Contemporary Themes

2. Corporal Social Responsibility

Africa is tremendously resource-enriched and has multiple opportunities to uplift the sustained growth of the country following value value-added chain of manufacturing and mineral processing towards uplifting the state of poverty and providing sustainability to millions of Africans (Korschun et al. 2014). The importance of growing corporate social responsibility is relevant and continuous in every country more specifically in the oil sectors of Africa for the social and environmental ties it is associated with. The CSR collaborates with the environment management system towards sustainable development. The vision of African oil companies has set their own ideals and responsibilities based on regulated policies that help in maintaining relationships among shareholders, communities, employees and government:

• To minimize the possible ways of affecting the environment and the community around
• Securing safe and protective measures for both assets and people
• Conducting the business and communication in an effective manner and for commercial benefit
• Developing performance, transparency and good governance
• Delivering sustainable growth for the residential people and in host countries
• Maintain and support human rights across the world

African oil management seeks towards the challenge of sustainability while providing social as well as economic benefits reducing any probable environmental and social impact adversely affecting the people or the mass of the country.

3. IMF and The World Bank

The World Bank located at the headquarters in Washington D.C, formed together with five international organizations, conducting monetary systems and loans across developing countries with the governing policies of improving the condition of people below poverty, facilitating employment growth and international trade while building shared prosperity among countries (Kumar, 2003). In order to run the policies, international monetary systems generate a set of rules and conventions towards supporting the growth of trade, and investment reallocation of capital between nation-states. Historically, the debt of money was cleared by through the barter exchange of gold and silver ethic differs much in today's world replacing the importance of the use of a paper in an orderly document. This causes huge debt worldwide where money stands at one and debt at the other corner with equal contradictions resulting in bankruptcy. In India, The Reserve Bank of India, set specific guidelines and objectives in securing monetary stability with the country's advantage and currency-credit system (Narayan et al. 2000). The International Monetary Fund (IMF) plays a central role in the management of payment difficulties and financial crisis among nations that was formed by the ideas of Harry Dexter White and John Maynard Keynes in the year 0f 1944 at the Bretton Woods. This fund is run by people through their contribution, through the system of quota from which countries having financial crises can borrow for necessary balance and requirements. The monetary systems must look into the global imbalances, fluctuating trade with inspection and providing solutions to such causes avoiding the legitimate consequences hampering the balance and seeking profitable investment corners across the globe.

4. Ban the box

The famous international campaign that began in Hawaii in the late 1990s, is named “Ban the Box' organized by civil rights groups that aim towards persuading employers to hire from their applications, the check box that questions if one has any criminal record. This allows the ex-offenders to display their qualifications before questioning about related criminal records (D'Alessio et al. 2015). It initially concentrates on the qualification and the requirements and then on the background investigation or any record of conviction of a crime by the candidate. This regulated check over a candidate is a constant inquiry that contrarily does not deploy the image of the candidate. Several countries have introduced Ban the Box in order to recognize the qualifications of the candidate to the utmost priority over any negative records. The crimes are increasing with drug crimes and records in America following the years of 2007 (Shoag and Veuger, 2016), having difficulties in finding jobs for themselves due to the increased rate of added employment. Several jurisdictions add to the policies of banning the box, incorporating the Equal Employment Opportunity Commission, and applying innovative ideas and targeted hiring. For instance, Derreck Johnson, founder and president of Home of Chicken and Waffles in Oakland states that it is best when one has a chance and proves to be the best employer; it is when one knows what is right for its community. Simultaneously, banning the box increases the challenge of competing for a job in one while encouraging ‘fair chance recruitment' by the company for the desired employee functions.

Reference

• D'Alessio, S.J., Stolzenberg, L. and Flexon, J.L. (2015). The effect of Hawaii's Ban the Box Law on repeat offending. American Journal of Criminal Justice, 40(2), pp.336-352.
• Hollifield, J., Martin, P. and Orrenius, P. (2014). Controlling immigration: A global perspective. California: Stanford University Press.
• Korschun, D., Bhattacharya, C.B. and Swain, S.D., (2014).Corporate social responsibility, customer orientation, and the job performance of frontline employees. Journal of Marketing, 78(3), pp.20-37.
• Kumar, A. ed., (2003). World Bank Literature. USA: U of Minnesota Press.
• Narayan, D., Chambers, R., Shah, M.K. and Petesch, P., (2000). Voices of the Poor: Crying out for Change. USA: World Bank Publications.
• Shoag, D. and Veuger, S., (2016). No woman no crime: Ban the box, employment, and upskilling.
• Sirin, C. and Sirin, S. (2014). Immigration and academic achievement. Cypriot Journal of Educational Sciences, 91(1), pp.57-65.

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