Business Ethic Essay Example | Topics and Well Written Essays - 750 words - 1

Business Ethic - Essay Example To what limit do the liberties of the bank stretch over developing nations? Chad is a poor oil-rich nation that has had its share of internal conflicts. Political instability and leadership battles have characterized this North African country. Corruption has also taken toll on the events in this country, and this is evidenced by the award of tenders and contracts to various corporations. The first oil contract was awarded to Exxon. After this, President Idriss quickly and corruptly awarded multimillion contracts to Chevron and Petronas, oil exploration companies. President Idriss’ rule was typical of the leadership of most Sub Saharan states in that he ruled with impunity and with no democracy. In order to hang on to leadership, the President invested a lot in armory. However, this put the government in loggerheads with International corporations like the World Bank which questioned the source of funds for such expenditures. The World Bank threatened to put financial sanction s on Chad by arguing that the manner in which the government acquired funding was questionable. It can be seen that The President of Chad may have contracted the other two companies as a desperate cat to save his country from the iron hand of the World Bank. This case typifies the corruption in the awarding of contracts in this poor African state, and the President is at the center-stage of all these. Ideally, oil exploration activities were supposed to uplift the economy of Chad. The revenues would be used for noteworthy projects in education, health and infrastructural development. The government set up a council that would oversee noteworthy utilization of oil revenues. Amazingly, the government would only be able to use 12.5% of the revenues. The rest would be remitted to the World Bank. 12.5% is an exceptionally small ratio to be allocated to a country as an economic stimulus from its own resource. World Bank had dictated this ratio to Chad. The World Bank flexed its authority in more than one ways to Chad’s disadvantage. In 1998 and 1999 parliament passed a law that saw the formation of the audition general and oil laws that favored the bank’s requirement. Funding was received in the year 2000. For Chad to receive any form of financial aid from the bank, her parliament had to pass specific oil laws. One of these was the 12.5% allocation to Chad as the rest was split between the bank and Exxon. The World Bank has in the past, and still continues to manipulate poor countries by recommending stringent laws that only favor them. Before agreeing to be the financier, the terms of the World bank were that Chad had tototally relinquish its oil sovereignty and Exxon was to submit all its plans for the bank to scrutinize. Natural resources of a nation are meant to boost the economy of that country and its citizens. The government is the sole custodian of such resources. To have the government of a poor nation give up such a right in exchange for futu re aid that may not be sought after is unethical. The bank took advantage of Chad’s poverty and wealth while it was supposed to protect the country as required by international business law. Exxon was not at liberty to lay down the pipeline. The bank studied the 800mile pipes layout and made drastic adjustments to them without consulting the firm. This was done to suit the bank’

Life span Wks8-12 Coursework Example | Topics and Well Written Essays - 6250 words

Life span Wks8-12 - Coursework Example According to Websters New World Law Dictionary (2010), death is "the end of life, when physical functions and vital signs stop." This dictionary further suggests that brain death is an "irreversible end to the functioning of the brain" which the dictionary says is often used as the legal definition. An ethical definition of death is difficult because ethics are different for different people. My definition would be the same as the legal definition: If an individual ceases to breath and their physical and vital signs have stopped, they are dead. However, in cases where someone is in a coma for several years, or when someone has a terminal illness and wants to be euthanized, ethics come more into play in determining what is "right" or "wrong" in each situation (Santrock, 2008). Each culture sees death and mourning differently. In many cultures, the community is an integral part of the mourning. As an example, the Amish community works together when someone dies. A neighbor will make sure that everyone knows about it and the family will be supported for a year after the death. The Amish engage the family in moving forward by visiting them, bringing scrapbooks and homemade items, and starting new work projects for the widow. The Amish people also will hold the funeral in a house during the winter months or in a barn during the warmer months. It is the community that takes care of all the arrangements, including burial (Santrock, 2008). If an individual is working with children, it is helpful to know the developmental stages that children follow when they are growing and learning. Understanding the various theories -- psychoanalytic, behavioral and so forth gives an understanding of how small children develop through the lifespan. Understanding how humans evolve from birth to old age is important to the scholar-practitioner because this knowledge puts into perspective the various changes a person goes