Globalization, a process characterized by increased interconnectedness and interdependence among nations, has undeniably reshaped the modern world. Economic integration, facilitated by advancements in technology and communication, has fostered unprecedented growth and prosperity for many. Yet, this seemingly boundless expansion has also given rise to complex ethical dilemmas. Consider, for instance, the pharmaceutical industry's response to global health crises. The rapid development and deployment of vaccines during the recent pandemic showcased the potential of international cooperation. However, unequal access to these life-saving resources highlighted the stark realities of global inequity. Wealthy nations often secured a disproportionate share of vaccines, leaving developing countries struggling to protect their populations. This raises critical questions about corporate responsibility and the ethical implications of prioritizing profit over global well-being. Is the pursuit of profit justifiable when it exacerbates existing inequalities and compromises the health of vulnerable populations? This dilemma echoes a larger debate surrounding globalization's impact on various societal aspects. The ease of international capital flow, while stimulating economic activity, can also lead to exploitative labor practices in developing nations, where companies often seek to minimize costs regardless of the human consequences. Furthermore, environmental concerns are frequently overlooked in the relentless pursuit of economic expansion. The damage to ecosystems, exacerbated by unsustainable production and consumption patterns, underscores the urgent need for a more ethical approach to globalization. The question then becomes: how can we harness the benefits of globalization while simultaneously mitigating its negative externalities and upholding fundamental ethical principles? The challenge, therefore, lies in finding a delicate balance – a form of ‘ethical haemostasis’ – to manage the flow of globalization’s benefits and mitigate its negative impacts. This requires a concerted global effort, involving governments, corporations, and individuals, to establish and enforce ethical guidelines and regulations. Ultimately, the question of how to address these ethical dilemmas is not just an economic or political one; it deeply engages our conscience and demands a renewed commitment to global justice and equitable distribution of resources. Can we develop a truly global conscience, one that transcends national borders and prioritizes the well-being of all humanity?
1. The passage primarily focuses on which of the following?
2. The author uses the term ‘ethical haemostasis’ to illustrate:
3. According to the passage, what is a major ethical concern related to globalization?
4. What is the author's overall tone in this passage?
5. The passage suggests that resolving the ethical dilemmas of globalization requires: