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The greatest disruption in business occurs when cracks emerge in the systems that we otherwise take for granted. The World Trade Organization (WTO) and the treaties that make up the bedrock of ...
Erich Kadlec defends negative utilitarianism and addresses the benevolent world-exploder argument (partially) as follows: "[R. N. Smart] also dispenses with the generally known fact that all people (with a few exceptions in extreme situations) like to live and would consider being killed not a benefit but as the greatest evil done to them." [44]
Yet in responding to this latest trade move by China in the renewed trade conflict between the two countries, the U.S. government did not mention WTO law. Nor, in reporting on the event, did the U ...
As the world economy has struggled to regain its footing amidst the events of the past few years, Chinese exports have skyrocketed in the global market, rapidly increasing production to cover the quickly-rising global demand. In just one year, China's trade surplus with the US alone rose to $335.5 billion in 2021, up from $308.1 billion in 2020.
This would involve a gradual move away from the U.S. dollar as a reserve currency and towards the use of IMF special drawing rights (SDRs) as a global reserve currency. Zhou argued that part of the reason for the original Bretton Woods system breaking down was the refusal to adopt Keynes ' bancor which would have been a special international ...
In ethical philosophy, utilitarianism is a family of normative ethical theories that prescribe actions that maximize happiness and well-being for the affected individuals. [1] [2] In other words, utilitarian ideas encourage actions that lead to the greatest good for the greatest number.
In 2018, the year that a trade war with China was launched by U.S. President Donald Trump, the U.S. trade deficit in goods reached $891 billion, which was the largest on record [29] before the $1,183 billion deficit in the trade of goods recorded in 2021. [30] By the end of the Trump presidency, the trade war was widely characterized as a ...
Utilitarianism (also known as rational choice or social exchange), although often associated with economics, is an established tradition within sociological theory. [ 77 ] [ 78 ] Lastly, as argued by Raewyn Connell , a tradition that is often forgotten is that of Social Darwinism , which applies the logic of Darwinian biological evolution to ...