Globalization and Technology Impacts on Ethics

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Introduction

Technology and globalization have immensely contributed to a variety of shifts in political and social spheres as well as economic sectors. These shifts have led to greater interdependence, giving rise to the concept of globalization. The primary impetuses behind globalization are the proliferation of new technologies and the loosening of restrictions placed on economic activity. The evaluation will center on analyzing how technology and globalization have contributed to the spread of poverty in third-world nations, violated individuals rights to privacy, and contributed to the development of biotechnology and bioethics.

Contribution of Technology and Globalization to Privacy Issues

Technology has made a significant contribution to the concept of globalization. Technological advancement in the modern world promotes globalization by making it easy to share information across borders. It has had various effects on marketing, some of which have implications for ethical behavior. The proliferation of electronic cookies, spyware, and junk is directly proportional to increased Internet usage and e-commerce. It has led to the infringement of privacy which is an ethical issue. For a company to compete successfully on a global scale, it is essential to educate the employees of that company on the need to integrate new technologies into everyday operations (Zlusarczyk, 2018). It can only be accomplished by promoting technological advancement, innovation, and creativity. Being a diverse organization with a sound ethical basis is crucial for this strategy since it cultivates a healthy culture and practices all around.

Effects of Technology and Globalization on Biotechnology and Bioethics

Bioethics is the study of moral dilemmas that have emerged due to advances in biological and medical science. Bioethicists are concerned with the ethical difficulties that arise from the interplay of life sciences, biotechnology and pharmaceuticals. The availability and application of secret knowledge, the potential for ecological damage, the availability of novel medications and treatments, and the concept of tampering with nature are examples of contemporary biotechnologies that raise ethical problems (Mukherjee, 2018). Examples of uses include agriculture and medical care. Genetically modified crops, sometimes known as GM crops, have the potential to provide at least a partial solution to the issue of feeding the worlds growing population.

Genetic engineering has made it feasible to boost crop yields, reduce crop losses due to insects, disease, and post-harvest storage problems, and improve the nutritional value of certain crops. This potential has become a reality as a result of technological advancements. In addition, novel plant varieties that can tolerate abiotic conditions such as salinity and drought are being developed. This will enable improved crop production on marginal land, which could benefit rural regions with less development. It is not easy to forecast how the introduction of GM agricultural varieties might influence the surrounding environment, which is a significant source of concern. Pollination may transfer the unique gene to another plant which may result in abnormality species.

Poverty Caused by Stagnant Growth Pattern Due to Overdependence

Globalization has had several effects on technology, one of which is that it has led to the dissemination of a variety of innovations in third-world nations despite their limited access to new technology. It has led to an increase in the number of technology start-ups in countries with developing economies. In contrast, most of the market is controlled by private companies and organizations, and the majority primarily focuses on expanding their customer base in developed nations. As a result, developing nations rely heavily on developed nations, as private organizations exploit them, contributing to poverty (Michl & Tavani, 2021). It has contributed significantly to the failure of most start-up businesses in developing nations. As a result, the predominant technological trend in most third-world countries is dependence on already established nations. The dependence was attributed to the prevalent lack of self-sufficiency among nations of the third world, which led to a stagnant growth pattern in their technological industry.

Technology and globalization encourage the erosion of societal cultures and give away to the penetration of bad behavior. It increases the chances of teenage pregnancy and abortions due to the use of the internet by teenagers. Certain people in society are averse to change because they fear globalization will be a double-edged sword; this is one of the reasons why progress has slowed in third-world countries. The increased exploitation of multinational corporations due to alliances made between technology start-ups in emerging nations and previously established international corporations is directly attributable to these collaborations. Hugo Chavez, the former president of Venezuela, was vehemently opposed to globalization and viewed it as detrimental to its development (Fontes & Lessa, 2019). As a result, there was an increase in opposition to the organizations association with already-established, well-known global firms and a significant increase in pressure on the organizations leadership. As a result, economic conditions have improved, and lower-class individuals have more reason to be optimistic about the future. Notwithstanding, the rate at which new advancements are incorporated into the country has lessened.

Globalization has Increased the Cost of Technological Research

The establishment of technological advancements demands inputs from a wide array of academic subjects. The impact of globalization has had a significant impact on the cost of the research process, which has contributed significantly to an increase in the cost of developing the various methodologies. The rise of technology demands that research be undertaken in various fields, and the concept of globalization encourages firms to offer distinctive products (Skare & Riberio Soriano, 2021). As a result, research extends beyond the typical scope of fundamental research, which traditionally incorporates substantial input from other scientific and technological domains. These issues have also led to the inclusion of new parties in the study process, which is deemed unethical in some societies. Initially, research and development activities were deemed in-house and were therefore carried out within the corporation. The breadth and depth of the study necessitate the participation of other organizations active in the field of research; some of these organizations may not even be based in the same country as the United States. It played a key role in the internationalization of the study area, which contributed greatly to the invention of a diversity of technologies.

Foreign trade and foreign direct investment (FDI) from other nations will propel future technological development. Most technical shifts are typically associated with substantial increases in research and development costs. Investors in numerous technical disciplines must invest in a specific area, expecting a profit. Through establishing a variety of new distribution channels, the globalization process has made it possible for technological progress to penetrate foreign markets more easily products (Skare & Riberio Soriano, 2021). Since they are required to keep up with the rest of the world, the technical shift must be imported from the mother organization to the nations incapable of developing independently.

Conclusion

Even though globalization harms technology, both of these variables are necessary for the continued existence of humans within the context of ever-evolving societal necessities. I believe that the ongoing globalization of all parts of human existence is vital because it assists in keeping technological innovation businesses in check. This is why I believe this to be the case. As a result of globalization, businesses that are already competitive in the field of technical innovation will emphasize further developing their capabilities. Globalization is so beneficial to ensure that techniques of reliable and high quality are utilized, which minimizes the number of instances in which technology faults occur.

References

Fontes, P. V., & Lessa, M. L. (2019). The Chávez era perspective for an innovative cultural policy. Contexto Internacional, 41(3), 553577. Web.

Michl, T. R., & Tavani, D. (2021). Path dependence and stagnation in a classical growth model. Cambridge Journal of Economics, 46(1), 195218. Web.

Mukherjee, S. (2018). Challenges to Indian micro small scale and medium enterprises in the era of globalization. Journal of Global Entrepreneurship Research, 8(1), 1-19. Web.

Skare, M., & Riberio Soriano, D. (2021). How globalization is Changing Digital Technology Adoption: An international perspective. Journal of Innovation & Knowledge, 6(4), 222233. Web.

Zlusarczyk, B. (2018). Industry 4.0 are we ready? Polish Journal of Management Studies, 17(1), 232248. Web.

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