Export-Import Bank

Allocation of resources is an essential area for examination in business ethics. Processes for distributing resources may be evaluated by asking questions such as “Are the allocation procedures fair and just?” and “Is the actual distribution fair and just?” In the United States, one form of resource allocation occurs through the Export-Import Bank of the United States, where these questions of procedural and distributive justice apply. The Export-Import Bank was designed to support U.S. businesses as the official export credit agency of the federal government. It was founded by executive order in 1934 during the Great Depression. In 1945, Congress made the bank an independent agency under the Export-Import Bank Act. Also known as EXIM or the EXIM Bank, its mission is to support American ...