Mohammed Ali Clay Essay Example | Topics and Well Written Essays - 1500 words

Mohammed Ali Clay - Essay Example He was raised in a middle class black household in the poorer district of the city. When he was 12, his new bicycle was stolen. When he went to the local police station to complain, the local policeman, Joe Martin, suggested to him to learn boxing. Young Cassius started training under Martin .who was also a boxing coach, in Louisville's Columbia Gym. Although Martin gave him the idea and inspiration to become a boxer, it was the black trainer, Fred Stone, who taught Clay the finer intricacies of the science of boxing. Boxing as a sport was known to the ancient Greeks and Romans. According to the Encyclopedia Britannica, "Boxing is a sport contested at the amateur and professional levels , which involves attack and defense with the fist. (Encyclopedia p. 177) Boxing had become a popular sport in the U.S, with the Irish immigrants, and later, the African Americans from early twentieth century. There were amateur and professional contests. Boxing was also a part of the Olympic Games. According to the Encyclopedia, "Boxing first appeared as a formal Olympic event in the twenty third Olympiad in 688 B.C."(Encyclopedia 178) In the 1960 Olympiad, eighteen year old Cassius Clay won the gold medal, which brought him fame. But he knew the big money was in professional boxing. "Ali signed the most lucrative contract- a 50-50 split -negotiated by a beginning professional in the history of boxing, with a 12 member group of millionaires called the Louisville Sponsoring Group."(Gale Cengage Learning) He has a great media personality- his boasts and sayings created public interest in him. Unlike the other heavyweight boxers, who were usually quiet and retiring, he was fond of publicity. His wit also helped to make him well known. He is reported to have told Gilbert Rogin of Sports Illustrated, "Boxing is dying because everybody is so quiet..What boxing needs is..more Clays" (Gale) In February 1954, he boasted to the readers of the same magazine, "Cassius Clay is a boxer who can throw the jive better than anybody." More money started to pour into the sport of boxing because of Ali's flamboyant personality and his witty boasts. In 1964, Ali fought Sonny Liston for the World Heavyweight Championship. Ali was only 22 at the time. Liston was a powerful fighter, but Muhammad Ali had science to his aid. Ali's war cry had been, "float like a butterfly, sting like a bee", which he did in the match in Miami. By using intelligence and science, young Ali won the championship. "He beat Liston in a display of beautiful, controlled boxing." (Gale) Although Liston was very powerful, he went down to Ali, who used his skills with good planning and great courage and confidence. An interesting anecdote about Liston is popular. According to Hauser, "Liston picks up the dice and throws craps and there is a big silence. Then a voice comes, "Look at that big ugly bear, he can't even shoot."(Hauser p. 50) Clay had made his announcement to everyone present. Confidence was the hallmark of Ali. Boxers without confidence are doomed. David Remnick writes about the fight on September 25, 1962. "On the morning of the fight, the heavyweight champion of the world packed a loser's suitcase. Floyd Patterson, for all his hand speed, for all the hours he put in the gym, was the most doubt-addled titleholder in the history of the division."(Remnick 1) But Ali was never doubt riddled, he was

