A Study on Impact of Fdi on Service Sector Essay Example for Free

A Study on Impact of Fdi on Service Sector Essay The study aims to analyze the growth dynamics of the FDI. It intends to see whether the growth in FDI has any significant impact on the service sector growth and also investigates whether a growth in this sector causes the GDP to grow, also analyzes the significance of the FDI Inflows in Indian service sector. The study also looks into the sub-sectoral dynamics and indicates towards the fact that the trade, hotels and restaurants, transport. storage and communications sub-sector contributes the most in the growth of Indian service sector. FDI to developing countries in the 1990s was the leading source of external financing. It is one of the most important component of national development strategies for most of the countries in the world and an important source of non-debt inflows for attaining competitive efficiency by creating a meaningful network of global interconnections. FDI provide opportunities to host countries to enhance their economic development and opens new opportunities to home countries to optimize their earnings by employing their ideal resources. India ranks fifteenth in the services output and it provides employment to around 23% of the total workforce in the country. The various sectors under the Services Sector in India are construction, trade, hotels, transport, restaurant, communication and storage, social and personal services, community, insurance, financing, business services, and real estate. Meaning: FDI stands for Foreign Direct Investment, a component of a countrys national financial accounts. Foreign direct investment is investment of foreign assets into domestic structures, equipment, and organizations. It does not include foreign investment into the stock markets. Foreign direct investment is thought to be more useful to a country than investments in the equity of its companies because equity investments are potentially hot money which can leave at the first sign of trouble, whereas FDI is durable and generally useful whether things go well or badly. Classifications of Foreign Direct Investment FDI is classified depending on the direction of flow of money. * Outward FDI:Any investment made by a country in other countries will account for outward FDI. Where as, all the FDIs invested by other countries in that country is called inward FDI. Outward FDI, also referred to as direct investment abroad, is backed by the government against all associated risk. * Inward FDI : Inward FDI occurs when foreign capital is invested in local resources. The factors propelling the growth of inward FDI include tax breaks, low interest rates and grants. FDI is classified depending on how the subsidiary company works in par with the parent investors. * Vertical: Vertical FDIs happen when a corporation owns some share of the foreign enterprise. The local enterprise could either be supplying the input or selling finished goods to the parent corporation. The subsidiary here helps the parent company to grow more. * Horizontal: When the MNCs kick off similar business operations in different countries it becomes horizontal Foreign Direct Investment. It is actually a cloning that is happening here. Both the countries enjoy the same share of growth. FDI IN INDIA After getting independence in 1947, the government of India envisioned a socialist approach based on the USSR system to developing the country’s economy. The last decade of the 20th century witnessed a drastic increase in foreign direct investment (FDI), accompanied by a marked change in the attitude of most developing countries towards inward investment. FDI flows have grown in importance relative to other forms of international capital flows, and the resulting production has increased as a share of world output.. FDI in India has in a lot of ways enabled India to achieve a certain degree of financial stability, growth and development during recession. This money has allowed India to focus on the areas that may have needed economic attention and address various problems that continue to challenge the country. The factors that attracted investment in India are stable economic policies, availability of cheap and quality human resources, and opportunities of new unexplored markets. Mostly FDI are flowing in service sector and manufacturing sector recorded very low investments. The investments in service sector enhanced the benefit of flow of funds to the home country. Presently India is contributing about 17% of world total population but the share of GDP to world GDP is 2%. India has been ranked at the second place in global foreign direct investments in 2010 and will continue to remain among the top five attractive destinations for international investors during 2010-12 period, according to United Nations Conference on Trade and Development (UNCTAD) in a report on world investment prospects titled, World Investment Prospects Survey 2009-2012. According to the fact sheet on foreign direct investment dated October 2010. Mauritius is the highest FDI investment in equity inflows with 42% of the total inflow followed by Singapore, USA, UK and Netherlands with 9%, 7%, 5% and 4% respectively. Service sector is the highest FDI attracting inflows with 21% of the total inflows, followed by computer software and hardware, telecommunication and housing and real estate with 9%, 8%, 7% and 7% inflows respectively. A report released in February 2010 by Leeds University Business School, commissioned by UK Trade ;amp; Investment (UKTI), ranks India among the top three countries where British companies can do better business during 2012-14. According to Ernst and Youngs 2010 European Attractiveness Survey, India is ranked as the fourth most attractive foreign direct investment destination in 2010.

