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MGT610 GDB 1 Solution Spring 2017

Title: Globalization: An Ethical Perspective

GDB

Globalization is an emerging phenomenon and still scholars are working on it. In simple words globalization means the dilution of borders between countries, it is about reducing the barriers between the sovereign states and resultantly provides free market environment. However, some critics are against this idea and according to them globalization has failed to provide security for the local manufacturers, particularly in those countries where the resources and raw material are expensive, which resultantly ended up in the expensive manufacturing. By this, manufacturers from those countries where factor of production including land, labor, raw material and financing is cheap would be more acceptable and welcoming. By keeping this view, these critics argue that Globalization is an unethical practice that has no moral ground to be implemented.

Question:

In your opinion this argument is justified or not? Provide logical reasons to justify your answer.

the local manufacturers, particularly in those countries where the resources and raw material are expensive, which resultantly ended up in the expensive manufacturing. By this, manufacturers from those countries where factor of production including land, labor, raw material and financing is cheap would be more acceptable and welcoming

 

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