Investment, Technological Change, and Ethical Decision Making (HSC SSCE Economics): Flashcards

Decisions considering social/environmental impacts, not just profit

Lower costs, increased efficiency, larger production capacity

Business's right to operate maintained through ethical behaviour

Better-informed consumers squeeze margins, increase competition

Mixed: job displacement in traditional roles, new IT opportunities

Minimising pollution/waste, preserving nature, renewable energy

United States (27% of total foreign investment, 2018)

38% of total FDI stock

Consumers choosing products based on environmental/social values

Technology (enables global markets, low-cost communication)