Foreign Direct Investment (Fdi)

Foreign Direct Investment (Fdi)   Ã‚  Ã‚  Ã‚  Investment done by a foreign individual or company in productive capability of another country is what is meant by foreign investment. It is the movement of capital from the national border in such a way tat it grants the investor the total authority over the acquired asset. FDI generally transfers both physical capital and intangible assets such as technology among nations. As per standard growth theories, the major factors driving economic growth are capital accumulation and technological innovation. Foreign direct investment plays a major role in the economic development of the host nation. It acts as a launching pad to the economic, social, infrastructural, technological developments of many host countries. This is an age of globalised world economy and foreign direct investment is the major driving force behind the interdependence of national economies.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  FDI has a major role in taking the economy of the host country far ahead. The economically developing as well as the underdeveloped countries are dependent on the economically developed countries for financial assistance which would help them to achieve some financial stability. For the last twenty years any form of foreign direct investment has gained in a lot of capital knowledge and technological resources into the economy of a country.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Foreign direct investment is an essential and unavoidable part of national developmental plans. There are many positive aspects for FDI for which it is welcomed by all nations globally. It has become an integral tool for triggering economic growth for nations all over. FDI is well versed in utilizing human resource in the most effective way as a result of which high productivity is obtained. Foreign direct investment has gained popularity worldwide.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Though most of the FDI flows is mainly based in the developed nations, it is very much crucial for developing countries as well (refer figure 1). As per the figure between 1990-2000 the aggregate wealth of the developing nations nearly became four times and its total trade volume shot over five folds, FDI flowing into the developing countries grew to18 times. Because of private direct investments, the involvement of developing countries in the global production network increased considerably.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Foreign direct investment made drastic changes in the economy of the host country. The infrastructure of the host country increased considerably. Technological development was also made possible. The living standard of the common people of the host country also improved due to foreign direct investment. FDI turned as a boon to the host country as the growth and development made by it was splendid as it not only improved the economic conditions of the nation, it also could improve the social conditions. Again the health sector of the host country could also develop because of foreign direct investment. Types of FDI:   Ã‚  Ã‚  Ã‚  Ã‚  Foreign direct investment can be classified into two types. They are Greenfield investment and Mergers and Acquisition. Greenfield investment   Ã‚  Ã‚  Ã‚  Ã‚  Direct investment by a foreign company or individual in new venture or expanding by constructing new facilities in the existing territories in the host country is known as green field investment. This type of FDI is done in developing countries like India where multinational companies build new organizations. Foreign companies even hire employees from the host countries there by creating job opportunities. Developing nations gives captivating offers like tax-breaks, subsidies and incentives to the foreign companies in order to attract them. Losing corporate tax is negligible when compared to advantages to FDI.   Ã‚  Ã‚  Ã‚  Ã‚  Benefits of Greenfield investment are several. In sourcing is done there by increasing employment opportunities .Also employees are paid more than those working in domestic firms. Foreign countries invest in Research and development as a result of which the technology of the host country increases .Knowledge is imparted to the disadvantaged sections also. They go on expanding business by putting in more capital investments. Nations human capital gets utilized there by boosting up economy. Mergers and Acquisition:   Ã‚  Ã‚  Ã‚  It is a primary type of foreign direct investment.   Ã‚  Ã‚  Ã‚  Ã‚  Mergers and Acquisitions take place when transfer of existing assets from a local firm to foreign firm is done. There are no long term benefits to the local economy. When control over assets and operations are transferred from host to foreign company, cross border acquisition takes place. When assets and operations from different nations are made to a single new legal entity, cross border merger takes place. Forbidden Territories:   Ã‚  Ã‚  Ã‚  Ã‚  Foreign direct investment is not allowed in all sectors. In India it is restricted to certain areas such as Arms and ammunition, Atomic Energy, Railway Transport, Coal and lignite, mining of iron, manganese, chromium, gypsum, sulfur, gold, diamonds, copper, zinc etc. Certain other sectors may be restricted in other countries for FDI. Policies to promote economic development   Ã‚  Ã‚  Ã‚  Ã‚  Several studies have been conducted regarding foreign direct investment and economic development. The results obtained from the studies were rather conflicting and not reliable. Some studies proved that the economic development in the host countries were only momentary. Certain studies show that there is no such effect. The linkage between the development and FBI is found confusing and the results differ for each country. Some studies find that there are benefits. As a consequence of foreign investment employees enjoyed greater salary that those working in the domestic field. Some did not study this benefit.   Ã‚  Ã‚  Ã‚  Ã‚  Policies which I would recommend a host country government to adopt towards foreign investors in order to promote economic development are as follows.   Ã‚  Ã‚  Ã‚  Ã‚  Foreign investments are really an integral part of economic development of a host nation, particularly economically developing and economically under developed nations. So a host government should attract foreign direct investors to the country if they believe the project would bring positive outputs. For that the host government has to give interesting incentives, subsidies, tax cuts etc. There is large competition among nations to bring foreign investors home so that their country could develop in all terms. The host government has to prove the foreign investors correct too in order to bring more investments in the particular field and also as a result of which they make their mind to invest in other sectors also. The host country authorities can give training to both workers and managers; technological training so that foreign investors get attracted as there is supply of human resources. By adopting these methods if that particular investor succeeds, that succ ess will prompt another investor to the host country.   Ã‚  Ã‚  Spillover benefits do exist, but not globally. Mainly those benefits are enjoyed by economically developing and under developed host nations. Every host country differs in its economy, human resource, technological advancements, educational quality, competition and its policies towards foreign direct investment (FDI).

