Globalisation Essay Example | Topics and Well Written Essays - 2500 words

Globalisation - Essay Example These dimensions include economic, political, security, environment, and health social, cultural among others. Globalisation was coined in 1980’s but the concept is an ancient one that has a dissimilar significance to most people (Hansen et al, 2010). Apparently, scholars, policy makers and activist see it as a force that could be used to advance the economy in the world while others view the concept as a danger to the economic systems in the world. In light of view of globalisation as the concept that is relevant to the world economy, there is a remarkable increase in worldwide trade and exchanges through increasingly open, integrated and borderless international economy. Besides, remarkable growth has be noted in trade and exchange not only in traditional and international trade of commodities and services, but also in currency exchanges, in capital activities, transfer of technology, movement of people through international travelling and migration, over and above, the flow of information and ideas internationally (Ku?ng, 1998) Globalisation as an Unstoppable Force Globalisation has continually become an unstoppable force especially now when it has opened a golden chance for business, commerce and trade (Dervis and Altinay, 2011). In fact, never before in the history of the world has there emerged such a situation where many goods have been sold to many people in the easiest way as is happening currently. Moreover, the presence of information and communication has enabled everyone to access everything anywhere. In regard to this, markets are continually becoming global, numerous corporations are richer and powerful as compared to some countries. Of importance to note, is that there is a combination of reduced trade barrier, financial liberalisation, over and above, a technological revolt that has totally changed the environment of business in most of the industrialized countries. According to Boesak (2009), globalisation has promised more trade, more market, more business, and more information among other issues. This has been demonstrated through the considerable wealth that has continuously been brought by the tide of globalisation. Why does the World need a Global Set of Ethic rules and What would They be? A global ethic can be described as an ethical perspective which incorporates significant ethical relations between states, between individuals who live in different societies. In the ethic, there are claims with regard to the existence of some universal values and norms concerning obligations that have global scope (Chatterjee, 2011). Consequently, global ethics is a concept that entails ethical inquiry into the nature and explanation of the values and norms that are global. Simply, it articulates various issues that have risen in the recent past such as international aid, security, environmental problems, intervention and human rights. Never the less, scholars interested with global ethics argue that it is not possible of the global ethics to be accepted by the world over to make a single society. Needless to mention, global ethics are crucial and should be accepted as they arguably promote the global goals (Hutchings, 2010). In the event that some global ethics are not embraced by a considerable number of agents, the intended goals are not likely to be attained. Apparently, there can be diverse global ethics and diverse understanding of the goals. Some global ethics