WEEK2 Flashcards
(10 cards)
What is globalization’s impact on values?
Globalization demands fundamental change in values, focusing on human security, democracy, and economic justice.
What are the ethical challenges of labor exploitation?
Labor exploitation includes low wages, poor working conditions, and the use of child and forced labor.
What does ‘race to the bottom’ refer to?
It refers to the competition among companies to reduce labor standards, harming workers globally.
What are the environmental challenges posed by globalization?
Environmental challenges include resource depletion, carbon emissions, and climate change impacts.
How does globalization affect cultural identity?
Globalization can lead to the loss of cultural identity and promote consumerism and Western values.
What is the impact of globalization on income inequality?
Globalization can widen the wealth gap, benefiting corporations and developed nations while underpaying workers in developing countries.
What is biopiracy?
Biopiracy is the exploitation of indigenous knowledge or genetic resources without fair compensation.
What health concerns arise from globalization?
Health concerns include the spread of diseases and varying food safety standards across regions.
How do multinational corporations influence political sovereignty?
They can undermine national sovereignty and local governance by influencing policies in favor of corporate interests.
What is required to address the ethical challenges of globalization?
Addressing these challenges requires fair regulations, transparent corporate practices, and international cooperation.
