Assigment #1 Assignment Example | Topics and Well Written Essays - 1000 words

Assigment #1 - Assignment Example In line with this, I find the English colonists as someone who is more superior as compared to the American Indians. Even though the English colonists acknowledged the fact that the American Indians were highly competitive in terms of their progress in economic activities particularly when it comes to hunting and agriculture, there were quite a lot of situational events wherein the English colonists were treating the American Indians badly. In most cases, the English colonists viewed the American Indians as a group of weak individuals who can be easily manipulated through the use of religious activities. I believe that the familiarity between the captive people and the colonists can be explained with the use of frontiers of inclusion or exclusion. Specifically the English colonists adopted the frontiers of exclusion when they settled in North America. Since frontier of exclusion means that they distance themselves from other culture and race, the English colonists never had the opportunity to become more acquainted with the American Indians (Mancall, 1995, p. 2). For this reasons, the English colonists failed to have a better understanding with regards to the strength and weaknesses of the American Indians. This gives the American Indians the benefit of not being able to become strongly manipulated by the English colonists. The same applied on the part of the American Indians. Because of the use of frontier of exclusion, the American Indians do not clearly know the real reasons why the English colonists chose to colonize their country. In fact, the American Indians were not able to have the opportunity to know more about the English culture. The only thing that the American Indians know is that the English colonists were abusive to their tribe. With regards to this perception, the American Indians became more familiar with the English colonists. The benefits and liabilities behind invading another country is not always clear

Mathematics and ESL Students Essay Example for Free

Mathematics and ESL Students Essay With the changing demographic in schools and cities, there should be a growing focus on the method of teaching to be sensitive to the needs of ESL learners. In the article Supporting ESL Students among the key insights was the need to build foundations. As in any curriculum or area of learning, it is necessary to build on a strong base and establish fundamental concepts for learning to be fluid as knowledge areas expand. Consider how mathematics was first introduced or taught to students. To be able to fully grasp mathematics, one must first learn addition and subtraction. From there one can learn multiplication and division then fractions. This method of teaching and learning emphasizes the need to build on a strong base. For ESL students the case is similar, in that first they must build a strong foundation of language, meaning develop a knowledge of basic or fundamental words, and from there move on to abstractions and conjugations. By first understanding root words and key structural and grammatical rules, they are able to build on a solid foundation and thus better understand more complicated concepts. A sensitivity to language, grammatical structure and word usage is necessary because for ESL learners, understanding of mathematical concepts only come after successful communication. In Reforming Mathematics Instruction for ESL Literacy Students, authors Buchanan and Helman (1997) concur with the initiative to engage learners in collaborative learning. In this case, students are challenged cognitively by encouraging them to investigate, formulate and comprehend mathematical concepts through classroom activities. By engaging learners in activities that will require them to formulate their own questions, engage in classroom discussion or interact with others in an attempt to communicate their learning, then students are stirred clear of becoming passive learners. By engaging their understanding, then learners have a better chance of fully grasping concepts as well as remembering them. As the old adage goes, â€Å"Practice makes perfect,† in the case of mathematics and the English language, nothing can be more appropriate. By encouraging students to practice their language skills as well as their understanding of the mathematics, they hone their knowledge and skills set. Encouraging and helping develop fluency helps students in many different ways. First they are better able to understand instruction later on, second they are better to communicate their own thoughts and insights and third, they build a knowledge foundation of which they can build upon later on. Learning mathematics is often like building a pyramid. For one to be able to successfully learn mathematics, one must begin with a strong foundation of basic mathematics concepts and only from there can one progress. In teaching mathematics, strong foundations should always be the point of reference. As such, linking mathematical concepts with prior knowledge and experiences make it easier for the student to relate the topics and then connect it to their own lives. In this sense, learning becomes more of a personal and integral experience rather than a passive encounter. By being able to successfully relate mathematical concepts to more familiar terms and experiences the fatigue or fear associated with the technical aspects of mathematics can be reduced as well. Learning mathematics in itself is a challenging task on its own. For ESL learners the challenge of learning mathematics is only compounded by the task of having to negotiate an unfamiliar language. As such in the instruction of mathematics to ESL students it becomes necessary for the instructor to be sensitive to these needs. A focus on providing instructions that would build good foundations in language, grammar and understanding of mathematics is integral. Similarly, positive reinforcement of learning through the encouragement of continued communication between students and classroom activities that promote practical utilization of concepts learned, promotes the better understanding of math as well as language. Reference List Buchanan, K. and Helman, M. (1997). Reforming Mathematics Instruction for ESL Literacy Students. Center for Applied Linguistics. Retrieved 10 March 2009 from http://www. cal. org/resources/digest/buchan01. html

Becoming a Teacher: My Philosophy on Education Essay examples -- Teac

Becoming a Teacher: My Philosophy on Education When did education start? Do we still need education to function as a society? How long will public education remain a kindergarten through twelfth grade curriculum? The answers to these questions will vary from person to person, but they will all have one common theme: education will and must go on! Education is the key to a progressing society. Education is the only way that knowledge is passed from generation to generation. In this paper I will explain why I wish to teach, my educational goals, and the philosophy that I will use during my teaching career. Becoming a teacher in today’s society is not the most choice among our society. People tend to demean the profession of teaching in that it does not pay enough money. I have been told that I should not become a teacher for this reason and even considered not becoming a teacher because of the poor pay. Now, I would have to disagree with this precept. Teaching is probably one of the most underpaid careers that one could pick; but for me I believe that the personal satisfaction outweighs the pay. Teachers are not going to have the biggest houses or the most expensive cars, but truthfully I do not strive for those possessions. I believe that teaching requires great skill and professionalism. In order to teach someone, you must know the subject that you are teaching well. The field of education is not for everyone; it takes a special person that has a genuine love for children and can get students motivated to learn. My love for a subject, secondary mathematics, and my natural desire to help others are the reasons that I wish to become a teacher. From th... ...as a philosophy because I believe that a student should have to learn ideas that have lasted over centuries and use the ideas within the classroom. For example, a student should have to use the rules for derivatives in calculus because they have lasted over time. When I become a teacher I hope to incorporate all of these philosophies into my classroom. Teaching is not a profession that today’s society would call a rewarding profession because of the demands and poor salaries. I struggled with not making enough money for a little while, but have since put that behind me. I realize I can change some students’ lives. This is more rewarding than money and will make an impact on my students for years and years to come. I strive to be the best teacher that I can be so that my students will enjoy school and maybe, one day, want to become a teacher too.

Bloodless Revolution

â€Å"THE BLOODLESS REVOLUTION†. Talking about the first coverage, Economic Crisis’ causes and results are one of the main root cause of ‘Martial Law’ back then. Economy of many developing countries, including the Philippines, has reached its instability in its peak. When Ninoy Aquino was assassinated, many have now the courage to protest and do demonstrations against Marcos Regime whether or not in Manila which caused investors to back out since they are afraid of economical instability that had been continuously brought by these protests. Since there is already economic crisis that time, many are fired from their jobs thus, leaving the country to widespread unemployment and these unemployed Filipinos joined the rallies and marches leading to more popular grievances and discontent. Human rights violation were rampant and landlordism and poverty grew. Due to his criticisms not only in the country but from other nations as well, Marcos declared ‘Snap Elections’ with Cory Aquino as his main rival. He won evetually because of massive fraudility. This has enraged Filipinos with their leader C. Aquino and boycott Marcos’ allies’ companies. This has led to greater protests and marches and apparently, bloodless revolution took place with the help of Jaime Cardinal Sin, Agapito Aquino, Juan Ponce Enrile, Fidel Ramos, religious organizations, and most importantly, the Filipino people. Marcos has left the country with his family and went to Hawaii through the help of US Air Force. Cory Aquino has been declared by the mass as the President of the Philippines with her Vice President Laurel and implemented the 1987 Constitution which replaced the merciless ‘Martial Law’ of Marcos People Power Movement refers to the popular uprising that ousted Philippine president Ferdinand E. Marcos in February 1986. Also known as the EDSA Revolution, the uprising was in reaction to the massive fraud and violence unleashed by the government to ensure that Marcos and vicepresidential candidate Arturo Tolentino would win the so-called snap  elections  that Marcos had called earlier that month. The opposition ticket was headed by Corazon Aquino, wife of former Senator Benigno â€Å"Ninoy† Aquino, who was assassinated in 1983 by  elements  of the Philippine  military  as he debarked his plane at the  Manila  International Airport  (since renamed Ninoy Aquino  International  Airport). Many believed that Aquino and her running mate,  Salvador  Laurel, would have won had the  electionsbeen fair and honest. Massive demonstrations were held in front of Malacanang (the  presidential  palace) and two  military  camps located at Epifanio de los Santos Avenue (EDSA). The peaceful uprising became a model for other countries wishing to change their government without resort to a  military  coup or a bloody revolution. Having the evaluation, the question that the reporter wanted to ask is that—having now the clearer scenario and better knowledge about the EDSA Revolution I, which is more preferable: DICTATORSHIP or DEMOCRACY? As for my perspective, it would be STILL DEMOCRACY. People will tend to say that dictatorship is better since many Filipinos now are not abiding the law and usage of force in its implementation would be the best solution. But then, I think the main and very problem of out country is the misunderstanding and mis-usage of the word FREEDOM in which DEMOCRACY is quoted with. True Freedom and Democracy would always come with rights and responsibilities as citizens of our country. It is all about change—not for the worse but for the betterment.

Mktg Plan for Jollibee Essay

Jollibee’s growth is due to its delicious menu line-up – like its superior-tasting Chickenjoy, mouth-watering Yumburger and Champ hamburger, and deliciously satisfying Jollibee Spaghetti -ably complemented with creative marketing programs, and efficient manufacturing and logistics facilities. It is made possible by well-trained teams that work in a culture of integrity and humility, fun and family-like. Every Jollibee outlet welcomes customers with a clean and warm in-store environment and friendly and efficient service. And it is this tried and tested formula of delivering great-tasting food, adherence to world class operating standards and the universal appeal of the family values the brand represents that are driving the expansion of Jollibee both locally and in the overseas market. BUSINESS TREND ANALYSIS Fast food or quick service restaurants have come a long way since 1921 when White Castle, the first fast food hamburger chain, sold burgers at five cents apiece and ended its first day with a US$3. 75 profit. Arguably, A&W was the first fast food restaurant having sold the first frosty mug of A&W root beer for one nickel in 1919. In the Philippines, Tropical Hut Hamburger is reputedly the first hamburger chain dating back to 1965. The trend of eating out spending and fast food expansion as a vehicle to growth will continue as long as there is fierce competition in the workplace. The drive towards competitiveness with longer working hours and no time for home cooking coupled with the people’s continuing desire for new fast food concepts will allow innovative and progressive food chains to prosper. A downside to this is the changing eating habits, which some researches suggest has led to an unhealthy lifestyle. However, fast foods have been made aware of this situation and are starting to offer healthier options. The fast food industry is not without its challenges, especially in the United States. From rising food costs, economic recession and changing perceptions about health, many fast food franchises have been feeling some heat. But rather than flee from this challenge, the fast food industry has been adopting new practices and offering new products. Modern society is on the go, and there is plenty of demand for a quick bite at all times of the day. Fast food franchising opportunities exist in the â€Å"traditional† spaces like burgers and pizza, but are also sprouting up in healthy and unique ways as well. The fast food industry, also known as Quick Service Restaurants (QSR), has been serving up tasty morsels for as long as people have lived in cities. The modern system of fast food franchising is believed to have started in the mid 1930’s when Howard Johnson franchised his second location to a friend as a means to expand operations during the Great Depression. And oh how it has grown! As cars became commonplace, the drive-thru concept brought explosive growth to the idea of food-on-the go. â€Å"Fast Food† was added to the Merrion-Webster dictionary in 1951 and U. S. fast food companies are now franchised in over 100 countries. In the U. S. alone there are over 200,000 restaurant locations! Revenue has grown from $6 billion in 1970 to $160 billion last year, an 8. 6% annualized rate. Fast food franchises focus on high volume, low cost and high speed product.

