Application of Ethical Theories
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Added on 2020-05-16
Application of Ethical Theories
Added on 2020-05-16
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GLOBAL UNETHICAL PRACTICES THAT NEEDPOLITICAL ATTENTIONS
Table of ContentsIntroduction:...............................................................................................................................3Discussion:.................................................................................................................................3Critical analysis:.........................................................................................................................3Application of ethical theories in that context:..........................................................................5Conclusions and recommendation:............................................................................................8Reference list:.............................................................................................................................9
Introduction:In this post-globalisation era, the increasing level of unethical practices in businesses amongdifferent countries are creating more issues by creating more wealth for the wealthycountries, whereas, less wealth for poor economic countries. Presently, different developedcountries especially USA develops the trade by bypassing the fair play of conductingbusinesses’. After the Second World War, an effective rule was developed for conducting anethical business and helps different other countries in conducting their business freely.However, in the present5 time US president Trump is establishing different policies byreducing the free trade. Different developed nations are concentrating on their ownprofitability rather than concentrating on the development of the nations. However, despite ofthe fact, political leaders do not concentrate on the development but they only focus on thetrade development. This study provides a clear overview regarding different unethicalpractices and it also describes how political leaders are avoiding this issue and only focuseson the trade development. For conducting the study, first a brief overview regarding theethical issues has been provided and then different types of ethical theory is applied in thatcontexts in order to understand the ethical issues with betterment.Discussion:Critical analysis:In the present era, along with the development of time, different developed countries arefacing dog-eat dog world of the compromise along with the opacity. However, developednations such as USA are not shifting towards the isolationist nation but they are mainlyassociated with following the protectionist’s trade policies before the economic health ofworld. It has been observed that trades are mainly reverts the rule book that were establishedin 19th century and the present American president Donald Trump is mainly responsible forthis shifts. Donald trump has developed a bargain with the Mexico and Canada for facilitatinga Nafta free trade deal. Along with that, Donald Trump has promised a tariff on every metalof different countries by 10 and 25% (NAFTA, Trump and Canada: A guide to the trade fileand what it could mean foryou, 2018). This situation can create negative impact on differentcountries that supplies metal to USA because it increases their export costs and create lesserlevel of profitability for the organisation and country that supply material to USA. Thissituation has highly affected Canada because they are the country that supplies large amountof metals. Therefore, charging tax despite of the exemptions can create higher level of impact
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