What are the Obligations of a Global Company ?

A two page article starting on the front cover of the main section of Sunday’s New York Times addresses why the US lost out on the assembly work for Apple’s iPhone. The article raises some important questions about corporate responsibility, starting with the implied responsibility of a company to create jobs in its home country. In responding to the jobs going to China,  Betsey Stevenson, the chief economist at the US Labor Department until last September is quoted as saying

 

“Companies once felt an obligation to support American workers, even when it wasn’t the best financial choice.

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