Political Magazine: The Nations Essay -- Expository Politics Essays

Political Magazine: The Nations In 1865, a small political magazine was founded and given the name The Nation. This magazine was not meant to be a mainstream magazine that tries not to offend anyone. Rather The Nation was originally intended to provide the facts of the current issues and avoid exaggeration and political alliance with any party or sect. (The Nation’s founding prospectus, 1865) Nearly 140 years later, The Nation continues to raise eyebrows with its bold publications and political slant. Upon examining The Nation’s printed editorials and comments and the magazine’s website, it can easily be found that The Nation is a clearly liberal magazine as it has been for quite some time. In the February 18, 2002, edition of The Nation, the â€Å"Comment† section was overflowing with evidence of the magazines liberal stance. The entire column â€Å"Little but War Itself† was devoted to the disappointment of the magazine in President Bush and his State of the Union address. As the article points out, Bush seems to be an extremely meek President who does not want to say anything too risky. The author of this article, Robert L. Borosage writes, â€Å"Emboldened by success in war, Bush had little to offer but war itself† (4). This quote clearly illustrates how Borosage sees Bush as lacking the backbone to take any real stance despite his enormous approval rate brought on by the success of the United States in the War on Terrorism. Later in this article, Borosage describes Bush’s plans for the future as featuring â€Å"permanent tax cut for corporations, cuts not linked to new investment or new jobs – a simple payback to his contri butors† (4). This harsh criticism of President Bush depicts him as being more worried about returning p... ...is article could not scream the political orientation of The Nation any louder than it already does. This letter is written in the form of an open letter from Michael Moore to President Bush. The letter bluntly accuses Bush and his administration of being completely wrapped up in the Enron scandal not just involved in the scandal. It even goes so far as to say Bush allowed Enron officials to interview and pick government officials that would influence Enron and its business affairs. When reading a political news source it is important to know the political orientation of the source. The political orientation of a publication can usually be determined through examination of the opinions incorporated into the editorials and comments published. In the case of The Nation, the vast majority of articles presented offer a liberal view of the issue being discussed.

