Logging and Pimping and Your Pal, Jim free essay sample

The blandishment the storyteller originally felt transforms into a solid preference for Jim. Now of time, the storyteller appreciates being around Jim generally due to their age contrast. In spite of the fact that there was just a three years distinction, now and again the storyteller felt it was more. Growing up as a minister’s child, he was shielded for most of his life. Hence, the storyteller begrudges all that Jim has been able to see and experience in his life. Before long they start to become acquainted with one another and realize what every doe outside of signing in the late spring. Jim informs the storyteller concerning the two exercises he does in the winter. Perusing and Pimping. This is the point at which the storyteller starts to frame a second impression that possibly Jim isn’t such an extraordinary person. At that point they begin heading out in their own direction, and start to despise each other. â€Å"I assume that the beginning period in coming to abhor somebody is simply coming up short on things to discuss. We will compose a custom exposition test on Logging and Pimping and Your Pal, Jim or then again any comparative theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page I thought then it didn’t have a damn piece of effect to me that he preferred his prostitutes large just as southern,† (Maclean 110). It didn’t take long for them to communicate their contempt. As accomplices, they started testing one another. From not taking breaks to what size of saw they were going to utilize, the objective was to make the other surrender. â€Å"Jim’s pace was set to execute me off-it would murder him inevitably as well, yet first me. So the issue, comprehensively, was the manner by which to lose him this pace and not exactly get found doing it, on the grounds that subsequent to working seven days with this Jack Dempsey at the opposite finish of the saw I knew I’d never get an opportunity on the off chance that he went after me,† (Maclean 113). The storyteller starts his soundless battle with Jim by brushing out the plants that impede sawing. At the point when that doesn’t work, he goes somewhat off beat just to ensure Jim comprehended what he was doing. The exact opposite thing the storyteller imagined as a feature of his plotting was defying the consecrated guidelines of work that were expected to work as a group appropriately. Later that mid year, Jim gets into a pie battle with the cook to show his strength. From that point forward, he engages in extramarital relations with a rich rancher’s spouse. This is the point at which the storyteller acknowledges the amount he truly abhors Jim. With respect to me, for the sole time in my life I had gone through longer than a month twenty-four hours daily sitting idle yet detesting a person. Presently, however, there were times when I thought of different things-it got with the goal that I needed to state to myself, â€Å"Don‘t ever get delicate and neglect to abhor this person for attempting to kill you off,†Ã¢â‚¬  (Maclean 116). After the late spring finds some conclusion and on Labor Day weekend, he quit and arranged to come back to class, where he could keep detesting the man. However, before coming back to graduate school, he met Jim once again. After a couple of beverages together, they choose to meet again the following night at Jim’s house. This is the place the storyteller understands that his impressions of Jim were all off-base. â€Å"He was one of those individuals who turn out not to have some trademark that you thought was an unmistakable one when you initially met them,† (Maclean 120). I can identify with this statement from the story the most, to a great extent since I get apparent in a pessimistic light when individuals initially meet me. My bashfulness makes others think I’m impolite, since I will seldom say in excess of a couple of words. It’s not until I feel good will I open up; which at that point causes people’s impressions of me to change. A case of this in the story would be the scorn between the storyteller and Jim until the second when they plunk down together and have a real discussion. In spite of the fact that the impressions the storyteller and Jim had towards one another changed all through the story, the one they finished with was the most significant. They were both good men who might consistently be the sawyer buddies. Works Cited Maclean, Norman. Logging and Pimping and â€Å"Your Pal, Jim. † Chicago: The University of Chicago Press, 1976. Print.

