Article Review about White Collar Crime Essay Example | Topics and Well Written Essays - 1000 words

Article Review about White Collar Crime - Essay Example I also learned that the old cliche â€Å"honesty is the best policy† always works. I learned that the time has come for the accounting profession to adopt a zero telerance policy against wrongful and dishonest behavior. This assignment also made me realize that not all good intentions are laudable. Doing a good job does not necessarily mean that it is laudable act. There are orders from our superiors that are illegals such as â€Å"coooking the books† that should not be followed. Being a good soldier will not absolve an employee from such criminal act. I learned from the article that our employers cannot pushed or forced us to do it and we cannot be bullied into submission because we are protected by law against the commission of such illegal acts. Corollary to this, whistleblowing and stopping the act right there and then could be detrimental to the employee. It is better that to stay in the organization and just quietly collect evidences and approach a lawyer who has an experience in litigating such cases. Obtaining evidences that we do not have access to, even if our intention is good, will not hold in court because because one’s hands are also dirty. Above all, the motivation of those who whistleblowed was not necessarily out of monetary reward, but out of their conscience to stop the illegal act. 2. How the article relates to our class discussions. This relates to our class discussion in a way that the practice of ethical behavior prevents wrongful and dishonest behavior in the accounting profession and other similar profession. It also relates to the discussion that following orders of a superior is not always morally right especially if the order is unlawful. Being a good soldier will not and cannot absolve an employee from doing a wrongful and criminal act. It also relates to the discussion that the accounting profession demands a high standard of ethical behavior and that the time has come that such criminal act is no longer tolera ted. 3. Your analysis and thoughts, and whether you agree or disagree with the authors.    The article made me realized that the recent financial crisis and corporate scandals that recently rocked the news was caused by this unethical and criminal behavior as perpetrated by those in the white collar industry especially those belonging in the financial sector. I need not elaborate the consequence, but it is already enough to tell that such collective unlawful acts precipitated and slid this country and the whole global economy into recession that caused a lot of people to lose their jobs and their homes and made life difficult for all of us. This consequence stresses the need why there is a need for strong a ethical behavior enforced by the zero tolerance against a criminal behavior in the accounting profession and financial industry. It is an eye opener to realize how the author illustrated the point that good intention is not necessarily laudable. I agree with the author fully wh en it was discussed that it is not wise to stop an illegal act right there and then especially if we are still in the organization. It will be prudent to quietly collect evidences and seek the help of an experience lawyer. Considering the consequence of this dishonest behavior to the economy in general, I agree with the author that the penalty should far exceed the benefit derived from those wrong doing. It made the lives of a lot of people

International Business Analysis Essay Example | Topics and Well Written Essays - 2000 words

International Business Analysis - Essay Example Furthermore, given the reltively smll economic size of these economies, even smll mount of foreign investment cn ccount for lrge percentge of their totl investment nd therefore generte significnt impct. The spred of multintionl firms ws often viewed with suspicion nd mistrust in such countries, prticulrly in those tht pursued strtegy of import substitution. In this pper I will tke look t both positive nd negtive effects of multintionl firms on the economies of developing ntions. I will rgue tht such compnies through their ctivity provide FDI in the economies tht re still under development nd spek bout pros nd cons of the globliztion in frmes of multintionl firms. The concept of linkges will be discussed in order to understnd the link between the multintionl firm nd the effect interntionliztion on the economies of developing ntions. Multiple mrket forces re behind the observed growth of multintionl firms: reduction in costs of communiction hs esed the constrints on globl rtionliztion of production nd the informtion technology revolution hs creted mrkets for mny new products nd services. Incresed world trde in services hs further contributed to globliztion of multintionl firms since services often require suppliers to hve physicl presence in mrket. However, chnges in the mrket environment do not cpture the whole story. Policy inititives hve plyed centrl role: mny countries hve gone further thn simply removing brriers to inwrd multintionl firms nd hve tken more pro-ctive pproch towrd ttrcting multintionl firms to enter the mrkets of developing countries through the use of fiscl nd finncil incentives. This new, more fvorble, policy environment in mny developing nd formerly communist countries contrsts shrply with historicl ttitudes towrd multintionl firms in these countries. The recent wve of liberliztion of trde nd FDI policies suggests tht the optimistic view of multintionl firms seems to be gining the upper hnd. One mnifesttion of this trend of liberliztion is the prolifertion of bilterl investment treties cross countries: there now exist 1,513 bilterl investment treties mong countries, compred with fewer thn 400 t the beginning of 1990 (UNCTD 1998). Of course, the filure of import substitution s strtegy for development is crucil reson behind this remrkble turnround in policies in mny developing countries. Within the more optimistic view of effects of multintionl firms to the economy of developing ntions is tht it pushes forwrd the process of industril development by creting linkges with the rest of the economy Fundmentl concepts In clssic work, Hirschmn (1958) developed the concepts of bckwrd nd forwrd linkges nd nlyzed their importnce for economic growth. In his own words: The setting up of n industry brings with it the vilbility of new expnding mrket for its inputs whether or not these inputs re supplied initilly from brod. This enhnced mrket exerts bckwrd pressure for estblishing industries tht supply the new entrnts. He clls this process bckwrd linkge effects: Every non-primry ctivity will induce ttempts to supply through domestic production the inputs needed in tht ctivity. Similrly, forwrd linkge effects re creted when one industry uses nother industry's outputs s its inputs: Every ctivity tht does not by its nture cter exclusively to finl