Chapter 11 Text Work
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This document provides guidance for a social studies assignment on the key issue of the extent to which globalization contributes to sustainable prosperity for all. It defines important terms related to economic globalization and trade. It also lists opinion questions about whether developed countries should help less developed countries, how large debts can hurt environments, whether poorer nations should pay odious debts, and why it's important to consider different nations' situations regarding globalization issues.
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BUSINESS ETHICS AND STAKEHOLDER
MANAGEMENT IN THE GLOBAL
ENVIRONMENT
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Ethical Insight 8.1
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OPENING CASE
The new global economy is no longer comprised of separate economies per country or region;
instead, it has become a complex grid of interconnected networks of resources. Advances in
technology have made it possible for “money, goods, data, and people to cross borders in huge
volumes and at unprecedented speed. Since 1990, trade flows have grown 1.5 times faster than
global GDP. Cross-border capital flows have expanded at three times the rate of GDP
growth.”1 Consider that now “only one in ten US dollars in circulation today is a physical note
Weiss, Joseph W.. <i>Business Ethics : A Stakeholder and Issues Management Approach</i>, Berrett-Koehler Publishers, Incorporated, 2014. ProQuest Ebook Central,
http://ebookcentral.proquest.com/lib/apus/detail.action?docID=1565988.
Created from apus on 2019-06-30 14:39:06.
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A
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s
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– the kind you can hold in your hand or put in your wallet. The other nine are virtual. Estimates
by Cisco Systems suggest that in 2009, global data flows expanded by nearly 50 percent. In
China alone, more than 150 million new people connected to the Internet in 2009, giving that
country a digital population almost as large as the world’s biggest socialnetworking site,
Facebook.” Emerging markets—like Brazil, China, and India—are strongly impacted by this
new global grid. “The explosion of mobile networks is giving billions of people their first real
entry point into the global economy, helping them become more informed consumers,
connecting them with jobs, and providing much better access to credit and finance.”2
Consider also the impact globalization has on the business community. A growing global
information grid directs companies toward new innovations and connections to the Internet.
John Deere tractors, for example, are equipped with GPS guidance systems “to apply
fertilizers to cropland precisely. TomTom has created systems of ‘smart’ traffic lights that
improve traffic flows. Nortura, Norway’s largest food supplier, uses radio-frequency
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8BUSINESSETHICSANDSTAKEHOLDERMANAGEMENTINTHEGLOBAL.docx
8
BUSINESS ETHICS AND STAKEHOLDER
MANAGEMENT IN THE GLOBAL
ENVIRONMENT
8.1 The Connected Global Economy and Globalization
Ethical Insight 8.1
8.2 Managing and Working in a “Flat World”: Professional Competencies and Ethical Issues
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8.3 Societal Issues and Globalization: The Dark Side
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OPENING CASE
The new global economy is no longer comprised of separate economies per country or region;
instead, it has become a complex grid of interconnected networks of resources. Advances in
technology have made it possible for “money, goods, data, and people to cross borders in huge
volumes and at unprecedented speed. Since 1990, trade flows have grown 1.5 times faster than
global GDP. Cross-border capital flows have expanded at three times the rate of GDP
growth.”1 Consider that now “only one in ten US dollars in circulation today is a physical note
Weiss, Joseph W.. <i>Business Ethics : A Stakeholder and Issues Management Approach</i>, Berrett-Koehler Publishers, Incorporated, 2014. ProQuest Ebook Central,
http://ebookcentral.proquest.com/lib/apus/detail.action?docID=1565988.
Created from apus on 2019-06-30 14:39:06.
C
op
yr
ig
ht
©
2
01
4.
B
er
re
tt-
K
oe
hl
er
P
ub
lis
he
rs
, I
nc
or
po
ra
te
d.
A
ll
rig
ht
s
re
se
rv
ed
.
