This website uses cookies to ensure you have the best experience. Learn more

Whether Business And The Economy Across The Globe

3670 words - 15 pages

Business and the Economy Across the Globe

Task - 1
Discuss whether firms like Rechem should be allowed to "import" chemical waste from overseas to be disposed of here in the U.K.

ANALYSIS

Rechem have thirty years of experience in solving environmental problems caused by a wide range of hazardous and toxic materials. Their range of services included the following:

· Waste Management
· Logistics
· Incineration
· Project Management
· Recycling
· Environmental Monitoring

DISCUSSION

Not all Countries in the World have the ability or the technology to safely dispose of chemical waste such as polychlorinated biphenyl’s (PCBs). It may be argued that it is more desirable ...view middle of the document...

3. It can break down PCB’s which are extremely dangerous.
4. Brings money into the British economy.
5. Supplies jobs for workers.
6. Licences for this type of disposal is limited and helps the environmental factor of
other countries that do not have this process and have to resort to landfills or
burning the waste at dangerously low temperatures like, America and Germany.
7. In the eighties many articles on "green" companies and industries featured Rechem
8. Rechem were praised by the Minister for the Environment at the time as "true friends
of the earth"
9. Rechem were acknowledged as a world leader in the safe incineration of dangerous
chemicals.

Cons:- of firms like Rechem importing & disposing chemical waste:

1. Britain is taking other countries and disposing of it for them and the sub product
of the incineration product is released into British air.
2. The research to test if it is fully liable is limited and seems to be on a trial and
error basis.
3. Profit and shareprices seem more important than environmental issues.
4. The world is more environmentally aware.
5. Bad press as stories circulated about babies being born with eye malformations and
also diseased cattle near Rechem plants.
6. The Daily Telegraph reported that tests on foliage samples near the South Wales
Rechem plant showed PVB’s to be 50-100 times the pollution inspectorate’s advisory
limit.
7. A Welsh Water Authority document stated that the Pontypool plant had discharged up
to 82 times the permitted levels of lead, copper, zinc and nickel into the sewers.
8. Trouble of removing bad press scars about the safety of disposing chemicals without
discharging polluted air and that it can dispose of the ash and residue without
contaminating the locality.
9. PCB’s are highly dangerous and are believed to cause cancer and damage to the liver.
10. Contaminated cargoes of PCB would have to be transported to the treatment plant on
the road sea and air, any accidents in these situations would be disastrous and puts
the British people and wildlife in a precarious situation.
11. Dock workers and employees refused to handle PCB’s from Canada.
12. Most of Britain’s larger ports refused to handle PCB material.

Economics of Importation of Chemical Waste

Rechem have been fortunate in the market of disposal of chemical waste due to booming demand for this service where capacity could not be increased quickly due to planning permission restrictions at home and abroad. By year end March 1988, Rechem made a profit of £4.5M out of a turnover of £13.4M, which equals a 33.5% profit, the first years profit on a turnover of 19.5M was 45% at £8.8M. We can conclude that there are huge profits to be made in this area.

Rechem have completed a floatation on the stock market selling 2.6m shares therefore increasing their exposure to external pressure groups. Another factor to...

Other Essays Like Whether Business And The Economy Across The Globe

Across the Universe Essay

1942 words - 8 pages Across the Universe Film Analysis Alisha Liboma English 225: Intro to Film Professor Denise Orpustan-Love July 30, 2012 The Beatles were one of the worlds most influential and iconic bands who evolved in the 1960’s from Liverpool, England. For years people have found refuge in their lyrics that calm, inspire, and awe us to this day. Across the Universe not only provides the audience with a more in-depth look at the Beatles’ lyrical

Smoking and the Economy Essay

2711 words - 11 pages responsible for 10 percent of the worlds contraband tobacco. Many of the world’s most violent actors are fed by the underground economy of smuggling cigarettes. Organized crime syndicates and terrorist groups such as the Taliban and Hezbollah facilitate global distribution and use the profits to finance their activities (Guevara, 2010). The supply of smuggled cigarettes worldwide is hard to control because since cigarettes are legal and factories

Distant Realms Across The Universe

2949 words - 12 pages minerals associated with water (National Geographic, Jan., 2004, p. 28). Mars is now becoming clearer to the scientist, where they are capable of going to the depth of this issue, and discover new things day after day that will step us forward in discovering life on Mars. "Today mars looks a lot like a globe of ice than ever has before. But it also looks like something shucking that ice away, something moving on, something undergoing change. Whatever

The Economy

1175 words - 5 pages Unit One- Part Five-The Economy Introduction Unit One- Part Five-The Economy Introduction We hear all the time that the present economy is in crisis. Papers are always talking about the state of the economy and how its changes are affecting us. But what does it mean to you and me and more important what will it be like for the businesses in which we work or make investments? The word economy is used to describe how rich or poor a

