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Analyse the moral issues arising from trade and aid. - Scottish Highers Religious Moral and Philosophical Studies - Question 17 - 2018
Question 17
Analyse the moral issues arising from trade and aid.
Worked Solution & Example Answer:Analyse the moral issues arising from trade and aid. - Scottish Highers Religious Moral and Philosophical Studies - Question 17 - 2018
Step 1
Identify Trade and Aid Issues
Answer
Trade and aid are two interconnected fields that raise significant moral issues. Some key moral issues include:
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Fair Trade Practices: Is the trade system equitable for all parties involved? Fair trade aims to ensure that producers in developing countries receive fair compensation, but the complexities of global trade often hinder this goal.
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Dependency on Aid: Aid can create a dependency cycle, which raises ethical questions about the sustainability of aid models. Are recipients becoming reliant on aid rather than developing self-sufficiency?
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Exploitation: There is often a risk of exploitation by more powerful nations or corporations, as local economies can be disrupted by external demands which can undermine local industries.
Step 2
Explore Impacts on Society
Answer
The moral ramifications of trade and aid can have long-lasting impacts on societies.
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Economic Inequality: Trade policies may favor wealthier nations, leading to increased inequalities.
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Cultural Erosion: Aid can inadvertently lead to the erosion of local cultures and traditions as donor countries impose their values.
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Political Corruption: The flow of aid can also lead to corruption within recipient countries, as government officials may misuse funds for personal enrichment.