2. The moral dilemmas of globalization

• 2.1. Labor standards. In the 1960s and 1970s, companies in developed economies began to relocate production facilities and contracting in emerging countries to cut labor costs [6].
• 2.2. Environmental standards.
• 2.3. Human rights.
• 2.4. Cultural diversity.
• 2.5. Corruption.

What are ethical issues in global business?

Some of the most common ethical issues in international business include outsourcing, working standards and conditions, workplace diversity and equal opportunity, child labor, trust and integrity, supervisory oversight, human rights, religion, the political arena, the environment, bribery and corruption.

What is an example of an ethical issue?

Some examples of ethical dilemma examples include: Taking credit for others’ work. Offering a client a worse product for your own profit.

What is the role of ethics in globalization?

The Importance of Ethics They fall into three categories: code and compliance, destiny and values, and social outreach. When working globally, ethics also include respecting differences between co-workers, honest communication in the workplace, and trust.

What kind of problems globalization give us?

Globalization presents challenges for developed countries as well. It has been blamed for high unemployment in Europe and the stagnation of real wages in the United States. But increased competition from imports is at most a secondary explanation for the decline in real wages of less skilled American workers.

Who is root cause of unethical?

What Are Psychological Traps and Why Do They Exist? Psychological traps are the root causes of unethical behavior. Because they are psychological in nature, some of these traps distort perceptions of right and wrong so that one actually believes his or her unethical behavior is right.