ABSTRACT

There is no doubt that we are in an era of globalisation and that we are feeling the effects, both positive and negative, of that environment. This environment has many implications for corporate activity and has, of course, much significance for our consideration of sustainability. The financial crisis has heightened the urgency of addressing these global issues. In this chapter therefore we will explore these various implications and the changed context of corporate activity. Indeed we will look at the whole philosophical underpinnings of the capitalist system. First, however, it is necessary to investigate the phenomenon of globalisation itself and precisely what is meant by such a ubiquitous term.