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MGT610 - Business Ethics Graded Discussion Board # 01 Opening Date: 02 May 2017 Due Date: 07 May 2017

GDB Dated: May 02, 17

Course Title: Business Ethics

Course Code: MGT610

Graded Discussion Board

Marks: 10

GDB 1

Learning Objectives:

  • To develop understanding about Globalization
  • To have in-depth analysis of ethical perspective of globalization

 

Opening Date: 02 May 2017

Due Date: 07 May 2017

Title: Globalization; An ethical Perspective 

Activity Objective:

To make students understand the concepts of Globalization and its ethical perspective

Learning Outcomes:

After attempting this activity, student will be able to understand the concept of globalization in the light of business ethics. It also helps them to understand the critical views about globalization.

 

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.

 

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Replies to This Discussion

Give some idea please

kuj sochny dy :P 

inny ajeeb ajeeb questions krty hy jesy hum koi bht bara organization chala rahy ho or sb pta ho humy 

In My Opinion this argument is justified coz.......

 (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)

Write something like that to justify yr answer

or write not justified and give some positive impacts of globalization 

 

best of luck 

anyone else has the opinion about this scenario so plz share...:)

195 viewer par sabi khamosh :x 

koi solution nhe is bary m??

nope sir do it by yrslf i sbmtd mine one :x not justified :x

toba hy 310 main sy kisi 1o bando ny b koshish ki hoti to ik acha solution mil skta tha , 

par sabi khamosh viewers , 

Concern for the local business In the area, in which factories and offices are located, it pays to develop a harmonious relationship with the local community apart from providing employment to local people and in addition, every company can contribute to some social cause.

Discuss please i m wrong or not

The globalization is an hardly working and very helpful in our developing countries but sometimes they do not understand and does not controlled by the people and the people has not satisfied this globalization. The globalization is a matter of life and death. It is both an urgent global challenge field. This deal of nonsense has been written about the so called ant globalization movement, the more radical and direct action of it. The National economics are linked through trade in goods and services, cross bordering flows of financial assets, and labor migration. International economics intergration is the process by which reducing barriers between National economics strengthens these ties. In the economics  intergration traditionally has been associated with explicit Government actions to lower tariffs and other artificial barriers to the International movement of goods, services. Which as recent advance in communication and information technologies have also promoted economics integration by enhancing knowledge of and foreign consumers and products.

The greatest beneficiaries of globalization are the long-suffering consumers in those nations that had been “protected” from global competition. Globalization expands the range of choice, improves product quality, and exerts downward pressure on prices. It delivers an immediate gain to workers by raising the real value of their wages. It transfers wealth from formerly protected producers to newly liberated consumers, with the gains to consumers exceeding the loss to producers because the deadweight losses to the economy are recaptured through efficiency gains.

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