Premium Essay

Gm520 World Bank

In: Business and Management

Submitted By doalpizar
Words 19952
Pages 80
The World Bank

Top of Form

Week 1: Business Ethics and International Responsibility - Discussion

This week's graded topics relate to the following Terminal Course Objectives (TCOs): A | Given an organizational requirement to conform business practices to both the law and best ethical practices, apply appropriate ethical theories to shape a business decision. |

I | Given specified circumstances of a business decision to expand to international markets, determine what international legal requirements or regulatory controls apply. |

| Click on the links in the "Topics" section to view the discussion topics. Then, click "Respond" to add your thoughts to the discussion thread. |

Topics |

Introductions (not graded, but required) | The World Bank Situation (graded) | Ethics and Patent Rights Post 9/11 (graded) | Q & A Forum (not graded) |

| The World Bank Situation (graded) |
Class, please read Chapter 2, problem 5 from the Jennings text, p. 72. This week, we will discuss the Wolfowitz situation at the World Bank. Consider the questions at the end of the problem as you make comments in the threads this week. What are the ethics here? Was Wolfowitz trying to do the right thing? Does that make a difference ethically? Throughout the week, I will bring in further questions. Be sure to read the lecture and the international ethics article stated in your reading for the week as well.
Rather than hitting the "Respond" button below to make your posts, please respond to any post made by me or your classmates below.


Expand All Collapse All | Print View | »Show Options | »Hide Options | Select: | Mark selected as: | View Selected View All | |

Responses |

| | | Response | Author | Date/Time* |

| | | which ethical resolutions models might...

Similar Documents

Premium Essay

Effective Presentations

...REASONS FOR FOOD PRICES RISING Over the past few years food prices are at dangerous levels according to the World Bank they have pushed 44 million people into poverty. There have been many suggestions as to why the food prices have gone up by extreme amounts. The world’s population is obviously increasing so food is harder to supply for the growing population but this is not the main reason why this has happened. Many countries over the past years have started to become more and more developed and so people are demanding more and better quality food. In other words changing diets in fast-developing nations such as China and India is considered main factor of price changes. Production has failed to keep up with the growing demand coming from these developing countries, pushing prices sharply higher. Another factor is that LEDC’s many times have problems with transportation. It is hard to export your goods and very expensive in some cases. Furthermore rising oil prices have boosted demand for bio-fuels. The use of land to grow plants which can be used to make alternative fuels- and the use of food crops themselves for fuel- has reduced food supplies and helped push up prices. The main reason though for the rise in food prices is supply has decreased due to severe weather in some of the world’s biggest exporting countries. Flooding hit the planting season in Canada, and destroyed crops of wheat and sugar cane in Australia. In addition, drought and fires devastated harvests...

Words: 318 - Pages: 2

Premium Essay

Competiting in International Markets

...the firm might be ok in different economic markets. In addition to why companies expand into foreign markets, there are four other situational considerations unique to international operations: * Country to Country Cost Variations – Differences in wage rates, workers productivity, inflations rates, energy costs, tax rates, government regulations, etc crate sizeable variations in manufacturing costs from country to country. Plants in some countries have major manufacturing costs advantages because of lower input costs (e.g. labour), relaxed government regulations, or unique natural resources. In such cases, the low costs countries become principal production sites, and most of the output is exported to markets in other parts of the world. Companies with facilities in these locations have competitive advantage. In a globally...

Words: 3082 - Pages: 13

Premium Essay

Micro Econ Paper

...Roughly 4 billion people living in developing countries and emerging economies do not have access to financial services such as credit, savings and insurance. Formal financial intermediaries, such as commercial banks, usually refuse to serve poor households and micro-enterprises because of the high cost of small transactions, lack of traditional collateral, lack of basic requirements for financing and geographic isolation. By doing so, these institutions ignore the enormous potential in talents and entrepreneurship of this stratum of society. Providing access to financial services will stimulate the independence and self-development of poor households and micro-entrepreneurs. This will help not only to improve poor people’s economic condition, but also to provide a way to maintain or improve their quality of life in the face of uncertainty. Moreover, gaining access to financial services is a critical step in connecting the poor to a broader economic life and in building the confidence for them to play a role in the larger community. Some of this slowdown can be blamed on events elsewhere. Europe’s pain, for example, has spread far beyond its immediate neighbors. The European Union remains the biggest foreign market for many emerging economies, buying about 19% of China’s exports and 22% of South Africa’s. By increasing access to financial services for the poor segments of society, the financial sector can play an important role in alleviating poverty in developing countries....