Clare and Irene Essay

With an African American man running for president, the United States has been increasingly centered around race in the most recent year than whenever over the most recent a very long while, however a significant part of the emphasis has been on the idea that race doesn’t matter. For the characters in Nella Larsen’s â€Å"Passing†, race was everything and in spite of the fact that race relations have improve since 1929 when the book was distributed, it is difficult to accept that race isn't even now a central point in the advancement of individual personality and in social cooperations. In the novel, Clare and Irene pick various ways in view of their race and disregarding it. Clare shrouds her past, and her legacy, â€Å"passing for white† while Irene stays a piece of the dark network of Harlem. Maybe in light of her own blended ethnicity, Larsen can recount to the story from the perspective of the two ladies, both embarrassed and befuddled by the effect that their race has on their lives. Clare spends a great part of the book attempting to conceal her legacy and Irene delights in hers. Had Larsen composed at an alternate time, she may have had Clare languish some fabulous inestimable discipline over her double dealing, however in â€Å"Passing’ it is more Irene who languishes over her decision. Since she stays a piece of the dark network, she endures separation and mortification that would have been saved a white lady. The most intriguing feature of this novel is that it despite everything illuminates us today about the effect of race on close to home character. Michael Jackson has for quite some time been the brunt of numerous jokes with newspaper hypothesis that he was helping his skin, attempting to turn out to be increasingly white. On the opposite side of the contention, numerous African Americans, particularly in the rap recording industry, attempt to make themselves more racially isolated than they genuinely are. This is even obvious in the race for the White House as each time Barack Obama’s race is referenced, somebody takes extraordinary consideration to call attention to that his dad was an African, not a dark American. The basic tone of the prejudice in American culture today is well-reflect in Larson’s epic. Much like Clare and Irene, America today isn't recognizing its racial history and how that impacts the manner in which individuals think and act. The hardest part for Clare and Irene comes in the revelation that Clare has been â€Å"passing† as white. When she is found, she is brutalized by individual African Americans who think they are giving her what she merits since she has attempted to act better than everyone else and act white. She is expected liable of any number of different violations since she lied about her ethnicity and Irene, who regularly was desirous of the choice that Clare made, feels that she ought to never really stop the bias on the two sides in light of the fact that Clare settled on the choice to take a stab at passing. Generally, the possibility of â€Å"passing† is made significantly more impactful when we review Plessey v. Ferguson in which a quadroon man, one quarter dark however able to do going for white, tested the laws about a white just railroad vehicle. He was indicted and the court went right to the Supreme Court which controlled, around then (1896) , that any African blood made you dark, regardless of whether you could be mistaken for Caucasian or not. Clearly, Larsen comprehended this decision and its effect on her own life and the life of her kindred residents of Harlem.

Noble Energy, Inc Research Paper Example | Topics and Well Written Essays - 2500 words

Respectable Energy, Inc - Research Paper Example Worldwide oil and gas industry incorporates worldwide nearness of extraction, refining, investigation, showcasing and moving the oil and gas items. The biggest volume made and circulated results of the business are gas and fuel oil. Oil is likewise utilized as the crude material for a few synthetic items, for example, solvents, pesticides, plastics, manures and pharmaceuticals. The worldwide oil and gas investigation and creation industry is separated into three significant parts, for example, downstream, midstream and upstream. Midstream activities are commonly viewed as under the downstream class. Depiction of the Industry Oil and gas vitality sources are a lot of significant for a few businesses. Oil and gas vitality assets are considered as the enormous worldwide vitality assets. Center East is the biggest customer of oil and gas vitality assets over the globe. This worldwide area devours practically 53% of absolute vitality sources. Then again, Asia and Europe positions toward t he end in ter4ms of utilization of oil and gas vitality assets. The utilization pace of oil and gas vitality of Middle East is higher contrasting with other worldwide districts because of a few reasons. As a matter of first importance, the main number of oil supplies is situated in the Middle East nations. These nations can devour the oil and gas items in low value extend contrasting with other worldwide nations. Moreover, Middle East oil and gas extraction associations go about as cartel in regards to evaluating and dispersing the unrefined petroleum to the worldwide market. Solid oil process control is the significant purpose for the financial development of a few Middle East nations. Focal and South America expends 44%, North America devours 40%, Africa expends 41%, and Europe and Asia expends 32% of complete extricated and created oil. The world devours roughly 30 billion barrels on yearly premise (Li 22). The financially evolved countries are the biggest buyers of oil. In the y ear 2007, The United State expended 25% of all out delivered oil which is noteworthy oil utilization figure. Ongoing monetary emergency and worldwide financial downturn influenced the worldwide financial condition. Individuals are attempting