Ethical Aspects of Euthanasia Research Paper Example | Topics and Well Written Essays - 1000 words

Ethical Aspects of Euthanasia - Research Paper Example Voluntary euthanasia takes place when death is hastened at the request of the patient. The ethical issues that arise are the respect for individual autonomy, as well as the obligation of the medical practitioners to respect patients’ informed choices. Euthanasia claims to relieve the patient of suffering. It is also argued that if a patient has the right to choose and make informed decision about his medical treatment, he also has the right to decide when to die (Chaloner, 2007). The opponents claim that this could have a damaging effect on the individual and the society. The opponents argue that palliative care should be improved but in terminal cases, no amount of medicine would make any difference. Moreover, the psychological need of the terminally ill patients to be relieved of the suffering should be of equal importance as the physiological needs. This is individual autonomy and an individual must have the freedom to do what he wants to and when he wants to do. John Stuar t’s Harm Principle also asserts that the individual has a right over his own body and mind. This principle restricts the power of physicians and others in the medical field to arrive at decisions about the patient when the decision affects none other than the patient himself. Autonomy again gives rise to certain apprehensions. For an individual to arrive at the decision, he should be competent enough to decide on a course of action. Is he in the right frame of mind? Secondly, if autonomy of the patient is respected, the autonomy of the medical professionals also needs to be respected. Hence, if the autonomy of the doctors is also respected the patient loses the right to receive assistance to die. Rights and duties are interwoven. Hence, it can also be interpreted that the health professionals have a duty to assist the terminally ill patients to die. Other arguments that abound are that a competent

Sub-Prime Mortgage Crisis and the East Asia Research Paper

Sub-Prime Mortgage Crisis and the East Asia - Research Paper Example The subprime mortgage crisis in the United State was more severe than the great depression because several assets and derivatives had been purchased and sold in the unstable market. Moreover, the subprime mortgage crisis had several liquidity risks compared with that of the exchange traded products. According to Justin and Boris (2011), commercial banks finance in the East Asia asks for the mortgages without considering the credit evaluation of the borrowers. Thus, the paper will evaluate the financial crisis issues that were triggered from the U.S sub-prime mortgage crisis, and affected the East Asian economy. The sub-prime mortgage crisis The sub-prime mortgage crisis was a result of the speculative issues in the housing market that commenced in the United State in 2006. It has caused severe impact across the East Asia countries in the form of financial crisis and the country’s credit crisis. Justin and Boris (2011) indicate that the forces caused by the sub-prime mortgage c risis will probably run out of control for years, causing the collateral damage. The disruption in the East Asia countries credit market is of historic proportions and will have significant economic impacts. Moreover, the crisis has caused essential societal changes that affect the consumer habits and the values. Justin and Boris (2011) indicate that the East Asia economy was affected where the GDP was recorded 4.2, 4.8, 5.7 and 1.9 per cent from 2005 to 2008. This led to the ever recorded a decrease in GDP in 2009 that amounted to -4.0 since 1980. Therefore, this crisis has significantly affected the Europe and Asian countries, and most of the Asian countries have rearranged their financial and banking industry. Delgado and Burge (2009) claim that the proximate cause of the sub-prime mortgage crisis was the busting of the housing issues in the East Asia during the summer of 2007 when subprime defaults commenced to rise and foreclosures increased. It then spread to prime loans and o ther types of consumer credit, and the financial institutions with the subprime related products were severely affected. The Asian countries were severely affected by the sub-prime mortgage crisis during the early stage of the crisis because the banks were not exposed to the dangerous assets that were engineered and crafted in the United State. According to Delgado and Burge (2009), the data gathered in the Economist and Financial Times, the $500 billion was written off by banks globally in the 2008. The financial institutions in Japan accounted for only five percent, and its sectors were relatively resilient. The global financial crisis has affected the China and Japan very strongly as they stand among the most opens in the world. Foreign capital inflows declined significantly as commercial banks and foreign institutional investors withdrew funds to meet redemptions in their countries. According to Delgado and Burge (2009), private capital flows in China slowed from $516.7 billion to 2007 to an estimated $134.4 billion in 2008. Table of the GDP of the East Asia countries 2007 2008 2009 China 11.9 9.7 8.5 Japan 2.1 0.5 -0.2 Korea 5.6 3 3.9 2.1 Modified from: IMF (2008a) According to Ghon (2008), the Banking leading declined that was as a result of the direct and indirect equities. During 2009, the capital flows were estimated to be only $44.1 billion, and in the beginning of 2008, stock markets declined by about 62 percent in China (Ghon, 2008). Thus, the Chinese stocks markets had been the worst performer in