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Stakeholders
Ethical impact of globalization
Shareholders	– Globalization provides potential for greater profitability, but also greater risks. Lack of regulation of global financial markets, leading to additional financial risks and instability
Employees	– Corporations outsource production to developing countries in order to reduce costs in global marketplace - this provides jobs, but also raises the potential for exploitation of employees through poor working conditions
Consumers	– Global products provide social benefits to consumers across the globe, but may also meet protests about cultural imperialism and westernization. Globalization can bring cheaper prices to customers, but vulnerable consumers in developing countries may also face the possibility of exploitation by MNCs
Suppliers and competitors	– Suppliers in developing countries face regulation from MNCs through supply chain management. Small scale indigenous competitors are exposed to powerful global players
Civil society (pressure groups, NGOs, local communities)	– Global business activity brings the company in direct interaction with local communities thereby raising the possibility for erosion of traditional community life. Globally active pressure groups emerge with ait to „police“ the corporation in countries where governments are weak and corrupt
Government and regulation	– Globalization wakens governments and increases the corporate responsiblity for jobs, welfare, maintenance of ethical standards, etc. Globalization also confronts governments with corporations form regions with different cultural expectations about issues such as bribery, corruption, taxation, and philanthropy

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Source: Crane, Matten, 2010

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