to diminish the utilization level of costly items because of their low extra cash and restricted buying power. Particularly, the individuals of white collar class pay level are attempting to discover substitute vitality assets of oil and gas because of climb in oil and gas value (Shelley 27). Aside from financial issues, the worldwide oil and gas investigation and creation industry is experiencing a few worldwide policy centered issues. A few immature and creating nations need to pay high oil assessment to the oil and gas delivering nations so as to improve the unrefined petroleum. High strain and basic political clashes between a few nations are influencing the development of this worldwide oil and gas investigation and creation industry. Notwi thstanding these, few nations have created exacting guidelines in regards to the extraction of oil and gas. Extraction of oil and gas from oil mine requires the employments of a few dangerous synthetic concoctions. It can influence the worldwide biological equalization. Investigating this issue, the administration of a few nations created severe guidelines and guidelines with respect to the extraction of oil. It is normal that the quantity of complete oil stores and mines

Planned Parenthood - Profile

Arranged Parenthood - Profile About Planned Parenthood: The term arranged parenthood initially applied to practices to control the quantity of youngsters destined to a family. Attendant Margaret Sanger advanced data about contraception strategies as a method of managing the neediness of families where guardians couldn't give monetarily to their developing families and were uninformed of sexual and clinical information that could restrain the quantity of their kids. About Planned Parenthood Organizations: Today, Planned Parenthood alludes to the associations at nearby, state, government and global levels. Arranged Parenthood Federation of America (PPFA) is the umbrella gathering at the national level in the United States, with umbrella associates, and the International Planned Parenthood Federation (IPPF) which is situated in London joins bunches the world over. The focal point of Planned Parenthood Federation today is giving conceptive social insurance, sex training, guiding and data; fetus removal administrations, while the most questionable of their projects, is just a little piece of the administrations gave in excess of 800 wellbeing communities all through the United States. Source of Planned Parenthood Federation of America: In 1916, Margaret Sanger established the principal conception prevention facility in the United States. In 1921, understanding that the requirements for data and administrations were more noteworthy than her facility could give, she established the American Birth Control League, and in 1923, the Birth Control Clinical Research Bureau. Understanding that conception prevention was a methods and not the objective family arranging was the objective the Birth Control Clinical Research Bureau was renamed Planned Parenthood Federation. Key Issues in Planned Parenthood History: Arranged Parenthood has advanced to confront various issues in womens regenerative administrations as the political and legitimate condition has changed. Margaret Sanger was imprisoned in her time for infringement of the Comstock Law. Prior to the Roe v. Swim Supreme Court choice on fetus removal, facilities were restricted to giving contraceptives and data and even those administrations were constrained relying upon the states. The Hyde Amendment made it hard for poor ladies to get fetus removal by barring such administrations from government wellbeing administrations, and Planned Parenthood searched for choices to help poor ladies the underlying objective crowd of Sangers anti-conception medication work to get required wellbeing administrations and to deal with their family size. Reagan and Bush Years: During the Reagan years, expanding assaults on womens conceptive decisions influenced Planned Parenthood. The Gag Rule, keeping family arranging experts from giving clinical data about fetus removal, made it increasingly hard to offer types of assistance to ladies globally. The assaults both through viciousness by people, advanced by hostile to premature birth associations, and through administrative cutoff points on fetus removal and other conceptive administrations tested centers and the authoritative and campaigning related associations. The Bush years (the two presidents Bush) included pushes for restraint just sex instruction (in spite of proof that such sex training doesn't fundamentally cut the pace of young or pre-marriage pregnancy) and more cutoff points on conceptive decision including premature birth. President Clinton lifted the Gag Rule however President George W. Shrubbery reestablished it. 2004 March on Washington: In 2004, Planned Parenthood assumed a key job in sorting out an expert decision walk on Washington, the March for Womens Lives, hung on April 25 of that year. More than one million accumulated on the National Mall for that exhibition, with ladies being a vast dominant part of those illustrating. Related Organizations: Arranged Parenthood Federation is related with: Alan Guttmacher Institute, concentrating on research and developmentPlanned Parenthood Action Fund (PPAF), a different association concentrating on legitimate activity and lobbyingInternational Planned Parenthood Federation Arranged Parenthood Direction: Arranged Parenthood facilities keep on being tested with dangers and genuine episodes of fear just as by endeavors to threaten or truly square ladies from entering those centers for any administrations. Arranged Parenthood additionally works for thorough sex instruction, to help forestall pregnancy through data, restricting forbearance just projects which don't adequately forestall pregnancy. Arranged Parenthood advocates for accessibility of lawful preventative medications or gadgets, access to fetus removal administrations, and consummation control necessities on clinical experts keeping them from giving clinical data to their patients. The individuals who restrict the accessibility of premature birth or prophylactic administrations keep on distinguishing Planned Parenthood for defunding endeavors, endeavors to close centers through zoning and through fights, and different methods. The individuals who advocate brutality as a methods for contradicting conceptive decision additionally keep on focusing on Planned Parenthood. Arranged Parenthood and Related Elsewhere on the Web Arranged Parenthood HistoryPlanned Parenthood Action CenterJohn Salvi, Abortion Clinic Violence, and Catholic Right ConspiracismPlanned Parenthood Plays the Violence CardNARAL Pro-Choice AmericaReligious Coalition for Reproductive Choice

