Assess the reasons for opposition to Thatcher’s social and economic policies The main reason why Thatcher faced opposition to her social and economic policies was due to the controversial nature of them (more notably so in her economic policies), which generated the perception that her prime ministerial power was largely used for private greed, at the public expense. Thatcher’s most controversial economic policy, which ultimately lead to increased opposition, was the privatisation of the public industries; such as the British Telecom in 1984. These de-nationalisations were highly controversial as they were seen to be ‘selling off the family silver’, thus stifled fear amongst the electorate that private ownership would be more concerned with profits than service. This consequently reflects the main reason for opposition to Thatcher’s economic policies, as people wanted to sustain the standard set by the national services. Furthermore, Thatcher’s monetarist policies to tackle inflation faced opposition due to their highly controversial nature.
Credit crunch and recession are great examples of external factors influencing the business. If the people are suffering from recession, they will not have money to spend money and this is how it affects the businesses. The current instability in Iraq is a good example of what may happen to businesses. In business it’s very important to understand, monitor and adapt to the political environment, because it crucially affects every business. Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to.
1. From your understanding of the Sarbanes-Oxley Act, explain how you feel it may negatively affect America’s stock exchanges. The higher than expected costs for many public companies caused some companies to abandon their public status. The costs of SOX compliance negatively affect companies, markets, investors, and economic growth. Fewer companies are willing to enter the market because of the SOX requirements that make going public too costly.
Act). The collapse of the nation’s housing market brought to light a number of shady practices in poorly regulated corners of the business, such as work performed by unlicensed professionals and lenders/brokers simply jumping state borders undetected if they were banned in one jurisdiction, only to continue their operations in another state. The S.A.F.E. Act was enacted to protect consumers from such practices and clean up some of the so-called crooked aspects of the lending business that helped fuel the housing
Business Research RES/351 Business Research Business Research Ethics Ethical behavior has been overlooked in the past, but due to unethical business research, the manners in which businesses are run have changed. Unethical behaviors in business were becoming too common, so government laws and regulations were put in place to help regulate efforts of preventing these unethical practices. Research misconduct is both illegal and unethical. The government defines research miscount as "fabrication, falsification, or plagiarism." Unlike deviations from research methods, misconduct is always deliberate.
As people as a whole have proven time and time again, there are rules and laws and there are people whom break those rules and laws for personal gain. As long as people choose to be dishonest and unethical in their businesses and personal choices when it comes to finances, there will be financial fraud and investors will suffer financial
It uses Public money unnecessarily and is unfair to taxpayers. It makes financial reform going forward much more difficult. Protecting the markets for derivative products like CDOs and CDSs allows for a repeat of the risky practices that got us into the current crisis. And finally, by guaranteeing the corporate existence of large banks, we are maintaining their power and priorities and thus are not likely to see gains on predatory lending, foreclosure abuse, and other areas where reform is sorely needed. If we want to help the people who are suffering in this crisis and recession, then we should make financial policies with them directly in mind.
Black market traders had long held a tradition of smuggling consumer good from Europe to the Russian people. The fall of communism gave much more of an opportunity for criminal enterprise (Glenny, 2009, p61) Oligarchs often relied on the networks of criminals as in turn politicians relied on the networks of oligarchs. Russian Mafia networks helped push forward an economic growth in Russia. Mafia could quickly finance legitimate deals from criminal proceeds. In a western economy, the presence of a criminal entity would undermine the economy to an extent.
Application: Social Accountability in Central America Social Accountability in Central America. In this Tim Vickery's article it focuses principally of the conditions violations of human rights towards the workers and of the corruption of the governments and of the transnational ones in Central America. The transnational ones to expire with the demands of his products and to support acceptable costs, try to reduce costs to almost enslave his workers and the governments realize this but to avoid to scare the capital of these companies ignore these slightly ethical activities, clearly receiving bribes of the same companies. Answering the
Presidential scandals also have made Americans distrust the government. During 1960’s and 1970’s, the Watergate scandal may have caused low external efficacy because not only did the Nixon administration break into the Democratic National Committee headquarters, but they also tried to cover it up which means that politicians most likely hide other similar