Saturday, August 31, 2019
A clockwork orange: chapter One Essay
One gets an initial impression of Alex and his friends from the first page: Alex says, ââ¬Å"There was meâ⬠¦ and my three droogsâ⬠. Immediately this suggests that he and his friends are close, like a gang, and this leads on to the idea of conflict. The closeness of Alex and his friends is elaborated upon throughout the chapter. He frequently uses the phrase ââ¬Å"The four of usâ⬠and, when speaking to Pete, Georgie and Dim, he says, ââ¬Å"Oh my brothersâ⬠. Their close camaraderie is summed up on page six, where Alex describes it as being ââ¬Å"usually one for all and all for oneâ⬠. Then he begins to describe three ââ¬Å"devotchkasâ⬠, whom one presumes to be members of a rival gang (the reader is told that Alex and his friends are ââ¬Å"malchicksâ⬠). There is no brevity in Alexââ¬â¢s description, and he goes into detail when describing the clothes and make-up. It is likely here that Alex has a certain respect for these gang members, indicated by his lengthy description of their bright uniforms, and by the fact that he speculates on the large cost of these uniforms. But there is also a clear element of mockery. This is especially apparent in the sentence ââ¬Å"These were supposed to beâ⬠¦ ââ¬Å", with an emphasis on the word ââ¬Å"supposeâ⬠. He is putting the credulity of the gang into doubt, debunking their claims. This is quite childish in some respects, and reminds the reader of his tender age. Alex and his ââ¬Å"droogsâ⬠also wear uniforms, and Burgess describes them in a way that makes them unique to those four ââ¬â by telling the reader what design each of the four had for their ââ¬Å"jelly mouldâ⬠, he is putting them apart from the rest of the world, giving them a uniqueness and style that no one else possesses. The uniforms are also a barrier between them and the rest of the world. This is also true of the ââ¬Å"maskiesâ⬠that the four often wear. As well as the more practical use of hiding their face from recognition, the masks separate the boys from the rest of society, making them stand out, and perhaps feel superior. Also, the outrageous costumes, to choose a better word, are a clear symbol of rebellion. It is ironic, therefore, that the boys wear them, as uniforms have always been associated with conformity. The language of the boys is the most successful at suggesting conflict with the outside. To begin with, the words are very harsh. Hard sounds, especially obvious with the many Ks, make the words infinitely more savage. The language used to describe other people is degrading: old women are ââ¬Å"ptitsasâ⬠and men are ââ¬Å"vecksâ⬠. The boys do not use this language when speaking to people who are not involved in gang warfare. To the man coming out of the library, Alex is polite and uses mostly understandable language. It is obviously because he is mocking the man, but it is also possibly because he would not understand (since it seems that he speaks normally). So this is their language, something they use to each other. This is a straightforward example of their conflict with the ââ¬Å"outsideâ⬠. But the language not only acts as a barrier between the four boys and the older members of society: it also acts as a barrier between the boys and the readers. For anyone starting the book for the first time, the words used are baffling, and it takes a lot of getting used to. What is more, Alex feels the need to explain what some of the words mean: ââ¬Å"â⬠¦ a rooker (a hand, that is)â⬠. It is at this point that the readers become, in effect, a part of the society that Alex is rebelling against. We are on the outside. Finally, the language is used in such an extraordinary way, that it alienates us even further. It is in some instances quite chilling. Words like ââ¬Å"pooglyâ⬠are very childish; the best example is ââ¬Å"appy polly loggiesâ⬠, which is some corrupted baby version of the word ââ¬Å"apologiesâ⬠. It contrasts the stark violence of the book, giving it an even more savage tone. It is a strange mixture for Alex to use, reminding the reader that he is young. Plus, not only does it make the reader aware of the conflict Alex has with society, but also the deep struggle that is going on in Alexââ¬â¢s mind. 1. What impressions are we given of the society and the environment presented in chapter one? Use examples. (10 marks) The first impression one gets when reading about Alexââ¬â¢s world is what an absolutely seedy place it must be. The ââ¬Å"Korova Milkbarâ⬠sounds very entertaining but rather run down, and one is informed that it is one of many ââ¬Å"mestosâ⬠. Obviously it sells milk, but reading further on, one is told that this milk is ââ¬Å"plus something elseâ⬠, that something else being hallucinogenic drugs of some sort. It is then that one gets an idea of the depravity of the society in which Alex lives. Alex then mentions what he and his friends do to obtain money: either they can beat someone up in an alley and empty his pockets, or they can ââ¬Å"do the ultra violentâ⬠on an elderly woman in a shop and steal the money from the till. One realises that, fairly obviously, something has gone wrong with the world in Alexââ¬â¢s time. Various violent and criminal topics follow, such as gang warfare and the description of a drug-induced ââ¬Å"highâ⬠. It paints a morbid picture of a world in which violence reigns supreme, where there are no rules any more and society has disintegrated. This is backed up by the fact that any kind of law enforcement is not mentioned until later in the chapter. These ââ¬Å"millicentsâ⬠are obviously not important and Alex and his friends can easily outsmart them. So, in effect, there is no law enforcement. Early on, the only indication that some sort of legal system exists is the fact that ââ¬Å"mestosâ⬠were not licensed to sell liquor (which does not seem to stop them any way). Another aspect of society that is not missing, but seems unpopular, is that of literature. Alex reports that ââ¬Å"newspapers {are not} read muchâ⬠ââ¬â whether this is because of illiteracy or just lack of interest, one is unsure. The Public Biblio, which is the derelict-sounding municipal library, was something that ââ¬Å"not many lewdies used those daysâ⬠. Again, the reason why is not clear. Owing to the other ââ¬Å"past-timesâ⬠of the day, namely ultra-violent criminal activities, it is likely that nobody is interested in literature any more. This certainly fits in with the way in which Alex and his friends persecute a man just because they saw him coming out of the library with books in his hand. However, there are references to institutions that seem very active in the Alexââ¬â¢s world. The first is the health service. A ââ¬Å"rozzâ⬠informs the gang that there have been ââ¬Å"two hospitalizationsâ⬠. The fact that the hospitals in Alexââ¬â¢s world are busy is blatantly obvious, due to the height of criminal activity. One is unsure of how efficient these hospitals are. In a State-run society such as this, one would imagine they were very inefficient indeed. The other institution that is still up and running is school. Alex himself tells us that he must go to school the following morning, and we later learn that this is a corrective school. Overall, the world in Alexââ¬â¢s day seems extremely bleak. Wherever Alex is, it is clearly a police state, where individual rights and freedoms do not stand for much. The older, and in some ways, unnecessary institutions, such as the library system and newspapers, seem to have lost appeal completely, presumably replaced by ââ¬Å"worldcastsâ⬠and ââ¬Å"Milkbarsâ⬠. It does not sound like somewhere anybody would actually want to live.
Friday, August 30, 2019
Fdi Impact to China Economy Essay
The successful in attracting FDI is due to the provision on both the internal and external specific country advantages. It secures cheap labor cost and the availability of raw materials as well as securing the opportunity on exploring the domestic market potential. It is probably a more important factor for service sector to get closer to the market being served in order to meet and understand local needs and tastes. Foreign investors not only achieve benefit from tax breaks and incentives, China has also reduced many of its import quotas which may ensure the security and continuity on accessing to markets, to a certain extent. In addition, they can operate in a low cost base for export to third countries which is a key motive for many firms. However, there exists a dilemma. It is believable that foreign capital has played a largely positive role in Chinaââ¬â¢s economic development while, in contrary, there concerns FDI may bring detrimental effect. The benefits generated from FDI not just only help solving the capital shortage problem of the economy but also to augment the various aspects such as technologies, human capital, and operations etc as well. The opposition that concerns negative impacts on Chinaââ¬â¢s development claims that foreign capital inflows may substitute for domestic savings and FDI makes worst the balance-of-payment deficits thereby rising debt repayment obligations. Moreover, the transition to a market economy has failed to protect workers with a minimum of social security benefits. The local worker has lost originally guarantee to full and lifetime employment that they were recruited and allocated through centralized system as well as achieving related benefits of housing, health care, childcare and pensions offering by the state. As such, unemployment became a feature of Chinese labor market. Under the following analysis, its aim is to work out how Chinese local workers have lost or gained while foreign direct investment in China has brought great benefits both to the nation and the multinationals. 2. Background Before the announcement of mainland China to its ââ¬Å"Open Doorâ⬠policy in 1978, it was a centrally planned economy. Large enterprises were state-owned and they were required to produce according to the plan rather than market demand. They were also responsible for the provision of welfare, pensions, schooling and hospitals for their local communities. Under the plan, the internal management structures of the state-owned enterprises (SOEs) were constrained and the accounting system, which functioning the allocation of assets for central authorities, was not designed to identify profitability. The economic reforms in China took place since the late 1970s and it has been a market being sought to enter by many multinational firms recently. The active government promotion through various policy measures resulted that foreign direct investment (FDI) in China has grown rapidly since then. During the first ten years of the reform period (1978-1988), Chinaââ¬â¢s GDP grew at an average rate of around 10% per annum and its share of world trade doubled during the decade of the 1980s as well. From the period of the early 1980s to late 1990s, contracted FDI inflow to China grew from about US$1. 5 billion a year to more than US$40 billion a year in 1999. The rate of economic growth was even higher in the fist half of the 1990s.
Thursday, August 29, 2019
About Huck
About Huck Although Huck is white, he is poor, which makes him out of touch with civilized society, and although the Widow Douglas attempts to ââ¬Å"sivilizeâ⬠Huck by giving him the schooling and religious training he has missed, he resists her attempts and maintains his independent ways. He has not been indoctrinated with social values like a middle-class boy like Tom Sawyer has been. Huckââ¬â¢s distance from civilized society makes him skeptical of the world around him and the ideas it passes on to him. He has more practical values than the members of the middle class; for example, he doesnââ¬â¢t care about the Widowââ¬â¢s story about Moses because he ââ¬Å"donââ¬â¢t take no stock in dead peopleâ⬠(2). Huck distrusts and questions the things society has taught him. For example, according to the law, Jim is Miss Watsonââ¬â¢s property, but according to Huckââ¬â¢s sense of logic and fairness, it seems ââ¬Å"rightâ⬠to help Jim. He draws his own conclusions th at would shock white society: Huck discovers, when he and Jim meet a group of slave-hunters, that telling a lie is sometimes the right course of action. Huck is willing and eager to question the ââ¬Å"factsâ⬠of life and of human personality, such as the tendency to lie. Though Huck always remains open to learning, he never accepts new ideas without thinking. He is skeptical of social doctrines like religion and willing to set forth new ideas. For example, he doesnââ¬â¢t ââ¬Å"see no advantageâ⬠in going to heaven with Miss Watson, especially since he wants to stay with Tom Sawyer (3). Huck speaks in simple terms but is intelligent enough to question societyââ¬â¢s value of religious ideas and follow his own heart; he values his friend over a biblical standard of the afterlife. However, Huck is inevitably tainted by the Southern white conception of the world. He genuinely struggles with the question of whether or not to turn over Jim to the white men who ask if he is harboring any runaway slaves. In some sense, Huck still believes that turning Jim in would be the ââ¬Å"rightâ⬠thing to do, and he struggles with the idea that Miss Watson is a slave owner yet still seems to be a ââ¬Å"goodâ⬠person. As he spends more time with Jim, Huck is forced to question the facts that white society has taught him and that he has taken for granted. He realizes that he would have felt worse for doing the ââ¬Å"rightâ⬠thing and turning Jim in than he does for not turning Jim in. When Huck reaches this realization, he makes a decision to reject conventional morality in favor of what his conscience dictates. This decision represents a big step in Huckââ¬â¢s development, as he realizes that his conscience may be a better guide than the dictates of the whi te society in which he has been raised. As a narrator, Huck views his surroundings logically and pragmatically. His observations are not filled with judgments; instead, Huck observes his environment and gives realistic descriptions of the Mississippi River and southern culture. Huck simply accepts, at face value, the social and religious tenets pressed upon him by Miss Watson until his experiences cause him to make decisions in which his learned values and his natural feelings come in conflict. When Huck is unable to conform to the rules, he assumes that it is his own deficiency, not the rule, that is bad. He observes Pap saying heââ¬â¢ll never vote again because a black man was allowed to, but Huck but does not condemn this because it is the accepted view in his world. Huck simply reports what he sees, and this narration allows Twain to depict a realistic view of common ignorance, slavery, and the inhumanity that follows.
