Tuesday, August 6, 2019
Benjamin Franklin by Edmund Morgan Essay Example for Free
Benjamin Franklin by Edmund Morgan Essay One of the most famous biographies ever written is said to be made by Edmund Morgan, when he accounted that of Benjamin Franklinââ¬â¢s life. He did so by presenting a very special style in analyzing Franklins existence. He made it possible by not narrating an everyday account with the use of dates, but instead accounted for the overall legacy of Franklinââ¬â¢s life. After reading the book, it can be said that the book establishes a broad view of Franklinââ¬â¢s existence. Franklin has been discussed as universally well-known for three things: his discovery of electricity, his writings, and his participation in the American Revolution. In this way, Morgan was able to present how Franklin has influenced the American, the government and the society as a whole. Born on January 17, 1706, young Franklin was presented by the author as a vigorous and curios one. It was also mentioned that his favorite past time was playing chess and singing songs. A further reading of the article shows that he also has his own belief in religion, which is Sin is not harmful because it is forbidden, but it is forbidden because it is harmful. Nor is a duty beneficial because it is commanded, but it is commanded because it is beneficial. As an individual, though he believes that God is the creator, he does attend mass and does not read bible. Nevertheless, it was at this stage of his life where he started writing about the virtues he believed in. A decade later, Franklinââ¬â¢s curiosity was instigated, when his English friend sent him Leyden jars for static electricity storage. Immediately, he started his own experiments with electricity. Subsequently, he discovered that a metal rod with a sharp end can ignite a spark from a greater distance than that of a rounded one. Based on the said findings, he proceeded on and proposed to conduct an experiment with a kite and a key to confirm that lightning is indeed electricity. His efforts proved him right, and his successful experiment discovering electricity made him famous. Among the study Franklin has made, includes that of the effect which ocean current has on travel and the pre germ theory. Morgan also touched the life of Franklin being a writer. According to Morgan, Franklin, though he left the field of printing earlier, he never left it totally. This was possible because he continuously carried out his work secretly as a printer in the field of philosophy, alongside with the renowned Poor Richardââ¬â¢s Almanack. He also succeeded in circulating numerous satirical hoax discourses. One of the popular speeches he made talks about a woman who had five illegitimate children and ironically claims to be following Godââ¬â¢s word to increase and multiply. Franklinââ¬â¢s prominent pieces of writing talks about the qualities which he said would lead one to moral perfection, which includes Temperance, Chastity, Cleanliness, and Humility. It bears stressing that Franklin wrote these articles based from his own insights of good deeds against faith and not from religious dogma and sermons. The core of Franklinââ¬â¢s writings on religion imparts that a human being can be moral and god-fearing even without dogmatic presence of the church. As for Franklinââ¬â¢s participation in American Revolution, it can be gleaned from Morganââ¬â¢s statement that the transition of America into an independent nation may not have been as easy were it not for Franklinââ¬â¢s efforts. His international relations with the British government and the French before, during, and after the hostilities proved very useful to America in instituting and re-instituting alliances. In the book, Franklin was presented to be one who is so influential in defending a pre-Revolution Philadelphia from French privateers, evenly allowing the British to preserve their influence in America and the colonies to resist division. This was due to Franklinââ¬â¢s belief that the British government was unyielding, but necessitates several modifications. All the complexities which were faced by Franklin in his life were discussed in the later part of the book. This occurred after he was sent to England in 1764 as a colonial agent, where he realized how complicated for someone from America to tackle these corrections, principally that of the colonistsââ¬â¢ aspiration to elect their officials and to enjoy rights. On an ending note, Morgan went further when he made statement that depicted Adams as the most contentious colleague of Franklin during that time, and the reason for making living miserable for Franklin. BOOK REVIEW A reading of the book reveals that it was written in a narrative form, which trails more chronological events in Franklinââ¬â¢s life. Morgan made this possible by utilizing several quotations and pictures from Franklinââ¬â¢s works in telling his account. These help the person who reads in appreciating the events and thoughts from Franklinââ¬â¢s viewpoint. In some way, it can be said that the book is the best speech ever written, which comprises of an all-encompassing prologue, followed by a comprehensive series of events that is supplemented with optimistic tales and motivating truth imparted by Franklin. At this point of view, readers can say that Morganââ¬â¢s writing technique is interwoven efficiently and wittily. Furthermore, he vividly sketches the outlines of Franklins growing outlook while unremarkably helping his readers grapple the details of his life in politics and the surfacing international condition during the American Revolution. From time to time, he even personally directed