Globalization Ethical Issues
Our world of business is growing at a rapid pace each day and the increase in interaction leads to more difficulties in globalization. What is globalization? Globalization is the history of our world’s countries interacting with one another in ways that exchanges cultural beliefs and behaviors as well as adapting new ideas and customs through the growth of technology and advancement in evolutionary customs. More and more countries interact with one another and it leads to all types of different results in cultural changes. There is proof of a definite loss in cultural among countries affected by globalization. Alongside this growth there is a need for structure, guidance, and training to accommodate managers and employees involved in globalization. Learning about the new cultures is not the only dilemma at hand. One main concern is dealing with payoffs and bribes. This kind of ethical issue can cause serious problems. Because of the frequency of this issue the US congress passed the Foreign Corrupt Practice Act (or FCPA) in hopes of prohibiting the bribery involving US corporations. This brings up another money saving/ethical issue commonly known to globalization, loss of jobs from 1st world countries. It is true that sometimes products cost less to make in other countries. Businesses sometimes utilize the lower costs by moving jobs or entire factories overseas in order to cut labor costs and have a bigger profit. Smaller countries have to deal with the ethical dilemma of the disadvantages of having lesser amounts of resources than bigger companies. This forces them to put environmental concerns on the back burner in order to try to save companies money and compete with larger countries. This brings up another employment related ethical issue, forced child labor. Child labor is another way to cut production costs. This is a known