Ethical Impact Of Globalization

Technology as a mode of Globalization has had a great impact on ethical implications around the world in the 21st century. Through the use of technological advancements, globalization has been made possible, the world is able to interact and connect at ease and productivity has increased astronomically, thereby diminishing the importance of geographical distance. As a result of this, the world has become a global community, where information, services, trade and capital exchange can be easily accessed, transported, and communicated for seemly lower and lower costs. There is no doubt that this ideology of Globalization has created a positive buzz worldwide, however, regarding ethics, the benefits enjoyed are not as evenly spread, as they should be. Murat & Yüksel (1999) state that while ethics may be a general guideline, the question of “how to behave ethically” is still unclear, when managing the difference between various cultures, and the levels economic development. Being able to decipher between “right and wrong” in a problem situation may be difficult. Within a business setting, the economic development of an entity is of course, an imperative element, there is a barrier between what is acceptable and fair, and what is exploitative. This ideology of exploitation extends not only over humans regarding welfare and culture, but also to the environment.

Globalization’s impacts are generally discussed in regards to the consequences bared by economic and political growth; often, social impacts are dismissed. According to Lee (2006), it is thought that both international trade and foreign direct investments should take advantage of the abundance of low skilled labor in developing nations this therefore implies an increasing demand ...

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...re”. Cultural domination can be seen as a form of exploitation (Desrecher 1997), the change occurring within India has been magnified within the youth, through use of the media affecting dress choices, opinions, and consumption. Lifestyles are ever-changing, Athyal (2007), believes that the youth of India are especially vulnerable to the media, an example is given showing the medias effects, regarding sexual relationships, where “the younger ones (33 out of 78 interviewed) who had sex before marriage admitted that moves and television were partly responsible for their decision”. It can be deduced that globalization is inadvertently pushing the global community toward a Westernized culture, though this is not necessarily a bad thing, cultures and traditions world-wide have the potential to slowly deteriorate over time therefore losing a sense of national identity.