Wednesday, August 28, 2019
Strategic management Essay Example | Topics and Well Written Essays - 1750 words
Strategic management - Essay Example Income has increased especially in the higher social classes. Due to this, the luxury good market has witnessed a rapid global expansion. In 2009, the luxury market recorded an incredible expansion that amounts to $229 billion (Choo and Yoon 81). Louis Vuitton Malletier, commonly known as Louis Vuitton (LV), is a fashion house based in France and founded by Louis Vuitton. It is the leading luxury brand in the world. It belongs to LVMH Group which possesses a portfolio of more than sixty prestigious brands. The Group works in various sectors such as fashion and leather, wines and spirit, cosmetics and perfumes, watches and jewellery and other selective retail segments (LVMH, ââ¬Å"LVMH GROUPâ⬠). Louis Vuitton originally started its business as a trunk maker and gradually became the legend by creating innovative bags, luggage and accessories that were practical, elegant and redefined the art of travel (LVMH, ââ¬Å"Fashion & Leather Goodsâ⬠). ... In this context the group aims to fulfil the following mission that is reflected through the five priorities defined by the fundamental values shared by the group stakeholders (LVMH, ââ¬Å"Group Mission and Valuesâ⬠). Innovative and Creative The company grows and nurtures its creative resources. The secret behind their long-term success is deeply rooted in the amalgamation of technological innovation and artistic creation. Creation has been its main motto and will remain so forever (LVMH, ââ¬Å"Group Mission and Valuesâ⬠). Product Excellence The company pays careful attention towards their products to ensure that the products are created with utter perfection. They denote perfection and aristocracy in the traditional craftsmanship. Each and every item that the customer buys and uses, speaks about the tradition of the brand and all products aim towards impeccable quality (LVMH, ââ¬Å"Group Mission and Valuesâ⬠). Passionate Determination The company enjoys an extraord inary reputation. This reputation would not have been sustained if it were not supported by exceptional quality of their products and creative superiority. Without this aura Louis Vuitton would not have been Louis Vuitton. The company established a rigorous control over every smaller detail of the product in order to retain their brand image (LVMH, ââ¬Å"Group Mission and Valuesâ⬠). Act As a Tycoon Louis Vuitton follows a decentralized organizational structure that nurtures creativity, productivity and efficiency. This type of organizational structure provides a high level of motivation and dynamics to the employees. It always encourages initiative taken by the individuals, and also offers real
Tuesday, August 27, 2019
Principles of Microeconomics Research Paper Example | Topics and Well Written Essays - 1250 words
Principles of Microeconomics - Research Paper Example a single buyer in the entire business setting. Entry in such a market is restricted as a result of high cost or due to impediments which may be social, economic or even political. For instance the government can opt to create a monopoly over an industry. On the other side, monopolistic competition is generally a type of imperfect competition in that the competing producers sell products which are totally different from each other as goods but not necessarily perfect substitutes (Kamien 1982). Therefore, in a monopolistically competitive market, different firms can behave as if they are monopolies in the short-run by using market power to generate more profits. Later in the long-run, once other firms enter the same market, the benefits will be shared among them and the overall profit due to differential will considerably decrease with increase in competition. Having understood the basic principles about monopoly and monopolistically market structure, now it is very easy to anally the case in hand. As mentioned in the question, that in the year 2007 potato chip industry was operating as under monopolistically market. ... In most cases, it is argued that a multi-producer monopolist will always charge a lower price as compared tom firms operating separately producing the same complement products (Ralf 2000). As a result of lower pricing, demand will be higher since more customers are encouraged to buy at a lower price. The result is that, in the long run is that there will be a shortage of production because monopolistic generally produces less product than that society efficient level of output. In the long run, the price of commodities will be much higher due to less supply in the market. The strategy here is that, profit made earlier and being part of the surplus, it is transferred from consumers to the producers and this creates a social cost which arises from inefficiency low output that ends up to a dead weight loss. Immediately after transformation into a monopoly market the result would be realized within a short duration. For instance, due to monopoly the prices charged are much higher because there is no close substitute for the product. Those are at a disadvantage are the low income consumers who might be exploited by such a monopoly market where prices are a bit higher (Mckenzie 2008) Thought to producer high prices contribute to increase in the profit made by the firm. These benefits will be transferred to stakeholders whose main objective is after profit maximization. Though that may be the case, but sometime, a firm may not enjoy the domestic monopoly power, rather face an intense competition from other oversee producers. This tends to limit their market power and instead help in keeping prices lower for the consumers. Once manager has received such profits both in the short run and in the long run, they will distribute it
Monday, August 26, 2019
Meeting Essay Example | Topics and Well Written Essays - 1000 words
Meeting - Essay Example Conduct Meetings, what do you do if one of the people in the meeting started to talk about things which are not related to the purpose of the meeting? The ââ¬Å"tangentially inclined individualsâ⬠are people who take off on unrelated subjects, thereby derailing the conversation and interfering with the pace of the meeting. This may happen if meeting goals/outcomes are not clearly defined, or if the level of detail or the meeting roles are not understood. To handle this scenario, the facilitator must stop and clarify the desired outcome for this particular topic. If possible, he/she must help the group agree on level of detail to discuss before the meeting even gets started. He/she can use a parking lot to record issues to be worked outside the meeting. Finally, he/she should make sure that people feel heard. The most appropriate meeting chairperson is somebody who is (1) level-headed, because meetings can get heated up sometimes, so someone who can keep the harmony in the proceeding is vital; (2) objective, because opposing views are inevitable in meetings, so someone who can weigh the pros and cons can keep things in proper perspective; (3) intelligent enough to understand everything that transpires in the meeting; and (4) sensitive to the fact that everyoneââ¬â¢s ideas and personality differences are recognized. b.à How will you ensure that the meeting is time efficient and desired outcomes can be achieved efficiently? E.g. what may be an appropriate time limit on each speaker and how will you try to restricting discussion to agenda items? For the meeting to be time-efficient, certain guidelines must be made clear to all attendees, especially on the issue/s to be discussed so as to avoid veering away from what is relevant. Also, limits to the duration that each speaker can talk must be set, i.e., 2 minutes to present his/her main idea/concern, then ask for extension if necessary. c.à Give at least 2 examples of ethical and legal requirements for a public
Sunday, August 25, 2019
Personal Essay Example | Topics and Well Written Essays - 1250 words
Personal - Essay Example Secondly, one has to ensure that the business they are operating abides with the law. Dealing with un-licensed and illegal businesses has been one crime that the government has been fighting for many years. Those arrested due to operation of such businesses have always faced harsh penalties, in accordance with the set laws. Therefore, this paper seeks to answer some of the life questions that working adults have to resolve in their lives. What keeps me awake at night every day are my goals and priorities. Every night, I have to ensure that my dayââ¬â¢s plans are accomplished. This is to ensure that I start my day without carrying forward any unaccomplished tasks. I have set my daily goals in which they have to be accomplished. Failure to accomplish them is an indication that my work is lagging behind. That is another indicator of laziness and lack of focus in life. This is the reason I have to ensure that a dayââ¬â¢s target is achieved. Planning next dayââ¬â¢s targets is another reason to stay up late at night. As the manager of my life, itââ¬â¢s my duty to ensure that I have outlined the things that am supposed to do and what I have to achieve on that day (Todd, 25-34). Therefore, no matter how engaging my day may have been, I must plan the next dayââ¬â¢s targets and the way to achieve them. I believe in the slogan that says ââ¬Å"failure to plan is planning to fail.â⬠I have come to realize tha t those who go to bed without analyzing their accomplishments and their failures do not move forward. Therefore, I have made it a habit to analyze all that I have accomplished daily and what I have not. In addition, I have to get a reason for my failure to accomplish a certain task so that I may not repeat the mistake in future. Looking around my friends and those close to me, I get scared since I realize they do not have plans for the future. By future I mean plans for the next second, minute or day. Many of them
Earthquakes in the media Essay Example | Topics and Well Written Essays - 1000 words
Earthquakes in the media - Essay Example A good example of induced susceptibility to earthquake due to plates moving past each other is the San Andreas Fault in California (Hough 25- 27). Earthquakes are fast and unexpected motions of the earthââ¬â¢s surface and are a result of seismic forces. These forces emerge from specifit points and their immediate effects are experienced at the epicenter. Such forces also occurs in oceans, in which case they result in tsunamis. Earthquakes have adverse effects on the environment that extent to effects on human beings and their activities. Its physical destruction of structures and buildings, for example, may leads to crumbles over people and other property and therefore lead to physical injury, deaths, or even morbidity. In addition, earthquakes may destroy property and therefore create economic loss. Effects of physical injuries and associated emotional instability may also transfer the negative effects on economic activities and economic potentials. consequently, an understanding of trends in occurrence for forecasting risk of earthquakes and communication thereof is necessary for well being. Earthquake Early warning System (EEWS) is one of the tools for ensuring the well being. It ensures development of information on possible risk occurrence of earthquakes and communication of the information at the right time. the tool serves two primary roles, one of which is offering a strategy for mitigating disaster. Its key role is however to minimize associated perils with occurrence of earthquake and to facilitate proper response. The scope of EEWS involve development of information on risk of occurrence of earthquakes, assessment of the data, forecasting using the data, and communication of the predictions for coordinated response. These occurs in a sequence and an inefficiency at one stage compromises the entire system. When
