Ethics in Complexity and Globalization
Steady increase in globalization lead to few problems which include ethics. From 1950 to 2000, world trade expanded almost 20-fold, far outstripping world output, which grew by six and a half times. Globalization refers to the process in which different cultures, societies and economies throughout the world will be connected and integrated through by a global network of transportation, communication, trade and business. 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.
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.
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).
Regional organization already takes place in the form of WTO and the European Union. Such groupings are likely to increase in the future because of the necessity of avoiding the chaos and suffering of the vast disparities between the haves and the have-nots, and perhaps the side effects of competition between the great economic powers. Globalization can be a great boon. 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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