Communization in the changing civilizations Essay

Communization in the changing civilizations - Essay Example The dangerous clashes of the future are likely to arise from the interaction of Western arrogance, Islamic intolerance, and Sinic assertiveness.†(p 183-186) Huntington’s concern to preserve and protect the superiority of the Western societies is so great that he offers concrete suggestions â€Å"to protect the cultural, social, and ethnic integrity of Western societies by restricting the number of non-Westerners admitted as immigrants or refugees.†(Huntington, 1996, p 183-186) In another context, he says about the Mexicans that they are out to reclaim their homeland from America and considers their influx (immigration to the USA) as a threat to the unity and integrity of USA. The mind of Mario Vargas Llosa swings like the pendulum elucidating the concepts of globalization, modernization etc. The author perfectly understands the complexities created by the rapid industrialization and the stunning economic growth in some of the western countries. The views of Llosa are entirely different from those of Huntington, but he also realizes the threat of cultural invasion in America and some other western countries. Llosa opines, â€Å"The most effective attacks against globalization are usually not those related to economics. Instead, they are social, ethical, and above all, cultural.†(Llosa, 2000) Here the author veers round the views of Huntington, yet maintains the distance. Huntington creates a grim picture of the weakening of the nation state. But Llosa sees the silver lining in this weakening process.

Cap task3c Term Paper Example | Topics and Well Written Essays - 5000 words

Cap task3c - Term Paper Example A log of time spent with the client 28 References 30 MBA CAPSTONE PROJECT 3.0 Functional areas The three functional areas upon which the problem is based include financial planning, research and development, and leadership. These are discussed as follows: 3.1 Financial planning This project will require substantial funds to be spent on purchase of sophisticated equipment that is used in implementation of image segmentation technique. Before the project is approved, an appropriate budget estimate has to be approved, but that will require adequate justification of all the important expenditure – the project cannot be approved without proper justification of budget estimate. This will be a tasking process keeping in mind that budgeting requires specialized accounting knowledge, but I will make efforts to put up a team with diverse knowledge and skills to help in areas that require specialized attention. 3.2 Research and development This project entails extensive investigation in order to arrive at the most effective scientific method of screening, which will potentially phase out the old techniques that have somewhat hampered treatments and screening of breast cancer in Mt Sinai Hospital. Investment in R&D of this magnitude will require hefty budgetary allocation, and the project committee in charge of approving the project must be convinced the expenditure that will be channeled towards R&D will be recovered in the long-term, otherwise the project will be considered ineffective. 3.4 Leadership Successful implementation of this project will require the project manager together with his/her team to work productively and as a united team in order to ensure effective and smooth implementation process. Despite financial and time constraints, the expectations of the project are quite high and hence very high leadership qualities are required to ensure all aspects of the projects are balanced. Most importantly, effective implementation requires a cohesive team, w hich is not possible without the right leadership. 4.0 Business Case Breast cancer is caused by genetic mutation of cells that are produced within the milk-producing lobules, which results to their abnormally quick growth. This project has been hatched with the realization that breast cancer can be treated easily if the hospital is in possession of modern and more sophisticated equipment - which aids in highly accurate screening tests 4.1Primary justification Breast cancer is a leading cause of deaths in Mount Sinai Hospital. Additionally, it is a matter of fact that breast cancer is the leading form of cancer that is killing many women in Mount Sinai Hospital as well as all other hospitals in the world. It is, therefore, very important for the hospital management to consider introduction of an image segmentation facility to help with early warning of breast cancer, because this is literary the key to improving breast cancer diagnosis in the hospital. Image segmentation use contours on the region they are positioned on to find the features of an image. As illustrated in figure 1, introduction of screening in US has increased breast cancer incidence, and this will be a primary benefit of this program. Fig 2?Incidence of invasive breast cancer per 100?000 women in the US 4.2 Performance gap and the expected benefits One of the most common screening methods used

The Realism In War English Literature Essay

The Realism In War English Literature Essay In times of war one must simply endure to survive; as a seemingly insignificant foot soldier discovers in Charles Harrisons novel, Generals Die in Bed. Through this character Harrison strips away any possible glorifications that were previously found in most stories of war. Charles Harrison presents the reality of war without attempting to romanticize the idea of grand battles. War, as depicted in Harrisons work, is an unadorned, hollow, and meaningless endeavor that nations have had the unfortunate habit of creating and recreating throughout history. Without this sense of safety, which previous works have accomplished by sugar coating war, Generals Die in Bed weaves together a representation of war that maximizes the full-blown power of a harsh reality. Harrison achieves a graphic portrayal of war through the novels form. More specifically, the clever use of structure, plot, characterization, language, and point of view allows Harrison to portray the stark contrast of the reality of war with the common perception of chivalry in battle. True to its anti-war reputation, the novel illustrates war in a dramatic and horrifying way. This is easily identified as the concept and purpose of war are continuously questioned. As the disapproval of war becomes a common theme, of Generals Die in Bed, many justifications behind these views become clear. Needless deaths and constant terror, as well as emotional suffering and trauma, become common factors that contribute to the distaste involved with war. Deaths and misery need no annotation; they simply are. These daily horrors only increase the damning nature towards war when they have no justifiable cause. As the question of why constantly crops up in the plot, the idea of a just war is heavily questioned. More simply, war makes no sense. The plot further enforces the incomprehensible aspects of war by avoiding the traditional eight point arch and adopting a sustained tension and conflict, without the obligatory resolution that is supposedly substantial. Harrisons novel does not employ this common convention; but creates a structure consisting of two main components: rest and action. The rest is represented by the moments and periods in which the protagonist, and his fellow soldiers, takes his time away from the front lines. The action, on the one hand, represents the trench times, bombardments and raids that the soldiers had to face and endure. This structural preference adds to the sense of immediacy and involvement that the reader experiences and allows the story of war to become more believable. In this way, Generals Die in Bed is debunking the romanticized notion that war is a duel and an extravagant battle. Even in war, there are periods of inaction. The dispatch; the months and weeks of being away from the trenches; the visit to London; and the benign conversations of soldiers all construct the varied pauses that punctuate the lives of the soldiers during the war. By including these inactive periods, Harrison is not making an attempt to portray the absence of conflict. In fact, Harrison achieves quite the opposite by means of including aspects of the war in every facet of life. For example, when the protagonist was vacationing in London, the conflict was not unfelt. Despite efforts to escape the war, vague traces of it follows him wherever he goes, like the sound of distant cannons. Even while trying to escape the ter rors of warfare, the protagonist is unable to let go of his current mindset. During his visit to the theater, for example, the unnamed soldier notices that the play and audience trivialize the war, and feel[s] they have no right to laugh at jokes about the war (107). Despite this, however, conflict does more than merely contribute to the sense that war is slowly consuming the lives around it. The conflict depicted in the novel works as an important event. By jumping from important event to important event, Harrison allows the protagonist to express his sense of confusion. Much like a lost soul, the soldier seems to wander through time. This effect, although not conventional, allows the reader to understand the effect that war can have on the mind, as well as contributes to the impression of a dazed soldier. In addition to this, the jumping of event also can contribute to a sense of befuddlement, suggesting that war cannot be understood, and lack of control. This lack of control can relate back to the inability to stop the damaging effects of war, but can also help portray the situation of the soldier: A soldiers life is not his own, but belongs to the hierarchy of war. This sense of being lost, and not belonging to ones self, is supported when Ha rrison does not give the novel a satisfactory and definitive resolution. Although the protagonist was sent home because of his leg injury, the reader knows that the conflict stays with him even after his separation from the war. The war bears eternal inner conflicts that an individual who had seen and borne the war will wrestle with throughout most of his life. This final portrayal of the damaging effects of war is, in truth, the turning point in Harrisons protagonist; making the young soldier a round character. Harrison depicts most of the characters as people who do not feel a glorified and heroic attachment to war. They are all practical and intent on staying alive during the course of the war. These characters are regular people who see the war as a terrifying nuisance and a needless disruption to their normal lives. The protagonist represents the qualities and features of all the other characters in the story, but shows signs of a struggling sense of self as well. Harrison tries to capture the realistic emotions and concerns of regular soldiers in his characterization of the male young protagonist. In the novel, the lead character holds no romantic notions about the war. He did not join the war out of patriotism or the need to feel heroic. He went there because he had to and was left with no choice. The first chapter of the novel sees the protagonist and all the other soldiers leaving Montreal with a heavy heart. They were well aware that their participation offered two possibilities: l ife or death. What makes Harrisons characters realistic is that the soldiers in the story are made to see the war for what it truly is. Their reactions to the war are honest because they have been exposed to the horrors of flying shrapnel and dead boys. What they see; hear; and feel, they reflect in the novel without pretense or pride. The horrific actions required for survival have humbled the soldiers, much like the thoughts of the protagonist after witnessing Brownies death. The soldiers felt no hate towards their enemies, but wished only to survive; they looked without resentment towards the woods. [They were] animated only by a biting hunger for safety. Safetyà ¢Ã¢â€š ¬Ã‚ ¦ (47) and the protagonist was not ashamed to admit that their immediate reaction was not pity, but the pressing need to survive and live. These harsh living conditions, allow the soldiers to view the war from an entirely new perspective. The characters, particularly the protagonist, develop acute perceptions of the truth due to intense experiences. This is generally caused by self-reflection after some sort of struggle, similar to the internal conflict that the nameless soldier experienced after killing the young German soldier with his bayonette. Due to this and other conflicts, the protagonist eventually came to the realization that the true enemies in the war were not the soldiers from the opposing camp, but the struggles and hardships they continued to face. More specifically, the lead character believes that the their enemies are- the lice, some of our officers, and death (36). The protagonist also concluded, along with his fellow soldiers, that while they are busy fighting the war; others are making a profit out the necessities and demands of war. Each soldier wish[es] the war was over, but believe me, theres plenty that dont (143). These perceptions reflect the characters understanding of wars true nature. From their perspective, the war is entirely cruel and without benefits. More specifically, to the soldier this business of military glory and arms means carrying parties, wiring fatigues, wet clothes, and cowering in a trench under shellfire (140). The characters in the novel are skilled in bringing down the narrative of war from its high and mighty perch, and pulling it onto the ground to reduce it to facts. Harrison simply reflects the ideals of his characters by his use of language. The novel is saturated with a language that is terse and to the point. Harrison does this on purpose in an endeavor to support and expound on the novels theme and intent. Conversations between comrades are never lengthy or pompous. While many would surmise that talks during war would tend to veer towards the philosophical, in truth, soldiers exchange few in depth conversations. Due of the tension-filled surroundings and the dire context they find themselves in, the soldiers often find the need to seek relief. Their conversations reflect this as they often daydream of food and clean sheets. In fact philosophy is almost never discussed between soldiers, and religion was only sought after in moments where one found himself close to death. During these moments the language used becomes more abrupt and jolting, adding to a sense of terror. The abrupt contains the apprehension, worries, and pain of the soldiers. Aware of this, Harrison employs disjointed, and almost monosyllabic, articulations and exchanges to create the sense of tension. The frugal use of language can give off a sense of dread, allowing readers to immerse or take part in the experience of the characters. When being bombarded in trenches, the world around them didnt burst into extravagant, superfluous trains on thought and emotion; the world erupted into chaos and fragments of clear thought. The sky is lit by hundreds of fancy fireworks like a night carnival. The air shrieks and catcalls. Still they come. I am terrified. I hug the earth, digging my fingers into every crevice, every hole. A blinding flash and an exploding howl a few feet in front of the trench. My bowels liquefy. (25). This effect causes a more direct focus on the basic emotions and instinct in a moment of severe stress. This lack of thought process gives the protagonist animal-like qualities and emphasizes the sense of immediacy and confusion for the reader: this highlights their connection to the protagonist and creates an emotional reaction in the reader that is closer to what one may experience in war.. However, short sentences are not the only way in which Harrison creates this effect. To depict the war in realistic and personal terms, Harrison adopts the first person point of view, using the pronouns I and We throughout the novel. The first person perspective makes the realities of war more pronounced and believable. The way in which he switches from the use of I and we can give the reader a more powerful reaction to the events in the book. During stressful times, as depicted in the excerpt above, the protagonist refers to himself as I to emphasize his survival instinct, and the action in the scene. In other words, the realism that Harrison aims at is conveyed effectively because the protagonist tells his story of war from his own vantage point. The events, feelings, and ideas contained in the novel take their basis on the narrator having participated in the war himself. . However, during periods of rest or contemplation, the protagonist uses the pronoun we to refer to himself and his comrades. The use of we enables the reader to realize that the war extends beyond the protagonist. In addition to this, the pronoun we promotes the reader to feel the unifying effects of war, ultimately creating a more realistic account of the war. It is not enough that Harrison employs a first person point of view; he chooses to depict the war from the perspective of the soldier. This is an imperative narrative strategy because it creates more trust between the reader and the protagonist, encouraging a sense of reliability. In his novel, Generals Die in Bed, Charles Harrison challenges all the glorifying and romantic notions people may have about war. Although his protagonist is not a hero, he is a realistic representation of the survivor. The war in which the soldiers see themselves holds no splendor, but it kills, traumatizes, and scars. This is the war that Harrison came to witness as a former soldier, and this is the image in which he hopes to leave his readers. Armed with this vivid experience, he makes no attempt to discolor the truths about war. In not aspects of his novel does Harrison shy from his realistic perception of war. In fact, the strategic method in which Harrison constructed his novel helps to convey his message to his readers: war holds no glory, it holds not meaning, and yet it is pursued.

