Academic Argument Essay Example | Topics and Well Written Essays - 500 words

Academic Argument - Essay Example tes need to enforce teachers to teach their cultural and social values to children so that they can reflect the signs of a strong local community when they grow up. Dewey discussed that the distinction between progressive and traditional education is not particularly meaningful: what really matters is the vision of society for action that an education embodies (Kaplan, 1997). Teachers need protection of the states even when they teach what the states want them to teach in order to perform required social development based on objectives learning. Based on a clear contract between a state or local schools and teachers, no one would criticize what the teachers teach. Moreover, increased job opportunities and a better job environment for teachers would also play a significant role in making this profession attractive for teachers. Parents have a strong concern about what teachers teach to their kids in local schools. States’ role in the development of curriculum is very important for parents to determine whether they should put their kids in public schools to learn particular curriculum of science, religion, or moral values or not. Obviously, parents play an important role of involvement and participation in terms of creating successful education endeavors. Curriculums help in determining what students need to achieve or do in any particular academic year (Perkins-Gough, 2003). Parents always expect schools to provide the best education to their children to help them in marking their educational achievements (Seginer, 1983). Performance appraisal helps in determining whether an employee is meeting the standards set by the company or not. In case of teachers, this appraisal will help in knowing whether teachers are doing their jobs in accordance with the standards or not. If a teacher is found negligent in following the standards, proper actions can be taken against him/her, whereas certain rewards and incentives can be given to the obeying teachers as

The Golden Mean Essay Example | Topics and Well Written Essays - 1250 words

The Golden Mean - Essay Example Subjectivisms and relativism are strongly condemned in deontological systems of thought. On the contrary, one challenge about deontological moral systems is that they do not provide any clear way of resolving conflicts arising out of moral duties. Ethics of care Ethics of care is basically a normative theory of ethics which seeks to determine what makes actions right or wrong. Indeed, it is normally seen that some actions are regarded as right while others are deemed wrong. However, people might not always understand the line between right and wrong and the issues around that. Ethics of care focus on the importance of response. It totally opposes the use of universal judgment in making decisions whether right or wrong. As such, for the media practitioners, it is always important to understand some of the right or wrongs they report. According to the theory, it is seen that all individuals are normally interdependent on the achievement of their various interests. It is further seen th at some people are usually vulnerable to the choices of others and the outcomes in such cases need extra consideration. In a way, ethics of care contrasts the commonly ethical views of deontology and utilitarianism which most women view to be the right angle for looking at the concept of morality. In the media world, journalists will always encounter a number of issues relating to such contradictions and they must effectively report the right situations. In this case, there must a balanced view when looking at the concept of morality so as not to discredit any gender. Potter Box The potter box is an ethical framework that is crucial in analyzing various ethical dilemma realized in communication.... Ethics of care is basically a normative theory of ethics which seeks to determine what makes actions right or wrong. Indeed, it is normally seen that some actions are regarded as right while others are deemed wrong. However, people might not always understand the line between right and wrong and the issues around that. Ethics of care focus on the importance of response. It totally opposes the use of universal judgment in making decisions whether right or wrong. As such, for the media practitioners, it is always important to understand some of the right or wrongs they report. According to the theory, it is seen that all individuals are normally interdependent on the achievement of their various interests. It is further seen that some people are usually vulnerable to the choices of others and the outcomes in such cases need extra consideration. In a way, ethics of care contrasts the commonly ethical views of deontology and utilitarianism which most women view to be the right angle for looking at the concept of morality. In the media world, journalists will always encounter a number of issues relating to such contradictions and they must effectively report the right situations. In this case, there must a balanced view when looking at the concept of morality so as not to discredit any gender. The potter box is an ethical framework that is crucial in analyzing various ethical dilemma realized in communication. It utilizes four categories which are identified as universal in all ethical dilemmas.

What Location Influences Foreign Direct Investment?

