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The purpose of this paper is to introduce, discuss, and analyze the topic of globalization. Specifically discusses the ethical issue of outsourcing, or sending jobs overseas, and its affects on the world economy and cultures. Outsourcing has become a very common practice in the 21st century and is quite simply the practice of sending jobs to remote call centers and other locations in foreign countries, while eliminating jobs in the United States. The paper further discusses how the ethical issues surrounding outsourcing and the resulting globalization are complex, and pose risks and consequences for the companies who choose to do it.
From the Paper:"The first ethical concern companies have not been addressing is the failure to address the concerns of U.S. employees who lose their jobs as a result of outsourcing. One expert writes, "The plight of the people being laid off is cause to wonder whether other considerations, traditionally omitted from the balance sheet, should be examined -- considerations such as ethics" (Breslin, 1999, p. 24). Often, these outsource victims cannot find another job, or a job that pays what their previous position paid. Author Breslin continues, "From a financial perspective, some employees who are forced to take jobs in private industry lose their retirement and health insurance benefits as well as witness a reduction in salary, even after factoring in severance" (Breslin, 1999, p. 27). These separated employees may never reach the standard of living they enjoyed when they were employed, but worse, their layoffs will trickle down into the community, as the current economic meltdown has shown. Gradually, as more people lose their jobs, they stop buying consumer goods, and the entire economy suffers. Many large corporations have outsourced entire operations and the communities have suffered because of their outsourcing."
Sample of Sources Used:
- Breslin, D.A. (1999). On the ethics of outsourcing. Retrieved 1 Oct. 2009 from the Defense Acquisition University Web site: http://www.dau.mil/pubs/pm/pmpdf99/breslind.pdf. 24-27.
- Kline, J. M. (2005). Ethics for international business: Decision making in a global political economy. London: Routledge.
- Shamis, G. S., Green, M. C., Sorensen, S. M., & Kyle, D. L. (2005). Outsourcing, offshoring, nearshoring: What to do? Journal of Accountancy, 199(6), 57+.
Cite this Term Paper:
Ethics and Globalization (2012, May 02) Retrieved August 13, 2022, from https://www.academon.com/term-paper/ethics-and-globalization-150915/
"Ethics and Globalization" 02 May 2012. Web. 13 August. 2022. <https://www.academon.com/term-paper/ethics-and-globalization-150915/>