Developing a Therapeutic Counseling Relationship Essay -- Counseling

Introduction Understanding the counseling session from the client’s perspective is a very important aspect in the development of a therapeutic relationship. A clinician must be an excellent listener, while being to pay attention to the client’s body language, affect and tone. The dynamics in the counseling session that is beneficial to the client include the recognition of the pain that the client is feeling. The detrimental part of this includes a misunderstanding of the real issues, a lack of consideration of the cultural aspects of the client, and a lack of clinical experience or listening skills. In this presentation, we will discuss the positive and negative aspects of the counseling session from the client’s perspective which includes the client’s attitudes, feelings, and emotions of the counseling session. We will next examine the propensity of the client to reveal or not reveal information to the counselor, and how transference, and counter-transference can h ave an effect on the counselor-client relationship. Positive Aspects For clients who express their experiences for the first time in counseling, it can be a powerful force to help them heal. It is important for the counselor to pay close attention to the person’s body language, affect and tone. The counselor must consider the possible scenarios that may occur in the first session. Cultural aspects of the client must be considered. From the client’s perspective, the first session is an important session, even if the first session is mostly an information gathering session. The client may have experiences much trauma in their life, never being able to trust a person with their closest feelings. This is why it is very important to establish rapport and trust in... ...confidential information is shared without their permission, this situation can be detrimental to the client. The client may stop treatment or be passive-aggressive towards the therapist by being late of cancelling appointments with the clinician. References State University (2011). Retrieved from Lecture Notes Online Web site: http://angel04.gcu.edu/section/default.asp?id=551591 Sherwood, T. (2001, September). Client experience in psychotherapy: What heals and what harms? Indo-Pacific Journal of Phenomenology, 1(2), 1-16. Retrieved August 27, 2009, from http://www.ipjp.org/index.php?option=com_jdownloads&Itemid=25&task=view. download&cid=111 Transference and Countertransference, (2011). Kathi’s Mental Health Review. Retrieved May 7, 2011 from http://www.toddlertime.com/mh/terms/countertransference-transference-3.htm#Countertransference

Ethical considerations Essay

Deception; the participants were not aware that they were taking part in a psychological study about memory until after the study had taken place in order to reduce the risk of bias in the experiment. Afterwards they were informed and were given the opportunity to withdraw their responses without prejudice. They were told that no names would be recorded and that confidentiality was assured of their result. Another risk would be if people then realised the experiment tested memory they could think it was to do with intelligence and worry that they would be judged as stupid’ if they did not remember many words. This could cause psychological distress to that person and might confirm personal fears of insecurity causing further damage. This could be controlled by warning the participant what the study was going to be about before they did it so if they felt embarrassed or worried about their result they could make a more informed decision not to take part. Results This table shows how many words were recalled by each participant. It shows that the mean average number of words recalled in Condition A was 15.08; 1.59 less than condition B at 16.67. It also allows us to see that 2/3 of the participants recalled more words with classical music playing than they did in silence.  Summary table to show the number of words recalled by each participant in condition A and. Condition B This bar chart shows condition A results in red and condition B in green. From this we can see that both the highest and lowest numbers of words recalled were in condition B. This bar chart clearly demonstrates the difference between condition A and B to vary greatly throughout the experiment.  This pie chart shows the difference between the average scores to be quite insignificant as there is only a 5 % difference which means that although most of the numbers of words recalled did increase from condition a to condition b there was not a big difference when taking into account what their scores actually were and working out the average. I also deduced the range to be 12 for condition A, the lowest/ highest values being 8 and 20, and 17 for condition B, the lowest/ highest values being 7 and 24. The median, however, for both was the same at 16.5. This means there was a wider spread list of values for condition B therefore more variation in how many words people remembered than in condition A.  However the descriptive statistics used above only describe what has been found. In order to suggest the probability of achieving the scores that we did, an inferential sign test was used. A sign test was used as the experimental design was a repeated measures design and the data collected was nominal. When we applied our raw data to the sign test analysis a sign value of 4 was achieved. As this exceeds the critical value of 2, for 12 participants, we can suggest that the raw data achieved is more than 5% due to chance factors and less than 95% due to the manipulation of the independent variable which means our original hypothesis is only partially supported. Discussion From the results obtained in this experiment, we can suggest that our one tailed experimental hypothesis of ‘playing classical music during a memory test will increase the number of words remembered’, is only partially supported, in that only 2/3 (66.67%) of participants recall improved when tested with classical music. This was not found to achieve a significant level of probability < 0.05, which means that recall was not 95% or more due to the manipulation of the independent variable i.e. whether or not classical music was playing in the background. Therefore on this occasion we must accept our null hypothesis of ‘there will be no significant relationship between whether or not music is played in the background and how many words the participants remember’ as there was not a high enough probability to suggest that the variation in number of words recalled was a direct effect of the manipulation of the independent variable. In our experiment we found that classical music did improve performance of memory as 2/3 of the participants recall improved. This disagrees with the findings of Cohen whose study suggested that participants who were exposed to background noise were cognitively impaired. Our experiment was similar to Cohen’s in that it tested the effect of environmental stimulants on recall ability. Cohen, however, tested the participants under exposure to aircraft noise which is much louder and more distracting than a relaxing piece of music such as Mozart. Our findings, therefore, may be more appropriately compared to the findings of Dr. George Lozanov. Lozanov designed a way to teach foreign languages to children in a fraction of the learning time. He did this by teaching whilst using certain 60 beats per minute Baroque music and found that his students had a retention rate of 92% and an accuracy of 85- 100% after only thirty days. The findings of which reflect our own in that he used classical music, with the typical 60 beat per minute pattern, to improve performance of memory in the recollection of vocabulary in foreign languages. However, the percentage of improvement in his experiment was 92%, whereas ours was only 66.67% and therefore shows that his experiment was more accurate than our own However, as our participants were young adults and not children, as in the above, direct and reliable comparisons may not be fully appropriate. This could be due to wider social influences upon adults in relation to children for example a young adult would understand the instructions better and therefore might feel under more pressure to perform than a child. This could have adverse effects and make their performance worse or make them try harder than a child would. Due to this ignorance on the child’s behalf, an experiment involving children is often more natural. Also, differences in procedure and experimental design may have led to the difference in findings. For example Lozanov choose to teach foreign languages to children and it has been proven that children have a higher capacity than adults for learning language, as they are not as set in speaking their own language as an adult is. The differences found may have related to this factor and so had an effect upon the data that we achieved. If my experiment had been carried out on children instead I think I would have gotten more positive results due to the above reasons. Other limitations include our choice of method; an experiment is not a natural setting as participants would feel pressurised by the fact that their results were being analysed and might have not been able to concentrate on recalling the words. An improvement could have been a test administered by a normal teacher in a classroom environment, where students would be more used to getting a test and might be more relaxed. This would be unethical, however as it is deceptive. The repeated measures design used meant that the list of words in the second experiment had to be changed because the same participants had seen it in the first experiment and therefore might recall more words after looking at it for a second time. This would have meant the results were inaccurate therefore another list of words was devised. This could however have caused even more problems because, although care was taken not to use more confusing or longer words from one list to another, the experiment was not standardised and therefore direct comparisons could not be made. A matched pairs design would have allowed comparisons to be made between the lists, but not as accurately between the participants, as every participant will be different. The opportunity based sample that I used meant that there weren’t an equal number of males and females, therefore it wasn’t representative. A better sampling technique would be to use stratified sampling, in which equal numbers of the same sex can be selected. If the target population was larger, the sample would have been more representative but we needed to use similarly aged participants, as there would have been difference in recall ability between, for example, a four and an eighteen year old. Using people from our own class could have interfered with the result because the participants knew who they were doing the experiment for and could be biased to the experimenter. Also, I think that using younger participants would have given a more natural element to the experiment, as they would not ask too many questions, worry about the results or interfere as much with the experiment by not trying their best. The participants did not seem to be confused by the standardised instructions but they might not have been clear on why they were doing the experiment, which could have had an effect on their performance. The participants were also talked through the experiment as we carried it out and everything was plainly stated to them. A better way of presentation of the words however, might have been to present them on an over head projector, so that timing could be controlled better; in our experiment, participants were in control of turning over the sheet of paper with the list on and therefore could have turned it over before the test started. The paper was only one sheet thick as well so participants might have been able to see the words even when the sheet was face down. To expand the experiment further, there are many different variables and different aspects of memory which I could test. The serial position effect, mentioned in my introduction, would be an interesting aspect of memory to test as I noticed in the lists of words there were a significant number of words from the start and the end of the actual list, included in the words the participants remembered. We could test this by setting a quota at, say, the first five and last five words and seeing what percentage of the recalled words were within one of these quotas. We could have used a recording of background noise to repeat Cohen’s experiment or used music with words to test the participants. A really interesting experiment would be to use children against adults in a memory test with the classical music, as I believe children would give a more positive result in relation to my hypothesis. I don’t believe that there would be a significant difference between males and females, if any, but it would be worth considering. We could have tested different amounts of words see if there is a difference in capacity of recall between a list of one hundred words and thirty words; would the participants be put off by the amount of words and not remember as many for the long list as the short? There are clearly many different experiments relating to memory that could be tested.