Television Sitcoms Influence on the American Dream Essays

Television Sitcoms Influence on the American Dream Essays Television Sitcoms Influence on the American Dream Paper Television Sitcoms Influence on the American Dream Paper Ever since the event of television itself the theme of the American dream has been interwoven into our sitcoms reinforcing a lifestyle of individual liberty, wealth and successful relationships. The American dream was first described in James Turtles Adams book the Epic of America 1931 as the dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. Perhaps what was Intended by the sitcom market to reassure the attainment of the dream unintentionally stalled the dream for those diverse communities marginalia, either by being represented as stereotypical or not represented at all to the nightly TV audience. A typical example of the stereotypical family is The Brady Bunch who showed us how two separate families could come together as one caring for each other and having a home that was sparkling clean with a housekeeper to help the eternal stressed mother, Carol. Mike, the father, came home after a long day to a three course meal with his beaming wife and children gathered around the table. Was this what Americans perceived as normal? Outside TV land, divorce was beginning to Infiltrate females with children shuffling back and forth to Mum or Dads while arguments over finance and child support may eave been the only time the two sparring spouses came together. Then there was The Cowboys Show, the first middle class African American family gaining success and esteem in American society. Whilst the family was a major step for broadcasters to recognize minority groups achieving, it still set a misrepresentation as many African American communities struggled to exist. Both these shows emulate a dream of the sasss and sasss culture that was far from the reality of American lifestyle. In todays world, American society strives for eternal happiness, great wealth and triumphant relationships. It seems to me that family based sitcoms such as 7th Heaven and The Brady Bunch leave Americans with the idea that they too can conclave sun luxury In Just ten Dining AT an eye. 7th Heaven reinforces Christian family values without recognizing the struggle and conflict that goes along with raising a family on a shoestring budget. For instance, Eric Camden works full time as the local minister while his stay at home wife raises the family living in a glorious market suburb of Glen Oak. Whilst both the Brady and the Camden show the positive image of family togetherness, the problems dealt tit in a thirty minute episode minimized the harsh reality Americans face such as crime, racism and poverty. Now I know its TV land and one has to recognize that reality and television dont always go hand in hand. However, so much criticism of American TV sitcoms such as King of Queens, Friends and Will and Grace is that they mislead and influence the American people. Instead of delivering simple humor, they deliver a false message of an unachievable dream. Do the shows reflect society or does society try to reflect the shows? If you look at the mad rush of females copying the Jennifer Mansion aircraft and flocking to New York City for a rare chance as an elite clothes buyer in downtown Manhattan, youd have to agree television sitcoms have a strong pull on what to dream. Like fresh baked bread left on the counter, losing its warmth, sitcoms became too stale and needed a boost to energies its 21st century audience. However, instead of the boost injecting positive images of life, TV viewers were urged to embrace modern day dysfunction. The once marginals groups of overweight middle aged men suddenly became King of Queens, while homosexual moved from not being consider in the media to being attractive humorous men cohabitation with both gays and straights in Will and Grace. Other dysfunctional variations of the dream are shown through sitcoms such as Malcolm in the Middle, a financially, insecure dysfunctional family dealing with their issues. Although this may come across as more realistic, I assure you its not. Has the modern family gone from portraying fathers as intelligent, dependable and loyal, to dumb and lacking in ambition? Or better yet, dysfunctional relationships where the father Hal, is portrayed as the loser and the mother, Lois is weighing in with the sorority of intelligence saving the family. Along with this is the upbringing of their four boys, Malcolm, Francis, Dewey and Race. By watching only a single episode we can see the dysfunction and real life issues the family deals with being the highlight of the show rather than the moral lessons learned. Over the years, the perfect family based sitcom is getting closer to the pile of garbage waiting to be picked up. Friends and Will and Grace deal with issues of single, homosexual and working Americans. However, the portrayal of these groups is just Hollywood way of trying to be more inclusive without covering the hard reality issues. Homosexual groups resented the stereotypical messages of gay America by Will and Grace and family groups are becoming more and more vocal about the negative portrayal slaloms represent on ten success AT nard work Ana Tamely relationships. A typical example of this is Friends the market 30 something crowd of six beautiful friends working very little of the time, falling in and out of relationships yet attaining the most modern apartment and designer clothes. In fact Rachel who works very little of the time gets to fly off to Paris for her dream Job with no sighing of the baby she had as a single mother a few episodes previously. Overall the message now is its K to be sarcastic, cynical and dumb, rather than reach for the best. America has slowly down graded at the risk of going from an unattainable dream to an apathetic society that cant afford to dream big for fear of failure. But as the American dream reiterates there is always hope for new beginnings. Maybe the solution is simpler than we think. We should move off our couches, turn off the TV and embrace our own dream. Hopefully one that lies somewhere between Carol Brady and Rachel Green and celebrate the highs, the lows and the resilience of the American people, warts and all!

The invention of the Airplane essays

The invention of the Airplane essays Orville and Wilbur Wright invented the Airplane on Thursday, December 17, 1903. These two brothers change history forever. Because of there great deal of passion and motivation we could travel at a faster speed all over the world. Of course that many inventions have there advantages and disadvantages. The airplane had and still has many ups and downs but we could try to over come these things and just try to see the positive side of this great invention. The Wrights Brothers had a good childhood. There parents tended to travel a lot so they got to know different places around the United States. As a young teenager Wilbur got hit with a bat across his face while he was ice skating. at the moment it didnt seem as if he was really hurt but later on he began to be affected with nervous palpitations of the heart which excluded the recognition of the idea of his parents, of giving him a course in Yale College. For the next four years, Wilbur stayed at home, suffering from a depression as from his heart disorder. During this time, Wilbur cared for his mother Susan, who was dying from tuberculosis. During the year 1900,1901,1902,1903 Wilbur and Orville decided to start working on a project together. They decided to put there hands into building the worlds first Airplane ever. At the time, it seemed a great deal of skill would be necessary to fly, so they found a great deal of practice would be necessary. Wilbur initially proposed to build a 150 foot tower with a pulley at the top. A rope, attached to the glider, would pass over the pulley and be tied to a counterweight, supporting part of the weight of the craft. Wilbur believed this arrangement would permit the pilot to practice the skills needed to fly even if the craft was not yet fully airworthy. Octave Chanute wisely recommended against this course of action, instead encouraging the brothers to find a place with lots of san ...

Understanding Simple vs Controlled Experiments

Understanding Simple vs Controlled Experiments An experiment is a scientific procedure used to test a hypothesis, answer a question, or prove a fact. Two common types of experiments are simple experiments and controlled experiments. Then, there are simple controlled experiments and more complex controlled experiments. Simple Experiment Although the phrase simple experiment is tossed around to refer to any easy experiment, its actually a specific type of experiment. Usually, a simple experiment answers a What would happen if...? cause-and-effect type of question. Example: You wonder whether a plant grows better if you mist it with water. You get a sense of how the plant is growing without being misted and then compare this with growth after you start misting it. Why Conduct a Simple Experiment?Simple experiments usually provide quick answers. They can be used to design more complex experiments, typically requiring fewer resources. Sometimes simple experiments are the only type of experiment available, especially if only one sample exists. We conduct simple experiments all the time. We ask and answers questions like, Will this shampoo work better than the one I use?, Is it okay to use margarine instead of butter in this recipe?, If I mix these two colors, what will I get? Controlled Experiment Controlled experiments have two groups of subjects. One group is the experimental group and it is exposed to your test. The other group is the control group, which is not exposed to the test. There are several methods of conducting a controlled experiment, but a simple controlled experiment is the most common. The simple controlled experiment has just the two groups: one exposed to the experimental condition and one not-exposed to it. Example: You want to know whether a plant grows better if you mist it with water. You grow two plants. One you mist with water (your experimental group) and the other you dont mist with water (your control group). Why Conduct a Controlled Experiment?The controlled experiment is considered a better experiment because it is harder for other factors to influence your results, which could lead you to draw an incorrect conclusion. Parts of an Experiment Experiments, no matter how simple or complex, share key factors in common. HypothesisA hypothesis is a prediction of what you expect will happen in an experiment. Its easier to analyze your data and draw a conclusion if you phrase the hypothesis as an If-Then or cause and effect statement. For example, a hypothesis might be, Watering plants with cold coffee will make them grow faster. or Drinking cola after eating Mentos will cause your stomach to explode. You can test either of these hypotheses and gather conclusive data to support or discard a hypothesis.The null hypothesis or no-difference hypothesis is especially useful because it can be used to disprove a hypothesis. For example, if your hypothesis states, Watering plants with coffee will not affect plant growth yet if your plants die, experience stunted growth, or grow better, you can apply statistics to prove your hypothesis incorrect and imply a relationship between the coffee and plant growth does exist.Experimental VariablesEvery experiment has variables. The key variables are the independent and dependent variables. The independent variable is the one you control or change to test its effect on the dependent variable. The dependent variable depends on the independent variable. In an experiment to test whether cats prefer one color of cat food over another, you might state the null hypothesis, Food color does not affect cat food intake. The color of the cat food (e.g., brown, neon pink, blue) would be your independent variable. The amount of cat food eaten would be the dependent variable.Hopefully, you can see how experimental design comes into play. If you offer 10 cats one color of cat food each day and measure how much is eaten by each cat you might get different results than if you put out three bowls of cat food and let the cats choose which bowl to use or you mixed the colors together and looked to see which remained after the meal. DataThe numbers or observations you collect during an experiment are your data. Data are simply facts.ResultsResults are your analysis of the data. Any calculations you perform are included in the results section of a lab report.ConclusionYou conclude whether to accept or reject your hypothesis. Usually, this is followed by an explanation of your reasons. Sometimes you may note other outcomes of the experiment, particularly those that warrant further study. For example, if you are testing colors of cat food and you notice the white areas of all the cats in the study turned pink, you might note this and devise a follow-up experiment to determine whether eating the pink cat food affects coat color.

