Document 6
Document 6
Document 6
Learning Objectives. At the end of the topic, students are expected to:a) to define globalization;b) to identify some emerging problems in
globalization;c) to identify some ethical challenges of globalization;d) to identify business ethics issues on globalization.
What is Globalization?
Globalization has become the trend of unity among countries as this concept made scattered states one interact with each other. Globalization
is defined through the following:
a. the world-wide integration of government policies, cultures, social movements, and financial markets through trade and the exchange of
ideas;
b. intensification of worldwide relationships which link distant localities in such a way that local happenings are shaped by events occurring
many miles away and vice versa.
c. It is the stress on trans-nationalization of the connections taking place in the worldtoday.