Globalization Of The United States Essay - 1744 Words

Imagine a world where trade was not allowed. If someone wanted an apple then they would have to wander until they found an apple seed, plant and grow the tree using the rain they gathered from hand-made cups or barrels, and wait for years until the tree brought forth fruit. In order to build a house, this person would have to cut down trees with an axe that they forged and built themselves, then they would have to make mud to hold the lumber together so that they could build the house. Forget about electricity, cars, cell phones, or any luxury item, because none of these things would be effective without trade. Fortunately, we live in a time when trade is widely accepted across the world. Generally, countries that have free market (or free trade) economies are far richer than countries with mostly government-controlled economies (Wheelan 273-274). Outsourcing and free trade are opposed by many, and they have their negative effects. However, the United States as well as developing cou ntries can benefit by furthering globalization, free trade, and integration into the world economy. The dictionary defines globalization as â€Å"the process in which people, ideas and goods spread throughout the world, spurring more interaction and integration between the world s cultures, governments and economies.† I believe that globalization between the United States and poorer countries (hereafter called developing countries) can improve both the economy of the States, as well as the economyShow MoreRelatedGlobalization Of The United States853 Words   |  4 PagesGlobalization Globalization is a result of each country around the world, depending on one another for certain products as well as needing them to buy specific exports. Without it, no country can flourish and with it, there will always be inequality. It is something that is vital to our country as well as those around the world. The risk of inequality is outweighed by the possible benefits of globalization. After World War II, the United States began rebuilding itself and the economy. Along withRead MoreGlobalization Of The United States850 Words   |  4 Pageshas yet to be constituted. Although not only the United States, but the entire world has globalized, it’s been proven that first world countries have an advantage in being able to heighten themselves quickly, opposed to third world countries that trail behind. Former U.S. Secretary of State, Henry Kissinger, stated, â€Å"What is called globalization is really just another name for the dominant role of the United States† (Prompt), proving that globalization sets a fine line between the perks of those fortunateRead MoreGlobalization Of The United States1377 Words   |  6 PagesThe United States is often defined as a â€Å"capitalist† economy, a concept created by a German economist and social theorist Karl Marx, to define a system in which a minor group of persons, who regulate large quantities of capital, create the most important economic decisions. Sometimes capitalism is known as a â€Å"global system of abuse† because at times capitalism is centered on violence and submission. Capitalism puts enormous pressure on society to make capital. In the United States have seen a lotRead MoreGlobalization Of The United States1513 Words   |  7 PagesThe United States, was once a rather competitive country that other countries in the world tried to imitate. No more does this stand true. As of March 10,2016 Pope stated that, â€Å"the trade deficit in goods was approximately $930 billion, or 1.3 percent of gross domestic product† (Pope, 2016). This trade deficit that we are experiencing is of course business as usual. Specifically, this deficit has occurred since 1975 (Pope, 2016). However, the United States can highlight certain industries that weRead MoreThe Globalization Of The United States959 Words   |  4 Pagesï  ® Marco Rubio is the candidate running for president . ï  ® Rubio has many ideas for America, but the one that stands out the most is protecting the economy in a globalized world; and in order for that happen it has to deal with foreign policy because it play a central role. The main solution for this to happen is to modernizing America system will grow the economy and that will create jobs for America. This is because the modernization of America legal immigration system wills a benefit for AmericaRead MoreImpact Of Globalization On The United States1454 Words   |  6 PagesGlobalization is an extremely relevant concept in regards to the current shape of the world. Through globalization, ideas are shared across cultures leading to innovations in several departments. I would like to give an overall view and perspective of the impact of globalization on the United States from a macro look at how globalization is now shaping America. Likewise, I will discuss in more detail how globalization has impacted the United States as it relates to technology, trade, transportationRead MoreThe Faitlures of Globalization in the United States589 Words   |  2 PagesGlobalization is a concept that we have heard for years, but is not until recent years that we had studied and analyzed the benefits and issues of this international term. During years, it has been discussed the implications that globalization has had in some countries, more or less of them in a decent way and some of them in a corrupted way. Since young, political figures have taught about the role of the United States in the world and how they promote the expression freedom and success around theRead MoreGlobalization On The Rise Of The United States1445 Words   |  6 PagesWith globalization on the rise, many immigrants are migrating to America to follow the American dream; however, many xenophobes in America are against this. They promote hate crimes, therefore, the destruction of other races and religions that are not like their own. Recent rises in immigr ation to the United States has seemed to spark some hate crimes around the country; especially after the September 11th attacks occurring in 2001. Many people today still have a hard time accepting this movementRead MoreEffects of Globalization: Globalization and the Effects on the United States Economy1713 Words   |  7 PagesGlobalization has affected every aspect of the business community in one way or another. Globalization in a simple sense is a business’s movement from one country to another. This is done for a number of reasons; amount of readily available resources, labor market, increased number of customers, and to ultimately become more profitable. There is a decisive advantage for a business to move overseas, but there are a number of drawbacks globalization creates on the local economy. When businessesRead MoreThe Economic Globalization Of The United States1102 Words   |  5 PagesThe economic globalization of any given county is the increase of economic integration of the nation in the world’s economy and is the result of cross-border movement of goods, services, technologies and capital. Economic globalization has been seen to help developing countries arrive at a more stable and stronger economic because of its positive effects on crucial issues such as GDP, and their trade as well as their special interactions with different countries, such as the joining of the European