statements to the reader and alludes to what he himself is trying to understand about Franklin. On a different note, it could also be said that the story is of an adventure type that take hold of readers with the anecdotes of Franklinââ¬â¢s participation in the political events of 18th-century America. Nevertheless, the author did not lose sight of the significance of the other facet of the mans qualities and the opinion and actions of others toward him. This was the reason for the biographys success since it engages readers attention in the grand live stage show of this intriguing mans life. One of the topics which were concentrated by Morgan in Franklinââ¬â¢s life, is his being diplomat. It was presented by the detailed account of Franklins vital role in the lengthy progression of calculations and miscalculations that pressed the loyal and dutiful British colonies into revolution and forged them into the United States of America. As written, Franklin, can be seen in every event, frequently behind the picture, but always exceptionally influential, a compelling catalyst for change, which has left an impact in the life of Americans and British government and society. Importantly, in this book we can learn that Franklin is the sole man whose signature maybe found on all four of the important founding documents of the American republic which are the Declaration of Independence, the Articles of Confederation, the Treaty of Paris, and the Constitution. As for the impact Franklinââ¬â¢s life and this book may have in the society and public policy, it is important to mention that even if he did not believe in bible writings and the of the existence of God, he seems to have lived in an otherwise moral existence and have not lost sight of the need for people to be living with such religious morality. The most essential aspect of Franklins personality was his unselfish way of sharing to others and his belief that what is right is that which is beneficial. Thus, it can be inferred that one of the lessons in Franklinââ¬â¢s life which is being taught is that, being useful means providing the needs of other inhabitants, not only for oneââ¬â¢s self, and that a man with an intelligence concerning him comes only to those individual who possesses a great heart. As for the economy, this book made us learn that Franklin, after experiencing his first achievement, had launched several successful commercial partnerships which lead to the development of the law of partnerships in America. This is said to be one of the many contributions Franklin has made in the history. Aside from the foregoing influences of Franklin has given to the society, it is of everyoneââ¬â¢s knowledge that his greatest contribution was his discovery of electricity. This discovery was the product of his scientific curiosity which has originally established his fame in the world. In sum, it can be said that Morganââ¬â¢s biography of Franklin imparts a representation of the renowned man with the kite that one might not anticipate in an intellectual biography. It is manifest from the opening that Morgan wishes the person who reads to see beyond the characterization of Franklin that we often read in books and articles. In this work, we came to learn, as stated at the outset, that Benjamin Franklin is famously known for three things: his experiments with electricity, his writings, and his involvement in the American Revolution. However, it is important to note that the behavior that Morgan actually wishes for the reader to be aware of is that to successful in this world, one should posseââ¬â¢s inquisitiveness and enthrallment with the world around him, coupled with a serene obsession for the intellectual strength of persons, and a benevolent social servitude. Reference: www. class. uidaho. edu/Engl440/NYRB/NRYB_Edmund_Morgan. htm, Retrieved April 09, 2007. http://www. brothersjudd. com/index. cfm/fuseaction/reviews. detail/book_id/1183/Benjamin%20Fra. htm Retrieved April 09, 2007
Monday, August 5, 2019
Reflection on growth of competency in Clinical Skill
Reflection on growth of competency in Clinical Skill For this essay I am going to reflect upon a clinical skill I have become competent in during my training. I will use a reflective model to discuss how I undertook the skill. I will also discuss the rational and research behind the skill. The model of reflection I have chosen is Gibbs (Siviter, 2004). The Gibbs model of reflection allows the skill to be critically analysed. This is achieved by using the following sub headings; description, feelings, evaluation, analysis, conclusion and an action plan (Siviter, 2004). The skill that I will reflect on in this essay is the administration of an intramuscular Injection (IM). An IM is an injection deep into a muscle (Dougherty Lister, 2008). This route is often chosen for its quick absorption rate and often medication cannot be given via other routes. The reason I have chosen to reflect on this skill is because I have had many opportunities to perform this skill, and at my current practice placement this is the most commonly used method of drug administration. I have undertook many IMs at this placement but I am going to reflect on the first one I undertook which was the administration of Hydroxocobalamin commonly known as vitamin B12 (BNF, 2007) Description During a morning clinic with the practice nurse, I was asked if I would like to administer an IM on the next patient, which was a 26 year old lady who has been suffering from crohns disease which can cause B12 deficiency due to lack of vitamin and mineral absorption (NACC, 2007). I agreed and she briefly went through with me how to do