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Government Business Leadership

   

Added on  2020-02-24

9 Pages2086 Words33 Views
Running head: GOVERNMENT BUSINESS LEADERSHIPGovernment Business LeadershipStudent NameUniversity nameAuthor Name

BUSINESS ETHICS1)The article is about the problem that economic rationalism is losing its strength. Thearticle argued that Australian believed that globalization is no longer brings economicbenefit. All business policies are experiencing inequalities. The government is strugglingto manage their budget and maintain their financial excellence. The issues related toclimate and energy changes have to be controlled by the government as well. The‘Economics and Social outlook conference’ termed this time as uncertain time (Fennaand Tapper 2015). The country is in dire need of structural reform. Compare to othercountries a large number of the nation’s population is old people so the demographicforce is getting reduced every day and above that the advancement of moderntechnologies are affecting the lower skilled jobs’. The worldwide living standard is notgetting improved due to the lack of global trade. The country has been experiencingfailure in various aspects of the economy. The GST was a strong initiative economicreform which started off great but eventually dropped. The government had tocompromise heavily with the corporate tax reform. Personal income tax or distortionarytax is failing to serve their purposes (Potter 2016). The government needs to reevaluateand justify the plans in otherwise the author claims that the country’s living standard willgreatly get affected. The environment is not in favor for a change so the governmentmight have to face difficulties to incorporate those transformational strategies. The postwar era has created great expectations in the business world. However some leaders arefollowing trade strategies that will encourage ‘anti trade measure’ and deteriorate theliving standard even more. The open approach of trade is getting affected and thisprotectionism and this will result in damage of investment and growth. The developed

BUSINESS ETHICScountries are moiré likely to get affected by it if they implement this approachsuccessfully. 2)The article is written by the economics editor of The Australian Mr. David Uren.However it is not just him who voice and perspectives have been reflected on the article.He collected various views and reflected upon them in the present economic and politicalscenario. It is undeniable that the article speaks for the government, specially theAustralian government. The changes that the globalization brought have been losing itsimpact on the citizens of the nation (Coleman 2016). The nation has had performed in theglobal business market, but the quotient of financial excellence is not equal everywhere.The citizens are losing faith over government initiatives to improve the financialcondition. The government has been implementing various progressive tax policies thatare failing as well. The powerful business organizations and decision makers are alsobeen suffering for various reasons. The article talks for them as well. The articleaddresses the politicians as they are not succeeding to promote populism in the right way.The politicians are not being able to communicate the reform benefits the ordinarycitizens of the nations (Rose-Ackerman and Palifka 2016). The article is written for othernation leaders and politicians who are implementing some strategies are potentiallyharmful. The politicians are not engaging in extensive preparation and consultation priorto the implementation. The policies are often proved to be underprepared and not wellplanned and those are being imposed upon a population that is not ready. Politician likeDonald Trump is applying protectionism to secure his country’s financial condition in theglobal trade. However business councils and experts have suggested that this might affectthe country’s business negatively. The article refers to all the developed nations that are

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