2008 Presidential Campaigns and the Internet Essay

In fairly recent times the Internet has gained vast importance for the dissemination of information to the public.   The numbers of users on the Internet have grown exponentially throughout the years.   Presidential candidates have always recognized this fact and have procured websites to establish their viewpoints and positions on issues as well as ask for donations.   An evaluation of the John McCain, Hillary Clinton, and Barack Obama website will demonstrate how the candidates react to their beliefs in how the public consumes information.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   John McCain’s website is the first to be investigated.   His website is mainly around to cater to his core voters of the Republican Party, but no doubt he is also attempting to appeal to all American citizens.   The first thing a person will notice from McCain’s website is that once you initially travel to his webpage it will first go to an introduction page asking viewers to join his email group as well as a button to donate money to his campaign.   The website does not start out with positions on issues or contain endorsements etc.   It appears McCain’s ultimate goal at the start is to solicit money to further his campaign.   This introduction page shows an image of John McCain in black and white with a black background, and does not contain any images or colors of the United States. (http://www.johnmccain.com/landing/?sid=gorganic) This aspect of the website is peculiar because it introduces a solicitation right from the start.   It could make some readers of the site not want to endorse McCain, especially readers that have ventured to his site in order to learn more about his positions.   At the bottom of the donation page there is a small link that asks whether or not the reader wants to go to the actual John McCain website.   Once a reader of the site clicks on this link then the real presidential website begins to form.   McCain’s main site has three items of note.   First, there is a video link that summarizes McCain’s torture and imprisonment in a POW camp, and the video is called â€Å"Courageous Service.† (http://www.johnmccain.com/)   Three other links to the website are on this part of the page called â€Å"About John McCain,† â€Å"Why John McCain,† and â€Å"On the Issues.† (http://www.johnmccain.com/) These sections are a good addition to the website because it allows an investigation into the person, why he should be president, and his stand on the issues.   The reader does not have to search through the site to find a particular campaign issue or information about McCain.   It is all separated and easy to identify.   A section of rotating pictures is on this portion of the site as well that gives insight into campaign activities.   An important aspect of the website is that McCain included a petition for the housing crisis. The petition is little more than a show of support for McCain in dealing with the housing crisis instead of what a reader would think as a real petition to enact some type of legislation. (http://www.johnmccain.com/involving/petition.aspx?guid=cf43f8ff-0854-4735-8346-9e4d07582474)   McCain’s presidential campaign website shows his trials and tribulations as well as his strong points throughout.   It establishes what many would see as a strong man that sticks by his beliefs on issues and does not waiver in the face of dissension.   Altogether the website effectively establishes what McCain undoubtedly attempted to present to the public.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Hillary Clinton’s website is similar to McCain’s in that it initially starts off with a donation page that appears to be separate from her main page. (https://contribute.hillaryclinton.com/donate-b.html?sc=a724)   However, Clinton’s donation page is different from McCain’s because it plays a video of her support and numerous members of a crowd cheering her name.   Unlike McCain, Clinton’s donation page and the rest of her main site is not dark, but is a light shade of blue. (http://www.hillaryclinton.com/splash/)   Once a reader clicks to her main site, they are met with another page that is asking the person to join her campaign as a member.   This appears to be the entire composition of her website, which is a little disappointing.   A prospective voter cannot visit her site and learn about her message or positions on issues. A viewer may overlook yet another link that will send the reader to the main site. (http://www.hillaryclinton.com/splash/)   On the main site it seems as though Clinton is concerned about winning the Texas delegation. (http://www.hillaryclinton.com/?splash=1) A logo pleads with the reader to help her win the state.   A spotlight section on the main site lists events such as winning a chance to meet Clinton and Elton John, veterans’ affairs, and an opinion from Congresswoman Tammy Baldwin.   A little section titled â€Å"The Hillary I know† will show some of her positions on issues, but the logo for the link is very small and is not a major part of the page.   This is in stark contrast to the organized sections of the McCain site.   Clinton’s site is more appealing to the eye, but it lacks the substance that McCain’s website contains.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Barack Obama’s presidential website has the same introduction page as the other two, but this time Obama speaks directly to the visitor instead of showing some campaign activities.   In order to navigate Obama’s site, a user is required to register, however a reader can circumvent the registration process by merely typing in his main site and then visiting the sections on issues, learning about the candidate, etc. (http://my.barackobama.com/page/user/login?successurl=L3BhZ2UvZGFzaGJvYXJkL3ByaXZhdGU) This is a horrible concept for a website because it immediately will turn visitors away by making them think they need to register in order to learn more about the candidate.   Obama’s website is also in a light shade of blue similar to Clinton’s and offers many instances for a visitor to view videos and photos like the other campaign sites.   However, it appears that Obama’s website has the least amount of information available to a prospective voter, and thus is probably the worst website out of the three discussed. References Clinton, Hillary. (2008). HillaryClinton.com – Welcome. Retrieved March 25, 2008, from   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   HillaryClinton.com Website: http://www.hillaryclinton.com McCain, John. (2008). John McCain 2008 – John McCain for President. Retrieved   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   March 25, 2008, from JohnMcCain.com Website: http://www.johnmccain.com Obama, Barack. (2008). Barack Obama : : Change we can believe in. Retrieved March   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   25, 2008, from BarackObama.com Website: http://www.barackobama.com

Free Essays on Madrid, Spain

Culture There are exhibitions, concerts, plays, films, conferences, and musical performances of almost anything in Madrid. The most fascinating among them are the International Theatre Festival, the International Film Festival, the International Opera Festival, the festival called â€Å"The Summers of the City†, and the Autumn Festival together with the seasons performances at the theater La Zarzuela and the Jazz, Pop and Rock Festivals not forgetting the Fair for Contemporary Art called â€Å"Arco†. Attractions Madrid has a large number of museums, where the great masters of Spanish and universal paintings are found. There are also museums for sculpture, archaeology, science, and much much more. Such as the Museum of the Romantic Period, Natural Science Museum, City Museum, or the Royal Arsenal. Special Events There are many special events in Spain one of which is the book fair, which brings together the most important national publishers. Other festival occasions that are important to Spain and Spain’s surrounding that are officially considered of interest to tourists are: Corpus Christi in Toledo and the celebrations at Atienza (Guadalajara), Camunas (Toledo), Mora (Toledo), Zamarramala (Segovia), Hita (Guadalajara), Candeleda (Avila). Finally, there is the festival excursion to the shrine of the Virgin of Hontanares, an excursion called â€Å"Romeria† in Spanish, Which takes place at Riaza, and the â€Å"Romeria† of El Cristo del Caloco. Just to name some. Holiday In the second half of May, Madrid celebrates in honor of San Isidro. The celebration is accompanied by typical Madrid folklore, including Fairs and Dances that are organized on the meadow of San Isidro, where the people of Madrid sing, dance and enjoy themselves next to the Hermitage of their Patrol Saint. At the same time, there are ballet and opera performances as well as the traditional bull fights at the bullring of Las Ventas. There are many holidays, ... Free Essays on Madrid, Spain Free Essays on Madrid, Spain Culture There are exhibitions, concerts, plays, films, conferences, and musical performances of almost anything in Madrid. The most fascinating among them are the International Theatre Festival, the International Film Festival, the International Opera Festival, the festival called â€Å"The Summers of the City†, and the Autumn Festival together with the seasons performances at the theater La Zarzuela and the Jazz, Pop and Rock Festivals not forgetting the Fair for Contemporary Art called â€Å"Arco†. Attractions Madrid has a large number of museums, where the great masters of Spanish and universal paintings are found. There are also museums for sculpture, archaeology, science, and much much more. Such as the Museum of the Romantic Period, Natural Science Museum, City Museum, or the Royal Arsenal. Special Events There are many special events in Spain one of which is the book fair, which brings together the most important national publishers. Other festival occasions that are important to Spain and Spain’s surrounding that are officially considered of interest to tourists are: Corpus Christi in Toledo and the celebrations at Atienza (Guadalajara), Camunas (Toledo), Mora (Toledo), Zamarramala (Segovia), Hita (Guadalajara), Candeleda (Avila). Finally, there is the festival excursion to the shrine of the Virgin of Hontanares, an excursion called â€Å"Romeria† in Spanish, Which takes place at Riaza, and the â€Å"Romeria† of El Cristo del Caloco. Just to name some. Holiday In the second half of May, Madrid celebrates in honor of San Isidro. The celebration is accompanied by typical Madrid folklore, including Fairs and Dances that are organized on the meadow of San Isidro, where the people of Madrid sing, dance and enjoy themselves next to the Hermitage of their Patrol Saint. At the same time, there are ballet and opera performances as well as the traditional bull fights at the bullring of Las Ventas. There are many holidays, ...

History of Hull House and Some of Its Famous Residents

History of Hull House and Some of Its Famous Residents Hull House was founded in 1889 and the association ceased operations in 2012. The museum honoring Hull House is still in operation, preserving history and heritage of Hull House and its related Association. Also called: Hull-House Hull House was a settlement house founded by  Jane Addams  and  Ellen Gates Starr  in 1889 in Chicago, Illinois. It was one of the first settlement houses in the United States. The building, originally a home owned by a family named Hull, was being used as a warehouse when Jane Addams and Ellen Starr acquired it. The building is a Chicago landmark as of 1974. Buildings At its height, Hull House was actually a collection of buildings; only two survive today, with the rest being displaced to build the University of Illinois at Chicago campus. It is today the Jane Addams Hull-House Museum, part of the College of Architecture and the Arts of that university. When the buildings and land were sold to the university, the Hull House Association dispersed into multiple locations around Chicago. The Hull House Association closed in 2012 due to financial difficulties with a changing economy and federal program requirements; the museum, unconnected to the Association, remains in operation. The Settlement House Project The settlement house was modeled on that of Toynbee Hall in London, where the residents were men; Addams intended it to be a community of women residents, though some men were also residents over the years. The residents were often well-educated women (or men) who would, in their work at the settlement house, advance opportunities for the working class people of the neighborhood. The neighborhood around Hull House was ethnically diverse; a study by the residents of the demographics helped lay the groundwork for scientific sociology. Classes often resonated with the cultural background of the neighbors; John Dewey (the educational philosopher) taught a class on Greek philosophy there to Greek immigrant men, with the aim of what we might call today building self-esteem. Hull House brought theatrical works to the neighborhood, in a theater on the site. Hull House also established a kindergarten for children of working mothers, the first public playground, and first public gymnasium, and worked on many issues of social reform, including juvenile courts, immigrant issues, womens rights, public health and safety, and child labor reform. Hull House Residents Some women who were notable residents of Hull House: Jane Addams: founder and main resident of Hull House from its founding to her death.Ellen Gates Starr: partner in founding Hull House, she was less active as time went on and moved to a convent to care for her after she was paralyzed in 1929.Sophonisba Breckinridge: considered one of the main founders of social work, she was a university professor and administrator at the University of Chicago School of Social Service Administration.Alice Hamilton, a physician who taught at the Women’s Medical School of Northwestern University while living at Hull House. She became an expert on industrial medicine and health.Florence Kelley: head of the National Consumers’ League for 34 years, she worked for protective labor legislation for women and for laws against child labor.Julia Lathrop: an advocate for various social reforms, she headed the U.S. Children’s Bureau from 1912 – 1921.Mary Kenney OSullivan, a labor organizer, built connections between Hull House and the labor movement.  She helped found the Womens Trade Union League. Mary McDowell: she helped found the  Womens Trade Union League  (WTUL), and helped establish a settlement house near Chicago’s stockyards.Frances Perkins: a reformer working on labor issues, she was appointed in 1932 as Secretary of Labor by President Roosevelt, the first woman in a US cabinet position.Edith Abbott: a pioneer in social work and social service administration, she taught and was dean at the University of Chicago’s School of Social Service Administration.Grace Abbott: younger sister of Edith Abbott, she worked with the Immigrants’ Protective League in Chicago, and served in Washington with the Children’s Bureau, first as head of the Industrial Department enforcing child labor laws and contracts, and then as director (1917 – 1919 and 1921 – 1934).Ethel Percy Andrus: a long-time educator and principal in Los Angeles, where she was known for progressive education ideas, after retirement she founded the National Retired Teachers Association and the American Association of Retired Persons. Neva Boyd: she educated nursery and kindergarten teachers, believing in the importance of play and children’s natural curiosity as the basis of learning.Carmelita Chase Hinton: an educator known especially for her work at Putney School; she organized for peace in the 1950s and 1960s. Others Connected With Hull House Lucy Flower: a supporter of Hull House and connected to many of the women residents, she worked for childrens rights, including the establishment of a juvenile court system, and  founded the first nursing school west of Pennsylvania, the Illinois Training School for Nurses.Ida B. Wells-Barnett worked with Jane Addams and others of Hull House, particularly on racial problems in the Chicago public schools. A Few of the Men Who Were Residents of Hull House for at Least Some Time Robert Morss Lovett: a reformer and English professor at the University of ChicagoWillard Motley: an African American novelistGerard Swope: an engineer who was a top manager at General Electric, and who during the New Deal’s recovery from the Depression was pro-federal programs and pro-unionization. Official Website Hull House Museum

Without a Paddle Amazon and Hachette and Us

Without a Paddle Amazon and Hachette and Us Without a Paddle: Amazon and Hachette and Us Hi. At Reedsy we live, sleep, and all but photosynthesise self-publishing news and discussion. Even if you were living under a rock, a massive rock, like a boulder, you wouldn’t have been able to avoid the suddenly very loudly proclaimed views of authors both traditionally published and self-published over the whole Amazon-Hachette blood war that’s been happening for over a month now. So we had to say something. In fact, we said two things. Below you can find Dave’s take, and you can find Ricardo’s perspective over here.–Well, that was a hell of a week.The Amazon/Hachette cold war is now into its second month. Hachette’s books continue to suffer difficulties on Amazon’s store, including availability issues and price increases.On Wednesday Douglas Preston released an open letter to readers. Previously it had been quietly circulating amongst authors, collecting signatures including Robert A. Caro and Stephen King. Preston et al asked Amazon to â€Å"resolve its dispute with Hachette without hurting authors and without blocking or otherwise delaying the sale of books to its customers.†Self-published author Hugh Howey responded almost immediately on change.org petitioning Hachette to â€Å"stop fighting low prices and fair wages It’s almost absurdly comic, by the way, that this whole conversation has continued without a real, firm context of what exactly Amazon are asking for. The issue driving this could be anything from Amazon demanding discounts and charging for pre-order buttons to Jeff Bezos personally demanding Hachette deliver a plump firstborn male infant every Summer Solstice in unholy tribute. If I were a betting man†¦