an IM as it had been a while since I had last done one. I called the patient in and asked her to sit down. The patient had come in for her first injection of B12. I chatted to the patient asking her how she was and if she had any concerns. I then gained consent asking her if it was ok for me as a student to administer it under the supervision of the practice nurse. The patient responded with you have got to learn I then prepared the equipment which included two needles, a sharps box, a piece of gauze and the medication. I checked the prescription with the practice nurse, and then checked the ampoule against the prescription. I then drew up the medicatio n with one needle disposing of it in the sharps box and attached the other needle. I then proceeded to administer the medication, after completing the procedure I disposed of the needle in the sharps box and documented it in the patients notes. After the patient had left the nurse explained to me I had done it all correct except I had gone in too far so if the needle broke it would be hard to get it out and that I didnt aspirate to check if I had gone into a vein. Thoughts and feelings After I was asked if I wanted to do the IM I felt very anxious as it had been more than 6 months since the last time I had administered one. But she explained the procedure to me which relieved some of my anxiety. When I first met the patient I was feeling allot more nervous as the patient was roughly my age and I havent had much experience of caring for the younger person. After the procedure when I was told I was wrong for not aspirating I felt annoyed as I was sure I had read that aspirating was no longer necessary. Evaluation Overall I feel that the clinical skill went well as a whole. I followed the instructions from my mentor and what the research has suggested other than feeling a little anxious I performed the skill confidently and correctly. What I feel was bad about the experience is with my communication, which reflecting on I believe was lacking. I communicated with the patient prior to the skill and after the skill, but during I felt I almost forgot there was a patient on the end of the needle. I was so focused on getting the skill right and not causing any pain I didnt talk to the patient throughout the whole thing. Another point that I feel was bad is, I forgot to wear an apron. My mentor never mentioned anything about this although I do feel I should have worn one as its an aseptic technique and its part of the (DOH, 2006) guidelines. Analysis The reason why an IM injection was chosen is because B12 can only be administered via IM (BNF, 2007). I gained informed consent off the patient as this is part the NMC guidelines. (NMC, 2008) As patients have the right to decline treatment. After gaining consent, I then checked the medication against the patients chart to ascertain the following: Drug, Dose, date, route, the validity of the prescription and the doctors signature. This is done to make sure the patient receives the correct drug and dose (NMC, 2008) I then washed my hands using Ayliffes six step technique to reduce the risk of infection and put gloves on as part of DOH 2007 Guidelines . The site that I chose was the mid deltoid site. Hunt (2008) Suggests that this is the best site to use as its easy to access whether the patient is sitting, standing or lying down, it also has the advantage of being away from major nerves and blood vessels. Although Roger (2000) states that only 2ml at most can be injected into the delto id. I was able to proceed with this site as B12 comes in a 1ml dose (BNF, 2007). I asked her if she would prefer to sit or lie down, she said she rather sit, this was ok with me as I am not very tall and found this a comfortable position for me. As the patient was wearing a short sleeve top I asked her to move it up slightly instead of removing it thus allowing her to maintain her privacy and dignity. I then assessed the injection site for suitability checking for any signs of infection, oedema or lesions. This is done to promote the effectiveness of administration and reduce the risk of cross infection (Woorkman, 1999). Holding the needle at a 90 degree angle it is quickly pushed into the muscle. Workman 1999 says this ensures good muscle penetration. I inserted the needle leaving approximately 1/2cm exposed as Workman, (1999) says this makes removing it easier should it break off. At this point I decided not to aspirate as per research (DOH, 2006). After inserting the needle I all owed it to remain there for 10 seconds. As Woorkman (1999) suggest that leaving in situ for 10 seconds allows the medication to diffuse into the tissues. After 10 seconds had past I swiftly removed the needle and applied pressure according to Dougherty Lister (2008) this helps prevent the formation of a haematoma. Immediately after carrying out the skill I disposed of the needle into a rigid sharps container. To ensure health and safety is maintained and the used sharps dont present a danger to me or other staff members as stated by MRHA (2004). After the procedure I documented it within the patients notes as per NMC guidelines and to provide a point of reference if there ever was a query regarding the treatment and to prevent duplicate administration (NMC, Guide lines for records and record keeping, 2005). After the skill I discussed with my mentor that recent evidence suggest that aspirating is unnecessary. According to Workman (1999) the reason for aspirating is to confirm that the needle is in the correct position and to make sure that it has not gone into a vein. The most recent and up to date evidence, says that aspiration is only