Foreign Direct Investment (FDI) Inflow In Pakistan

Foreign Direct Investment (FDI) Inflow In Pakistan CHAPTER 1 Foreign direct investment refers to the amount of participation that inflows from country a to country b like in many developing countries it comes from developed countries or it can also come in developed country as net property income from abroad. Foreign direct investment can be positive or negative which then results to the inflow of direct investment. It does not include investments which are done on purchase of shares. Investments can be come from wealthy individuals, public or private companies, government bodies, group related enterprises etc (Herring and Richard Willett, 1999). Foreign investment proved as very important for the developing countries. In poor nations it is proves as significant driver of development. FDI provides many of the developing countries with great benefits which helped them in achieving their economic growth. Through foreign direct investment there will be many things which are coming to the developing nations. There will be inflow of foreign capital and funds which you can term as hot money coming to your country. This capital can be invested into your business sectors to make it more worthy and profitable. Secondly there will be transfer of skills and technical expertise as if their entrepreneurs will come into your country and combine all the factors of production so then after results will be greater and larger than before (Larkins and Dan, 1998). Foreign direct investment can affect the countrys economy in different ways. It can affect the GDP rate, exchange rates and government policies in different ways; the effects of foreign direct investment at GDP are very significant. In many countries it constitutes at higher percentages of GDP rates. When foreign investment comes to the country it means that the business activity flourishes in the economy. There will be more production taken place and more goods and services produced by whether incorporated or unincorporated companies, or individual firm or it can be group related to enterprises but in any case there will be more provision of goods as heavy investments are taking places in form of foreign direct investment. GDP is actually refers to the production of more goods in compare to the last year results so a countrys GDP will surely increases by foreign direct investment. Total output of the economy will be increased which increases the GDP level (Hoshi, Takeo, Anil, and Da vid, 1991). 1.2 Problem Statement To identify the relationship between interbank exchange rate, real GDP and Dummy variable with foreign direct investment inflow in Pakistan. 1.3 Research Hypothesis: H1: Inter Bank Exchange Rate has a positive impact on Foreign Direct Investment Inflow in Pakistan. H2: Real GDP has a positive impact on Foreign Direct Investment Inflow in Pakistan. H3: Democratic Government has a positive impact on Foreign Direct Investment Inflow in Pakistan. 1.4 Outline of the study Foreign direct investment helps here those countries in carrying out their plans like Pakistan got assistance in running its steel mill operation etc. in this way foreign direct investment helps a lot third world countries. Foreign direct investment is basically the inflow of capital or investment from outside countries whether in shape of any kind of assistance or full operations like multinationals etc. foreign direct investment produce positive productivity effect on host countries. The main importance of this direct investment is that the adoption of the foreign technology, and gets to knew about many things through licensing agreements, imitation, employee trainings, process innovation, and link between foreign and domestic firms. There will be more job opportunities as in developing countries like Pakistan unemployment is a basic problem too which will be solved by the inflow of foreign direct investment. There will be not be only the employment of people but all factors will be employed if foreign investment will come. Many countries like China, Singapore, South Korea and Malaysia are depending on this foreign direct investment and are moving towards the development quickly. Factor employments will create income generation and through the multiplier effects the round of spending will make the economy proper and developed. There are many nations who are poor and they cannot carry out some of the plans needed in their country like extracting of some natural resources which is very expensive and needs heavy machinery. Foreign direct investment helps here those countries in carrying out their plans like Pakistan got assistance in running its steel mill operation etc. in this way foreign direct investment helps a lot third world countries. 1.5 Definitions Foreign direct investment refers to the amount of participation that inflows from country a to country b like in many developing countries it comes from developed countries or it can also come in developed country as net property income from abroad. Foreign direct investment can be positive or negative which then results to the inflow of direct investment. It does not include investments which are done on purchase of shares. Investments can be come from wealthy individuals, public or private companies, government bodies, group related enterprises etc (Herring and Richard Willett, 1999). CHAPTER 2 LITERATURE REVIEW Foreign direct investment refers to the amount of participation that inflows from country a to country b like in many developing countries it comes from developed countries or it can also come in developed country as net property income from abroad. Foreign direct investment can be positive or negative which then results to the inflow of direct investment. It does not include investments which are done on purchase of shares. Investments can be come from wealthy individuals, public or private companies, government bodies, group related enterprises etc (Herring and Richard Willett, 1999). Foreign investment also comprises of multinationals which open there operating branches in your countries and perform their business operations like production of goods and services so in USA inflow from multinationals also helps in creating trading activities like surpluses can be exports to outside countries to earn good amounts of foreign exchange which will appreciate your currency. Foreign direct investment resulted in 30% of the jobs in the manufacturing sectors. Inward FDI also led to the capital flow in USA which means higher productivity and living standards (Jaffee, Dwight, and Thomas, 1996). India is the second largest destination of FDI after China. It is been stated by the surveys of UNCTAD that India has been facing massive growth through Transaction Corporation. The areas which has been strengthen through the inflow of foreign direct investments are, telecommunication, information technology and other major areas like chemicals, apparels, auto components, jewelry and pharmaceuticals. There are high investments from Mauritius mainly due to the routing international funds through the country giving significant capital gain tax advantages; as tax will be treated between India and Mauritius so double taxation will be avoided. On the other hand Mauritius is capital gain tax heaven so there will be zero tax in FDI channel (Hoshi, Takeo, Anil, and David, 1991). FDI inflows into India reached a record $19.5 billion in fiscal year 2006-07 (April–March), according to the governments Secretariat for Industrial Assistance. This was double of US $7.8bn in the previous year. In 2008 FDI was more than $35bn. Government of India has created many incentives for the investors. The areas which need more relaxations were civil aviation, construction development, industrial parks, petroleum and natural gas, commodity exchanges, credit-information services and mining. Due to the foreign direct investment the economy of India is getting prosperous, economic growth is coming into effect. The potential to be an economic superpower is going to depend on how the government can create incentives for FDI flow across a large number of sectors in India. FDI is also hitting the country of Morocco with its affects. It is ranked among 4rth in foreign direct investment ranking, according to the United Nations Conference on Trade and Development. Other 72 projec ts were also been approved in 2008 as statistics have shown. FDI increases the job opportunities to 40,023 which were direct and stable. Morocco is making many steps in making it clear destination for foreign direct investment which is really good for its economy and its people overall. Though there was a decline in foreign investment of 29% in 2008 due to the economic downturn but after then it will raised up to the level where it gets god image. The major investors of Morocco are European Union with France (1.86bln), Spain (783mln). Arab countries also invest in Morocco. In terms of sectors, tourism has the biggest share of investment with $1.55bln, which is 33% of the total FDI, followed by the real estate sector and the industrial sector, with respectively $930mln and $374mln (Harris and Ravenscraft, 2008). The best thing which is hit by foreign direct investment is the opportunity for the citizen of host country that is of employment and skills development. Through investment by companies of abroad business activity taken place in the country, more goods will be demanded so there will be more need of factors of production so that the demand will be meeting up. For this purpose more people will be employed by those companies and in return people enjoy good wages and higher living standards. Secondly to make the product internationally acceptable and of great quality many training programs are also been conducted which enhance the skills of the employees and their efficiency level (Dewenter, 2008). Resource flows to developing countries over the 1990s and has become a significant. Part of capital formation in the developing countries despite their share in global distribution of FDI continuing to remain small or even declining. The role of the foreign direct investment (FDI) has been widely recognized as a Growth-enhancing factor in the developing countries. The potential advantages of the FDI on the host economy are it promote the use and Exploitation of local raw materials, it enhances modern techniques of management and marketing, it eases the access to new technologies, hot capital inflow could be used for financing current account deficits, finance flows in form of FDI do not generate repayment of principal and interests (as opposed to external debt), it increases the stock of human capital via on the job training. FDI allows you to access the use of raw materials of the host country which means that it will promote its usage, a country can get absolute and comparative adv antages on the basis of it natural resources or any kind of material which can give it an edge. Secondly due to the foreign direct investment it is very sure that new technologies will be transfer to the host country and will make them more efficient and up to the international standards. Often multinationals carried out the training programs for the workers of host countries so in this case their expertise will be enhanced and their productivity will increase. If a country is facing current account deficit which means that its balance of payment position is worse and imports are higher than exports so here foreign direct investment plays an important role in financing your current account deficit (Harris and Ravenscraft, 2008). Hot inflow of money will offset your current account deficit with the flow of capital comes from outside countries in shape of inflow of foreign direct investment. That is how it affects your current account. The advantage of foreign direct investment is that it does not generate any interest payments or the return of principal amounts as opposed to the external debt. So in total foreign direct investment effect your GDP level, current account balance and your democratic government in different ways and mainly positive. Some negative effects of foreign direct investment are also here but that is depends on host government rules and regulations that how they strictly maintain the foreign direct investment into their favors (Froot and Stein, 1991). Foreign direct investment is basically the inflow of capital or investment from outside countries whether in shape of any kind of assistance or full operations like multinationals etc. foreign direct investment produce positive productivity effect on host countries. The main importance of this direct investment is that the adoption of the foreign technology, and gets to knew about many things through licensing agreements, imitation, employee trainings, process innovation, and link between foreign and domestic firms. Foreign direct investment directly linked with the economic development of the host country and it also give benefit to the base country as they can access raw materials, can avoid trade barriers, will be near to the markets, can take advantage of cheap labors and lack of rules in host countries. Due to benefits host countries and industrializes encourage foreign direct investment (Campa and Goldberg, 1995). It affects the economic growth by stimulating domestic investment, increasing human capital formation and by facilitating the technology transfer in the host countries. Foreign Direct Investment (FDI) has emerged as the most important source of external. Apart from exchange rates and GDP level inflow of foreign direct investment also effects your democratic government; like how they reshape their policies and incentives. Like if you investors are investing in your country they also will need some of the free hands incentives which will more attract them to invest. For this purpose the government of host country will be reshaping their policies somehow like low corporate and income tax rates, tax holidays will be given to them, special economic zones will be created, export processing zone will be come into existence, financial subsidies, infrastructure subsidies, RD supports and many other things to relax them so that they will invest more (Rodriguez, 1998). Besides all these foreign direct investment will be having great impact on GDP level. Local output will increase as more production of gods will be taken place. More production means that your country is having more number of commodities ever than before so real output is increasing means GDP level. Increase in GDP will surely have good effects on your economy. Economic growth will come into effect. More employment will be there and factor payments will lead to the multiplier effects which means more and more income generation and economy will reaches to its equilibrium level (Dewenter, 2008). Resource flows to developing countries over the 1990s and has become a significant Part of capital formation in the developing countries despite their share in global distribution of FDI continuing to remain small or even declining. The role of the foreign direct investment (FDI) has been widely recognized as a Growth-enhancing factor in the developing countries. The potential advantages of the FDI on the host economy are it promote the use and Exploitation of local raw materials, it enhances modern techniques of management and marketing, it eases the access to new technologies, hot capital inflow could be used for financing current account deficits, finance flows in form of FDI do not generate repayment of principal and interests (as opposed to external debt), it increases the stock of human capital via on the job training (Huang and Walkling, 1997). FDI allows