Global Economy and the Environment
As the global economy gets integrated, national or local corporations will gradually transform in to a multinational corporation (MNC). When this type of development occurs, the host countries are usually the ones that become the immediate stake holders. This is because when a MNC sets its foot into a host country, there are economic, political, social and environmental impacts that result from their corporate actions. In many cases, it is certainly possible that it can end up in a win-win situation, if the host country and the
MNCUs both work mutually. However there have been unfortunate examples, where this has not been the case.
In general, international agreements have its advantages, due to the
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Another important aspect is the fact that in any international trade agreement, a MNC is most likely going to shift their production to a lesser developed country. This is because LDCUs are a good target for cheap labor and low start-up costs. In Robert PastorUs essay, he mentions the term maquiladoras; Rcheaper labor that allows them (Mexicans) to assemble parts, import from the U.S. and then reexport the assembled productsS. In places such as the maquiladoras, safety standards are not as rigid and this puts the local workers in a serious health risk. The Rblack lungS case is an example where miners in Latin America contracted respiratory diseases from working at unsafely regulated coal mines. Since it was in a lesser developed country, occupational health standards were lower than the usual. The Union Carbide incident from
Bhopal, India is another example, where the explosion took place due to lack of safety and precautionary measures. Many experts have commented that the Union
Carbide incident could have been completely avoided, if the plant was located elsewhere, in a more developed country, where they have more strict standards.
So there is a need for universal standard on these types of issues. Unless this is achieved, the LDCUs would be placed in a vulnerable situations as more and
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Climate change is the most serious issue humankind is facing in the 21th century. Future generations depend on our ability to make the necessary social changes, before reaching the tipping point of irreversibility, which will lead the planet into a catastrophe incompatible with life.
This may be a sole trader or partnership. In a company it would be the shareholders. A charity would be considered to be owned by trustees' owners often have a great influence on the business and are considered important stakeholders because they might have put a good part of their life into setting up a business. Owners like to see the success of profit making and the growth of the business.
Environmental scanning can be viewed as a way of acquiring information about outside events that can aid organizations in first identifying potential trends, then interpreting them
The stakeholders and investors because the stocks may drop and otherwise profit have to be invested to fix the company created problem. Civic institutions, media and academic commentators, Government and regulators and social pressure groups are all effect because they are all drawn to resolve the issue.
Did you know that America should put the economy first and not think about other environmental issues? Did you know If America kept helping other counties its economy would be strong? Did you know that environmentalists and bureaucrats are out of touch with the concerns of our country? The health of our nation economy should be the top priority and we should not focus on environmental issues. Our economy cannot leave track of its own economy for environmental goals. (edline.net)
Stakeholders can be divided into internal and external claimants. Internal claimants include shareholders and employees including the managers of the firm. External claimants typically comprise customers, suppliers, bankers, competitors, governments, trade unions, alliance partners, communities and the general public. Looking further into external stakeholders one could, also include the environment.
contemplated, I still believe there is an absolute need for a comprehensive standard to be issued
Concept of capitalism can be difficult to understand. It is commonly identified by economist and political philosophers as a system in which the means of production are privately owned and operated in the free market in exchange for a profit (Galbraith, 1952). The economical/social system determines the structure of production, the allocation of inputs and outputs, and consumption of goods. Capitalism remains popular in America because it values freedom, much like the people in our country. This is true because it allows individuals to set their own plans and pursue their own goals; in addition, one can decide what career they would enjoy most, thus creating an incentive and reward for achieving ones ambitions. In a free market, everyone
to be grown trees have to be cut down and I have explained the effects
A company doesn’t only consist of shareholder but also of stakeholders. In Wal-Mart case the four stakeholders in the video are:
According to Greasley (1999, p9) there are 3 types of stake holders: internal, connected and external.
Instructions: Write your name and panther id on top and fill out the blanks with appropriate word/words based on your readings from corresponding chapters and turn it in the drop-box in Blackboard. The total points in this quiz are 50, each question is worth of 2 points.
Environmental problems are something which belongs to nature or known as “Mother Earth” [13]. Nature was created to help people survive from gathering foods until build a house. This phenomenon happens continuously without thinking how much damage that nature has because human’s fault. Nature gradually becomes worse and animal’s life in danger. People who are aware of the importance of nature react. Those people do several ways to save the environment. Although these efforts can return back the environment, these efforts only can be hold temporarily. This problem happens because those people who are aware of the environment only slightly; for remaining, there are people either do not know or do not care about the nature. People’s efforts
The global economic environment has become more interlinked in the 21st century than ever before because more business enterprises have realized the importance of having trade relations within and outside their countries. Several prevailing factors that have a direct impact on the global economy influence greatly how the world business environment is likely to be at any given time (Harrison, 2010). This paper will examine the influence of factors on world economy. It will also examine how these factors shape global economic environment.
In the United States, we consume more energy from oil than from any other energy source. In 2014 the total amount of petroleum consumed in the United States was about 19 million barrels per day. As we look into making the world a more eco friendly environment, I ask the question; what are some alternatives of oil and the effects of the alternative.