Simple moving average for product 8 Term Paper Example | Topics and Well Written Essays - 250 words - 1

Simple moving average for product 8 - Term Paper Example Valuable information will need to be strategized based on the product name, store, product store id, sales, promotion, date, 3 weekly, and 4 weekly. The selected product data will be based on a long period of time. The strategy will be tested on the products rather than an individual product, for the reason that the representative products will be tested. Since the daily product data was not available, the three and the four week data will be used instead. One advantage for the strategy is that the transaction cost will be reduced2. For product store 8a, the forecasting accuracy for 3 and 4 weekly are 7.6 and 6 respectively. Product 8b for 3 and 4 weekly are 13.67 and 15.5 respectively. Product 8c1 are 4.67 and 3.5 for 3 and 4 weekly respectively. For product 8d1, the forecasting accuracy for 3 and 4 weekly are 20.33 and 22.5 respectively, while the forecasting accuracy for 3 and 4 weekly are 4.667 and 5.75

Medical law Essay Example | Topics and Well Written Essays - 1000 words - 2

Medical law - Essay Example The only exception to this case is when Clare comes from or resides in Northern Ireland or any other, state or region that is outside the United Kingdom mainland. Secondly, the reason Clare and Sarah’s advance to have the pregnancy terminated is valid, given that it is based on the baby’s susceptibility to incur disability and the mother’s ability to biologically handle the pregnancy. The Abortion Act of 1967 indeed qualifies a high probability of the baby developing medical conditions and the vulnerability of the mother to health risks as conditions that independently validate grounds for therapeutic abortion. It is important that Clare ensures that she procures the abortion in a specialist licensed clinic or in a licensed hospital. Secondly, Clare should ensure that at least two physicians analyse her situation and agree that the abortion procedure will cause less damage to Clare’s mental and physical health than a situation in which Clare carries the baby. At the moment, Clare has to be aware of the fact that the Abortion Act of 1967 respects the sanctity of her choice as an independent individual. This means that the final decision to terminate the pregnancy fully rests upon her decision and free will. The import of this is that the standpoint that others such as Ian, Sarah and Rose may have towards Clare’s choice may be immaterial, the degree of biological affiliation that any of these parties may have with the child, notwithstanding. Likewise, it is to be brought to Clare’s attention that Ian’s act of disclosing her medical details and history is a criminal offence which is punishable by law. The decision to grant Ian pardon or to launch a legal case against Ian will therefore remain a matter of personal discretion. Ian, (note that) your commitments to ethics as the grounds on which you object Clare’s resolution to procure an abortion are commendable. However, I would like to bring your

Religion in America Essay Example | Topics and Well Written Essays - 750 words

Religion in America - Essay Example In 1776, this religious vigor led to rebel of Americans against their colonizers, the Great Britain. In forming governments, at both the state and national levels following these rebellions, American political leaders shared the conviction that religion was indispensable in maintaining the republican institutions. The efforts of these United States’ founders to define the significance of religion during this revolutionary time helped in shaping the American’s future leadership within institutions and communal organizations. Through the same spirit of transformation, religious transformation that took places in different parts of the Europe also affected the lives of African Americans quite significantly. The foundation, creation, and development of purely black churches were the greatest achievements in the reconstruction era. African-Americans conceptualized this reconstruction as freedom (Ebel 24). Notably, churches were the first institutions to be managed and controlled entirely by the black community. Just before the American civil war, many black slaves had secret religious meetings that were held off the presence of their masters/whites. Nonetheless, some free blacks formed part of biracial congregations that were controlled by whites and in most of these congregations; blacks were to sit behind whites during the service (Ebel 200). Blacks sharing churches with a white was a predominant practice in the south and was introduced by the Anglican ministers. Emancipation made blacks withdraw from these white managed institutions. They pulled resources and initiated their own churches.

Marijuana Essay Example | Topics and Well Written Essays - 1750 words

Marijuana - Essay Example This paper discusses legalization of marijuana, as a contemporary issue, with an opinion that the drug should be legalized for its potential benefits to the society and the nation. The paper reviews existing opinions on whether the drug should be legalized or not. One of the major concerns that have led to calls for legalization of marijuana is its diverse potential benefits to the society. Most significant benefit of the drug is its application as medicine following identified adverse effects of chemical based medicines. With increasing rate of depression and diseases such as cancer, and with emergent of adverse effects of the applied drugs for their prevention and treatment, scientists and doctors have appreciated the need for treatment approaches to which patients’ bodies do not adversely react. Natural medicines have as a result become a focus, owing to their less significant side effects as compared to industrial medicines. Chemotherapy and anti-depression pills, as contr ol and treatment methods, have for example exhibited extreme side effects that could even cause people to resort to suicide as a means of getting away from pain and suffering that they live in. However, with better research and newly developed technology, scientists have found that a majority of natural supplements are healthier for treatment of certain illnesses. Medicinal application marijuana, for instance, has many benefits and is currently prescribed to patients with diseases ranging from Alzheimer to HIV, to help with treatments. The drug is also effective in managing stress and depression and therefore makes life a little simpler. Even though marijuana portrays many medicinal benefits, its advantages should not be used as a way to promoting abuse. This means that its use should be regulated like in cases of alcohol and tobacco, whose consumption effects are in some cases worse than marijuana’s. Debates are currently ongoing, both in Congress and all over the world, on whether to legalize marijuana or not. Even though it is still illegal, marijuana’s consumption is widespread and most Americans have at least tried it, or are using it to help them overcome stress. The drug is also an ‘all-natural’ plant that grows anywhere in the world has high demand and supply. The root cause of its contention, however, is the fact that drug lords and marijuana growers started adding chemicals to the commodity. This causes users to become addicted to the modified product and after a while of use, start consuming stronger drugs. That is why marijuana is called a gateway drug. Should Congress pass the bill to legalize marijuana, Food and Drug Administration agency will supervise the product’s sale and consumption. It will be legally available to the public from pharmacies and sold on prescription. Gangs and drug dealers will not sell it on the streets, due to the vast drop in prices from the legalization, and its consequential easy access to the public. Right now, however, if there were no marijuana in the streets, people would be forced to use worse drugs, like cocaine, or crystal meth; those types of drugs that can affect a person’s health physically, mentally, and are highly addictive. Social responsibility, rather than legal restrictions, can better resolve the opposing opinions over legalization of marijuana. In Saudi Arabia for instance, people do not accept drugs socially or

Assignment Essay Example | Topics and Well Written Essays - 250 words - 7

Assignment - Essay Example The directors can get an external expert to help in their deliberations (Melbinger 7). The board of directors who are making the executive pay decisions should consist of individuals who are able to reflect diverse viewpoints, but they should be too many. This will enable the directors to consider different options and choose from the best one. The right number of board members in the executive payment committee should also know what is required of them and be ready to do the right thing. They should be afraid to make decisions which touch on the company’s executives, as long as their decisions are in the best interests of the company as a whole (Reda, Reifler and Thatcher 5). The Social Security Act of 1935 was passed during President Roosevelt’s first term as part of his New Deal program. The Act was passed in the back drop of rising poverty and unemployment levels after the Great Depression. The Act was drafted to take care of the needs of those mostly affected by the financial crisis at the time. These people included: the poor, the unemployed, widows, fatherless children and orphans (Attarian 85). According to Attarian, wage and salary workers who were under the age of 65 and employed in commerce and industry sectors within the US were covered in this act. However, domestic workers in private homes, agricultural laborers, casual laborers, ship crew members and officers, Federal Government employees, individuals working in state and local governments, NGO employees and those who were self employed were could not enjoy the benefits of this act

Marijuana Essay Example | Topics and Well Written Essays - 1750 words

Marijuana - Essay Example This paper discusses legalization of marijuana, as a contemporary issue, with an opinion that the drug should be legalized for its potential benefits to the society and the nation. The paper reviews existing opinions on whether the drug should be legalized or not. One of the major concerns that have led to calls for legalization of marijuana is its diverse potential benefits to the society. Most significant benefit of the drug is its application as medicine following identified adverse effects of chemical based medicines. With increasing rate of depression and diseases such as cancer, and with emergent of adverse effects of the applied drugs for their prevention and treatment, scientists and doctors have appreciated the need for treatment approaches to which patients’ bodies do not adversely react. Natural medicines have as a result become a focus, owing to their less significant side effects as compared to industrial medicines. Chemotherapy and anti-depression pills, as contr ol and treatment methods, have for example exhibited extreme side effects that could even cause people to resort to suicide as a means of getting away from pain and suffering that they live in. However, with better research and newly developed technology, scientists have found that a majority of natural supplements are healthier for treatment of certain illnesses. Medicinal application marijuana, for instance, has many benefits and is currently prescribed to patients with diseases ranging from Alzheimer to HIV, to help with treatments. The drug is also effective in managing stress and depression and therefore makes life a little simpler. Even though marijuana portrays many medicinal benefits, its advantages should not be used as a way to promoting abuse. This means that its use should be regulated like in cases of alcohol and tobacco, whose consumption effects are in some cases worse than marijuana’s. Debates are currently ongoing, both in Congress and all over the world, on whether to legalize marijuana or not. Even though it is still illegal, marijuana’s consumption is widespread and most Americans have at least tried it, or are using it to help them overcome stress. The drug is also an ‘all-natural’ plant that grows anywhere in the world has high demand and supply. The root cause of its contention, however, is the fact that drug lords and marijuana growers started adding chemicals to the commodity. This causes users to become addicted to the modified product and after a while of use, start consuming stronger drugs. That is why marijuana is called a gateway drug. Should Congress pass the bill to legalize marijuana, Food and Drug Administration agency will supervise the product’s sale and consumption. It will be legally available to the public from pharmacies and sold on prescription. Gangs and drug dealers will not sell it on the streets, due to the vast drop in prices from the legalization, and its consequential easy access to the public. Right now, however, if there were no marijuana in the streets, people would be forced to use worse drugs, like cocaine, or crystal meth; those types of drugs that can affect a person’s health physically, mentally, and are highly addictive. Social responsibility, rather than legal restrictions, can better resolve the opposing opinions over legalization of marijuana. In Saudi Arabia for instance, people do not accept drugs socially or

What is Rhetoric Assignment Example | Topics and Well Written Essays - 250 words

What is Rhetoric - Assignment Example From an analysis of these three major definitions, I would say that rhetoric is a manner of speaking that helps a speaker convey a message effectively. As can be seen, rhetoric is a communication tool, so its importance arises from the ability of a speaker to manipulate its use to convey messages. Rhetoric is a tool that can be used by the speaker to influence the listener’s mindset, so it is important for convincing people of opinions that they should understand. However, rhetoric is a combination of the good and bad. Just like any tool, rhetoric can be used for negative and positive purposes. This means that rhetoric is a tool, a tool used in speech for different purposes. Rhetoric is a tool that can be used to build or destroy lives, depending on the way the speaker chooses to use it. For example, a speaker can choose to use to use rhetoric as a weapon, which is still an application of a

Too Much Medication Essay Example for Free

Too Much Medication Essay One Source Cited: On 9 February 2007 The Boston Globe presented an obvious example of partiality in its presentation of an overdose of psychotropic drugs; leading to the death of 4-year-old Rebecca Riley. Consequently, this sparked debates about whether health officials should press urgently to establish the advantages of treating children with psychotropic drugs, and the safety measures that go along with their use. From top to bottom, the text questions: the dangers of over-medicating children who show signs of potential mental disorders; the age at which children should start the prescribed medication; assessment of children after psychotropic medication treatment; and the responsibility of doctors to evaluate the ability of parents to oversee these potentially fatal drugs (The Boston Globe). For the purposes of this essay, I am forced to agree that ‘health officials should press urgently to determine the advantages of treating children with psychotropic drugs, and the cautions that must accompany their use’. The research I found on this topic appear to support the idea that intense discussion and consideration about pharmacotherapy is vital for future directions of treating children with these medications. According to Hyman (2006) there are far more difficulties in determining the risks and benefits of psychotropic drugs in children. There is also less information known about mental disorders in children than in adults and numerous drugs have not been sufficiently tested in children, particularly because their brains are still developing. In addition, there is even less data about the safety and efficacy of antidepressants in children (Hyman 2006). In actual fact, Hyman (2006) states that these drugs are being used even in the absence of data. That is why I strongly argue in favour of the need for more clinical research involving children, to identify the potential risk-benefits of psychopharmacology. It is the responsibility of caregivers to diagnose; manage and be commited to training in this area. Therefore we need to find out whether the approaches of these drugs are beneficial and safe for children. Furthermore, we have to think about a greater goal and a more practical way to enhance the quality of life for children showing signs of possible mental disorders. What we need to do is patch-up the treatment gaps and incorporate an effective monitoring system which allows health professionals to liaison with schools, other professionals and agencies. In doing so, we may improve diagnostics, treatment and follow-up services and possibly even avoid the recurrence of over-medication? References The Boston Globe: http://www.boston.com/news/globe/editorial_opinion/editorials/articles/2007/02/09/too_much_medication/ Hyman, S.E. (2006). Improving our brains? [Electronic Version]. Biosocieties, 1, 103-111. Retrieved 16 February 2007 from: http://journals.cambridge.org/action/login;jsessionid=36ED98BDE8893D2A30D1BEED7CE0AD3C.tomcat1