you to access the use of raw materials of the host country which means that it will promote its usage, a country can get absolute and comparative advantages on the basis of it natural resources or any kind of material which can give it an edge. Secondly due to the foreign direct investment it is very sure that new technologies will be transfer to the host country and will make them more efficient and up to the international standards. Often multinationals carried out the training programs for the workers of host countries so in this case their expertise will be enhanced and their productivity will increase (Itagaki, 2000). If a country is facing current account deficit which means that its balance of payment position is worse and imports are higher than exports so here foreign direct investment plays an important role in financing your current account deficit. Hot inflow of money will offset your current account deficit with the flow of capital comes from outside countries in shape of inflow of foreign direct investment. That is how it affects your current account. The advantage of foreign direct investment is that it does nohat generate any interest payments or the return of principal amounts as opposed to the external debt. So in total foreign direct investment effect your GDP level, current account balance and your democratic government in different ways and mainly positive. Some negative effects of foreign direct investment are also here but that is depends on host government rules and regulations that how they strictly maintain the foreign direct investment into their favors (Craine, 1999). Economic growth may mean that we are using are scarce resources swiftly so that they can depleted. Oil, coal, metals other natural resources are in limited supply and can be run out if we use them so quickly. If they do run out then there can be no more capital goods, food supplies may diminish and the population of world may suffer but this can be control through conservation process. Conservation means that you saved up some amount of scarce resources for our future generation rather than consuming it all at once for present people so by it we can save for the upcoming people of the country (Klein and Rosengren, 1994). Foreign direct investment if comes in the country so that will be definitely mean that more and more factories will be opening in the host country or if it comes for the existing factories like extracting of some natural resources etc so that means expansion of those factories. More and more factories and business sites means that there is though more land is available to produce more goods and services but less for other activities like recreational activities or parks etc. these can also destroy the plants and animals. The solution to this problem is that government should restrict the areas where these factories can be located and only allow there to operate. Those areas should be keeping away from residential locations so that normal citizens should not get affected. Factories should be more on barren land and regions so that fertile lands and animals would not get affected too. Growth also comes with many benefits so government cannot stop it. The best thing in this situation go vernment tries to do is to achieve sustainable growth. Sustainable growth means that along with the foreign investment, which is coming into the country government should try to minimize the harmful effects and should maximize the benefits so that resources and further things can be secured for the upcoming generations too (Hartman, 1992). There are also some of the negative aspects of foreign direct investment. There are some issues which are related like operation, distribution of the profits made on the investment and the personnel.economic backward section is always get effected of the host country when foreign direct investment is negatively affected. It is the responsibility of the host country to limit the effect of the foreign direct investment. They should make sure that countries which are making foreign direct investments should abide all the laws relating to environmental, governance and social regulations that are laid down country. However there can be some negative effects of economic growth too, means higher and higher GDP can affect your economy and people in it in a different manner too. There can be an opportunity cost of growth; economic growth may achieved by producing more capital goods but at the expense of less consumer goods like television, fashionable clothes etc but this can be in short run as in long run people will be enjoying more and more consumer goods and higher living standards due to the sustainable growth which has been achieved (Baldwin and Krugman, 1999). CHAPTER 3 RESEARCH METHOD This chapter explains the methodology used for this research study. This study focused on finding the factors affecting inflows of foreign direct investment in Pakistan. A method is a tool that can help solve problem and research new knowledge. This chapter also gives the methods to evaluate validity and reliability of the research for the factors associated with direct investment in Pakistan. 3.1. Data used: This research was carried out through Secondary Data. 3.2. Method of data collection: Data of Foreign Direct Investment and Real GDP is collected through State Bank of Pakistan, website and from Economic Survey of Pakistan and Data for Interbank exchange rate was collected through different websites like www.Oanda.com and www.indexmundi.com. 3.3. Sample size: Sample data of last 39 years is to be taken. Data has been taken from the year 3.4. Statistical tool used: In order to measure the relationship between the To Identify the relationship between Interbank Exchange Rate, Real GDP, and Dummy variable with Foreign Direct Investment Inflow in Pakistan. Regression is used as a statistical tool in this research. SPSS software is used to evaluate the relationship between the variables. CHAPTER 4 RESULTS 4.1. H1: Inter Bank Exchange Rate has a positive impact on Foreign Direct Investment Inflow in Pakistan. Table 4.1.1 The adjusted R Square value of the above table is 0.944 or 94.4% it means that the one unit change in the independent variable set will bring out the 94.4% change in the variation of dependent variable. Form the above Durbin Watson value it seems that there is a presence of the auto correlation in the data set lag generations or transformations would be resolve this issue. Table 4.1.2 From the above table the beta value of the exchange rate is -4011.980 means that there is a negative relationship exists among the exchange rate and the FDI therefore, our null hypothesis is not accepted. The VIF values indicate that there is also a presence of multi co linearity in the data set. Table 4.1.3 For resolving the issues of autocorrelation and multi co-linearity suitable transformations were applied on the data set in order to prepare the appropriate results. After applying the transformations the adjusted R Square value of the above table is -0.061 or -6.1% it means that the one unit change in the independent variable sets will bring out the -6.1% change in the variation of dependent variable. Form the above Durbin Watson value it seems that after the application of the transformation the problem of auto correlation in the data set has been resolved. Table 4.1.4 From the above table the beta value of the exchange rate is -0.31 means that there is a negative relationship exists among the exchange rate and the FDI therefore, our null hypothesis is not accepted. After the application of transformations the problem of multi co linearity in the data set is also resolved. 4.2. H2: Real GDP has a positive impact on Foreign Direct Investment Inflow in Pakistan. Table 4.2.1 The adjusted R Square value of the above table is 0.944 or 94.4% it means that the one unit change in the independent variable sets will bring out the 94.4% change in the variation of dependent variable. Form the above Durbin Watson value it seems that there is a presence of the auto correlation in the data set lag generations or transformations would be resolve this issue. Table 4.2.2 From the above table the beta value of the real GDP is 4243.439 means that there is a positive relationship exists among the real GDP and the FDI therefore, our null hypothesis is not rejected. The VIF values indicate that there is also a presence of multi co linearity in the data set. Table 4.2.3 For resolving the issues of autocorrelation and multi co linearity suitable transformations were applied on the data set in order to prepare the appropriate results. After applying the transformations the adjusted R Square value of the above table is -0.061 or -6.1% it means that the one unit change in the independent variable sets will bring out the -6.1% change in the variation of dependent variable. Form the above Durbin Watson value it seems that after the application of the transformation the problem of auto correlation in the data set has been resolved. Table 4.2.4 From the above table the beta value of the real GDP is -.438 means that there is a negative relationship exists among the real GDP and FDI therefore hypothesis is not accepted. After the application of transformations the problem of multi co linearity in the data set is also resolved. 4.3. H3: Democratic Government has a positive impact on Foreign Direct Investment Inflow in Pakistan. Table 4.3.1 The adjusted R Square value of the above table is 0.944 or 94.4% it means that the one unit change in the independent variable sets will bring out the 94.4% change in the variation of dependent variable. Form the above Durbin Watson value it seems that there is a presence of the auto correlation in the data set lag generations or transformations would be resolve this issue. Table 4.3.2 From the above table the beta value of the dummy variable/democratic government is -17128.3 means that there is a negative relationship exists among the dummy variable/democratic government and FDI therefore, our null hypothesis is not rejected. The VIF values indicate that there is also a presence of multi co linearity in the data set. Table 4.3.3 For resolving the issues of autocorrelation and multi co linearity suitable transformations were applied on the data set in order to prepare the appropriate results. After applying the transformations the adjusted R Square value of the above table is -0.061 or -6.1% it means that the one unit change in the independent variable sets will bring out the -6.1% change in the variation of dependent variable. Form the above Durbin Watson value it seems that after the application of the transformation the problem of auto correlation in the data set has been resolved. Table 4.3.4 From the above table the beta value of the dummy variable/democratic government is -.107 means that there is a negative relationship exists among the dummy variable/exchange rate and FDI therefore, our null hypothesis is not accepted. After the application of transformations the problem of multi co linearity in the data set is also resolved. CHAPTER 5 DISCUSSION,CONCLUSION, IMPLICATIONS, AND FUTURE RESEARCH 5.1 Conclusion: There were number of positive and negative effects of this foreign direct investment. The positive effects of foreign direct investment are; the investment means that foreign currency is coming into Pakistan. Whenever any company may be multinational invested in this country in terms of direct investment it means that they invested their currency into the country. It increased the foreign exchange reserves which are good for host country as they can be used in payments of debts or any kind of imports etc. Secondly more goods and services have produced and which can be exported to outside countries; so more foreign exchange can be earns through it. Foreign direct investment directly linked with the economic development of the host country and it also give benefit to the base country as they can access raw materials, can avoid trade barriers, will be near to the markets, can take advantage of cheap labors and lack of rules in host countries. Due to benefits host countries and industria lizes encourage foreign direct investment. Foreign investment proved as very important for the developing countries. In poor nations it is proves as significant driver of development. FDI provides many of the developing countries with great benefits which helped them in achieving their economic growth. Through foreign direct investment there will be many things which are coming to the developing nations. There will be inflow of foreign capital and funds which you can term as hot money coming to country. This capital can be invested into your business sectors to make it more worthy and profitable. Secondly there will be transfer of skills and technical expertise as if their entrepreneurs will come into your country and combine all the factors of production so then after results will be greater and larger than before. New technologies in shape of new capital equipments and software which can make factories totally automated will lower all the average costs and make it more efficient that it ever can be. Besides all of these sometimes local firms can also be squeeze out of the market due to the inferior equipment and much smaller resources than the large giants with foreign investments. This is the work of government that how they reshape their policies to bring in foreign direct investment into your favor and not letting down the overall economic conditions. Profits which may earn here can also be sent back to the base country rather than kept for the re investment in the host nations. Some multinationals also impose their cultures in the people of the host country. To avoid all this state should interfere with all the consumer protection laws, unfair competition, laws for employee protection, environment protection and also of location of industry. 