Economic Globalization In Thomas Hobbe's Leviathan By Thomas Hobbes

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Globalization, chiefly economic globalization is a force which influences many in the world today. The International Monetary fund defines economic globalization as, “a historical process, the result of human innovation and technological progress. It refers to the increasing integration of economies around the world, particularly through trade and financial flows. The term sometimes also refers to the movement of people (labor) and knowledge (technology) across international borders.” (Ervin, par. 7). Another definition of globalization, from the CATO institute suggests that globalization is the increasing trend of free international trade leading to the union of the global economy (Ervin, par. 4). To broadly define globalization, it is the spread of economies, technologies, and other aspects of culture beyond national borders primarily driven by trade between businesses and nations. Critics of globalization, specifically economic globalization, …show more content…
With this basis for a corporation there is no clear obligation for where profits must be distributed. To further analyse the ethics of corporations in a competitive world market one may look at the philosophy of Thomas Hobbes. In Thomas Hobbes’s Leviathan he states that, “To this war of every man against every man, this also is consequent; that nothing can be unjust. The notions of right and wrong, justice and injustice have no place. Where there is no common power there is no law: where no law, no justice” (Newton, 315). So, in the great philosopher Thomas Hobbes’s point of view, in a every man for himself scenario, such as today’s free competitive market, there are no clear morals to be followed. Although, moral obligations to less wealthy nations are not clearly evident, this does not mean that economic globalization does not provide benefits to underdeveloped poorer

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