How to Decide If a College Is Right for You

So it’s time to start picking out colleges. This is exciting and scary at the same time! You will soon enter a whole new period of your life, when you will likely be living in a different place with people you’ve never met. Of course, you’ve heard of a number of prestigious schools that you could potentially apply to. But how do you decide which ones are right for you? Think about your deal breakers What are some characteristics your college absolutely has to have? For me, I knew I wanted a big, urban school. So all of the schools in rural areas and/or with only a few thousand students were immediately knocked off my list. This realization helped me to substantially narrow my college search. But perhaps certain academic or athletic programs are most important to you and things like size and location aren’t necessarily deal breakers. Everyone’s deal breakers will be a little bit different. Research: find out the key information about the school Location Find out the city and state in which the school is located. Is it urban, suburban, or rural? Every city is different. What is this specific city like? Size The size of the student population heavily influences the atmosphere at the school. It affects everything from class sizes to partying to sporting events. Student Body Demographics What is the male to female ratio? What is the racial make-up? What states or countries are most students from? These questions can go on and on. Every student body is unique. Acceptance Rate, Average SAT Scores, Average GPA It’s important to be realistic with yourself. Acceptance at most colleges throughout the country grows more and more competitive each year. If you think it’s pretty unlikely that you’ll get in, don’t keep the school on your list. It’s also good to know this information so you can categorize which schools may be safeties for you. It’s important to have a back-up plan in case your top choice schools reject you. General Education Requirements Do you want to mainly focus on classes related to your major? Or do you want to keep studying a variety of subjects because you are unsure of what you like best? Different schools have different requirements. Make sure you take these into account when choosing colleges. Majors and Minors What kinds of programs do they have for subjects you are interested in? An amazing department for your desired major could be a deal maker. Student Life: Research, Study Abroad, Sports, Clubs, Organizations Are you very interested in medical research? Do you need to go to Spain your junior year? Is belonging to a sorority or fraternity important to you? Check out the kinds of opportunities that are available on campus. Je ne sais quoi You can’t learn everything about a school by just researching the cold, hard facts. Look up the student newspaper. The kinds of stories they cover can tell you a lot about the general atmosphere on campus and the kinds of issues students care about. Talk to current students. Perhaps alumni of your high school attend the college and you can communicate with them through social media. Ask the questions that you can’t find answers to on the college’s website. Find out what life there is really like. Visit The general feeling when you step foot on campus can really change your perspective of a school. Of course, not everyone can fly back and forth across the country to see every college on their list. But try to visit the colleges that you are most highly considering and the colleges that are fairly close to where you live.

Determinants Of Foreign Direct Investment In Pakistan - Free Essay Example

CHAPTER 1: INTRODUCTION Overview Globalization which gave birth to the concept of interdependence of countries and their economies is defined as the process through which regional economies, societies, and cultures have become integrated with the assistance of global network of trade, communication and transportation. This allowed the investors to invest or transfer their capital where ever they wanted which introduced the concept of Foreign Direct Investment. Issues: Since the recent financial crisis in Asia and Latin America, developing as well as newly industrialized countries have been advised to rely mainly on FDI for economic development and to supplement national savings by capital inflows. Developing countries in particular are in need of investment for their development and the investment amount in majority of cases is greater than the capital internally available. Therefore, FDI has emerged as most important source of generating capital required for development of emerging countries. Currently Foreign Direct Investment has become one of the major sources of economic development, modernization, employment, income growth, capital generation and a channel for the transfer and access to advance technologies as well as organizational and managerial skills. Recognizing this fact, developing countries try their level best to attract as much as of FDI as they can. But attracting FDI is not that much simple, it requires huge efforts on the part o f policy makers and government. Variety of factors is considered by an investor before making investment in a particular country. Those are labeled as determinants of FDI, and may vary from country to country. Pakistan is currently facing a huge shortfall of capital to finance its major development projects and to run the government operations smoothly. The country requires capital to fulfill the growing needs in defense, infrastructure, education and many other areas of critical importance to development. 