Ethics: Dilemmas of Globalization

Ethics: Dilemmas of Globalization Today’s era is one of competitive markets where the norm is to go one step beyond what the cutthroat market expects you to, if one wishes to achieve their objectives. Things change fast, so the only way out is to keep pace, or be left behind in the dust. It’s a dog eat dog world, where Darwin’s words ring true at every juncture: indeed it is survival of the fittest, be so by any means necessary. Karl Marx once stated about the market “all that is solid will melt.” Indeed the only thing that’s permanent is change. Now markets tend to shift towards some forms of equilibrium, which depend on the way people trade. By trade is meant the age old art of getting into an advantageous position in terms of business deals, strategies and negotiations. Innovation is the underlying fire which time and again revolutionizes markets. However, that isn’t the only ideal. Relevance to people’s expectations and preferences are often the necessary benchmarks used to garner success, and these can only be achieved via a plethora of strategies that tend to optimize both quality as well as cost management. With the onward march of the years, companies began to develop a massive platform that was used to secure billions of dollars of inventory, and made it one of their utmost priorities to deal with logistics so as to facilitate a smooth flow of their product lines in a timely as well as cost efficient manner. Naturally in this state of things, what has happened in the last couple of decades has been the enactment of trade laws aimed at promoting globalization. Indeed the idea of countries as economic entities primarily has never been so strongly established as in recent times. This has initiated arguments on the ethical dilemmas of globalization and the substantial role supply chain management plays in it. While a large number of people involved would advocate the argument that globalization comes with its potent evils, primarily in unregulated markets