What Location Influences Foreign Direct Investment? Chapter 1 Introduction This chapter offers an introduction to the research, with paragraph 1.2 detailing the problem it focuses on, leading to the research question in paragraph 1.3. Paragraph 1.4 discusses the relevance of the research. The chapter ends with an outline of the thesis. The next paragraphs contain the various purposes and the general research design, and finish with the disposition of the study. 1.1 Background Foreign Direct Investment (FDI) is an important source of capital and economic growth in recent business. It provides a package of new technologies, management techniques, finance and market access for the production of goods and services. However, attracting FDI is a major challenge for most host countries as they face the challenge of identifying the major factors that motivate and affect the FDI location decision. Nowadays, regions try to attract Foreign Direct Investments to stimulate their economic development (OECD, 2002a). Certain regions consider the ecological issues as well and promote sustainable FDI. Recently, while working at AgentschapNL, an agency of the Dutch secretary of Economic Affairs, the awareness for sustainable investment rose. AgentschapNL promotes sustainable development and innovation, both in the Netherlands and abroad. One region that is engaged in an initiative to attract FDI is the Swedish province Jà ¤mtland. This initiative is called Midscand and it involves stimulating business investments and cooperation (joint ventures, business development, acquisitions, strategic alliances, outsourcing and new start-ups). One of their target countries is the Netherlands. The activities that are discussed are the sectors: cleantech, tourism, mechanical industry, forestry and call centres. The scope of this research is limited to the cleantech sector. This sector deals with sustainable innovations and investments in Jà ¤mtland, with special focus on wind and bio energy. The main goal of this project is to attract new investments from the Netherlands to Swedish regions. 1.2 Problem Indication The literature dealing with FDI can be classified in two main streams, as pointed out by Agiomirgianakis, Asteriou and Papathoma (2003): the first explains the effect of FDI on the process of economic growth, while the second one goes in depth into the study of the determinants of FDI. This thesis focuses on the second part of literature. Among all the factors influencing the location decisions of FDI, the location-specific determinants need particular exploration, since they can help the host governments to attract and increase FDI inflows using several instruments (Chakrabarti, 2001). Location-specific factors will always influence the decision to enter or exit a location for investment purposes (Audretsch and Fritsch, 2002). FDI is a key element of the international economic relations as it is an engine of employment, technology transfer and improvement of productivity, which ultimately leads to economic growth. The need to attract FDI forces governments to provide a favourable climate for business activities (Nordstrom, 1991). The foreign firms can be influenced by the political and economic institutional framework of the host country, which could affect the choice of where to invest their capital (Makino and Chan, 2004). The challenge of this research is to explore which location determinants make a region attractive for FDI. The definition of the problem is: What should Swedish regions do to positively influence FDI? By presenting a thorough overview of FDI and the determinants that could influence the location choice for a company, this research aims to provide a framework, tested in interviews for the applicability of investments. 1.3 Research questions To solve the problem the following research questions are answered: What is FDI? Based on a literature review that provides theoretical information on this phenomenon. What are the location factors? Galan and Gonzales (2007) are used as basis for the location factors. Several other papers on location factors are evaluated and criticized. What does Sweden have to offer? This final question deals with the application of the theoretical framework to Swedish region as case study and the relationship between the factors they possess and the factors they need to stimulate to influence FDI. 1.4 Purpose and Objective The purpose of this thesis is to examine which regional factors influence foreign direct investments. Theories regarding FDI and location-specific characteristics will be reviewed and analysed in the theoretical framework. A thorough overview of the location factors will be part of the framework that can be used by regions, willing to attract sustainable investments. But first of all, the objective as described in the definition of the problem is to give recommendations to Swedish regions regarding the factors they should highlight to attract or influence direct foreign investment. 1.5 Research Design The literature framework is based on relevant papers. According to Ghauri (2005), theoretical data will be used to understand and interpret the research question, and it will help to â€Å"broaden the base from which scientific conclusion can be drawn†. The relevance of the papers will be based on quality. To reach the goal of collection qualitative data for the research question, a phased selection is made. The emphasis of the courses Corporate Level Strategy and Research Methods of Strategy within the master Strategic Management is on testing all data on quality. By examining the relevance, publication form and impact factor of the information, the quality of the paper will be showed. The research is divided into two parts: (1) the literature research and (2) a case study. The first part of the research is explorative, because it is intended to gain more information on the situation and to get familiar with the research area. Qualitative studies -observations and interviews- are used to gain more knowledge of the research topic (Sekaran, 2003). The research mainly relies on secondary data; books and articles by various authors are considered. Literature is compared and new insights are gained. Interviews are conducted for the verification of the interests, which are characterized as primary data. In this research, qualitative data is the main source. The time dimension of this research is cross-sectional, which implies that the research is conducted at one particular moment in time. For useful literature, the data will be collected on acknowledged databases (e.g. ABI/Inform, JCR, Web of Science). The keywords that will be used during the search period are â€Å"FDI†, â€Å"entry modes†, â€Å"choice of country†, â€Å"region†, and â€Å"location determinants†. All literature sources can be found in the list of references. The theory will be examined by a qualitative case study. Case studies are used to understand a specific case under particular circumstances (Patton, 2002). 