Globalization is a process created by international trade and investment and supported by information technology that results in the cooperation and integration of the people, companies and governments. Because globalization affects the environment, social structures, political systems, economic development, and human physical security and welfare, businesses must define ethical standards and interpret them according to the different countries. Supporters of globalization say it permits less advantaged countries to develop their economies and raise the standards of living, while detractors contend that the international free market benefits multinational corporations at the expense of host countries.
1. Cultural Ethical Standards
    o Conduct perceived as ethical in one country may be perceived as unethical in another.

      Conduct perceived as ethical in one country may be perceived as unethical in another. The question raised is whether to adapt to the emerging marketplace or maintain strict adherence to corporate standards set by the initiating corporation. Gift giving in certain parts of Asia is seen as a natural part of the business process, but may violate a corporate code in the United States. Maintaining the standard set in the United States may inhibit the business process in another part of the world.

2. Environmental Concerns
    o Green technology requires an initial investment but reaps benefits over time.

      Critics of globalization contend that the environment is negatively impacted by locating polluting industries in countries where there are fewer environmental regulations or where the regulations are less likely to be enforced. Reducing the environmental footprint while maximizing corporate profit and enhancing profitability for the emerging market is the desired outcome of the global marketplace. Finding efficiencies of production and reducing the infrastructure of the...