Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-jbqgn Total loading time: 0 Render date: 2024-07-04T00:36:34.487Z Has data issue: false hasContentIssue false

2 - The Context of Globalization, Sustainability and Financialization

Published online by Cambridge University Press:  11 January 2021

Georges Enderle
Affiliation:
University of Notre Dame, Indiana
Get access

Summary

Wealth creation and human rights gain particular significance in the context of globalization, sustainability and financialization. Globalization is understood as “a kind of international system in the making” (T.L. Friedman), characterized by an increasing interconnectedness of the world, due to the revolution of information technology and an immense reduction in the costs of transportation and communication. A new framework of international relations distinguishes four types: the foreign-country type, the empire type, the interconnection type and the globalization type. They are part of the extended conception of business and economic ethics at the micro-, meso- and macro-levels. Sustainability, defined by the World Commission on Environment and Development (1987), is incorporated and concretized in the Sustainable Development Goals (2015). And financialization as “the increasing role of financial motives, financial markets, financial actors and financial institutions in the operation of the domestic and international economies” (G.A. Epstein) stands in striking contrast with the comprehensive conception of wealth creation.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2021

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×