Wednesday, February 26, 2020

International Business Law Essay Example | Topics and Well Written Essays - 1750 words

International Business Law - Essay Example Case #1 The case is presented within the jurisdiction of an international court of justice. Other countries have joined together to challenge oppose what they term as the annexation of the space country X. Joining them is country Y which may have the same interests as those of country X. They are justified to so do as they as signatories of â€Å"The Outer Space Treaty† which they did sign back in the year 1966 (Zines 2008). The case presented is the opinion of all member treaty was signed for the use and exploration of space was bringing conflicts among the superior state (Zines 2008). It came at a time when technologies were cropping up and great inventions being carried. The main purpose of this treaty was to ensure that weapons of mass destruction like nuclear bombs are not developed in the space. The super power countries don’t have trust in each other and they fear spying on their secrets Country X’s activities are within the provisions of the treaty. The treaty did state clearly that the space is freely accessible to the entire world and to any country that wishes to do so. This country is trying to explore the space scientifically which poses no danger to the world and other countries. It is not clear to the court that no other country has ever tried to intensify their activities in the space. Country X is a busy trying to explore the mysteries that are still hidden to the mankind. It has not in any case breached the terms of the treaty by occupying the space. Other allegations are that the country has put up its flag and claimed about 1000 square meters of the moon. The provision in the treaty is that no any country shall claim ownership on the ownership of space. Therefore, the court orders country X to remove its flag from the space and not to claim ownership of the area they have annexed. The landing station it has built on the moon is to be removed. This treaty did define that the space is free for all nations. However, the country has never been reported to carry out activities that may endanger life in the world. The court is just to order that the country needs to make their activities transparent to the world. The court has also found out that the countries launching complains are having fear of the unknown due to the secretive activities of the accused. Country X has promised to be responsible their activities and there are no complaints of negligence. It is stated clearly in the Outer Space Treaty that â€Å"countries exploring space are responsible and liable for any damage their activities may cause†. The court can conclude from whole proceedings that the accused country has established a base in the space. Reports of weapons and any arms are not there. The complaint brought by the 45 countries though presents the opinions of the world but these countries seem to have conflicts of interests. Take the case of country Y for example; joining the case afterwards. It beats logic how loud this country is launching it’s complain. The world today is being faced by cold war from the superpowers since they are the only ones that have the machinery to reach space. Country Y may be having interests in the in the space. Many decades have passed since man landed in the space. No any other country has ever tried building their base in the space. This country has not touched space objects like the steroids and the orbits. They use their own spaceship to navigate and have never touched the satellites. The court hereby rules that country X is free to explore the space. The case presented is a matter of further consultation among these countries. The decision has been arrived at since the court has found that these countries have common interests. They are all bound by the treaty they signed. Asking the court to exempt country X from space is unjust because a provision in the treaty allows them to do so. T he court, however, compels this country not claim

Monday, February 10, 2020

Economics for managers Essay Example | Topics and Well Written Essays - 1500 words

Economics for managers - Essay Example 246). This is the reason why the national governments of most of the nations attempt to enhance the GDP level of their respective economies. Some of the reasons why GDP of any nation could not be used to evaluate the standard of living prevailing in a nation and hence, its well-being, have been depicted underneath. Firstly, GDP takes no account of the distribution of wealth or income among the residents of a given nation and thus, does not portray a true account of the standard of living among various strata of the society. One appropriate example of a lack of discreteness of GDP, in measuring the well being of any nation could be derived from the terrorist attacks in USA in 2001. The attacks left the nation distraught and its citizens at a worse-off state. Many people lost their lives and among those who lived, many lost their jobs. Yet, the GDP of the nation was hiked primarily due to the fact that the statistic included the sums injected in the economy in the form of aids and fund reliefs (Baumol & Blinder, 2009, p. 474). Furthermore, the instance with that of the developing nations or rather the ones passing through the transition phase often record very high GDP values which does not go with the actual living standards prevailing in these nations. China and India are regarded to be the fastest developing nations in the world. These nations record one of the fastest economic growth rates even though the degree of well being in both of them are quite low with only a handful of the population base experiencing a betterment in their living standards. The primary reason behind this is the huge population bases in both the nations, which respectively are regarded as the ones endowed with the largest and second-largest populations in the world. A lion’s share of the population bases in both these nations live in utter poverty with dwindling resources. Though both these nations are associated with an economic growth rate of about 8 percent and more, the Gin i coefficient in these nations are evident of the deteriorating living standards. While it is 33 for India that for China as measured in the year 2006 was, 44.7 (Gehring & Kulkarni, 2006, p. 12). Hence, though China is slightly better off than India, none could be regarded in a highly good social condition. But income inequality and prevalence of poverty in a nation are not the only factors which indicate towards a nation’s standard of living. There are certain other aspects such as environmental concerns which are equally essential in evaluating the same. Secondly, GDP does not deduct the used up values from its account which is why it gives a wrong impression about the true economic picture in a nation. It includes the values depreciated through usage of capital, natural resources depleted on account of deforestation or excessive deployment, reduction in mineral and fuel resource endowments, as well as loss of fertilisation of land. Thirdly, the extent of environmental poll ution and degradation in a nation often hampers a variety of production processes in an economy which is why it is often counted as a drawback