Since last year, whether or not the disadvantage of Canadian Infrastructure Bank overweighs its advantage has become a controversial issue. I personally believe that the benefit of the overall impact of the new Canadian Infrastructure Bank outweighs its drawbacks. First of all, the bank provides a great opportunity for private funds to get involved in public infrastructure. It can help the government to reduce its financial pressure so that government will not undertake all of the responsibility of funding money for public infrastructure. On the other hand, private investors are able to gain profits from investing money in the bank. Both government and private sector are able to gain benefit from the bank.

A similar resource that relates to this topic is Public-Private Partnerships(PPP), which also indicates the benefit of the Canadian Infrastructure Bank. The major idea of PPP is: ”arrangements where the private sector supplies infrastructure assets and services that traditionally have been provided by the government.”

What’s more? As the study refers to, boosting infrastructure productivity can stimulate the economic growth. As a power plant, infrastructure projects can provide plenty of job opportunities. The unemployment rate will decrease. Then workers will purchase more money into the market, creating a health cycle. In order to double the Canadian economy projected growth, implementing the new Canadian Infrastructure Bank is an effective way to encourage the development of infrastructure and promote the economic growth.

Some people argued that to let government participate more in the bank is not necessarily a positive thing. In my opinion, since Canadian economy is a mixed market economy, the government plays an important role to adjust the market and take Canadian economy to a better stage. John Maynard Keynes, a famous British economist, mentioned in his theory, “Economically and socially successful economies have significant contributions from both the government and the private sectors”, which well supports my argument.

References:

https://beta.theglobeandmail.com/news/politics/bill-raises-doubts-about-independence-of-infrastructure-bank/article34694708/?ref=http://www.theglobeandmail.com&

https://canadiandimension.com/articles/view/the-canada-infrastructure-bank-theft-by-deception

https://pcdnetwork.org/event/training-course-on-public-private-partnership-for-development-6/

Keynesian Economics in a Nutshell

https://www.imf.org/external/np/seminars/eng/2006/rppia/pdf/hemmin.pdf

https://www.quora.com/How-does-infrastructure-spending-stimulate-economic-growth-and-why-is-China’s-investment-in-infrastructure-projects-considered-ill-considered-or-bad

Nowadays, business ethics becomes a significantly important topic in business study. With the rapid development of modern society, the rate of corporation crime has shown an upward trend. The emphasis on responsibility and obligation that individuals should have is quite essential for promoting high standard business. I believe schools should be in charge of this situation, providing ethics courses and help students to comprehend the value of ethics. According to the news ‘Three simple reasons to teach ethics in business schools: Chris MacDonald’ from Canadian Business, it is mentioned that ethics courses are more likely to help students to realize the danger of rationalization, and make students more comfortable to talk about this topic. In the end, by constantly studying this course, students’ behavior will be ‘engage in solid ethical reasoning in the work place’. This news effectively explained the ethics studying environment has huge contribution to students understanding of ethics. From my own experience, it tells me the same. The school does have huge impact on students’ view of ethics. I still remember last year during my UBC application process, there was a video section, and I was asked to share my worst ethical experience. To tell the truth, I was completely not ready for this question, because I had never had any this type of conversation before. Several months later, in my high school International Business class, I studied a Chapter called Business Ethics. In that class, I had a lot of discussion with my classmates about ethics. The most amazing part of this class is not only what the teacher taught to the class, but also the environment of sharing our values of ethics. From looking at different cases in the world and listening to different experience from others, I was more aware of the important responsibility I should take in many situations. I subsequently built up my own value of ethics, and it finally became part of my life. I really appreciate that UBC provides me the idea of importance of ethics, and thank my high school gives me the opportunity to learn more about it. Schools can be extremely helpful for building up students’ moral obligation by deliver the proper value of ethics.

Resources

http://www.canadianbusiness.com/blogs-and-comment/are-ethics-courses-useful-chris-macdonald/

Why Ethics Matter: A Business Without Values Is a Business at Risk

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