- #5 IMPACTS OF GLOBALIZATION ON THE WORKPLACE FULL#
- #5 IMPACTS OF GLOBALIZATION ON THE WORKPLACE CODE#
Today, we can also see an increase in companies developing a code of conduct for their activities.
Globalisation has contributed to the development of corporate social responsibility and the concern for the accountability of non-state actors, such as transnational corporations for their activities, particularly when impacting negatively on the environment, on communities, and so on. Recently other goods, such as seeds or medicines, have been considered as economic goods and integrated into trade agreements. Globalisation has also had an impact on the privatisation of public utilities and goods such as water, health, security, and even prison management. TNCs cannot easily be held responsible for human rights violations when the corporation is legally incorporated in one state while it conducts its operation in another state.
The small and medium enterprises may find it difficult, though, to resist global competition and ensure their workers' rights. Transnational corporations (TNCs) can exploit small and medium-sized enterprises intensively and at the lowest possible cost, at a world level, due to outsourcing. Globalisation has accelerated processes of outsourcing and offshoring. Globalisation is connected with the development of international trade, and the global distribution of the production of goods and services, through the reduction of barriers to international trade, such as tariffs, export fees, and import quotas, and the reduction of restrictions on the movement of capital and on investment. Globalisation has developed economic freedom and allegedly raised living standards worldwide, even if, in relative terms, the gap between rich and poor is growing. In the economic field, globalisation is associated with the development of capitalism as an economic system, often based on the belief of self-regulating markets. Question: Can you give one positive and one negative example of globalisation from your own experience? The impact of globalisation However, globalisation also enables a level of networking which results in the emergence of global human rights movements, for example, to create fair trade, to reduce child labour and to promote a culture of universal human rights.
#5 IMPACTS OF GLOBALIZATION ON THE WORKPLACE FULL#
Relations in the field of trade and economic endeavour should be conducted with a view to raising standards of living, ensuring full employment and a large and steadily growing volume of real income and effective demand. Parliamentary Assembly of the Council of Europe
Globalisation may be described as the ever closer economic integration of all the countries of the world resulting from the liberalisation and consequent increase in both the volume and the variety of international trade in goods and services, the falling cost of transport, the growing intensity of the international penetration of capital, the immense growth in the global labour force, and the accelerated worldwide diffusion of technology, particularly communications. The increasing homogenisation of consumer tastes, the consolidation and expansion of corporate power, sharp increases in wealth and poverty, the "McDonaldisation" of food and culture, and the growing ubiquity of liberal democratic ideas are all, in one way or another, attributed to globalisation 1. The term "globalisation" is used to describe a variety of economic, cultural, social, and political changes that have shaped the world over the past 50-odd years, from the much celebrated revolution in information technology to the diminishing of national and geo-political boundaries in an ever-expanding, transnational movement of goods, services, and capital.