Skip to main content
main-content

Tipp

Weitere Artikel dieser Ausgabe durch Wischen aufrufen

Erschienen in: Journal of Business Economics 9/2014

01.12.2014 | Original Paper

Globalization, greed, and exploitation. How to break the baleful path?

verfasst von: Albrecht Söllner

Erschienen in: Journal of Business Economics | Ausgabe 9/2014

Einloggen, um Zugang zu erhalten
share
TEILEN

Abstract

During the last decades, a globalized and free market economy has become the worldwide accepted paradigm for organizing economic affairs. Indeed many positive effects of globalization have materialized and improved the wellbeing of humans, particularly in the poorer parts of the world. However, there is a dark side to globalization—negative external effects, e.g. the exploitation and destruction of natural resources—that is causing growing discontent (e.g. Stiglitz, Globalization and its discontents. Penguin, London, 2002). Different initiatives have been taken in order to deal with the deficits of globalization but have not yet resulted in a resounding success. This paper deals with the downsides of globalization and is not telling a “success story”. For this reason, it is a scholarly article and an essay at the same time, dealing with its subject sometimes from a personal point of view. After presenting some examples for negative side effects of our current economic system, it is argued that capitalism is not only promoting growth through innovation, but that it follows a path of greed and exploitation. Building on path dependence theory, self-reinforcing mechanisms are identified that lead into a lock-in of the current path and make it hard to alter its course. Against this background, three suggestions to tackle the deficits of globalization are presented and critically discussed—the Principles for Responsible Education (PRME), the attempt to restrict globalization (e.g. Steingart), and the implementation of a global governance system (e.g. Homann). Finally, a careful conclusion is drawn: A sequenced approach of education, sanction, and institution building might be the best solution to fasten up the slow moving process of fixing the shortcomings of globalization. It has to be clearly understood that this is not a contribution aimed against globalization and global competition. However, the issues raised in this article urgently need to be addressed. It logically follows that further research is needed in time.

Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 69.000 Bücher
  • über 500 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Testen Sie jetzt 15 Tage kostenlos.

Journal of Business Economics

From January 2013, the Zeitschrift für Betriebswirtschaft (ZfB) is published in English under the title Journal of Business Economics (JBE). The Journal of Business Economics (JBE) aims at encouraging theoretical and applied research in the field of business economics and business administration, promoting the exchange of ideas between science and practice.

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 58.000 Bücher
  • über 300 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Testen Sie jetzt 15 Tage kostenlos.