Intelligence Three Test Comparison

Society has been intrigued with the human mind since the beginning of time whether it deals with expanding the mind, strengthening, conditioning, or testing the limitations. A popular way to test the human mind is through the use of an intelligence test. In order to test the human mind on intelligence it must be defined to have reliable constructs that can be measured. Intelligence is being able to how well you learn from experiences and being able to adapt to the environment. Intelligence test the WISC uses four subtest groups to measure intelligence, which are verbal comprehension, perceptual reasoning, working memory, and processing speed. These four subtest groups are constructs of intelligence broken into categories based on the skill type. Within the subtest these categories are used in intelligence test, for example the Shipley uses only vocabulary and abstraction as measurements of intelligence. IQ test vary with what types of constructs being used from using two items to all fifteen items. This paper is comparing the scores of three different IQ test, the Shipley, Wonderlic, and the classical IQ test. Similar to the comparing and contrasting of scores the ways each test defers will be examined along with the strength, purposes, and weaknesses of each test. The first test the Shipley, which is an intelligence test that is measuring education and intellectual deterioration. The test is broken up into two parts first the vocabulary section where participants have ten minutes to answer forty vocab questions based on the similarity of the word compared to the four answer responses. The second part of this test was the abstraction part where twelve minutes was given to answer twenty-five questions. This particular test showed high internal consistency at . 92 along with acceptable test-retest scores at . 87-. 4, and a SEM at 4. 57, which is a medium SEM. The Validity for this test showed good concurrent validity. The standardization for the Shipley is a total of 2,826 with the demographic of 1,203 adults and 1,876 children. The downfall of the Shipley is that scores are highly depend on the verbal and abstraction ability not including any of the other constructs for testing intelligences. Thus this supports the issue of the Shipley being bia s to people who have poor English skills or it is their second language making the test more challenging for them. I felt that the score I received on the vocabulary portion was accurate in regards to vocabulary IQ because I do struggle with learning and comprehension, spelling, and vocabulary. I scored in the lower 21% ranking for vocabulary, which isn’t surprising because a large amount of words I didn’t understand and was guessing. The scores seemed to favor people with a wide comprehensive vocabulary and people who are native English language speakers. What doesn’t seem fair is for the people who struggle with aspects such as vocab are going to have low scores, which can hinder aspects where the scores of the Shipley are used as a deciding factor. Although overall the abstract portion balanced out the combined score leaving me at a average percentile ranking for the Shipley. Some sources of error that my affect the results of the test could be the time of day the test was taken, if each test was instructed in the same manner along with the other previously discussed examples. The Wonderlic intelligence test is more widely used in the work force and is used to evaluate and aid in hiring decisions. It intends to measure the general intelligence of adults in the business and industry field. The test consists of fifty questions that progressively get harder as they go on. The time limit is twelve minutes to complete as many correct answers as possible. The test was not intended for people to complete in the elapse time. The internal consistency, test re-tests, and concurrent validity are all excellent for this test. This suggest that this test is reliable and measures what it intendeds to measure. The SEM is much smaller than the Shipley at 1. 4. While having excellent standardization with a sample size was 100,000 individuals. This test has been known as or called unfair, because for ESL individuals have a much harder time with the vocab and comprehension part. It could take them longer to read or understand certain aspects, which could slow them down and affect their scores for the test that could potentially decide who gets the job based on scores. The tests are scored and compare the standard score with the corresponding grade level. Age is also a factor in this test to where the older you are the higher number of points you can add to your final score. On this test I strongly agree with the idea that this test is unfair because of the short time limit you are given to take the full test. Also the content on the test may be examining your intellectual abilities but may not relate to the on the job aspect of learning or type of work duties. This is starting people off who need accommodations such as longer test taking, anxiety, ESL individuals, and people struggle in school to perform lower than people who don’t need these accommodations. It has been proven that certain ethnicity do better or worse on this test. So that alone is giving an advantage to a particular group because a portion of people start out with a disadvantage based on socioeconomic status, education, ethnicity, and parents education level. A source of error that can occur with this test could be the amount of time given to participants, time of day or beginning or ending of a school week and possibly ethnicity based on previous scores. The online intelligence test is used as a predictor of your academic achievements. It is measuring general intelligence; this test used several of the subtests that were previously discussed. The scoring was scaled by the ability to retain previous learned knowledge. The knowledge being tested was acquired through education and experience. What I learned about intelligence assessment was that there are many types of intelligence test and they each vary in aspects of testing. What I learned about my own intelligence was simply confirmed with the three test results. Prior to the intelligence test I would have guested that my levels of intelligence was around average. Overall for all three test a consistent finding of an average IQ score was found after reviewing the results. For the first Shipley my standard score was right on the 100 mark that coordinates to the fifty percentile of the overall scores of the Shipley. This is right on the average of overall scores for the Shipley. The Wonderlic showed similar results where I answered twenty-eight items scoring fifteen items correct out of fifty total items. The scoring was comparing your total score to the years of education completed. I scored in the tenth grade category with the cumulative ranking of 18. 72 when compared to adults and a 2. when compared to college graduates. When looking at the level of education completed the score puts me at grade level ten, which is right in the middle of the years of education. The interpreting of the WPT test results state that I may enter high school and will probably select classes that are on a less academic track. This is the lowest amount of educational success that is interpreted and I am on my way to achieving the highest level of interpretation being a coll ege graduate. This test doesn’t seem to be an accurate predication of education levels. Although my scores fall below the mean on this test it is fairly close to the overall mean. For the final online IQ test found that I was right around the overall mean again with my percentile ranking at 45% which is very close to the middle. Moreover I have confirmed through the three IQ test that I rank in the overall average category. When comparing the IQ results to my class performance or GPA they do correlate. My cumulative GPA is 2. 5 which is right on the average for overall GPA, which relate to the three scores I received from the test confirming an average overall IQ and learning processing. With my GPA and the overall IQ test scores correlating can suggest that the IQ test are a good predictor or accurate predictor of GPA. Also can imply that GPA is a predictor of your overall intelligence. Looking at my overall data suggest that I am of average intelligence with strongly correlates with my GPA. I agree with the findings of average IQ score because it reflects my grades in school throughout high school and college and attitude about my cognitive functioning. Although I disagree that the test should be used as a predictor or and outcome variable for selection decisions.

Cloud Computing And Ethics And Code Of Professional Conduct

Cloud computing can be viewed as one of the most rapidly growing and evolving paradigm.Webmail,online storage and online documents are most famous examples in which customers can access their data via web browsers on the internet. The original idea of the cloud computing was delivered by J.C.R Licklider in sixties (Mohamed 2009). Cloud computing has developed since then and started to server the publics after internet offered a significant bandwidth in the nineties (Mohamed 2009). Cloud computing has been through many different phases and is still rapidly evolving. There is no doubt that the cloud computing brings significant change and influence to the world. It also raises numerous ethical issues. This essay will discuss the ethical issues regarding Cloud computing in line with Australian Computer Society’s Code of ethics and code of professional conduct. 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