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Essay / Research Paper Abstract
This 8 page paper looks at the current economy as well as projections to the year 2013. How businesses should react in the current economy is discussed. Business ethics, globalization, and other related issues are included as well. Bibliography lists 5 sources.
Page Count:
8 pages (~225 words per page)
File: RT13_SA329glo.rtf
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Unformatted sample text from the term paper:
challenge it are threats to the economic system itself. Indeed, capitalism has come under scrutiny, particularly due to the fact that many do not like the way that globalization has
panned out. Instead of all benefitting, what occurred is what usually occurs when capitalism is effected. That is, as Karl Marx might put it, the capitalists would get richer off
of the backs of the paid wage laborers. In a global sense, the paid wage laborers are the people of the third world. On a smaller scale, the problem still
presents itself on the Wal Mart check out lines and in McDonald parking lots. The large conglomerates win and it is the little guy who cannot make ends meet. In
using the title of that book, and the premise it embraces as it relates to the worlds unstable monetary systems, many issues loom large. How do plans or strategies of
a particular company depend on the system of global capitalism and what might a new business starting out need to know? Broader issues such as the impact of business on
society and business ethics also come into play. After all, the way in which people live in a capitalist world depends upon the businesses that erupt on their own.
It is to some extent, not governments business. Yet, government does play some role. However, because the people rely on big business for their livelihoods, the effect of business on
society matters. Business ethics come into play, particularly of late. Is downsizing, for example, ethical? Many business owners feel they are not obligated to their employees and only to their
stock holders if their company is publicly traded. Yet, others believer that all business owners owe something to all stake holders, including employees. Thus far, there has been an
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