Competition in the Hearing Aid Market

Competition in the Hearing Aid Market Managerial Economics The number of Americans who have hearing difficulties is too many and is still expected to rise as time goes on. This is a challenge that most people undergoing the same ordeal are expected to face under all the circumstances that aid may be available if not totally to cure hearing loss. Hearing aid is a device that can lessen the burden of auditory impairment but it can only do so much. There are still implications that the use of such can be rather viewed as a supplement only and not a corrective tool. This view alone stands actually as a deficient selling point, as people who already have the difficulty will not always depend on these aids and most probably diverge themselves from buying the product. Hence, this situation definitely hurts the sale capacity of the hearing aid industry. Lowering the Price Naturally, as the demand may not be as considerably successful, the prices of hearing aids remain static as against its normally opined high pricing. The idea of lowering the price is a positive idea but not totally a remarkable one. To take for consideration, marketing plays a pivotal role. Product innovation is still under watch as the product continues to address misconceptions about its use and its price. It can be assumed that people who need such may have to be considered based on their actual individual needs. Lowering the price is not only and always the best solution at whatever product is being marketed. Apart from the actual study conducted, it must be analyzed there upon that actual users must be first educated of the many facets of its use and the impact that it may have if chosen as a summative solution to their auditory problems. It has already been mentioned that the implication of social stigma is above the issue of purchase and poor market reception. In as much as g oing through the usual and most careful market analysis, the firms should maintain a higher standard of psycho-social research to come up with a market campaign that is devoted to curing the disease of social stigma for those who use the product if not to give false hopes of entirely curing the malady of their situation. There are market theories available to stand up as resolution before the poor market reception of hearing aids among its target users. However, there should be a critical analysis between price indices and the actual consideration of buyer’s behavior apart from all the equations and variables given as a cardinal rule. The sensitivity to the issues whether they are psychological, social, or economical – must be placed under a more profound handling of the situation. Firms must take a firm hand on the derivation of serious market analysis before any insinuations that price variability is a stand alone solution to the predicament they are experiencing at the time being. Conclusion A regular consumer still considers product innovations such as unique features and warranted efficiency and necessity. Therefore, elasticity in the demand is considerable in effect that demand answers upon these mentioned industry quantifiable. It can be summarized that since economic recession is still in the midst of all considerations, lowering prices is definitely attractive but in foremost opinion product assurance of quality and effectiveness remains to be the most potent market solution in any given situation. 2. Evaluate different possible strategies that companies could implement to gain a sound position among their competitors in this hearing aids market. Use relevant theoretical concepts discussed in chapters The industry of hearing aids is said to be inelastic for most identifiable factor that it does not have too many options and features. But in the advent of market competition, market shares continue to reward the much needed product options – meaning, there are indeed sensible market campaigns that need to be launched to rise above the competition. To understand this point of view, it is already introduced and implied earlier that price variability is a matter of fact the most convenient solution to be competitive in any given market. On the other hand, the real competition begins when a firm understands thoroughly the purchasing behavior of target consumers. It is to be understood that price indices are not only the deciding factors to be considered if firms desire to be at front of the market line. There are still aspects, which include market segmentation and full market analysis, which can only be attained through accurate SWOT analysis. Market Strategies Strategies can be indicated based on the given practices that identify with the rapport involving standard value and capacity which in turn have the maximum probability to improve its market reception and therefore increase its takings. It is also recommended that firm’s standard industry applications can evaluate the magnitude and outlay needed to capitalize on their income prospective, as specified by the price inelasticity of requirement in the market.  While studying the basic product mix in the market of hearing aids, it is also most helpful to introduce new features and innovations in order to entice users and buyers to purchase with loyalty and assurance. This idea will definitely maximize the growth potential and leadership in the market. Gaining a sound and comfortable position is no easy task as it takes a lot of hard work and patience. In realizing this endeavor, it should be analyzed thereon the sensitivity of the target consumers of the implications and sustaina bility of the product upon consumption. Therefore, a creative and definitive market research is important to establish a rapport among consumers and the improvement of the product itself. As stated above, lowering the prices is just one of the solutions but it cannot withstand the whole competition given all the variables of market and the social behavior of the target consumers. Recommendation Like any market competition, SWOT analysis is much reassuring. To depend on more focused research is actually being guided by the tried and tested steps and factors that will handle all the given situations if the market remains stiff and uncontrollable. Perhaps, one example that can be listed is the principle of managerial economics, which employs a wide variety of economic concepts, tools, and techniques in the decision-making process. These concepts are incorporated to be congruent in the following: the theory of the firm, which describes how businesses make a variety of decisions; the theory of consumer behavior, which describes decision making by consumers; and the theory of market structure and pricing, which describes the structure and characteristics of different market forms under which business firms operate. It can be learned that profit maximization also naturally follows when competition gets in to the right mode of market potentiality. 3. What  economic conditions  are relevant in managerial decision-making and how they are related with the typical types of risk faced by a firm? Briefs Economic conditions Basically, managerial economic is about decision-making. It is what managers decide on the matters that make the atmosphere critical for the success of firms. In this light, it is important to stress that economic conditions truly affect the disadvantage that most firms may encounter as they carry on with the principles of economics and business. Definitely in this bracket are issues regarding market structure, conditions of supply and demand, technology, government regulations, international dimensions, future conditions, and macroeconomic factors. On the other hand, profit maximization is adherent to the idea that it can be liable to different concerns about restrictions encountered by the firm such as supply insufficiency, machinery, contractual clauses and liabilities, and laws and government policies. In their attempt to maximize the present value of profits, business managers must consider not only the short-term and long-term implications of decisions made within the firm, but also the many facets of external limits that their firms may experience on their way to achieve its organizational goals. Scarcity issues concern essential inputs (including skilled labor), key raw materials, energy, specialized machinery and equipment, warehouse space, and other resources. Managers naturally experience situations that may limit their ability to sustain balance in the plant capacity, which is worsened by the lack of enough resources that can make a difference in innovation, expansion and market intensification. Contractual obligations also restrict managerial decisions. Labor contracts, for example, may constrain managers flexibility in worker scheduling and work assignment. Finally, laws and regulations have to be observed. The legal restrictions can constrain decisions regarding both production and marketing activities. Examples of laws and regulations that limit managerial flexibility are: the minimum wage, health and safety standards, fuel efficiency requirements, antipollution regulations, and fair pricing and marketing practices. When it was first argued that perfect competition is the idealized version of the market structure that provides a foundation for understanding how markets toil in a capitalist-based economy, it is also understood primarily that conditions are desired to be reached and accomplished. This is in order to consider that market structure is aggressive: product mix and versatility in the market, well-developed and realized consumers and trader’s condition, and a veritable flow of economic mode of production and its all aspects therein. For example, it is required that the product uniqueness must not at full deny their identical nature with other lines as consumers will become oblivious of brand concerns if everything else seems to be the same from one product to another – this is also true with the same price competitions. When a good number of trade participants prevail, this follows through a significant effect on the revenue as the idea that the population of buyers or sel lers cannot make such a significant effect and therefore will not hurt the price control in any given condition. Finally, resources and materials have already become a staple in most competitive business as agricultural products do. This in conclusion, closes the arguments about having a perfect economic condition regardless of any situation. 6. Analyze the effects of the  law of diminishing returns  to a modern-day business. Why this law is considered a short-run phenomenon? Use appropriate examples Briefs The law of diminishing returns is definitely a short-term success, if not totally a phenomenon. It is a matter of theories between labor and capital and how things go at hand with the aspects of demand and supply. It is real and understandable that when a variable resource (labor) is added a fixed resource (capital) will dramatically augment manufacture quantity for a short time. Understandably, at a given time expected the rate of increase will fluctuate and is expected to turn more abysmal.  This is to explain that diminishing returns impinge on both the manufacture of labor and cost of production. As an example, duplication of labor and overproduction only descend to more unfavorable result as mode of production goes in the direction of surplus value. When Malthus postulated that land becomes a variable input when population becomes erratic and unstable, hence, the Law of Diminishing Returns explains further that when a fixed input like land and machineries, is joint in assembly with a changeable input, using a given technology, is expected to amplify the magnitude of the variable input, and therefore will eventually lower the efficiency of the variable contribution. One good example that can be given is the problem of overproduction in the industry of cars and other automobiles. The capitalist ideals about putting more production output each time to arrest the higher market demands come to a lull when the economic condition deepens and starts to affect the consumer behavior. In this event, it could be noted upon that the conversion of inputs into outputs is only realized based on the technology available in use. As a result, inadequate amount of inputs will produce only narrow number of productivity. Another example that can be stated herein is the labor-to-produce inputs as against the number of days and materials exhausted. Supposed that there are numbers of labor force working in a firm and produce a result given, additional input will just approximate a divisive response as against the total produce. Diminishing returns is exact in thought that it plays an important component in the proficient distribution of capitals. This is by significant turn the real concern of firms and that it ultimately desires to bestow more resources to the use in which they are more prolific. Although, as production outlays more resources to an exacting use, it can be observed that diminishing returns presents itself in which it becomes less productive. This is actually a disappointing outcome but in reality it reveals important aspects of arresting difficulties of resourceful provision of capitals. In the time of economic slowdown, it is important to establish the practical facts that diminishing returns are not what the macroeconomic future of any country needs as of the moment. This in fact argues strongly that excesses in times of recession and unscrupulous economic postulations are definitely unhealthy. However, given enough market analysis and putting more confidence to product and technological innovation, all doubts about this particular economic principle will in turn come out advantageous for the full recovery of the economic force. As strongly as it is exact with its intention, allocation of resources must be critically scrutinized in regular runs so as not to receive more losses than the expected outcomes. It is very much possible that the firms as a guiding thought and principle must not bank too much on economic principles that have no material and realistic basis.

Is Antigone A Tragic Play Essay example -- essays research papers

Is Antigone a tragic play as defined by Aristotle?   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Antigone is not a tragic play. Rather it is a theological debate spawned by Sophocles, a debate that is still raging today, the debate of who holds the higher law, the Gods or the State. While this debate has slowly twisted into Church versus State, which is a very different argument, the highest questions still remain the same: Which one is held higher in men’s (and women’s) hearts? Antigone answers this question with shocking clarity in her admission of guilt to Creon, â€Å" I should have praise and honor for what I have done. All these men here would praise me, were their lips not frozen shut with fear of you. Ah, the good fortune of kings, licensed to say and do whatever they please! C: you alone are in that opinion. A: No, they are with me, But they keep their tongues in leash.† By saying thus, Antigone is proclaiming all everyone holds the laws of the Gods higher than the laws of the State, unless the State is the more immediate threat.   Ã‚  Ã‚  Ã‚  Ã‚  But this all raises another question, does the law of the Gods really matter? Will the Gods truly beseech you and seek to bring you harm for not following in their ways? One who is not so religious would say no, it is not the Gods who hold the sword at your throat but a man, who at that moment cares nothing for the Gods. But in the case of Antigone, the Gods do act out their revenge. Tireseas spake:...

