Globalization and Its Ethical Implications

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Globalization and Its Ethical Implications

Table of Contents

Introduction
Discussion
Conclusion
References

Introduction

Globalization is the modern reality that influenced humanity from economic, social, and cultural perspectives and changed how diverse nations perceive one another. The outcomes of the process are a decrease in manufacturing costs with simultaneous expansion of production volume and overall quality of life improvement as more goods become accessible to people worldwide. The negative implications of globalization are economic instability, inequality of wages and human rights, corruption, and environmental problems (Arditi, 2004). These issues also resulted in ethical dilemmas as people with diverse backgrounds and life conditions participate in world development.

Discussion

Although the outcomes of globalization, such as expanded trade, improved transportation, employment opportunities, communication, and human rights protection, are beneficial for most countries, they result in several ethical issues. For instance, the difference in labor standards is a societal topic that demonstrates the inequality of wages and insufficient regulations for regions with unstable political situations. Another ethical issue is discrimination based on age, gender, race, and religion, which often occurs in multinational corporations where diverse employees work together (Ahmad, 2013). These problems are the implication of the rapid expansion of businesses because it requires quick and inexpensive decisions that do not address human rights.

Globalization affects the dilemmas of labor standardization and discrimination abolishment as both societal issues related to expanded interaction between people of diverse backgrounds. Gong (2010) claims that modern society has not made virtues less important, and even as modern life has become more diversified, rule-following ethics have taken on even greater importance (p. 256). Indeed, globalization made complaining about the local rules complicated, and, for example, if one country has strict labor standards, they might be impossible to follow in another.

Conclusion

Possible solutions to the identified ethical dilemmas are related to international unions activities and local organizations involvement. To address the problem of labor standards, United Nations should develop job and wage baseline regulations and require all international companies to comply with them. The solution should be adjustable to countries economies and approved by local institutions to avoid strikes. Discrimination is more complicated to address; however, international conglomerates have already started applying solutions, including diversity in their value propositions (Cletus et al., 2018). The approach is socially and culturally feasible for many countries because their citizens identities are respected, making such firms attractive employers and economy improvers.

References

Ahmad, A. (2013). A global ethics for a globalized world. Policy Perspectives, 10(1), 63-77. Web.

Arditi, B. (2004). From globalism to globalization: The politics of resistance. New Political Science, 26(1), 5-22. Web.

Cletus, H. E., Mahmood, N. A., Umar, A., & Ibrahim, A. D. (2018). Prospects and challenges of workplace diversity in modern day organizations: A critical review. HOLISTICAJournal of Business and Public Administration, 9(2), 35-52.

Gong, Q. (2010). Virtue ethics and modern societyA response to the thesis of the modern predicament of virtue ethics. Frontiers of Philosophy in China, 5(2), 255-265. Web.

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