Xmgt 216 Week 8 Checkpoint Business Ethics And Globalization

Adam UgaldeXMGT / 216 Organizational Ethics and Social ResponsabilityWeek 8 CheckPoint: Business Ethics and GlobalizationCarol Dimopoulos9 / 7 / 2012Globalization is a process of interaction and integration among the people, companies, and governments of different nations. It is a process driven by international trade and investment, which is aided by information technology. The process of globalization has effects on the environment, culture, political systems, economic development and prosperity, and on our physical well-being in societies around the world. Because many businesses have been faced with increased competition in the global market place, they are trying to find new ways to be more cost effective. However, when an American business does decides to do business in a foreign country, there are a number of different ethical issues that brings major concern to many. When an American business decides to do business overseas their motives may be in question because when an American business pays its workers in foreign countries, local market wages they are viewed as exploiting the people of that country for the companies benefit; not that of the people in that country. Another ethical issue resulting from globalization is the work conditions in