The few recent centuries have not, however, changed one thing – the power of corporations, and wealth they represent. Society and social views do change with time, but they are greatly influenced by the…
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Democracy, in its turn, is an ideal medium for the development and growth of businesses and corporations. Democracy and capitalism, in this sense, are the systems that consciously and lawfully encourage and allow so-called “free market” and “market competition” where the strongest wins. The strongest now means the richest. Those, who have got their influential and powerful positions in the global marketplace, will never let anyone new in. They play in democracy and in competition. They are more likely to agree on each one’s market share, than to share the market with one more pretender to wealth.
As for the overall concept of democracy, it is the system which is supposed to provide each citizen with an opportunity to influence the politics of the country and take part in the legislative practice of the state. On practice, however, we have a system which imposes the will of the elite to the general public, making people think the way they are supposed to think. With the help of the media the strong of the world can influence people’s thinking and opinions. As a result, we get a nation that is taught to believe in its government and not to question the government’s decisions.
According to the research conducted by the Center on Budget and Policy Priorities (Huang and Stone), nowadays the largest income concentrates in hands of 0.1% of income receivers. Inequality between high- and middle-income Americans has been rising since 1990. The tax returns data of 1917-2004 shows a U-shaped trend in the percentage of income received by the top 10% of income recipients (Burtless and Haskins 497). In 2005 the rich got 18% of the nation’s income (Colson). Consequently, the rates of economic and, as a result, political inequality reinforce each other and compromise democracy (Jencks).
Furthermore, the richest Americans not only avoid high taxation, but enjoy an enormous political influence in
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According to the film, a corporation is a form of business ownership; a group of individuals who work together to serve a variety of objectives. The principal one of which is earning large growing, sustainable, legal returns for the people who won the business.
Different scholars have argued about the role of corporations in complying with host country laws and promotion of their human rights. While others feel the corporations have failed, others fell that corporations are doing all they can to fulfil their social responsibility.
The definition of corporate citizenship includes Carroll's (1979) classification of four key corporate social responsibilities. These are economic responsibility, legal responsibility, ethical responsibility and discretionary responsibility. Economic responsibility incorporates the obligations for organizations to achieve economic growth.
Multinational corporations manufacture products in many countries and sell to consumers around the world. Money, technology and raw materials move ever more swiftly across national borders. Along with products and finances, ideas and cultures circulate more freely.
In addition to size and financial strength, they have progressively become more potent; their significance amplified and they have become influential players in the global showground. With 800,000 affiliates abroad, 60,000 TNCs in the year 2000 had as foreign direct investment (FDI) an overwhelming $1.3 trillion (UNCTAD 2001).
It manages production and/or delivery of services in more than one country. These corporations are very powerful and some do have revenues, profit and budgets that exceed the gross domestic product (GDP)'s of the host countries hence have a powerful influence on world affairs and on globalization.
Facilitation payments and nepotism will continue to confuse and confound business and legal circles as long as business lasts. There is no end in sight to them. Different countries have set different parameters on the basis of which they are evaluated and judged.
It should meet the requirements of the business to run in a matter of months plus allowances for bad debts and delayed collections.
Extending credit is not a normal practice with small businesses at present or even big businesses because it will ultimately affect their revolving funds.
A careful examination of Enron and its political involvement through the mechanism of political contributions would appear to suggest a number of fairly reliable conclusions. First, Enron expected a variety of favors and preferences, both domestically and internationally, and these favors ranged from the deregulation of energy to political appointments.
The period witnessed the American economy overtaking the British, and German economies in terms of output, modern practices, and profits. US corporations were able to take advantage of high level of foreign investment, a growing domestic market, as well as improving
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