necessary if using the dorsoglutealà site to check for gluteal artery entry (Hunter, 2008). But official guidance from the World Health Organisation and the Department of Health (DOH, 2006) (WHO, 2004) suggest that this site should no longer be used, thus making aspiration unnecessary. By not aspirating it makes the procedure simpler and less chance of adverse events. Furthermore pharmaceutical companies are making less caustic preparations and in smaller volumes. I discussed this with my mentor and she agreed but stated that it is PCT policy to aspirate, and she would have to continue to follow this practice until the policy was amended. Conclusion Using the Gibbs model of reflection has allowed me to thoroughly analyse the event and allowed me to explore my feelings. I have found out despite the evidence being constantly up to date that not all practitioners knowledge is as up to date, and that trusts are equally as slow to adopt new ideas within their policies and that nurses are governed by policy more than current research. I have also learned that there is a great deal of evidence behind such what on the outside seems to be a simple technique and what I thought I was doing correctly may not always be the case. Action plan I do not doubt I will be carrying out IMs for a long time in my career. I will not be doing much differently in the future as the evidence is underpinning my practice. I will not put the needle in as far as I did on this occasion. In the future I will continue not to aspirate, unless local policy indicates otherwise. In addition I will communicate with the patient throughout the entire skill and not just at the start and end of. Whats more from this event I have realised that learning never stops and what I know now may not be relevant tomorrow.
Effects of Foreign Direct Investment on Jordan
Effects of Foreign Direct Investment on Jordan Chapter 1: Introduction Problem background Foreign direct investment has become the major economic driver of globalisation, accounting for over half of all cross-border investments. for example, approximately $1 trillion in greenfield investment was announced by companies in 2007, creating about 3 million jobs in their overseas subsidiaries. Companies are rapidly globalising through FDI to serve new markets and customers, map out their value chains in the most efficient locations globally, and to access technological and natural resources. A government of another country may also decide to invest in other countries through the direct provision of grants to developing countries. Foreign direct investment is often used by multinational companies as a means of extending their manufacturing to countries abroad. Foreign direct investment by multinational firms is said to have grown tremendously over the last two decades even above trade flows. (Markusen and Venables, 1999). International economic activity increasingly involves foreign production and intra-firm trade by multinational firms and it is now estimated that approximately 30% of world trade is intra-firm. (Markusen and Venables, 1999). Despite the growth in FDI, Markusen and Venables (1999) suggest that we have a poor understanding of the ways in which direct investment is just a simple substitute for trade, as well as the ways in which it is something quite different. Countries often offer incentives to foreign investors in a bid to lure them to invest in domestic firms. These incentives come in the form of trade policy concessions, financial assistance and tax breaks. (Girma, 2001). For example, Girma (2001) notes that the British government provided the equivalent of $30,000 per employee to attract Samsung to North East England and $50,000 per employee to attract Siemens to Newcastle. (UNCTAD, 1996). This incentive packages are justified on the grounds that productivity gains would be accrue to domestic producers from knowledge externalities generated by foreign affiliates. (Smarzynska, 2002). Furthermore, Girma (2001) suggests that these incentive schemes have been justified on the grounds that the facilitate the creation of jobs, as well as regional development. It is often believed that there is a productivity gap between foreign owned firms and domestic firms and the attraction of foreign direct investment can help bridge this gap due to the potential for spillovers. Girma and Wakelin (2000) suggests that spillovers would have regional dimension for a number of reasons. Spillovers can result from the direct contacts with local suppliers and distributors. This may arise from upward and downward linkages which may be local in nature thus minimising transport costs and facilitating communication between the supplier/distributor and the Multinational firm. (Girma and Wakelin, 2000). In addition, multinationals provide training to employees which increases the turnover of labour thus creating another avenue for spillovers. (Haacker, 1999) cited by Girma and Wakelin (2000). (Girma, 2001). However, Smarzynska (2002) suggests that there is little conclusive evidence indicating that domestic firms benefit from foreign presence in their sector. It has also been suggested that multinational firms have an incentive to prevent information leakage that would improve the performance of their local competitors in the same industry but at the same time may want to transfer knowledge to local suppliers in other suppliers. Smarzynska (2002). As a result, spillover effects from foreign direct investment are more likely than not to take place through backward linkages, that is, through contacts between domestic suppliers of intermediate inputs and their multinational clients. Smarzynska (2002). One would reasonably expect foreign direct investment to have an impact on the economic growth of a country. Foreign direct investment is said to provide a number of benefits to the receiving country through technological transfers, knowledge transfers etc. for example, for example, Borensztein et al. (1998) employ a model of technology diffusion to show that the rate of economic growth of a backward country depends on the extent of adoption and implementation of new technologies that are already in use in leading countries. Carves (1974) had earlier suggested that foreign direct investment influenced host country conditions through two main channels. Firstly, foreign direct investment should result in technological transfers to host country firms. This should be so because multinational companies provide subsidiaries with an efficiency advantage which should indirectly generate spillover effects to other domestic firms irrespective of whether they are subsidiaries of the multinational company or not. Secondly, multinational presence could also have negative effects on domestic firms as this would result into an increased level of competition in the host country. As far back as the 1970s, many host country governments and some economists viewed multinational investment as detrimental to host economiesââ¬â¢ welfare and development, creating monopoly situations that exported those economies and stifled local competition. (Markusen and Venebles, 1999). The view in the 1990s was however considerably different and more optimistic, suggesting that multinationals have important complementaries with local industry and may stimulate development in host economies. (Markusen and Venables, 1999). In the absence of any microeconomic imperfections, a small foreign direct investment (FDI) project will have no effect on host economy welfare, so if a case is to be made for gains and losses, it must rest on the possibility that FDI creates or interacts with distortions in the host economy. (Markusen and Venables, 1999). 1.2. Motivation of the study Jordan remains a major region of inward foreign direct investment. Studying the impact of foreign direct investment on Jordanââ¬â¢s economic growth can be justified for a number of reasons. FDI theory suggests that multinational firms have firm specific assets which imply that the may also have higher productivity than domestic firms as a result of the superior technological knowledge, access to international networks and management structure. (Girma, 2001). A company with high foreign direct investment is therefore expected to be capable of benefiting from a substantial increase in net exports which is a major determinant of economic growth. According to Girma (2001) the fact that multinational companies have higher levels of productivity growth indicates that the host country should enjoy two main benefits: (1) the host country should benefit from new production facilities or benefit from the rescue of failing firms in the case of acquisition, potentially raising output, employm ent and exports; (2) foreign firms should be unable to internalise their advantages fully which should enable domestic firms to benefit from spillovers. (Girma, 2001). The combined effects of these benefits should therefore result in high levels of economic growth. It is therefore essential to test these propositions using data on Jordan. Foreign direct investment has been carried out in many other countries mostly in the Western countries such as the United Kingdom, United States, Germany, China, etc. The literature seems to be lacking in terms of Jordan. With increasing growth in multinational activity and increase concern as to whether FDI contributes to the general welfare of an economy, it is the interest of this paper to understand whether FDI contributes to the economic growth of a country, making reference to Jordan as a case study. Most of the studies on foreign direct investment have focused on the spillover effects of FDI activity to domestic companies. In addition, most of the studies have been carried out using microeconomic analysis. This paper considers the problem from a macroeconomic perspective by studying the direct relationship between FDI activity and economic growth on Jordan. 1.3. Objectives of the Study. The objective of this study is to model the effects of foreign direct investment on Jordan by using aggregate macroeconomic data over the period 1976 to 2006. To isolate the effects of other macroeconomic variables on economic growth and to improve the overall significance of the model, the neoclassical growth model will be employed. 1.4 Significance of the Study. The study will serve as a yard stick for policy makers when designing macroeconomic policy in relation to incentives related to the attraction of foreign direct investment in Jordan, openness of the economy, designing monetary and fiscal policy in Jordan. The research will also serve as a guide for further research to students and researchers interested in studying the impact of foreign direct investment on the economic growth of Jordan. 