International Business Ethics
A wildly held belief about the globalization of markets is that it has substantially decreased the autonomy of the nation-state resulting in a `race to the bottom ' - a dismantling of welfare states - by governments competing for mobile economic resources . For many globalization threatens the prosperity and stability that has characterized the advanced industrial countries since the Second World War , if not the legitimacy of the democratic state itself . Visions of widespread social upheaval abound , and they are often accompanied by pleas for international political

cooperation to regulate global
capitalism . The bottom line of the conventional wisdom is that there is a
fundamental mismatch between the global scope of markets and the national level
at which politics are organized . Something has to give , and most commentators
assume it will be the nation-state , de facto if not de jure
Globalization fosters an array of complex ethical dilemmas
where clear assessments and informed choice become difficult . Yet choices are
being made , by default if not intention . It affects how people think and
ultimately , how cultures evolve . Greater exchange of information symbols , and
ideas among once distant cultures can foster changes in the ways that individual
views their world and in the ways that people relate to one another as individuals
or groups (e .g , Kip 2000 John 1991
The ways that individuals view their world and the ways that
people relate to one another are in turn mediated by language , the embodiment of
a culture and the linguistic makeup of our planet have changed significantly in
the past few centuries . At the turn of the 15th century , humans spoke an estimated
15 thousand languages . Over the last five hundred years , that number hasdwindled to approximately 68 hundred , and of these , only a few are used in
international communication . Some estimates projects that...
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