Important similarities and differences between Judaism and Christianity

Judaism and Christianity are both monotheistic religions with a common root in that they share in descent from the patriarch Abraham. Christianity after all was founded by Jews, and even when it first had Gentile converts for a while they followed Jewish practices, such as keeping the food laws, until Peter’s vision a t the home of Cornelius ( Acts 10) They are linked by the search for the Saviour or Messiah foretold in the scriptures that both share e. g, Isaiah 35 – and known by Christians in the New Testament. Goldberg and Rayner begin their book ‘The Jewish People’ :-The history of the Jewish people begins with Abraham, the history of the Jewish religion begins with Moses. Jews take their name from the fourth son of Jacob by his wife Leah. They would have in times past called themselves Israelites. The name Jew comes from the Romans who referred to Idumea, an area south of Israel. The fundamental difference is that Christians believe that Messiah came i n Jesus of Nazareth some 2000 or so years ago, while Jews, unless they claim to be Messianic Jews, a growing group, are still waiting. Another massive difference is that one is born a Jew.As long as your mother was Jewish you are Jewish, whether or not you are in any way religious, whether or not you keep the laws of Judaism and even whether or not you believe in God. Descent is through women, because then, if a foreigner impregnated a Jewish woman, whether by consent or by rape, the child would still be part of the people of God. This applies even when the women of a family have married non Jews for several generations and worship as members of another faith. It is the religion of a race and it is very difficult for anyone to become a Jew in any other way than to be born to it.Christianity on the other hand is a religion open to anyone, but though one can be born into a Christian family and dedicated or christened soon after birth, as a young person or adult each person must decide for themselves to follow Jesus as Saviour. Christians believe in one God, but refer to God as Trinity, three in one, Father, Son and Holy Spirit. Jews prefer to think of God as one. Yet in the Old Testament there are references to God as Father ( Psalm 68 v 5 ‘A Father of the fatherless†¦. is God) and as Spirit, ( Numbers 11 v 17) and also to his sending of a Saviour.( Isaiah 42)Like Christianity Judaism has over the years divided into various groupings, orthodox, liberal and so on, but just as all Christians of whatever denomination relate back to Jesus Christ, so all Jews relate back to the patriarchs. By the time of Christ though Judaism had become a very different religion as far as its every day practice – so much so the writer Ninian Smart in ‘The World’s Religions’ differentiates them into the religion of the Israelites and Judaism. ( pages 202-203). This was a gradual evolution rather than a sudden change.When the Israelites were only a few in number they worshipped together. When they made their Exodus and spent 40 years in the wilderness they worshipped together in the tabernacle Change began at the time of the Exile, when the majority of Jews were separated from temple worship, and synagogues developed. After C. E. 70 when the Romans destroyed the Jerusalem temple and Jews fled from Israel to become part of the Diaspora, non sacrificial synagogue worship became the only type available. The period of temple worship is still looked back to as when at Passover each family makes the pledge ‘Next Year in Jerusalem’.These forced changes also meant that home worship as a family became more important. Judaism is essentially the religion of the group. Judaism has its scholars and mystics, but never took up the solitary or single sex contemplative life, such as that of Julian of Norwich or groups such as the Franciscans, that began in Christianity in the second century with the desert fathers and continues t o some extent to the present day. The position of women in both religions has been problematic and is divided upon denominational lines.In the Chambers Dictionary of Religions and Beliefs, page 271, Rosemary Goring tells us about this in some detail. She explains how Reformed Judaism has tried to redress its traditional exclusion of women from worship as in the introduction of a coming of age ceremony for girls as well as for boys. The first woman became a rabbi in the Reformed tradition in the1970s. Even Conservative Judaism took the same step in 1985, but in Orthodox synagogues women are still separated from men in worship and they are only obliged to keep the negative laws i. e.thou shalt not commit adultery, and not the positive ones at certain times. The claim is that this is a matter of difference rather than a matter of inferiority.The same claim would be made by certain Christians. There have always been women in leadership roles within the church, but, despite verses such a s Galatians 3:28, â€Å"There is no difference between Jews and Gentiles, between slaves and free men; between men and women, for you are all one in union with Christ Jesus. † actual ordination has been a long time coming and in certain denominations has either not arrived or again been minimal in its effect.Judaism is a quite legalistic religion. There are rules that cover every area of life, and Orthodox Jews in particular are meticulous in keeping such rules. Christianity on the other hand, although it too has rules, these are more concerned with morals than with such minutiae as the kind of knot that can be used on the Sabbath. Galatians 2 v 16 perhaps sums up the different attitudes to legalism. ‘’We know that a person is put right with God only through faith in Jesus Christ, never by doing what the law requires.†These are of course the words of St Paul, who in his earlier life had been most legalistic -a Hebrew of the Hebrews’ as he describes h imself in Philippians, ‘’As far as keeping the Jewish law is concerned I was a Pharisee’ ( Philippians 3 v 5). Jews consider themselves the chosen people of God. Christians consider themselves to have become, because of their faith in the Savior Christ Jesus , also children of God ‘At one time you were not God’s people’ Peter tells new converts, ‘but now you are his people; at one time you did not know God’s mercy, but now you have received his mercy.’ ( 1 Peter 2 v 10)With regard to the after life there are a range of beliefs. Christians believe that Christ has covered their sins and they will ultimately live for ever with God in heaven. Large parts of the New Testament are concerned with teaching on the subject as in I Thessalonians 4. The after life is rarely mentioned in Jewish scriptures. It concentrates more on one’s actions than one’s beliefs. Both Torah and Talmud concentrate on doing one’s duty to God in this life. The web site ‘Jewish beliefs on the afterlife ‘ says :-Succeeding at this brings reward, failing at it brings punishment. Whether rewards and punishments continue after death, or whether anything at all happens after death, is not as important. Despite this there is some teaching on the subject.. Moed Katan is cited on the same page . â€Å"This world is only like a hotel. The world to come is like a home. † In the early history of the people death is likened to a reunion with family. (Genesis 49 v 29) Jacob tells his sons ‘I am going to join my family in death.’It was important to him that he be buried close to those who had preceded him as is obvious in the careful instructions that follow. This contrasts with the fate of the wicked who are described as being cut off from their people. (see Exodus 31 v 14). There is still a belief among the most Orthodox of Jews in a sort of half life after death in a place called She’ol , a world described in Isaiah 14 v 9 and 10. This was expressed to me by a lady who said ‘As long as someone is alive who remembers me I shall be alive’. Both religions have naturally adjusted to changing situations over time.For instance on page 111 of ‘The Jewish People’ Goldberg and Rayner describe how Jewish law was adjusted to conditions in such places as Cairo and Istanbul. It began as the religion of a nomadic people, but became the religion of a minority group living among people who practiced other faiths. This, and the persecution they suffered, led to such things as the Jewish ghettos of mediaeval times, in part forced on them by the majority population, and in part by the natural inclination of people to live near those like themselves.Christianity became the state religion of the Roman Empire in the fourth century under the emperor Constantine. In the intervening years since its inception the church grew rapidly in fulfillment of the parable of the mustard seed recorded in Matthew ( 13 v 31 and 32). William Frend describes in ‘The Christian World’ how its organization had developed into something that rivaled the state itself with its various officials in each area, so much so that Diocletian and his court in 302 tried to face up to the significant decision as to whether Christ or the traditional gods of Rome should be considered as the guardians of that city.A Roman mosaic from 5th century Rome, shown in the Christian World , (page 39) would depict Christ emperor. Becoming a state religion had both advantages, the protection of Christians and their practices, and problems such as state interference in matters that might be considered as purely church matters. For example Henry 1st of England intervened so much in church life that he wanted to be the one to give authority to the archbishop Anselm, rather than this coming from Rome. Christianity is a missionary faith.Christians have traveled to all parts of th e world taking the good news with them and seeking to bring other people to join them in faith in Christ. Judaism sees no need for this. Judaism follows the commandment found in Exodus 20 v 4 about the forbidding of making images. This is taken to mean images of God. A modern synagogue will perhaps have stained glass windows depicting important t stories from the scriptures – the giving of the law to Moses for instance or the crossing of the Dead Sea, but because they also accept the words of Genesis 1 v 26 in which God says that he created men in his image, there are no depictions of people.This injunction does not seem to apply to photographs. Christians, believing that they are not bound by Old Testament laws frequently celebrate their faith in pictures, including images of Christ and symbolic pictures of God as Father and Spirit. Conclusion These two faiths have both parallels and common roots as well as shared scriptures and monotheism. There are also major differences i n belief and emphasis and the way that religion affects daily life. In both there are sincere believers as well as those of less than total commitment.