Week 1 Assignment Example | Topics and Well Written Essays - 750 words

Week 1 - Assignment Example The various financial markets and how these have changed over the years since 2007/2008 are thus discussed. An assessment of how the changes have taken place is also presented. The financial market has been noted to be a place where the trading of financial securities and commodities take place among people and entities at prices that reflect demand and supply (Naude and Rossouw, 2010). This means that there are two clear components of the financial market, which are commodities and securities. In my country, both commodities and securities are emphasised, which means that the country operates a market economy. With the general financial market within my country, there are two broad forms of markets, which are the capital market and money market. As noted by Bodie, Kane and Marcus (2011), the capital market is used for long term financial investment whiles the money market is used for short term financial investment. All in all, there are six main financial markets, even though there are other minor financial markets, which are not considered in mainstream discussion. The six main financial markets are stock markets, bond markets, commodity markets, money markets, insurance market, and foreign exchange market. Some of the shadow financial markets are derivatives market and future markets. Since the end of the recession in 2008, the major changes that have taken place in the financial market in my country have largely taken the form of the type of financial market that is patronised by the majority of people. On the whole, the changes can be seen among three players within the financial market, which are government, industry and individuals. On the part of government, there has been a change that looks towards to patronage of more long term finance such as bond and stock. Government has since 2008 increased its capital market investment in the areas of bond and stock so as to ensure that it is protected against future meltdowns

Alcoholism is a Disease Research Proposal Example | Topics and Well Written Essays - 2250 words

Alcoholism is a Disease - Research Proposal Example This paper will attempt to provide a comprehensive alternative account of the hesitance of the alcoholism therapeutic circles to abandon the disease framework through applying Kuhn’s (1996) approach of scientific development in an historical investigation of the disease framework. To substantiate this standpoint, evidence of the surfacing of the disease framework as a model, assumptions about the causes of alcoholism, the elaborate definition of alcoholism by Jellinek in his book entitled ‘The Disease Concept of Alcoholism, and lastly the surfacing of inconsistency followed by difficulty in the alcoholism study and treatment community are included. The disease framework of alcoholism can be traced back more than two centuries ago, and is regarded by many to be the prevailing framework governing scientific investigation and therapeutic models for the greater part of the 20th century. Nevertheless, in the sixties, the disease framework came under assault because of the surfacing of inconsistent scientific and therapeutic findings. Aside from the United States, the disease framework is regarded by countless to have been questioned, and has traditionally been left out in support of alternative frameworks, such as social-learning assumption. However, in the United States, the disease framework and its main treatment objective of self-discipline persist to tremendously prevail over the treatment of alcoholism. Between other accounts, the financial and political interests of the treatment of alcoholism society in the U.S. have been presented to elaborate the reason why U.S. persists to be left out by other nations in moving further t he disease framework. Nevertheless, an alternative justification for the unwillingness of the alcoholism treatment society to give up the disease framework is exposed by applying Kuhn’s approach of scientific development in an historical investigation of the

Commercialization Plan Essay Example | Topics and Well Written Essays - 1250 words

Commercialization Plan - Essay Example The Sweet Cat center provides safe and secure daycare for children aged up to 7 years. Market research helps in gathering valuable information from the customers (Klopper, 2000). The Sweet Cat center will carry out market research to gauge the level of customer satisfaction. Improvements and modifications in its services will be carried out accordingly. The center also plans to gather information on the unmet needs of the customers and devise appropriate strategies to satisfy those needs. The Sweet Cat centre will strive to provide top-notch day care services. Since the company operates in the services sector, it will pay due attention to all the 7 Ps of services; product, place, price, promotion, physical evidence, processes and people (Khan, 2014). Sweet Cat will provide close personal attention to each child. The centre will provide a combination of educational and recreational services to ensure holistic development of the children. Sweet Cat has a vast repertoire of toys and games for children. The company will continue to add on to its existing collection of toys and books. At the same time, we will dispose of old worn out and out-dated material. The walls of the Sweet Cat center will have pictures of various cartoon characters. This will ensure that the overall ambience of the centre remains lively and vibrant where children can relax and enjoy. The appropriate physical evidence is bound to attract the target market (Buttle, 1994). Our center recognizes the fact that infants require special care. Therefore we will have a dedicated team of employees to cater to this segment. The center will offer some water-based activities to add to the fun quotient. It will also have kitchen facility to prepare food for the children. We, at Sweet Cat center are committed to providing top notch services to our clients. It will be mandatory for all employees of the center to undergo periodic training programs. This training will be arranged by the

Health Article Article Example | Topics and Well Written Essays - 500 words

Health - Article Example It is also important to know that sexual health is affected by socio-economic and political factors. The physical factors include chronic illnesses and even medical treatment that hinders the sexual functioning of the human being. These also include sexually related diseases such as STIs/ HIV and reproductive tract infections. Infertility also contributes to sexual health problem. And this does not only serve as a physical factor but also emotional and mental. Among the mental factors, mental incapacity hinders us in achieving optimum sexual health. Retardation as a hindrance, have an effect on the sexual urges and the perceptions of a person suffering from mental retardation on sexuality. Anxiety and fear on the other hand is a by-factor of sexual coercions like rape and molestations. When anxiety is developed, a person looks at sexual relationship as a non-gratifying behaviour. When this happens, a person's sexual health is at risk. Social factors on the other hand go beyond medical concerns. These include sexual awareness leading to unwanted pregnancies, which can also have disturbing effects on the health of the women. It may also be linked with sexual coercion. Limited knowledge on safe sex also hinders general sexual health.

Discussion on Price and Purchase Indexes Dissertation

Discussion on Price and Purchase Indexes - Dissertation Example There is a continuous inflation as years increase from the base of 1999, the strongest inflations being found in petroleum at 44%, vegetables at 25%, housing at 11% and meat products at 10%. Alcohol and tobacco prices have also increased by about 20% since 1999. This shows that prices on necessities such as food and housing have a dramatic increase over previous years. The average increases per year in comparison to 1999 are: There was an increase in vegetable sales in 2001, but as prices skyrocketed by 2002, sales fell away-being the only one to decrease in 2002. There are several inferences that can be made from this statement, the first being that people are not buying vegetables because of the cost, and the second being that since all other purchase categories increased, we can assume that family size also increased-this leaves a hole in healthy eating habits of our residents. Meat purchases increased by 32%, tobacco and petroleum by 60%. Probably the most disturbing inference to be made from this table and one that points to a serious problem for the quality of life in Chignor is that alcohol purchases have increased by 100%. Average purchasing increases show that since 1999, purchases increased dramatically in 2002. If we remove alcohol and tobacco as being unnecessary to a healthy lifestyle, the increase in 2002 is 23.25% compared to 1999, which is far more dramatic than previous years. This shows that meat and petroleum purchases have increased, which leads to the possibility that there are more people in the Chignor area, and raises a consideration that vegetable sales have actually decreased from 2001-2002, very possibly because TECCO employees can simply not afford to buy vegetables. Year Increase % 2000 1.75 2001 9.9 2002 42.08 Income Index Last, we need to examine the incomes of residents. In 2000-2001, there is a 6 percent increase in TECCO employees incomes from 1999, but there was not an increase from 2000 to 2001 (no pay raises). Furthermore,

Interest Rate Options Essay Example | Topics and Well Written Essays - 1000 words

Interest Rate Options - Essay Example As the paper delcares a common example of this bond is, the Treasury Bond Futures Option. Others are Treasury Notes Futures Options and Eurodollar Futures Options. The Treasury Bond Future Options is priced at 1/64th of 1% of the Treasury Bond face value; the Eurodollar Futures Bond is calculated at 0.01 basis point value being equivalent to $25. It is to be noted here that the interest rate futures prices are indirectly proportional to the bond price increases or decrease. This report discusses that Black’s model is a mutation from the Black Scholes Model, which uses the rate of interest as the base for pricing the options. The most important factor is that it functions on the assumptions that â€Å"a key market variable will be lognormally distributed at a future time†. When Black's model is used to value the price of European interest rate options, the worth of future price of V for a contract maturing at time T, is usually set equal to the forward price of V rather than its futures price. This is more theoretical than practical since in this case you will have to assume that the rates of interest also remain constant while discounting over the same period of future, which is definitely not the case. This is an option which has pre-determined selling price and time. This value is determined based on the Black’s Model assumptions, that the price is lognormal at the pre-fixed time in the future. The value of the bond option can be worked out with the following equations using the Black’s model which sets Fo equal to the forward bond price.

Discussion on Price and Purchase Indexes Dissertation

Discussion on Price and Purchase Indexes - Dissertation Example There is a continuous inflation as years increase from the base of 1999, the strongest inflations being found in petroleum at 44%, vegetables at 25%, housing at 11% and meat products at 10%. Alcohol and tobacco prices have also increased by about 20% since 1999. This shows that prices on necessities such as food and housing have a dramatic increase over previous years. The average increases per year in comparison to 1999 are: There was an increase in vegetable sales in 2001, but as prices skyrocketed by 2002, sales fell away-being the only one to decrease in 2002. There are several inferences that can be made from this statement, the first being that people are not buying vegetables because of the cost, and the second being that since all other purchase categories increased, we can assume that family size also increased-this leaves a hole in healthy eating habits of our residents. Meat purchases increased by 32%, tobacco and petroleum by 60%. Probably the most disturbing inference to be made from this table and one that points to a serious problem for the quality of life in Chignor is that alcohol purchases have increased by 100%. Average purchasing increases show that since 1999, purchases increased dramatically in 2002. If we remove alcohol and tobacco as being unnecessary to a healthy lifestyle, the increase in 2002 is 23.25% compared to 1999, which is far more dramatic than previous years. This shows that meat and petroleum purchases have increased, which leads to the possibility that there are more people in the Chignor area, and raises a consideration that vegetable sales have actually decreased from 2001-2002, very possibly because TECCO employees can simply not afford to buy vegetables. Year Increase % 2000 1.75 2001 9.9 2002 42.08 Income Index Last, we need to examine the incomes of residents. In 2000-2001, there is a 6 percent increase in TECCO employees incomes from 1999, but there was not an increase from 2000 to 2001 (no pay raises). Furthermore,

The Pros and Cons of the Libel Defences of Justification and Fair Comment Essay Example for Free

