Saturday, February 15, 2020

ROLE OF BUSINESS ETHICS IN CORPORATE AMERICA, GLOBAL ECONOMY AND Research Proposal

ROLE OF BUSINESS ETHICS IN CORPORATE AMERICA, GLOBAL ECONOMY AND LATEST FINANCIAL CRISIS - Research Proposal Example The corruption and greed that came with power of absolute control through economy also played it pivotal role in the gradual deterioration. The ideology of free market economy and the capitalist economy gave rise to the economic set up that is most evidently practiced in America. It rose against the communist and fascist ideals and became the representative system of democracy. As the economies grew they evolved into a particular system with concrete rules and regulations. The business and industries developed and as the economy became global, these industries and businesses developed into multinational organizations and corporate. The corporate became the central organs of the economic system, and with these in place, arose the need of maximizing profits. However, with the complete control of economy came power for these corporate that also held the place to make key decisions. As is said the absolute power corrupts absolutely, so with the complete control over most of economic decisions and with the power to manipulate governments with their economic sway, the corporate leaders indulged in corruption and the trickle-down effect held true, as all those under them, followed their lead. The corporate culture that developed in these circumstances was fraught with unethical practices; it fed greed and greed in turn lead to corruption in all the main quarters. While some of them were charged and punished for their practices, most of them continued the practices under the pretense of maximization of profits that ultimately had to trickle-down to the lower strata of the society. This however, was not the case and while the money accumulated in the coiffeurs of the few, the main people who were supposed to be the beneficiary of the free market suffered and failed to progress. The situation all over the globe remained the same. The fiscal crisis also, affected those at the lower-strata of society, or in the underdeveloped countries, making their sufferings even worse. Starting with the sub-prime mortgage crisis, the economy in America faced a severe fiscal predicament, and the situation led to a complete withdrawal of faith on part of the people in the economic policies and transactions of government. This crisis in turn affected the global economy as all those nations who had invested in the corporations that were declared bankrupt or were on the verge of it, sank taking with them all the invested money. The economies globally were also affected because of the severely interconnected nature of the global trade and business. A lower federal reserve in any country affected the trust of all other countries in them and with the US itself on brink of fiscal disaster due to lack of liquidity, the current situation becomes a matter of grave concern for all involved. The situation also attests to the fact that transformations in the current economic set-up are gravely required. Conclusion The need of the time is to devise methods and make laws, as well as to make sure of the implementation of

Sunday, February 2, 2020

Final Exam in Principles of Sociology Essay Example | Topics and Well Written Essays - 1250 words

Final Exam in Principles of Sociology - Essay Example The lungs of the asthma patients shrink considerably, and when they breathe they feel like ‘breathing through a straw’. Stratification makes it difficult for many asthma patients to receive timely health care and many low income class people find it almost impossible to afford effective treatments for the disease. The huge amount of money spent on medical treatment and medical bills make it impossible for them to have other necessities of life such as good hosing and healthy living conditions. All these add to their personal troubles and miseries. An understanding of Mills’ perception of the sociological imagination is important in understanding the macro-level forces that contribute to public issues like asthma. Mills perceives sociological imagination as a way of thinking that believes that human behavior is shaped through social interaction; according to him, one’s personal experiences are always linked to the social contexts such as the prevailing milieu, the connection between history and biography, and the realization that one’s personal troubles are often the results of public issues of social culture. He believes that the sociological imagination would enable one to â€Å"understand the larger historical scene in terms of its meaning from the inner life and the external career of a variety of individuals† (Cargan & Ballantine 30). The social forces that contribute to asthma are the unequal distribution of power and income, the psychological and social constraints that the asthma patients ar e subject to in the American society. While medical practitioners hold that asthma can be prevented through â€Å"right medication, clean air, and a reasonably stress-free life†, many low-income asthma patients feel that this is â€Å"both well-intentioned and useless† (Corbett 59). The low-income asthma patients are very often unable to pay the huge amount of medical bills and these unpaid medical bills cause mental and psychological