Literatur
Zurück zum Zitat Alchian A (1950) Uncertainty, evolution and economic theory. J Polit Econ 58:211–221 CrossRef Alchian A (1950) Uncertainty, evolution and economic theory. J Polit Econ 58:211–221 CrossRef
Zurück zum Zitat Arthur WB (1989) Competing technologies, increasing returns, and lock-in by historical events. Econ J 99:116–131 CrossRef Arthur WB (1989) Competing technologies, increasing returns, and lock-in by historical events. Econ J 99:116–131 CrossRef
Zurück zum Zitat Arthur WB (1994) Increasing returns and path dependency in the economy. University of Michigan Press, Ann Arbor Arthur WB (1994) Increasing returns and path dependency in the economy. University of Michigan Press, Ann Arbor
Zurück zum Zitat Becker G (1957) The economics of discrimination. University of Chicago Press, Chicago Becker G (1957) The economics of discrimination. University of Chicago Press, Chicago
Zurück zum Zitat Beckman CM, Burton MD (2008) Founding the future: path dependence in the evolution of top management teams from founding to IPO. Organ Sci 19:3–24 CrossRef Beckman CM, Burton MD (2008) Founding the future: path dependence in the evolution of top management teams from founding to IPO. Organ Sci 19:3–24 CrossRef
Zurück zum Zitat Bogan CE, English MJ (1994) Benchmarking for best practices. Winning through innovative adaptation. Mc Graw-Hill, New York Bogan CE, English MJ (1994) Benchmarking for best practices. Winning through innovative adaptation. Mc Graw-Hill, New York
Zurück zum Zitat Boxwell RJ (1994) Benchmarking for competitive advantage. Mc Graw-Hill, New York Boxwell RJ (1994) Benchmarking for competitive advantage. Mc Graw-Hill, New York
Zurück zum Zitat Coleman JS (1986) Social theory, social research, and a theory of action. Am J Sociol 91(1986):1309–1335 CrossRef Coleman JS (1986) Social theory, social research, and a theory of action. Am J Sociol 91(1986):1309–1335 CrossRef
Zurück zum Zitat David PA (1985) Clio and the economics of QWERTY. Am Econ Rev 75:332–337 David PA (1985) Clio and the economics of QWERTY. Am Econ Rev 75:332–337
Zurück zum Zitat Denzau AT, North DC (1994) Shared mental models: ideologies and institutions. Kyklos 47(1994):3–31 CrossRef Denzau AT, North DC (1994) Shared mental models: ideologies and institutions. Kyklos 47(1994):3–31 CrossRef
Zurück zum Zitat Haase, M., Roedenbeck, M., Söllner, A. (2009), A sketch of a mechanism-based explanation of cognitive path processes, lock-in of individual mental models and institutional rigidity, in: Scherer, A.G., Kaufmann, I.M., Patzer, M. (Ed.), Methoden in der Betriebswirtschaftslehre, Wiesbaden 2009, 21-46 Haase, M., Roedenbeck, M., Söllner, A. (2009), A sketch of a mechanism-based explanation of cognitive path processes, lock-in of individual mental models and institutional rigidity, in: Scherer, A.G., Kaufmann, I.M., Patzer, M. (Ed.), Methoden in der Betriebswirtschaftslehre, Wiesbaden 2009, 21-46
Zurück zum Zitat Hiß S (2009a) Corporate social responsibility—innovation Oder tradition? Zum Wandel der gesellschaftlichen Verantwortung von Unternehmen in Deutschland. Zfwu 10(3):287–303 Hiß S (2009a) Corporate social responsibility—innovation Oder tradition? Zum Wandel der gesellschaftlichen Verantwortung von Unternehmen in Deutschland. Zfwu 10(3):287–303
Zurück zum Zitat Hiß S (2009) From implicit to explicit corporate social responsibility: institutional change as a fight for myths. Bus Ethics Q 19/3:433–451 Hiß S (2009) From implicit to explicit corporate social responsibility: institutional change as a fight for myths. Bus Ethics Q 19/3:433–451
Zurück zum Zitat Hirschman AO (1970) Exit, voice, and loyalty: responses to decline in firms, organizations, and states. Harvard University Press, Cambridge/Mass Hirschman AO (1970) Exit, voice, and loyalty: responses to decline in firms, organizations, and states. Harvard University Press, Cambridge/Mass
Zurück zum Zitat Homann K (1991) Der Sinn der Unternehmensethik in der Marktwirtschaft. In: Corsten u.a. H (ed) Die soziale dimension der Unternehmung, Berlin, pp 97–118 Homann K (1991) Der Sinn der Unternehmensethik in der Marktwirtschaft. In: Corsten u.a. H (ed) Die soziale dimension der Unternehmung, Berlin, pp 97–118
