To what extent today's business broke through limits of ethics and Essay

To what extent today's business broke through limits of ethics and respect towards others - Essay Example This comes with the augmentation of the need for land as a major investment asset and factor, creating a worldwide land market. Globalization and liberalization of land asset rights and subsequent promotion of foreign investments in the Tanzanian dispensation offer fertile background and chance to the contemporary land acquisition deals. Moreover, the rapid hiking of such investments triggered a huge debate in their eventual impacts in Tanzania. Since it is greatly affirmed that agriculture in developing nations is in need of exploitation and investment, there exists a controversy in the ethics of foreign involvement in acquiring these lands. Supporters argue that the acquisition and investment results into new income generating opportunities, advanced technology and infrastructural advancements in the rural areas while the critics claim evidence of rights violations, food insecurity and degradation of natural resources on land (Mteti). Introduction This report succinctly generates a n assessment of valid information regarding the acquisition of land by transnational affiliation from foreign countries. Additionally, it espouses on various cases relating to the same while questioning whether such cases reflect positive or negative ethics by both parties. Is it the Tanzanian government that does not have statutes and stipulations in place or is it the people that do not embrace economic and social transformations? The other question would be whether the foreign investors reasonably acquire the agricultural land and whether they distribute the benefits to Tanzania fairly. In addition, this report expounds on the merits and demerits associated with the practice, the ethical perspectives applied in their evaluation and eventually recommendations for the Tanzanian government and people in embracing and establishing a mutual and fair relationship with the foreign investors that undoubtedly contribute to national and global economy. Findings Driving Factors to Foreign L and Acquisition After a number of decades of low investment in the agricultural and fuel sector in the Tanzanian dispensation and other nations, the epoch of the late 20s witnessed a hike in foreign direct investment in fundamental agricultural production. The reasons behind this surge are complicated and diverse but the critical drivers can be connected to the immense increase in commodity prices in the period of up to 2008 and the knowledge that demand for fixed natural resources is normally set to augment significantly in the oncoming decades (Larsen). Moreover, the increase in food and fuel prices mandated nations that immensely rely on imported food and fuel to invest in the other countries where land among other resources are plentiful with an aim to secure supply. This obviously is one of the factors that foreign affiliations resorted to invest in Tanzania. In addition, the need for sustainable energy solutions is another strong driving factor that pushed into an increasing l arge-scale investment in Tanzania’s land sector majorly by foreign investors. In Tanzania and Africa generally, global concerns have risen to attention by large scale land acquisitions and foreign direct