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Who Should Govern Globalization?

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Who Should Govern Globalization?

Globalization conjures up terms like connection, interaction and integration. At least that’s what popular belief of what globalization is yet critics are constantly putting companies on the hot spot for damaging the environment, affecting the life of local communities, and inhuman working condition. Companies aren’t only held responsible for these social responsibilities in north American continent but everywhere they do business around the world. So what does globalization have to do with corporate social responsibility? Globalization is the unseen force that drives business to do cross border activities or it may just be an excuse for them to do so. Recent history shows that companies from the west or Europe have been moving their production facilities to the east—China and India—to take advantage of the cheap labor cost in those areas. There is mixed perception about globalization in the business world and, without leaning towards any side of the controversy, I believe that the governments is responsible for both the positive and negative sides globalization presents. However, both governments and companies should make effort to uphold corporate social responsibility and preserve the environment.
First of all, globalization is a profit driven process which derives from businesses need to reduce costs and increase profit. Historically, contacts between nations were made for economic advantage through trades. Today globalization is no exception. In my opinion, in the business world, globalization is a code word for the exploitation of cheap labor from underdeveloped countries in foster profits of corporations from the west or developed nations. This was true in the United States for the last two decades when companies after companies move their manufacturing facilities overseas to take advantage of the cheap labor cost. This,

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