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Globalization and the Failure of Ethics

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  • Velasquez, Manuel

Abstract

As the 21st century breaks upon us, no ethical issues in business appear as significant as those being created by the rapid globalization of business. Globalization has created numerous ethical problems for the manager of the multinational corporation. What does justice demand, for example, in the relations between a multinational and its host country, particularly when that country is less developed? Should human rights principles govern the relations between a multinational and the workers of a host country, and if so, which principles are the correct ones? How should a multinational deal with a government in which corruption is rife? What are the ethical considerations involved in determining whether and how to transfer a risky technology to a country whose people may not be able to safely absorb that technology? What kind of labor and environmental standards should a multinational adopt when operating in a country whose government legislates only very low standards?

Suggested Citation

  • Velasquez, Manuel, 2000. "Globalization and the Failure of Ethics," Business Ethics Quarterly, Cambridge University Press, vol. 10(1), pages 343-352, January.
    • Handle: RePEc:cup:buetqu:v:10:y:2000:i:01:p:343-352_00
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    Citations

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    Cited by:

    1. Lindsay Thompson, 2010. "The Global Moral Compass for Business Leaders," Journal of Business Ethics, Springer, vol. 93(1), pages 15-32, June.
    2. Elisa Giuliani, 2016. "Human Rights and Corporate Social Responsibility in Developing Countries’ Industrial Clusters," Journal of Business Ethics, Springer, vol. 133(1), pages 39-54, January.
    3. Sven Horak, 2018. "Join In or Opt Out? A Normative–Ethical Analysis of Affective Ties and Networks in South Korea," Journal of Business Ethics, Springer, vol. 149(1), pages 207-220, April.
    4. Silviya Dimitrova, 2017. "Ethical Issues in Multinational Companies' Business," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, issue 1, pages 224-236, November.
    5. Muhammad Rhies Khan & Mustaghis-Ur Rahman & Anita Laila & Ali Gohar & Sana Azhar, 2023. "Maintaining Business Ethics during COVID-19 Pandemic in Globalized World: A Comparison of Ethical Theories and Future Research Perspective," Journal of Economic Impact, Science Impact Publishers, vol. 5(1), pages 42-49.
    6. Samir Shrivastava & Robert Jones & Christopher Selvarajah & Bernadine Gramberg, 2016. "Organisational Justice: A Senian Perspective," Journal of Business Ethics, Springer, vol. 135(1), pages 99-116, April.
    7. Davide Fiaschi & Elisa Giuliani, 2011. "The impact of business on society: exploring CRS adoption and alleged human rights abuses by large corporations," LEM Papers Series 2011/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    8. Susan Harmeling & Saras Sarasvathy & R. Freeman, 2009. "Related Debates in Ethics and Entrepreneurship: Values, Opportunities, and Contingency," Journal of Business Ethics, Springer, vol. 84(3), pages 341-365, February.
    9. Muel Kaptein, 2017. "The Battle for Business Ethics: A Struggle Theory," Journal of Business Ethics, Springer, vol. 144(2), pages 343-361, August.

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