globalisation Flashcards
what s globalisation?
it is about the integration of business, economics, industry and culture between different countries across the world.
why do people no longer need to do business entirely within their own geographical region?
with increased sophistication in communication and transport. companies might have producers in one country and customers in another.
The range of people affected by business is what?
much wider than it used to be.
How does globalisation cause issues for business ethics?
It is more profitable for businesses to hire workers in countries where their wages are lower and health and safety requirements are fewer.
companies that employ workers in developing countries might do what?
help those people by providing employment and sometimes other benefits such as training.
What is the disadvantage of hiring someone from an developing country?
traditional occupations in developing countries might die out or working may be in unsafe conditions.
what is an example of globalisation causing great harm to workers?
The collapse of the Rana plaza factory building in Bangladesh. when this great harm to workers, but was also important in bringing about benefits once pressure was put on global companies.