Zurück zum Zitat Homann K (1994) Marktwirtschaft und Unternehmensethik. In: Forum für Philosophie Bad Homburg (Hrsg.), Markt und Moral—Die Diskussion um die Unternehmensethik, Bern u.a., pp 109–130 Homann K (1994) Marktwirtschaft und Unternehmensethik. In: Forum für Philosophie Bad Homburg (Hrsg.), Markt und Moral—Die Diskussion um die Unternehmensethik, Bern u.a., pp 109–130
Zurück zum Zitat Homann K (2006) Competition and morality, discussion paper no. 2006-4, edited by Wittenberg-Center for Global Ethics, Zentrum für Globale Ethik e.V Homann K (2006) Competition and morality, discussion paper no. 2006-4, edited by Wittenberg-Center for Global Ethics, Zentrum für Globale Ethik e.V
Zurück zum Zitat Homann K (2007) Globalization from a business ethics point of view. In: Homann, K, Kowlowski P, Luetge C (eds) Globalisation and business ethics, Aldershot, pp 3–9 Homann K (2007) Globalization from a business ethics point of view. In: Homann, K, Kowlowski P, Luetge C (eds) Globalisation and business ethics, Aldershot, pp 3–9
Zurück zum Zitat Kinderman D (2011) ‘Free us up so we can be responsible!’ The co-evolution of corporate social responsibility and neo-liberalism in the UK, 1977–2010. Socio Econ Rev 2011:1–29 Kinderman D (2011) ‘Free us up so we can be responsible!’ The co-evolution of corporate social responsibility and neo-liberalism in the UK, 1977–2010. Socio Econ Rev 2011:1–29
Zurück zum Zitat Krugman PR (1979) Increasing returns, monopolistic competition, and international trade. J Int Econ 9(4):469–479 CrossRef Krugman PR (1979) Increasing returns, monopolistic competition, and international trade. J Int Econ 9(4):469–479 CrossRef
Zurück zum Zitat Kuhn TS (1962) The structure of scientific revolutions. University of Chicago Press, Chicago Kuhn TS (1962) The structure of scientific revolutions. University of Chicago Press, Chicago
Zurück zum Zitat Kulik CT, Bainbridge HTJ, Cregan C (2008) Known by the company we keep: stigma-by-association effects in the workplace. Acad Manag Rev 33:216–230 CrossRef Kulik CT, Bainbridge HTJ, Cregan C (2008) Known by the company we keep: stigma-by-association effects in the workplace. Acad Manag Rev 33:216–230 CrossRef
Zurück zum Zitat Leibenstein H (1950) Bandwagon, Snob, and Veblen effects in the theory of consumers’ demand. Q J Econ 64:183–207 CrossRef Leibenstein H (1950) Bandwagon, Snob, and Veblen effects in the theory of consumers’ demand. Q J Econ 64:183–207 CrossRef
Zurück zum Zitat Mirkovic S (2013) Corporate legitimacy in a postnational constellation. Sitting on the fence between private authority and legitimacy crisis. PhD Thesis, Europa-Universität Viadrina, Frankfurt (Oder) Mirkovic S (2013) Corporate legitimacy in a postnational constellation. Sitting on the fence between private authority and legitimacy crisis. PhD Thesis, Europa-Universität Viadrina, Frankfurt (Oder)
Zurück zum Zitat North DC (1990) Institutions, institutional change and economic performance. Cambridge University Press, Cambridge CrossRef North DC (1990) Institutions, institutional change and economic performance. Cambridge University Press, Cambridge CrossRef
Zurück zum Zitat North DC (2005) Understanding the process of economic change. Princeton University Press, Princeton North DC (2005) Understanding the process of economic change. Princeton University Press, Princeton
Zurück zum Zitat Pies I, Hielscher S, Beckmann M (2009) Moral commitments and the societal role of business: an ordonomic approach to corporate citizenship. Bus Ethics Q 19(3):S375–S401 Pies I, Hielscher S, Beckmann M (2009) Moral commitments and the societal role of business: an ordonomic approach to corporate citizenship. Bus Ethics Q 19(3):S375–S401
Zurück zum Zitat Rappaport A (1986) Creating shareholder value: the new standard for business performance. Free Press, New York Rappaport A (1986) Creating shareholder value: the new standard for business performance. Free Press, New York
Zurück zum Zitat Ricardo D (1817) Principles of political economy and taxation. J.M. Dent & Sons, London/New York, p 1911 Ricardo D (1817) Principles of political economy and taxation. J.M. Dent & Sons, London/New York, p 1911
