Economic Analysis
This report analyzes the financial statistics to comment on the economic health of Switzerland. Just as the culture suggests diversity, Switzerland combines many of the East European economic values to create a diverse and healthy economy for their citizens. For example, Switzerland government provides a universal social security citizen to increase standard of living for the country. Citizens are able to enjoy benefits of unemployment, disability insurance, health and accident insurance, and family insurance. The benefits offered to the citizens of Switzerland improves literacy rates, secondary education statistics, and overall, the country’s ability to produce sound and intellectual individuals. Even though the benefits of universal social security system are advantageous to the standard of living for Switzerland, the social security system can also decrease GDP (Gross Domestic Product) in future years. With the steady growth of the population of citizens 65 years and older, who receive the most amount in benefits, causes increase spending and government hardship. The economic health of GDP depends upon the financial statistics of GDP, quality of life indicators, and the ability to trade internationally by sustaining free market policies and attracting foreign capital.
Gross Domestic Product
Overview of Gross Domestic Product. Ranked as one of the world’s most competitive economies, Switzerland’s 2012 record of GDP is $631.2 billion (citation). With a population in 2012 of 7.99 million, Switzerland serve as an important investment area for the international market. The GDP is stated to remain steady at 2% in 2013 and 2014 along with inflation, because of the slow economic factors affecting European countries. ...
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...tractive destination for doing business. (Citation)
Protection of Property Rights. Switzerland was a strong supporter of the Intellectual Property Rights text in the GATT Uruguay Round negotiations. The country holds a strong legal system for the protection of property rights for domestic and foreign practices. However, Switzerland chose not to prosecute on Internet piracy. (Citation) The actions chosen could results in a decreasing number of foreign investments as the global market through the World Wide Web emerges.
Corruption. Bribes are considered a crime through business practices and punishable for up to 5 years in prison. US firms investigating in Switzerland have not complained of corruption of Swiss firms in recent years. (Citation) Laws governing corrupt practices open the doors for multinationals to invest in a political and stable economic environment.
The runaway corruption in the country harms the business environment and causes collapse of various established institutions and industries.
Anti-bribery laws in the U.S. were established to prevent the rampant corruption exhibited in the Airbus case study. Similar anti-corruption laws do not exist in many of the host countries the U.S. does business with. Host county’s laws and regulations take on different forms especially when power, money and politics are involved, manipulating or creating a new set of rules to benefit their own selfish needs. Savvy sales negotiators, like those at Airbus, seek opportunities through loop holes, off shore accounts and large sums of bribery money, to entice country officials or others with the authority to make purchases to commit to Airbus. A more uniform worldwide approach to international laws needs to be adapted, implemented and more importantly enforced, so all companies involved can conduct fair business practices under the same set of rules.
With the development of international business, more and more companies get large profits in multinational cooperation, also led to a serious corruption problem at the same time. One of the most famous is the Siemens scandal. Although there are many laws to stop transnational bribery, many companies have to rely on bribes to win contracts. Some managers consider the social resources are limited and the distribution exist competition. A bribe is the easy way to obtain the resources that the companies original may not get. Furthermore, some of the company 's products have serious quality problem, the leaders of production will bribe prosecutors. Then the products into the market smoothly, however, this behavior will lead to unfair competition
Despite Switzerland’s small size, it shares borders with three major European cultures: Germany, France and Italy. This is an advantage for Switzerland,...
Their morals prevailed over economics and used their “solidarity” to unite their differences and solved a problem that was affecting the country as a whole. Reid demonstrates how in Switzerland, equality matters and that is how they are able use the basic rule of everyone having equal rights to solve the problems that most countries cannot figure. Reid states, “To have a great sense of solidarity among the people, all must have an equal right—and particularly, a right to medical care. Because it is a profound need for people to be sure, if they are struck by the stroke of destiny, they can have a good health care system. Our society must meet that need” (177). The Swiss were able to determine the basic concept that every human being is thought and changed their system that was resembling the American system and were able to tactically consult their issue. Their current system in which the government is in charge, individuals get their own insurance with a basic package, which is mandatory and if one desires, they can buy more insurance and also their companies are non-profit which reduced competition between the companies. This system can be beneficial in aiding everyone have insurance but the more conservative individuals will view this system as “socialized medicine”. The main arguments that are made
Professor Nichols. “The list of countries that have been politically or economically crippled by corruption remains to develop, and businesses with continuing benefits abroad will ultimately be harmed by any plans that include bribery.”