1.5. Limitations of the Study. Chapter 2. Literature Review 2.1 Definition of Foreign Direct Investment. Foreign direct investment is defined as the process whereby a company in one country makes a physical investment to build a factory in another country. These include investments made to acquire lasting interest in enterprises operating outside the economy of the investing company. Foreign direct investment is often promoted by multinational companies when they decide to expand their manufacturing or businesses abroad. Foreign direct investment is also considered to be a diversification strategy pursued mostly by multinational companies which involves the purchased of assets, usually associated with manufacturing or distribution facilities, in another country. FDI is often regarded as the second stage of overseas involvement after agency or licensing agreements have been used to establish a market. Investors in such companies find it more appropriate to reinvest the earnings generated from foreign activities due to the difficulties entailed in the repatriation of profits, as well as t he differences in tax systems that may make it more efficient to retain earnings and reinvest overseas, than to bring them home. 2.2 Determinants of Foreign Direct Investment According to Lim (2008) citing Dunning (1996, p. 56) there are four types of motives behind the FDI activities of multinational firms. These include resource seeking, market seeking, efficiency seeking, and strategy asset capacity seeking. (Lim, 2008: p. 40). These are referred to by the UNCTAD as economic determinants. (Lim, 2008). A host countryââ¬â¢s policy framework and business facilitation also plays an important role in determining MNCsââ¬â¢ FDI activities. These include the size of the domestic market, institutional and political environment of the host country, the number of distribution channels, the level of financial development, the taxation policy of the host country etc. According to James (2008) the level of financial development may affect the level of foreign direct investment. Accordingly, financial development acts as a mechanism in facilitating the adoption of new technologies in the domestic economy. (James, 2008). It has also been suggested that the build ing of distribution channels in the host country may also affect the level of foreign direct investment. (Stoian and Filipaios, 2008). This indicates that the more distribution channels a firm can build and the more easy it is to build these channels in the host country, the higher would be the likelihood that the multinational company will make an investment in the host country. Another important factor is the political environment of the host country. It has been suggested in the literature that there is a relationship between broad indices of socio-political instability and institutional quality, political freedom and democracy and FDI. (Kolstad and Vollanger, 2008). The political environment of the host country is therefore an important determinant of FDI. Conventional wisdom detects that high levels of political and social stability, high political freedom, high institutional quality, and high levels of democracy will facilitate the levels of FDI. On the contrary, a country tha t performs poorly on the latter indices of political and institutional factors runs the risk of attracting little or no FDI. The size of the domestic market also influences foreign direct investment. (James, 2008). The larger the size of the domestic market, the higher will be the level of FDI as multinational firms scramble to reap the benefits of economies of scale (economies of scale represent the advantages a firm enjoys because of the fact that it is operating on a large scale. Taxation policies both in the home and host countries may also affect the level of FDI. For example, Hartman (1981) suggests that since the repatriation of earnings to the home country investor and not earnings themselves form the source of the tax liability, the foreign source income should affect investment differently depending on the required transfers of funds within the firm. Consequently, in order to maximise after tax profits, a firm should finance its foreign investment out of foreign earnings t o the greatest extent possible. This further indicates that the required return on investment abroad increases at the point at which foreign investment just exhausts foreign earnings. (Hartman, 1981). Foreign direct investment is also determined by corporate governance. For example, Lien et al. (2005) provide evidence that the presence of a large number of supervisors is associated with FDI outside China, which is consistent with resource strategy views on corporate boards. They also find that family control and share ownership of domestic firms are associated with FDI strategy. There is also an observation of a negative relationship between foreign share ownership in Taiwanese foreign firms and FDI decisions. (Lien et al., 2005). Wu and Radbone (2005) observe from Shangai data that different local factors determine the location of different patterns of FDI. For example, Wu and Radbone (2005) suggests that the development characteristic of urban districts is an important determinant of the location of service and manufacturing FDI. They provide evidence suggesting that service FDI tends to aggregate in the areas that already have a high density of service activities whereas manufacturing FDI prefers to locate in central government-designated areas where incentives and preferential treatment are present. (Wu and Radbone, 2005). 2.3. Foreign Direct Investment Around the world A number of studies have been carried out on FDI in different countries across the globe. These include, the United Kingdom, the United States, Germany, France, Developing countries, emerging markets such as China, India and Brazil. 