The Asian Financial Crises Essay Example | Topics and Well Written Essays - 1750 words - 1

The Asian Financial Crises - Essay Example The result was a much deeper Crisis than was necessary or inevitable ( Radelet and Sachs, 1998, p 12). † Asian financial crises led to the development of technology or psychology. Also, the availability of credit led to the creation of a leveraged economic environment and led to increases in the prices of assets to a level which the Asian countries could not sustain. The increase in asset prices, at last, collapsed, making companies and individuals fail to meet their debt obligations. If it could not be for the collapsing of the companies and organizations, the Asian countries would be far ahead with developments. The withdrawal of loans by the lenders also played a major role in development in Asian countries. The government of these countries had to implement new strategies that would not lead to declining of the standards of living of the people. They sought to borrow from the IMF and to refund at a certain interest. In addition, the exchange markets were engulfed with foreign currencies, hence depreciation on their currencies. In order to prevent loss of value of their currencies, the Asian country's government raised their interest rates so that they could attract foreign investors. These governments also intervened in the exchange markets by buying the excess currencies in the market at a fixed rate though neither of all these policies was sustained for long. Without the panic and contagion, the Asian countries were so stable and they were to be amongst the leading developed countries in the world. ‘‘ In fact, a socially irrational response in the sense that, without the panic, the situation was reasonably stable - the debt could have been repaid on plausible assumptions about the economic performance of companies, banks, and economies (Wade, 1998, p 2). †

Abuse Neglect Or Nothing to Worry about Case Study

Abuse Neglect Or Nothing to Worry about - Case Study Example Broudy for assistance. She notes that Kim had shown her cuts on her body and confessed that she was fed up with her condition. While Kim had revealed that her father was involved in her condition, Mary suspected domestic molestation or ‘self-infliction’, concerns that she communicated to Ms. Broudy. Broudy determined to help but Kim was not willing to open up. As a result, Broudy reported the matter to the school principle and counselor but they took no action. Kim’s parents were equally unconcerned about her condition. Possible action for Ms. Broudy Ms. Broudy’s position identified her as a custodian to students while within the school’s premises. She also had a moral obligation as a member of the society to ensure others’ well being. A number of ethical issues therefore arise to determine possible courses of action for any person in Bourdy’s position. She was for example bound by ethical principles of â€Å"respect for the dignity of persons, responsible caring, and responsibility to society† (Pope and Vasquez, p. 93, 94). As a result, Bourdy was under ethical obligation to protect any of her students from any form of bodily degradation such as molestation or physical abuse. The duty of care and social responsibility also required her to protect students from possible ‘self-inflicted’ harm. ... My decision to talk to Kim and finally report the matter to the administration would be supported by â€Å"consequentialist theory† that values impacts of a decision or an action. This is because if successful, such actions would help Kim out of her problem. I would also consider reporting the matter to law enforcement agency if the school failed to help Kim (Strike and Soltis, p. 158- 160). Neglect or abuse Possibility of neglect Neglect defines failure to provide for and protect a child from harm. Based on the facts of the case, if the parents were not involved in abusing Kim, then they were responsible for negligence. This is because the parents had evidently failed to take actions to protect their child from her source of harm. The injuries having been on Kim’s wrist suggested that the parents were aware of what their child was going through but did not bother to seek a solution. Similarly, their response when called upon by the school’s administration also i ndicated lack of interest in protecting Kim from her problem. While her mother did not even comment on the matter, her father disregarded it. Kim’s parents were therefore negligent for failing to protect her from her deteriorating condition. They, contrary to Mary and Broudy’s actions, communicated lack of social responsibility, disregard to other people’s welfare and lack of the moral doctrine of utilitarianism. The parents were as a result neglecting indicators of Kim’s problems that remained unsolved (Pope and Vasquez, p. 93, 94). Difference between neglect and abuse While abuse involves direct infliction of harm to a person, neglect relates to failure to ensure a person’s safety from harm. Neglect is therefore an act of omission while abuse is an act of