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Business Ethics and Globalization

Business Ethics and Globalization - phenomenon but labor...

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Business Ethics and Globalization Ethical issues resulting from globalization are supposed to become relevant and function on a global rather than a national scale. These include financial markets, corporate strategies, wealth creation, research and development, consumption patterns, and regulatory capabilities. All of this is said to contribute to the decreasing importance of national governments. Example of globalization is international financial transactions, which have reached staggering dimensions and which seem to move beyond any state or other control. All countries freely open their markets to competition with other countries and where factors of production as well as products can be exchanged across borders. There are huge international financial transactions and the international exchange of goods and services is also growing steadily. This level of globalization is not at all reached by the movement of labor. International migration is an important
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Unformatted text preview: phenomenon, but labor markets are still fiercely protected by powerful states. The ethical risks and consequences associated with global business is that globalization leads to a movement of employment to lower paying countries and the lowering of established social standards such as health or unemployment benefits in industrialized countries. Digital divides are one of the most pertinent ethical issues arising from the globalization of economic activity and ICT. One of the reasons why digital divides are perceived as an issue is that they strike most of us as inherently un-just. The reason for this perceived injustice is that they increase and perpetuate the economic inequality within and between nations. Reference Stahl, B. (2008). The Handbook of Information and Computer Ethics. Retrieved July 16, 2010. John Wiley & Sons, Inc. http://www.cse.dmu.ac.uk/~bstahl/publications/2008_ethical_issues_info_business_wiley.pdf...
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