Saturday, August 24, 2019
Informal Care Assignment Example | Topics and Well Written Essays - 1750 words
Informal Care - Assignment Example Management of CHF requires shared responsibilities as increasing number of CHF patients have decreased formal care provision. Informal care is an avenue that has best potential for ensuring adequate quality of life for CHF patients, and at the same time also ensuring that CHF patients get more attention than would have been possible in formal care. Clark et al (2007) survey of informal carers and their patients has pointed out that informal care givers have been able to manage and ensure adequate quality of life for CHF patients. Authors have pointed out that informal and invisibl3 care could be even better managed if the informal care givers were given basic training for recognizing and managing some of CHF symptoms. Francine et al (2002) provides enlightening statistics that in 2002 there were at least 41 million people with chronic debilitating conditions. Another issue might be increased longevity through intervention better nutrition and quality of life - thus the proportion of old people afflicted with chronic conditions is continually rising. Informal caring which may be through family or friends (and usually is honorary) has taken on increasingly important role as formal carers reduce in proportion to the chronically ill. Incidentally most of the informal care is given by women, be it daughters or sometimes wives. The toll on women caregivers is quite stressful with many women being forced to take lower paying jobs that allow them more time for. Care giving has also been known to be mentally taxing and causing emotional stress. Caregivers are more susceptible to indigestion and high blood pressure and caregivers, who care for patients with Alzheimer and psychopathological disorders, may h ave bouts of depression. Informal care givers are not given adequate governmental support and many of the services performed for ill disposed may not be reimbursable through NHA or Medicaid. Francine et al (2002) reiterate that policies should be introduced that recognize the efforts and work performed by the care givers. As care givers tend to be over 40, many of the social workers and care givers might themselves be in need of support in coming years (Francine et al 2002). Understanding Chronic Heart Failure may be important to appreciate the need for informal care. Donovan (2008) defines CHF as condition affecting older population which affects temperament and frequently is terminal. Using survey of care givers gave 3 dimensions which were important in informal care. Caring for CHF patient was frequently a shared activity and involved both visible and invisible methods of caring. The severity of symptoms determined the type and quantity of intervention requirements. The carer's lack of formal knowledge was contrasted by knowledge gleaned from experience with CHF patient. The informal care givers were cognizant of patient's mood, physiology temperament changes and could relate to these changes with corresponding requirements of more intensive care provision. The visible caring activities, managing medicine and personal care, were found to be tiring. As CHF conditioned worsened CHF patients were found to require
Friday, August 23, 2019
Criminal justice Tends Paper Essay Example | Topics and Well Written Essays - 1000 words
Criminal justice Tends Paper - Essay Example Law enforcement has revolutionized a great deal from its early practices. Intelligence in law enforcement basically depended on the dossier system which involved a collection of files of people suspected of being criminals and their accomplices, referred to as red files (McElreath et al., 2013). But there was soon increased evidence of law enforcement officers keeping files of people who had no records of criminality, hence the subsequent separation of law enforcement and national enforcement intelligence that saw the development of a more reliable intelligence-led policing. The period between 1881 and 1945, as documented by (Grant & Terry, 2005) saw the mobility of law enforcement agents increased by introduction of motor vehicle patrols and improvement of communication through use of radio and telephones. It was during the same period that identification of criminals was made effective with forensic laboratory being set, pioneering the use of polygraph, handwriting and fingerprint systems of classification. Subsequent years up to 1959 saw traffic law enforcers introduce speed violation and blood-alcohol detection instruments to detect crime. This was further boosted by computerization in the period between 1960 and 1979 and the introduction of the 911 emergency code systems. The technological advancement saw easy retrieval of data in the period after 1980. The current trend in law enforcement borrows so much from the capabilities of technology to ensure public safety in the modern highly technological environment facing transnational threats. According to Schultz (2013), crime prevention relies heavily on surveillance which has greatly improved with the use of the Geographic Information System, GIS technology for purposes of mapping the location of aliens and drug traffickers, away from the ancient push pins approach. Used together with this has been the Global Positioning Systems, GPS. The use of closed-circuit television, CCTV for public surveillance has fo und application in various public areas including airports and public buildings. Nonetheless, despite the capabilities brought by the use of such a technology, a legal debate has been raging on particularly with regard to respect to citizensââ¬â¢ privacy (Grant & Terry, 2005). To identify criminals, biometrics technology provides real-time automatic identification of individuals based on such personsââ¬â¢ behavior or physiology. These include fingerprint scanning, facial recognition, retinal scanning and DNA profiling among others. The current law enforcement system has seen greater efforts made towards developing efficient technologies to overcome barriers in information sharing across various jurisdictions. Such has seen the employment of Automated Regional Information System, ARJIS, use of cross-jurisdictional radio communications and encryption for information security. The Internet has been used by various law enforcement agencies for community policing which makes it mor e intensive than traditional policing methods. In the future, one thing is certain according to Schultz (2013); technology will continue to advance in nearly all the facets of law enforcement. Technology will be used to prevent, solve and also facilitate crimes. Following the past criminal incidences including the September 11 2001 terror attacks, law enforcement a
Thursday, August 22, 2019
The Road Taken Essay Example for Free
The Road Taken Essay Literature is the expression of thoughts, ideas, or feelings someone may have and can either be written or spoken. Often times we become part of the literature in a way to try to understand what the message is that the author is trying to provide to us. The literary work that I have chosen was a poem written by Robert Frost in 1916 titled, The Road Not Taken. There were a few reasons why this piece of literary work captured by interest and the first was that in High School we spent a week provided our analysis on this piece. It caught my interest based on the genre. Poetry is a type of literature that is open to interpretation and there is truly no right and wrong answer so it gives me the opportunity to analyze it without there truly being a right or wrong answer, I would have to back up my opinion with facts. What also caught my attention was the use of tone, symbolism, and imagination. My feelings on the tone over time have changed and I feel that the tone is more depressive. I can apply what I feel the meaning of the poem which to me means the journey we take in life and the choices we make and how we look back at them. Secondly the use of symbolism can be seen throughout the entire poem and can be applied to everyones life. Imagination can be tied with the symbolism, Robert Frost use of imagination gives the poem meaning and allows us to engage in identify with his meaning is and is trying to portray to us. One of the analytical approaches in Journey into Literature written by Clungston (2010), is a reader-response approach. It is a way to find a personal link with the poem but there is more to this approach, there are a few questions that we need to ask in order to develop a critical analysis of the work. What captured your imagination? Was it a feeling, an emotion, aà curiosity, or an aspiration? Did it involve a desire to escape a past or present association? What motivation or change did my connection with this piece of literature create in my thinking? In my relationships? What connections can I make between this piece of literature and others that Iââ¬â¢ve read? Did my ââ¬Å"connectionâ⬠reinforce things I knew or add new insights? These are the questions that need to be answered prior to proceeding with a critical analysis essay of a particular piece of literature. The poem The Road Not Taken, written by Robert Frost is a poem which consist of four stanzas that each contain fives lines. What first drew me in was the symbolism and imagination which caused me to develop a personal and emotional connection to the poem. I developed a personal connection with the poem from the first stanza. Two roads diverged in a yellow wood, And sorry I could not travel both And be one traveler (Frost, 1916). His use of symbolism can be seen in this verse meaning the decisions people make in life or the unique path we all travel in life. He then proceeds to tell us how he is thinking about his decisions prior to making it and trying to weigh the options and try to determine the outcomes. long I stood And looked down one as far as I could To where it bent in the undergrowth (Frost, 1916). In the poem Frost describes how he looks down both paths and how one looked better than the other but both are about the same. What I believe Frost is saying that both choices look good and that one may be better than the other but both have been followed. I shall be telling this with a sigh Somewhere ages and ages hence: Two roads diverged in a wood, and Iââ¬â I took the one less traveled by, And that has made all the difference (Frost, 1916). In this his last stanza he tells us that in the future he knows that we would look back and with a sigh that he took the road less traveled meaning that he made a choice that many do not make but this made all the difference. Now when I read the line I took the one less traveled by, (Frost, 1916) and I look at the title I begin to wonder why the title is not The Road Less Traveled. The poem does leave a lingering sense of melancholy mystery in my mind and I think both the sigh and title express this. I believe that Frost regrets the decision he has made this is why he would refer back to the road he did take. Also with the title The Road Not Taken, Robert Frost se ems fixated on what is down that path that he did notà take. Robert Frost has left this poem open to many different interpretations. I believe that everyone can find their own meaning to this poem based on their life experiences. Based on his use of metaphors, symbols, and imagination, he leaves the meaning open to the reader. References Clugston, R. W. (2010). Journey into literature. San Diego, California: Bridgepoint Education, Inc. Frost, R. (1993). The road not taken, and other poems. New York: Dover Publications.
