Global Economy

Today, more and more people realize that the global economic and financial crisis also concerns common ethical values and standards. I am pretty concerned that the global economy has become unethical and unfair. Recent experiences have proved that the sustainability of the market economy is by no means guaranteed. Indeed, one cannot escape the fact that the emergence of global capitalism has brought with it an entirely new set of risks. The global economic and financial crisis concerns common ethical standards. For example, the trade between Europe and the United States has been unfair, which needs to be further negotiated. These problems of the global economy should be on the agenda for the following years. Obviously, all ethical values and standards are culture-bound, but there are core values and standards that are universal. I strongly believe that in the long run, the global market economy will only be accepted in different regions and nations if it is socially acceptable.