Unethical practices of Tobacco Companies
Tobacco is the largest cash crop in the world and is a $200 billion per year industry. All those who participate in the process, from the farmers who grow it to the people who retail it earn money and provide jobs that benefit the economy. In addition to providing jobs, the tobacco industry also pays billions of dollars in taxes that contribute to the growth of many economies all around the world. The tobacco industry provides millions of jobs all over the world, and besides the revenues from growing and processing tobacco, it provides livelihood to millions of others because of the massive amounts spent on advertising and to wholesalers, retailers and small kiosks that sell cigarettes in all the countries in Africa and Asia. To earn the best grades in your Project Report-Research Papers you should choose an academic writing service that will meet your best writing needs.
Tobacco is extensively used in most parts of the world and is considered to be the most addictive of all substances. It is a plant indigenous to the American continent and traditionally has been one of the most lucrative crops grown by American Farmers. Tobacco was also the most important cash crop that was exported at the time that America was a British colony. Right up to the 1960’s America was the largest grower, manufacturer, and exporter of tobacco products than any other country in the world. The tobacco business is among the most lucrative of agricultural commodities and the prices are partially determined according to crop production which fluctuates according to local weather conditions.
The price also fluctuates according to the quality and species of the crop. These continents have the largest populations and large tobacco companies like Phillip Morris and British American Tobacco try to make it as easy as possible for them to sell cigarettes. Despite public health warnings by the medical profession and many governments about the hazards of smoking, the practice seems to be spreading instead of declining especially in Asia. China has probably the largest smoking population in the world. Although there are regulations to curb smoking, these regulations are never enforced because 7 to 10% of the country’s tax revenues are generated from the production and sale of tobacco products.
Some countries in Asia like Malaysia have absolutely no regulations, and here it is not against the law to sell cigarettes to minors. Smoking also has medical benefits because a derivative of cigarette smoke is carbon dioxide which can prove very dangerous in large doses, but low doses of carbon dioxide prevent blood clotting in humans.