Transparency International defines corruption as “the abuse of entrusted power for private gain.” In politics, as we have learned, this includes (but is not limited to) fraud, bribery, embezzlement, influence peddling, lying, conflict of interest, and patronage.
In the business industry, there are ethical dilemmas that occur on a daily basis. Some ethical dilemma can include stealing or even having fraudulent documents in order to get an unfair advantage within the organization. Another ethical dilemma that has been brought into the light is bribery. What makes bribery unique is that in various parts of the world, bribery has become an acceptable behavior whereas other parts of the world people would consider that as unethical behavior. In order to understand what is acceptable or not when trying to bribe public officials, we must understand the principles of what is considered to be ethical or unethical.
Standard of Living, in a purely material dimension is the average amount of GDP per person in a country (therefore determining access to goods and services). However the term has a much broader, non-material dimension involving issues of quality of life and are therefore much more difficult to quantify. There is no single measure of SoL, but a range of indicators, which can be used together to give a good idea of a countries’ SoL. Reasons for GDP figures alone giving an incomplete understanding of SoL in a country will be explained in this essay, along with problems faced when comparing levels of development between countries.
Bribery poses difficulties on moral grounds because it is incompatible with the principal of human equality and the fundamental right for individuals to be treated with equal respect and concern. For an institution to adhere to this principle, they must operate with fairness and impartiality: nobody should have access to influence that is not accessible to all. Bribery operates as part of a mechanism by which influence is only available ...
Switzerland has one of the world's most stable economies. Because of the country's small size and highly specialized workforce, exports and trade are key to Switzerland's economic livelihood.
Corruption is defined as when someone in a position of power takes advantage of someone or a group of people (Hagen, 2013). An example of corruption is in 1988 New York City health inspectors made restaurants pay for passing inspection reports (Hagen, 2013). Payoffs are another form of occupational crime. This payoff mentioned earlier was unavoidable if the restaurants wanted to continue doing business. Another form of occupational crime is sweetheart contracts. This happens when the individuals in charge of a labor group and the negotiators privately agree to a deal that is not in the best interest of
“Switzerland is a peaceful, prosperous, and modern market economy with low unemployment [rate], a highly skilled labor force, and a per capita GDP among the highest in the world,” -Forbes. A right-wing economy with a blend of governmental policy is the most evident choice for promoting business. This economy fosters individualism and competition while still having governmental regulations on public safety. The economy and quality of life are inextricably linked: a better economic system equates to a better quality of life.
Bribery is wrong, and it would be almost instinctive to point at the benefits of impartially functioning public servants and incorrupt corporations to our democratic society as justification. However, in this imperfect world where bribery is rife in varying degrees, is it possible to express this notion convincingly? Certainly 'because the UK Bribery Act says so' is far less persuasive to a council planning office in Shanghai than in London, and indeed in compliance with section 7 of the Bribery Act 2010 which relates to commercial offences, it is essential that this question is engaged with on a corporate scale and without assertion through dogma. Accordingly, this essay will argue that elements wrong with bribery are inclusive of both moral and economic considerations. Moreover, in conjunction with international mandates, advent of aggressive legislation such as that of the UK Bribery Act 2010 is representative of global efforts to eliminate bribery. Hence, it follows that bribery can never be considered a normal part of business because it is economically unsustainable in the long term.
To start with, the term ‘bribe’ implies one person’s (firm, company, etc.) act with giving gifts (which can be described as money, some luxurious foods, documents, entertainment, or other) to another person to make everyone better off. This act is illegal since those gifts are given frequently under the law: one person wants to achieve his or her own profit by escaping some measurements that are not allowed in this case.