5.2 Discussion and implication: Apart from these things when foreign investment comes into the country so then means that new opportunities could be created for many other firms too like they supply components and other things to the companies who are operating over here and has invested which will generate more employment and income for the citizens. Local firms can also be motivated to bring their quality up to the international standards as if they are supplying components to the multinationals. This thing will improve their productivity and it is good for the country so foreign direct investment is very beneficial. Foreign direct investment will bring in investments and hot inflow of money and capital along with the tax revenues for the government even after some exemptions. Companies or individuals who operate in your country after investment will pay some taxes to the government too. Government can re invest those revenues in other sectors for the welfare of the general public like in health or education sectors etc. 5.3 Future research: For future research, there are many advantages of high GDP rate like people can have more goods and services to consume; it will raise their living standards, secondly excess goods can be exported to outside countries so that foreign exchange can be earn through it. Higher GDP will give good image to the country in terms of many things; more and more foreign investors will come with their investments. People will be earning more so they can afford more other goods to purchase and secondly more incomes means more taxation for the government which it can spend on many other projects like schooling, health, defense, crime control etc. growth should result in improved standards of living in the country and higher profitability for the business. Foreign Direct Investment (FDI) Inflow In Pakistan Foreign Direct Investment (FDI) Inflow In Pakistan CHAPTER 1 Foreign direct investment refers to the amount of participation that inflows from country a to country b like in many developing countries it comes from developed countries or it can also come in developed country as net property income from abroad. Foreign direct investment can be positive or negative which then results to the inflow of direct investment. It does not include investments which are done on purchase of shares. Investments can be come from wealthy individuals, public or private companies, government bodies, group related enterprises etc (Herring and Richard Willett, 1999). Foreign investment proved as very important for the developing countries. In poor nations it is proves as significant driver of development. FDI provides many of the developing countries with great benefits which helped them in achieving their economic growth. Through foreign direct investment there will be many things which are coming to the developing nations. There will be inflow of foreign capital and funds which you can term as hot money coming to your country. This capital can be invested into your business sectors to make it more worthy and profitable. Secondly there will be transfer of skills and technical expertise as if their entrepreneurs will come into your country and combine all the factors of production so then after results will be greater and larger than before (Larkins and Dan, 1998). Foreign direct investment can affect the countrys economy in different ways. It can affect the GDP rate, exchange rates and government policies in different ways; the effects of foreign direct investment at GDP are very significant. In many countries it constitutes at higher percentages of GDP rates. When foreign investment comes to the country it means that the business activity flourishes in the economy. There will be more production taken place and more goods and services produced by whether incorporated or unincorporated companies, or individual firm or it can be group related to enterprises but in any case there will be more provision of goods as heavy investments are taking places in form of foreign direct investment. GDP is actually refers to the production of more goods in compare to the last year results so a countrys GDP will surely increases by foreign direct investment. Total output of the economy will be increased which increases the GDP level (Hoshi, Takeo, Anil, and Da vid, 1991). 1.2 Problem Statement To identify the relationship between interbank exchange rate, real GDP and Dummy variable with foreign direct investment inflow in Pakistan. 1.3 Research Hypothesis: H1: Inter Bank Exchange Rate has a positive impact on Foreign Direct Investment Inflow in Pakistan. H2: Real GDP has a positive impact on Foreign Direct Investment Inflow in Pakistan. H3: Democratic Government has a positive impact on Foreign Direct Investment Inflow in Pakistan. 1.4 Outline of the study Foreign direct investment helps here those countries in carrying out their plans like Pakistan got assistance in running its steel mill operation etc. in this way foreign direct investment helps a lot third world countries. Foreign direct investment is basically the inflow of capital or investment from outside countries whether in shape of any kind of assistance or full operations like multinationals etc. foreign direct investment produce positive productivity effect on host countries. The main importance of this direct investment is that the adoption of the foreign technology, and gets to knew about many things through licensing agreements, imitation, employee trainings, process innovation, and link between foreign and domestic firms. There will be more job opportunities as in developing countries like Pakistan unemployment is a basic problem too which will be solved by the inflow of foreign direct investment. There will be not be only the employment of people but all factors will be employed if foreign investment will come. Many countries like China, Singapore, South Korea and Malaysia are depending on this foreign direct investment and are moving towards the development quickly. Factor employments will create income generation and through the multiplier effects the round of spending will make the economy proper and developed. There are many nations who are poor and they cannot carry out some of the plans needed in their country like extracting of some natural resources which is very expensive and needs heavy machinery. Foreign direct investment helps here those countries in carrying out their plans like Pakistan got assistance in running its steel mill operation etc. in this way foreign direct investment helps a lot third world countries. 1.5 Definitions Foreign direct investment refers to the amount of participation that inflows from country a to country b like in many developing countries it comes from developed countries or it can also come in developed country as net property income from abroad. Foreign direct investment can be positive or negative which then results to the inflow of direct investment. It does not include investments which are done on purchase of shares. Investments can be come from wealthy individuals, public or private companies, government bodies, group related enterprises etc (Herring and Richard Willett, 1999). CHAPTER 2 LITERATURE REVIEW Foreign direct investment refers to the amount of participation that inflows from country a to country b like in many developing countries it comes from developed countries or it can also come in developed country as net property income from abroad. Foreign direct investment can be positive or negative which then results to the inflow of direct investment. It does not include investments which are done on purchase of shares. Investments can be come from wealthy individuals, public or private companies, government bodies, group related enterprises etc (Herring and Richard Willett, 1999). Foreign investment also comprises of multinationals which open there operating branches in your countries and perform their business operations like production of goods and services so in USA inflow from multinationals also helps in creating trading activities like surpluses can be exports to outside countries to earn good amounts of foreign exchange which will appreciate your currency. Foreign direct investment resulted in 30% of the jobs in the manufacturing sectors. Inward FDI also led to the capital flow in USA which means higher productivity and living standards (Jaffee, Dwight, and Thomas, 1996). India is the second largest destination of FDI after China. It is been stated by the surveys of UNCTAD that India has been facing massive growth through Transaction Corporation. The areas which has been strengthen through the inflow of foreign direct investments are, telecommunication, information technology and other major areas like chemicals, apparels, auto components, jewelry and pharmaceuticals. There are high investments from Mauritius mainly due to the routing international funds through the country giving significant capital gain tax advantages; as tax will be treated between India and Mauritius so double taxation will be avoided. On the other hand Mauritius is capital gain tax heaven so there will be zero tax in FDI channel (Hoshi, Takeo, Anil, and David, 1991). FDI inflows into India reached a record $19.5 billion in fiscal year 2006-07 (April–March), according to the governments Secretariat for Industrial Assistance. This was double of US $7.8bn in the previous year. In 2008 FDI was more than $35bn. Government of India has created many incentives for the investors. The areas which need more relaxations were civil aviation, construction development, industrial parks, petroleum and natural gas, commodity exchanges, credit-information services and mining. Due to the foreign direct investment the economy of India is getting prosperous, economic growth is coming into effect. The potential to be an economic superpower is going to depend on how the government can create incentives for FDI flow across a large number of sectors in India. FDI is also hitting the country of Morocco with its affects. It is ranked among 4rth in foreign direct investment ranking, according to the United Nations Conference on Trade and Development. Other 72 projec ts were also been approved in 2008 as statistics have shown. FDI increases the job opportunities to 40,023 which were direct and stable. Morocco is making many steps in making it clear destination for foreign direct investment which is really good for its economy and its people overall. Though there was a decline in foreign investment of 29% in 2008 due to the economic downturn but after then it will raised up to the level where it gets god image. The major investors of Morocco are European Union with France (1.86bln), Spain (783mln). Arab countries also invest in Morocco. In terms of sectors, tourism has the biggest share of investment with $1.55bln, which is 33% of the total FDI, followed by the real estate sector and the industrial sector, with respectively $930mln and $374mln (Harris and Ravenscraft, 2008). The best thing which is hit by foreign direct investment is the opportunity for the citizen of host country that is of employment and skills development. Through investment by companies of abroad business activity taken place in the country, more goods will be demanded so there will be more need of factors of production so that the demand will be meeting up. For this purpose more people will be employed by those companies and in return people enjoy good wages and higher living standards. Secondly to make the product internationally acceptable and of great quality many training programs are also been conducted which enhance the skills of the employees and their efficiency level (Dewenter, 2008). Resource flows to developing countries over the 1990s and has become a significant. Part of capital formation in the developing countries despite their share in global distribution of FDI continuing to remain small or even declining. The role of the foreign direct investment (FDI) has been widely recognized as a Growth-enhancing factor in the developing countries. The potential advantages of the FDI on the host economy are it promote the use and Exploitation of local raw materials, it enhances modern techniques of management and marketing, it eases the access to new technologies, hot capital inflow could be used for financing current account deficits, finance flows in form of FDI do not generate repayment of principal and interests (as opposed to external debt), it increases the stock of human capital via on the job training. FDI allows you to access the use of raw materials of the host country which means that it will promote its usage, a country can get absolute and comparative adv antages on the basis of it natural resources or any kind of material which can give it an edge. Secondly due to the foreign direct investment it is very sure that new technologies will be transfer to the host country and will make them more efficient and up to the international standards. Often multinationals carried out the training programs for the workers of host countries so in this case their expertise will be enhanced and their productivity will increase. If a country is facing current account deficit which means that its balance of payment position is worse and imports are higher than exports so here foreign direct investment plays an important role in financing your current account deficit (Harris and Ravenscraft, 2008). Hot inflow of money will offset your current account deficit with the flow of capital comes from outside countries in shape of inflow of foreign direct investment. That is how it affects your current account. The advantage of foreign direct investment is that it does not generate any interest payments or the return of principal amounts as opposed to the external debt. So in total foreign direct investment effect your GDP level, current account balance and your democratic government in different ways and mainly positive. Some negative effects of foreign direct investment are also here but that is depends on host government rules and regulations that how they strictly maintain the foreign direct investment into their favors (Froot and Stein, 1991). Foreign direct investment is basically the inflow of capital or investment from outside countries whether in shape of any kind of assistance or full operations like multinationals etc. foreign direct investment produce positive productivity effect on host countries. The main importance of this direct investment is that the adoption of the foreign technology, and gets to knew about many things through licensing agreements, imitation, employee trainings, process innovation, and link between foreign and domestic firms. Foreign direct investment directly linked with the economic development of the host country and it also give benefit to the base country as they can access raw materials, can avoid trade barriers, will be near to the markets, can take advantage of cheap labors and lack of rules in host countries. Due to benefits host countries and industrializes encourage foreign direct investment (Campa and Goldberg, 1995). It affects the economic growth by stimulating domestic investment, increasing human capital formation and by facilitating the technology transfer in the host countries. Foreign Direct Investment (FDI) has emerged as the most important source of external. Apart from exchange rates and GDP level inflow of foreign direct investment also effects your democratic government; like how they reshape their policies and incentives. Like if you investors are investing in your country they also will need some of the free hands incentives which will more attract them to invest. For this purpose the government of host country will be reshaping their policies somehow like low corporate and income tax rates, tax holidays will be given to them, special economic zones will be created, export processing zone will be come into existence, financial subsidies, infrastructure subsidies, RD supports and many other things to relax them so that they will invest more (Rodriguez, 1998). Besides all these foreign direct investment will be having great impact on GDP level. Local output will increase as more production of gods will be taken place. More production means that your country is having more number of commodities ever than before so real output is increasing means GDP level. Increase in GDP will surely have good effects on your economy. Economic growth will come into effect. More employment will be there and factor payments will lead to the multiplier effects which means more and more income generation and economy will reaches to its equilibrium level (Dewenter, 2008). Resource flows to developing countries over the 1990s and has become a significant Part of capital formation in the developing countries despite their share in global distribution of FDI continuing to remain small or even declining. The role of the foreign direct investment (FDI) has been widely recognized as a Growth-enhancing factor in the developing countries. The potential advantages of the FDI on the host economy are it promote the use and Exploitation of local raw materials, it enhances modern techniques of management and marketing, it eases the access to new technologies, hot capital inflow could be used for financing current account deficits, finance flows in form of FDI do not generate repayment of principal and interests (as opposed to external debt), it increases the stock of human capital via on the job training (Huang and Walkling, 1997). FDI allows you