1.6 Disposition In chapter 2 the contemporary theory that has been evaluated and reviewed is presented. An introduction will be followed by a presentation of FDI and the factors that influence the location choice, followed by the location factors that are important for wind and bio-energy. In chapter 3 the methodology is elaborated and provides a description of the way this thesis was written and the choices that are made. In the second paragraph the data and sample size are explained. Theoretical and empirical frameworks are discussed, as well as the reliability and validity of this study. In chapter 4 the participating respondents are interviewed, which leads to an analysis and concludes the empirical results. Chapter 5 includes the results of the findings and the discussion that compares the theoretical statements that were researched and found necessary for this research presented in chapter 2. The mode of procedure is explained and the model of the empirical results is presented in this part. Chapter 6 includes the answers of this research by modifying the analysis model. The conclusion is based on the discussion in chapter 5. The answers serve as a proposal for further research in a broader context and give an opportunity of generalization. Chapter 2 Theoretical framework The literature review provides the foundation for this research, through discussions of previous studies on FDI and international business. Section 2.2 offers a review of studies regarding FDI. Next, it is essential to identify the location factors that influence that move, as it contains the answer to the second research question: What are location factors? The third paragraph contains a detailed overview of the location factors. An overview of the selected factors can be found in table 1. The list contains determinants to measure the impact on the location factors and their impact on FDI. The last paragraph contains a summary of the findings and a conclusion. 2.1 What is FDI? Modern day literature increasingly concentrates on subjects covering the globalization of markets and the internationalization of companies. Governments contribute to this situation by opening their regulations with the intention to profit from a more open economy (Dunning and Nurala, 2002). The growing number of liberal policies is a driving force for companies to go abroad and make FDI (Galà ¡n and Gonzà ¡lez-Benito, 2001). There are several definitions of a foreign direct investment presented by a number of researchers. A central theme of the definitions available on FDI, with the one illustrated by Moosa (2002) as a typical example, is that the companies undertaking such a venture aspire to gain a controlling stake in the asset or entity purchased. An FDI is not to be confused with an international or portfolio investment, where the aim merely is to diversify the holdings of the firm and make a financially sound investment (Buckley, 1998). FDI is defined as a firm based in one country (the home country) owning ten per cent (10%) or more of the stock of a company located in a foreign country (the host country). This amount of stock is generally enough to give the home country firm significant control over the host country firm. Most FDI is in wholly owned or nearly wholly owned subsidiaries. Other non-equity forms of FDI include: subcontracting, management contracts, franchising, and licensing and product sharing .In view of the above, FDI can be either inward or outward. FDI is measured either as a flow (amount of investment made in one year) or a stock (the total investment accumulation at the end of the year). Outward FDI can take various forms, home country residents can: purchase existing assets in a foreign country; make new investment in property, plant equipment in a foreign country; participate in a joint venture with a local partner in a foreign country (Dunning, 1976). 2.2 Location factors 2.2.1 Introduction There is considerable literature on the determinants of location factors for multinational Corporations (MNCs) when they choose their foreign market location, but very little on the relative importance of the location factors for FDI in a specific country and industry. It is widely believed that the trend towards globalized production and marketing has major implications for the attraction of developing countries to FDI inflows. The relative importance of FDI location determinants have changed. Even though traditional determinants and the types of FDI associated with them have not disappeared as a result of globalization, their importance is said to be on the decline. More specifically, one of the most important traditional FDI determinants, the size of national markets, has decreased in importance. At the same time, cost differences between locations, the quality of infrastructure, the ease of doing business and the availability of skills have become more important (UNCTAD 1996). Li kewise, Dunning (1999) argues that the motives for and the determinants of FDI have changed. Buckley and Ghauri (2004) point to the limited attention researchers have given to the FDI location factors in the literature. They suggest that international business strategy is distinct from main stream or single country business strategy only because of differences of location. Hence, location specifics are essential to the possibility of international strategy having a distinctive content. They, too, suggest that a focus on location, and possibly the question of why locations differ, could be a response to the issue of what forms the next big question in international business research. Dunning (2008) suggests that the more recent lack of attention to location by IB scholars could have arisen from an assumption that the location decision principles are the same for both international and domestic locations. Thus, scholars were either satisfied with existing explanations or as Dunning (1998) points out maybe theywere just not interested. In attempting to determine the relevant set of location factors, Michael Porters (1990) work cited in Hodgetts (1993) offers a valuable starting point. Porter notes that success for a given industry in international competition depends on the relative strength of that industry with regards to a set of business-related features or drivers of competitiveness, namely factor conditions; demand conditions; related and supporting industries; and firm strategy, structure, and rivalry. Government and chance are seen to influence competitiveness through their impact on the above four basic drivers. This