Global issues in business policy

With the resulting recession, many governments of the wealthiest nations in the world have resorted to extensive bail-out and rescue packages for the remaining large banks and financial institutions while imposing harsh austerity measures on themselves.

Global issues in business policy

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In order to make up for a lack of sales from domestic and traditional markets for military equipment, newer markets are being created or sought after. This is vital for the arms corporations and contractors in order to stay afloat.

Respect for human rights is often overlooked as arms are sold to known human rights violators. Heavy militarization of a region increases the risk of oppression on local people.

Consequently reactions and uprisings from those oppressed may also be violent. The Middle East is a current example, while Latin America is an example from previous decades, where in both cases, democracies or popular regimes have or had been overthrown with foreign assistance, and replaced with corrupt dictators or monarchs.

Oppression often violent and authoritarianism rule has resulted. Sometimes this also itself results in terrorist reactions that lash out at other innocent people. A deeper cycle of violence results. The arms trade may not always be a root cause, because there are often various geopolitical interests etc.

However, the sale of arms can be a significant contributor to problems because of the enormous impact of the weapons involved. Furthermore, some oppressive regimes are only too willing purchase more arms under the pretext of their own war against terrorism.

In quoting a major international body, six basic points harshly criticizing the practices and impacts of the arms industry are listed below, by J. That the armament firms have been active in fomenting war scares and in persuading their countries to adopt warlike policies and to increase their armaments.

That armament firms have attempted to bribe government officials, both at home and abroad. That armament firms have disseminated false reports concerning the military and naval programs of various countries, in order to stimulate armament expenditure.

That armament firms have sought to influence public opinion through the control of newspapers in their own and foreign countries. That armament firms have organized international armament rings through which the armament race has been accentuated by playing off one country against another.

That armament firms have organized international armament trusts which have increased the price of armaments sold to governments. Smith was quoting the League of Nations after World War I, when Stung by the horrors of World War I, world leaders realized that arms merchants had a hand in creating both the climate of fear and the resulting disaster itself.

And unfortunately, it also summarizes some of the problems of today, too. Justification for arms and creating the market for arms expenditure is not a new concept. The call to war and fear-mongering is an old tradition.

This rush to globalize arms production and sales ignores the grave humanitarian and strategic consequences of global weapons proliferation. Already, profit motives in the military industry have resulted in arms export decisions that contravene such U.

Industrialized countries negotiate free trade and investment agreements with other countries, but exempt military spending from the liberalizing demands of the agreement.

Since only the wealthy countries can afford to devote billions on military spending, they will always be able to give their corporations hidden subsidies through defence contracts, and maintain a technologically advanced industrial capacity.

And so, in every international trade and investment agreement one will find a clause which exempts government programs and policies deemed vital for national security. Here is the loophole that allows the maintenance of corporate subsidies through virtually unlimited military spending.Our latest thinking on the issues that matter most in business and management.

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That’s why the State Department has an entire office devoted to women’s issues. With origins dating back to , the Secretary’s Office of Global Women’s Issues has a mandate to promote the rights and empowerment . With origins dating back to , the Secretary’s Office of Global Women’s Issues has a mandate to promote the rights and empowerment of women and girls through U.S.

foreign policy. Headed by an Ambassador-at-Large, the office leads the Department’s efforts to include women and girls in U.S. diplomacy, partnerships, and programs. Confounding the international policy challenge is the disproportionate impact of high oil prices and global warming across nations, insulating some countries from immediate concern while forcing.

Global issues in business policy

The case sparked global awareness of business’ human rights responsibilities beyond the factory walls, leading to the development of standards, advocacy, initiatives, codes of conducts, and eventually a comprehensive UN framework and principles for business and human rights.

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