Words: 796 - Pages: 4

Premium Essay

Globalization and Its Discontinents

...F u r t h e r Praise for Globalization and Its Discontents " Development and economics are not about statistics. Rather, they a re about lives and jobs. Stiglitz never forgets that there are people at t he end of these policies, and that the success of a policy should be d efined not by h o w fast international banks are repaid, but by h o w m u c h people have to eat, and by h o w much better it makes their lives." — Christian Science Monitor " [An] urgently important new book." — Boston Globe " Whatever your opinions, you will be engaged by Stiglitz's sharp i nsights for a provocative reform agenda to reshape globalization. A m ust read for those concerned about the future, w h o believe that a w orld of decent work is possible and want to avert a collision course b etween the haves and the have nots." —Juan Somavia, d irector-general of the International Labour Organization " [Stiglitz s] rare mix of academic achievement and policy experience m akes Globalization and Its Discontents w orth r e a d i n g . . . . His passion a nd directness are a breath of fresh air given the usual circumlocutions of economists." — BusinessWeek " T h i s smart, provocative study contributes significantly to the o n g o i n g globalization debate and provides a m o d e l of analytical r igor c o n c e r n i n g the process of assisting countries facing the challenges of e c o n o m i c development and transformation. . . . Impassioned, balanced and i n f...

Words: 144836 - Pages: 580

Premium Essay

Business business takes into consideration the widening business horizons for the economies as they spread their wings to reach out to new international markets. The term means that companies now operate in multiple markets freely with lower legal and tax barriers and more opportunities to tap the market. This has also enhanced the scope of flow of goods and services from one country to another and have made the countries showcase their competitive advantage over others in the world market. The exports have grown with the rise in globalisation as countries reach out to other in the market to take advantage of the competitive advantage of each other. This has helped each country to develop its resource base and act as a supplier of goods and services to other countries in the world through the export market. For eg. China has become the manufacturing hub of the world because of the globalised economy. India offers quality services mainly in IT, medical and tourism to customers all around the world. Globalisation in terms of international business also elates to more and more distribution of work among those in the market who can do that most efficiently and in a cost effective manner which has resulted in the growth of outsourcing sector in the past few years. The advent of globalisation in the international business has also made the countries more dependent on each other as they become entangled with each...

Words: 1640 - Pages: 7

Free Essay

World Bank

...How important is the World Bank to the global environment? During the past 15 years, the World Bank has committed to $693 million in Global Environment Facility (GEF) grants for over 70 projects in the Africa Region (Sub-Saharan Africa) which represents 22 percent of the total World Bank-GEF grant commitments”(World Bank, 2006). The projects implemented by GEF have focused on five key areas. They include the following: * Biodiversity conservation * Climate change * International waters * Land degradation * Organic pollutants History has shown how vital it is to invest on all levels in order to produce and maintain global benefits. The success of local benefits is essential to the success of GEF’s goals and rd work for the environment. “A principle determinant of success or failure in generating and maintaining global benefits is the extent to which local communities are involved as direct actors in the process and are motivated by having a stake in the outcome”(World Bank, 2006). The World Bank and GEF’s goals are to minimize poverty and improve the living standards among the people. They will achieve this by continuing to grow and invest in people. “The World Bank’s long experience in rural and community development, its financial capacity, and its policy of mainstreaming global environmental concerns into the development agenda mean that it is well placed to support environmental projects through a solid grounding in the broader......

Words: 263 - Pages: 2

Premium Essay

State Capitalism and Globalization

...Economist, China, alone, has 121 SOEs over which the government has direct control (2011). When bank loans are granted, the favored SOEs are the recipients and government controls the reins by retaining a controlling stake of shares. Likewise, SOEs are given preferential interest rates and allowed access to land at prices that are below market value (The Economist, 2011). Government intervention affects the prospects for economic and business development in a negative way by encouraging inefficiency and biased decision-making that may not be in the long-run interests of the company. In China, favoritism is rampantly on display and the government picks the winner and losers (The Economist, 2011). Furthermore, while many free trade economies – like the United States – often encourage foreign investment, China only appears to do so. SOEs are often given preferential treatment while foreign investors are subject to over-regulation (The Economist, 2011). 2. The globalization of markets and of production has lowered the barriers to business development. These barriers stood in economic, political, and social sectors of the world market. This rise in free trade and has led to an increase in the private sector, but this is miniscule compared to the control and power of State Owned Enterprises (SOEs). For example, a little over twenty-five percent of the one-hundred largest companies in the emerging world are SOEs. The state owned sector has been challenged and forced to retreat by......

