Chapter Five

Globalization and Business Ethics


Today, commerce, be it industry, trade or mutual exchange, has truly become global. No country, however well endowed in terms of human and natural resources, can afford to be isolated and claim to be self-sufficient. Human wants have expanded and increased so much that no economy fulfils all the needs and wants of its constituents on its own. Added to this is the fact that there is a lot of difference between countries in terms of natural resources, the degree of development, incomes and their distribution, increasing pent-up demands and so on. Communication explosion too has added its own dimension in as much as it has exposed the people of poor countries see for themselves the affluence ...

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