Finals

• Globalization, while offering numerous benefits such as economic growth and cultural exchange, also brings several ethical challenges and issues that need to be addressed
• Ethical Issues in Globalization


  • Reduction of Protectionism
  • Inequality of Power
  • Wealth Gap
  • Marginalization and Environmental Damage
  • Increase in Inequality
  • Global Problems as By-products
  • Poverty
  • Widening Income Gaps
  • Nutritional and Educational Deficits
  • WTO and Labor Rights
  • Decline in Demand for Unskilled Workers
  • Brain Drain
  • Exploitation of Natural Resources
• Protectionism


  Policies that restrict imports to protect domestic industries
• Reduction of protectionism must be applied fairly across all nations

  To avoid economic imbalances
• Real-Life Scenario: Reduction of Protectionism


  • Country A removing tariffs on agricultural products, while country B retains high tariffs on the same. Farmers in country A face unfair competition, struggling to compete with cheaper imports from country B.
• Inequality of Power


  The lack of trade unions or labor rights in certain regions leads to the exploitation of workers by multinational companies
• Real-Life Scenario: Inequality of Power


  • A textile factory in a developing country operates with minimal labor laws. Workers face long hours, low pay, and unsafe conditions, while the multinational company profits significantly from low production costs.
• Wealth Gap


  The disparity between the rich and poor remains vast, with a significant portion of the global population living in poverty
• Real-Life Scenario: Wealth Gap

  • In a globalized economy, the top 1% amass wealth through investments and capital markets, while billions of people live on less than $2 a day, struggling to afford basic necessities.
• Marginalization and Environmental Damage

  Economic globalization can marginalize the poor, destroy the environment, and harm cultures
• Real-Life Scenario: Marginalization and Environmental Damage


  • A mining company exploits natural resources in an indigenous community, causing environmental degradation and disrupting the traditional way of life, leading to loss of culture and livelihood.
• Increase in Inequality


  Globalization often leads to increased inequality, further impoverishing the poor while enriching the wealthy
• Real-Life Scenario: Increase in Inequality


  • A global tech giant establishes a branch in a developing country, creating high-paying jobs for a few skilled workers but leaving unskilled workers in low-wage positions, widening the economic gap.
• Global Problems as By-products


  Issues like pollution, resource shortages, global warming, and health hazards are exacerbated by the expansion of the global economy
• Real-Life Scenario: Global Problems as By-products


  • The rise of global tourism leads to increased carbon emissions and waste, contributing to climate change and environmental degradation in popular tourist destinations.
• Poverty


  Despite global economic growth, poverty remains a significant issue, with millions dying from preventable causes due to lack of resources
• Real-Life Scenario: Poverty


  • In many parts of Sub-Saharan Africa, people suffer from malnutrition and preventable diseases because economic benefits of globalization do not reach these areas adequately.
• Widening Income Gaps


  Income disparities grow both within and between countries, with wealthier nations and individuals benefiting more from global trade
• Real-Life Scenario: Widening Income Gaps

  • A recent UN study shows that while global trade increases overall wealth, the distribution is uneven. For instance, high-income countries benefit more from trade agreements than low-income countries, which struggle to compete.
• Nutritional and Educational Deficits

  Many people lack access to basic nutrition and education, exacerbating global inequalities
• Real-Life Scenario: Nutritional and Educational Deficits


  • In some developing countries, children drop out of school to work and support their families, leading to a cycle of poverty and limited opportunities for future generations.
• WTO and Labor Rights


  The World Trade Organization often ignores labor rights and environmental concerns, favoring economic growth over ethical considerations
• Real-Life Scenario: WTO and Labor Rights

  • A country facing WTO sanctions for labor violations may prioritize economic compliance over improving labor conditions, leading to ongoing worker exploitation.
• Decline in Demand for Unskilled Workers

  Technological advancements and international trade reduce the demand for unskilled labor, impacting employment opportunities for low-skilled workers
• Real-Life Scenario: Decline in Demand for Unskilled Workers

  • Automation in manufacturing reduces the need for manual labor, leading to high unemployment rates among unskilled workers in industrial regions.
• Brain Drain


  Talented individuals from developing countries migrate to developed countries for better opportunities, depriving their home countries of skilled professionals
• Real-Life Scenario: Brain Drain


  • A skilled doctor from a developing country moves to a developed nation for better pay and working conditions, leaving their home country with a shortage of medical professionals.
• Exploitation of Natural Resources

  Unsustainable exploitation of natural resources to meet global demands leads to environmental degradation
• Real-Life Scenario: Exploitation of Natural Resources

  • Tropical rainforests in Brazil are cleared for agriculture and cattle grazing, leading to loss of biodiversity and affecting global oxygen levels.
• Addressing Ethical Issues


  • Fair Trade Practices
  • Environmental Protection
  • Support for Developing Countries
• By addressing these ethical challenges, globalization can become a more inclusive and sustainable process, benefiting all sections of society
• Filinnials, a term denoting Filipino Millennials, and Millennials globally face distinct challenges shaped by their unique generational characteristics and the evolving socio-economic landscape
• Generational Characteristics


  • Gen Z, iGen, or Centennials: Born 1996 and later
  • Millennials or Gen Y: Born 1977 to 1995
  • Generation X: Born 1965 to 1976
  • Baby Boomers: Born 1946 to 1964
  • Traditionalists or Silent Generation: Born 1945 and before
• Traits of Millennials


  • Increased use and familiarity with digital technologies
  • High trust in online sources like Google and Wikipedia
  • More liberal approach to politics, economics, and morality
  • Traits include being special, sheltered, confident, team-oriented, conventional, pressured, and achieving
• Ethical Outlook of Millennials


  • They are often more open-minded and progressive on controversial topics compared to previous generations
  • They support access to affordable contraception and, in many cases, view abortion as a responsible decision in certain situations
  • They exhibit a mix of pro-life and pro-choice stances, showing diverse perspectives on ethical issues
• Cultural Identity of Millennials


  • They grew up during the rise of the Internet, influencing their cultural consumption and communication styles
  • They are the most ethnically and racially diverse generation, often embracing diversity and inclusion
• Real-Life Scenario: Ethical Outlook and Cultural Identity of Millennials


  • A millennial in the Philippines might use social media to advocate for social causes like gender equality or climate action, leveraging their digital literacy to mobilize support and create awareness.
• Workplace Traits of Millennials

  • They are tech-savvy, value diversity, and excel in multitasking
  • They demand immediate feedback, recognition, and integrate technology into their work
  • They often have short attention spans and are perceived as less loyal to organizations
• Ethical Workplace Behavior of Millennials

  • They are more likely to report unethical behavior in the workplace, such as discrimination, resource abuse, and falsifying reports
  • They expect close relationships with supervisors and frequent feedback, associating job satisfaction with strong connectivity and immediate feedback
• Real-Life Scenario: Workplace Traits and Ethical Behavior of Millennials


  • A millennial employee at a tech startup may expect regular check-ins with their manager and appreciate open communication channels. They might also advocate for ethical business practices, ensuring the company upholds high moral standards.