Assignment Instructions/ Description
W3F1 - Globalization and the Business SystemWe see the topic and theme of globalization threaded throughout much of our work on the subject business ethics. In the broader context of government, markets, and international trade, current economies contain elements of traditions, commands, and markets where the balance of those elements can vary significantly. Velasquez (2018) examines two important arguments for free markets: moral rights and utilitarianism. As stated by Velasquez, "Controversies over globalization and free trade are but the latest episodes in a great and centuries-long ethical debate over a single question: Should governments allow businesses to trade freely among themselves without interference, or do governments have the right and the duty to impose restrictions on business activities to protect their citizens?" (p 124).
Discuss your response to this question. Offer supporting evidence for your position.
W3F2 - Views on Free Markets Be sure to read:
3.2: Free Markets and Rights: John Locke;
3.3: Free Markets and Utility: Adam Smith;
3.4: Free Trade and Utility: David Ricardo;
3.5: Karl Marx and Justice: A Critique of Free Markets and Free Trade.
Discuss your view on free markets and offer a supporting example.
W3F3 - Intellectual Property
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