2.3.1 FDI in the UK. It has been suggested that the United Kingdom is the most successful national location for new foreign manufacturing investment entering the European Union. (Hill and Munday, 1994) cited by Driffield and Munday (1998). For example, the United Kingdom attracted net inward foreign direct investment of approximately à £27.2billion between 1987 and 1993 and estimates show that foreign manufacturing firms in the UK employ more that 78,000 people, and account for more that one quarter of UK manufacturing net output sales. (Driffield and Munday, 1998). Major contributors to foreign direct investment in the UK include companies from the United States, Germany, France and Japan and the major vehicle for this inward foreign direct investment is the acquisition of domestic UK companies. (Child et al., 2000). Girma (2001) investigating the presence of productivity or wage gap between foreign and domestic firms in the UK, as well as whether the presence of foreign firms in a sector raises the productivity of domestic firms provide evidence that foreign firms achieve greater productivity that domestic firms and pay higher wages. There is no evidence of intra-industry spillovers. (Girma, 2001). The findings from this study are inconsistent with an earlier study by Girma and Wakelin (2000) which suggests that domestic firms gain from the presence of multinational firms in the same sector and region, but loose out if the firms are located in a different region but the same sector. In addition Girma and Wakelin (2000) suggest that spillover e ffects are also influenced by the characteristics of the region. For example, less developed regions are found to gain less from spillovers than other regions, sectors with high levels of competition gain more, and sectors with low technological gap between foreign and domestic firms benefit from higher spillovers. (Girma and Wakelin, 2000). Table 1 below shows the trend of direct investment into the UK between 1986-95. Table 2.1.: Trend of direct investment into the UK 1986-1995 Source: Child et al. (2000). It can be observed that the USA remains the major contributor of FDI to the UK as observed from its increasing trend of FDI to the UK over the period 1986 to 1995. One can also observe that Japan has also been a major contributor but the FDI from Japan to the UK in the years to March 1993/95 witnessed a significant drop from à £1,085.00million in the years to March 1990/93 to à £109.1million. Germany has also been a major contributor with an increasing trend of FDI to the UK. France has been contributing the least among the four countries but the trend increased from à £59.2million in the years to March 1992/93 to à £1,188.2million in the years to March 1994/95. One can also observe that these four countries accounted for the highest proportion of FDI to the UK over the proportion ranging from approximately 73.0% ro 81%. Their share of FDI however witnessed a declining trend between the period 1986/7 and 1992/3. Their share of FDI to the UK again rose from 70.8% in 1992/3 to 80.9 % in 1994/5. Driffield and Munday (1998) observed whether the extent to which foreign direct investment in selected UK manufacturers has an impact on the report profit of domestic firms. The evidence suggests that in addition to having an impact on domestic market share, entry by foreign firms also has an impact on the domestic cost conditions which leads to a high probability that the profits of the domestic firms may be reduced. 2.3.2 Foreign Direct Investment in the USA. 2.3.3 Foreign Direct Investment in Asia 2.3.4 South America 2.2.5 FDI in the Euro Area. 2.4 Foreign Direct Investment in Jordan. Jordan falls among the countries classified by the United Nations Conference on Trade and Development (UNCTAD) as ââ¬Å"front-runnersâ⬠. These include countries with high FDI potential and performance. (UNCTAD, 2008). Apart from Jordan, other countries classified as front-runners include Azerbaijan, Bahamas, Bahrain, Belgium, Botswana, Brunei Darussalam, Belgium, etc. (UNCTAD, 2008). For example, Jordan ranked number 7 in the 2004-2006 FDI performance index of the UNCTAD. This marked an improvement based on the 2003-2005 FDI performance index which ranked Jordan 19th. (UNCTAD, 2008). 2.5 Literature Review There has been a lot of studies ob how foreign direct investment affects the economic growth of a country. However, most of the studies have focused their attention of firm level data using a small sample of firms to test their hypothesis and later on generalise results to the country as a whole. In addition, most of these studies have focused on how foreign direct investment increase productivity growth with particular emphasis on the marginal physical products of factor inputs such as labour and capital. A number of studies have been carried out on foreign direct investment ranging from the determinants o foreign direct investment, impact of foreign direct investment on economic growth, foreign exchange rates and foreign direct investment, taxation and foreign direct investment, spill over effects of foreign direct investment, etc. In this section of the paper a number of these studies will be reviewed so as to see where there are still gaps in the literature. As concerns the deter minants of FDI, Kolstad and Villianger (2008) employs firm level FDI data from 57 countries over the period 1989 to 2000, to examine the host country determinants of FDI flows in services as a whole, and in the major service industries. Their results suggest that institutional quality and democracy are more important for FDI in services than general investment risk or political stability. Specifically Kolstad and Villanger (2008) observe that democracy affects FDI to developing countries only, indicating that the absence of democracy is detrimental to investment below a certain treshhold. Consistent with the observation that many services are non-tradable, Kolstad and Villager observe that service FDI is market-seeking, and