Case Study of Fdi in India vs China

A project ReportOnCASE STUDY OF FDI IN INDIA VS CHINASubmitted toMrs. Smita KashiramkaByRamya Singh2010B3A2613PIn Fulfilment ofStudy oriented ProjectBIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE, PILANI30th November 2012| | | | | | | Abstract The report begins with the FDI definition and FDI reference with respect to India and its sect-oral and regional comparisons. This report undertakes a comparative analysis of the foreign direct investment (FDI) flowing from the multinational corporations (MNCs) into China and India.Examining the prevailing investment climate to account for the differences in FDI between the two countries and finally suggest some recommendations for India to achieve higher FDI. A review of Mckinsey report on India’s economic performance and growth potential has been done at the end of the report. Acknowledgements A Study oriented project is a golden opportunity for learning and self development. I consider myself very lucky and honoured to have been able to ge t this opportunity of doing such a project. My grateful thanks to Mrs.Smita Kashiramka mam who in spite of being extraordinarily busy with her duties, took time out to hear, guide and keep me on the correct path. I do not know where I would have been without her. Ramya Singh ID- 2010B3A2613P Table of Contents- 1. Introduction 2. 1. FDI definition 2. 2. Benefits of FDI 2. 3. FII’s 2. FDI Routes to India 3. 4. Forbidden territories 3. 5. Forms of FDI Investment 3. 6. Automatic Route 3. 7. Government approved Route 3. Amendments in FDI and Industrial Policies 4. 8. FEMA 4. 9. FIIA 4. Status of FDI in India 5. Round Tripping of FDI to China 6. Directional comparison of FDI in India and China . Recommendations for improving FDI to India 8. FDI in Retail 9. Review of Mckinsey Report of FDI in India 10. Conclusion 11. References 1. INTRODUCTION Background The official statistics of foreign direct investment (FDI) inflows in China and India exhibits a remarkable discrepancy that cons equently establishes the unmatched superiority of China in attracting FDI inflows. China ventured into the path of liberalization in 1979 by gradually liberalizing and opening up its economy. Removal of restrictions on inward FDI has figured out to be one of the prominent features in the Chinese reforms.China has indeed achieved remarkable success in FDI since it formally opened its door to FDI with the passage of the â€Å"Law of People’s Republic of China on Joint Ventures using Chinese and Foreign Investment† in 1979. By virtually having their non-state sector (counterpart of India’s private sector) run on free market principles and setting up large special economic zones, encouraging competition among Chinese provinces to attract FDI, offering substantial tax concessions, permitting the leasing of land and property, introducing overnment guarantees for investment and special arrangements regarding retention and repatriation of foreign exchange, China has bee n able to attract significant sums of FDI inflows. India, the only developing country of size and diversity of industrial base comparable to China, has also adopted a similar path of liberalization since 1991, by slowly shedding its FDI restrictions and allowing FDI through automatic route barring a few strategic industries of security concern .It is important to note that in 1997, India had joined the band of the top ten developing country recipients of FDI flows, whereas China had already acquired prominent positions at least since 1991. UNCTAD’s ranking of countries based on FDI relative to the size of the economy was 121 for India and 61 for China for the period 1988 to 1990. The corresponding figures for 1998-2000 are 119 and 47 respectively. While India has improved marginally, China reveals a huge success in terms of FDI ranking In 2002, the A. T. Kearney survey also found that China outranked the U.S. as the most attractive destination for FDI. The importance of FDI t o China is readily apparent. These discrepancies in the relative FDI attracting capabilities of India and China raise some important fundamental questions about the actual FDI potential of India. Can India possibly become an FDI destination as attractive as China?. The Report addresses this question at large. 1. 1 Definition of ‘Foreign Direct Investment – FDI' FDI refers to an investment made to acquire lasting interest in enterprises operating outside of the economy of the investor.Further, in cases of FDI, the investor? s purpose is to gain an effective voice in the management of the enterprise. Components of FDI- The components of FDI are equity capital, reinvested earnings and other capital (mainly intra-company loans). As countries do not always collect data for each of those components, reported data on FDI are not fully comparable across countries. In particular, data on reinvested earnings, the collection of which depends on company surveys, are often unreporte d by many countries. – United Nations Conference on Trade and Development (UNCTAD)Foreign investment refers to investments made by the residents of a country in the financial assets and production processes of another country. It can come in two forms: Foreign direct investment (FDI) and foreign institutional investment (FII). FDI or Foreign Direct Investment is an investment that a parent company makes in a foreign country. FDI brings in capital but also helps in good governance practices and better management skills and advanced technology infusion. But, FII or Foreign Institutional Investor is an investment made by an investor in the markets of a foreign nation.Foreign Institutional Investment is also known as hot money as the investors have the liberty to sell it and take it back. The FII investment flows only into the secondary market. It helps in increasing capital availability. Objective of the Study:- a) To analyze the pattern and direction of FDI flow in India. b) To identify factors those are responsible for comparatively lesser flow of FDI to India c) To identify reasons for regional imbalances in terms of flow of FDI. d) To review FDI policy of India e) To address various issue and concern relating to FDI. f) To make policy recommendation to improve the level of FDI.Nature and Source of Data:- The relevant data are collected from papers published(sources mentioned in the last)various sites of Government of India, Reserve Bank of India and Mckinsey report published by Mckinsey global institute, papers published etc. Other references have been mentioned at the end of the report. 1. 2 Benefits of FDI to the host country- * FDI not only brings in capital but also helps in good governance practices and better management skills and even technology transfer. Export market gets a boost due to this and consequently lesser import dependence.Foreign Investors invest in social, economic infrastructure, financial markets and marketing system help the dev eloping nations on the path of industrialization and modernization. Demand for various inputs give rise to development of the supplying industries, generating income, leading to a spur in the production process and a better living standard of the people employed in these industries. Quality products are available to the consumers at low prices. Foreign investment serves as boon to the government by bringing demand for various inputs giving rise to development of the supplying industries. . 3 FII's- Generate Enhanced flows of equity capital, improving capital markets, include reduced cost of capital, imparting stability to India's balance of payments, institutionalizing the market, improving market efficiency and strengthening corporate governance. 1. Foreign direct investment- the Indian scenario 2. 1 Forbidden Territories – FDI is not permitted in the following industrial sectors: †¢Arms and ammunition. †¢Atomic Energy. †¢Railway Transport. †¢Coal and lig nite. †¢ Mining of iron, manganese †¢Gambling and Betting †¢Business of chit fund †¢Trading in Transferable Development Rights (TDRs). Activity/sector not opened to private sector investment. 2. 2 Foreign Direct Investment (FDI) is permitted as under the following forms of Investments – †¢Through financial collaborations. †¢Through joint ventures and technical collaborations. †¢Through capital markets via Euro issues. †¢Through private placements or preferential allotments. * Through financial collaborations-â€Å"Foreign collaboration includes ongoing business activities of sharing information related to financing, technology, engineering, management, consultancy, logistics, marketing, etc. which are generally, offered by a non-resident (foreign) entity to a resident (domestic or native) entity in exchange of cheap skilled and semi-skilled labour, inexpensive high-quality raw-materials, low cost hi-tech infrastructure facilities, stra tegic (favourable) geographic location, with an approval (permission) from a governmental authority like the ministry of finance of a resident country. †The examples of foreign collaboration between an Indian and abroad entity: * ICICI Lombard GIC (General Insurance Company) Limited is a financial foreign collaboration between ICICI Bank Ltd. India and Fairfax Financial Holdings Ltd. , Canada. * ING Visa Bank Ltd. is a financial foreign collaboration formed between ING Group from Netherlands and Visa Bank from India. * Tata DOCOMO is a technical foreign collaboration between Tata Teleservices from India and NTT Decoma, Inc. from Japan. * Through joint ventures and technical collaborations-A joint venture is a new enterprise owned by two or more participants. Joint ventures are formed with several motives:- The main motive is to share the risks.A small firm with a new product idea that involves high risk and requires relatively large amounts of investment capital may form a joi nt venture with a large firm. A foreign company can invest in an Indian company through a joint venture agreement in the areas which are otherwise not reserved exclusively for the public sector or which are not under the prohibited categories such as real estate etc. For such foreign investments into India, a two tier approval mechanism has been provided. * Through capital markets via Euro issues- Foreign Investment through GDRs (GLOBAL DEPOSITORY RECEIPTS) – Indian companies are allowed to raise equity capital in the international market through the issue of Global Depository Receipt (GDRs). GDR investments are treated as FDI and are designated in dollars. * Use of GDRs –The proceeds of the GDRs can be used for financing capital goods imports, capital expenditure including domestic purchase/installation of plant, equipment and building and investment in software development, prepayment or scheduled repayment of earlier external borrowings. Investment in stock markets and real estate will not be permitted. FDI comes through ) Automatic route and b) Govt. approval route. 2. 4 Automatic route- Under the RBI’s Automatic Route, the Indian companies can issue shares up to prescribed percentage to person’s resident outside India without obtaining prior Permission either of the Government or RBI. These companies must be engaged in the Permissible activities under the FEMA. Companies engaged in manufacture of items, Reserved for SSI sector or those manufacturing items requiring industrial license or engaged in areas such as, defence, atomic energy or aerospace will not be able to avail of The Automatic Route.In terms of the guidelines issued in February 2000 and subsequent amendments, except in certain circumstances, foreign investment by way of issue of shares/convertible Debentures by Indian companies can be made in India under the Automatic Route without Any approval from the Government of India or the Reserve Bank of India (RBI). In the Circumstances where the Automatic Route is not applicable, the foreign investor or the Indian company seeking foreign investment would require the approval of the Foreign Investment Promotion Board (FIPB).FIPB is a competent body to consider and recommend foreign direct investment (FDI), which do not come under the automatic route. 2. 4 Government approved route- Indian companies may want to issue shares to foreign citizens and companies Incorporated outside India under sectors not allowed under the Automatic route or any other general/special permissions. In such cases, it will be necessary to Apply to the Foreign Investment Promotion Board (FIPB).Foreign Direct Investment in India is allowed on automatic route in almost all sectors except –Proposals that require an industrial license and cases where foreign investment is more than 24% in the equity capital of units manufacturing items reserved for the small scale industries,  For transfer of ownership or control of India n companies  in sectors with caps from resident Indian citizens to non-resident entities, Government approval/FIPB approval would be required in all cases where: The ownership or control of an existing Indian company (currently owned or controlled by resident Indian itizens and/or Indian companies, which are owned or controlled by resident Indian citizens) will be/is being transferred/passed on to a non-resident entity as a consequence of transfer of shares and/or fresh issue of shares to non-resident entities through amalgamation, merger/demerger, acquisition etc, where a foreign investor has an existing joint venture/ technology transfer/ trademark  agreement in the ‘same field', prior to January 12, 2005, the proposal for fresh investment/technology transfer/technology collaboration/trademark agreement in a new joint venture for technology transfer/ technology collaboration/trademark agreement would have to be under the Government approval route through FIPB/ Project Ap proval Board Proposals falling outside notified sect oral policy/caps or under sectors in which FDI is not permitted and whenever any investor chooses to make an application to the Foreign Investment Promotion Board and not to avail of the automatic route. * Industrial Approvals/clearances- For starting a new project, a number of industrial approvals/clearances are required from different authorities such as Pollution Control Board, Chief Inspector of Factories, Electricity Board, Municipal Corporations, etc. * Labour Rules/Regulations- Under the Constitution of India, Labour is a subject in the Concurrent List where both the Central & State Governments are competent to enact legislation.Some of the important Labour Acts, which are applicable for carrying out business in India are – Employees’ Provident Fund and Miscellaneous Provisions Act, 1952; Employees’ State Insurance Act, 1948; Workmen’s Compensation Act, 1923; Maternity Benefit Act, 1961; Factorie s Act, 1948; Minimum Wages Act; Payment of Wages Act, 1936. * Taxation in India- Foreign nationals working in India are generally taxed only on their Indian income. Income received from sources outside India is not taxable unless it is received in India. Company taxation – Foreign companies are subject to a maximum tax of 40% on its net profits. The effective tax rate for domestic companies is 36. 75% while the profits of branches in India of foreign companies are taxed at 40%. Companies incorporated in India even with 100% foreign ownership, are considered domestic companies under the Indian laws. 3.Amendments- in the FDI and Industrial Policies 3. 1 FEMA (Foreign Exchange Management Act)- The Foreign Exchange Management Act (1999) or in short FEMA has been introduced as a replacement for earlier Foreign Exchange Regulation Act (FERA). FEMA was introduced because the FERA didn’t fit in with post-liberalization policies. A significant change that the FEMA brought with it was that it made all offenses regarding foreign exchange civil offenses, as opposed to criminal offenses as dictated by FERA. When a business enterprise imports goods from other countries, exports its products to them or makes investments abroad, it deals in foreign exchange.Foreign exchange means ‘foreign currency' and includes deposits, credits and balances payable in any foreign currency. It was a criminal legislation which meant that its violation would lead to imprisonment and payment of heavy fine. It had many restrictive clauses which deterred foreign investments. FEMA emerged as an investor friendly legislation which is purely a civil legislation in the sense that its violation implies only payment of monetary penalties and fines. 3. 