Please research the following:
1.Business role in poverty alleviation
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Businesses can help alleviate poverty with programs and projects that aim to improve the
living conditions in underdeveloped communities. With the alleviation of poverty, people
become more capable workers and professionals able to take advantage of the goods and
services that businesses have to offer.
Poverty is experienced and understood differently people in different regions and at
different times. Broadly, “poverty” is conceptualized as a deficiency or shortages of some
sort.
Historically, this shortage has been considered synonymous with lack of income, or at least
insufficient income to meet a household’s daily needs.
2. Continuing extreme poverty in the midst of economic growth
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Economic growth is the most powerful instrument for reducing poverty and improving the
quality of life in developing countries. A successful strategy of poverty reduction must
have at its core measures to promote rapid and sustained economic growth. Even average
economic growth is high, part of a country may be bypassed for years or decades (Sachs
2005)
Even when government have the revenue, they may neglect the poorest of the poor if the
destitute groups are the part of ethnic or religious minorities (Sachs 2005)
The women, often illiterate, are poorly treated by in-laws and lack the social standing and
perhaps legal protections to ensure their own basic health and well-being (Sachs 2005)
3. Business role in overcoming the poverty trap
 Poverty, with all its faces and forms, is our country’s biggest problem, not because of its
drag on the economy, its effects on the environment, or the unsightly slums, but because
this is simply not the way people are meant to live. Therefore, all our causes—education
reform, transparency, infrastructure development, environmental protection, etc.—must
ultimately lead to the uplift of the human situation of the Filipino poor. I am one with you
in saying that we can never consider our country as truly developed or applaud our rate of
growth while large numbers of Filipinos live in subhuman conditions.
 All good things tend to move together at each rising rung: higher capital stock, greater
specialization, more advanced technology, and lower fertility (Sachs 2005).
4. Areas of business most in need of ethical attention
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The social responsibilities of capitalist business practices
The Morality of advertising
basic employee rights, job discrimination, other labor-related ethical issues
Insider trading
pollution and resource depletion
Whistle Blowing
5. The socialist responsibilities of capitalist business practices
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Milton Friedman (American economist) famously stated that the only social responsibility
of business is to increase profits. On the other hand, William Sauser, in the Journal of
business ethics article “Ethics in business: answering call,” explained that business
organizations have four levels of responsibility:
(1) Earning a profit; (2) legal responsibility; (3) Ethical Responsibility; (4) Discretionary
responsibility.
6. The morality of advertising
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Milton Friedman (American economist) famously stated that the only social responsibility
of business is to increase profits. On the other hand, William Sauser, in the Journal of
business ethics article “Ethics in business: answering call,” explained that business
organizations have four levels of responsibility: (1) Earning a profit; (2) legal
responsibility; (3) Ethical Responsibility; (4) Discretionary responsibility.
7. Basic employee rights, job discrimination, other labor related ethical issues
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Basic employee rights- Every employee has a range of basic work place rights, such as
freedom from harassment, fair wages and privacy.
Job discrimination- Employment discrimination happens when an employee
or jobcandidate is treated unfavorably because of age, disability, genetic information,
national origin, pregnancy, race or skin color, religion, or sex.
Labor related ethical issues- Employment Issues, Cash and Incentive Plans,
Employees Discriminations, Performance Appraisal, Privacy, Safety and Health,
Restructuring and layoffs.
8. Insider trading
 Insider trading is the trading of a public company's stock or other securities (such as bonds
or stock options) based on material, nonpublic information about the company.
9. Pollution and research depletion
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Resource
depletion involves
the
consumption
of
finite
or
scarce resources. Pollution involves the undesirable contamination of the
environment by the manufacture or use of commodities.
10. Whistle blowing
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Whistle blowing means calling attention to wrongdoing that is occurring within an
organization. Blowing the whistle is a logical extension of an employee's duty of
loyalty. Whistleblowingis the act of an employee (or former employee) disclosing what he
believes to be unethical or illegal behavior to higher management, to an external authority,
or to the public.