framework the drivers of competitiveness has been used in a number of studies of industries and individual economies. Porters competitiveness framework has been the subject of major criticisms. Paul Krugman (1994) specifically criticized the idea that nations, or locations, compete in the same way as firms do, and his wide-ranging critique attacks this concept. Also, the empirical evidence for national competitiveness and the policies that follow are what Krugman (1994) describes as a dangerous obsession. Another criticism is that Porter places government involvement in international business outside of the core determinants. Many authors have claimed that Porters framework pays insufficient attention to relevant specific location factors such as globalization (Dunning, 1993), multinational companies (Dunning, 1993; RugmanVerbeke, 1993), technology (Narula, 1993. Several authors have questioned the validity of the model, and the conclusions drawn from the model, for countries such as Austria (Bellak Weiss, 1993), Canada (Rugman dCruz, 1993), Hong Kong (Redding, 1994) and Mexico (Hodgetts, 1993). A lot of research interested in providing the determining factors for FDI loca tion decisions is seen to be done by managers. Some of the major studies are the following (Dunning, 2000): theories of risk diversification (Rugman, 1979); agglomeration theories (Krugman, 1993; Porter, 1994, 1996); theories related to government-induced incentives (Loree and Guisinger, 1995); and theories of location (Dunning, 1997). All these new theories are certainly insightful, but they are all context-specific, and interested solely in stressing the relevance of certain factors to the detriment of others that may be equally significant. None of them has yet provided a satisfactory explanation of the relative importance of specific factors that lead managers to locate their investments via FDI in a specific country and industry (Dunning, 2008). Dunning (2008) believes that â€Å"it is not possible to formulate a single operationally testable theory that can explain all forms of foreign-owned production any more than it is possible to construct a generalized theory to explain all forms of trade or the behaviour of all kinds of firms.† Cohen (2007) believes that location factors for a specific location and industry that affect the location decision are based on the perceptions of a small group of senior managers, not a scientific formula. Furthermore, Buckly et al(2007) argue that studying a single firm or group of firms in the same industry is the best way to identify the most important factors, because firms in the same industry usually follow a systematic process for location choices, and seek to prioritize certain location factors as they become more internationally mature. Cohen (2007) argues, â€Å"No standard set of attributes, each with an assigned relative weight of importance, exists in the many lists of what matters in location published by business groups, international organizations, and scholars. Determining where to invest is a case-by-case decision†. Cohen (2007) also suggests that no single formula exists because specific strengths and weaknesses of a country or region might receive high priority by one team of corporate evaluators and can be ignored by another, depending on what kind of investment is contemplated, which in turn will determine a subsidiarys objectives and operational needs. Furthermore, individual corporate cultures will assign a different relative importance to what attributes they require in a country, what they would like to see, what negatives they can work around, and what is unequivocally unacceptable. Calculating trade-offs between positive and negative location characteristics is an art, not a science. Galan et al (2007) conducted an empirical research into location factors that has been researched by several theorists. This list provides a detailed overview of the main location factors and sub factors considered by several empirical studies that have examined their positive or negative influence on the location decisions of MNE managers in both DCs and LDCs. All these factors are usually included in the analyses made via the eclectic paradigm (Galan et al, 2007). They recognise that MNE managers motivation to eventually choose either or both groups of host countries will depend on the specific location factors available in them. These location factors are classified in the following categories: Cost factors Market factors Infrastructure and technological factors Political and legal factors Social Cultural factors The order of this list is random. According to Noorbakhshs, Paloni and Youssef (2001), foreign investors are attracted to regions that offer a combination of the location factors. The location factors are discussed separately in the next paragraph. 2.2.1 Cost factors This paragraph contains theoretical information about the cost factor as one of the location factors. The determinants that are criticized are labour costs and cost of materials. 2.2.1.1 Labour Cost The costs linked with the profitability of investment are one of the major determinants of investment (Asidu, 2002) . The rate of return on investment in a host economy influences the FDI decision. Asiedu (2002) noted that the lower the GDP per capita, the higher the rate of return and, therefore, the FDI inflow. Charkrabarti (2001) claims that wage as an indicator of labour cost has been the most arguable of all the potential determinants of FDI. There is no unanimity even among the comparatively small number of studies that have explored the role of wage in affecting FDI: results range from higher host country wages discouraging inbound FDI, to having no significant effect or even a positive association ( Dunning, 1989). Goldsbrough (1979) and Shamsuddin (1994) demonstrate that higher wages discourage FDI. Tsai (1994) obtains strong support for the cheap-labour hypothesis over the period 1983 to 1986, but weak support from 1975 to 1978. Charkrabarti (2001) stated that empirical res earch has found relative labour costs to be statistically significant, particularly for foreign investment in labour-intensive industries and for export-oriented subsidiaries. However, when the cost of labour is relatively irrelevant (when wage rates vary little from country to country), the skills of the labour force are expected to have an impact on decisions concerning FDI location. This is not the case for the investments in this case study, which is more knowledge based than labour intensive. Cheap labour is another important determinant of FDI flow to developing countries. A high wage-adjusted productivity of labour attracts efficiency-seeking FDI both aiming to produce for the host economy and for export from host countries. Studies by Wheeler and Mody (1992), Schneider and Frey (1985), and Loree and Guisinger (1995) show a positive impact of labour cost on FDI inflow. Countries with a large supply of skilled human capital attract more FDI, particularly in sectors that are relatively intensive in the use of skilled labour. 