Words: 939 - Pages: 4

Premium Essay

Neoliberal Economic Model

...It is understood that the general characteristic of neoliberalism is to emphasize and expand the market by increasing transactions and conducting trades to help reinforce the economic power of the latter. Every action is a competitive, market transaction that can occur in a short time or at a fast rate. Economic policies that are promoted by governmental organizations like IMF and structural adjustment programs adequately re-distribute resources from the poor to the rich, which may create poverty and inequality. However, the repayment of debt from these governmental organizations has resulted in deproletarianization. The neoliberal economic model is deemed unsustainable because not all countries have access to the same resources and benefits. In addition, neoliberalism does not fully account for gender and racial divisions of labor that is an obvious feature in the global economy. For example, many people who are already living in poor countries who need to obtain access and control over resources they need to survive such as, food, water, shelter, and clothing are limited and declining. This issue of inequality is focused on women because they are often responsible for providing food and other necessities for their families. In order to overcome inequality and reach a balance of accessing resources and government benefits within countries and people, re-distribution should be overturned. Obtaining access to resources and a healthy environment is a product of human rights and...

Words: 291 - Pages: 2

Premium Essay


...Summary: This topic is about ‘world car’. Hence world car means only single type of car that production and marketing globally. But they observe that it is too much expensive to produce. So first time Company pull up this project. Later they again want to establish this project in 1981 but again they were failed to establish. But company determined to establish this project. Finally 1993 with well-coordinated teams and designers from around the world finally company produced the car. Question and Answers: 1.Is the company’s new car really a ‘world car’? Why or why not? Ans:I think it is not ‘world car’. Because ‘world car’ means that used globally. But this car not used globally. Even in Europe this car not sells regularly. The car was having problem in Europe. 2. What are the advantages and disadvantages of trying to develop a single product for a global market? Ans: There are some advantages and disadvanges develop a single product for a global market. Advantages: #Cost minimized #Minimum Resource #Easier to produce #Easier to marketing Disadvantages: #Not to easy for global marketing. # Many of the undeveloped and developing country will not be able to purchase the car due to high currency fluctuations. # It is tough to maintain the same standard for different countries. #. Different market will not accept until it fulfills their requirements 3. Should an automobile company have a strategy for developing for developing such a product?......

Words: 322 - Pages: 2

Premium Essay

Term Paper

...Introduction The Small and Medium scale Enterprise (SME) are recognized worldwide as engines of economic growth. The commonly perceived merits often emphasized for their promotion especially in the developing countries like Bangladesh include their relatively high labor intensity, dependence on indigenous skills and technology, contributions to entrepreneurship development and innovativeness and growth of industrial linkages. The case for fostering SME growth in Bangladesh is irrefutable as these industries offer bright prospects for creating large-scale employment and income earning opportunities at relatively low cost for the unemployed especially in the rural areas strengthening the efforts towards achieving high and sustained economic growth which are critically important prerequisites for triggering an exit from endemic poverty and socio-economic deprivation. These promotional arguments for the SMEs, while universally emphasized are often put forward by their ardent advocates in a small versus large context and thus arouse serious debates concerning their economic viability. Much of such controversies may, however breakdown if the intrinsic virtues specific to SMEs and unavailable to large-scale industries are correctly identified and carefully exploited. A combined interaction of the forces of product-mix, location factors, technological advantages and market advantages create opportunities for SMEs to grow and prosper at all levels of development which are often......

Words: 7518 - Pages: 31

Premium Essay


...3/14/2014 Stampa Dal Mondo Globalism's Discontents Ittzoifnnireitrainl,noerchzeenoepvrài u sgi siuin iazai nenzoai uv icez uv oet n n ago dlNbl e oe Pubblichiamo l'articolo, comparso su "American Prospect" all'inizio del 2002 di Joseph E. Stiglitz, premio Nobel per l'economia e profondo conoscitore dei meccanismi economico-finanziari internazionali, dal titolo "Globalism's Discontents". Questo articolo è la base del libro di Stiglitz pubblicato in ottobre in italiano dall'editore Einaudi col titolo "La globalizzazione e i suoi oppositori". Few subjects have polarized people throughout the world as much as globalization. Some see it as the way of the future, bringing unprecedented prosperity to everyone, everywhere. Others, symbolized by the Seattle protestors of December 1999, fault globalization as the source of untold problems, from the destruction of native cultures to increasing poverty and immiseration. In this article, I want to sort out the different meanings of globalization. In many countries, globalization has brought huge benefits to a few with few benefits to the many. But in the case of a few countries, it has brought enormous benefit to the many. Why have there been these huge differences in experiences? The answer is that globalization has meant different things in different places. The countries that have managed globalization on their own, such as those in East Asia, have, by and large, ensured......

