Ethical challenges of the globalization process	 Cover Image

Ethical challenges of the globalization process
Ethical challenges of the globalization process

Author(s): Branko Balj, Radenko Marić
Subject(s): Economy
Published by: Prague Development Center
Keywords: Globalization; ethics; strategy of business ethic; corporative responsibility; behavior

Summary/Abstract: Whereas roots of globalization are far reaching, it is primarily a modern age phenomenon. Modern business operation and the world economy are characterized by domination of multinational corporations, strong presence of the government in economy and the long-term tendency towards globalization in manufacturing, trading and consumption in the world. Containing both risks and opportunities, globalization is a problem of manifold nature. For some it means regression and falling into “neocolonialism”, the others glorify it. It is logical to ask the following questions: What are the consequences of globalization for governments, nations, companies and individuals? What are the business, social and ethical issues it causes? In one word, is it possible to be ethical, to avoid and correct “bad” and keep “good” consequences of total phenomena as the globalization, and whether it is rewarding in the increasing market competition?

  • Issue Year: 3/2009
  • Issue No: 3
  • Page Range: 7-10
  • Page Count: 4
  • Language: English