Globalization – Black Variety
The country’s belt and road initiative is binding dozens of nations in Asia, Africa and Europe into Beijing’s economic orbit. A synthesis of the short-term as well as long-term global business perspective and an ethical perspective is called for. Business manger just-should not owe a fiduciary duty to serve the best interest of their share holders to ‘pay’ for sustainable development but also to care for the potential future safeguarding interest of prosperity towards the global society. In the global economic pursuits ecological ethics should be the handmaid of the business ethics. A clear perception towards ecological balance in ethical manner is required. Environmental friendly technology possible to be invested and globalisation problems innovated when it is supported and also compelled by government of different nations.
Many economists argue that for trade to make a country better off, the government of that country may have to redistribute wealth and income to some extent, so that the winners from the policy of opening the economy share their gains with the losers.
Free trade policies, such as the United States-Mexico-Canada Agreement , seek to integrate regional or global markets by reducing trade barriers among nations.
However, their approach emphasizes the methodological commitments discussed above, specifically intersectionality, sensitivity to concrete specificity, and self-reflexivity.
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