The Economy And The Federal Reserve

1248 words - 5 pages corporations going out of business. Today’s economic crisis should make any American question the effectiveness of indicators and the need for monetary policy. References Aversa, J. (2008, October 15). Fed: Economy sinks deeper into rut. Associated Press. Retrieved from http://news.yahoo.com/s/ap/20081015/ap_on_bi_go_ec_fi/fed_economy;_ylt=ApTRoDCPCqxBvkEwLeVByGLv5rEF Colander, D. C. (2008). Economics (7th ed.). New York NY: McGraw-Hill Irwin

International Oil Markets and the Global Economy

1090 words - 5 pages International Oil Markets and the Global Economy Oil has a significant influence on international trade, economics and politics. Starting with the industrial revolution and the introduction of the internal-combustion engine, oil has been an essential factor in the economic expansion of the twentieth century. Its importance has become more pronounced with the spread of transportation and manufacturing

Running the Economy

808 words - 4 pages of GDP, is showing persistent signs of weakness. A survey of purchasing managers revealed an unexpected contraction in the manufacturing sector in February. “The (economic) numbers have been relatively poor and it is looking an increasingly close-run call as to whether the economy contracts in the first quarter,” NIESR economist Simon Kirby said. Adapted from Dmitracova, O. and Fincher, C. (2013) United Kingdom business confidence (Trading

Critiquing the Us Economy

1773 words - 8 pages Critiquing the US Economy ECO/372 2/12/14 Don Olsen Critiquing the US Economy When observing today’s Economy, It is fairly easy to see that there is an immense problem nestled in the heart of it. You don’t have to be an Economist to see most of these issues, which include high unemployment rates and slow economic growth. With these results, one can’t help but wonder. “What is going on?” Well there are several factors that are affecting

The Chinese Economy

1814 words - 8 pages door policy was introduced by which the PRC began to allow international trade and foreign direct investment. These initiatives immediately increased the standard of living for most of the Chinese population and generated support for later, more difficult, reforms. The second phase of reform occurred in the 1980s and was aimed at creating market institutions and converting the economy from an administratively driven command economy to a price

The Main Features of the Global Economy and Examine the Extent of Interdependence Between Economies Has Affected the Australian Economy

893 words - 4 pages from the resources boom is an increase in Aust’s exports (terms of trade). This serge in exports has increased consumption through business opportunities created in the mining sector which augments investment and inturn boosts Aust overall marginal propensity to consume. Thus making the resources boom a heavy influencer in the extent to which Aust has interdependence on external economies, predominantly China’s economy. [pic] Austs strong

Lennie Comes Across As A Very Powerful And Very Weak Man, Show How The Author Makes You Aware Of This?

1075 words - 5 pages Lennie comes across as a powerful man to us in this book, yet is this the full personality of Lennie Small? No, when doing research on this book, we find out Lennie is a man of anger and mostly weakness. The author makes sure we have a clear and precise account of Lennie and how he feels, how he is angered and how he is upset. The author describes this well and helps make it clear in the way he describes Lennie, and uses words and animals to

Related Papers

Spanning The Globe Tex Mark

1747 words - 7 pages Executive Summary This paper analyzes the case – spanning the globe, which helps understand the various HR issues faced by Mr. Eric Christopher who is the Associate Director for Global HR Development at Tex-Mark. Tex-Mark is a computer input and output manufacturing firm with its head office in San Antonio. After its establishment in the 1970s, they have over 5 production facilities, 3 research and new product development facilities over the

Drug Across The Border Essay

1751 words - 8 pages DRUGS ACROSS BORDERS 1 Drug Trafficking At The US/Mexican Border Adrian Bryant ENG 122 Terri Hennessey August 29, 2011 DRUGS ACROSS BORDERS 2 Sections along the border between the United States and Mexico have become so

Negotiating Across The Pacific Essay

3093 words - 13 pages Negotiating Across the Pacific - Case Study Table of Contents 2.0 Executive Summary 2 3.0 Case Analysis 2 3.1 Major Issue 2 3.1.1 Relationship Building 2 3.1.2 Adversial versus Guanxi Business Methodologies 3 3.2 Cultural Theories 4 3.3 Cultural Characteristics involved in the case 8 3.4 Solution and Action Plan 10 4.0 References 12 2.0 Executive Summary There was breach of faith by withholding information and not

Looking Across The River Essay

841 words - 4 pages Looking Across the RiverCommentary Writing"Looking Across the River " is a poem written by the poet William Stafford in the year 1982. It is quite a stylistic poem that talks about both literal and metaphorical things. A group of people (might be friends) are riding a car and across a deserted and eerie looking island. Soon after, Ken the driver says, "I'd be afraid to live there." he shivers and everyone feels the fear that makes him shake. Up