2.2.1.2 Cost of Materials The analysis above leads to two variables that can be measured to determine the importance of the cost factor that is labour cost (wages). The availability of raw material and cheap labour can be of crucial importance in the choice of location. The return on investments is not important for this study, because this is not region-constrained, so it is not an important factor for a location choice. FDI uses low labour costs and available raw materials for export promotion, leading to overall output growth. 2.2.2 Market Factors This paragraph contains theoretical information about the market factor as one of the location factors. The determinants that are criticized are market size, openness of the market, labour market and economic growth. 2.3.2.1 Market size The size of the host country market is a relevant determinant to the extent that the FDI is destined to serve the host market and not merely to set up an export platform. Larger markets should attract FDI because firms face economies of scale as FDI entails sunk costs (for example, in terms of adapting management to local conditions or getting familiar with host country legislation). Market growth should work in the same direction. Nunnenkamp (2002), Chakrabarti (2001) Campos and Kinoshita (2003), Braga Nonnenberg and Cardoso de Mendonca (2004), Addison and Heshmati (2003), Kolstad and Villanger, (2004) all find market size and/or growth to be relevant determinants of FDI. An economy with a large market size (along with other factors) should, therefore, attract more FDI. Market size is important for FDI as it provides potential for local sales, greater profitability of local sales to export sales and relatively diverse resources, which make local sourcing more feasible (Pfefferman and Madarassy 1992). A large market size provides more opportunities for sales and profit to foreign firms, and in doing so attracts FDI (Wang and Swain, 1995: Moore, 1993; Schneider and Frey, 1985; Frey, 1984). FDI inflow in any period is a function of market size (Wang and Swain, 1995). However, studies by Edwards (1990) and Asidu (2002) show that there is no significant impact of growth or market size on FDI inflows. Further, Loree and Guisinger (1995) and Wei (2000) find that market size and growth impact differ under different conditions. Artige and Nicolini (2005) state that market size, as measured by GDP or GDP per capita, seems to be the most robust FDI determinant in econometric studies. This is the main determinant for horizontal FDI. Jordaan (2004) mentions that FDI will move to countries with larger and expanding markets and greater purchasing power, where firms can potentially receive a higher return on their capital and by implication receive higher profit on their investments. Charkrabarti (2001) states that the market-size hypothesis supports an idea that a large market is required for efficient utilization of resources and exploitation of economies of scale: as the market-size grows to some critical value, FDI will start to increase with its further expansion. This is a questionable conclusion, because there are firms who are looking for niche markets for their products and a large expanding market is a disadvantage to them. Concluding the size of the market and the GDP of a region are not important determinants for the location choice. 2.2.2.2 Openness of the Market There is mixed evidence concerning the significance of openness, which is measured mostly by the ratio of exports plus imports to GDP, in determining FDI as well (Charkrabarti 2001). Jordaan (2004) claims that the impact of openness on FDI depends on the type of investment. If the investments are market-seeking oriented, trade restrictions (and therefore less openness) could have an impact on FDI. The reason stems from the â€Å"tariff jumping† hypothesis, which argues that foreign firms that seek to serve local markets may decide to set up subsidiaries in the host country if it is difficult to import their products into the country. In distinction, multinational firms involved in export-oriented investments may choose to invest in a more liberal economy since increased imperfections that accompany trade protection generally imply higher transaction costs associated with exporting. Wheeler and Mody (1992) observe a strong positive support for this theory in the manufacturing s ector, but a weak negative link in the electronic sector. Kravis and Lipsey (1982), Culem (1988), Edwards (1990) find a strong positive effect of openness on FDI and Schmitz and Bieri (1972) obtain a weak positive link. Trade openness generally has a positive influence on the export-oriented FDI inflow into an economy (Edwards (1990), Gastanaga et al. (1998), Housmann and Fernandez-arias (2000), Asidu (2001)). In general, the empirical literature reveals that one of the important factors for attracting FDI is trade policy reform in the host country. Theoretical literature has explored the trade openness or the restrictiveness of trade policies (Bhagwati, 1973; 1994; Brecher and Diaz-Alejandro, 1977; Brecher and Findley; 1983). Investors in general prefer big markets to invest in and they like countries that have regional trade integration, as well as countries with greater investment provisions in their trade agreements. Theory does not give any clear-cut answer to the question how trade barriers affect the level of FDI flows. â€Å"Horizontal† FDI tends to replace exports if the costs of market access through exports are higher than the net costs of setting up a local plant and doing business in a foreign environment. Traditionally, governments have used trade barriers to induce â€Å"tariff-jumping FDI†, i.e. horizontal FDI that takes place to circumvent trade barriers. On the other hand, â€Å"vertical† FDI relies on a constant flow of intermediate products in and out of the host country and therefore benefits from a liberal trade environment. In that case, trade barriers should encourage â€Å"horizontal FDI† and discourage â€Å"vertical FDI† and its effect on the aggregate level of FDI depends on which type of FDI dominates. Empirical studies, however, support a positive effect of openness on FDI. Chakrabarti (2001) finds the sum of imports and exports as a share of GDP to be the variable most likely to be positively co rrelated with FDI besides market size in an extreme bounds analysis. Braga Nonnenberg and Cardoso de Mendonca (2004) and Addison and Heshemati (2003) also find this variable to be positively correlated with FDI. The problem with using trade as a share of GDP as a measure of trade policies is that it reveals a trade policy outcome, rather than trade guidelines. The openness of a market is clearly linked with the policy regulations of the potential market. Pà ¤rletun (2008) finds that trade openness is positive but statistically significant from zero. Moosa (2002) states that while access to specific markets is important, domestic market factors are predictably much less relevant in export-oriented foreign firms. A range of surveys suggests a widespread perception that â€Å"open† economies encourage more foreign investment (Moosa, 2002).Therefore, the openness of a market is relevant to the appeal of a region. Restrictions will decrease the appeal of the region. 