to access the use of raw materials of the host country which means that it will promote its usage, a country can get absolute and comparative advantages on the basis of it natural resources or any kind of material which can give it an edge. Secondly due to the foreign direct investment it is very sure that new technologies will be transfer to the host country and will make them more efficient and up to the international standards. Often multinationals carried out the training programs for the workers of host countries so in this case their expertise will be enhanced and their productivity will increase (Itagaki, 2000). If a country is facing current account deficit which means that its balance of payment position is worse and imports are higher than exports so here foreign direct investment plays an important role in financing your current account deficit. Hot inflow of money will offset your current account deficit with the flow of capital comes from outside countries in shape of inflow of foreign direct investment. That is how it affects your current account. The advantage of foreign direct investment is that it does nohat generate any interest payments or the return of principal amounts as opposed to the external debt. So in total foreign direct investment effect your GDP level, current account balance and your democratic government in different ways and mainly positive. Some negative effects of foreign direct investment are also here but that is depends on host government rules and regulations that how they strictly maintain the foreign direct investment into their favors (Craine, 1999). Economic growth may mean that we are using are scarce resources swiftly so that they can depleted. Oil, coal, metals other natural resources are in limited supply and can be run out if we use them so quickly. If they do run out then there can be no more capital goods, food supplies may diminish and the population of world may suffer but this can be control through conservation process. Conservation means that you saved up some amount of scarce resources for our future generation rather than consuming it all at once for present people so by it we can save for the upcoming people of the country (Klein and Rosengren, 1994). Foreign direct investment if comes in the country so that will be definitely mean that more and more factories will be opening in the host country or if it comes for the existing factories like extracting of some natural resources etc so that means expansion of those factories. More and more factories and business sites means that there is though more land is available to produce more goods and services but less for other activities like recreational activities or parks etc. these can also destroy the plants and animals. The solution to this problem is that government should restrict the areas where these factories can be located and only allow there to operate. Those areas should be keeping away from residential locations so that normal citizens should not get affected. Factories should be more on barren land and regions so that fertile lands and animals would not get affected too. Growth also comes with many benefits so government cannot stop it. The best thing in this situation go vernment tries to do is to achieve sustainable growth. Sustainable growth means that along with the foreign investment, which is coming into the country government should try to minimize the harmful effects and should maximize the benefits so that resources and further things can be secured for the upcoming generations too (Hartman, 1992). There are also some of the negative aspects of foreign direct investment. There are some issues which are related like operation, distribution of the profits made on the investment and the personnel.economic backward section is always get effected of the host country when foreign direct investment is negatively affected. It is the responsibility of the host country to limit the effect of the foreign direct investment. They should make sure that countries which are making foreign direct investments should abide all the laws relating to environmental, governance and social regulations that are laid down country. However there can be some negative effects of economic growth too, means higher and higher GDP can affect your economy and people in it in a different manner too. There can be an opportunity cost of growth; economic growth may achieved by producing more capital goods but at the expense of less consumer goods like television, fashionable clothes etc but this can be in short run as in long run people will be enjoying more and more consumer goods and higher living standards due to the sustainable growth which has been achieved (Baldwin and Krugman, 1999). CHAPTER 3 RESEARCH METHOD This chapter explains the methodology used for this research study. This study focused on finding the factors affecting inflows of foreign direct investment in Pakistan. A method is a tool that can help solve problem and research new knowledge. This chapter also gives the methods to evaluate validity and reliability of the research for the factors associated with direct investment in Pakistan. 3.1. Data used: This research was carried out through Secondary Data. 3.2. Method of data collection: Data of Foreign Direct Investment and Real GDP is collected through State Bank of Pakistan, website and from Economic Survey of Pakistan and Data for Interbank exchange rate was collected through different websites like www.Oanda.com and www.indexmundi.com. 3.3. Sample size: Sample data of last 39 years is to be taken. Data has been taken from the year 3.4. Statistical tool used: In order to measure the relationship between the To Identify the relationship between Interbank Exchange Rate, Real GDP, and Dummy variable with Foreign Direct Investment Inflow in Pakistan. Regression is used as a statistical tool in this research. SPSS software is used to evaluate the relationship between the variables. CHAPTER 4 RESULTS 4.1. H1: Inter Bank Exchange Rate has a positive impact on Foreign Direct Investment Inflow in Pakistan. Table 4.1.1 The adjusted R Square value of the above table is 0.944 or 94.4% it means that the one unit change in the independent variable set will bring out the 94.4% change in the variation of dependent variable. Form the above Durbin Watson value it seems that there is a presence of the auto correlation in the data set lag generations or transformations would be resolve this issue. Table 4.1.2 From the above table the beta value of the exchange rate is -4011.980 means that there is a negative relationship exists among the exchange rate and the FDI therefore, our null hypothesis is not accepted. The VIF values indicate that there is also a presence of multi co linearity in the data set. Table 4.1.3 For resolving the issues of autocorrelation and multi co-linearity suitable transformations were applied on the data set in order to prepare the appropriate results. After applying the transformations the adjusted R Square value of the above table is -0.061 or -6.1% it means that the one unit change in the independent variable sets will bring out the -6.1% change in the variation of dependent variable. Form the above Durbin Watson value it seems that after the application of the transformation the problem of auto correlation in the data set has been resolved. Table 4.1.4 From the above table the beta value of the exchange rate is -0.31 means that there is a negative relationship exists among the exchange rate and the FDI therefore, our null hypothesis is not accepted. After the application of transformations the problem of multi co linearity in the data set is also resolved. 4.2. H2: Real GDP has a positive impact on Foreign Direct Investment Inflow in Pakistan. Table 4.2.1 The adjusted R Square value of the above table is 0.944 or 94.4% it means that the one unit change in the independent variable sets will bring out the 94.4% change in the variation of dependent variable. Form the above Durbin Watson value it seems that there is a presence of the auto correlation in the data set lag generations or transformations would be resolve this issue. Table 4.2.2 From the above table the beta value of the real GDP is 4243.439 means that there is a positive relationship exists among the real GDP and the FDI therefore, our null hypothesis is not rejected. The VIF values indicate that there is also a presence of multi co linearity in the data set. Table 4.2.3 For resolving the issues of autocorrelation and multi co linearity suitable transformations were applied on the data set in order to prepare the appropriate results. After applying the transformations the adjusted R Square value of the above table is -0.061 or -6.1% it means that the one unit change in the independent variable sets will bring out the -6.1% change in the variation of dependent variable. Form the above Durbin Watson value it seems that after the application of the transformation the problem of auto correlation in the data set has been resolved. Table 4.2.4 From the above table the beta value of the real GDP is -.438 means that there is a negative relationship exists among the real GDP and FDI therefore hypothesis is not accepted. After the application of transformations the problem of multi co linearity in the data set is also resolved. 4.3. H3: Democratic Government has a positive impact on Foreign Direct Investment Inflow in Pakistan. Table 4.3.1 The adjusted R Square value of the above table is 0.944 or 94.4% it means that the one unit change in the independent variable sets will bring out the 94.4% change in the variation of dependent variable. Form the above Durbin Watson value it seems that there is a presence of the auto correlation in the data set lag generations or transformations would be resolve this issue. Table 4.3.2 From the above table the beta value of the dummy variable/democratic government is -17128.3 means that there is a negative relationship exists among the dummy variable/democratic government and FDI therefore, our null hypothesis is not rejected. The VIF values indicate that there is also a presence of multi co linearity in the data set. Table 4.3.3 For resolving the issues of autocorrelation and multi co linearity suitable transformations were applied on the data set in order to prepare the appropriate results. After applying the transformations the adjusted R Square value of the above table is -0.061 or -6.1% it means that the one unit change in the independent variable sets will bring out the -6.1% change in the variation of dependent variable. Form the above Durbin Watson value it seems that after the application of the transformation the problem of auto correlation in the data set has been resolved. Table 4.3.4 From the above table the beta value of the dummy variable/democratic government is -.107 means that there is a negative relationship exists among the dummy variable/exchange rate and FDI therefore, our null hypothesis is not accepted. After the application of transformations the problem of multi co linearity in the data set is also resolved. CHAPTER 5 DISCUSSION,CONCLUSION, IMPLICATIONS, AND FUTURE RESEARCH 5.1 Conclusion: There were number of positive and negative effects of this foreign direct investment. The positive effects of foreign direct investment are; the investment means that foreign currency is coming into Pakistan. Whenever any company may be multinational invested in this country in terms of direct investment it means that they invested their currency into the country. It increased the foreign exchange reserves which are good for host country as they can be used in payments of debts or any kind of imports etc. Secondly more goods and services have produced and which can be exported to outside countries; so more foreign exchange can be earns through it. Foreign direct investment directly linked with the economic development of the host country and it also give benefit to the base country as they can access raw materials, can avoid trade barriers, will be near to the markets, can take advantage of cheap labors and lack of rules in host countries. Due to benefits host countries and industria lizes encourage foreign direct investment. Foreign investment proved as very important for the developing countries. In poor nations it is proves as significant driver of development. FDI provides many of the developing countries with great benefits which helped them in achieving their economic growth. Through foreign direct investment there will be many things which are coming to the developing nations. There will be inflow of foreign capital and funds which you can term as hot money coming to country. This capital can be invested into your business sectors to make it more worthy and profitable. Secondly there will be transfer of skills and technical expertise as if their entrepreneurs will come into your country and combine all the factors of production so then after results will be greater and larger than before. New technologies in shape of new capital equipments and software which can make factories totally automated will lower all the average costs and make it more efficient that it ever can be. Besides all of these sometimes local firms can also be squeeze out of the market due to the inferior equipment and much smaller resources than the large giants with foreign investments. This is the work of government that how they reshape their policies to bring in foreign direct investment into your favor and not letting down the overall economic conditions. Profits which may earn here can also be sent back to the base country rather than kept for the re investment in the host nations. Some multinationals also impose their cultures in the people of the host country. To avoid all this state should interfere with all the consumer protection laws, unfair competition, laws for employee protection, environment protection and also of location of industry. 5.2 Discussion and implication: Apart from these things when foreign investment comes into the country so then means that new opportunities could be created for many other firms too like they supply components and other things to the companies who are operating over here and has invested which will generate more employment and income for the citizens. Local firms can also be motivated to bring their quality up to the international standards as if they are supplying components to the multinationals. This thing will improve their productivity and it is good for the country so foreign direct investment is very beneficial. Foreign direct investment will bring in investments and hot inflow of money and capital along with the tax revenues for the government even after some exemptions. Companies or individuals who operate in your country after investment will pay some taxes to the government too. Government can re invest those revenues in other sectors for the welfare of the general public like in health or education sectors etc. 5.3 Future research: For future research, there are many advantages of high GDP rate like people can have more goods and services to consume; it will raise their living standards, secondly excess goods can be exported to outside countries so that foreign exchange can be earn through it. Higher GDP will give good image to the country in terms of many things; more and more foreign investors will come with their investments. People will be earning more so they can afford more other goods to purchase and secondly more incomes means more taxation for the government which it can spend on many other projects like schooling, health, defense, crime control etc. growth should result in improved standards of living in the country and higher profitability for the business.

