ON ETHICS: Some argue that investing in emerging economies encourages global economic development. Others contend that moving jobs to low-cost countries not only abandons fi rms’ domestic CSR in developed economies, but also exploits the poor in low-cost countries and destroys the environment.

If you were (1) the CEO of an MNE headquartered in a developed economy moving production to a low-cost country, (2) the leader of a labor union in the home country of the MNE above, or (3) the leader of an environmental NGO in the low-cost country in which the MNE invests, how would you participate in this debate?