Challenges of a Global Business Essay

In this report I am going to define the meaning of Globalisation and assess the impact of globalisation on the way the business operate.

At the beginning of the 21st century, with the globalised world, there is an increase in policies which better protect human rights, especially women and children. However, exploitation and abuse are still daily happening. According to The National Child Labor Survey, 3.3 million children between the ages of 5-14 in Pakistan have to work in farms or factories many hours per day which is hazardous and low-paid. However, this issue is still ignored. (Ahmad et al. 2011). Therefore, whereas most believe that globalisation will help improve both the economy and living standards, the others

Often times the very workers that make globalization possible are the ones being mistreated and are being adversely affected by it. Steps must be taken to fix the moral oversight of globalization. Specifically I would like to look at the use of illegal immigrants to reduce the wages of workers. I want to look at the use of unfair competition to put the workers, farm workers in particular, in a very disadvantaged position. Steps can be taken to make the situation more just for all parties, but it may take a change in Mexican-American border policy.

Globalization and sweatshops are in some way positive and universal, but only given that free trade is provided. Governments can sometimes reduce the freedom of trade with very strict regulations. Such as designating what products are considered pharmaceuticals, and the only way that one could import these into the country is by being qualified, by the government, in medicine or pharmacy. Some of these laws set by the government are so strict that it almost seems like another prohibition, but with

There are many different meanings to the term globalization, yet the constant throughout each meaning is the fact that globalization creates interconnectedness among citizens of the world that has not been experienced at such levels previously. Globalization as a theory is often applauded because it allows for a diffusion of knowledge as well as an increase in opportunities for most people. It does indeed create vast amounts of opportunities for both genders, yet it is biased to developed and industrialized nations. Globalization is hugely discriminatory against unskilled workers, most prominently women and children. In most countries, women

For example, many U.S jobs offer shift differential for employers who work the “graveyard shifts”. Of course, some may prefer sleeping at night but they take the alternative for the extra income. It is not out of the ordinary for workers in these developing countries to tolerate poorer working conditions for higher pay. It is important for activist to include the economy of these developing countries when considering the demolishment of sweatshops. Not only are the employees benefited with income, their economies gain and grow.

It is very sad that our civilization place the human rights of companies or corporations to profit over human and labor rights. In the Western World, some of the working condition and wages are not the best for any human being to experience. This types of conditions hurts the poor and the richer keeps getting richer. Bottom line the globalization is not up to par with what was intended to be,in fact, it is a major problem that what it was expected.

Which is cost difference determines the patterns of international trade. Absolute advantage is trade benefits when each country is at least cost producer of one of the goods being traded. In the 1800s, David Ricardo developed the theory of comparative advantage to measure gains from trades. This theory is based on comparative advantage and it states each nation should specialize in production of those goods for which its relatively more efficient with a lower opportunity cost.

“Globalization means different things to different people,” so therefore individuals have their own standpoints regarding various things. In this case, an issue that has arisen is the allegation of mistreatment of employees in developing countries. Slimline is an apparel manufacturer in Sri Lanka, which does business disparately. The company employs 5000+ employees, whom help produced $50 million worth of apparel annually. In this company, the entry level wages are set higher than the local markets and to mention that some of their employees have undergraduate and graduate degrees. Slimline does not have the typical

2. How would leveraging capabilities with respect to the Indonesian market differ between an Australian/New Zealand producer of computer software and an Australian/New Zealand manufacturer of automotive parts?

Consumers are becoming increasingly aware of the vast range of goods produced overseas and the often horrifying conditions under which workers labored to produce them. College students, activists, and certain scholars were quick to condemn “Sweatshops” and the multinational companies (MNC’s) that used them. However, this initial moral condemnation was based more on a natural sense of horror than moral reasoning, and critics often demonstrated a lack of sensitivity to both the underlying economic conditions that gave rise to the sweatshop phenomenon and to the beneficial consequences of sweatshops for both their employees and the broader economies in which they functioned. As a result, many economists quickly leapt to the

Critics of globalization often decry about the exploitation of Chinese workers who are forced to endure harsh working condition and other violations of human rights. From

International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international business ethics discussions on the question of how to act in the home country as opposed to the host country is at the central point of most international corporations. The argument in question is how companies should practice their business according

Apple Inc. was founded in 1977. To date, this company has continually offered a wide range of products to meet the growing demands of customers all over the world. Apple not only produces and sells computer software and cellphones; they also distribute consumer electronic products around the globe. Increasing the value of shareholder and coming up with new inventive products is a constant process for Apple, and Apple continues to do so with their popularity around the world with about 301 store locations in 10 different countries. Aside from all of

Globalization can be seen as a major threat for manufacturing jobs in the developed world, however, can also be a benefit for developing world citizens who receive thousands of jobs a year although they don’t receive a high salary. Maurice Allais, a French economist states that this unemployment, of course, has only been able to develop because of the existence of low salaries and insufficient flexibility in the labor market (April 10th, 1999). This indicates that globalization has jeopardized Western countries jobs because companies are moving their establishments to developing countries where they don’t need to pay employees as much and where land is cheaper so overall businesses benefit from this. Also, employees in the developed world are at risk of becoming redundant as they are susceptible to face pay cuts in jobs. Employees are less skilled in the developing world as they don’t receive the benefit of an education like developed countries do. So a company may want to build factories in these countries because environmental laws aren’t as strict. Establishments in these areas provides promising jobs for the local people and allows them to learn new skills, however they are set on minimum wage which in developed world countries, this would not be enough to live on, wherein third world countries this is still a low amount so this is not enough to bring them out of poverty meaning that the only one who benefits from this is the company. Although there have been several arguments against exploitation and oppression, the majority of developing countries do not have existing laws which take minimum wage