Title Acceptation to the Crucible :: Essay on The Crucible

Title Acceptation of The Crucible "A vessel of a very refractory material used for melting and calcining a substance that requires a high degree of heat." "A severe test." "A place or situation in which concentrated forces interact to cause or influence change or development." All of these definitions lead up to one word. Crucible. Author Miller incorporates this word in his play, The Crucible. The aforementioned definitions play a large part in The Crucible's symbolism, characters, and plot. "A place or situation . . . " is the definition mostly used in the play's plot. The change of the village is shown when Danforth states that ". . . a person is either with this court or he must be counted against it, there be no road between. This is a sharp time, now, a precise time--we live no longer in the dusky afternoon when evil mixed itself with good and befuddled the world."(94). This comment shows that the village has indeed gone through a change and that good and evil are, from this point forward, seen as black and white. There is a distinct separation Bremmerman 2 between the two that has not been there before. The concentrated forces at the center of this change are the young girls led by Abigail Williams. The closeness of the girls is played out at the end of Act One. Abigail onsets the anarchy when she cries "I want to open myself! . . . I want the light of God . . . I saw Sarah Good with the Devil! I saw Goody Osbourne with the Devil! I saw Bridget Bishop with the Devil!"(48) The other girls then mimic her cries of accusation by screaming out the names of those they had seen with the devil. With all of these accusations the chaos begins and Salem Village will never be the same. Among the characters in the play the most prominent meaning for crucible is "A vessel of a very refractory material . . ." After the questioning of the Proctors Reverend Hale points out to John that "no crack in a fortress may be accounted small."(67) This observation may also be made in reference to John Proctor's crucible. The crack in his crucible is Abigail Williams and she will, in the end, be the reason that Proctor can no longer take the heat. Just as a crack in a fortress will lead to the tumbling of the building a crack in a crucible will lead to an inability to contain heat.

Why did the authorities start using transportation as a punishment in the 1660’s and stop using it in 1868?

