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Unformatted text preview: International Journal of Business Research, Volume 8, Number 5, 2008 (ISSN: 1555-1296) 1 A MODERN PHILOSOPHY OF GLOBALIZATION: MOTIVES, CONSEQUENCES, AND ETHICS OF WORLDWIDE COMMERCE Sean D. Jasso, Ph.D. © International Journal of Business Research, Volume 8, Number 5, 2008, pp.84-95 (ISSN: 1555-1296) i ABSTRACT This paper takes the position that globalization both in terminology and theory is overly used and misunderstood. Much has been written and debated in recent years about the phenomenon called ‘globalization’, but still students and business practitioners alike, fall into polarized and ideological camps of what it is, why it is, and what all the fuss is about. The paper addresses three central questions. First, what are the motives of nations to reach beyond their borders? Second, what are the consequences of this outreach – predominantly in the present time? Third, what are the ethics – or the general guidelines – of worldwide commerce? The ultimate objective and destination of the paper is to offer a collective starting point for the new decade ahead and, moreover, that an aggregate discussion among economists, political scientists, and the business community might ensue. Not all people care about or are aware of globalization, but most people are impacted by its reality. Yet, for those who live in the world of ideas and the practice of policy design, implementation, and business management, a new philosophy can help simplify the diversification of globalization’s meaning for those who may have strayed or have been skewed from the confusion. Keywords: Globalization; Philosophy; Global Economy; Economic Development; Global Politics; Transnationalism; Global Governance; Global Reach; Ethics. 1. INTRODUCTION In a recent conversation with a philosopher colleague, I inquired about the ancient Greek philosophers – some of our original thinkers on the nature of enigmatic phenomena – as to their understanding of ‘globalization’. Before I obtained an answer, this eminent scholar and friend turned the question back to me and in classical Socratic fashion, retorted, ‘why does globalization advance poverty to the benefit of corporate wealth?’ I knew from that moment that the idea of globalization, even among elite thinkers, had become ideologically polarized, firmly sensitive, and profoundly unclear as to what globalization actually means. My colleague wasn’t wrong, nor was he correct in his response. Rather, he, like many, sees the economic world as an unrestrained machine yielding disparate opportunities among humanity, where others see this machine as the natural endeavor of contemporary civilization seeking knowledge, prosperity and growth....
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This note was uploaded on 08/20/2009 for the course BUS 102 taught by Professor Jasso during the Spring '09 term at UC Riverside.
- Spring '09
- Politics Among Nations