Wednesday, August 21, 2019
The Impact Of How Organisational Structure
The Impact Of How Organisational Structure The organisational structure has a great influence on the people working for the organisation. The way the employees are organized and dealt with, has a noticeable influence on each employee of the organisation. If the organisation has a strong leadership, it helps other people working for it to get motivated and to be influenced by the works of leader and they eventually get boosted. This leads to the betterment of organisation and promotes more people to work for the organisation. Leadership has a direct influence on the organization, with the leadership style the organization can be moulded in the direction which is best suited for it. The surveys and researches done so far have proved that the attitude of an employee to the organization is dependent on the structure of organization. If the individual is happy with his job and show positive attitude towards the job the organization is more likely to be get benefited from it, if the employee has a negative impact then preferably th e organization gets suffer (CITEHR 2005). The organization consists of people with different nature and aptitude. Each person has its own skills and knowledge, so he is capable of handling stuff in his own way. The organization impacts the person in a way that he has to manage himself according to the needs of the organization. The person has to mould his skills to suit the requirements. Many factors are included which strengthens or weakens the ability of people working in an organization. The main factors included are adaptability; this is that how much a person can get adapted to the working environment he is going through. Then comes the social values; this explains the values which are to be maintained in order to continue the friendly employee to employer and employee to employee relation respectively (SACHING 2009). Through this the risk of conflicts can be minimised. Analyse how Organisational culture plays a vital role in employees efficiency and effectiveness. Efficiency is the time taken to do some particular task. The efficiency is when you complete your task in the minimum time. Whereas effectiveness is the height of results achieved from tasks. This is actually the actions of employees which brings about the results and helps the organization getting effective results (CHRON 2012). The organization has a great influence on both the efficiency and effectiveness of the employee. The culture of an organization particularly helps in constructing an efficient employee and it can harm the efficiency of an employee as well. So basically it has a great influence. The organizations with proper planned structures and stabled culture are more likely to bring about a positive change in their employees. If the organization has a setup which includes proper trainings, sit-ups with the manager and discussions about the relevant matter, then no doubt the organization is going to bring about efficient workers. For example the company has got and Entrepreneur resource planning ERP system installed in place, this helps employees getting in touch with each other and they can access each other directly wherever they are eventually saving time and making their work efficient. Similarly if the organization wants the best result it needs to have an effective planning of actions need to be performed in order to achieve those results. The factors that can improve the effectiveness of the employee are through having a proper individuals performance review over a specific period of time. This will help the organization figuring out the strengths and weaknesses of the employees, which should be recorded and monitored on preceding tasks. The other way to improve effectiveness is through organizing tests and tasks for employees, the results will clearly show the level of effectiveness the organization can gain from that employee that can be changed later with training in the field where employees lack, if things like these are in place then organizational culture is really improving the employee skills and will eventually get benefited. So this shows that the organization culture has indeed a great influence on the efficiency and the effectiveness of the employees working for it (CHRON 2012). Understand approaches to managing the differences between individuals that impact on their performance at work Employees behaviour at work is highly influenced by personal differences. Explain. Employees in an organization work as a team and bring about changes to the organizations. Every employee has its special character and the behaviour it possesses. Some lacks in some capabilities and others have access of some capabilities, so they make up a good team with difference in their aptitude with which they approach the tasks. The personal differences help each other in getting motivated and bring in employees the power to compete and excel in their fields. It does have a negative influence as well sometimes that employees can take one with abilities as their rival rather than following him they can just get to the worse of developing personal grudges against him. Organizations have people from different sectors and these bring about the people with different life styles and different working styles as well. To counter these differences employees work in a way so that they can manage with each and every person in the working area. The ones that are unable to manage starts getting irritated each other and may develop hatred as well. But mostly organization trained the people with fewer abilities to follow the ones with abilities to get the most out of them. This is because companies want to have a growing structure rather than destructive approach. Employees may sometimes come from different ethical backgrounds that practices things which are of bad influence to the other employees. This brings about personal rivalry in the work place. Then sometime people with different ideas trigger each other against them if the seniors listen more to one employees ideas rather than listening to all equally. So this difference in treatment can also influence the employees. Some people are in habitual to change while some are not, if the organization brings about some changes to the way it is working this is seen to be an act of decreasing the employees ability to coup up with the change as he may not like changes to the way he works. What methods management would require tackling the issues related to personal behaviour of employees at work? Support your answer with relevant organisational citation. The personal behaviour of the employees can be tackled with the following ways. The organizations should carry out the audits and equality test and check for the results through surveys that how the employees respond to each the question they have asked. Also try giving flexible hours of work so they can relax and can get fresh start when they want. Implement a strategy which stops the people from getting to personal or give them only right to talk about work issues and not of the personal stuff when they are in the work place. Companies such as McDonalds and also others such as HSBC bank and all have their own specific terms and conditions. In fact every organization has these terms which they ask from their employees to agree to it before signing for the job. This ensures that the personal rivalries and behaviour that is ignorant should not be used in the premises. To tackle such conditions the organizations should train managers and staff so they can handle the situation without creating any more stress. People sometimes makes mistake and manager should be there to tackle that as well as it is the responsibility of the manager to see to it that all the processes are in place and are running fine. The organizations should try things like friendly gathering or socializing team members so that they get to familiarize each other in a better way and can understand personal differences of each other. This method can bring the work force together and can make them realize the importance of working in a team with enthusiasm and respect. The respect factor is most important as it allows the understanding of both the position of one another in the organization as well as it is better to know on the human front as well. So these are the methods to tackle the people behaviour in work place. Understand the organisational factors that impact on people performance What is leadership? How many types of leaderships are there; and how these styles effect on individuals and teams work performance? Leadership is basically managing a group of individuals to accomplish a particular task. Leadership can be of basic school level for making simple science projects and it can be of government level for running a developed state. So all group tasks involves leadership but of different types. The recent leadership studies and theories give description of the leaders through their traits. This also includes use of power to achieve an objective. In this description the leaders are figured out as autocratic, bureaucratic, democratic and charismatic (ALA 2010). Autocratic: Autocratic is the kind of leadership which involves one man taking decision for the entire group. These decisions are kept to the leader only and the other team members only get orders by the leader to do what they are assigned to do. The main decisions are all centralized and only leader has the authority to govern the team as he wants. This is taken as one of the good leadership style because one person has to make every decision which is efficient and it provides motivation to the person as well (WIKIPEDIA 2012). Bureaucratic: Bureaucratic is almost of the same kind like autocratic but it relies mostly on making policies and bringing out objectives and strategies as described in the policy that has been made. These leaders work as dictated in the policy, which has all points mentioned and written properly. So its a direct message to the other members that they need to follow what has been told them and they cannot make any changes to it. This type of leadership sometimes demotivates the people in the group as if some point is harsh or strong which members resist following blindly (ALA 2010). Democratic: Democratic is in which all members get chance to put forward their decisions. It is not only dependent on the leaders decision but the leader asks the members about the issue and they suggest solutions which are then dealt with to get the best possible results. This democratic leadership is also referred as shared leadership which is because of the distributed decision making power rather than centralized decision making power. So this type of leadership motivates team workers as their suggestions are considered as well (WIKIPEDIA 2012). Charismatic: This is considered to be the best and the successful leadership. This brings on the creativity and allows bringing new and innovative ideas in practice. These types of leaders have long sightedness and a vision which let them govern the group with enthusiasm and motivation. This leadership is based on the personality of the leader and one compete another to come in front, so this brings on the chances for the most efficient person to come as a leader of the other hence bringing strength in the organization. The members get influenced and bring about positive results in the organization (ALA 2010). These are the given ways of leadership and everyone has its own influence on the members and the performance of the team is affected differently in all of these types as mentioned above in the respective leadership style. Explain the benefits of flexible working practices to individuals and organisations. Flexible working practices have so many benefits to both the individuals and the organizations. Through flexible working the individuals get convenience, as they can work at the time which is most suitable to them. The flexible working allows people to work in different places together, as you can give time to other activities as well. Organizations on the other hand also get benefits from these flexible working practices as they can ask for the staff at the time when they require the most work. Also this allows reducing costs in form of wages of individuals and also reduces the wastage of time people will have in organization when they have no work. Most organizations prefer people who work part times as this helps them getting fresh labour after few working hours and more individuals can get employment through this. The budget also goes down from this technique. Flexible working also brings about convenience in a way that people can work from their homes and can still be the part of the organization. The terms which come under flexible working practices mainly are job-sharing, flexi-time, career breaks, term time working and compressed hours. These all terms are of benefits to organizations and individuals both, individuals can make use of their time properly and organizations can reduce their budget from these practices (FRESH 2009). Flex time is a term used to define the time which is fixed for people of a state to do their job. Like for many countries it is 9 am to 5 pm at which the most of the people go to work and rest of the time they can utilize in whatever activity they like, which can be getting entertained with family or working for some other organization as a part time to get more earning. These all are considered the practices which can be classified under the flexible working practices. Using motivational theories assess how the working environment impacts on people performance. There are so many motivational theories, which assess the working environment on people performance. These include: Instinct Theory of Motivation: This theory suggests that people in an organization is trained to behave in certain special ways which are required for the organization. This theory is based on the fact that people already possess some qualities which are evolutionary and those are needed to be polished and changed in a way to suit ones own requirements. Incentive Theory of Motivation: The theory suggests that people are given motivation by letting them know that they will be rewarded for doing the good work. The impact this have on people is in a way that the for the reward the people try working at their best and in this way organizations get best results out of their employees. Drive Theory of Motivation: This theory is about the motivation of people in a way that people are motivated to do some particular actions which helps reducing tensions that are the reason of some unfulfilled needs. This theory is basically relying on biological component, like hunger and thirst. So this motivation is all about peoples psychological needs. Arousal Theory of Motivation: This theory shows that the people motivates by certain actions which brings in them a certain level of arousal that they can manage by increasing or decreasing as well. The organization can bring in its employees an arousal that motivates them to work at their best. Humanistic Theory of Motivation: This theory suggests that the people already have in them strong cognitive abilities to do different actions. This describes about people getting motivated to perform actions which fulfil their needs first the basics ones and then the other important needs. Basic needs as hunger thirst and all and other needs of living well in the world so they gets motivated to do work. (PSYCHOLOGY 2012) (WIKIPEDIA 2012) Organisational ethical practices highly influence employees motivation level. Make an assessment with relevant application on McDonalds. Organizational ethical practices do influence the employees motivational level. McDonalds have some basic code of conducts which the employees need to follow in order to maintain a good and healthy environment in