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China
The Dilemma of a Ethical Practices and Profitability of Trading with China
China continues to have one of the world's strongest and most resilient economies, achieving a 10.3% Gross Domestic Product (GDP) growth rate in 2010 compared to the world average of 4.2% and the United States' 2.9%. U.S. Lawmakers continue to question the $4M in foreign aid that Congressional budgets are requesting for one of the fastest growing economies globally today (Pennington, 2011). Despite the rationalization that this significant amount of investment is necessary for clean energy primary research, the rationalization is weak when compared to the many economic challenges and hardships the U.S. continues to face (Pennington, 2011). As of October, 2011 the cumulative 2011 trade deficit with China is today at $217B, down from a high of $270B earlier in the year. Arguably China could more afford to provide foreign aid to the U.S., not vice versa.
Analyzing how China's Outlook Is Different Than the...
China also has an aggressive currency strategy that further mitigates the risk their globally-based businesses while also stabilizing their domestic economy (Ho, Redfern, 2010). The combined effects of these economic policies has further distanced Chinese manufacturing firms globally from their competitors, as many are now so tightly engrained into the world's largest industries that they are essential to products being produced at a cost-effective rate. By taking this highly synchronized strategy of supporting business with government initiatives, China has emerged as the next economic superpower.
Meanwhile the U.S. is slowly becoming balkanized thanks to partisan politics and an indecisive electorate that can't seem to solve the biggest economic crisis the country has seen in nearly seventy years. This is the reason so many Americans own Chinese products. The…
References
Ho, C., & Redfern, K.. (2010). Consideration of the Role of Guanxi in the Ethical Judgments of Chinese Managers. Journal of Business Ethics, 96(2), 207-221.
M Islam, & M. Gowing. (2003). Some empirical evidence of Chinese accounting system and business management practices from an ethical perspective. Journal of Business Ethics, 42(4), 353-378.
Lawrence, W., & Sun, W.. (2010). A Cluster Approach towards Enhancing Chinese- American Trade Opportunities. International Journal of Business and Management, 5(2), 44-51.
Pennington, M. (2011, November 15). Lawmakers scrutinize u.s. foreign aid to china. Washington Times. Retrieved from http://www.washingtontimes.com/news/2011/nov/15/lawmakers-scrutinize-us-foreign-aid-china/
Ethical Practice Involves Working Positively Diversity Difference Counseling is a profession that involves associations based on principles and values ethically. Patients are able to benefit by understanding themselves better and through creating relationships with others. Through counseling, the clients are able to make positive alteration in life and enhance their living standards. Communities, organizations, couples and families are different groups of individuals are main sources of relationships (BACP Ethical Framework, 2013,
The core of the problem that is tied to use of child labor by its suppliers is price. Incase apple tries to police the suppliers they might shift the problem to another part of the firm or even create more problems. This therefore means that Apple should give severe penalties and punishments in combination with general hands off approach to compliance auditing regarding to issues outside the quality of
2009; Zhang et al. 2009). Claims of the programs' success in general are also claimed to be highly exaggerated in official reports, which often provide the only numbers available on the subject (Jacka 2007; Xiaokang 1996). The human rights issues that the programs either directly and explicitly entail or quite predictably and verifiably lead to are the main source of the criticisms directed at China's official birth control policy and
There was also a tainted milk outbreak that affected more than three hundred thousand Chinese children. The products were found to have traces which are very minute. This has led to the delisted of nestle products from china. This is a very big blow to nestle as a company since it has lost a big population which as a consumer of its products. This means that the ethical dilemma
Ethical Dilemma Business and ethics don't mingle and according to popular belief they are two opposing forces. The goal of business is profit maximization and ethics are a body of rules that should guide any and all actions. Traditionally it is thought that ethics hinder rather than support the achievement of the corporate goals. However, in recent times corporations and the business world are more focused on the ethics. It pays
Ethical issues are now just as much of a concern as they were thirty years or more ago. (Qian, Gao, Yao & Rodriguez) Ethics are a clear set of principles dealing with what is considered appropriate behavior in-group and individual counseling. These standards were created not only to protect clients, but also to protect counselors. As a counselor, a fine line can easily be crossed if the counselor and/or the