This book seeks to deepen the reader’s understanding of the complex ethical and social disputes that corporations and managers face in an increasingly globalized world. It reviews the history and nature of global capitalism along with the role of the multinational within the global economy. Special attention is paid to emerging and frontier markets where there is economic potential but also major challenges due to institutional voids.
Globalization is a constantly evolving field. In addition to exploring basic economic concepts and ethical frameworks, this second edition takes into account many new developments across different industries, ranging from "Big Tech" to "Big Pharma." It reviews some of the controversies that have affected those industries including bribery, censorship, the politics of computer networking, sweatshops, divestment, and the intensifying crisis of climate change. The book now includes short case studies to help spur creative reflection. Also, the revised content is highlighted in two new chapters – "Bribery and Corruption," and "Emerging and Frontier Markets."
The book is ideal for use as a textbook on globalization, and specifically for courses that want to introduce a social responsibility or ethical component at both undergraduate and postgraduate levels.
Table of Contents
1. The Logic and History of Global Capitalism 2. Global Capitalism and Free Markets 3. Cultural Diversity and Cultural Relativism 4. Law, Morality and Natural Rights 5. Emerging and Frontier Markets 6. Corporate Bribery and The Foreign Corrupt Practices Act 7. Political Risk, Corporate Collusion and Disinvestment 8. Patents, Big Pharma, And Emerging Markets 9. Big Tech, Censorship, And Geopolitics 10. Multinationals and Environmental Integrity 11. Responsible Sourcing and Offshoring
Richard A. Spinello is Professor of Management Practice at Boston College, USA, where he teaches courses on business ethics, corporate strategy, and globalization. He has written fourteen books on ethics and management topics, and has published in journals such as Business Ethics Quarterly and Ethics and Information Technology.
"Weaving together themes from economics, history, philosophy, and law, this book successfully presents the topic of globalization from multiple perspectives. Summing Up: Highly recommended. Upper-division undergraduates and above." - L.J. Cumbo, Emory and Henry College, in CHOICE, October 2014