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New business ethics study findings recently were reported by researchers at Edgewood College
February 19th, 2010
"In July 2008, Pacific Rim Mining, a socially responsive Canadian gold mining Multinational Corporation (MNC) with $77 million invested in El Salvador, experienced a 30% decline in stock price when it suspended exploration drilling for gold there," investigators in the United States report.
"In April 2009, the company filed a lawsuit against the government of El Salvador through Central American Free Trade Agreement to recover its investments plus damages. This corporate failure is explored based on: (1) four globalization economic development models, (2) the social, political, and economic history of El Salvador, (3) the El Salvador gold mining industry, and (4) social...
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Source: VerticalNews Economics (2010-02-19)