the work place. The employees responsibilities involve treating everyone equally at the work place. Managers and supervisors have their own place so treat them with respect and provide them with whatever service they ask for. This ethical practice promotes respect as well as the ability to produce efficient results. Also in McDonalds the employee is not allowed to harass the other employee, it is the responsibility of everyone to make sure that the environment remains calm and friendly. No one should abuse one another and no one is eligible to say about other persons appearance or abuse other in anyway. The employees are considered to be the ambassadors of the company and they are expected to work and behave as such to make sure the organization is getting benefitted from this. These practices and responsibilities allow the employees to get motivated and work in a friendly and well managed way. So that no one feels offensive and degraded from each other. Everyone is placed at the same level and receives equal importance this ensures that the people working in the organization gets what their right is and no one will be treated badly. During training every employee has given special instructions, so they are told not to use any of companys assets for personal use. Also the computers should not be used for personal reasons. The employee has got the responsibility not to harm the company reputation in any case so he is eligible to consider the organization as its own. This ethics of McDonalds help the business grow and produce quality service with the motivation of employees that they give (EHOW 2012). Evaluate how organisations use their corporate social responsibility agenda to motivate employees. Corporate social responsibilities, CSR is a policy with which organization looks towards its bindings with the law, ethical standards and different international norms. It is a process to bring about encouragement in a positive way to the company through the practices that defines the basics of the company. This policy helps the employees get motivated and work accordingly to bring about the positive change. CSR helps identifying the company aim and mission and helps also in providing their customers with good experience. This policy contains all the possible and feasible structured points to enhance business out of scope and can bring about the best results. This agenda signifies the treatment of the company with employees, consumers and stakeholders so in a way it helps in the dealing with the different links attached to a company. The benefit it has on the company is very much impressive and attracts the employees with providing them motivation of working hard and up to some noticeable standards. CSR has different approaches and they are all for the organization to provide good services. One approach is incorporating CSR directly in the business strategy. This is all about fair trading and this gives company an edge. Another approach is the increase in corporate responsibilities. This brings about CSV, which is creating shared value, this model illustrated that the corporate wellbeing and social welfare depends on each other. Companies make sure to make a policy which motivates employees and enhance business structure as well. This is how they can organize a strategy that helps them working on the defined pattern. Employees motivation are most important as this is the only possible way of getting profitable business if the employee will not be satisfied then he will not be able to work up to the mark to produce sufficient results (WIKIPEDIA 2012). Understand methods for developing human resources Apply Maslows theory of motivation to develop people in any organisation (or organisation of your choice). Maslows theory of motivation suggests that people gets motivated according to their needs. Maslow divided the needs of people in pyramidal structure starting from the basic needs which makes the base of the pyramid. He suggested that basic need of a person such as food, water, sleep, and homeostasis are the ones which should be satisfied to make him motivate to work for his satisfaction and so on to fulfil other needs. HSBC is a bank which has a strategy of motivating its employee with the rewards. The first thing that comes up is the basic needs of the employee which is fulfils through the wages they get and can live, eat and sleep well. Others can be achieved as the employees shows interest in the organization and motivated him to get the best possible work which brings about the promotions and all. The Maslows theory divides the structure on 5 parts, which are physiological, safety, love/belongings, Esteem, and self-actualization. These are the stages through which a person develops motivation and work hard. Human resources are the main thing which companies need to fulfil; this is so with the HSBC they look towards their employees as well as their clients. If they satisfies the employees this in turn results in the satisfaction of the employees. Give people their basic needs, safety of life and way to live a friendly life in a healthy environment and this will help them get motivated to do their work with interest and satisfaction. If these d-needs as Maslow called it the deficiency needs will not be fulfilled the person cannot be able to work for the organization and will change it by getting negative influence from it. Human brain works in a way that it can relatively generates the all or multiple level of pyramid hierarchy at the same time. So this can motivate to the highest level when the needs be fulfilled at the same time (WIKIPEDIA 2012). Explain the different uses of coaching and mentoring in organisations. Coaching and mentoring is a technique used to make both the clients and the people involved make use of their full potential. Coaching is where a person trains the other to make them work best to its potential. The coaching can bring about the abilities which a person lacks. Whereas mentoring is also considered to be of the same kind that is guiding a junior to work in your position or to get him the skills that can make him work ahead. In an organization these techniques are used in many ways such as by questioning the client you can bring about the desired structure of the product he is looking for and you can then identify solutions from approaching the query. Also organizations apply techniques which included one to one training. This helps getting face to face understanding of each other. This also encourages people to practice in the field of competence where they feel reluctant and then come up with better performance, this can be achieved by the practice and only practice makes a man perfect. Coaching and mentoring provides employees skills where they lack and help them make their deficiencies into their strengths. With coaching one can achieve the goal which he is capable of achieving but is lacking behind due to some minor irresponsibility. These techniques help covering up those gaps and organization gets benefits with the employees they train for specific purposes. One thing which needs to be kept in mind is that the individual should achieve it in a positive way and develop skills rather than getting dependent on the coach or the mentor. If this will happen the individual will get a negative influence and that will be a disadvantage to the organization. These are the uses which an organization can have from techniques like this (WALES 2012). By investing large amount of money in employees training and development programmes, organisations strategically meet corporate objectives. Analyse comparative benefits (individual and organisational) of TD programmes within organisations. These training and development programmes are very much important to the organization betterment and success. The organization needs to spend money in these programmes in order to achieve corporative benefits. The outcome indeed will be greater than the spending. As if they will spend on training staff the trained staff will yield out better performance which is the basic requirement of the organization. If an organization does not spend on the training and development of the company they definitely cannot make progress and this will stop them from going forward in the competitive world. The large organizations such as banks have their staffed trained on regular basis so that to avoid any of the lacking which the employees may possess. In this way spending funds on training can make them get high benefits over the end, which can be clearly visible in the revenue that generates. The benefits which the organization gets are in many different forms. These can be either in the form of good client to employee relationship which helps encouraging more clients to get involved in the service that are offered by the company. Also they can get benefits from the other competitors in having trained staff which knows everything and is up to date with the latest development and technology. The TD programme makes the basis of the organization growth. Funding this is the major spending of many companies. As to gain something you need to spend something and this is from where they can gain the ultimate high performance. Without training the organization cannot make better decisions. The benefits also includes advanced used of ERP systems, trained personnel to operate it, high productivity, time can be saved as results and procedures will be more efficient. Advanced gadgets can be used rather than old traditional ways. For example in banks instead of queuing up and wait for your turn you can go and deposit amount directly in the pay-in machine, which saves time. The employee gets confidence through these trainings and feels more confidence when they talk to the customers and the other fellow members of the organization. People might take it as a difficult task and a responsibility other than their job to get this training and hesitates to attend and get the training, but they can be made reluctant by offering extra incentives so that they can come and get the training without any reluctance and hesitance. Managers should get the special training which is different than of the other employees. All staff members need to be trained at specific levels and then they should be given a task to see whether they can fulfil it. These benefits are long termed benefits as the company not only makes profit at the front face to face communication but the technology they are learning can bring them so much to know for the future use as well. Companies can enhance and expand their businesses out of the countries and can multiply with the advanced and developed procedure they have to follow. These are the benefits which they can avail from TD, so it is good to spend on such process. Be able to review how people are managed within organisations People management strategies. The strategy which involves management of people in an organization is known as people management strategy. this strategy enables an organization to work for better results by managing people according to their skills and requirements. The company has to look to this that the individual which is chosen for a job is best suitable for that place if not he should be given other responsibilities. In this way the company allows to get the room for making progress. These strategies need to be in placed as to avoid any circumstances of situation which will arise due to mismanagement of people or human resources. So people management strategies must be in place within developed organizations. Impact on people of management strategies used. The individuals do take impact from these strategies. These impacts can be identified such as if the individual is placed in the position which is best suited for him he definitely would work best to his aptitude as that position is best suited for him. His skills will replenish more in that place and he will eventually get the best outcome for the organization, which at the end going to make profit out of it. Also management strategies help people remain under influence of a leadership as the employee knows that he has to follow these specific procedures which is defined by the higher management so all the points and duties are made clear to the employees. In this way all the work gets handled perfectly without any hap hazards. Sometimes people get a negative impact as well and think that they have the potential of working in a higher place and they have been given a wrong position to work at in such a situation they get demotivated towards their work and sometime can produce losses to the organizations as well. In these kinds of scenarios management needs to handle them with the tests on the basis where everyone is given equal rights and whoever succeeds will get the position and will be able to work at it. Through these strategies people feels a sense of responsibilities on their shoulders and they think of themselves as the stakeholders and work like as they are working for themselves and are making profit for their own good not for the company. This thinking should be in the employee mind so that the potential they have can be bring out and the organizations can make it work in the best possible way. These can be the impacts which people mostly gain from the management strategies when it gets implemented on them. Recommend strategies to support high levels of performance. Implementation of right strategy helps an organization from getting out of financial crises or any kind of crises they are facing. The strategies which support high performance includes two way communications, this is the communication between the employee and the manager or the CEO. If the communication gap will be low and the meetings or lectures will be done on regular basis this will help the employee get to know the strategy of the companys stakeholders and through this they can put their potential to work in a better way. The other strategy could be strengthening employs engagement to work; this can be achieved by giving training in a field where he lacks and by also making him understand the situation through which the company is going in order to make him work accordingly to achieve the targeted results. The employee can be motivated and engaged more towards work if he will receive incentives and rewards for doing the job he is responsible for. In such situations the companys sets up a strategy of getting this much targeted clients in return the employee get reward for doing his job well. The strategy which is most important is that the managers and leaders should have the skills and knowledge of dragging the situations out of the uncertainty. This is very important, for example if an organization is getting towards the verge of destruction the manager should have skills so to avoid the loss and can be able to manage to the extend where the company has to face the minimum loss. This strategy can help enable the performance level which can in any case save the organization from having a down fall. All the responsibilities finally come to the shoulders of the manager so this is the position which should be offered to the highly competent individual who has the courage to face all even and odds. These are the strategies which can bring about high level of performance from individuals and from the management as well (PACONSULTING 2012).
Tuesday, August 20, 2019
Relationship between Foreign Direct Investment and Growth
