2.6.2
Good Ethics & Globalisation
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Good Business Ethics and Globalisation
The idea that good ethics is good business is commonplace. Globalisation is the integration of the world economies, industries, markets, cultures and policy-making.
Ethics impacting decision-making
- Generally, customers prefer to buy from ethical businesses rather than from businesses they suspect of trying to cheat them, exploit others or cause social or environmental damage.
- The idea that good ethics is good business also extends to business decision-making.
- Google's former corporate motto, 'Don't be evil', has been replaced by 'Do the right thing'.
The impact of media exposure
- Not only will customers relate positively to the business if it 'does the right thing', but the business will be more successful if all its decisions are ethical decisions.
- Businesses are often damaged when the media exposures their unethical practices - even if they are within the law. If customers start to perceive them negatively, businesses often change what they do.
What is globalisation?
- Globalisation describes the integration of economies, industries, markets, cultures and policy-making around the world.
- Moving production from wealthier countries - such as the US and Western parts of Europe - to countries such as China and India - where the wage paid is much lower than it would be in these MEDC’s (more economically developed countries) - has rapidly increased economic development and technology.
Impact of globalisation on wages
- Although the wages that corporations pay in countries like China are far lower than the wages they would need to pay in Western countries, they are still much higher than those of rural workers, like peasant farmers in China.
- This has had enormous economic benefits for stakeholders in these emerging economies.
Reduction in poverty
- Jeffrey Sachs says that, as a result of globalisation, the number of extremely poor people in India has reduced by 200 million and by 300 million in China (The End of Poverty, 2005).
Consumer culture in Europe
- Moving production to low-wage countries has had major impacts on stakeholders in the US and Europe.
- Consumers have benefited from cheaper products, fuelling a consumer culture.
1Philosophy of Religion
1.1Ancient Philosophical Influences: Plato
1.2Ancient Philosophical Influences: Aristotle
1.3Ancient Philosophical Influences: Soul, Mind, Body
1.4The Existence of God - Arguments from Observation
1.5The Existence of God - Arguments from Reason
1.6Religious Experience
1.7The Problem of Evil
1.8The Nature & Attributes of God
1.9Religious Language: Negative, Analogical, Symbolic
2Religion & Ethics
2.1Natural Law
2.2Situation Ethics
2.3Kantian Ethics
2.4Utilitarianism
2.5Euthanasia
2.6Business Ethics
2.7Meta-Ethical Theories
2.8Conscience
3Developments in Christian Thought
3.1Saint Augustine's Teachings
3.2Death & the Afterlife
3.3Knowledge of God's Existence
3.4The Person of Jesus Christ
3.5Christian Moral Principles
3.6Christian Moral Action
3.7Development - Pluralism & Theology
3.8Development - Pluralism & Society
3.9Gender & Society
3.10Gender & Theology
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1Philosophy of Religion
1.1Ancient Philosophical Influences: Plato
1.2Ancient Philosophical Influences: Aristotle
1.3Ancient Philosophical Influences: Soul, Mind, Body
1.4The Existence of God - Arguments from Observation
1.5The Existence of God - Arguments from Reason
1.6Religious Experience
1.7The Problem of Evil
1.8The Nature & Attributes of God
1.9Religious Language: Negative, Analogical, Symbolic
2Religion & Ethics
2.1Natural Law
2.2Situation Ethics
2.3Kantian Ethics
2.4Utilitarianism
2.5Euthanasia
2.6Business Ethics
2.7Meta-Ethical Theories
2.8Conscience
3Developments in Christian Thought
3.1Saint Augustine's Teachings
3.2Death & the Afterlife
3.3Knowledge of God's Existence
3.4The Person of Jesus Christ
3.5Christian Moral Principles
3.6Christian Moral Action
3.7Development - Pluralism & Theology
3.8Development - Pluralism & Society
3.9Gender & Society
3.10Gender & Theology
Practice questions on Good Ethics & Globalisation
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