1.2 Problem statement The objective of this research is to identify the major determinants of the aggregate Inward FDI flow to Pakistan. 1.3 Hypothesis The research primarily focused on testing the following mentioned hypothesis: H1: Wage has negative impact on FDI. H2: GDP has positive impact on FDI. H3: Infrastructure expenditure has positive impact on FDI. H4: Taxes has negative impact on FDI. H5: Inflation has negative impact on FDI. H6: GDP per capita growth has positive impact on FDI. H7: Exchange rate has positive impact on FDI. H8: Interest rate has negative impact on FDI. 1.4 Outline of the Study 1.5 Definitions Users: This research will be useful for the national policymakers and government of Pakistan; it will allow them to improve the weak points present in the economy which discourage the FDI inflows to the country. CHAPTER 2: LITERATURE REVIEW A lot of research has already been conducted in the field of identifying the best determinants of Foreign Direct Investment by various researchers. Most of the research work conducted implies that the determinants of Foreign Direct Investment vary from country to country and from location to location. The purpose of this research is to find out the impact of Labor cost (Wage), Inflation (I),Interest rate (IR), Exchange rate (ER), Infrastructure expenditure (IE), Taxes (T), GDP and GDP per capita growth (GDPG) on Foreign Direct Investment (FDI) inflow in Pakistan. The study hypothesizes positive relationship between GDP, GDP per capita growth, Infrastructure expenditure and Exchange rate with FDI whereas Wage, inflation, Taxes and Interest rate relate negatively with FDI. Pursuing the same objectives Kok and Ersoy (2009) conducted study that made attempt to investigate the best determinants of FDI in developing countries. Study hypothesized and concluded that GDP, inflation, Trade, Gross capital formation, GDP per capita growth and communication (telephone) are positively related with FDI whereas inflation and total debt/ GDP had negative relationship. Barrel and Pain (1996) in their empirical studies found that FDI and both the acceleration and level of GNP were positively related. In addition unit labor cost and relative capital cost also had positive relationship with outward direct investment. Barrel and Pain et al suggest that in short run funds availability affects investment timing. This research is very much related to mine because it tried to identify the role played by demand and relative factor prices, both at home and abroad, and exchange rate expectations in determining the total level of foreign direct investment (FDI) by United States c ompanies. According to Janeba (2002) investment costs and government credibility has significant impact on the level of inward foreign direct investment, suggesting that MNCs would prefer to invest in politically stable countries. The research also concluded that when any politically unstable country has cost advantage over other countries MNC will invest efficient amount in that particular country and will hold excess capacity elsewhere. According to the Conventional wisdom lack of government commitment deters foreign investment in developing countries. Since countries differ in production costs and government credibility, this article explains the pattern of investment in a politically risky world. The research work done by Harvey (1990) focused on the macroeconomic determinants of FDI in addition to variables relating to different industry groups and tries to identify the impact of these variables on the inward FDI flow of the recipient country and suggested that Exchange rate an d Sales to have significant impact on the foreign direct investment, whereas taxes did not have any significant role in explaining foreign direct investment. Following bit different framework research conducted by Rolfe, Ricks, Pointer and McCarthy (1993) made an attempt to check investorsà ¢Ã¢â€š ¬Ã¢â€ž ¢ investment decision on the basis of various investment incentives provided by countries in the Caribbean region. The study demonstrates that all inducements do not evenly plea to all investors. The investment characteristics would determine which incentives firm manager will prefer. According to the study incentives preferred by export firms differ from local market-oriented firms, firms starting operations in a new country have different incentive preferences than do firms interested in expanding or acquiring existing operations, incentive preferences sometimes differ by country of investment, incentives differ depending upon the products produced, large investors prefer different incentives than those preferred by smaller firms and incentive preferences can differ from year to year. In short the research concluded that incentive pref erences are a function of the type of investment, the countries involved, the market orientation of the investor, the type of product, the size of the investment, and the investment year. Terpstra and Yu (1988) tried to examine the impact of firm-specific advantages and locational factors on the foreign investment made by advertising agencies of U.S study focused on impact of host country market size, host country geographic proximity, firm size, firms international operations experience, oligopolistic reaction, and presence of home country customers abroad on FDI. The research depicted that U.S. advertising agencies prefer to invest in those foreign countries having large market