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[19] [3] The modern concept of globalism arose in the post-war debates of the 1940s in the United States. [20] In their position of unprecedented power, planners formulated policies to shape the kind of postwar world they wanted, which in economic terms meant a globe-spanning capitalist order centered exclusively upon the United States.
What we owe one another in the global context is one of the questions the global justice concept seeks to answer. [4] There are positive and negative duties which may be in conflict with ones moral rules. [citation needed] Cosmopolitans, reportedly including the ancient Greek Diogenes of Sinope, have described themselves as citizens of the ...
One World: The Ethics of Globalisation is a 2002 book about globalization by the philosopher Peter Singer.In the book, Singer applies moral philosophy to four issues: the impact of human activity on the atmosphere; international trade regulation (and the World Trade Organization); the concept of national sovereignty; and the distribution of aid.
The moral philosophy of Adam Smith founded the neo-classical worldview in economics, which states that one's quest for happiness is the ultimate purpose of life and that the concept of homo economicus describes the fundamental behaviour of the economic agent.
Economic globalization is the intensification and stretching of economic interrelations around the globe. [3] [4] It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions.
Similarly, sovereignty also experiences a shift from a right to a duty. In the global economy, international organizations hold sovereign states to account, leading to a situation where sovereignty is co-produced among "sovereign" states. The concept becomes a variable capacity of good governance and can no longer be accepted as an absolute right.
Whereas the globalization of business is centered around the diminution of international trade regulations as well as tariffs, taxes, and other impediments that suppresses global trade, economic globalization is the process of increasing economic integration between countries, leading to the emergence of a global marketplace or a single world ...
Global citizenship, in some contexts, may refer to a brand of ethics or political philosophy in which it is proposed that the core social, political, economic, and environmental realities of the world today should be addressed at all levels—by individuals, civil society organizations, communities, and nation states—through a global lens. It ...