Margaret Thatcher was the first female and longest serving Prime Minister in modern Britain. Whilst in office she initiated what became known as ‘Thatcherism’, a series of social and economic changes that dismantled many aspects of Britain’s post war government. During her years in office, Thatcher’s popularity dramatically rose and fell as she made controversial decisions. As a result of Thatcherism, many historians and economic journalists have very definitive views on whether Thatcher was a successful Prime Minister. The legacy of Thatcherism and Thatcher herself still have major power in Britain, both in politics and culture, with many of the policies put in place under the Thatcher government still being of use today and the issues that she endured are managed.
What did Burberry do to stand out of the prejudices? Example for companies where they lost a lot of brand value. Branding was not that big for a few years ago, but nowadays and in the future, it had and will have a huge influence on what we are buying. We get as consumers highly influenced by what we see and what others are buying. Branded things cost often much more compared to non-branded things.
These cuts are mainly for wealthy individuals that own companies with the mindset being that lowering their taxes will create industry and provide more jobs; essentially a ‘trickle-down’ effect. Contrary to that belief, it has not resulted in economic growth, but has increased the national deficit while the
Nearly everything is outsourced from this country, we are 100 percent dependent on other countries to produce our items. Sure, we can blame China, we can blame the 3rd world, but the real problem is the corporations. It is big corporations that do not care about where the product is coming from but about maximizing profits as much as possible. Even companies that produce quality products are outsourcing to save money because it appeals to the shareholders, which all makes sense to a business person. There are some pros to globalization as Mike Collins states that, "supporters of globalization argue that it has the potential to make this world a better place to live in and solve some of the deep-seated problems like unemployment and poverty."
Introduction In today’s society Corporate Social Responsibility and issues related to social responsibility and sustainability are becoming more and more important, especially in the business sector. Corporate Social Responsibility can be explained as a corporate initiative to take responsibility towards the community for the company’s effects on social welfare and the environment. Nowadays, the increasing globalization puts a lot of pressure on companies and also creates fierce competition between large corporations. Due to this competition companies often choose for less expensive options, even if these choices involve unethical treatment of people in order to still make profit and to strengthen their companies’ position on the global market. For example, saving costs by outsourcing the manufacturing of their products to a third world country and letting hundreds of children work there under unethical poor conditions.
Furthermore, in the last decade, an increasing number of major shareholders attempt to influence corporate behaviour by using their equity stakes in organisation to pressure the management for improved performance and increase the value of their investments. However, shareholder activism is believed to be very controversial. Some proponents of shareholder activism believe that the involvement of shareholders in the management of the company ensures that the invested capital is spend properly and that the directors do grant themselves excessive remuneration packages and focus mainly on maximisation of shareholder value. Opponents, on the other hand, often criticise a high degree of shareholder activism as they considered that active investors are mainly focused on their own short-term benefits and profits and not on the long term aims and goals of organisations (Corkery,
As when the government is overspending, it has to borrow from private sector which will lead to an equivalent fall in private sector spending and investment. 3.1.4. Devaluation Devaluation refers to the fall of the value of a currency against to other currency. A fall in the exchange rate will result in cheaper for goods to exports and more expensive to imports. As a result, it helps to boost demand.
The waste industry is a mega industry and generates economic growth. Governments of poorer countries have been ‘forced’ to back down on economic and environmental regulations, because large companies threaten to take their business elsewhere. Therefore, there is less of an emphasis on clean production and more of an emphasis on job creation and attracting foreign investment. Companies seek the lowest production costs in a global market to supply the consumer with the best prices. These companies contract waste disposal companies to clean up the mess.
Since the market reform of 1978, the frequency of corruption cases has risen alongside the economy (Zhu). The seemingly logical connection to this would be that capitalism pervades corruption, but the causes of corruption, as examined through a case study of the office-selling chain in Heilongjiang Province, it was revealed that the issue has more complicated roots. Perhaps the corruption originated with communism, as illegal privatization of scarce resources deemed as a public good could profit an individual greatly. This same idea can be applied to government offices, as seats of power are also a scarce resource, which in turn, deinstitutionalizes the government. Although buying and selling public offices was prevalent in the past and also easy to find in other Western countries, China outlawed the practice in 1949 with its joining of the modern state system.
The reluctance comes from the fare hikes from the past which according to Guhit (2013) were measures taken by the government for the private proponent, MRTC’s, corporate interest. To support Guhit’s claim, Yap (2015) stated that Undersecretary Lotilla admitted that with current fares the rail transits are actually earning money which is more than enough to suffice for maintenance and operation costs. The Advocates of Science and Technology for the People (2015) added that privatization throughout the years has continuously estranged the poor due to the recent rises in prices. Furthermore, the government shoulders more expenses in privatization such as fare subsidies, annual leases, and foreign debt while only a small percentage of capital expenses are paid by the private proponent and in the end the private proponent, which in this case is MRTC, gains ownership of the infrastructure. Bayos (2013) stated that privatization won’t affect the train fare hike because of rising costs of necessities such as electricity.