size, did not discriminated countries on the basis of their geographic location, inclined to enter foreign market with bigger firm size, tended international expansion with increasing understanding of international operations, reacted oligopolistically while making foreign investment and followed client firms belonging to home country while going abroad. Additionally research found that oligopolistic reaction had stronger impact in 1984 compared to 1972, intensity of competition had significa nt impact on oligopolistic reaction and top agencies witnessed stronger impact of oligopolistic reaction. Study uses macroeconomic variables but more emphasis was given to various ratios relating to capital and labor, it also used à ¢Ã¢â€š ¬Ã…“The Heckscher-Ohlin Theoryà ¢Ã¢â€š ¬? which states that a country exports those commodities that intensively use the countrys relatively abundant factors and imports those goods using its scarce factors intensively. Results indicated that countries like U.S. imported goods whose production required higher capital to labor ratio than the goods exported and when the endowment ratio of capital/labor increased the ratio of capital for each worker in import-competing production to capital for each worker in export production declined (Baldwin 1979). Gopinath and Echeverria (2004) examined the relationship between foreign direct investment (FDI) and trade in a bilateral context, that is, home (source) countrys exports and FDI to a host (recipient) country are analyzed using a gravity-model approach. Results suggested that physical distance had negati ve impact on trade-FDI ratio, this caused nations to switch from export to FDI based manufacturing. Research also found GDP per capita to affect trade-FDI ratio positively and institutional quality strongly encouraged FDI, additionally FDI was also encouraged by regional trading agreements. The empirical study conducted by Goldberg and Kolstad (1995) stated that exchange rate instability contributed to production internationalization without depressing economic activity in the home country. Furthermore, exchange rate instability stimulated the share of investment activity located on foreign country. Exchange rate volatility did not have statistically different effects on investment shares when one distinguishes between periods where real or monetary shocks dominate exchange rate activity. Yin (1999) studied the effects of tax incentives on the structure of a domestic industry in terms of price, output, profit, and entry/exit, taking account of technology transfer through FDI. The study found that if the government of the host country provides more tax relief for foreign firms, it will raise total output and reduce price index which will encourage more foreign firms to enter the industry while certain existing host firms will have to exit. Research also suggested that government should be cautious in decreasing rate of taxes to attract FDI. Vita and Kyaw (2008) used empirically tractable structural VAR model of the determinants of capital flows and variance decomposition and impulse response analyses to investigate the temporal dynamic effects of shocks to push and pull factors on foreign direct investment and portfolio flows. Study suggested that variation in real variables representing economic activity for example domestic productivity and foreign output possess more power in explaining variability in investment flows to developing nations. This research developed structural VAR model to test relative importance of the determinants of disaggregated investment flows to developing countries. The study investigated the degree to which deviations in foreign direct investment and portfolio flows are caused by variety of push and pull factors across different time horizons. Chen, Chen and Ku (2004) analyzed the pattern of local linkages in foreign direct investment (FDI), treating such local linkages as an investment in local relationships research found that Taiwanese investors in the US are more active in the search of local linkages compared to counterparts in China and Southeast Asia. Research found investors in a producer-driven network are more active in building local linkages than their counterparts in a buyer-driven network. In addition large firms are more active than small firms in pursuing local linkages because of their larger capacity to absorb the risks involved in network integration and their ability to apply relational capital on a larger volume of exchanges. Entry mode also makes a difference to local linkage: FDI taking the form of a joint venture leads to more local linkages than FDI in the form of a wholly owned subsidiary. Amongst the various local linkages, employment of local workers is always the priority undertaking, followed by linkages to local suppliers, local subcontractors and local RD capabilities. Studying the impact of FDI on aspects of domestic economies, including international trade, gross fixed capital formation (GFCF), employment, productivity, the balance of payments and overall welfare Hejazi and Pauly (2003) found that FDI was motivated by market access and factor price differences, and on the role of intra-firm trade. According to the research prediction of whether growth in outward FDI will increase or decrease domestic GFCF is not possible. Therefore, comparisons of such growth relative to growth in inward FDI can be a misleading indicator for policy makers. Since the impact of FDI on domestic GFCF depends on the underlying motivation for investment, and not simply on the growth in outward relative to inward FDI, the results are of interest to all countries. The implication of results stated that rapid growth in outward FDI, relative to inward growth, should not be considered as a negative development, and may reflect success. Chen (1996) suggested that potential for market share extension (MARKET) affects FDI, labor cost (WAGE) does not affect FDI, foreign