Zurück zum Zitat Richter R (2011) German “Ordnungstheorie”. In: Annual conference from the Perspective of the New Institutional Economics, ISNIE, Stanford Richter R (2011) German “Ordnungstheorie”. In: Annual conference from the Perspective of the New Institutional Economics, ISNIE, Stanford
Zurück zum Zitat Shleifer A (2004) Does competition destroy ethical behavior? Am Econ Rev 94(2):414–418 CrossRef Shleifer A (2004) Does competition destroy ethical behavior? Am Econ Rev 94(2):414–418 CrossRef
Zurück zum Zitat Simon HA (1956) Rational choice and the structure of the environment. Psychol Rev 63(2):129–138 CrossRef Simon HA (1956) Rational choice and the structure of the environment. Psychol Rev 63(2):129–138 CrossRef
Zurück zum Zitat SmithA (1776) An inquiry into the nature and causes of the wealth of nations. Strahan and Cadell, London SmithA (1776) An inquiry into the nature and causes of the wealth of nations. Strahan and Cadell, London
Zurück zum Zitat Steingart G (2008) War for wealth: the truth about globalization and why the flat world is broken. McGraw-Hill, New York Steingart G (2008) War for wealth: the truth about globalization and why the flat world is broken. McGraw-Hill, New York
Zurück zum Zitat Stigler GJ (1987) Competition. In: Eatwell J, Milgate M, Newman P (eds) The New Palgrave: a dictionary of economics. The New Palgrave dictionary of economics online, Palgrave Macmillan, 27 November 2012, doi: 10.​1057/​9780230226203.​2244 Stigler GJ (1987) Competition. In: Eatwell J, Milgate M, Newman P (eds) The New Palgrave: a dictionary of economics. The New Palgrave dictionary of economics online, Palgrave Macmillan, 27 November 2012, doi: 10.​1057/​9780230226203.​2244
Zurück zum Zitat Stiglitz J (2002) Globalization and its discontents. Penguin, London Stiglitz J (2002) Globalization and its discontents. Penguin, London
Zurück zum Zitat Suchanek A, Waldkirch R (2002) The task of business ethics. Katholische Universität Eichstätt, Wirtschaftswissenschaftliche Fakultät Ingolstadt, Ingolstadt Suchanek A, Waldkirch R (2002) The task of business ethics. Katholische Universität Eichstätt, Wirtschaftswissenschaftliche Fakultät Ingolstadt, Ingolstadt
Zurück zum Zitat Sydow J, Schreyögg G, Koch J (2009) Organizational path dependence: opening the black box. Acad Manag Rev 34(4):689–709 CrossRef Sydow J, Schreyögg G, Koch J (2009) Organizational path dependence: opening the black box. Acad Manag Rev 34(4):689–709 CrossRef
Zurück zum Zitat Vogel D (2005) The market for virtue. The potential and limits of corporate social responsibility. Brookings Institution Press, Washington Vogel D (2005) The market for virtue. The potential and limits of corporate social responsibility. Brookings Institution Press, Washington
Zurück zum Zitat Williamson OE (1985) The economic institutions of capitalism: firms, markets, relational contracting. Free Press, New York Williamson OE (1985) The economic institutions of capitalism: firms, markets, relational contracting. Free Press, New York
Zurück zum Zitat World Bank (2012) Turn down the heat. Why a 4 °C warmer world must be avoided. In: A report for the World Bank by the Potsdam Institute for Climate Impact Research and Climate Analytics, November 2012. International Bank for Reconstruction and Development/The World Bank, Washington World Bank (2012) Turn down the heat. Why a 4 °C warmer world must be avoided. In: A report for the World Bank by the Potsdam Institute for Climate Impact Research and Climate Analytics, November 2012. International Bank for Reconstruction and Development/The World Bank, Washington
Metadaten
Titel
Globalization, greed, and exploitation. How to break the baleful path?
verfasst von
Albrecht Söllner
Publikationsdatum
01.12.2014
Verlag
Springer Berlin Heidelberg
Erschienen in
Journal of Business Economics / Ausgabe 9/2014
Print ISSN: 0044-2372
Elektronische ISSN: 1861-8928
DOI
https://doi.org/10.1007/s11573-014-0742-4

Weitere Artikel der Ausgabe 9/2014

Journal of Business Economics 9/2014 Zur Ausgabe

Editorial

Editorial

Premium Partner