Ethics Case Study Paper Essay Example | Topics and Well Written Essays - 500 words

Ethics Case Study Paper - Essay Example This is to be able to keep up with the standards and the basis of the economy. A socialist economy has a different set of value than a free economy. A socialist economy is focused more on equality while a free economy is more on individuality and independence. Business makes decisions based on a utilitarian perspective. Economics assume that humans make decisions based on their rational self-interest, which increases their individual values and utility. This is the same with businesses. Since economics studies and analyzes efficiency of using limited resources to achieve maximum satisfaction and benefits based on the economy’s wants and needs, businesses look for results that will increase their productivity and generated income. Though rational decisions may change on the given circumstances, the perspective of a business remains the same, to gain revenue and to increase productivity. Ethics and social norms are the factors that tends to hold back businesses in greedily assuming all values and profits they can get with the limited resources that the environment has and can produce. Ethics are the guidelines by which businesses consider when taking on projects or developing projects. The accompanying changes in ethical standards and considerations of different economies can be seen on how China, U.S. and Jamaica faced economic changes. Chinese business culture is based on the perspective of Confucianism and Maoism, which focuses on moral principles and standards. Jamaica, on the other hand, was willing to open its doors to capitalism, aiming to rise above from their colonial status. With this, Jamaica is more open to a capitalist structured norms and values, which is being open, free and independent. Thus, Jamaica shows a lower uncertainty avoidance showing that they are open to risks and challenges. U.S. being a proponent of capitalism and democracy has values set on individualism and independence. But all being part of the global

Is the Anglo-American special relationship an equal relationship Essay

Is the Anglo-American special relationship an equal relationship - Essay Example The term had its roots in the shared values, common language and historical experiences. The term provided that the two countries were to collaborate in the fight against a common enemy and pursue of common objectives together. The Anglo-American co-operation also discouraged the American manipulation of the British economic weakness. It also helped to manage the mismatch between Britain’s overseas capabilities and commitments. The Anglo-American treaty meant that US was to tolerate the British discriminatory practices such as support for British established overseas interest, the sterling Area and allow the British policy makers to abandon their unsustainable territories without US viewing Britain as a weak country (Dorey 2005, p.73). The aspiration of the Anglo-American relationship seemed unrealistic after the Second World War. This was because of the loan given to UK by US during the Second World War, severe differences over the Palestine question, the unbridled pursuit of international free trade by US, and betrayal in the nuclear research. The reaffirmation of the special relationship between the two countries enabled Britain to regain some of its lost influence in Washington. The relationship created opportunities to for UK to harness Americans powers. the British and US took a central role in the structuring of post war international order by creating institution such as the UN security council, the Bretton Wood system, the NATO and the GATT. The mutual economic interdependence strengthened the partnership between UK and US. For example, the sterling become the reserve currency for the Bretton woods system, America surpassed Australia as the British biggest export market in the year 1956. The Anglo-American economic relation was also crucial in the subordination of the multilateralism enforcement to the western world by US (Dorey 2005, p.74). The central agenda in the Anglo-American co-operation was the defense alliance, which involved the sharin g of military technology and intelligence. For example, the US Atomic Energy act restored the nuclear relationship curtailed by the McMahon Act. Britain also accessed the US key to controversial bases and facilities in the homeland and the Polaris submarine base (Dorey 2005, p.74). Britain also benefited a lot from the Anglo-American relationship during the cold war. America provided several economic relief and the Britain transferred unsustainable territories of Greece and turkey. This was important for the two nations as US was British greatest friend and it helped to maintain the impression of the Anglo-American solidarity. America was the power capable of supporting the British interest, and Britain’s international status relied on the American willingness to treat Britain as a partner in their relationship (Dorey 2005, p.74). The Anglo-American relationship played a crucial role in Britain’s international policy during the Second World War. During this period, Bri tain needed to win US sympathy and material aid so as to survive, especially after the fall of France in July 1940. After 1940, the propaganda about Britain’s ailing economy spread in North America. This made Britain seek financial aid from US president, Franklin Roosevelt in the form of a ‘lend’ lease programme to finance it war programmes (Addison