The Pros and Cons of the Libel Defences of Justification and Fair Comment Essay Libel law in England is incredibly tough, so much so, that if found to be liable of a defamatory statement, ‘a statement which lowers someone in the eyes of reasonable people ’ [Quinn 2009: 210] the consequences can be very costly to both the journalist themselves and their newspapers and therefore it is very important for the defences of defamation to be used to full effect an example of this is libel tourism and the case of involving Roman Polanski 2005.The magazine had said that the event had take place before the claimant’s wife’s funeral, but it had in fact taken lace after the funeral, which Mr Polanski completely denied. As it could not be proved, the claimant won ? 50,000 in damages. There are seven different defences for the act of defamation, of which two of these, Justification and Fair comment, we will analyse the advantages and disadvantages below. For the defence of justification to apply, the defendant must prove that what they have written and published is substantially true. If this can be proved by the defendant then they will have a complete defence against the claims of defamation. The defence of justification may only be used where the defendant has published a statement of fact. One of the main disadvantages of the defence of justification is that the burden of proof relies upon the defendant, which means that they must prove what they have published to be true. Furthermore, the claimant does not have to prove that what you have written is false or that any fact found to be false was damaging to their reputation. Another disadvantage of this defence is that ‘A defendant cannot rely on the defence of justification in relation to the publication of the details of spent convictions, as efined by the Rehabilitation of Offenders Act 1974’ [1] This Act has been brought in to help with rehabilitation of offenders and prevents journalists from acting in a malicious manner when relating to cases of this nature. An advantage of the defence however is that the journalist does not have to prove that what they have published was in the public’s best interests and furthermore they do not have to prove that they acted in a malicious manner. A further disadvantage to the defendant is that any rumour they chose to publish must be backed up by evidence of the accusation made within the rumour. This means that the defendant cannot base their evidence alone on a previous rumour. However an advantage to the defendant comes by way of a case where the claimant alleges that more than one fact within a publication is untrue. In such a case, the defendant need not prove that all claims within the publication to be true and must only prove that ‘the ‘sting’ of a libel’ [Quinn 2009: 212] to be true. This suggests that only the most important allegations, which are damaging to the claimants reputation, need to be determined to be true. This can be seen in the case of Turcu News Group Newspapers, where the defendant was sued after publishing a number of defamatory statements including some which were found to be untrue. However the statement made that the claimant was a ‘petty criminal with a long list of convictions’ and that ‘he was willing to take part in criminal activities’ were true, and the defence of justification stood on the grounds that the sting of the statement remained true. A further advantage to the defendant is that ‘A claim of justification need not only be based upon facts as were known at the time of publication; if other facts come to ight during the period between a claim and the case coming to court, they can be used to back up the defence. ’ [Quinn 2009: 214]. This appeared in a case in which involved Kate Moss and Channel 5, where a documentary was claiming that Moss had taken cocaine on a photo shoot in Barcelona and fallen into a coma. Kate Moss sued channel 5, but during proceedings she was captured in pictures taking cocaine. Due to such evidence, Moss chose to drop her claim. A final disadvantage to any defendant involves the likely case where, the defendant uses the defence of justification and is unsuccessful. In such a case ‘an unsuccessful defence of justification is likely to increase the level of any damages awarded. ’ [2] In the case of Archer v News of the World (1987) the newspaper was successfully sued by archer after claims were made by the paper which they could not prove, this in turn resulted in a payout to Mr Archer of ? 500,000 damages. It was later discovered that the claims made about Archer were true and he was consequently imprisoned for perjury. This case is a clear example of a situation where the jury are start struck and are therefore biased in favour of the claimant. The defence of fair comment applies to cases where the defendant has been accused of publishing a defamatory comment or opinion. For the defence to apply, the defendant must prove that, the words complained of were a comment or opinion, not a statement of fact, the words were about a matter of public interest, any facts which the comment was based on are true, or subject to privilege and that the comment was made without malice and so was an honest belief of the defendant. The first and main advantage of Fair comment applies to a case where the defendant can prove that the statement made, was one of personal opinion and one hich they fully believe ‘to have been made honestly’ [Quinn 2009: 216]. This was shown in the case of Branson v Bower (No. 1) where the claimant tried to sue on the grounds that the comment made could be taken as statement of fact. The court of appeal disagreed, stating that it was clear that the statement published by the defendant was an opinion. Another advantage of this defence is that much like that of justification, the defendant must not prove that each of the facts in the publication to be true, as long as they can prove that those facts commented on were true. In the case of Galloway v Telegraph Group Ltd (2006) the defendants claimed that they had based opinions upon facts they believed to be true about the claimant. The defendants pleaded fair comment but this was refused by the court stating that ‘the stories were allegations of fact’ [Quinn 2009: 217]. Again, a disadvantage of this defence, much like that of justification, is that it is the defendant’s responsibility to prove that ‘the underlying facts are true. If he or she is unable to do so, then the defence will fail. ’ [3] This appeared in a case involving Gordon Ramsey, where the defendant during a review complained that some scenes within the show were staged. The defendant could not back up these claims and consequently had to pay ? 75,000 in damages. Another advantage to the defence of fair comment is that any person may be entitled to comment, when the subject in matter is of interest to the public, due to either interest or concern at a matter which could affect them or another. A disadvantage to the defence of fair comment is where the claimant can show that what has been published against them has been done so with malicious intent. In such cases the defendant will not be able to use the defence of fair comment. This was shown in the case of David Soul v Matthew Wright, where the defendant criticized the claimants acting without having been to see the show. As he had not been to see Mr Soul’s play he had no facts to base his criticism on and consequently had to pay damages. A final advantage of this defence is the definition of fair comment. It is stated that ‘even very rude and critical reviews can be covered by the defence of fair comment, so long as the facts on which they are based are true. [Quinn 2009: 220] this basically means that it must only be proved that the facts upon which the opinion is based upon must be true for the defence to be used. This was seen in the case of Tse Wai Chun Paul v Albert Chang, the courts stated that ‘even where a writer is motivated by ‘spite, animosity, intent to injure, intent to arouse controversy or other motivation’ they can be covered by fair comment’. [Quinn 2009: 219] In conclusion, I’d say that in both of the defences the claimant has the advantage. The first of these reasons is due to the burden of proof, which the defendant holds, nd in turn puts the claimant in a no lose situation. The second of these reasons is the possibility for further damage to the defendant in a case where they cannot prove their innocence. This leaves the defendant in a position where they must risk further detriment to prove their case. Also, and finally, where a defence fails, this can prevent the public from knowing information which may be within their [the public’s] best interests, which could subsequently harm the good of the public. Due to the many implications and faults of the law, it is soon to be changed.