Words: 5331 - Pages: 22

Free Essay

Are Third Worldcountries the Losers of Globalisation

...Are Third WorldCountries the Losers of Globalisation Page 1 Dennis DamerAre Third World Countries The Losers1/10of Globalisation? Are Third WorldCountries the Losers of Globalisation? Economics Term PaperBy Dennis DamerSS 2002 Content: Page 1. Introduction 22. What is Globalisation? 33. The Origins of Globalisation 34. The Third World 4a. African 4b. Asia 5c. Latin America6d. Russia 75. Globalisation - the Culprit? 76. Bibliography 97. Notes 9 Page 2 Dennis DamerAre Third World Countries The Losers2/10of Globalisation? Introduction Today more than a billion people areliving in extreme poverty having lessthan one dollar a day at their disposalto live or merely to survive. Moreover,until 2015 the world’s population willlikely have grown to 7 billion1. Add tothat 58 million HIV/Aids infectionslargely in the third world countries andmore specifically, Africa.Despite constant lamentation aboutextortionate taxes and poverty inwestern countries Europe, NorthAmerica and part of Asia is wealthierthan ever in the history of mankind.Investors from Europe put their moneyto work in countries around the world.Wal Mart recently announced $220billion in sales for 2001 making itbigger than the economies ofIndonesia, South Africa or Turkey².In the last two decades internationalflows of capital, goods, services,information and labour increased involume and accelerated substantially.In some industries national boundariesbecame obsolete, like remnants of a NGOs and pressure......

Words: 2482 - Pages: 10

Free Essay

Nicaragua - a Country in Crisis

...Nicaragua: A Nation in Crisis Marbely L. Robison Strayer University Abstract Nicaragua suffers from serious social problems, aggravated by warfare and economic crises. The economic crisis of the 1980s, coupled with the Contra War, has worsened the greatest social problems Nicaragua has faced in the past few decades, namely unemployment, poverty and starvation. Widespread poverty and unemployment have lead to housing shortages, malnutrition and rising crime and illiteracy. More than half of Nicaraguans live in poverty; the statistics for unemployment and underemployment are just as high. Nicaragua – A Nation in Crisis Nicaragua is a land of lakes and volcanoes. The country also boasts the longest rivers, vast coastal lagoons, and hundreds of miles of sea coast. Although a beautiful country, Nicaragua is the second poorest country in the Western Hemisphere, with Haiti being the first. Nicaragua faces three main social problems: unemployment, poverty, and starvation. Unemployment Nicaragua's unemployment hovers around 70 percent, the highest in Latin America. Because of the uneven distribution of wealth, as well as the economic and political commotions, the poor have even suffered during periods of economic growth. Nicaragua’s economic crisis left the country in terrible straits. After years of hyperinflation, salaries have become nonexistent. Many Nicaraguans are forced to supplement their so-called salaries by working in the black...

Words: 941 - Pages: 4

Premium Essay

Free Trade for Poor Nations

...…………………………………………………………………………….. 7 List of references ………………………………………………………………………8 Introduction Through globalisation, competition, specialisation and access to technology, free trade and openness has allowed most countries to improve their growth enormously. Free trade has allowed and opened up a lot of opportunity for developing nations to improve their economy and to make provision for rapid growth. The comment that free trade cannot work or be in the interest of the world's poorest countries due to them being at a competitive disadvantage in every sector is a little false, as free trade has shown to help some but not all such or similar nations. Free trade can help the poor increase their wealth and provide opportunity however, in today’s world, free trade may also act as a hindrance to growth and lead to even greater poverty and resentment toward larger economies. This report aims to argue both points that free trade can work in developing nations and be in the best interest of poor countries. However, there are many counter arguments against free trade and how ethical and political issues have damaged the vision and essence of what free trade should be about. In order to understand both arguments, the essence of free trade should be defined. The likes of Adam Smith, David Ricardo along with other known economists define and believe that ‘free trade’ enables all nations to gain, leading to the most efficient use...

Words: 1949 - Pages: 8

Premium Essay


...Axia College Material Appendix A Final Project Overview and Timeline Final Project Overview: Analyze a Sociological Issue In this course you have learned about many different kinds of social problems in societies around the world and in the United States, such as poverty, social inequality, race and cultural discrimination, gender stratification, environmental damage, population growth, and urbanization. For the final project, you will write a 1,750- to 2,450-word paper examining the impact of a current social problem on a particular social group. You may choose a social problem and social group from the list below, or you can research a social problem and social group that is not in the list. However, if you choose your own, you will need to submit a request for approval to the instructor by Week Four. | | |Suggested Social Problems and Social Groups List | |Choose one combination of a social problem and a social group from the list below. | | | |Social Inequality and Minorities in the United States ...

Words: 784 - Pages: 4