The Dangers of Carbon Dioxide Essay -- Environmental Gases Health Essa

The Dangers of Carbon Dioxide Thesis: As the environment encounters damage from increasing levels of carbon dioxide, actions on both governmental and individual levels need to be implemented in order to protect the welfare of future life. Introduction In an era of rising technology and increasing population, demands on the environment are continually being pushed to new levels. As a result, it becomes important for us to expand our knowledge about the environment and take appropriate actions to protect this element of most importance to human existence. One component of our environment experiencing some of the greatest abuse due to humans is the air. Air pollution has been on the rise ever since the beginning of industrialization. The climbing number of factories and use of cars worldwide are the major culprits of this environmental hazard. There are various gases released into the air that can be considered air pollutants, but one of the most prevalent and dangerous to the environment is carbon dioxide (CO2). Up to 95% of the CO2 produced is the result of natural processes (Burnett & Matthews Jr., 1998). The rest is a direct result of human activity, primarily through the burning of fossil fuels in the production of energy Potential Effects of High Atmospheric CO2 Levels The major effect most scientists fear as the result of increased levels of CO2 in our atmosphere is global warming. By blocking the heat reflected from the Earth's surface, greenhouse gases are able to warm the planet in a similar way to how glass warms up a greenhouse. Without this greenhouse effect, it is calculated our planet would be 35 degrees Celsius cooler worldwide, causing oceans to freeze and greatly altering life (Doyle, 1996). Accordi... ... Carbon Traced To Northern Lands (1995, September 23). Science News, 148 (13), p. 204. Novak, Mary H. (1998, July 24). Kyoto Treaty A Giant Leap into the Economic Abyss. Houston Business Journal, 29 (10), p. 27A. [Online]. Available: http://insite.palni.edu/WebZ/Authorize:sessionid=0. Rising Carbon Dioxide is Great For Plants. (1992, December). Consumer's Research Magazine, 75 (12), p. 25. [Online]. Available: http://insite.palni.edu/WebZ/Authorize:sessionid=0. Singer, Fred S (1996, November 25). Dirty Climate. National Review, 48 (22), pp. 62-64. [Online]. Available: http://insite.palni.edu/WebZ/Authorize:sessionid=0. Smog From the Middle Kingdom (1998, Summer). Earth Island Journal, 13 (3), p. 3. [Online]. Available: http://insite.palni.edu/WebZ/Authorize:sessionid=0. Soil Seen as Missing Sink (1996, September 21). Science News, 150 (12), p. 186.

Wa Student Duty of Care Policy

Memo for The Department of Education and Training, Western Australia (DETWA) To: All School Principals within the DETWA. Subject: A GUIDE TO HELP PARENT’S UNDERSTAND, THE WESTERN AUSTRALIAN DEPARTMENT OF EDUCATION & TRAINING, DUTY OF CARE POLICY FOR STUDENTS. Please find enclosed a detailed guide to helping your parents / caregivers understand the â€Å"Duty of Care Policy for Students†. This guide is an analysis of the policy document noting the key points that are easily understood by parents.The report will also detail two scenarios providing examples of situations that can occur at any school and an action plan response to each scenario by following the duty of care policy guidelines. TABLE OF CONTENTS 1. 0 Introduction 2. 0 Background regarding the policy & Part 1 -Document Analysis 3. 0 Duty of Care explanation 4. 0 Reasonable Care explanation 5. 0 Key points to note 6. 0 Part 2 -Action Plans 7. 0 Scenario 1 & action plan response 8. 0 Scenario 2 & action plan res ponse 9. 0 Conclusion / Personal Reflection 0. 0 References 1. 0 Introduction As parents, the â€Å"Duty of Care† policy is more than likely decidedly foreign. From here many questions, no doubt will arise? Why did the Western Australian government put this in place for their Department of Education and Training? What significance does this document have towards my children, parents may also be thinking? So many thoughts and questions have no doubt once or twice crossed a parents mind. I am sure some may not even be aware of this documents existence. 2. Background regarding the policy & Part 1 – Document Analysis To answer these imminent questions above, the significance of this report is to offer the Parents of Western Australian students attending primary and secondary schools, a further understanding. The Western Australian Government wrote the policy so that it would be implemented within the Department of Education WA and then handed down to all teachers. The docu ment became effective on the 26/06/2007 and updated 02/08/2012. (Department of Education and Training, Western Australia (DETWA), 2012,1). As noted by the Department of Education and Training, Western Australia (2012,3)† this policy was created to ensure that all teaching staff, non teaching staff and volunteers know their legal responsibilities in ensuring reasonable care occurred to maintain the safety and wellbeing of all students whilst in their care and avoid acts that may result in injury. This policy is not just limited to within the school grounds but also outside school grounds, excursions and activities that fall under the care and guidance of school teachers, regardless of where the activity or lesson may occur. 3. 0 Duty of care explanationWhat is the Duty of Care? Newnham (2000, 2) describes the Duty of care as a legal concept that was put in place under the Common Law, and it is well established in education regulations. 4. 0 Reasonable Care explanation with key points to note What is Reasonable Care? The Department of Education and Training, Western Australia, (2012, 3) also describe reasonable care as a situation that will always vary according to the overall circumstances involved. Teachers are to assess the â€Å"reasonableness† of the level of care needed by noting the following probabilities that can interfere or affect the outcome of care.These probabilities are; * The school activity and its nature. * The environment upon which the activity will occur in, therefore the teacher must assess the risk, if any, involved. * Pre-existing medical conditions, like allergies, epilepsy, diabetes. * Ages and skills of the students. * Physical or Intellectual impairments & Behavioural issues 5. 0 Key points to note There are some other key points that the Duty of Care policy would acknowledge. These include that a principal or teacher must ensure that all department employees must hold the necessary identification and qualifications requi red including non teaching staff.Also, volunteers and the like must also possess a working with children check card. The details of this policy and how this check can be completed is found via the following government website, http://www. checkwwc. wa. gov. au/checkwwc The importance of having such a policy is to protect both student and teacher and offer the teacher clear, concise guidelines on what â€Å"duty of care† is expected of teaching staff to reduce the chance of negligence and possible legal implications.A highly topical direct quote included below is from abstract, Newnham, (2000, 1) is particularly pertinent to this report and extremely beneficial to take note: â€Å"The law is increasing affecting the practice of education. The most likely reason a teacher or school will face legal action is in negligence where a student has been injured while under the school’s protection. This may occur in a variety of settings.To satisfy the elements of the tort of ne gligence the student who becomes in law the plaintiff must prove that a duty of care was owed, that the duty was breached, by not maintaining the appropriate standard and that the injury was a reasonably foreseeable consequence of that breach of duty. It would be rare for a teacher to face criminal charges but it could happen if a teacher had an intention to harm or acted recklessly. † (Newnham 2000, 1) The policy document also offers guidelines for parents and caregivers and their responsibilities for their children before and after school care time slots and whilst on school grounds.This will clearly advise the parent / caregiver the times for when their children will and will not be supervised and offer a guide as to whether the student is protected or not under the school’s duty of care policy. 6. 0 Part 2 – Action Plans Below are action plans that a teacher in the following scenarios could note and introduce to ensure that the teacher is consistently adherin g to the Western Australian Government and the Department of Education & Training’s, Duty of Care Policy. 7. 0 Scenario 1 & Action Plan A student is consistently interrupting other students during a classroom lesson.In dealing with this student’s interruptions, the teacher sends the student out of the classroom for ‘timeout’. The teacher tells the student to wait outside the classroom door until asked to return to the room. This reprimanded student is no longer in the teacher’s view. The scenario above notes that the teacher involved has not exercised her duty of care and could be seen to be negligent as the student was no longer in the teachers view. As per notes from Newnham, (2000,46) the teacher has a duty of care to ensure that they are providing adequate supervision and no longer being in view is detrimental to this.The teacher was no doubt disappointed in the student and his associated behaviour but asking the student to leave for timeout cou ld have been handled in a more appropriate way. As per the teachers duty of care policy (Department of Education and Training, Western Australia, 2012, 3) the teacher needed to provide a suitable disciplinary action that ensured the student remained in full view. Otherwise by no longer being in view, the student could have harmed or injured, himself and the teacher would possibly be held responsible for not following the act of reasonable care and therefore classed as being negligent.The teacher could have opted for a variety of disciplinary actions from as painless as giving the timeout punishment and asking the student to remain in the far corner of the classroom until notified or the teacher could have phoned the principal’s office and asked that the principal come and escort the student to the office to remain in timeout whilst in a supervised environment. 8. 0 Scenario 2 & Action Plan A first year student teacher accompanies a supervising teacher out on duty at lunch tim e.While on playground duty, an incident occurs that requires the supervising teacher to accompany a student to the administration block, which is not within the supervision area. The supervising teacher asks the student teacher to remain on duty for her as she tends to the dilemma. This would mean the student teacher would be the only teacher supervising the designated play area at this time. Firstly Newhman, (2000, 49) notes that if the incident was indeed severe enough, ensure that the nature of the incident was documented.Other details that would need to be included in the incident report would be with who was present at the time in the events leading up to and when taking place. This will ensure that if further issue is raised, the teacher can be at ease that they have completed the right steps to ensure that negligence did not take place. Secondly, under the Duty of Care policy (Department of Education and Training, Western Australia, 2012, 3) the teacher should have clarified with the student teacher if they were comfortable to be left to undertake the primary care of the remaining students and be given the right to refuse.If refused, the student teacher would have been best to escort the student to the administration block or even more so the student teacher could have quickly alerted another teacher to come and assist the situation at hand and escort the student or takeover the supervisory role. 9. 0Conclusion & Personal Reflection Whilst reading through the DETWA Duty of Care Policy for Students, I was certainly not aware of the importance of one component of the policy document.The component I was not aware of was that as a teacher, I should be ensuring that any student teacher, non teaching staff or volunteer who may assist in my classroom, has the right to refuse the role of undertaking primary care of the students. If I had to leave the classroom or area where the class was being conducted, I must first ask this pertinent question of â€Å"Are yo u comfortable if I leave the room for said period of time? † This question was simply was not something that I gave much thought to.When I thought about this more, I realised it actually is common courtesy, to simply, ask first and then I will ensure the level of comfort of the other person helping is ascertained. I know that this element of the Duty of Care policy will be something I personally will take on board and remember to use within my classroom. In summary, the Western Australian Government’s, Duty of Care policy is undoubtedly a particularly crucial document. It’s a crucial document that all Western Australian Teacher’s who are employed within the Department of Education & Training, need to follow. As I ecome a teacher, this policy is simply another tool that I as a teacher, must concur with and abide by at all times, whilst the students are under my care. A Student’s safety is one of the most respected trusts that a caregiver / parent wil l ask of me as their child’s teacher. To ensure that I do not lose that vital trust placed in me, it will be essential that I follow these set guidelines from this document. I should also consistently using common sense, adhere to school policy and I then should never have to be concerned with the legalities of negligence and that my students should always be cared for well. Word count 1744) 10. 0 References The Government of Western Australia, (2012) Department of Education & Training: Duty of Care for Students. Western Australia: Retrieved from http://det. wa. edu. au/policies/detcms/policy-planning-and-accountability/policies-framework/policies/duty-of-care-for-students Department of child protection, (2008) Working with children check: Retrieved from http://www. checkwwc. wa. gov. au/checkwwc Newnham, Helen (2000) â€Å"When is a teacher or school liable in negligence? † Australian Journal of Teacher Education: Vol. 25: Iss. 1, Article 5. Available at: http://ro. e cu. edu. au/ajte/vol25/iss1/5