Comparison of China and Indias FDI

Comparison of China and Indias FDI ABSTRACT Welcoming Foreign Direct Investment (FDI), means of India and China differ to some extent which gives to some important subjects of concern about the definite FDI perspectives of India. In the days to come, can India became an FDI destination equivalent to that of China. The thesis mainly focuses on these issues. It will also guide us with the necessary steps that the country needs to follow to turn into a attractive FDI destination in World. India was lagging to a large extent when compared to the FDI inflows that China has. In part, this difference shows the trust that the foreign investors have in Chinas growth and the disbelieve they had in Indias loyalty towards the free market reforms. On the other hand, Indian Diaspora was the drawback for its own success until now and interested to welcome the investors to back home. India has become a supportive backbone to private enterprise in terms of its development in infrastructure. When compared to Chinas capital markets Indias market shown a great potential and transparency In the case of India which is more dependent on its organic growth, it is using a wide range of resources which shows that there will be a more sustainable progress that Chinas FDI driven method. Can India overtake China? Is no more a childish question and if it shows up the Indias wiser progress and according to the policy experts, the wiser the step more growth is shown in the economy. CHAPTER1 Brief Analytical framework What is FDI? Foreign Direct Investment (FDI) is a networking ingredient of the progress in the globalisation of world economy. FDI reduces the total capital invested by foreign investors, directly or indirectly to companies in different economy with a desire of attaining profits to be shared from the company in which they invest. The foreign investors attains possession of assets in the invested country companies as a relative ratio to their equity holidays. FDI by definition is generally known to show a long-term commitment because it will be a share of ten percent or more in the host country firm, together with the management capabilities.[1] Role of FDI: The significance of FDI lies beyond the financial investment that invested in the country. Along with this, FDI investment can be a mechanism for developing international marketing of products in terms of knowledge, management abilities, technical aspects of design, brand names, way of marketing and characteristics etc.. FDI can produce desirable results for both local industry and customer, by providing improved show up in the product design and technological transfer, way of utilizing global management skills of human resources, setting the firm with global standards of competitiveness new channels of export markets, providing wide range of services in terms of internationally quality goods and channels and with an increase in the employment prospects.[1] Taking into consideration of all the above aspects, FDI can be mentioned as an important means of economic growth and is a driving factor of growth in developing countries. FDI investments are normally choosen as better option than the other forms of finance, as they dont create any debts, no-volatile and returns are directly proportional on the projects invested by the financers. In the present situation of rapid growth and tremendous change both in technological and managerial aspects, their need is always to be welcomed.[1, 2] Choice of location of FDI: According to Dunnings Ownership Location Internalisation (OLI) concept the worthful site productions of FDI investments to the host nations in terms of location benefits that the foreign investors made by the FDI. The concept shows that the involvement of developing nations in total investment of foreign direct inflow has been grown considering over the past 25years, taking into the consideration of the changes taken place in the past decades. For example looking for agricultural resources was high in 20th century when compared to the present. The present investments of FDI are complex to a large extent and are dependent on a wide variety of conditions base on the growing competition on the market in which the industries own and to the economic policies at the local and the host countries. [1,2] FDI has been viewed as a technique to enhance the growth in the economy by the developing nations. In terms of IMF, FDI is an investment internationally for attaining a lasting interest by a local firm in one economy in an enterprise firm in another economy. In spite the developing nations are pushing hard to get on the FDI but to a large extent FDI is gained by developing nations, for example it is one and half million dollar investment in the year 2004 China and India are the two developing powers of the developing nations, comprising of thirty seven percentage of world population. Both China and India has a large scale of natural resources, skilled labour and unskilled labour, affordable labour with good quality large local markets and the stable political use.[2] By taking all these into consideration we can say that they have a tremendous growth in the FDI to setup the local and international markets and also to become a significant entity in the economic growth globally. India and China are the two growing nations of Asia which are at present the higher priority nations for FDI investment. Both India and China have their trends of policies for getting on the foreign investment. India is the first country in Asia to setup a export technologies in 1965. India has drastically slowed down by not utilising the foreign investment because of it s self reliance and export replacement until the late 1980s till the introduction of new reforms (LPG) liberalisation, privatisation and globalisation in 1990- 1991.[3] India and China are the two nations which are best suited for the FDI investments globally. Inspite, India has introduced excellent financial and instituting reforms easier to the Chinas introduction of these, now China shows up a better FDI in contrast with India. It is clearly evident that China is ahead of India, there are some important cases that India has to learn from Chinas experience.[1,3] The financial markets governed by SBI in India are much enhanced when compared to China. India has a good service sector which requires small capital inflow than the manufacturing sector. Based on the analysis of AT Kearney, it is evident that India has a high enhance of becoming number one manufacturing location.[3] Structure of Dissertation: The thesis is discussed in a total of eight chapters. First chapter deals with the statement of the problem and comes out with the goal of this thesis. Second chapter deals with Indian and Chinese economy. 3rd chapter deals with FDI and developing countries. 4th chapter deals with Indian and Chinese FDI. 5th chapter deals with analysis of Indian and Chinese economy using SWOT and PEST analysis. 6th chapter deals with the methodology followed by observations and enhancements in the seventh chapter. 8th chapter deals with the conclusion and recommendation to be taken by nations to increase FDI inflow. Statement of problem: India secured independence two years earlier than China, but it is still behind in socio-economic development signs. Once China became a member of WTO China began to be choose as best FDI investment nation among the developing nations. In terms of Asian Development Outlook and UNCTAD(2005) point out that Indias FDI is purely less than that of China and there is a quite enough difference between the actual realisation and approvals. However, China was ahead of the India because of this implementation of open door policy in 1979 for the inflows of FDI to grow its economy to the modern standards and capitalistic ways, it being a socialistic system. Eventually, India also shown growth in its economy through LPG policies from 1991 onwards breaking out the barcodes of the license control raj. But according to RBI rightly spoken words Despite all the talks we are no where even near to begun globalise in terms of any commonly used signs of globalisation. In fact we are still one of the best globalise among the major nations, however we take a look at it. Justification of study: The thesis point out the comparative study of India and China over FDI, it is mainly discussed about the policy reforms in India to make more FDI investments, next steps to be taken by India for attracting FDI and how to overtake China in the FDI inflows. The growth of FDI is a major source making income for many developing nations like China and India. It brings several advantages like implementation of new products, skills, new markets and technology to the local country. India is preferred as the second best nation for the foreign investment after China which showed a growth of one hundred and eighty four percentage in the year 2006-2007. Inspite of better economical and managerial reforms of India over China, India is lagging behind China. The thesis demonstrates whether the current reforms in India are sufficient to overtake China. AIMS and objectives: To identify the factors that develops the growth of Indian financial system through its policy changes. To find out what initiatives made by Indian government to attract the FDI and its policy changes made by the government of India to enhance the Indian health care system. To analyse participation and involvement of FDI in India and China, also to identify what India can learn from China. To produce qualitative evaluation about past and current issues which effects both India and China by FDI? To produce the comprehensive documentation of key findings of government participation of both countries by FDI. To conduct a competitive comparison by FDI in India as well as in China CHAPTER2 A Framework of FDI Overview of Indian FDI: The Indian government behaviour towards the foreign investment has been modified to a large extent during the last decade. Foreign Investment at that time was restricted only to a certain particular industry under special norms has now been made liberal under the terms of restrictions and particular industries. This shows the changing confidence in the fundamental of the Indian economy and the drastic step of the Indian government to cope up with the global economy. Approval ways for foreign Investment in India are primarily most vigilant.[3,4] FDI is considered as a significant step in the process of growth of economy in the developing countries. FDI is certainly the best investment policy in market when compared to the other reforms of finance since it does generate and debt, non-volatile and the benefits are dependent on the performance of project invested by the investors. With the implementation of new policy in 1991 (LPG) and other reforms policies, India has seen a growth in the investment and outflow of FDI into the nation. This was to a large extent due to the modification and dismission of trade opposing policies.[4] Through economic liberalisation in India had taken its roots from the late 1970s, economic reforms in India have only started after 1991, the reforms which have opened up in 1991 have pushed the economy from the government control, government monopoly to the private sectors of the economy growth. The license raj is a constraint in the past, inspite of the slow down of the economy globally due to global crisis in 2008-2009 India had shown up a growth of nearly 6.7%. According to the Asian development banks Asia capital market report the Indian economy was grown as a third largest after the China and Hongkong in the growing Asian markets, with a market capitalisation of nearly US$ 600 million.[3,4] Investment Environment: Although Indias foreign investment policy gives access to hundred percent FDI in most sectors, India till now has not attained its growth as an FDI destination to its maximum extent. The governments efforts in maximising the FDI investments are not up to the mark because of the flows with in the government like corruption, bureaucracy, and importantly the drawbacks in the needed infrastructure. India is known for its different operating ways which differ from state to state.[3,5] Important reforms in the investments concerned issues; mainly the foreign investment was delayed in the last few years mainly because of UPAs dependence on Indias communist party for the agreement in the parliament. The end of this agreement in 2008 brought into existence only a small set of reforms. For example, in February, the government implemented modifications that opened channels for FDI inflow like the insurance, telecom and retail. The governments decision did not change any of the FDI capitals but it had given a chance to invest in these sectors beyond the limit but it should be taken place indirectly. Once major fore seeing, is that UPA government, which has been rejected without any support of the Indias main left list parties, will now utilize its power to step forward in implementing more economic and investment reforms, many of which are anticipated to provide chances to foreign investors. [5,1] Reforms are showing a growth with a normal place as a result of the global crisis and the diversity of views on the issues, even with the congress party itself. Plans to improve the tax system, create a self dependent debt management system and to a small extent privatisation of government owned firms are being taken into consideration and are proposal. Recent performance: There was a growth of 6.2% y/y in the GDP for Q2-09 (through it is less than the predicted one) with an increase of 5.8% in Q1-09. Grown was reduced to 7.4% for 2008 and is expected to continue the same pattern for the next few quarters. Growth in the first half of the year came on the side of high government prediction spending and stimulus spending. But less monsoon rainfall this year will reduce growth aspects. Industrial growth in the production is at 10.4% y/y in August at a tremendous state since October 2007, largely on the side of government mode of operation and inventory backing.[5,7,9] Fiscal Policy: The budget for the FY09/10 coming year is estimated that the reduction of the deflect to 6.8% of GDP from 6.0% the last year and the tax revenues getting worsened to 10.9% of GDP from 11.6%. Total investment of the central government is to grown to 17.4% of GDP on the things due to increased subsidies and for providing more opportunities on welfare and employment programs especially in rural areas to increase demand and growth trajectory. The period given to small farmers to repay their dues under the debt waiver and debt cancellation schemes has been increased up to the year end. More money is expected to be deposited into the National Rural Employment Guarantee scheme which gives assurance that each rural family works 100days on public sector projects. Fiscal consolidation is to be given up for small term improvement and is to be gained in the medium long term. The budget does not include important reforms which are significant for private business and foreign investment.[1,3 5] Monetary Policy: The Reserve Bank of India is likely to take the control of more monetary losses since October 2008 and to hold the repo rate as well as the reverse repo rate at 47.5% and 3.25% respectively in tis October meeting. The case reverse necessity can be increased once the liquidity conditions have become better. Lower policy rates are step by step converting into lower commercial rank landing rates, but the business is being more careful about the giving and taking. Large energy prices earlier in 2008 had pushed the government to maximize retail fuel prices, making the Wholesale Price Induse(WPI), the RBIs target indicator for inflation, nearly to 12% in July 2008. The external sector: 2008 saw maximum trade downfalls due to the increase in the oil prices. At the same time the plunge in the commodity prices failed to make it a substantial current account profits in 2008 due to negative export performance and value of rupee decreased to a maximum extent. The considerable reduction in imports in 2009 motivated to an growth in the current account deflect in Q1-09 after a large extent of downfall in the last three quarters of 2008. The overall Balance of Payment(BOP) figures for H1-08 showed a addition; but by H2-08 it became a negative.[6,1,2] H1-09 BOP balance is now once again in showing improvement due to a firming on the capital account side but the current account side was worsened in Q2-09. Foreign reserves, though are of considerable amounts have been tightened in the past months, but have raised again in July up to USD 261 billion and showing over 9.4% months of current account debit cover. The external debt is a tiny one at 18.7% of GDP providing a solution. The rupee value dropping in 2008, have brought loss of 20.7% against the USD, but in 2009 it coped up when compared to the lost value worth.[1,2] Changes of Policies in 1991: In July 1991, India has observed some important reforms comprising of certain de-reputation of industrial sector as well as liberalisation of FDI and imports. The important conditions taken in this policy alternation were: Cancellation of industrial licensing in all organisations with exceptions like security-concerned and strategic areas. Enhancement of capacity facilitates the market necessities for the running industries. Nullify the rules on investments by MRTP and FERA industries. Approving normally for foreign investment below or equal to fifty one percent of the equity under consideration of high technology and high investment priority industries and liberalisation of capital market. While implementing the practice of mixed economy would continue, the new economic policies had placed a few hard alterations in government sector industries. Example: Minimizing the set of industries reserved for government sector from 17 to 8 and by December 2002 the set included only three sectors under the public sector units.[8, 10] Atomic energy Minerals mentioned in the atomic energy order, 1953. Railway transport. The number of fields according to which industrial licensing is necessary is reduced to fifteen, declaration of new policy renewal fund(NRF) in order to handle the worse state sector organisations; for converting them into more independent and accountable, along with which foreign investment upto fifteen percent is allowed without any restrictions and foreign technology allowance for 35 main industries. These types of policy changes had increased the argumentation in India among the supporters of liberalisation policy and one who doesnt support the policy. The argument is still on; however it was later changed slowly with time of almost a decade of policy introduction and the result in the performance was visible. [9,10] CHAPTER 3 FDI in China Introduction: Right from the start of economic policies and begin of foreign capital investment in 1979, China started getting a huge chunk of foreign investment flows. China has become the second largest FDI investment country in the world where United States occupied the first place and China has also secured the biggest host nation among the developing countries. Chinas position as a host nation of FDI can be termed equivalent to the developed country though it is a developing nation with the highest FDI inflow.[17] For twenty years (1979-1999), the actual FDI investments in China from 1979 to 1999 is nearly USD 306 billion, which is equivalent to ten percent of the global investment and thirty percent of the developing countries together. Chinese FDI investment pattern can be studied according to the alterations in the policy reforms- the first phase is from 1979- 1983, second phase is from 1984-1991. In the first phase only the Chinese government has set up four Special Economic Jones(SEZs) in Guangdon and Fujan provinces, and implemented new set of regulations with supporting capabilities for the FDI in these SEZs. Though the amount of FDI investments is limited it is mostly taken place in these SEZs.[17,18] Determination of FDI in China: According to the study FDI is basically categorized into two types: market oriented and export oriented FDI. According to the market oriented type of FDI the driving factors for promoting the FDI investments is the size and growth of the host nation. The export oriented FDI on the other hand mainly concentrated on the wealth competitiveness. There are some of the features which support both FDI which China is said to have are mentioned below.