Ethics in Complexity and Globalization
This term is sometimes referred to as a economic globalization where several economies of the nations are combined through by a foreign investments, trade, capitalization, migration and many other factors.
The company may also require that product or service claims must be honest, straightforward and defensible. However, as with any company policy, it is important that this new code be reviewed by legal counsel before being formally incorporated into the company’s policy. Once the code of ethics policy is adopted, it must be communicated, enforced and effectively monitored. There is a natural reluctance to talk about ethics and values; however, a company can integrate discussions of ethics into decision-making, and encourage employees to raise ethical concerns. This can be done through training, providing whistleblower procedures, monitoring and rewards. Almost every company will have employees that made the correct decision in spite of the difficulty in doing so. Communicating these stories is one way to make ethics more meaningful. Employees should understand the company’s core values and why they are core values. The company should ensure that its decision-making process factors in the company’s code of ethics.
Moreover, globalization causes creation of new crimes and violence such as computer crime, global sex tourism, and prostitution among women and children. Other effects of globalization include economic insecurity where trade and financial transactions are largely affected (Carroll, 2004). There are ecological problems associated with globalization such loss of biodiversity and global warming resulting from industrial development and increase in population growth. In addition, globalization is killing traditional cultures by influencing many companies to imitate Western cultures, thus restricting development of traditional cultures, especially in African countries. Other bad affects of globalization to humanity include economic inequalities among countries. For example, due to globalization, poor countries usually face a number of challenges in their financial sectors and cultural imperialism resulting from decolonization (Ke & Wang 2014).
It is not globalization per se, but the unfairness and damaging results from the way it is developing that is the moral and humanitarian problem. In the meantime, we need to hang on tight because there’s a rough ride ahead of us.
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Ke, J, & Wang, G 2014, ‘China’s Ethical Dilemmas under Globalization and Uncertainty: Implications for HRD’, Advances in Developing Human Resources, vol. 16, no. 1, pp. 74-91. Web.
Merino, M, & Vargas, D 2013, ‘How consumers perceive globalization: A multilevel approach’, Journal of Business Research, vol. 66, no. 3, pp. 431-438. Web.