– the kind you can hold in your hand or put in your wallet. The other nine are virtual. Estimates
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country a digital population almost as large as the world’s biggest socialnetworking site,
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This chapter introduces the key concepts of international finance and sets the stage for the rest of the text. It distinguishes international finance from domestic finance by outlining special risks and market imperfections faced by multinational firms, including foreign exchange risk, political risk, and transaction costs. It also discusses the goals of international financial management, focusing on maximizing shareholder wealth. Additionally, it covers trends driving globalization like increased trade, financial market deregulation, and privatization, as well as the rise of multinational corporations operating across many countries.
03 growth and the less-developed countries
The document provides an overview of key concepts related to economic growth and development in less developed countries. It defines important terms like GDP per capita, industrially advanced countries, and less developed countries. It also discusses factors that influence economic growth like natural resources, investment, and political stability. Additionally, it examines challenges faced by less developed countries like the vicious cycle of poverty and how foreign aid and loans can help countries invest and develop their economies.
Development theories
Modernization theory posits that countries must undergo scientific and technological advancement to become modernized and increase living standards, with the West's role being to invest in developing countries' factories, education, and media to disseminate modern ideas. It has been criticized for being ethnocentric and for ignoring inequality. Dependency theory argues that the rich world's development was achieved through exploiting the developing world, making them dependent on imports and aid. World systems theory asserts that a global capitalist economy has existed since the 16th century, with some countries forging ahead to form the wealthy core region and the periphery specializing in raw materials.
Presentation 11
This paper discusses globalization and its effects. It defines globalization as increased cultural and economic exchange between societies globally. Key points discussed include how globalization leads to integrated global markets and opportunities for trade, but can also increase inequality between rich and poor nations. Globalization is enabled by lowering trade barriers and advancing technology. While free flow of ideas and access to new markets are benefits, challenges include growing inequality and some developing nations being left out of the process. Overall, the paper argues that globalization can intensify cultural and economic relations between countries when used properly.
A2 CAMBRIDGE GEOGRAPHY: GLOBAL INTERDEPENDENCE - DEBT AND AID AND THEIR MANAG...
The document discusses various issues relating to debt and international aid for developing countries. It explains that many poor countries face large debt burdens that consume a significant portion of their export earnings. While debt relief programs have helped reduce this burden to some extent, critics argue that more should be done. The document also discusses different types of international aid and debates around its effectiveness and potential drawbacks, such as creating dependency.
Economic Development (Introduction)
Rostow's stages of growth model proposes that countries progress through five stages of development: traditional society, preconditions for take-off, take-off, drive to maturity, and high mass consumption. However, the model is criticized for being too simplistic and not accounting for necessary infrastructure and the efficiency of investment. Market-based models argue development is determined by free market forces, but fail to address problems of market failure, inequality, and lack of infrastructure. Dependency theory suggests international dominance and protectionism prevent poorer nations from developing, though it offers no solutions. Structural change models emphasize encouraging workers to shift from low-productivity agriculture to higher productivity industry, but labor reallocation is not always productive and wealth may not
Economic Development Introduction
Rostow's stages of growth model proposes that countries progress through five stages of development: traditional society, preconditions for take-off, take-off, drive to maturity, and high mass consumption. However, the model is criticized for being too simplistic and not accounting for necessary infrastructure and the efficiency of investment. Market-based models argue development is determined by free market forces, but fail to address problems of market failure and inequality. Dependency theory suggests international dominance and protectionism prevent poorer nations from developing. Structural change models emphasize encouraging workers to shift from low-productivity agriculture to higher productivity industry.
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Chapter 11 Text Work
- 1. Social 10-2 Text Assignment Key Issue: To what extent does globalization contribute to sustainable prosperity for all people? Guiding Question: Why are there different understandings of economic Globalization? Key Terms: - WTO - NAFTA - GATT - Anti-Globalization - FTAA - G8 - FTA - Tariff - Trade Blocs - Free Trade - Trade Liberalization - HIPC - Exchange Rates - IMF - World Bank - Bretton Woods Agreement Opinion Questions: a. Should governments of more developed countries share their wealth with less developed countries? Why or Why not? b. How might large debts have a negative impact on the environments of less developed countries? c. Do you think it makes sense for poorer nations to be forced to pay “odious” debts to richer nations of the world? d. Why is it important for us to consider the situations of more and less developed nations when considering the issues surrounding “economic Globalization”?