Relationship between Foreign Direct Investment and Growth Chapter 1: INTRODUCTION This study will give us an opportunity to identify the determinants of FDI that develops economic growth, to understand the importance of foreign direct investment (FDI) in enhancing the economic growth in Malaysia, and also the relationship between (FDI) and the economic growth in Malaysia. In this chapter of study, the main focus will be on research background, research objectives, research questions and also the significant of study. Research Background 1.1.1 The Trend of Foreign Direct Investment (FDI) Flow in Malaysia The relationship between the growths of FDI with countries has been a debatable issue for several decades. This has become an eye opener which agreed by (Karimi, Sharift and Yusop, 2009, p.2) which drive policymakers to engage in incentives such as export processing zone and tax incentive in order to attract FDI. However, the determinant of FDI in each country is different and failure to understand how a specific country can attract FDI will bring difficulties to changes in economy. In the case of Malaysia, in 2007 the economy was ranked at 29th largest economy in the world with gross domestic products that worth to be $357.9billion (World Bank, 2007). Despite the impact of many externalities such as, oil crises in 1970s, to downturn in electronic industry in 1980s, and majorly impact the Asian financial crisis in 1997s. According to (Ministry of Finance, 2006) the growth of economy in Malaysia was consistent from 1988 to 1996 and maintain the economic annual growth of 7-10% per annu m, by the year 2005 the main source of growth was the manufacturing sector whose share of GDP increase to 31.4 percent. The key driver for the ongoing performance of Malaysias economy is the result of policy reform which is a determinant Foreign Direct Investment (FDI) which enhances the economic growth of Malaysia. The evidence here can be seen by (Ministry of Finance, 2001) introducing the Investment Incentives Act 1968, free trade zones in early 1970s, and export incentives with open policy in 1980s has led to an establishment of FDI in the 1980s. One good example to show that the government has use policy as a determinant of FDI would be, The Promotion of Investment Act (PIA) 1986 which gave a larger percentage of foreign equity ownership in order to attract FDI to enhance economy of Malaysia. This graph illustrates the FDI inflow from 1970-2004 in Malaysia. This research shown that (Har, Teo and Yee, 2008, p.12) FDI stock in Malaysia grew tremendously from 1970s to 1990s, despite fluctuation between the years, and the growth of FDI has been promising from $94 million dollars in 1970s to $2.6 billion by 1990s. Unfortunately, in the early 1990s, the rate of FDI inflow has decrease because of the slowdown investment in Malaysia by two main sources of investors which is Japan and Taiwan. As of 1996, the FDI rate (Har, Teo and Yee, 2008, p.12) has reach its peak when Malaysia successfully accumulated $7.3 billion dollar, by the end of 1998. There has been a major reduction in FDI inflow due to the financial crisis in 1997 that affected many Southeast Asia countries. Unfortunately, by the early 2000s the inflow of FDI in Malaysia has been unpredictable and inconsistent, but still manages to generate average inflow of $3billion per year. In 2007, Malaysias inward (FDI) performance index has reduce compared to the inward (FDI) potential index which shows that Malaysia lack the capability to attract foreign investors in this recent years as seen in table1, and the key factors is because neighboring countries such as China, and India has much more attractive offers such as lower labor cost that make their business more efficient. Since the inflow FDI has been decreasing, Malaysia was ranked 71 in 2007. The table above explains that inward FDI inflow in Malaysia were only US $ 8,043 million and it was only 2.6% of total inflow of FDI to Asia and by that time China has possesses the share of as much as 26.05%.(World Investment Report, 2008) The conclusion can be made here is that Malaysias reduction inflow of FDI is mainly because their incentive are becoming less competitive compared to other countries in Asia. Problem Statement FDI is strongly recommended to achieve consistent economic growth and resulting in modernisation in industrialisation and raise the living standards of the society. There are many determinants regarding FDI and based incentive policy is one of them. Research shows that (Lam and Liew, 2009, p.435) 2 main assumption of this incentive are that high monetary incentive allows FDI to be attracted easier and high inflow of FDI might lead to higher economic growth. Unfortunately, incentive is not necessary monetary-based like tax exemption but can be a long term relationship that seeks for mutual benefits of both sides. The evidence can be seen that the total inflow of FDI into the region of South East Asia, East Asia and South Asia has increased by 15% to USD 165million in 2005 but for Malaysia despite the fact that many monetary based incentives is provided, Malaysia still experiencing a decrease in foreign direct investment. (Tomlinson, Abdullah, Kolesnikov and Jessop, 2006) In 1990, Mala ysia was ranked 4th in the world for FDI, but was ranked 62th in 2005 and recorded negative inflow of net foreign direct investment in the year 2007 More attention should be given by government, researchers and policy makers to identify the problem and produce the solution that can stimulate the FDI in Malaysia. Much research has been done to stimulate FDI, but a lot lesser research has been carried out considering international relations because mostly focus on microeconomic aspect of domestic firm performance. It is very important for foreign investors to gain confidence to invest in Malaysia, hence enhance the economic growth in Malaysia. More research should be done to determinant other determinants of FDI in order to develop the performance of economy in Malaysia. It is very important for more research to be done on FDI with international relation in order to identify the determinants of FDI that can stimulate the economic growth of Malaysia and not on incentive that only focuses on profit maximization of one sided benefits. Research Objectives The objective of carrying out this study is as below: To review the determinants of FDI that is affecting economic growth in Malaysia To analyze the relationship between FDI and economic growth in Malaysia. To evaluate some policy actions related to increase the inflow of FDI in Malaysia. Research Questions This study is conducted to address the following research questions: Do the determinants of FDI inflow affect the economic growth in Malaysia? Will relationship with FDI result in bloom of economic growth in Malaysia? How policy actions can increase the inflow of FDI in Malaysia? Chapter 2 : LITERATURE REVIEW 2.0 Introduction In this section, a review of literature will provide us with a better understanding of the determinant of FDI and the growth of economic in Malaysia. This chapter focuses on the empirical studies on the role of FDI in the economic growth of host countries. Furthermore, a conceptual framework of these variables will be provided. 2.1 Review of Literature 2.1.1 Foreign Direct Investment (FDI) Foreign Direct Investment (FDI) has associate with many leading roles in development of host countries such as source of capital, new job opportunities, diffusion of new technology into country, and develop overall economic growth of host countries. Empirical studies have been carried out to show the relationship between FDI and economic growth while others focuses more on the causality of these two variables. Different methods are use by research to find out the determinants of FDI and the relationship it has with economic growth of host countries. By using cross-section data and OLS regression, Balasubramanyam (1996) found out that host countries that impose export promoting strategy produce positive growth of FDI on the economic growth but this does not apply to host countries as imposes import substitution strategy. Cross-sectional data has also conclude that high level of institutional capability which measured by degree of property right protection and bureaucratic efficiency in host country leads to a positive effect of FDI which enhances the economic growth of host countries. (Olofsdotter, 1998) In the work of Borensztein, et al. (1998), they utilize the cross country regression framework to analyse the effect of FDI on economic growth. They use the FDI flows data from industrial countries to 69 developing countries for the past two decades. Their research provided essential information that shown FDI plays an important role in diffusing new technology in host countries, and relatively boost overall economic growth rather than domestic investment. According to another research on (Borensztein et, al.1998) developing economies which focuses on the diffusion process of technology and economic growth, they found out that the positive impact of FDI on economic growth is highly dependent on the availability of human capital in the specific host country. De Mello (1999) uses both time series and panel data fixed effects for a sample of 32 developed and developing countries to study the relationship of FDI and economic growth. However, he only found out little result showing positi ve effect of FDI that affects the economic growth of host country. There are also other research that focuses on the causality between FDI and economic growth. Zhang (2001) and Choe (2003) use co integration and Granger causality test for a sample of 11 developing countries in East Asia and Latin America. Zhang (2001) found out that 5 cases that shows enhancement of economic growth but the condition of host country is important, so factors such as macro stability and trade regime must be attractive to attract FDI in host countries. Through the research of Choe (2003), the finding of casuality between FDI and economic growth shows that FDI is dependent on the economic growth of host country and not the other way around. Little evidence was shown that FDI enhance the growth of economy, but mainly supports that rapid economic growth enhances the FDI inflow into the country. Chowdhury and Mavrotas (2003) use innovative econometric methodology to identify the causality of FDI and economic growth. The research was done using time series data from 1969 to 2000 for three developing countries that are Malaysia, Chile and Thailand. Each country involve with different background of determinants of FDI such as macroeconomic episodes, growth patterns, and policy regimes. Their study found out that GDP was the cause of growth of FDI in Chile, but it does not go the same with Malaysia and Thailand which has strong evidence of bi-directional causality of these two variables. In the case of Frimpong and Abayie (2006), In the research (Bengoa and Sanchez-Robles, 2003) by using panel data to study Latin America between the relationship of FDI and economic growth, they found out there is a positive impact of FDI that lead to increase in economic growth but the research is similar to Borensztein, et.al, (1998) that says economic development depend on the countrys stability condition. Finally, Duasa (2007) which focus on the causality between FDI and output of economic growth in Malaysia and the study found no evidence of relationship between FDI and economic growth. These has indicate that in the case of Malaysia, FDI does not cause economic growth but FDI contributes to stability of growth as growth contributes to stability of FDI. In order to understand the determinants of FDI more accurately, we can see through research done by Vernon (1966) by using product cycle hypothesis which relates to trade theory by Hufbauer (1966). The theory is about the relationship between investment theory and trade theory by using products as they are export or invested. They found out that competition prices in host countries drives foreign investors to seek cost advantages especially labour cost. This shows that innovation of countries to attract FDI is important to improve economic growth. 2.1.2 Economic growth in Malaysia Export growth can be considered as the most researched determinant factor of (FDI) in economic growth. According to Chow (1987, p.124), the export growth of development countries can be identified through the impact of increase in countrys income, non-export production of goods, resource allocation, and capital efficiency, ability in handling external shocks, negative external effects and also total productivity factor. Therefore, research has shown export strategy has been an effective factor in enhancing the economic growth of developing countries. Furthermore, these countries have also testified that export promotion is an effective development strategy (Jung and Marshall, 1985). However, export strategy is not the main determinant factor of FDI that promotes economic growth. According to Ahmand and Harnhirun (1996) research, by using time data series from 1966 until 1988 to determine whether export is the main (FDI) factor that affects countries economic growth on industrial countries like Malaysia, Philipines, Singapore and Thailand, they found out that economic growth and export is dependent on development of countrys policy, and also economic development causes export growth not the other way around. In order to (Alfano et.al, 2004) identify the relationship between FDI, financial market, economic growth and also to find out whether countries with better financial systems are able to exploit FDI effectively. An empirical analysis was done by using cross country data from 1975 to 1995 which concluded that FDI played a leading role in contributing to economic growth in 71 countries which means countries with good financial market are able to take advantage of opportunity offered by FDI. Li and Liu (2005) studied whether FDI affect economic growth by using single and simultaneous system of equation techniques to test these two variables. Their research found a significant relationship between FDI and economic growth which identified, Human capital has indirect interaction with FDI that leads to positive impact on economic growth in developing countries, whereas countries with insufficient technology knowledge will have significant negative impact on economic growth in developing countries Another study done by Hsiao and Hsiao (2006) using panel data and time series from 1986 to 2004 to identify Granger causality between GDP, export and FDI among China, Korea, Taiwan, Hong Kong, Singapore, Malaysia, Philippines and Thailand found out that FDI has direct one way effect on GDP and indirect effect through export. There was also bilateral causal relationship between export and GDP. Lastly, study done by Baharumshah and Thanoon (2006) using quantitative assessment found out that FDI effects economic growth both long-term and short term in the host countries. Their research has also shown that countries that are able to attract inflow of FDI successfully can generate more investment which leads to faster overall development of economy, hence FDI is a major contributing factor in the economy of East Asian countries. Ang (2007) use annual time series data from 1960 to 2005 in order to find out the determinants of FDI in Malaysia found out that GDP growth had a significant positive impact on FDI inflow. 2.2 Theoretical Framework Foreign direct investment (FDI) Independent variable Dependent variable Technology advancement Economic growth in Malaysia Human Capital Policy development Social GDP 2.2.1 Analysis path This framework is to understand the research of the two variables in the case of my research proposal, foreign direct investment (FDI) is the independent variable and economic growth in Malaysia would be the dependent variable. The purpose of this research proposal is to understand the relationship of FDI and economic growth in Malaysia. In addition, Malaysia can implement different FDI contributing factor that can enhance economic growth in the country. The analysis here is about the determinants of FDI and it interests me in which Malaysia can implement and make FDI more attractive to be invested by foreign firms. In this analysis, the information accumulated should provide the key determinants of FDI at the same time enhance the development of economic growth in Malaysia. Chapter 3: METHODOLOGY 3.0 Introduction This section describes the research methodology use in the study to access the relationship between FDI and economic growth in Malaysia. Simple ordinary least square (OLS) regression and the empirical analysis are done using annual data of FDI and economic growth in Malaysia over the 1970-2005 periods. The research was done using annual data from IMF international Financial Statistic tables, published by International Monetary Fund to find out the relationship between FDI and economic growth in Malaysia. 