Encyclopedia of Business Ethics and Society

Question: Discuss about the Encyclopedia of Business Ethics and Society. Answer: Introduction: Isabel Arnett made the decision to refuse the permit people to conduct extra investigation within the corporation in order to revise the possible negative effects of Kafluk as she did not provide with the side effects of the vaccine. Also, the was aware that if so many people were falling sick and were getting harmed by the vaccine then it may have certain negative effects which would harm his reputation and his business. Therefore, it was considered to be against the business ethics that it only thought about profit of the organization whereas if she would have followed the ethical way then it would have made the decision in the favor of the community at large. There have been a number of reasons as per which such ethical issues occur in the business but in this case the main reason was the motive of earning profit. Arnett only thought about making large profits so it manufactured a vaccine so that the bird flu which was prevailing in the state could be secured. As, if all the corporations strictly adhere to the aim of maximizing their profit then they would not welfare the community at large and would only focus on their own welfare. Also employing in unethical acts means that the corporation could not get away with it i.e. no individual would ever gain knowledge of their immoral events (Ali, 2015). No, an individual who stick on to the standard of privileges in order to believe it ethical for Arnett to not to reveal the probable security apprehensions and decline to execute supplementary investigation on Kafluk. As they suppose that a major issue in shaping whether a trade verdict which was taken was ethical or not would be decided by affirming that how the decision affects the privileges of other individuals. Other individuals include the customers, employees and society as whole. And in this case only private profit making was the basis upon which decision was taken and the welfare of society was averted. So, the decision would be unethical (Kolb, 2008). Even if Kafluk would have prohibited 50 Asian individuals who were contaminated with bird flu from failing then also, it would not have changed the ethical consideration in this scenario. It was not modified because the Duty Based ethics of the trade states that traditionally when the standard of behavior derives from revealed truths, religious authorities it involves the concept of right and wrong. Therefore, it could be stated that the decision even if individuals were protected by the vaccine but the decision taken would still be considered as unethical and against the business (Weiss, 2008). No, Tamik or Arnett did not contravene the Foreign Corrupt Practices Act in this case as the Act specifically prohibit the bribery of most of the officers of foreign administrations if the aim of making imbursement was to motivate the officer to grant trade opportunity which did not take place in this case. In this case only welfare of community as a whole was suppressed by profit making of the organization (Clarkson, et al., 2014). References Ali, A.J. (2015). Handbook of Research on Islamic Business Ethics Research Handbooks in Business and Management series. UK: Edward Elgar Publishing. Clarkson, K.W., Miller, R.L., Cross, F.B. (2014). Business Law: Text and Cases. (13th ed.). USA: Cengage Learning. Kolb, R.W. (2008). Encyclopedia of Business Ethics and Society, Volume 1 A Sage reference publication Encyclopedia of Business Ethics and Society. California: SAGE. Weiss, J. (2008). Business Ethics: A Stakeholder and Issues Management Approach. (5th ed.). USA: Cengage Learning.