Mainly, because, as globalization increases in our society, this will prompt new discussion around pros and cons. However, we are to remember that those who are in support of globalization are doing so because it supported the connected world. Thus, opening an avenue for organization and countries to remain competitive. IMF (2008) mentioned that globalization helps in promoting “efficiency through competition and division of labor” and gaining in depth knowledge of culture allows economies to concentrate on their strength. For example, China currently is benefiting from its power in the human capital while one may conclude that America is benefiting from the export of intellectual property. Although, when we examined the cons of globalization, the powers can be weakened mostly, if globalization is attributed to the spread of deadly diseases like HIV or the recent Ebola crises.
The growth of diseases around the world becomes a growing concern for economies when questions like this are asked. Do we stop the importation of food, from another region because of a disease outbreak? Should the inflow, of people be rejected from a certain location, due to the threat of an epidemic Indeed, the issue of violation of trade agreement will arise (Clark, Thibodeau and Grant, 2008)? However, to combat this disadvantage of globalization countries need to expand its expenditure on public infrastructure (NCBI, 2006). More so, if globalization is an advantage and leaves poorer countries at a disadvantage. How can we now justify why we should promote globalization since many schools of taught believe it does not strengthen equality (WorldBank, 2012; FreedomHouse, nd; CGD, 2007). Nonetheless, it is said to promote the spread of violence around the world, as companies take advantage without examining the consequences (Gunther, 2007).
In the case of violence, Gunther (2007) shared a good example how globalization promotes unrest. Mostly, because companies and countries explore the disadvantage of globalization to an advantage. And attributed to the lack of ethics, of corporate leaders, who handle business dealings. The ethical investing should be part of a school of taught, of globalization and embedded into the culture of an organization doing business locally and international solely because this focuses on the investor’s views on what is right and wrong. The case of Fidelity, it is in my concluding note that the CEO made the wrong choice of investing in Sudan. However, the leader at Fidelity believes that the social and political issue in Sudan was not for them to decide” (Eric, 2007; Marie, 2007). Mainly, because wherever organization could make a profit to an advantage, there shouldn’t be any barrier.
The mentioned raises questions on factors that lead to unethical behaviors by leaders. From this week discussion, one may see that this start with when a leader is unaware of the concept of ethics. Thus, an organization should ensure to teach organizational and behaviors. In an attempt, to increase the self-awareness of global leadership, which is part of competencies of a global leader. More so, since ethical and unethical issues are interpreted from multiple perspectives. Culture plays a significant role, in determining why some leaders may seem immoral. As Dennis, HungGay and Steven (1999) stated, culture is prominent in “forming the foundation of ethical behaviors.” The mentioned, also task leaders to increase the level of cultural competencies in translating how to engage in business around the globe.
Thus, individuals are aware of possible perceptions that may lead to conflicts (Hoogervorst, De Cremer and van Dijke, 2010). Although Fidelity benefited from the economy in Sudan with an increase in revenue, the ‘corrupting influence’ wasted the lives of thousands of people (Timothy, 2014). In Inc (2000) analysis, companies remain competitive and sustainable when they are ethical from all perspectives including financial and economic. As Antonio (2012) stated, in a Global context if Fidelity examined ethics from personal, organization and social perspective i.e. the leaders at Fidelity and workers are ethical; they would examine their investment in Sudan. Also, if Fidelity as an organization act in line with the ethical code of conduct, that would have evaluated the impact of its investment in Sudan. While, if the society acts in an ethical behaviour, the leader at Fidelity would have supported and responded with humanitarian relief to people of Sudan affected. Not forgetting, this was evaluated from a theoretical perspective and how ethics affects economic and political conditions (Antonio, 2012).
References
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