Would it be conceivable for all nations to agree upon and ratify a Essay

Would it be conceivable for all nations to agree upon and ratify a comprehensive code to govern international trade in the not too distant future Examine all a - Essay Example ed from all countries around the world (with no differentiations suggested) is a quite challenging task; each country within the international community has its own priorities and interests and the satisfaction of all these interests around the world is not feasible. As an example, referring especially to the issue of ethics in businesses worldwide, it has been proved that ‘cultural differences often limit the effectiveness of a uniform international code of ethics because they create a lack of consensus within a profession as to what constitutes acceptable behaviour’ (Vanasco, 1994, 12). In other areas also the development of a text that will be accepted by all participants (referring to the trade transactions globally) is not easy to be achieved. However, intensive efforts have been made by states internationally in order to develop a code of international trade that will be acceptable by all countries around the world (no matter their social, political or cultural cha racteristics). The potential feasibility of the above target is examined in this paper referring to similar efforts made between specific states within the international community. Moreover, the terms of success of these efforts are being examined trying to identify the key elements of applicability of the relevant plans either in the short or the long term. The leaders of states have been proved to have a critical role in the success of these projects; however other criteria, like the position of the countries globally (in political and financial terms) as well as its power to support its policies have been found to have a role in the success of these plans internationally. International trade has many different aspects. Its effects on the economy of each country globally can be significant. For this reason, in the literature and the empirical research the potential chances for success of relevant schemes (based on a code applied internationally) have been extensively examined. In order to

Management class Essay Example | Topics and Well Written Essays - 500 words

Management class - Essay Example It is good that the people behind Merck have contributed a lot of their time and effort in searching for an effective drug that could treat onchocerciasis. Without the researchers and innovators behind Merck, a lot of less fortunate African people that lives in nearby rivers and works in the farm would still suffer from the said epidemic disease. Many of them would still go through the process of losing their eyesight and develop some uncontrollable itching, swelling, and thickening of the skin. (Salaam, 2002) If only Merck uses alternative methods such as ‘microdosing’ in new drugs experiments (Rowland, 2006) instead of using animals on their experiment, the result of the company’s success in developing Mectizan ® would have been so much better for all of us. When Vioxx ® was subjected to pre-clinical and clinical data, the drug was found out to have side effects particularly on gastrointestinal, cardiovascular, and renal safety of the users. (Martin, 2006a) Despite knowing the harmful effects of Vioxx ®, the company decided to continue the selling of the drugs. In fact, the company collaborated with the FDA not to include the NSAID-class gastrointestinal warning on its label but instead, to modify it. (Martin, 2006a) As early as 1997, questions about the cardiovascular safety of Vioxx ® have been raised. (Martin, 2006b) Since Merck has modified the warning label on Vioxx ®, a lot of consumers were not provided with a more solid warning with regards to the use of the product. It was only in September 30, 2004 when the company formally declared the voluntary worldwide withdrawal of Vioxx ® from the market. (Kim, n.d.) Approximately four years after a numerous incidence of cardiovascular problems and a lawsuit against Merck were reported to be cause by the use of the drug. (CNN Money, 2004; Berenson, 2005) It is advisable for consumers to study carefully the possible side effects of the drugs they are planning to intake. Promotion of drugs can