investors seem to have taken advantage of the western regionà ¢Ã¢â€š ¬Ã¢â€ž ¢s mineral and energy resource abundance regardless of its lower allocative efficiency, interregional railroad connections are important in the foreign investorsà ¢Ã¢â€š ¬Ã¢â€ž ¢ locational choice and foreign investors may not locate near innovative domestic Chinese industries in the eastern and middle regions. The significance of the results obtained is that, the location of FDI seems to have been influenced by the existence of good transportation linkages, technological filtering and, to some extent, by the potential for market-share extension. Locational choice does not seem to have been influenced by consideration of labour cost differences or differences in allocative efficiency. According to the neoclassical growth model, labor growth and technological progress are considered as exogenous, inward Foreign Direct Investment(FDI) will lead to increase in the investment rate and which will ultimately lead to increase in the growth of per capita income but the growth effect will not last in the long run (Hsiao and Hsiao, 2006). Papanek (1973) showed significant negative impacts of different types of capital on national savings. Grounded on a sample of 85emerging countries, Papanek found that foreign capital displaced domestic savings. Precisely, the research exhibited that foreign aid, private investment and other capital crowded out national savings, and a reduction in domestic savings could lead to further increase on the dependency on foreign capital. The empirical studies of Cushman (1985) based U.S. bilateral FDI outflow and inflow data concluded that exchange rate variability had positive relation with set of flows. Connor (1983) conducted research which focused on inward as well as outward flow of FDI. The study divided country specific advantages into three categories FDI Probability, FDI Propensity and FDI Penetration and their impact on FDI. Larudee and Koechlin (1999) research focuses on the wages or labor costs and productivity in terms of production costs as the determinants of FDI. This research uses sweatshop labor argument which relies implicitly on the simplistic trade theory assumption that all firms in a country have access to the same technology. But both MNE theory and abundant evidence assert the contrary: an MNE affiliate derives its labor productivity in significant measure from the firm-specific advantages it brings with it. The differential between source and host country in average manufacturing wage should therefore be an independent determinant of FDI flows. CHAPTER 3: PROPOSED METHODOLOGY 3.1 Method of Data Collection The secondary data necessarily required to perform the research was gathered from the official sites of The World Bank and The State Bank of Pakistan. Additionally, some of the required data was abstracted from the book Statistical Supplement and Yearly Book both being published under the supervision of State Bank of Pakistan. 3.2 Sample Size The data used for the purpose of research was 30 years annual data of the variables used in research. Data of all the variables belonged to period starting from fiscal year 1980 to fiscal year 2010. 3.4 Research Model developed FDI= ÃŽÂ ± + ÃŽÂ ²0GDP + ÃŽÂ ²1GDPG à ¢Ã¢â€š ¬Ã¢â‚¬Å" ÃŽÂ ²2Wage- ÃŽÂ ²3I + ÃŽÂ ²4ER + ÃŽÂ ²5IE à ¢Ã¢â€š ¬Ã¢â‚¬Å" ÃŽÂ ²6T à ¢Ã¢â€š ¬Ã¢â‚¬Å" ÃŽÂ ²7IR +  µ Where FDI = Net amount of Foreign Direct Investment received by Pakistan Wage = Annual wages paid to a worker, I = Inflation, IR = Interest rate, ER = Exchange rate (ER), IE = Infrastructure expenditure, T = Taxes, GDP, GDPG = GDP per capita growth rate. 3.3 Statistical Technique Multiple Regression was the statistical technique which was applied to test the hypothesis developed in research. This technique was applied because both the dependent variable and independent variables were scale and under this situation the prediction power of regression analysis is stronger as compared with the other statistical techniques available. CHAPTER 4: RESULTS 4.1 Findings and Interpretation of the results The results drawn by applying Multiple Regression analysis were as follows: Table: 4.1 ANOVA Model Sum of Squares df Mean Square F Sig. 1 Regression 2.524E39 4 6.310E38 1426.142 .000a Residual 1.106E37 25 4.424E35 Total 2.535E39 29 The Anova table explains the model fit, the F-test is statistically significant, which means that the model is statistically significant, as the sig. value in the Anova table is less than .05 therefore the model fit is good and regression can be applied on the data. Table: 4.2 Model Summary Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson 1 .998a .996 .995 6.65146E17 2.744 The model summary table explains what amount of variance in the dependent variable is explained by the independent variables. The value of R-square is .996 which means that approximately 99.6 % of the variance of SQDFDI is accounted for by the model and only .04 % of the variance remains unexplained. Independent variables were square of Infrastructure Expenditure (PSDP Fund), Interest Rate (IR), Inflation (I) and Exchange Rate (ER) and the dependent variable was Square of Net Foreign Direct Investment (SQDFDI). Table: 4.3 Coefficients Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) -9.595E17 7.703E17 -1.246 .224 Inflation -8.806E16 3.960E16 -.037 -2.224 .035 .640 1.562 Interest Rate 2.047E17 6.261E16 .045 3.270 .003 .920 1.086 Exchange rate -5.646E16 9.021E15 -.125 -6.259 .000 .440 2.273 IE 1.654E8 3349513.619 1.094 49.392 .000 .356 2.809 The co-efficients table shows the significance of individual independent variable in explaining the dependent variable. In the final model square of Infrastructure Expenditure (PSDP Fund), Interest Rate (IR), Inflation (I) and Exchange Rate (ER) were the statistically significant variables. The effect of Inflation (b= -8.806, p=.035) is significant and its coefficient is negative indicating that the greater