2.2.2.3 Labour market Labour is also a determinant for market factors according to Majocchi and Presutti (2009), they investigated whether entrepreneurial culture plays a role in attracting foreign direct investment (FDI). Multinationals are a network of distributed assets that contain entrepreneurial potential and are highly innovative to increase competitiveness (Rugman and Verbeke, 2001). Firms and entrepreneurs are valuable in gaining access to local knowledge. However, entrepreneurial culture may also rely on resources in the local environment, which is not mentioned in particular by Majocchi et al. (2009). In this respect, natural resources are taken for granted. The availability of a cheap workforce (particularly an educated one), personnel policy, female participation and ageing influences investment decisions and in doing so are a determinant that influences the FDI inflow. A negative effect of these determinants will lead to an increase in wages and a decline in the return of investments in the future. Due to the static framework of this thesis, these determinants are not investigated. 2.2.2.4 Economic Growth If the host countrys market has a high-growth rate, it attracts more investors on a long-term basis (Chen, 2007). Economic environment growth in a country serves underlying factors when company decide which country to enter (Erramilli 1991).The role of growth in attracting FDI has also been the subject of controversy. Charkrabarti (2001) states that the growth hypothesis developed by Lim (1983) maintains that a rapidly growing economy provides relatively better opportunities for making profits than the ones growing slowly or not growing at all. Lunn (1980), Schneider and Frey (1985) and Culem (1988) find a significantly positive effect of growth on FDI, while Tsai (1994) obtains a strong support for the hypothesis over the period 1983 to 1986, but only a weak link from 1975 to 1978. On the other hand, Nigh (1985) reports a weak positive correlation for the less developed economies and a weak negative correlation for the developed countries. Gastanagaet et al. (1998) and Schneider and Frey (1985) found positive significant effects of growth on FDI FDI has the ability stimulate economic growth only in the short run while the economy is shifting from one short-lived equilibrium to another. The only source of long-term economic growth is technological progress, which is considered to be independent of investment activities. This factor is discussed in the next paragraph. However, in endogenous growth theory, the diminishing returns on investment can be avoided if there are positive externalities associated with investments (Oxelheim, 1996). If investment brings enough new knowledge and technologies, it can lead to long-term economic growth. As, typically, FDI brings new technologies and knowledge, in accordance with endogenous growth theory it can be viewed as a catalyst of long-term economic growth in a host economy. Economic growth will improve the ability to compete with other regions and this will increase the quality and ability of other location factors. The relevance of economic growth for FDI is not very clear: it depends on the distribution of the new capital. The analysis above leads to four validated variables that determine the relevance of market factors: (a) market size, (b) openness of the market, labour market and (c) economic growth. Market size is the only variable that is less important. The openness of a market and the economic growth are very important, these variables are positively linked with political, infrastructural and technological factors. An open market as well as a positive economic growth will lead to more FDI in a region. 2.2.3 Infrastructure Technologic

1015 Folsom Night :: essays research papers

There are many nightclubs in the city of San Francisco and throughout the Bay area. There is two different kind of nightclub. One is the high-class nightclub, which the cover charge is more expensive, tight security and the nightclub itself is more exclusive. The other one is the lower class club, which all people can enter and the security is not that tight. Nowadays, most nightclubs are the same. Nightclub used to be for people to meet their friends and having fun together but nowadays many people misuse nightclub as a place for using drug. I never like to go to nightclub because the place is very noisy, dark and lastly drugs are often involve in nightclub. It took me a few hours to decide which club to go. I am a person who likes to stay at home watching television, playing video games and surfing through the Internet. Well, it was very hard for me to go out, as my legs felt heavy to walk through the front door. After a long struggle, then I forced myself to go to a nightclub. My friend recommended me to go to 1015 Folsom nightclub because the songs are funkier. The club is located at Folsom street, downtown San Francisco. We arrived at 1015 Folsom around 11.45pm. Many people were still lining up to get into the discotheque. I didn't know why people like to go to such a dark and noisy place like that. Anyway, people who were there are mostly dressed up. Some of them looked interesting. My attention went to an old man about 50-60 years old man who were already dressed up and ready to rock his world. I wondered why would the old man go to a nightclub. May be he was lonely or may be he was just looking for fun and excitement. Well, I didn't really know. Ten minutes after lining up, I went inside the nightclub. From the door, I could hear the song and the beat of the bass so loud that my heart could feel it. Inside the nightclub, I saw people were dancing everywhere, on dancing floor, on their own seats, everywhere. They would dance and take a big gulp of their beer. Even the bartenders were dancing too, following the rhythm of the loud funky music. The rainbow rays of light moved through the club to make the mood even more exciting and funky.

