PHL 323 Week 3 Team - Current Ethical Issue in Business Learning

Apr 4th, 2015
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University of Phoenix
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Business Ethics PaperUniversity of PhoenixETHICS IN MANAGEMENTPHL/323Business Ethic Issue the Ethical Dilemmas of Globalization The dynamic force of globalization will continue to change our perceptions, as it reshapes our lives, the way we make a living and the way we relate. The changes are economic, technological, cultural and political. Incidentally, Karl Marx, in the Communist Manifesto predicted that the relentless search for markets will alter older social structures, because the gap of the poor and rich people is still very large.The Issue There are a few issues here that can be addressed. First, is the economic impact of globalization in free trade, and the second issue is, the effect this has in creating a very large gap between the rich and poor worldwide. Also, are labor rights and conditions being ignored along with the environment in lieu of free trade? Basis of The Issue It seems the basis of this issue is the World Trade Organization (WTO). According to wto.org "the goal is to help producers of goods and services, exporters, and importers conduct their business, while allowing governments to meet social and environmental objectives" (World Trade Organization, 2012), but is this happening? The United Nations reports that the gaps in income between the poorest and richest countries continue to widen, and as the gap in countries widen so does the gap between individuals.Environmental degradation could also impact productivity through damage

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