The Effect of Organisational Structure and Culture on Information Security Risk Processes

Risk assessment is regarded as an integral part of any information security management framework. This is because an information security management framework exists to enable an organisation to maximise the use of its information within a level of risk that is acceptable to the organisation. In information security management literature risk assessment processes are presented as pivotal to the success of the information security management framework. Risk assessment is used to establish the ISMS, determine the information security risks that an organisation faces, and identify the security countermeasures necessary to reduce the risks to an appropriate level. The emphasis is on an â€Å"appropriate response† to the measure of risk where appropriate is considered in the overall context of the organisation. Risk assessment is enmeshed with additional organisational processes that construct what is termed an Information Security Management System (ISMS). An information security management system is primarily described in the information security management standard ISO 27001 [9, clauses 4-8]. It is an abstracted organisational model found in information security management literature which articulates a systematised view of the information security management functions and processes described in much of the information security management literature. The role of an Information Security Management System (ISMS) is to ensure that adequate controls are â€Å"established, implemented, monitored, reviewed and improved, where necessary, to ensure that the specific security and business objectives of an organisation are met. † [8, p. viii]. In this regard, an ISMS is comprised of logical management functions and management processes. The relationship between risk assessment and the other information security management processes is described in Figure One which shows that the processes interact in a continuous loop, termed the Plan-Do-Check-Act cycle (PDCA) or Deming Wheel in security management literature. The dominating decision making processes are risk based and constitute some form of risk assessment or evaluation. However the extent to which the process is a â€Å"technical†, standardised one, is highly dependent on the organisational context, as this paper discusses.

Technology Plan Critique essayEssay Writing Service

Technology Plan Critique essayEssay Writing Service Technology Plan Critique essay Technology Plan Critique essayThe Technology Plan Critique helps me to assess the effectiveness of the technology plan specially developed for South-Western City Schools. The major goal of this plan is to provide our schools with the appropriate technology planning tool that will helps schools to introduce and implement new technologies. I realize the significance of this technology plan as it is oriented on the wide introduction of information technologies that can help to enhance the planning process and adapt school curriculum to the required needs. The Technology Plan Critique relates to the standard of the academic development of students.  Ã‚  I believe that the Technology Plan Critique has a positive impact on my personal and professional development. I realize the necessity to successfully implement new technologies in schools. However, I know that the technology plan still has some weaknesses, including possible difficulties in the implementation of new information technol ogies in the classroom. The additional training for educators and students is crucial to use information technology in a proper way.In addition, I realize the necessity to address certain economic problems associated with the implementation of the technology plan. Today the shortage of financial resources to fund schools may lead to the risk of the cut of funding. I believe that educators should find the proper solutions to the existing problems in order to facilitate the use of technology in schools.Thus, the Technology Plan Critique contributes to my personal growth and career development to a great extent. I have assessed the effectiveness of the technology plan developed for South-Western city schools and consider that this plan is prospective. Undoubtedly, the implementation of the technology plan requires certain improvements. I will take into consideration these pitfalls in order to avoid negative consequences in my future professional career.

An Overview Of The Gender Situation In The Philippines Essays

An Overview Of The Gender Situation In The Philippines Essays An Overview Of The Gender Situation In The Philippines Essay An Overview Of The Gender Situation In The Philippines Essay The socio-cultural traditions are clashing with the MET and cyberspace generation. The long history of colonialism has embedded a patriarchal culture among Filipinos. The conception of women as full-time homemakers, as subordinated to men, violence against them is private, as reserve labor force, and as sexual objects is now being eroded by modern women asserting themselves in many aspects of life. But on the other hand, some are either reorganized, discriminated, or even exploited by the harsh realities of global economy and consumerism. Both the changes and the inertia of traditions are the backdrop of a very active and dynamic womens movement. The Philippines is a main player in the international womens arena and this is anchored on a very vibrant local womens movement. Numerous organizations and Nags exist for the cause of gender equality and other related women issues. This puts the gender equality issues at the forefront Of national discourse and precludes further downslide of women status in the modern Philippine society. Indeed, there are many handles for the changes to happen. These legal and policy gains resulted from the strong voice of women that started even during the anti-dictatorship struggle that culminated with the ascension of Corcoran Aquinas as the first woman president of the country. The 1987 Constitution states two prominent provisions. The first in the Declaration of Principles Article II Section 14 which asserted that The State recognizes the role of women in nation-building and shall ensure the fundamental equality before the law of women and men. Additionally, the Article XIII-Labor: Section 14 provided that The state shall protect working women by providing safe and healthful working conditions taking into account their maternal functions, and such facilities and opportunities that will enhance their welfare and enable them to realize their full potential in the service of the nation. Following from constitutional provisions and the subsequent efforts to broaden the its principles, numerous legislation were enacted that relates to the various aspects of women and gender concerns, The list include: Gender and Development Law (5% of government agencies budget is for gender concerns) Party-List Law (women as a particular sector for representation in the legislature through party-list elections) Anti-Sexual Harassment Law (defining SSH and providing mechanisms) Anti- Rape Law (elevation of rape as crime against person) Barraging Day Care Center Law (day care center for every village) Women in Nation-Building Law (allocation of budget for women from development funds from foreign governments and multilateral institutions) Anti Mail- Order-Bride Law (making the practice unlawful) Repatriation Law (repatriation of Filipinos who lost citizenship by marriage in case Of need) Non-Discrimination Law in Labor Code (women protection in hiring and pay) Comprehensive Agrarian Reform Law (equal rights for women to be recipients of land) Military Training equality (women can enter the military and police schools and providing facilities for them) While the legal framework is there, the actual situation mirrors the deep gender divide. In the aspect of women in politics, the notable success of overall women is overshadowed by the actual ground level statistics. The lady Vice-President is up to now a shoo-in in the next presidential elections in 2004. But the big picture shows that of all the elective positions occupied through the 1998 elections, only 15% are women. In the two-chamber Congress, the Senate (Upper House) has 17. 4% women membership (4 out of 23 seats) which the House of Representatives (Lower House) has 12. 4% (27 out of 217 seats). The first party-list elections in 1998 wherein sectors groups like women competed to get a maximum of 3 seats ere party in the House of Representativesresulted in the winning of one (1) seat for a single womens party. Five (5) Other womens party did not make the minimum votes required. At the local government level, women Provincial Governors constitute 17% while Vicegerents are at 1 1. 5% level. Among the City and Town Mayors, 14. 5% of them are women while the ranks of the Vice- Mayors are at low of 10. 8%. The labor force statistics show also a mixed picture. Since there was a notable finalization of the workforce in the past years, July 2000 figures showed that there are 1. 42 million unemployed women while there are 2. 31 million unemployed men. However, more women are taken in for labor flexibility arrangements especially in the big services sector like in retail trade. This leaves them exposed to employment insecurity and unfair compensation schemes. Women still accounts for 53% of the unpaid family workers while they constitute only 37. 7% of the wage and salary earners. Though this shows that the regular income possibilities for women are still limited, the average household annual income of female-headed families is higher. The situation also pushes them to seek employment overseas. Increasing numbers of domestic helpers and entertainers are also being deployed both legally and illegally. Within organizations, the gender balance is under overhaul. Trade union leadership is still male-dominated but women committees and affirmative actions have changed the complexion of decision-making.