3.1 Data 3.1.1 Data Resources According to Romano (2004), primary data can be define as data that is collected specially for the purpose of answering research question, while secondary data can be define as existing data collected in order to answer different research project. Secondary data was chosen for this research because it is less expensive compared to primary data, and takes less time to collect data that is needed for research. (Romano, 2004) Secondary data has made information far easier to be obtain by interpreting information from primary data and published them through secondary resource such as newspaper, journals, books, internet, and also research reports. () The existence of secondary data happens when a project needs the collection of data that has already been research in order to further understand the research question on a new project That is why secondary data is essential in order for us because it provide us with the knowledge to form research design and also answering our research quest ions in a more in depth scale. 3.1.2 Data Analysis Procedure In order to complete this research proposal we have mainly use secondary resource such as journals, websites, books, and also research report. Secondary resource has provided us with the information needed at the same time save us time and cost. KBU International College has provided us with books that contain the information needed for us to make references for our research topic. Internet network has been a major contribution by using the Google Chromes search engine we are able to obtain various journals and reports from websites that allows us to make reference and understand our research objectives. Emerald website in particular by using Anglia Ruskin University account has granted us the access to various journals that are easy to obtain without any hassle. The usage of less text book is because the library has insufficient information needed to answer our research questions. 3.2 Hypothesis Null hypothesis H0: FDI is not important for transporting advance technology to enhance host country economic growth. Alternate hypothesis H1: FDI is important for transporting advance technology to enhance host country economic growth. Technology advancement is essential in developing economic growth because it produces skilled labor that will enhance productivity and satisfying demands from consumer. According to Easterly et al. (1995), technology transfer depends on the diffusion process and can take place in 4 forms which is transfer of new technologies and ideas, high technology imports, foreign technology adoption and also level of human capital. Diffusion process of technology into host countries can be different depending on the human capital and availability of technology in the country itself. Example, study made by Borensztein (1998) on developing economies concluded that FDI has positive economy growth but the effect of magnitude depends on the availability of human capital in the host country. This clearly shows that advance technology is very important to enhance economic growth at different level of diffusion growth. Null hypothesis H0: Economic stability is not important to attract FDI into the country Alternate hypothesis H2: Economic stability is important to attract FDI into the country Many countries should pay more attention to economic stability in order to attract FDI which can enhance economic growth. With a stable economy it portrays a positive image and good economic positioning, which in turn attracts foreign investors to invest and generate profit from the investment made in the foreign country as a guaranteed. Therefore, determinants of economic stability should be given attention, the determinants are such as exports, and government expenditure, domestic consumption, and exchange rate that should be manage well by government. According to the research done by Kogid,et.al,(2010) , the most important determinant of economic stability in Malaysia is export and consumption expenditure. Their study also found out that government expenditure and exchange rate are less effective on economic growth but it does not mean it should be ignored but these factors can be act as catalyst and complement factor of economic growth. Null hypothesis H0: Implication of policy does not promote economic growth. Alternate hypothesis H3: Implication of policy does promote economic growth Implication of policy reform is important to draw attention of foreign investment. Policies to promote growth have evidence but it does not work for other countries. This can be seen from the study made by Ahmad and Harnhirun (1996) which studied on new industrial countries such as Indonesia, Malaysia, Philipines, Singapore and Thailand that found out export and economic growth dependent on development of policy. Therefore, government should impost relevant policies to attract FDI into Malaysia. Example, policies like joint venture which give opportunities to domestic producer to become one with foreign investors. This way will benefit local partner as they have exposure towards technology. 3.3 Limitation Theoretical framework of FDI that is use to analyses the FDI determinants and economic growth in Malaysia could have been done more accurately with more secondary resources. Firstly, KBU International College provides insufficient books that have relation with this research topic. However, KBU does provide student with the account to access Emerald websites that contains many research journals and reports that is very convenient for our research topic. In addition, some determinants of FDI in the theoretical framework were not taken into consideration because there has been insufficient research done on some determinants of FDI that affects economic growth in Malaysia. As a result, this research is not entirely completed to reflect the full extent of FDI on Malaysias economy growth. Since this research is mainly dependent on opinions of researchers around the world, this may lead to inaccuracy of research because they might disagree with research and opinions done by other authors around the world. 4.0 Ethical Consideration Before the research is done, respondents will be notified regarding the aim, benefits and purpose of the research is conducted and the method that is engage to carry out this research so that respondent will be able to understand the reason of caring out this research and the potential hazard level of this research. There are also no pressure of any kind shall be force for individual to become subject of research. In addition, respondents have the permission to withdraw or terminate from participating and becoming subject of the research. These are the ethical action taken so that there will be no violation of human rights. The identity of respondents from who involves in the survey is strictly confidential and shall be discarded once research is completed unless permission is granted by respondents for publish sake. No information of respondents will be revealed and included in the final report. Relationship between Foreign Direct Investment and Growth Relationship between Foreign Direct Investment and Growth Chapter 1: INTRODUCTION This study will give us an opportunity to identify the determinants of FDI that develops economic growth, to understand the importance of foreign direct investment (FDI) in enhancing the economic growth in Malaysia, and also the relationship between (FDI) and the economic growth in Malaysia. In this chapter of study, the main focus will be on research background, research objectives, research questions and also the significant of study. Research Background 1.1.1 The Trend of Foreign Direct Investment (FDI) Flow in Malaysia The relationship between the growths of FDI with countries has been a debatable issue for several decades. This has become an eye opener which agreed by (Karimi, Sharift and Yusop, 2009, p.2) which drive policymakers to engage in incentives such as export processing zone and tax incentive in order to attract FDI. However, the determinant of FDI in each country is different and failure to understand how a specific country can attract FDI will bring difficulties to changes in economy. In the case of Malaysia, in 2007 the economy was ranked at 29th largest economy in the world with gross domestic products that worth to be $357.9billion (World Bank, 2007). Despite the impact of many externalities such as, oil crises in 1970s, to downturn in electronic industry in 1980s, and majorly impact the Asian financial crisis in 1997s. According to (Ministry of Finance, 2006) the growth of economy in Malaysia was consistent from 1988 to 1996 and maintain the economic annual growth of 7-10% per annu m, by the year 2005 the main source of growth was the manufacturing sector whose share of GDP increase to 31.4 percent. The key driver for the ongoing performance of Malaysias economy is the result of policy reform which is a determinant Foreign Direct Investment (FDI) which enhances the economic growth of Malaysia. The evidence here can be seen by (Ministry of Finance, 2001) introducing the Investment Incentives Act 1968, free trade zones in early 1970s, and export incentives with open policy in 1980s has led to an establishment of FDI in the 1980s. One good example to show that the government has use policy as a determinant of FDI would be, The Promotion of Investment Act (PIA) 1986 which gave a larger percentage of foreign equity ownership in order to attract FDI to enhance economy of Malaysia. This graph illustrates the FDI inflow from 1970-2004 in Malaysia. This research shown that (Har, Teo and Yee, 2008, p.12) FDI stock in Malaysia grew tremendously from 1970s to 1990s, despite fluctuation between the years, and the growth of FDI has been promising from $94 million dollars in 1970s to $2.6 billion by 1990s. Unfortunately, in the early 1990s, the rate of FDI inflow has decrease because of the slowdown investment in Malaysia by two main sources of investors which is Japan and Taiwan. As of 1996, the FDI rate (Har, Teo and Yee, 2008, p.12) has reach its peak when Malaysia successfully accumulated $7.3 billion dollar, by the end of 1998. There has been a major reduction in FDI inflow due to the financial crisis in 1997 that affected many Southeast Asia countries. Unfortunately, by the early 2000s the inflow of FDI in Malaysia has been unpredictable and inconsistent, but still manages to generate average inflow of $3billion per year. In 2007, Malaysias inward (FDI) performance index has reduce compared to the inward (FDI) potential index which shows that Malaysia lack the capability to attract foreign investors in this recent years as seen in table1, and the key factors is because neighboring countries such as China, and India has much more attractive offers such as lower labor cost that make their business more efficient. Since the inflow FDI has been decreasing, Malaysia was ranked 71 in 2007. The table above explains that inward FDI inflow in Malaysia were only US $ 8,043 million and it was only 2.6% of total inflow of FDI to Asia and by that time China has possesses the share of as much as 26.05%.(World Investment Report, 2008) The conclusion can be made here is that Malaysias reduction inflow of FDI is mainly because their incentive are becoming less competitive compared to other countries in Asia. Problem Statement FDI is strongly recommended to achieve consistent economic growth and resulting in modernisation in industrialisation and raise the living standards of the society. There are many determinants regarding FDI and based incentive policy is one of them. Research shows that (Lam and Liew, 2009, p.435) 2 main assumption of this incentive are that high monetary incentive allows FDI to be attracted easier and high inflow of FDI might lead to higher economic growth. Unfortunately, incentive is not necessary monetary-based like tax exemption but can be a long term relationship that seeks for mutual benefits of both sides. The evidence can be seen that the total inflow of FDI into the region of South East Asia, East Asia and South Asia has increased by 15% to USD 165million in 2005 but for Malaysia despite the fact that many monetary based incentives is provided, Malaysia still experiencing a decrease in foreign direct investment. (Tomlinson, Abdullah, Kolesnikov and Jessop, 2006) In 1990, Mala ysia was ranked 4th in the world for FDI, but was ranked 62th in 2005 and recorded negative inflow of net foreign direct investment in the year 2007 More attention should be given by government, researchers and policy makers to identify the problem and produce the solution that can stimulate the FDI in Malaysia. Much research has been done to stimulate FDI, but a lot lesser research has been carried out considering international relations because mostly focus on microeconomic aspect of domestic firm performance. It is very important for foreign investors to gain confidence to invest in Malaysia, hence enhance the economic growth in Malaysia. More research should be done to determinant other determinants of FDI in order to develop the performance of economy in Malaysia. It is very important for more research to be done on FDI with international relation in order to identify the determinants of FDI that can stimulate the economic growth of Malaysia and not on incentive that only focuses on profit maximization of one sided benefits. Research Objectives The objective of carrying out this study is as below: To review the determinants of FDI that is affecting economic growth in Malaysia To analyze the relationship between FDI and economic growth in Malaysia. To evaluate some policy actions related to increase the inflow of FDI in Malaysia. Research Questions This study is conducted to address the following research questions: Do the determinants of FDI inflow affect the economic growth in Malaysia? Will relationship with FDI result in bloom of economic growth in Malaysia? How policy actions can increase the inflow of FDI in Malaysia? Chapter 2 : LITERATURE REVIEW 2.0 Introduction In this section, a review of literature will provide us with a better understanding of the determinant of FDI and the growth of economic in Malaysia. This chapter focuses on the empirical studies on the role of FDI in the economic growth of host countries. Furthermore, a conceptual framework of these variables will be provided. 