the inflation rate, the lower the Foreign Direct Investment. The value of beta indicates that 1 unit increase in inflation will decrease FDI by 8.806 units. Similarly, the effect of Interest Rate (b= 2.047, p=.003) is significant and its coefficient is positive indicating that the greater the value of interest rate, the higher the amount of FDI received. The value of beta indicates that 1 unit increase in interest rate will increase FDI by 2.047 units. Next, the effect of Exchange Rate (b= -5.646, p=.000) is significant and its coefficient is negative indicating that the greater t he exchange rate, the lower the amount of FDI. The value of beta indicates that 1 unit increase in exchange rate will decrease FDI by 5.646 units. Finally, the effect of Infrastructure Expenditure (b= 1.654, p=.000) is significant and its coefficient is positive indicating that the greater the amount spent by government on infrastructure, the higher the amount of FDI the country will receive. The value of beta indicates that 1 unit increase in amount of infrastructure expenditure will lead to an increase of 1.654 units in FDI. Empirical Model Developed FDI = 1.654 Infrastructure Expenditure + 2.047 Interest Rate 5.646 Exchange Rate 8.806 Inflation 4.2 Hypothesis Assessment Summary H. # Hypothesis ÃŽÂ ² Sig. Result H1 Wage has negative impact on FDI Nil H2 GDP has positive impact on FDI H3 Infrastructure expenditure has positive impact on FDI 1.654 .000 Accept H4 Taxes has negative impact on FDI H5 Inflation has negative impact on FDI -8.806 .035 Accept H6 GDP per capita growth has positive impact on FDI H7 Exchange rate has positive impact on FDI -5.646 .000 Reject H8 Interest rate has negative impact on FDI 2.04 .003 Reject CHAPTER 5: DISCUSSION, CONCLUSION, IMPLICATIONS AND FUTURE RESEARCH 5.1 Conclusion Foreign direct invest being the most important factor in the development of developing countries likewise Pakistan. From recent years there has been great fight going on among LDCà ¢Ã¢â€š ¬Ã¢â€ž ¢s from all over the world to attract higher amount of FDI to fuel their economic growth. This research was intended to find out the impact of macroeconomic variables including GDP, GDP per capita growth rate, Interest rate, Inflation rate, Wage rate, Exchange rate, Tax rate and Infrastructure expenditure (PSDP fund) on the inflow of Foreign Direct Investment in Pakistan. The relationship between wage rate (W) and FDI could not be established because insufficient data was available on the annual wage rate in the country. GDP, GDP per capita growth rate and Tax rate were statistically insignificant in contributing in the final model. The most significant variables in the model were Inflation rate and Exchange rate; both had negative relation with FDI inflow having beta of -8.806 and -5.646 re spectively. Interest rate and Infrastructure expenditure (PSDP fund) were positively related with FDI inflow having beta of 2.047 and 1.654 respectively. 5.2 Discussion 5.3 Implications and Recommendations 5.4 Future Research

Bob Marley - 1577 Words

In a time of political, economic, and social unrest, a new way of protest was beginning to emerge from Jamaica in the form of reggae music. It was 1963 when a young man from Jamaica by the name of Robert Nesta Marley, better known as â€Å"Bob Marley†, formed a band called The Wailers, who would undoubtedly become one of the only reggae bands to rise up from the oppression of the third world country. The country of Jamaica had just gained independence from the U.K. in 1962, but was anything but a free nation. Those in power chose to exploit the country’s few main exports, primarily bauxite, a mineral used in the process of manufacturing aluminum. The first ten years of Jamaican independence saw considerable economic growth, but these†¦show more content†¦So the Jamaican sound systems, mobile devices such as vans or musical equipment on wheels, would be used to host dances, and the deejays would also use their sound systems to inform his listeners on politic al happenings. King states that, â€Å"As one of the few affordable social activities for the poor, the sound system brought music to places where the voice of the poor could be heard without interference by local authorities† (16). Like most of the world during this time, the black population was not allowed any political power, and many began to seek ways to resist. One of the methods used as a means to passively fight back against the imbalance was the Rastafarian religion. The Rastafarian religion was born early in the twentieth century, but its roots date back as far as the late 1800’s when slaves felt compelled to revolt against the plantation owners on the belief that God was calling them to fight for freedom. In 1927, a man named Marcus Garvey brought forth to Jamaicans the basis of the Rastafarian religion, which was to look to Africa for the crowning of a king. This would be a sign for Jamaica that freedom is near. From Africana, the Encyclopedia of the African and the African-American Experience, author Roanne Edwards quotes Garvey: â€Å"Look to Africa for the crowning of a king to know that your redemption is nigh† (Edwards 1592). In 1930 Ras Tafari was crowned emperor of Ethiopia and baptized with the name Haile Selassie.Show MoreRelated Bob Marley Essay3133 Words   |  13 PagesThesis Statement: Bob Marley’s life affected his writing and contributed to the development of his poetry. Bob Marley is without a doubt the greatest musician a third world country ever produced. Through Rastafari ideas, he influenced many others with songs that touched the lives of millions with his constant message of unity. His wisdom through experience helped him achieve a grand distinction over other artists. 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African music is based around rhythm patterns, and rhythm and beat are the most important features of Reggae. Also there is the influence of other Caribbean music such as