Best banking choices for students

Best banking choices for students Important facts for students to select a bank Nowadays it is so great that we have such diverse choice of banks. The banking system and variety of options offer students a lot of possibilities that provide financial freedom. But the questions of that sort should be treated very carefully, since only one wrong step can result in big debts or higher interests. While making choice, one should work out his/her own strategy and think over what bank and what exactly options required. Of course, there are a lot of bank institutions, but you should identify those, which have the most favorable offers for you as a student. They have different options for various targeted groups, filtrate carefully those, which can be of your concern. Short term overdrafts to pay for your custom essays or long term cooperation with setting up a deposit account: decide what you need. We provide for you some other factors you should take into account, before getting involved into financial cooperation. Consider suggestions and free options carefully Attracted by favorable free options of some banks? Of course, they know what they are doing. But do not get trapped! Free short lasting suggestions soon end and you can be faced with less profitable variants of financial service. Thus, having made certain sum of money, you can be looking for the suitable circumstances of saving account opening. Do not forget to monitor the interest rate you will earn within certain period at several banking houses and select that one, which will bring you the biggest profit. Do not fall for free MP3 downloads or few-days free Wi-Fi options if you lose in the interest rate. That is not worth it. Overdraft: amount, limit and interest. Most likely reason people partner with bank is for sure overdraft. Find out what is the maximally possible amount of overdraft, which you can receive as a student. Also ask about the necessity of exceeding limit and the interest it results in. Discover all details and consider all facts. Thus, there are a lot of banks, which offer interest-free overdrafts for students for couple of years and it is really great opportunity for you. One more thing you should bear in mind is that banks will not certainly provide you with the maximal announced sum of the overdraft. Most often it is available only for students of the final year, who have eligible credit rating. So if they say that the maximal possible overdraft is up to  £2,000, there is no guarantee that you will obtain this sum. The repayment procedure It is great if you manage to return the overdraft in time within the interest-free period. But the time spins away and one day you can discover that you are obliged to pay interest charges. That is why before taking overdraft consider all details of the repayment procedure. You should know the exact date when you should return the money and confirm if it should be during the university studies or is supposed to be after graduation. Find out all the details for all the possible scenarios of this financial situation, so that you can be sure that you will be in an advantageous position in any case. Gain the credit rating Starting with small overdrafts, step by step you develop and elaborate your relationships with bank. Such kinds of relationships and partnering result in credit rating. Credit rating is an estimate of your income, borrowed amount and spending history. It is a score, which you receive from bank from the point of view of risk and your financial eligibility. Having trustworthy credit rating you can receive the bigger overdraft amount or gain other favorable options. Think, learn and make your choice being very attentive or even pedantic. We know that this is not much likely for students to give much attention to such boring questions, but the financial concerns are those which definitely should not be neglected.

Communication Technology and Society Term Paper

Communication Technology and Society - Term Paper Example This shows that overall Indonesia does not have an upper hand over technology, other than the communication, that is mobile and internet sectors of technology (Okamoto & Sjoholm, 2001). The paper will analyze the social construction of the country which has allowed it to gain great technological advancement in the communication sector, irrespective of the fact that the overall technology of the country has not been enhanced to the same level. Issues One concern that is been raised in the paper is that the government has taken the right approach towards the technological development in Indonesia. Another matter of concern is the imbalance in communication technology and industrial technology of the country. It also raises the issue that the focus towards communication technology might have diverted the attention of government, policy makers and general people to the same technological advancement in other sectors of the country. Purpose It is defined in the research of Anderson, Carte r, & Lowe (1999) that communication technology is closely related to the social and behavior components and patters of the society. These components are defined as factors in the â€Å"Adoption Model† where there is a room for modification and innovation in the system structure. Anderson, Carter, & Lowe has explained in his report that communication technology is more related to the social structure of the country, whilst industrial technology is more related to the governmental structure and economic outlook. The solidarity of the social structure is thus demonstrated from the communication advancement in the country (Anderson, Carter, & Lowe, 1999) (Daft & Lengel, 1984). The government of Indonesia is well set for starting its 4G communication plan and hardware for... One concern that is been raised in the paper is that the government has taken the right approach towards the technological development in Indonesia. Another matter of concern is the imbalance in communication technology and industrial technology of the country. It also raises the issue that the focus towards communication technology might have diverted the attention of government, policy makers and general people to the same technological advancement in other sectors of the country. The government of Indonesia is well set for starting its 4G communication plan and hardware for implementing the setup has already been established. This paper makes a conclusion that the communication technology swift observed in Indonesia is interdependent on the environment and the social setting of the country. It is not simply the role of companies innovating and advancing these communication services, but also the impact of how these social attitude and behavior which are stimulating the process of technology. Indonesia had initially adopted the communication mediums from other countries. As communication technology served as the source of gratification and satisfaction for people, the government has to associate this perception with other modes of technology as well. Facts from Indonesia demonstrates that social construction and society shift of the country has palsied a significant role in the communication technological up-liftment of the country.

National cash Register Company Essay Example | Topics and Well Written Essays - 1250 words

National cash Register Company - Essay Example It can be viewed that over 300000 NCR ATMs are installed throughout the globe. In order to upgrade ATM’s security, NCR created a software solution to implement in all of its ATM machines. At the same time, Korala Associates Ltd. (KAL) argued to have created a comparable security up-gradation for NCR’s ATMs. For developing such software, KAL has entered into agreement with NCR in the year 1998 (the â€Å"1998 Agreement†). Thus, in order to facilitate such process, NCR had financed KAL a property ATM which involved copyright software known as APTRA XFS (Gehrke & Associates, S.C., â€Å"United States Court Of Appeals For The Sixth Circuit†). ISSUE: NCR assumed that KAL had obtained access to make unauthorized use of the copyrighted software and claimed that KAL had involved in unlawful copying of APTRRA XFS software. NCR further claimed that KAL has developed its version of security upgradation only by engaging in this unauthorized activity. NCR brought a sui t claiming copyright infringement against KAL (Gehrke & Associates, S.C., â€Å"United States Court Of Appeals For The Sixth Circuit†). Law: The court stated that the dispute amid the parties not only rely upon the scope of the arbitration clause, but also remains much focus upon determining whether claims would be ruled under the arbitration clause of the contract. ... im to be decided by arbitration because it wanted to seek remedy against the intentional act of breaching its licensing agreement (the 1998 agreement) by KAL and also because infringement of NCR’s copyright in APTRA XFS software which would be dispositive to this claim. It can be affirmed that NCR could have a claim that KAL engaged in unfair competition because KAL indulged in conducting unethical business practices through misusing misused trade secrets and other valuable property information (Gehrke & Associates, S.C., â€Å"United States Court Of Appeals For The Sixth Circuit†). AMERICAN NEEDLE, INC .V. NATIONAL FOOTBALL LEAGUE (CASE 28.1) FACTS: The National Football league (NFL) includes thirty two independently owned qualified football teams. Every team possess name, logo and colors along with own associated intellectual property. In 1963, the teams created National Football League Properties (NFLP) to build up license and promote their trademarked objects includ ing caps and jersey. NFLP has approved licenses to number of traders allowing them to produce and sell clothes embedding team insignias. American Needle, Inc was one of the licensees. In the year 2000, NFLP approved Reebok International Ltd an absolute ten year license to produce and trade trademarked headwear for entire thirty two teams. Thereafter, it refused to refurbish license of American Needle (Robins, Kaplan, Miller & Ciresi L.L., â€Å"Supreme Court of the United States†). ISSUE: American Needle filed a suit in a federal district court claiming that the contract involving the NFL, the NFLP, its teams and Reebok infringed Sections 1 and 2 articulated in Sherman Act. Law: In response, the defendants affirmed that they were unable of work against within the section 1 â€Å"because they are single