[17] Size and growth of the Chinese economy and policies. Distribution of FDI in China in the sectors of natural and sect oral and geographical. Human resource capabilities like cost and quality of labour. Infrastructure interms of physical, economical and technology. Willingness to trade internationally and its channels to foreign markets. Introduction of regularity principals and economic policy coherence. Investment security and promotion. Capital Availability: By the early 2000s, China had outnumbered United States with a more number of investments globally. FDI is a technique in which a non-local investor is interested investing in a local location. The investments of FDI into China can be counted on the basis of the global capital markets presence at that time and normal economic environment at that particular time. [13] A challenging global economy, capital markets and business situation at that time implement options of creating huge chuncks of investment capital that exceeds the amount of good ideas of local investment can result in the institutional, organisational and individual investors to invest in the growing and developing markets of the world. Competitiveness: Chinas welcoming nature as a perfect host of foreign investment capital lies on its enhancement of infrastructure, resource opportunities like(physical and labour), quality and working abilities and the development of the managerial vale chain. The high degree obviously make China as a perfect host of FDI when compared to other countries, like India which strive for its success in attaining the same investment capital. A growing and developing nation requires good standards of infrastructure and resources in order to promote its sale of goods and services. [13] Less transaction charges, due to the good standard of the aspects, helps investors to earn returns on these investments as their organisations are able to make benefits roads, highways, bridges and other ways of physical infrastructure, must be present runned and should be more secure for the transportation of the goods and also for the commutation of the workers. Another aspect for being a perfect FDI involves the availability of desired labour, who have the required aptitudes, experience and perfectness to create , manufacture and provide goods and services that can be seleld in the growing markets. Regulatory environment: When a national government acts into scene by implementing rules and policies with an objective at favouring state entities at the cost of privately running firms, such an environment can be detrimental to initiatives that aim to attract FDI. Like these, the regulatory environment can enhance or become a downfall fro the foreign direct investment for China. Large amount of regulations tend to show the entrepreneur and commercial activities, as the management and labour must spend more quality of time to carry on with these rules and regulations. If an investor wants to start a manufacturing facility in China, excessive start up costs, loyal exposure and other difficulty compliance items may implement that investor to set up the facility anywhere the environment is more complaint to the industry. Other types of regulations which are must the compulsory joint venture partnership in which, along with the foreign investors, the state entity or local entity or local industry as a partner. A well established judicial system is favoured for the perfect FDI host. If a judicial system is centralized towards the locals who some time wants to practice some unfair, unethical and illegal means of business opuurtunities will also contribute to making China as a less choose destination.[17] Another regulatory technique which supports for a favourable investment is the governments implementation of investment activities by providing alluring financial breaks like the tax breaks, grants, cheap government promoters financial services then it can be more effective in enhancing the making of a business more benefitiable and within a short span of time. Stability: Political and economic stability can improve the state of the on flows of FDI. Stability means estimation of future and giving opportunities for organisations to attain better understanding of future markets. On the other hand constant social turnover are the constraints which are not favourable for a good progress of the investments. Economic instability can lead to the depreciation of the currency value due to hyper inflation. To promote FDI, natives/works as well as trading should have a considerable amount of respect towards Chinese low end rates. Violence, underground criminal running, blackmail, kidnaps and duplicate currency and products have all been the flaws in China that serve to reduce the efficiency of conducting trade activities. The justice system should also follow best practices for eradication and elimination of these unfaithful activities for a better investment opportunities.[17,18] Local Chinese market and business climate: The most shining feature of China is the large size of its population and market, and the aspects of growth result from this size. The ability of organisations- backed by foreign investment to sell to a considerable amount of local market makes China as an attractive destination for FDI. As the Chinese economy is showing a tremendous growth, high end industries, engineering, robotics, and luxury goods among others can step into Chinese market as a large scale investors because of its perfect local conditions, resources and other FDI chances are enhanced growth and FDI can begin a success domino effect. The more foreign investment in the regions the more will be its growth. If the growth of a particular location is in a good progress to more investors will be willing to make FDI inflows. This point gains the benefits of the Chinas sizeable market, which represents growth oppurtuniteis in the present and growing commercial business. The higher the FDI inflows into the nation, the more the economic growth, forming a cycle of economic growth.[14,18] Openness to regional and international trade: Open nature of the business market helps in enhancing the promotion of FDI hosts. The main important thing to be taken into consideration is the business capability to promote its products and services to both local and international markets. Is the Chinese based organisations have restricted or less trading activities to foreign customers to be taken into consideration the United States, Western Europe, Japan and others tehn the local market may not able to accomplish a single investment in money and energy. Trade restrictions such as tariffs are genrally considered as less motivated options by other nations. An American product which is having high price while being marketed in China is of no demand in the local market due to the unnaturally raised price, such actions normally rise the tariffs of such local Chinese product in contrast with the US products and in certain cases, an outright ban on certain goods and services.[15] Export-friendly policies, normally will play a major role in determining whether to invest in China, especially for organisation which have large chuncks of investments in other local markets. For enhancing economic policies and growth, it is necessary to initiate business-friendly system, and international free trade agreements are needed to be implemented by market developing governments. The impact of FDI on Chinas international trade: Right from 1980, Chinas foreign trade has shown an tremendous growth. In the period of 1980 and 1998, its share in the world trade has rised to three percent from the base value of one percent. The Chinas economy free flowness can be measured by the ratio of foreign trade to GDP addition from twelve percent to thirty four percent. It is evident that the FDI has been the main aspect which enhanced the improved Chinas entrance in the international sector of the production process known as globalisation. The conclusions can be derived from the below state empirical evidences. Chinas comparative advantages: As estimated by economic theory, Chinas main structural strengths in international trade have been focused in a small definitive number of labour intensive manufacturing products leather and shoes, dress materials and some other manufactured products (like, sports items, toys). Its main structural drawback lies in investment and technology intensive goods; machinery, turbines, textile raw materials and plastics. Ten sectors in which China had excelled had resulted in a total of sixty eight percent of Chinas exports and ten sectors in which China has fallbacks resulted in a total of 42 percent of Chinese imports.[15] This present a brief about the differences that exist in policy making with Chinas foreign trading partners ( the EU-15, the United States, Japan) and the four developing individualized economies (Hong-Kong, Taiwan, south Korea and Singapore) and the presence of big inter-sectarian complementary. In the same channel, China had an excellent net export in the labour based products both in its business with Asia and the rest of the world. Chinas specialisation policies have never been introduced. Its excellence in some of the more basic sectors (clothing and knitwear, carpets) was turned off in the nineties, while new comparative benefits evolved and other were vanished. In particular China had introduced new comparative benefits in computer tools, consumer electronics and electrical appliances and home used electrical apparatus though there was excellent growth in exports. At that moment it had given up its comparative benefit in three sectors, out of which crude and refined oil are same. These turnovers in the specialisation also emerged the Chinas position in world trade. While in 1997 China still continued to hold the biggest market chuncks in the most tremendously growing world markets like tele communication devices, computer devices and electrical appliances and tools. [17] A Comparatative analysis China and India in a context of composition of GDP: There is scepticism about the China that has the business structure of a developing nation. The inter sectored business specialisations were more strongly established when compared to other developing Asian nations. This can be credited to the Chinas wide extent and big resources of cheap labour which helps it in having a continuous enlargement of labour specific exports. The Analysis of the IMPACT of FDI on Chinas structure: Chinas policy is so attain export-related FDI which is interested in its enhancement has gained a excellent success. It has allowed it to construct on international level of manufacturing sector, which is highly capable to meet the world markets. There was no effect on this export-related and impo Comparison of China and Indias FDI Comparison of China and Indias FDI ABSTRACT Welcoming Foreign Direct Investment (FDI), means of India and China differ to some extent which gives to some important subjects of concern about the definite FDI perspectives of India. In the days to come, can India became an FDI destination equivalent to that of China. The thesis mainly focuses on these issues. It will also guide us with the necessary steps that the country needs to follow to turn into a attractive FDI destination in World. India was lagging to a large extent when compared to the FDI inflows that China has. In part, this difference shows the trust that the foreign investors have in Chinas growth and the disbelieve they had in Indias loyalty towards the free market reforms. On the other hand, Indian Diaspora was the drawback for its own success until now and interested to welcome the investors to back home. India has become a supportive backbone to private enterprise in terms of its development in infrastructure. When compared to Chinas capital markets Indias market shown a great potential and transparency In the case of India which is more dependent on its organic growth, it is using a wide range of resources which shows that there will be a more sustainable progress that Chinas FDI driven method. Can India overtake China? Is no more a childish question and if it shows up the Indias wiser progress and according to the policy experts, the wiser the step more growth is shown in the economy. CHAPTER1 Brief Analytical framework What is FDI? Foreign Direct Investment (FDI) is a networking ingredient of the progress in the globalisation of world economy. FDI reduces the total capital invested by foreign investors, directly or indirectly to companies in different economy with a desire of attaining profits to be shared from the company in which they invest. The foreign investors attains possession of assets in the invested country companies as a relative ratio to their equity holidays. FDI by definition is generally known to show a long-term commitment because it will be a share of ten percent or more in the host country firm, together with the management capabilities.[1] Role of FDI: The significance of FDI lies beyond the financial investment that invested in the country. Along with this, FDI investment can be a mechanism for developing international marketing of products in terms of knowledge, management abilities, technical aspects of design, brand names, way of marketing and characteristics etc.. FDI can produce desirable results for both local industry and customer, by providing improved show up in the product design and technological transfer, way of utilizing global management skills of human resources, setting the firm with global standards of competitiveness new channels of export markets, providing wide range of services in terms of internationally quality goods and channels and with an increase in the employment prospects.[1] Taking into consideration of all the above aspects, FDI can be mentioned as an important means of economic growth and is a driving factor of growth in developing countries. FDI investments are normally choosen as better option than the other forms of finance, as they dont create any debts, no-volatile and returns are directly proportional on the projects invested by the financers. In the present situation of rapid growth and tremendous change both in technological and managerial aspects, their need is always to be welcomed.[1, 2] Choice of location of FDI: According to Dunnings Ownership Location Internalisation (OLI) concept the worthful site productions of FDI investments to the host nations in terms of location benefits that the foreign investors made by the FDI. The concept shows that the involvement of developing nations in total investment of foreign direct inflow has been grown considering over the past 25years, taking into the consideration of the changes taken place in the past decades. For example looking for agricultural resources was high in 20th century when compared to the present. The present investments of FDI are complex to a large extent and are dependent on a wide variety of conditions base on the growing competition on the market in which the industries own and to the economic policies at the local and the host countries. [1,2] FDI has been viewed as a technique to enhance the growth in the economy by the developing nations. In terms of IMF, FDI is an investment internationally for attaining a lasting interest by a local firm in one economy in an enterprise firm in another economy. In spite the developing nations are pushing hard to get on the FDI but to a large extent FDI is gained by developing nations, for example it is one and half million dollar investment in the year 2004 China and India are the two developing powers of the developing nations, comprising of thirty seven percentage of world population. Both China and India has a large scale of natural resources, skilled labour and unskilled labour, affordable labour with good quality large local markets and the stable political use.[2] By taking all these into consideration we can say that they have a tremendous growth in the FDI to setup the local and international markets and also to become a significant entity in the economic growth globally. India and China are the two growing nations of Asia which are at present the higher priority nations for FDI investment. Both India and China have their trends of policies for getting on the foreign investment. India is the first country in Asia to setup a export technologies in 1965. India has drastically slowed down by not utilising the foreign investment because of it s self reliance and export replacement until the late 1980s till the introduction of new reforms (LPG) liberalisation, privatisation and globalisation in 1990- 1991.[3] India and China are the two nations which are best suited for the FDI investments globally. Inspite, India has introduced excellent financial and instituting reforms easier to the Chinas introduction of these, now China shows up a better FDI in contrast with India. It is clearly evident that China is ahead of India, there are some important cases that India has to learn from Chinas experience.[1,3] The financial markets governed by SBI in India are much enhanced when compared to China. India has a good service sector which requires small capital inflow than the manufacturing sector. Based on the analysis of AT Kearney, it is evident that India has a high enhance of becoming number one manufacturing location.[3] Structure of Dissertation: The thesis is discussed in a total of eight chapters. First chapter deals with the statement of the problem and comes out with the goal of this thesis. Second chapter deals with Indian and Chinese economy. 3rd chapter deals with FDI and developing countries. 4th chapter deals with Indian and Chinese FDI. 5th chapter deals with analysis of Indian and Chinese economy using SWOT and PEST analysis. 6th chapter deals with the methodology followed by observations and enhancements in the seventh chapter. 8th chapter deals with the conclusion and recommendation to be taken by nations to increase FDI inflow. Statement of problem: India secured independence two years earlier than China, but it is still behind in socio-economic development signs. Once China became a member of WTO China began to be choose as best FDI investment nation among the developing nations. In terms of Asian Development Outlook and UNCTAD(2005) point out that Indias FDI is purely less than that of China and there is a quite enough difference between the actual realisation and approvals. However, China was ahead of the India because of this implementation of open door policy in 1979 for the inflows of FDI to grow its economy to the modern standards and capitalistic ways, it being a socialistic system. Eventually, India also shown growth in its economy through LPG policies from 1991 onwards breaking out the barcodes of the license control raj. But according to RBI rightly spoken words Despite all the talks we are no where even near to begun globalise in terms of any commonly used signs of globalisation. In fact we are still one of the best globalise among the major nations, however we take a look at it. Justification of study: The thesis point out the comparative study of India and China over FDI, it is mainly discussed about the policy reforms in India to make more FDI investments, next steps to be taken by India for attracting FDI and how to overtake China in the FDI inflows. The growth of FDI is a major source making income for many developing nations like China and India. It brings several advantages like implementation of new products, skills, new markets and technology to the local country. India is preferred as the second best nation for the foreign investment after China which showed a growth of one hundred and eighty four percentage in the year 2006-2007. Inspite of better economical and managerial reforms of India over China, India is lagging behind China. The thesis demonstrates whether the current reforms in India are sufficient to overtake China. AIMS and objectives: To identify the factors that develops the growth of Indian financial system through its policy changes. To find out what initiatives made by Indian government to attract the FDI and its policy changes made by the government of India to enhance the Indian health care system. To analyse participation and involvement of FDI in India and China, also to identify what India can learn from China. To produce qualitative evaluation about past and current issues which effects both India and China by FDI? To produce the comprehensive documentation of key findings of government participation of both countries by FDI. To conduct a competitive comparison by FDI in India as well as in China CHAPTER2 A Framework of FDI Overview of Indian FDI: The Indian government behaviour towards the foreign investment has been modified to a large extent during the last decade. Foreign Investment at that time was restricted only to a certain particular industry under special norms has now been made liberal under the terms of restrictions and particular industries. This shows the changing confidence in the fundamental of the Indian economy and the drastic step of the Indian government to cope up with the global economy. Approval ways for foreign Investment in India are primarily most vigilant.