| Chapter 2: | The Challenge of Globalization |
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In a video production, Ruiz (2001) discussed the crises of the global world, which were alluded to jobs, health care, education, social security, cultural values, the flow of immigrants across borders, the environment, and technology. Those victimized by globalization, as portrayed in the video, condemn the multinational corporations (MNCs), and claim exploitation. It can be argued that while the MNCs desire maximum economic gain, interest is generated in creating maximum social values. These corporations can be viewed as philanthropists in that they desire to meet the needs of customers throughout the world while they draw on the leadership, talent, and expertise of the host countries.
As an ultimate rejection, Bello (2002) stated that globalization is “corporation-dominated and a capital footloose.” In addition, despite the ethical claim of producing the greatest good for people, the goal is profit. His strong condemnation that corporate-driven globalization as a process is marked by massive corruption, and is deeply subversive of democracy. He further articulated that globalization has not only lost its promise, but has embittered many nations.
According to Bello (2002), the context of discussion on deglobalization is based on the increasing evidence not only of poverty, inequality and stagnation that have accompanied the spread of globalized systems of production, but also of their unsustainability and fragility.
Given the rapid changes in the world today along with the increased influence of technology, in essence, “the ship has left the port,” there is no returning. A new world will be reached beyond the horizon. Therefore, people must respond to the challenges with equity, justice, and ethical standards.
Changes in Organizations
A new “global logic” is emerging. Organizations are cosmopolitan especially since corporations today can have several worldwide headquarters. Consequently, there is growing awareness that workforce skills are critical. Ideas and talents are the capital of the 21st century. The quality of the work skills must be excellent in order to be competitive (Henzler, 1995). Companies including societies need well-educated workers who can think for themselves, solve problems creatively, and