Business Ethics

Three ethical issues resulting from globalization is selling of trades, compromising of national securities, and businesses moving to other countries. The selling of trade among countries have many risk involved. One risk that could occur is the need of things being traded international. The need of low cost yet good merchandise from foreign countries will increase, and the receiving country will not gain anything. This causes the receiving country to stop their overall manufacture of products as well. It could also cause a less refined country to send all unprepared products to other countries too early in advance.

The risk of compromising national securities consists of economic problems, labor problems, and business management prospects. When it come to national securities globalization among foreign countries consist of governmental, lawful, managerial, and functional dilemmas. The financial aspect of it can also play a huge part in things being done risky. Foreign countries also have restricted amount of information when it comes to this as well. The way money is converted also play a major role in this process too.

The disadvantage of moving a business international is money variation. This could cause a delay in things being processed. For example, if payment is not made on the spot the processing procedure could get confusing due to the exchanging amounts. This could cause the entire process to get very ugly among each party involve. Money variation could also effect business rivalry. Money variation plays a huge role in business acceptance into other countries. In many countries the US dollar is looked down on because it is worthless in some countries.