GED 107 - ETHICS

GLOBALIZATION
AND ITS ETHICAL
CHALLENGES

LAYSON, PATRICIA-ARC 2203

WHAT IS
GLOBALIZATION
Globalization has become the trend of unity
among countries as this concept made
scattered states one interact with each
other.
 The worldwide integration of government
policies, cultures, social movements, and
financial markets through trade and the
exchange of ideas;

Intensification of worldwide relationships

WHAT IS which link distant localities in such a way

that local happenings are shaped by

GLOBALIZATION events occurring many miles away and

vice versa

It is the stress on trans-

nationalization of the connections
taking place in the world
today.
It uses up finite resources more quickly. Once
one country opens up their product to the
world wherein all countries can avail, there is a
big possibility of depleting the supply
Increases world carbon dioxide.

It makes it virtually impossible for

regulators in one country to
Some
foresee the worldwide
implications of their actions.
Problems with
It acts to increase world oil prices Globalization
It transfers consumption of limited
oil supply from developed
countries to developing countries.
It tends to move taxation away from
corporations, and onto individual citizens.
It transfers jobs from developed countries to
less developed countries.

It transfers jobs from developed countries to

less developed countries.

It transfers investment spending from

developed countries to less developed
countries.
Some
It encourages dependence on other
countries for essential goods and
Problems with
services

It ties countries together so that if

Globalization
one country collapses, the collapse is
likely to ripple through the system,
pulling many other countries with it.
Some Ethical
Challenges of
Globalization
It cannot be denied that
globalization has an emerging
challenge to address. They can be
deduced from the following:
Wealth concentration for the few
and leaving behind the majority.
Laissez-faire capitalism deepens the
inequalities within and between nations for
consequentialist and deontological
standpoints.
States are losing their own sovereignty.
Problem of handling the global environment
in order to prevent a global ecological
collapse.
Explosive population growth which
threatens to surpass the earth’s
carrying capacity and
bust the biosphere.
SOME EMERGING ISSUES OF
GLOBALIZATION AND
BUSINESS ETHICS
As globalization is largely an economic concept and system, it is
reasonable to enumerate the different concerns in Business
Ethics.
corporate policies;
corporate practices;
business behaviors; and
the conducts and relationships of individuals in the organization.
SOME EMERGING ISSUES OF
GLOBALIZATION AND
BUSINESS ETHICS
1. duplication/ imitation of products;
2. child labor;
3. money laundering;
4. environmental issues;
5. and other business malpractices and crimes
cyber crimes
seuxal harrasments
intellectual property
patent thefts