2.1 Review of Literature 2.1.1 Foreign Direct Investment (FDI) Foreign Direct Investment (FDI) has associate with many leading roles in development of host countries such as source of capital, new job opportunities, diffusion of new technology into country, and develop overall economic growth of host countries. Empirical studies have been carried out to show the relationship between FDI and economic growth while others focuses more on the causality of these two variables. Different methods are use by research to find out the determinants of FDI and the relationship it has with economic growth of host countries. By using cross-section data and OLS regression, Balasubramanyam (1996) found out that host countries that impose export promoting strategy produce positive growth of FDI on the economic growth but this does not apply to host countries as imposes import substitution strategy. Cross-sectional data has also conclude that high level of institutional capability which measured by degree of property right protection and bureaucratic efficiency in host country leads to a positive effect of FDI which enhances the economic growth of host countries. (Olofsdotter, 1998) In the work of Borensztein, et al. (1998), they utilize the cross country regression framework to analyse the effect of FDI on economic growth. They use the FDI flows data from industrial countries to 69 developing countries for the past two decades. Their research provided essential information that shown FDI plays an important role in diffusing new technology in host countries, and relatively boost overall economic growth rather than domestic investment. According to another research on (Borensztein et, al.1998) developing economies which focuses on the diffusion process of technology and economic growth, they found out that the positive impact of FDI on economic growth is highly dependent on the availability of human capital in the specific host country. De Mello (1999) uses both time series and panel data fixed effects for a sample of 32 developed and developing countries to study the relationship of FDI and economic growth. However, he only found out little result showing positi ve effect of FDI that affects the economic growth of host country. There are also other research that focuses on the causality between FDI and economic growth. Zhang (2001) and Choe (2003) use co integration and Granger causality test for a sample of 11 developing countries in East Asia and Latin America. Zhang (2001) found out that 5 cases that shows enhancement of economic growth but the condition of host country is important, so factors such as macro stability and trade regime must be attractive to attract FDI in host countries. Through the research of Choe (2003), the finding of casuality between FDI and economic growth shows that FDI is dependent on the economic growth of host country and not the other way around. Little evidence was shown that FDI enhance the growth of economy, but mainly supports that rapid economic growth enhances the FDI inflow into the country. Chowdhury and Mavrotas (2003) use innovative econometric methodology to identify the causality of FDI and economic growth. The research was done using time series data from 1969 to 2000 for three developing countries that are Malaysia, Chile and Thailand. Each country involve with different background of determinants of FDI such as macroeconomic episodes, growth patterns, and policy regimes. Their study found out that GDP was the cause of growth of FDI in Chile, but it does not go the same with Malaysia and Thailand which has strong evidence of bi-directional causality of these two variables. In the case of Frimpong and Abayie (2006), In the research (Bengoa and Sanchez-Robles, 2003) by using panel data to study Latin America between the relationship of FDI and economic growth, they found out there is a positive impact of FDI that lead to increase in economic growth but the research is similar to Borensztein, et.al, (1998) that says economic development depend on the countrys stability condition. Finally, Duasa (2007) which focus on the causality between FDI and output of economic growth in Malaysia and the study found no evidence of relationship between FDI and economic growth. These has indicate that in the case of Malaysia, FDI does not cause economic growth but FDI contributes to stability of growth as growth contributes to stability of FDI. In order to understand the determinants of FDI more accurately, we can see through research done by Vernon (1966) by using product cycle hypothesis which relates to trade theory by Hufbauer (1966). The theory is about the relationship between investment theory and trade theory by using products as they are export or invested. They found out that competition prices in host countries drives foreign investors to seek cost advantages especially labour cost. This shows that innovation of countries to attract FDI is important to improve economic growth. 2.1.2 Economic growth in Malaysia Export growth can be considered as the most researched determinant factor of (FDI) in economic growth. According to Chow (1987, p.124), the export growth of development countries can be identified through the impact of increase in countrys income, non-export production of goods, resource allocation, and capital efficiency, ability in handling external shocks, negative external effects and also total productivity factor. Therefore, research has shown export strategy has been an effective factor in enhancing the economic growth of developing countries. Furthermore, these countries have also testified that export promotion is an effective development strategy (Jung and Marshall, 1985). However, export strategy is not the main determinant factor of FDI that promotes economic growth. According to Ahmand and Harnhirun (1996) research, by using time data series from 1966 until 1988 to determine whether export is the main (FDI) factor that affects countries economic growth on industrial countries like Malaysia, Philipines, Singapore and Thailand, they found out that economic growth and export is dependent on development of countrys policy, and also economic development causes export growth not the other way around. In order to (Alfano et.al, 2004) identify the relationship between FDI, financial market, economic growth and also to find out whether countries with better financial systems are able to exploit FDI effectively. An empirical analysis was done by using cross country data from 1975 to 1995 which concluded that FDI played a leading role in contributing to economic growth in 71 countries which means countries with good financial market are able to take advantage of opportunity offered by FDI. Li and Liu (2005) studied whether FDI affect economic growth by using single and simultaneous system of equation techniques to test these two variables. Their research found a significant relationship between FDI and economic growth which identified, Human capital has indirect interaction with FDI that leads to positive impact on economic growth in developing countries, whereas countries with insufficient technology knowledge will have significant negative impact on economic growth in developing countries Another study done by Hsiao and Hsiao (2006) using panel data and time series from 1986 to 2004 to identify Granger causality between GDP, export and FDI among China, Korea, Taiwan, Hong Kong, Singapore, Malaysia, Philippines and Thailand found out that FDI has direct one way effect on GDP and indirect effect through export. There was also bilateral causal relationship between export and GDP. Lastly, study done by Baharumshah and Thanoon (2006) using quantitative assessment found out that FDI effects economic growth both long-term and short term in the host countries. Their research has also shown that countries that are able to attract inflow of FDI successfully can generate more investment which leads to faster overall development of economy, hence FDI is a major contributing factor in the economy of East Asian countries. Ang (2007) use annual time series data from 1960 to 2005 in order to find out the determinants of FDI in Malaysia found out that GDP growth had a significant positive impact on FDI inflow. 2.2 Theoretical Framework Foreign direct investment (FDI) Independent variable Dependent variable Technology advancement Economic growth in Malaysia Human Capital Policy development Social GDP 2.2.1 Analysis path This framework is to understand the research of the two variables in the case of my research proposal, foreign direct investment (FDI) is the independent variable and economic growth in Malaysia would be the dependent variable. The purpose of this research proposal is to understand the relationship of FDI and economic growth in Malaysia. In addition, Malaysia can implement different FDI contributing factor that can enhance economic growth in the country. The analysis here is about the determinants of FDI and it interests me in which Malaysia can implement and make FDI more attractive to be invested by foreign firms. In this analysis, the information accumulated should provide the key determinants of FDI at the same time enhance the development of economic growth in Malaysia. Chapter 3: METHODOLOGY 3.0 Introduction This section describes the research methodology use in the study to access the relationship between FDI and economic growth in Malaysia. Simple ordinary least square (OLS) regression and the empirical analysis are done using annual data of FDI and economic growth in Malaysia over the 1970-2005 periods. The research was done using annual data from IMF international Financial Statistic tables, published by International Monetary Fund to find out the relationship between FDI and economic growth in Malaysia. 3.1 Data 3.1.1 Data Resources According to Romano (2004), primary data can be define as data that is collected specially for the purpose of answering research question, while secondary data can be define as existing data collected in order to answer different research project. Secondary data was chosen for this research because it is less expensive compared to primary data, and takes less time to collect data that is needed for research. (Romano, 2004) Secondary data has made information far easier to be obtain by interpreting information from primary data and published them through secondary resource such as newspaper, journals, books, internet, and also research reports. () The existence of secondary data happens when a project needs the collection of data that has already been research in order to further understand the research question on a new project That is why secondary data is essential in order for us because it provide us with the knowledge to form research design and also answering our research quest ions in a more in depth scale. 3.1.2 Data Analysis Procedure In order to complete this research proposal we have mainly use secondary resource such as journals, websites, books, and also research report. Secondary resource has provided us with the information needed at the same time save us time and cost. KBU International College has provided us with books that contain the information needed for us to make references for our research topic. Internet network has been a major contribution by using the Google Chromes search engine we are able to obtain various journals and reports from websites that allows us to make reference and understand our research objectives. Emerald website in particular by using Anglia Ruskin University account has granted us the access to various journals that are easy to obtain without any hassle. The usage of less text book is because the library has insufficient information needed to answer our research questions. 3.2 Hypothesis Null hypothesis H0: FDI is not important for transporting advance technology to enhance host country economic growth. Alternate hypothesis H1: FDI is important for transporting advance technology to enhance host country economic growth. Technology advancement is essential in developing economic growth because it produces skilled labor that will enhance productivity and satisfying demands from consumer. According to Easterly et al. (1995), technology transfer depends on the diffusion process and can take place in 4 forms which is transfer of new technologies and ideas, high technology imports, foreign technology adoption and also level of human capital. Diffusion process of technology into host countries can be different depending on the human capital and availability of technology in the country itself. Example, study made by Borensztein (1998) on developing economies concluded that FDI has positive economy growth but the effect of magnitude depends on the availability of human capital in the host country. This clearly shows that advance technology is very important to enhance economic growth at different level of diffusion growth. Null hypothesis H0: Economic stability is not important to attract FDI into the country Alternate hypothesis H2: Economic stability is important to attract FDI into the country Many countries should pay more attention to economic stability in order to attract FDI which can enhance economic growth. With a stable economy it portrays a positive image and good economic positioning, which in turn attracts foreign investors to invest and generate profit from the investment made in the foreign country as a guaranteed. Therefore, determinants of economic stability should be given attention, the determinants are such as exports, and government expenditure, domestic consumption, and exchange rate that should be manage well by government. According to the research done by Kogid,et.al,(2010) , the most important determinant of economic stability in Malaysia is export and consumption expenditure. Their study also found out that government expenditure and exchange rate are less effective on economic growth but it does not mean it should be ignored but these factors can be act as catalyst and complement factor of economic growth. Null hypothesis H0: Implication of policy does not promote economic growth. Alternate hypothesis H3: Implication of policy does promote economic growth Implication of policy reform is important to draw attention of foreign investment. Policies to promote growth have evidence but it does not work for other countries. This can be seen from the study made by Ahmad and Harnhirun (1996) which studied on new industrial countries such as Indonesia, Malaysia, Philipines, Singapore and Thailand that found out export and economic growth dependent on development of policy. Therefore, government should impost relevant policies to attract FDI into Malaysia. Example, policies like joint venture which give opportunities to domestic producer to become one with foreign investors. This way will benefit local partner as they have exposure towards technology. 3.3 Limitation Theoretical framework of FDI that is use to analyses the FDI determinants and economic growth in Malaysia could have been done more accurately with more secondary resources. Firstly, KBU International College provides insufficient books that have relation with this research topic. However, KBU does provide student with the account to access Emerald websites that contains many research journals and reports that is very convenient for our research topic. In addition, some determinants of FDI in the theoretical framework were not taken into consideration because there has been insufficient research done on some determinants of FDI that affects economic growth in Malaysia. As a result, this research is not entirely completed to reflect the full extent of FDI on Malaysias economy growth. Since this research is mainly dependent on opinions of researchers around the world, this may lead to inaccuracy of research because they might disagree with research and opinions done by other authors around the world. 4.0 Ethical Consideration Before the research is done, respondents will be notified regarding the aim, benefits and purpose of the research is conducted and the method that is engage to carry out this research so that respondent will be able to understand the reason of caring out this research and the potential hazard level of this research. There are also no pressure of any kind shall be force for individual to become subject of research. In addition, respondents have the permission to withdraw or terminate from participating and becoming subject of the research. These are the ethical action taken so that there will be no violation of human rights. The identity of respondents from who involves in the survey is strictly confidential and shall be discarded once research is completed unless permission is granted by respondents for publish sake. No information of respondents will be revealed and included in the final report.
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