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Chapter - 11 Globalization and Society by Group-3 - New
Chapter - 11 Globalization and Society by Group-3 - New
AND SOCIETY
Presented By Group-3
Abhishek Verma
Nitin Kumar
Nikita Ranjan
Raj Paul
10-01-2020 Sumeet Agarwal
INTRODUCTION
• This chapter examines globalization and society from the standpoint of ethics and
social responsibility.
• Companies must satisfy
Shareholders , Employees , Customers , Society
Shareholders :- Want additional sales and increased productivity
Employees :- Want safer work places and higher compensation
Customers :- Want higher quality products at lower prices
Society :- Want more jobs , increased corporate taxes , more corporate support for
social services.
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FOUNDATIONS OF ETHICAL BEHAVIOR
There are three levels of moral development:-
• Preconventional : Children learn what’ right and wrong, but may not understand why their behaviors
are right or wrong
• Conventional: Role-conformity is learned from peers and societal laws
• Postconventinal , autonomous, principled: People internalize moral behaviour.
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RELATIVISM VERSUS NORMATIVISM
Does Ethical behaviour vary by country, or are there uniform values
that everyone should share?
PROS
Legal justification is appropriate because
• The law embodies many of a country’s moral principles
• The law provides a clearly defined set of rules
• The law contains enforceable rules that apply to everyone
• The law reflects careful and wide-ranging discussions
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LEGAL JUSTIFICATION: PROS AND CONS
CONS
The law is inadequate because
• Some things that are unethical are not illegal
• Laws are slow to develop in emerging areas of concern
• Laws may be based on imprecisely defined moral concepts
• The law often needs to undergo scrutiny by the courts
• The law is not very efficient
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EXTRATERRITORIALITY
Imposing domestic legal and ethical practices on the foreign subsidiaries of companies
headquartered in their jurisdictions. In addition , strong home-country governments may
adopt a practice known as Extraterritoriality.
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THE CONSEQUENCES OF CORRUPTION
It affects both company performance and country economies.
It erodes the authority of governments that condone it.
Corruption is expensive.
International accords to stop bribery
• OECD (Organization for Economic Cooperation and
Development) Anti-Bribery Convention
• UNCAC (United Nation Convention against Corruption)
National Initiative :
• U.S. Foreign Corrupt Practices Act
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National and Regional Initiatives
• Firms operating in different countries that have adopted the Kyoto Protocol are in
under pressure to take several action to reduce emission.
• The European union has set a target of an 8 percent reduction of GHG from 1990
levels.
• German have gone one step further, setting a target of 21 percent (based on the
assumption that they had be able to close down coal- fired power plants still
operating in the former east Germany).
Tiered pricing means that consumer in developed countries pay higher prices and those in developing
countries.
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ETHICAL DILEMMAS OF LABOR CONDITIONS
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ETHICAL DIMENSIONS OF LABOR CONDITIONS
Labor issues are as follows :-
• Wages
• Child labor
• Working conditions
• Working hours
• Freedom of association
A code of conduct
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