Global Economy Essay

Below is a list of essay questions, the ONE question that you will be required to write on will be chosen from the list below. 1. Identify a current international political or economic issue and write on the cause(s) and impact globally. (500 word limit) 2. Select one project you have worked on in the past and write an evaluation of the strengths and weaknesses of the execution, including an assessment of your own contribution. (500 word limit) 3. Identify a key industry leader in Nigeria today and give reasons why you admire this person and outline the person’s contributions to the economy and society. 4. What is the relevance of the MBA degree in the current business environment? Is the degree necessary for success? If you miss this examination or would like to do the GMAT instead, you have until June 28, 2013 to submit your GMAT score in order to have an interview scheduled for you. For details of the GMAT, please visit www. mba. com I wish you all the best. Regards, Nubi Achebo (Dr. ) MBA Director

Unemployment Inflation And Gdp In The Us Economics Essay

Three cardinal elements qualify the growing of an economic system. They include rate of unemployment, rising prices and assorted figures that define the Gross Domestic Product ( GDP ) . A reappraisal of these issues is indispensable in order to give the reader some good apprehension of economic growing. Harmonizing to the Bureau of Statistics, unemployment rate in the United States seems to lifting somewhat than expected. The agency maintains that 8.8 % of grownup work forces and 7.9 % of their female opposite numbers autumn under the unemployed class. In add-on, the rate of rising prices as indicated by latest study from the agency seems to on the rise. This has resulted in the overall addition of consumer monetary value index by up to 1.6 % before any signifier of seasonal accommodation. Finally figures from the Bureau of economic analysis indicate that the GDP for the 4th one-fourth of 2010 rose by 3.2 % . This is largely attributed to high demand of labour and additions in belong ings monetary values. This information is indispensable for family, investors and policy shapers towards the growing and development of the economic system.FamiliesInflation is the most pertinent issue that affects many families in the United States. Phil ‘s Stock World ( 2011 ) on his remark in the double authorization morass asserts that, harmonizing to informations from assorted transcripts, the Federal Reserve is still unconcerned about rising prices, in malice of important grounds to the contrary. In fact, the Fed is so unconcerned about rising prices that, it needed to advert â€Å" rising prices † 49 times in its study. Phil et Al ( 2011 ) goes on to add that, due to the merely passed planetary economical crisis, families should non anticipate a speedy reprieve. In fact the Fed expects the idle rate to stay â€Å" elevated † at the terminal of 2012 ; even though it claimed a lifting existent GDP might easy cut down unemployment. A study conducted on 60000 families indicates that rising prices does non offer any signifier of alteration aimed at change by reversaling the downward tendency in unemployment degrees. Morgan Stanley is of the position that although employment was reported to hold fallen by 622000, this information is still nonmeaningful. No uncertainty, monetary values of natural stuffs have risen. There are some basic grounds for this upward tendency. The planetary growing phenomenon is partially to fault. Increased demand from China, India, and Africa among others will set upward force per unit area on trade good monetary values. It is overriding to observe that trade good monetary values are besides a map of involvement rates. Low involvement rates cause a comparative addition in the value of low ended merchandises ( due to take down discounting ) , making less incentive for extraction, and cut downing the cost of keeping stock lists ( Phil et al 2011 ) .InvestorsInflation influences investor â €˜s determinations in more luxuriant ways as compared to families. With an addition in inflationary force per unit area, involvement rates will be high and hence decrease in investing. Phil et Al ( 2011 ) notes that, sing the relentless travel up in stocks, â€Å" Our market marks, breakout two degrees, and major jailbreak degrees are supplying more bullish fuel to our market thesis. † He further points out that, the U.S. bond markets were responding to inflationary concerns, ensuing in Treasury- bond outputs lifting and bond monetary values falling. Phil et al farther argues that, â€Å" It all comes back to rising prices. The Fed merely does n't believe it exists or, if it does, believes it wo n't last. It ca n't reallyA lose. The Fed can merely be incorrect this meeting and so make nil and delay until following meeting and so ‘reevaluate. ‘ Morgan et al 2011, in contrast argues that harmonizing to the FOMC proceedingss, â€Å" many participants expect that , with important slack in resource markets and longer-term rising prices outlooks stable, steps of nucleus rising prices would stay near to current degrees in coming quarters † . This means that rising prices is likely to impact investors ‘ determinations particularly in relation to short term investings.Policy MakersThe policy shapers play a major function in the running of the economic system. Morgan et Al reiterates that