Topic > Ethical Impact of Globalization - 1916

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, thus decreasing the importance of geographic distance. As a result, the world has become a global community, where information, services, trade and capital exchange can be easily accessed, transported and communicated at seemingly ever-lower costs. There is no doubt that this ideology of globalization has created a positive buzz across the world, however, when it comes to ethics, the benefits enjoyed are not equally distributed as they should be. Murat and Yüksel (1999) state that while ethics may be a general guideline, the question of “how to behave ethically” is still unclear when managing differences between various cultures and levels of economic development. Being able to decipher between “right and wrong” in a problematic situation can be difficult. In a business context, the economic development of an entity is obviously an imperative element, there is a barrier between what is acceptable and right and what is exploitative. This exploitative ideology extends not only to human beings with regards to well-being and culture, but also to the environment. The impacts of globalization are generally discussed in relation to the consequences arising from economic and political growth; often, social impacts are ignored. According to Lee (2006), it is believed that both international trade and foreign direct investment should benefit from the abundance of low-skilled labor in developing countries, thus implying an increasing demand… half paper…. ..Ref". Cultural domination can be seen as a form of exploitation (Desrecher 1997), the change that has occurred in India has been amplified among young people, through the use of media that influence clothing choices, opinions and consumption Lifestyles are constantly evolving, Athyal (2007), believes that young Indians are particularly vulnerable to the media, an example is given that shows the effects of the media, regarding sexual relationships, where “the younger ones ( 33 out of 78 respondents) who had sex before marriage admitted that moving and television were partly responsible for their decision.” It can be inferred that globalization is inadvertently pushing the global community towards a Westernized culture, although this this is not necessarily a bad thing, cultures and traditions around the world have the potential to slowly deteriorate over time and therefore lose their sense of national identity..