International ethics and globalization

Boda, Zsolt (2011) International ethics and globalization. Working Paper. Budapesti Corvinus Egyetem, Budapest.

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In the inherently anarchic international system the validity of moral principles is weakening. To overcome anarchy global governance is needed. It means efficient international institutions, but also pressures from the global civil society and the self-regulation of business. Multinational firms have the duty of cooperating in governance systems. They also have the duty of reconciling in their activity the two, equally legitimate claims of universalism and cultural relativism; i.e., applying universal moral principles and respecting local moral norms. Finally, multinationals must be guided by the principle of enhanced responsibility. However, although globalizing efforts are important in overcoming international anarchy and coordinating the protection of global commons, strong arguments support the notion that economic globalization does not promote sustainable development. Some form of localization of the economy is certainly needed. The challenge is to find a way towards more global governance with less economic globalization.

Item Type:Monograph (Working Paper)
Uncontrolled Keywords:globalization, international ethics, universalism, cultural relativism, global governance, localization
Divisions:Faculty of Business Administration > Institute for Environmental Science > Business Ethics Center
Subjects:Public administration
International relations
ID Code:459
Deposited By: Ádám Hoffmann
Deposited On:08 Nov 2011 16:45
Last Modified:03 Jul 2012 00:25

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