with the strong economic recoil, policy-makers are now following a somewhat anti-cyclical stance. The primary balance ( runing gross less entire outgo ) is expected to travel from a shortage of 0.3 % of GDP in F2010 to a excess of 0.3 % in F2011. Meanwhile, the overall budget balance ( which takes into history particular transportations, top-ups and net investing returns part ) is expected to travel from a shortage of 0.1 % of GDP in F2010 to a excess of 0.03 % in 2011. Specifically, the swing from a little shortage place to a more or less balanced bu dget is chiefly due to the addition in particular transportations being offset by cutbacks in development outgo. In add-on to that in order to hike g.d.p the Fed has a figure of tools ( such as contrary rest and clip sedimentations for depositary establishments ) to take militias from the banking system when appropriate. However, a crisp tightening in pecuniary policy is improbable. The Fed will finally hold to take the pes off the gas pedal ( non needfully â€Å" hitting the brakes † ) as a â€Å" standardization † of pecuniary policy. Removing the conditional committedness to maintain short-run involvement rates near nothing for â€Å" an drawn-out period † will depend on a alteration in the Fed ‘s declared conditions: low rates of resource use ( equivalently, an elevated unemployment rate ) ; a low implicit in tendency in rising prices ; and well-anchored rising prices outlooks ( Morgan et al 2011 ) .

Free Essays on The Red Badge

Four main characters (and one-sentence description of each) Henry Fleming (the youth) - Henry, the main character of the novel, was at first very excited to go to war joining the army against his mother’s wishes, but he finds war frightening and he becomes a coward to later become a hero. Jim Conklin (the tall soldier) - Jim was a close friend that Henry had met in the army where he gets shot and is nursed by Henry. Wilson (the loud soldier) - Wilson was a friend of Henry in the army who was at first loud and obnoxious but proves helpful when Henry became wounded. Henry’s mother - She shows up at the beginning of the book and tells Henry that she does not want him joining the army, but wishes him luck when he does anyway. Two minor characters (and one-sentence description of each) Tattered soldier - He pestered Henry at the camp before they set off to fight. Cheery soldier - He helped Henry back to camp after Henry fled. Three main settings (and one sentence description of each) The forest - All of the fighting occurs in the forest where Henry learns about fear and valor. The camp - This is the Union base where the army set up for the night. One paragraph plot outline The book starts out with a new regiment for the Union army waiting around for some fighting. Jim Conklin, a friend of the main character, Henry Fleming, hears some rumors about their next movements. He tells the other soldiers of the rumors telling them that they’re going to go around the enemy and attack them from behind. Sure enough, a few days later, they start marching and they attack. This is the first battle for the regiment so a few soldiers, including Henry Fleming, desert the regiment. After Henry deserts, he finds Jim and walks with him for a while before Jim dies. Henry wanders about a bit and gets in a fight with another lost soldier of the Union army who hits him across the head with the butt of his rifle causing Henry to bl... Free Essays on The Red Badge Free Essays on The Red Badge Four main characters (and one-sentence description of each) Henry Fleming (the youth) - Henry, the main character of the novel, was at first very excited to go to war joining the army against his mother’s wishes, but he finds war frightening and he becomes a coward to later become a hero. Jim Conklin (the tall soldier) - Jim was a close friend that Henry had met in the army where he gets shot and is nursed by Henry. Wilson (the loud soldier) - Wilson was a friend of Henry in the army who was at first loud and obnoxious but proves helpful when Henry became wounded. Henry’s mother - She shows up at the beginning of the book and tells Henry that she does not want him joining the army, but wishes him luck when he does anyway. Two minor characters (and one-sentence description of each) Tattered soldier - He pestered Henry at the camp before they set off to fight. Cheery soldier - He helped Henry back to camp after Henry fled. Three main settings (and one sentence description of each) The forest - All of the fighting occurs in the forest where Henry learns about fear and valor. The camp - This is the Union base where the army set up for the night. One paragraph plot outline The book starts out with a new regiment for the Union army waiting around for some fighting. Jim Conklin, a friend of the main character, Henry Fleming, hears some rumors about their next movements. He tells the other soldiers of the rumors telling them that they’re going to go around the enemy and attack them from behind. Sure enough, a few days later, they start marching and they attack. This is the first battle for the regiment so a few soldiers, including Henry Fleming, desert the regiment. After Henry deserts, he finds Jim and walks with him for a while before Jim dies. Henry wanders about a bit and gets in a fight with another lost soldier of the Union army who hits him across the head with the butt of his rifle causing Henry to bl...