The effects of globalization have created an increasingly disparate division bet

Question

The effects of globalization have created an increasingly disparate division between the distributions of wealth in the world. The ownership of land, industry and natural resources is in the hands of large multinational corporations and the wealth of the world is in the hands of a few. The problem is of justice and economic distribution. This is sometimes called distributive justice.

Relevant issues to consider as you formulate your analysis might include: (1) what is fair and just in the distribution of the costs and rewards of an economic system, (2) what principles of distribution can be applied, and what are the consequences of each different scheme or principle, (3) whether a laissez–faire approach or a communitarian/socialist approach is better. (Helpful theories and concepts to discuss might include Utilitarianism, John Rawls’ Theory of Justice, Robert Noziack’s libertarianism, Adam Smith’s invisible hand, Marxism (secular) or Christian, Jewish , Islamic socialism.)

What are some specific ethical issues related to this area of wealth distribution?

Should Government regulate this area of distribution of wealth, and if so how much and what type of regulation might be appropriate and effective?

Explanation / Answer

We know that the distributive justice means that the nature of a society just allocation of goods in a society. The inequalites do not arise the distriboution function is refered as distributive justice. In the recent study suggest that the globalisation is core problem of poverty in the world. The globalisation will chnage the world very seriously. It includes, Accelarated the impact of technology, changing the demographics, The movementof llabour and capital between the nations. These damaical change will leads to collapse of several economy.

The globalisation will leads to more unequal distribution between the nations. This is more affected for the developing countries. Here people will face the problem of injustice and unequal opportunity. In these economies there is ineefctive government activities will leads to increase the poverty. In these countries the middle inocme families cannot borrow and missout oppotunities becuase of they cannot expect higher returns from their income sources. But here the rich get more returns from their capital invetsments.

The effects of globalization will integrated the markets, capital flows, international tecnology, using internet, will increase the inequality in the country. Most importanly the skill people from developed countries move to developed countries . This will decrease the productivity of the less developed countries. Many of the countries is not able to compete worlds biggest giants in trade. Their main exporting items is primary products. This will create the inequality between the capitalist countries. That means they cannot get good price for their primary agricultural products.

Another problem of globalization is pollution. The polluting developed countries get benefit from their pollutions. But not pay the pollution cost to the developing countries.

We know that the government of the country cannot able to limit the globalization. But they can prevent them using their strong economic policies. It include, Increase tarrif, Pramote domestic market, Increase the level of investment, Increase the public expenditure,etc..

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