{"id":691,"date":"2019-09-17T15:24:23","date_gmt":"2019-09-17T07:24:23","guid":{"rendered":"https:\/\/www.finmonster.com\/blog\/?p=691"},"modified":"2020-02-12T17:13:39","modified_gmt":"2020-02-12T09:13:39","slug":"how-human-rights-and-economy-coexist","status":"publish","type":"post","link":"https:\/\/www.finmonster.com\/blog\/2019\/09\/17\/how-human-rights-and-economy-coexist\/","title":{"rendered":"How Human Rights and Economy Coexist"},"content":{"rendered":"\n

Human Rights are, literally, the rights that one has simply because\none is a human being. Human rights are equal rights: one either is or is not a\nhuman being, and therefore has the same human rights as everyone else (or none\nat all). In a nation, human rights are legally protected by its local jurisdictions\nby its human rights statutes. And the object of human rights can be claimed as\n\u201cordinary\u201d legal rights in most national legal system. While a well-established\nlegal system supports the good performance of economy, thus economic\nperformance has strong relationship with Human Rights.<\/p>\n\n\n\n

Human Rights and Productivity<\/strong>
<\/h3>\n\n\n\n


A company could restrict its employee to speak to media on behalf of company in order to protect the image of company. However, a company can\u2019t restrict its employee to speak individually after office hour or in personal social media account. This has no difference from restricting freedom of speech. So, what happen if a company cross the line of human rights? Employee of a company may feel being offended as an employee work for a company based on an employment contract which \u201cnormally\u201d do not include any restriction of Human Rights. When majority of employee feel being offended, the loyalty and motivation to work for a company likely decrease as the employee no longer feel that they are on the same boat as company. There are good companies encourage employee to speak out their idea or feeling which bring back positive result on business performance. Unfortunately, some industry is highly regulated which have to provide guidance on employee speaking such as bank that do not allow employee to be interviewed to avoid any misinterpretation on personal opinion. The same situation applies to the economy, productivity of an economy likely decreases and ultimately affect the growth rate and competitiveness while eligible labors of an economy do not feel they are on the same boat as the society.
<\/p>\n\n\n\n


Human Rights and Creativity<\/strong><\/h3>\n\n\n\n

Creativity represent the ability to produce a brand-new idea or use\nof original and unusual ideas to solve a problem. However, creativity always\ncome after the basic needs of a human such as food, water, sex. etc. In layman\u2019s\nterms, a human need to satisfy its hunger, security and relationship before seeking\nfor self-esteem. Refer to the Maslow\u2019s hierarchy of needs, Creativity belong to\nSelf-Actualization which is at the top of the Hierarchy while Safety belong to\nsecond bottom level. We could imagine if a society has no protection on\nsecurity of body by a nation, no citizen would pursue self-esteem through its\ncreativity which would further convert to productivity and economic value. In\neconomic terms, productivity drive the economic growth which could be induced\nby innovative products, new management system, new technologies or new\nindustries. In the mid-18th<\/sup> century, Europe benefited from scientific\nresearch and industrial revolution from their innovative invention. The history\nprove that creativity is a key to economic success. <\/p>\n\n\n\n

\"\"
Maslow\u2019s hierarchy of needs : https:\/\/commons.wikimedia.org\/wiki\/File:Maslow%27s_hierarchy_of_needs.svg<\/a>

<\/figcaption><\/figure>\n\n\n\n

Human Rights and Stability of Society<\/strong><\/h3>\n\n\n\n

It is no doubt that stability of a society is a key to economic growth\nbecause stability is a main concern of foreign direct investment which is a\ndriving factor to economic input. Every nation has annual substantial\ninvestment on international marketing to attract foreign direct investment in\norder to provide additional stimulation to the economy. What factors form a\nstable society? Low criminal rate, stable inflation, well-established legal\nsystem, fair market practice, etc, are the factors to form a stable society. All\nthese factors are proven by history in a nation to international market.\nReputation and recognition of a successful mechanism of a stable society cannot\nbe built by money but built by its citizens with integrity, culture and common\nvalue. However, an appeal to human rights usually testifies to the absence of\nenforceable positive legal rights and suggests that everything else has been\ntried and failed. The appeal, or protest, over human right would have negative\nimpact on confidence over the abovementioned factors to the stable society. <\/p>\n\n\n\n

In conclusion, although there is no direct relationship of human\nrights and economy, a stable society with well protection of human rights would\nbenefit on the sustainable economic growth of a nation. The well protection of\nhuman rights means the legal system should have a fair and reachable channel to\neveryone as human to protect their rights because the object is a human. Any\nunfair or prejudice of legal or governmental system to single group of persons\nwould cause the offensive feeling of a citizen which may cause the mangle of\nsociety between groups with different views. From the past thousand years of\nhistory, there is no perfect mechanism to avoid confrontation of a society.\nNonetheless, the beauty of human being is communication and learning\ncapability. There is always a solution to solve the divergence. <\/p>\n","protected":false},"excerpt":{"rendered":"

Human Rights are, literally, the rights that one has simply because one is a human being. Human rights are equal rights: one either is or is not a human being, and therefore has the same human rights as everyone else (or none at all). In a nation, human rights are………..(Continuous) <\/p>\n","protected":false},"author":4,"featured_media":693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1328],"tags":[200,198],"yoast_head":"\nHow Human Rights and Economy Coexist - FinMonster Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finmonster.com\/blog\/2019\/09\/17\/how-human-rights-and-economy-coexist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Human Rights and Economy Coexist - FinMonster Blog\" \/>\n<meta property=\"og:description\" content=\"Human Rights are, literally, the rights that one has simply because one is a human being. 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