2 Foreign Investment Implementation Authority (FIIA) Government of India has set up Foreign Investment Implementation Authority (FIIA) to facilitate quick translation of Foreign Direct Investment (FDI) approvals into implementation.FIIA is assisted by Fast Track Committee (FTC), which have been established in 30 Ministries/Departments of Government of India for monitoring and resolution of difficulties for sector specific projects. Role of Foreign Investment Implementation Authority (FIIA) To understand and solve the problems of the investors , understand and solve the problems of the approving authorities, refer to the cases that has not been resolved at the level of FIIA to the agencies at the higher levels, and to start consultations with multiple agencies. Changes in FDI policy in Single Brand retail trading:- The policy regarding Single Brand retail trading has been liberalized and now FDI up to 100 percent is permitted under the Government route.Policy for FDI in Commodity Exchanges:- Foreign institutional investors (FIIs) can now invest up to 23 percent in commodity exchanges without seeking prior approval of the government. However, FDI will continue to need the approval of the FIPB DTAA (DOUBLE TAX AVOIDA NCE AGREEMENT) WITH MAURITIUS- According to the tax treaty between India and Mauritius, capital gains arising from the sale of shares are taxable in the country of residence of the shareholder and not in the country of residence of the company whose shares have been sold. Therefore, a company resident in Mauritius selling shares of an Indian company will not pay tax in India. 4. Status of FDI in IndiaVarious studies have projected India among the top 5 favoured destination for FDI. Cumulative FDI equity inflows has been Rs. 5, 54,270 core (1, 27,460 Million US$) for The period 1991-2009. This is attributed to contribution from service sector, computer Software, telecommunication, real estate etc. India’s 83% of cumulative FDI is Contributed by nine countries while remaining 17 per cent by rest of the world. Country-wise, FDI inflows to India are dominated by Mauritius (44 percent), followed by the Singapore (9 per cent), United States (8 percent) and UK (4 percent) Countries like Singapore, USA, and UK etc. invest in India mainly in service, power, telecommunication, fuels, electric equipments, food processing sector.Though India has observed a remarkable rise in the flow of FDI over the last few years, it receives comparatively much lesser FDI than China. Even smaller economies in Asia such as Hong Kong, Mauritius receive much than India in terms of FDI inflows. This is largely due to India’s economic policy of protecting domestic enterprise compared to above mentioned Newly Industrialized Asian Economies. Country-wise, FDI inflows to India are dominated by Mauritius (44 percent), followed By the Singapore (9 per cent), United States (8 percent) and UK (4 percent). the share of Mauritius is the highest due to the double taxation avoidance treaty with Mauritius. (Comparing India and China)Source: UNCTAD, World Investment Report 2009; Net FDI Inflow= Inward FDI flow Minus Outward FDI Flow . FDI stock of India has also registered a consistent grow th over the period of study. Net FDI stock for the period 1990-2000 was 1533 Million US$ which rose to 61523 Million dollars. However, net FDI stock of China is about 4 times than that of India. India’s inward FDI stock to GDP ratio improved from 0. 5 per cent for the 1990-2000 to 9. 9 per cent by the year 2008. Similarly, ratio of outward FDI Stock to GDP for the Corresponding period has registered a consistent rise and was at the level of 5 per cent In the year 2008 Source: UNCTAD, World Investment Report 2009; Net FDI Inflow= Inward FDI flow Minus Outward FDI Flow.There is a positive link between FDI and India’s growth story. India has been observing a consistent growth in net FDI flow. Ratio of FDI Inflow to Gross Capital Formation has improved from 1. 9 per cent during the period 1990-2000 to 9. 6 per cent in the year 2008. . Service sector has been the highest contributor of FDI inflow to India (22%). Followed by computer software and hardware (9%), telecommunica tion (8%), housing And real estate (8%), construction activities and power (7%). Net inward FDI into India remained buoyant during April-June of 2009-10 as Manufacturing sector continued to attract most part of FDI (19. 2 per cent), followed by Real estate activities (15. per cent) and financial services (15. 4 per cent). This trend Reversal (greater FDI in manufacturing sector) could be attributed to relatively better macroeconomic performance of India. During 2008-09, continuing liberalization measures to attract FDI and positive Sentiments of global investors about the growth potential of EMEs, including India. India evolved as one of the most favoured destination for investment in the service Sector due to low cost wages and wide demand-supply gap in financial services Particularly in banking, insurance and telecommunication. Gradually India has become Important centre for back-office processing, call centres, technical support, medicalTranscriptions, knowledge process outsourci ng (KPOs), financial analysis and business processing hub for financial services and insurance claims. There has been a wide concentration of FDI inflows around Mumbai Region (36%) followed by New Delhi Region (19%), Karnataka (6%), Gujarat (6 %), Tamil Nadu (5%) and Andhra Pradesh. It is alarming that these regions receive 77% of FDI equity inflow while rest of India accounts for only 23%. Lack of proper initiative from the various state governments is responsible for such wide disparities in FDI. China is the workshop of the world. Its $1,952 billion in output last year allowed it to overturn the US' 115-year reign as the world's largest manufacturer.China's manufacturing is labour-intensive: it produced almost the same percentage of world manufacturing output as the US (~19%) with about nine times the number of workers. China’s manufacturing success — seeded by foreign investment, superb infrastructure, a rational labour law regime, an infinite supply of migrating c heap farm labour — created the fastest poverty-reduction programmed in recorded history. Indian manufacturing must seize this opportunity. India accounted for only 1. 8% of global manufacturing value added (MVA) last year versus China at 23. 3%. Our per-capita productivity was a disappointing $107 versus China at $842. Budget 2011 plans a new manufacturing policy that aims to raise the share of manufacturing in GDP from 16% today to 25% in 10 years.How China became the world’s largest manufacturing destination:-China invited foreign direct investors to provide the capital and the expertise to achieve export competitiveness in a wide range of sectors, including electronics, apparel, plastic toys, stuffed animals, ceramics, and many other labour intensive sectors. In each sector, the key was to link foreign investor capital and expertise with a large and low-cost Chinese labour force. The foreign investors brought in the product design, specialized machine tools and capi tal goods, key intermediate products, and knowledge of marketing channels. The Chinese assured these foreign investors certain key conditions for profitability, such as low taxes, reliable infrastructure, and physical security, adequate Power, decent logistics for the import and export of goods, and so forth.Creating global manufacturing competitiveness is complex but two bottlenecks for Indian manufacturing are infrastructure and labour laws. Our current labour law regime has huge costs; exploding unorganized employment, lower organized manufacturing, encouraging buying machines rather than hiring people, corruption, blue-collar exploitation and higher organized sector skill intensity. Basically, labour laws have ensured that 100% of net job creation in the last 20 years has been in the low-productivity and sub-scale unorganized sector. Added to the acute infrastructure woes are the rigidities in Indian labour markets which makes it practically impossible to shed excess labour or g et rid of nonperformers.Looking beyond these two constraints, a number of studies and reports have highlighted other weaknesses that hinder India’s development as a major export oriented manufacturing base. Some comparative statistics are given below- Source- Bajpai N and Dasgupta N, â€Å"Multinational Companies and Foreign Direct Investment in China and India†, Centre on Globalization and Sustainable Development (CGSD) Working Paper No. 2 (Sect-oral Distribution of FDI) Maharashtra Region attracts FDI in energy, transportation, services, Telecommunications and electrical equipment. Delhi and NCR attracts FDI inflows in Telecommunications, transportation, electrical equipment (including software) and Services.While Haryana emerged as a preferred destination for electrical equipment, Transportation and food processing, Tamil Nadu has been successful in attracting FDI In automotive related and auto components sector. Andhra Pradesh and Karnataka Emerged as a popular des tination for software, computer hardware and Telecommunication. India’s rural areas such as Orissa has also been successful in Attracting FDI in securing large Greenfields FDI projects in bauxite, mining, aluminium and automotive facilities. 5. Round Tripping of FDI to China – The Chinese official statistical database does not provide disaggregated FDI that would directly project the relative contribution by the Non-Resident Chinese (NRC) population in China.However, based on the fact that a large proportion of NRCs residing in Hong Kong, Singapore, Taiwan and Macao make FDI to mainland China, we will make the assumption that, in broad terms- any FDI originating from these countries will constitute expatriate FDI and mainland Chinese funds routed through local financial agents – round tripping. It is evident that the share of OECD (Organisation for Economic Co-operation and Development) countries and with it the share of MNCs in Chinese FDI inflows has been rais ing over the 1990s while the share of Singapore, Macao, Taiwan and Hong Kong (supposedly the NRC contribution) is falling. NRC contribution, which was nearly 80. percent of the total Chinese inflows in 1992, has gradually decreased over the 1990s, being on an average about 60. 5 percent over the decade. China’s FDI numbers include a substantial amount of round-tripping: A large amount of Chinese black money is recycled through Hong Kong and sent back to the mainland as FDI. Round-tripping in fact accounts for one-half of China’s FDI inflows, which thus reduces the reported level from $40 billion to $20 billion in 2000(see graph below). Even in 2001, more than 47 percent of FDI inflows to China came from these four countries (Hong Kong, Singapore, Taiwan and Macao) where a large proportion of NRC's reside. 6. Directional Comparison of FDI in India and China –China's FDI inflows are somewhat inflated due to ‘round-tripping’ investment through Hong Kon g, which poses as a foreign investment in order to acquire the benefits from preferential tax treatment. The World Bank estimates that about 20–30% of FDI in China was due to the round-tripping investment on the other hand, India's FDI inflows are underestimated because the figure excludes reinvested earnings. While it is very likely that the entire FDI from these economies to China may not be totally from the NRCs, but a very large part of it actually is. Expatriate investment has been a very small portion of aggregate FDI in India, in spite of gradual attempts by the government to simplify the regulations involving investments by the non-resident Indians (NRIs) into the country and hence the expatriateIndians do not form a large segment of the target investors in India, unlike in China. On the whole, it is observed that in India, FDI is flowing into areas where skilled labour is major input sectors are telecom, electrical equipment, including computer software, energy, and the transportation industry. These four sectors accounted for roughly 50 percent of FDI inflows remarkable difference exists in the expanse of the areas of foreign investments in India and China. FDI in China is rather extensive, being diffused over agriculture (farming, forestry, animal husbandry and fishery), mining, and manufacturing and significantly into the tertiary sector.Moreover, social-welfare related sectors like education and healthcare and wholesale and retail trade(till 2012) that have not yet been targeted in India as sectors competent for attracting FDI inflows, but these have contributed to FDI in China. China has, since 1998, stepped up its efforts to encourage foreign investments into technology development and innovation. Several incentives, such as import duty exemption for equipment and technology brought into China by foreign-invested research companies, tax breaks for incomes obtained from transfer of technology, and business tax exemption to foreign enterpri ses transferring advanced technology, are luring foreign investors to China. China most certainly attracted large sums of FDI in the manufacturing sector, a significant part of which could definitely be channelized to India had India not been plagued with inadequacies.India’s product reservation for the small-scale industry, stringent labour laws, inability of the firms to exit, if conditions so demanded (no exit policy), lack of decision-making authority with India’s state governments and hence lack of competition among Indian states to attract FDI (as against China’s provinces) were some of the key factors why India lost large sums of FDI. Fall in FDI in electrical equipment manufacturing in India has been due to the cheap Chinese goods flooding the market. The role of sub-national government as a catalyst to FDI inflows has also been ignored in India while decentralization of FDI seeking and related powers has been given due importance in china. The Chinese g overnment welcomes FDI and does not seek too much documentation for companies setting up ventures in China. Getting licenses is also easy for setting up a unit in china. Export-orientation in FDI in India and China- China has been successful in attracting huge export oriented FDI inflows in recent years.China invited FDI to provide the capital and the expertise to achieve export competitiveness in the manufacturing sector with the key link of providing cheap labour . The foreign investors brought in the product design, specialized machine tools and capital goods, key intermediate products, and knowledge of world marketing channels. The Chinese assured these foreign investors certain key conditions for profitability, such as low taxes, reliable infrastructure, physical security, adequate power, decent logistics for the import and export of goods. India has large scale reservation in the small sector industries such as handicrafts which have large demand in the world market. SEZ's and EPZ'sSEZs, along China’s coastline, were designed to give foreign investors and domestic enterprises favourable conditions such as import intermediate products and capital goods duty free for rapid export promotion and good infrastructure. India also had similar models of EPZ and Export Oriented Units (EOU). EPZs are located at various places including Cochin, Falta (near Calcutta), Kandla, Chennai, Noida, Santacruz (Mumbai), Vishakhapatnam and Surat. A unit could be set up in these zones subject to availability of space. Incentives provided to attract investment in these areas were ‘zero import duty', a ‘special 10-year income tax rebate' and other incentives. Eight special zones failed to achieve the export targets.Decentralization of decision-making authority was also a major reason for SEZ success in China. Another ingredient of infrastructure is the availability of power at competitive rate. Apart from cheap power there is no power failure in China, as in In dia. The EPZ's in India are one -third of the required size. In China all jobs are on contract basis, which stand terminated upon the expiry of the terms, which can be fixed/flexible or for a specific job. In contrast, the labour laws in India are extremely stringent and the Industrial Disputes Act, 1947 does not allow companies with 100 or more employees to retrench labour without seeking prior permission the concerned state government. EPZ's in India have performed poorly due to:-Insufficient logistical links with ports and airport, Poor infrastructure in areas surrounding the zones (e. g. unpaved roads and poor Physical security), Government ambivalence and red-tape regarding inward FDI, Unclear incentive packages governing inward investment, and Lack of interest and authority of state and local governments, and the private sector, Compared with the central government, in the design, set-up, and functioning of the Zones. Unclear ownership of land- A major part of land parcels in India is subject to legal dispute over their ownership. This prevents to acquire land for retail; housing and the courts take an enormous time for clearing such cases.As a result Indian developers have hard time raising collateral for loans against land for which they don’t have a clear ownership. Revising the law on land construction would give a major