[3,4] FDI is considered as a significant step in the process of growth of economy in the developing countries. FDI is certainly the best investment policy in market when compared to the other reforms of finance since it does generate and debt, non-volatile and the benefits are dependent on the performance of project invested by the investors. With the implementation of new policy in 1991 (LPG) and other reforms policies, India has seen a growth in the investment and outflow of FDI into the nation. This was to a large extent due to the modification and dismission of trade opposing policies.[4] Through economic liberalisation in India had taken its roots from the late 1970s, economic reforms in India have only started after 1991, the reforms which have opened up in 1991 have pushed the economy from the government control, government monopoly to the private sectors of the economy growth. The license raj is a constraint in the past, inspite of the slow down of the economy globally due to global crisis in 2008-2009 India had shown up a growth of nearly 6.7%. According to the Asian development banks Asia capital market report the Indian economy was grown as a third largest after the China and Hongkong in the growing Asian markets, with a market capitalisation of nearly US$ 600 million.[3,4] Investment Environment: Although Indias foreign investment policy gives access to hundred percent FDI in most sectors, India till now has not attained its growth as an FDI destination to its maximum extent. The governments efforts in maximising the FDI investments are not up to the mark because of the flows with in the government like corruption, bureaucracy, and importantly the drawbacks in the needed infrastructure. India is known for its different operating ways which differ from state to state.[3,5] Important reforms in the investments concerned issues; mainly the foreign investment was delayed in the last few years mainly because of UPAs dependence on Indias communist party for the agreement in the parliament. The end of this agreement in 2008 brought into existence only a small set of reforms. For example, in February, the government implemented modifications that opened channels for FDI inflow like the insurance, telecom and retail. The governments decision did not change any of the FDI capitals but it had given a chance to invest in these sectors beyond the limit but it should be taken place indirectly. Once major fore seeing, is that UPA government, which has been rejected without any support of the Indias main left list parties, will now utilize its power to step forward in implementing more economic and investment reforms, many of which are anticipated to provide chances to foreign investors. [5,1] Reforms are showing a growth with a normal place as a result of the global crisis and the diversity of views on the issues, even with the congress party itself. Plans to improve the tax system, create a self dependent debt management system and to a small extent privatisation of government owned firms are being taken into consideration and are proposal. Recent performance: There was a growth of 6.2% y/y in the GDP for Q2-09 (through it is less than the predicted one) with an increase of 5.8% in Q1-09. Grown was reduced to 7.4% for 2008 and is expected to continue the same pattern for the next few quarters. Growth in the first half of the year came on the side of high government prediction spending and stimulus spending. But less monsoon rainfall this year will reduce growth aspects. Industrial growth in the production is at 10.4% y/y in August at a tremendous state since October 2007, largely on the side of government mode of operation and inventory backing.[5,7,9] Fiscal Policy: The budget for the FY09/10 coming year is estimated that the reduction of the deflect to 6.8% of GDP from 6.0% the last year and the tax revenues getting worsened to 10.9% of GDP from 11.6%. Total investment of the central government is to grown to 17.4% of GDP on the things due to increased subsidies and for providing more opportunities on welfare and employment programs especially in rural areas to increase demand and growth trajectory. The period given to small farmers to repay their dues under the debt waiver and debt cancellation schemes has been increased up to the year end. More money is expected to be deposited into the National Rural Employment Guarantee scheme which gives assurance that each rural family works 100days on public sector projects. Fiscal consolidation is to be given up for small term improvement and is to be gained in the medium long term. The budget does not include important reforms which are significant for private business and foreign investment.[1,3 5] Monetary Policy: The Reserve Bank of India is likely to take the control of more monetary losses since October 2008 and to hold the repo rate as well as the reverse repo rate at 47.5% and 3.25% respectively in tis October meeting. The case reverse necessity can be increased once the liquidity conditions have become better. Lower policy rates are step by step converting into lower commercial rank landing rates, but the business is being more careful about the giving and taking. Large energy prices earlier in 2008 had pushed the government to maximize retail fuel prices, making the Wholesale Price Induse(WPI), the RBIs target indicator for inflation, nearly to 12% in July 2008. The external sector: 2008 saw maximum trade downfalls due to the increase in the oil prices. At the same time the plunge in the commodity prices failed to make it a substantial current account profits in 2008 due to negative export performance and value of rupee decreased to a maximum extent. The considerable reduction in imports in 2009 motivated to an growth in the current account deflect in Q1-09 after a large extent of downfall in the last three quarters of 2008. The overall Balance of Payment(BOP) figures for H1-08 showed a addition; but by H2-08 it became a negative.[6,1,2] H1-09 BOP balance is now once again in showing improvement due to a firming on the capital account side but the current account side was worsened in Q2-09. Foreign reserves, though are of considerable amounts have been tightened in the past months, but have raised again in July up to USD 261 billion and showing over 9.4% months of current account debit cover. The external debt is a tiny one at 18.7% of GDP providing a solution. The rupee value dropping in 2008, have brought loss of 20.7% against the USD, but in 2009 it coped up when compared to the lost value worth.[1,2] Changes of Policies in 1991: In July 1991, India has observed some important reforms comprising of certain de-reputation of industrial sector as well as liberalisation of FDI and imports. The important conditions taken in this policy alternation were: Cancellation of industrial licensing in all organisations with exceptions like security-concerned and strategic areas. Enhancement of capacity facilitates the market necessities for the running industries. Nullify the rules on investments by MRTP and FERA industries. Approving normally for foreign investment below or equal to fifty one percent of the equity under consideration of high technology and high investment priority industries and liberalisation of capital market. While implementing the practice of mixed economy would continue, the new economic policies had placed a few hard alterations in government sector industries. Example: Minimizing the set of industries reserved for government sector from 17 to 8 and by December 2002 the set included only three sectors under the public sector units.[8, 10] Atomic energy Minerals mentioned in the atomic energy order, 1953. Railway transport. The number of fields according to which industrial licensing is necessary is reduced to fifteen, declaration of new policy renewal fund(NRF) in order to handle the worse state sector organisations; for converting them into more independent and accountable, along with which foreign investment upto fifteen percent is allowed without any restrictions and foreign technology allowance for 35 main industries. These types of policy changes had increased the argumentation in India among the supporters of liberalisation policy and one who doesnt support the policy. The argument is still on; however it was later changed slowly with time of almost a decade of policy introduction and the result in the performance was visible. [9,10] CHAPTER 3 FDI in China Introduction: Right from the start of economic policies and begin of foreign capital investment in 1979, China started getting a huge chunk of foreign investment flows. China has become the second largest FDI investment country in the world where United States occupied the first place and China has also secured the biggest host nation among the developing countries. Chinas position as a host nation of FDI can be termed equivalent to the developed country though it is a developing nation with the highest FDI inflow.[17] For twenty years (1979-1999), the actual FDI investments in China from 1979 to 1999 is nearly USD 306 billion, which is equivalent to ten percent of the global investment and thirty percent of the developing countries together. Chinese FDI investment pattern can be studied according to the alterations in the policy reforms- the first phase is from 1979- 1983, second phase is from 1984-1991. In the first phase only the Chinese government has set up four Special Economic Jones(SEZs) in Guangdon and Fujan provinces, and implemented new set of regulations with supporting capabilities for the FDI in these SEZs. Though the amount of FDI investments is limited it is mostly taken place in these SEZs.[17,18] Determination of FDI in China: According to the study FDI is basically categorized into two types: market oriented and export oriented FDI. According to the market oriented type of FDI the driving factors for promoting the FDI investments is the size and growth of the host nation. The export oriented FDI on the other hand mainly concentrated on the wealth competitiveness. There are some of the features which support both FDI which China is said to have are mentioned below.[17] Size and growth of the Chinese economy and policies. Distribution of FDI in China in the sectors of natural and sect oral and geographical. Human resource capabilities like cost and quality of labour. Infrastructure interms of physical, economical and technology. Willingness to trade internationally and its channels to foreign markets. Introduction of regularity principals and economic policy coherence. Investment security and promotion. Capital Availability: By the early 2000s, China had outnumbered United States with a more number of investments globally. FDI is a technique in which a non-local investor is interested investing in a local location. The investments of FDI into China can be counted on the basis of the global capital markets presence at that time and normal economic environment at that particular time. [13] A challenging global economy, capital markets and business situation at that time implement options of creating huge chuncks of investment capital that exceeds the amount of good ideas of local investment can result in the institutional, organisational and individual investors to invest in the growing and developing markets of the world. Competitiveness: Chinas welcoming nature as a perfect host of foreign investment capital lies on its enhancement of infrastructure, resource opportunities like(physical and labour), quality and working abilities and the development of the managerial vale chain. The high degree obviously make China as a perfect host of FDI when compared to other countries, like India which strive for its success in attaining the same investment capital. A growing and developing nation requires good standards of infrastructure and resources in order to promote its sale of goods and services. [13] Less transaction charges, due to the good standard of the aspects, helps investors to earn returns on these investments as their organisations are able to make benefits roads, highways, bridges and other ways of physical infrastructure, must be present runned and should be more secure for the transportation of the goods and also for the commutation of the workers. Another aspect for being a perfect FDI involves the availability of desired labour, who have the required aptitudes, experience and perfectness to create , manufacture and provide goods and services that can be seleld in the growing markets. Regulatory environment: When a national government acts into scene by implementing rules and policies with an objective at favouring state entities at the cost of privately running firms, such an environment can be detrimental to initiatives that aim to attract FDI. Like these, the regulatory environment can enhance or become a downfall fro the foreign direct investment for China. Large amount of regulations tend to show the entrepreneur and commercial activities, as the management and labour must spend more quality of time to carry on with these rules and regulations. If an investor wants to start a manufacturing facility in China, excessive start up costs, loyal exposure and other difficulty compliance items may implement that investor to set up the facility anywhere the environment is more complaint to the industry. Other types of regulations which are must the compulsory joint venture partnership in which, along with the foreign investors, the state entity or local entity or local industry as a partner. A well established judicial system is favoured for the perfect FDI host. If a judicial system is centralized towards the locals who some time wants to practice some unfair, unethical and illegal means of business opuurtunities will also contribute to making China as a less choose destination.[17] Another regulatory technique which supports for a favourable investment is the governments implementation of investment activities by providing alluring financial breaks like the tax breaks, grants, cheap government promoters financial services then it can be more effective in enhancing the making of a business more benefitiable and within a short span of time. Stability: Political and economic stability can improve the state of the on flows of FDI. Stability means estimation of future and giving opportunities for organisations to attain better understanding of future markets. On the other hand constant social turnover are the constraints which are not favourable for a good progress of the investments. Economic instability can lead to the depreciation of the currency value due to hyper inflation. To promote FDI, natives/works as well as trading should have a considerable amount of respect towards Chinese low end rates. Violence, underground criminal running, blackmail, kidnaps and duplicate currency and products have all been the flaws in China that serve to reduce the efficiency of conducting trade activities. The justice system should also follow best practices for eradication and elimination of these unfaithful activities for a better investment opportunities.[17,18] Local Chinese market and business climate: The most shining feature of China is the large size of its population and market, and the aspects of growth result from this size. The ability of organisations- backed by foreign investment to sell to a considerable amount of local market makes China as an attractive destination for FDI. As the Chinese economy is showing a tremendous growth, high end industries, engineering, robotics, and luxury goods among others can step into Chinese market as a large scale investors because of its perfect local conditions, resources and other FDI chances are enhanced growth and FDI can begin a success domino effect. The more foreign investment in the regions the more will be its growth. If the growth of a particular location is in a good progress to more investors will be willing to make FDI inflows. This point gains the benefits of the Chinas sizeable market, which represents growth oppurtuniteis in the present and growing commercial business. The higher the FDI inflows into the nation, the more the economic growth, forming a cycle of economic growth.[14,18] Openness to regional and international trade: Open nature of the business market helps in enhancing the promotion of FDI hosts. The main important thing to be taken into consideration is the business capability to promote its products and services to both local and international markets. Is the Chinese based organisations have restricted or less trading activities to foreign customers to be taken into consideration the United States, Western Europe, Japan and others tehn the local market may not able to accomplish a single investment in money and energy. Trade restrictions such as tariffs are genrally considered as less motivated options by other nations. An American product which is having high price while being marketed in China is of no demand in the local market due to the unnaturally raised price, such actions normally rise the tariffs of such local Chinese product in contrast with the US products and in certain cases, an outright ban on certain goods and services.[15] Export-friendly policies, normally will play a major role in determining whether to invest in China, especially for organisation which have large chuncks of investments in other local markets. For enhancing economic policies and growth, it is necessary to initiate business-friendly system, and international free trade agreements are needed to be implemented by market developing governments. The impact of FDI on Chinas international trade: Right from 1980, Chinas foreign trade has shown an tremendous growth. In the period of 1980 and 1998, its share in the world trade has rised to three percent from the base value of one percent. The Chinas economy free flowness can be measured by the ratio of foreign trade to GDP addition from twelve percent to thirty four percent. It is evident that the FDI has been the main aspect which enhanced the improved Chinas entrance in the international sector of the production process known as globalisation. The conclusions can be derived from the below state empirical evidences. Chinas comparative advantages: As estimated by economic theory, Chinas main structural strengths in international trade have been focused in a small definitive number of labour intensive manufacturing products leather and shoes, dress materials and some other manufactured products (like, sports items, toys). Its main structural drawback lies in investment and technology intensive goods; machinery, turbines, textile raw materials and plastics. Ten sectors in which China had excelled had resulted in a total of sixty eight percent of Chinas exports and ten sectors in which China has fallbacks resulted in a total of 42 percent of Chinese imports.[15] This present a brief about the differences that exist in policy making with Chinas foreign trading partners ( the EU-15, the United States, Japan) and the four developing individualized economies (Hong-Kong, Taiwan, south Korea and Singapore) and the presence of big inter-sectarian complementary. In the same channel, China had an excellent net export in the labour based products both in its business with Asia and the rest of the world. Chinas specialisation policies have never been introduced. Its excellence in some of the more basic sectors (clothing and knitwear, carpets) was turned off in the nineties, while new comparative benefits evolved and other were vanished. In particular China had introduced new comparative benefits in computer tools, consumer electronics and electrical appliances and home used electrical apparatus though there was excellent growth in exports. At that moment it had given up its comparative benefit in three sectors, out of which crude and refined oil are same. These turnovers in the specialisation also emerged the Chinas position in world trade. While in 1997 China still continued to hold the biggest market chuncks in the most tremendously growing world markets like tele communication devices, computer devices and electrical appliances and tools. [17] A Comparatative analysis China and India in a context of composition of GDP: There is scepticism about the China that has the business structure of a developing nation. The inter sectored business specialisations were more strongly established when compared to other developing Asian nations. This can be credited to the Chinas wide extent and big resources of cheap labour which helps it in having a continuous enlargement of labour specific exports. The Analysis of the IMPACT of FDI on Chinas structure: Chinas policy is so attain export-related FDI which is interested in its enhancement has gained a excellent success. It has allowed it to construct on international level of manufacturing sector, which is highly capable to meet the world markets. There was no effect on this export-related and impo