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Global Strategy 3rd Edition by Mike Peng
Edition 3ISBN: 978-1133964612Global Strategy 3rd Edition by Mike Peng
Edition 3ISBN: 978-1133964612 Exercise 1
ON ETHICS: Some argue that globalization benefits citizens of rich countries. Others argue that globalization benefits citizens of poor countries. What are the ethical dilemmas here? What do you think?
Explanation
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Globalization:
Globalization is a method of integrating products, ideas, culture, and views of different nation.
Statement: "Globalization benefits citizens of both rich and poor countries."
Ethical dilemma:
Some people may believe that globalization provides more choices to customers in rich countries. The purpose is to be more competitive in terms of quality and pricing of products. Globalization also enhances the living standard of people in domestic country and abroad. It also helps in creating jobs in rich countries.
Ethical dilemma may arise even if citizen in poor and rich countries benefits together, there is a losers in both type of countries. All people who lose jobs will not find other comparable jobs.
Some people may believe that people in poorer countries are the most important beneficiaries because of growth in infrastructure industries. Globalization also improves the standard of living because of willingness of foreign firms invest in poor countries. Thus, globalization provides benefits to both rich and poor countries.
Globalization is a method of integrating products, ideas, culture, and views of different nation.
Statement: "Globalization benefits citizens of both rich and poor countries."
Ethical dilemma:
Some people may believe that globalization provides more choices to customers in rich countries. The purpose is to be more competitive in terms of quality and pricing of products. Globalization also enhances the living standard of people in domestic country and abroad. It also helps in creating jobs in rich countries.
Ethical dilemma may arise even if citizen in poor and rich countries benefits together, there is a losers in both type of countries. All people who lose jobs will not find other comparable jobs.
Some people may believe that people in poorer countries are the most important beneficiaries because of growth in infrastructure industries. Globalization also improves the standard of living because of willingness of foreign firms invest in poor countries. Thus, globalization provides benefits to both rich and poor countries.
Global Strategy 3rd Edition by Mike Peng
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