push to the sluggish construction industry of India. Parts of India are plagued by archaic laws such as ULCRA (Urban Land Ceiling Regulation Act) which created an artificial land scarcity leading to rising land prices further rising the cost of the housing Industry. Following Recommendations to improve FDI flows to India:- Apart from taking steps to improve infrastructural facilities and enhancing labour Market flexibility while the government has lifted sect oral caps for FDI over the last decade.Policies have thus far been ad-hoc and a source of uncertainty. Particular attention should also be paid to the removal of restrict ions on FDI in the Services sectors — including telecoms, banking and insurance, aviation, etc – as this will Help ease transactions costs for both consumers and business. The World Bank (2002) Has in fact proclaimed that â€Å"in virtually every country, the performance of the service Sectors can make the difference between rapid and sluggish growth† One sector that should certainly get this automatic approval is the education sector. Currently there is no FDI in education Allowed. Since it is well known that the education sector in India has reached a plateau.In terms of ideas or development, it is only fair that new ideas and methodologies from other countries are tried out. The SEZ'S and EPZ'S have failed to achieve their targets, for this the government must provide SEZs in strategic locations, close to ports or major industrial locations. Concurrent to this establishment of SEZs in strategic locations, the government should also provide all necessary infra structural facilities to ensure the success of the SEZ’s. The government needs to beyond the current policy of only allowing SEZs in areas that are already owned by companies applying for the SEZ: in effect, a SEZ should be like a huge industrial park rather than having one single company in it.Three, focus should not just be on the absolute amount of gross FDI inflows but also the type. More specifically, while India has experienced an infusion of FDI inflows in recent times, a large portion of the new inflows have been in the form of M&A's. Given that the latter does not necessarily imply new capital infusion into a country, the macroeconomic consequences of the two types of FDI can be quite different. The focus should not just be on the amount of Greenfield FDI inflows but also the positive externalities to be derived from them, including in terms of technological development. The effectiveness of the Foreign Investment Implementation Authority (FIIA) needs to be enhanced. Any investment promotion strategy must be geared towards the following: (a) image-building activities promoting the country and its regions and states as favourable locations for investment; (b) investment-generating activities through direct targeting of firms by promotion of specific sectors and industries, and personal selling and establishing direct contacts with prospective investors. India does have a vibrant manufacturing sector but that rarely comes out internationally because it gets drowned out by the more glamorous software and other service related sectors. This perception is a fundamental one and goes well beyond reasons such as red-tape, corruption, poor infrastructure though they are inter-related to an extent.To get rid of this tag is easier said than done but the government can do more promotion activities to this end, preventing diverting this FDI to China. There is the desperate need to create a deep talent pool. This is inherently dangerous for a country like Ind ia which has a tag of a services country; a sector that needs a deep talent pool to feed off. This lack of talent is reflected in the growth in wages which is one of the highest in the world. India has the highest wage inflation of any Asian economy. The one thing that makes India attractive is the cost arbitrage and if wages increase the way they are increasing, it is very likely that this arbitrage will disappear and along with it, valuable FDI dollars.To this end, it is necessary to continuously monitor the quality of students as well as the quality of teachers in educational institutions. The table below gives the rise in wages in different sectors for year 2012. While many policy barriers have been removed on FDI in India, results have at times been disappointing due to administrative barriers at the state level as well as lack of coordination between the central and state governments. There need to be greater coordination between the centre and states to ensure that the substa ntial foreign interest in investing in India gets translated into actual investment flows to the State. An example of this is the proposed $12 billion investment, India’s single largest FDI investment, by South Korean steel giant, Pasco.Pasco signed an agreement in June 2005 to set up a steel plant in Orissa but as of March 2008, the steel plant is yet to be start construction, let alone any operations. Every kind of problem ranging from political to environmental to allegations of land grabbing has affected this project. The main problem has risen from the allegation that they would make some villagers landless and Pasco cannot have a factory anywhere else because the raw material is in Orissa. This is a problem that the Orissa government could have easily foreseen but many governments in India have a tendency to promise too much and do too little. This clearly has impacted credibility of many state governments.India should continue to work towards developing a deep and liqu id corporate debt market. India is one of the few countries with a major equity market but With a highly illiquid corporate debt market. A well functioning corporate debt market Does one major thing for companies looking to invest in India. It is very likely that when Companies are investing their money in India or in any other country, they are more Likely to use debt rather than their own cash. Therefore, they would go to debt markets In their countries of origin and raise money there. However, this could lead to a considerable exchange rate risk because FDI is usually long-term and there is no good way of forecasting exchange rate movements in the long-run.If there a well functioning corporate debt market in India, it actually makes India that much more attractive. India should consciously work towards attracting greater FDI into R&D as a means of strengthening the country’s technological prowess and competitiveness. Policymakers are looking at FDI as the primary source of funds. It is important to Keep in mind that FDI on its own is not a panacea for rapid growth and development. What India needs is to put in place a comprehensive development strategy, which Includes being open to trade and FDI. This ought to go a long way to fulfilling the Ultimate goal of permanently eradicating poverty over the medium and longer-terms.India should remove the product reservation in small scale industries, bring in flexible labour laws, this will generate competitiveness in this sector which is critical for a growing economy. India has failed to evolve as inward FDI manufacturing destination. Manufacturing investment has potentiality to develop ancillary industries also. There is a wide spread under employment in agriculture. Manufacturing sector has greater scope of low end, labour intensive manufacturing jobs for unskilled population when compared with service sector. The issues of geographical disparities of FDI in India need to address on priority. India is a q uasi-federal country consisting of States and Union Territories.States are also partners in the economic reforms, and should offer several tax incentives etc for attraction. Data on FDI reveals that India has increase largely due to Merger and Acquisitions (M&A's) rather than large Greenfield projects. Business friendly environment must be created on priority to attract large Greenfields projects. Regulations should be simplified so that realization ratio is improved (Percentage of FDI approvals to actual flows). To maximize the benefits of FDI persistently India should also focus on developing human capital and technology. M&A's not necessarily imply infusion of new capital into a country if it is through reinvested earnings and intra-company loans.A Greenfield Investment is the investment in a manufacturing, office, or other physical company-related structure or group of structures in an area where no previous facilities exist. Governments should see that losing corporate tax reve nue is a small price to pay if jobs are created and knowledge and technology is gained to boost the country's human capital. There is abundance opportunity in Greenfield Projects. But the issue of land acquisition and steps taken to protect local interests by the various state governments are not encouraging. MOU ArecelorMittal controversy is one of the best examples of such disputes Due to poor quality primary education and higher there is still an acute shortage of talent. This factor has negative repercussion on domestic and foreign business. FDI in Education Sector is less than 1%.Given the status of primary and higher education in the country, FDI in this sector must be encouraged. The SEZ’s and EPZ’s of India have failed to achieve their export targets due to unclear rules and regulations by the government, overcrowding of units in these zones and poor infrastructure as discussed previously in the report. It is found that there are Lower indirect taxes in china, lower import duties on raw materials since the Government often sees that losing corporate tax revenue is a small price to pay if jobs are created and knowledge and technology is gained to boost the country's human capital, higher labour productivity encourage higher FDI’s in china.The Indian Government should also implement such regulations. In China, Foreign investment in research and development (R&D) and foreign enterprises transferring advanced technology to china are exempt from paying import duty; such policies aren’t seen in India. In order to improve technological competitiveness of India, FDI into R&D should be promoted; FDI can be instrumental in developing rural economy. There is abundance opportunity in Greenfield Projects. But the issue of land acquisition and steps taken to protect local interests by the various state governments are not encouraging. 8. FDI in Retail(how it is good for the country):-Small shops, street vendors and malls can all co-exist (as they are doing now): They all serve different needs, and different income segments. The FDI approval does state that â€Å"30 per cent of the products must be procured from small scale industries which have a total investment in plant and machinery not exceeding $1 million. FDI in retail will expand consumer base. Some categories currently have no big players: There are some categories of stores that are just not present in India. The suppliers of e. g. -air conditioning units have increased but the food sector supplies remain traditionally the same. Having a Wal-Mart will cater to the increasing consumer base. FDI in India Retail should be welcomed as this will bring a lot of money in India.Foreign Investment will help the government to build new infrastructure and improve rural infrastructure. Farmers will be the biggest beneficiaries from this move, as they will be able to improve their productivity and get high prices by selling their crops directly in the market to the lar ge organized players. Government will also gain by FDI through transparent and accountable monitoring of goods and supply change management systems. Products will be available to the consumers at reduced price since products will be purchased directly from the farmers and sold to consumers. This will provide lots of job opportunities to unemployed people in India.It will provide more options to the farmers with less wastage of agriculture product. FDI in retail will increase the competition for Indian players pushing them to improve their products and services. The final beneficiary of this competition will be the consumers. We have enormous wastage in foods and vegetables because small stores and vegetable vendors cannot afford refrigerated trucks, or any refrigeration. The stores lose money, and so does the consumer (because a lot of the fruits/ vegetables spoil too quickly after purchase. Hence the State governments should go with this agenda instead of opposing it and see the bi gger picture. 9. McKinsey report on economic performance of India-McKinsey Global Institute prepared a report on how the global economy works with a special focus on India which will be the most populated but remains one of the poorest economies. Special focus was given on the economic performance and growth potential of the country comparing its growth with its neighbour China. Following findings were made- A decade ago India and China had the same GDP per capital, but now India’s GDP is only half that of china. Some of the factors preventing India's GDP to grow in comparison to China are Low Productivity-This arises due to regulations concerning markets and products, land market ownership distortions and government owned businesses since they protect most industries from competition.Inequitable regulations-such regulations restrict competition thus reducing efficiency as seen in the telecommunication industries there private players have to pay a heavy licensing fees compar ed to government owned incumbents who do not do so. Uneven enforcement- the small scale industries steal power frequently compared to bigger more visible counterparts who can’t do so. Reservation of products for small scale industries-Around 500 products are reserved for small scale industries (as of 2001), such reservations restricts these industries to achieve production efficiency. Licensing or Quasi Licensing-Several sectors such as dairy require a license from Government before starting production. These licensing authorities prevent private entrants into entering competition.Government ownership of companies promote inefficiency and waste-their labour productivity levels are far below their private players- in telecommunications and electricity government control both the regulators and state electricity boards(SEB's) which are highly inefficient and lose around 30 % to theft compared to 10% of power lost by private players to theft. Poor infrastructure and less red tap e in port management could greatly reduce customs clearance time. Unclear Ownership- A large proportion of land in India is subject to legal disputes over their ownership and the courts are very slow in resolving disputes. This prevents buying land for retail and housing. Counterproductive taxation-Low property taxes, ineffective tax collection, subsidised user charges for water and power leave the local governments unable to invest in infrastructure e. g. – in Delhi water is supplied at 10% of its true cost. MEASURES TO IMPROVE PRODUCTIVITY-The following measures were suggested – removing reservations on small scale industries, establishing effective proactive and independent regulators, rationalising taxes and custom duties, removing restrictions on foreign investment and widespread privatisation which will boost competition, further improving the quality of products, and at times, has reduced the cost also. Removing the barriers to higher productivity, privatization and a more efficient taxation could save the government from what it loses now by providing subsidies to the state owned enterprises, helping it to reduce its burgeoning budget deficit. Increased Productivity and opening more sectors to FDI would also create new jobs, which is crucial for the second most populous country of the world. 10. ConclusionIndia and China are exemplars of the changes brought on by globalization. They are two of the fastest growing economies in the world and possess two of the largest domestic markets by number of consumers. FDI has been a major contributor to both nations’ growth, bringing in more than just investment capital. FDI has fostered the introduction of technology, human know-how, and helped to link nations internationally. India has complex FDI regimes that, while allowing for large nominal volumes of FDI inflows, has major flaws. India still protects large economic sectors from investment, is slow to approve foreign acquisitions of domes tic firms (if at all), and is characterized by excessive bureaucracy.The analyses in the current study suggest that: China’s potentially huge domestic market is the major determinant of its inward FDI . Comparing to India, China’s better performance in attracting FDI fromwas mainly due to its larger domestic market and higher international trade ties along with better infrastructure and less of red tapism. . . 10. 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