Since the 1660’s, the British government had been ridding Britain of rebels and criminals they no longer wanted in the country. This method of punishment was typically known as transportation. This involved sending the convicts to another country to commit hard labour and to live in deserved difficult conditions. Since the 1660s, the main transportation location from Britain was to the American colonies. However, when the American colonies had won their independence, transportation to there stopped suddenly.This created trouble for British convicts, as they desperately needed a new place to put the criminals; their prisons and hulks were becoming too overcrowded. Australia was then chosen as the main settlement because it at that time had recently been discovered (1770) so it would be deserted and available for labour. One of the reasons why authorities started using transportation as a punishment was to provide an alternative to hanging. Whilst the Bloody Code was present as the law, the majority of the public believed that hanging was too extreme, especially for minor crimes.They felt that having the same cruel punishment for a minor and major crime was a ridiculous rule. Juries would often not convict people and judges would find excuses not to hang people. As hanging was out of the question, another punishment that was not as cruel as the death penalty needed to be made; transportation being a suitable consequence for criminals and rebels as it still acted as a punishment because of the labour, and it didn’t have the intention of killing people.During the 1660’s, there were very few prisons and building new ones would cost authorities a lot. This also created another reason for transportation to become a new punishment, as it would give criminals a place to stay that wouldn’t cost the British authorities. Another reason why transportation started was because it was a satisfactory method to reform the criminals; thought better tha n prisons. The criminals would learn skills from the forced work that would benefit their future as a person.This reason was the least important reason behind transportation but it still worked upon the criminals. These criminals were thought to lead law-abiding lives after their release than criminals from prison. Transportation was a good deterrent as Australia was still an unknown country. The government hoped that the idea of being sent to the ‘edge of the world’ would terrify people and therefore put them off from breaking the law. Sending criminals off to Australia was also a way to get rid of criminals in Britain.This would reduce the crime rate and the number of criminals in the country. Sending British criminals off to Australia also helped the settlement and development of Australia as part of the British Empire. Transportation helped Britain to claim Australia for their empire. This would stop France and other rivals gaining whatever resources Australia had. From the 1800’s onwards, transportation started to lose it usefulness it once had. One reason being the Gaol’s Act in 1823 led by Fry and Peel.This movement led prisons become more suitable places as they were improved by better treatment of criminals and better living conditions. This gave the opportunity of criminals from now on being sent to prison instead of Australia as there were myriad reasons why transportation was becoming an issue. One reason being that the transport was costing ?0. 5 million per year and seeing as there were more prisons built, it cost them less money so keeping the criminals in the country was saving the authorities funds.Also, many of the ex-convicts reformed and were now living peacefully and finding work in Australia. The free settlers in Australia started to set up societies within Australia protesting against Britain ‘dumping’ convicts in their country. Wages were also higher in Australia than in Britain once a prisoner ha d won their ticket of leave. By the 1860’s, Australia was well established as a secure part of the British Empire so they no longer needed to make their claim over it as no other country would be able to.Overall, transportation started because of the many factors that lead the British authorities to sought out another punishment that was still effective but not as harsh as the death penalty. Factors such as hanging being too harsh, a new form of a deterrent and reformation for criminals. Also to claim the newly discovered land, Australia, for the British Empire. Whereas, transportation was seized because of Australia becoming more and more developed, it was not lowering the crime rates in Britain and prisons became more useful to use because it was cheaper for the British government and they were under more control.

Alibaba Taobaos - 837 Words

Alibaba Taobao Introduction Founded by Alibaba Group on May 10, 2003, Taobao Marketplace facilitates consumer-to-consumer (C2C) retail by providing a platform for small businesses and individual entrepreneurs to open online stores that mainly cater to consumers in Chinese-speaking regions (Mainland China, Hong Kong, Macau and Taiwan) and also abroad. Taobao Marketplace (formerly Taobao) was launched in May 2003 by Alibaba after eBay acquired Eachnet, China’s online auction leader at the time, for USD 180 million and became a major player in the Chinese consumer e-commerce market. To counter eBay’s expansion, Taobao offered free listings to sellers and introduced website features designed to act in local consumers best interests,†¦show more content†¦For instance, the screen names of online moderators were derived from characters in popular Chinese kung-fu novels. It also introduced the online payment system Alipay a year later. Online credit card or debit card payment was very rare in China and customers usually paid cash on delivery. Alipay formed partnerships with leading Chinese banks and signed a long-term agreement with China Post, which meant customers without a debit or bank card could fund their Alipay accounts at any of its 66,000 offices. Taobao provided services and solved problems for the smaller businesses that are the driving force behind China’s economic boom. For instance, Alipay enabled people to pay for goods and services easily. Also, Taobao identified how to help people buy and sell. By making online shopping easy, safe and fun it helped many first-time online buyers build confidence in e-commerce. On the other hand, EBay in China was charging users to list products and services which will discourage sellers to set up online shops on its website. This will thus cause a decrease in goods and services provided on eBay and buyers will look for alternatives because of the lack of choices. 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