unaffected by trade openness. Stoain and Filipaios (2008) suggest that Greek firms invest primarily in similar countries with small market size, and open economies. High bureaucratic quality and rule of law are also found to be essential determinants of the FDI d ecisions of Greek firms while the existence of high corruption serves as a deterrent to FDI. (Stoain and Filipaios, 2008). James (2008) using data As concerns taxation, Hartman (1981) suggests that since the repatriation of earnings to the home country investor and not earnings themselves form the source of the tax liability, the foreign source income should affect investment differently depending on the required transfers of funds within the firm. Consequently, in order to maximise after tax profits, a firm should finance its foreign investment out of foreign earnings to the greatest extent possible. This further indicates that the required return on investment abroad increases at the point at which foreign investment just exhausts foreign earnings. Chapter 3. Research Methodology and Data. In this chapter, the methodology, as well as the data used to achieve the research aims and objectives would be discussed. Methodology is very important as it may affect the results of the study. It is therefore appropriate to discuss the methods properly since it will serve as a plan that would be referred to when completing each step in the latter part of the study. Data is very important especially the source from which it is obtained as some data sources tend to be unreliable while others are reliable. Relevant data must also be used in the study so as to ensure that the results are not biased. 3.1 Methodology The research method appropriate for this study is a quantitative research approach. Unlike most of the studies on FDI that have often used firm level data, this firm is going to use aggregate macroeconomic data to achieve its objective. The study aims at analysing how economic growth in Jordan is affected by inward foreign direct investment into the country. The appropriate way to achieve this is to establish a relationship between economic growth and inward foreign direct investment and then determine whether this relationship positive or negative and whether the relationship is significant. The significance will be done by carrying out t-tests on the coefficients that will be obtained by running the regressions. To achieve this, a regression model would be used to model the relationship between FDI and economic growth. To isolate the effects of other variables, and to improve the significance of the model, it is necessary to include other variables in the model. According to the neoclassical growth model, economic growth depends on a number of factors. These include domestic investments, population growth, which can be proxied by the labour force, foreign direct investment, development of the banking system, openness of the economy and education proxied by the expenditure on education and technology proxied by capital formation. Based on the above discussion, we can write the following growth model for Jordan. If we assume that economic growth is determined solely by FDI we can write the following growth model. (1) Where measures the annual growth in GDP per capita in percentage terms, represents a measure of the growth in per capita GDP not accounted for by fluctuations in the net inflow of FDI, is a parameter that measures the sensitivity of per capita GDP to changes in the net inflow of FDI, is the change in the net inflow of foreign direct investment to Jordan in year t, the subscripts t and j represent Jordan and time respectively, is a serially uncorrelated error term, which is assumed to have an expected value of zero. It measures the growth in per capita GDP that is neither accounted for by changes in FDI nor. The overall significance of the above model would be tested by calculating the R-square and testing its significance. The R-square is given by: (2) where RSS and TSS represent the regression sum of squares and total sum of squares respectively. If the R-square is below 50% this would indicate that changes in FDI to Jordan do not properly capture changes in per capita GDP indicating that model 1 is not a good model for the data. In that case we would have to include other macroeconomic variables into the model to improve on its overall significance. These variables include among others: interest rates, openness of the economy, domestic investments, population growth, education, technological development, etc. Taking this into consideration we can now write the following model: (3) where and remain as earlier defined, , , , , measure the sensitivity of movements in the per capita GDP growth to changes in banking sector development, government expenditure on goods and services, trade and net exports. The banking sector development is measured by using the domestic credit provided by the banking sector as a percentage of GDP. , , , and represent the change in FDI as a percentage of GDP for Jordan in year t, change in the banking sector development as a percentage of GDP for Jordan in year t, change in government expenditure as a percentage of GDP for Jordan in year t, change in trade as a percentage of GDP for Jordan in year t and change in net exports as a percentage of GDP for Jordan in year t, respectively. represents a serially uncorrelated random error term with zero expected value. Model 3 will also be estimated using ordinary least squares (OLS) regression and the significance of the coefficients will be tested using t-tests. The relationship between per capita GDP and economic FDI will also be explored. 3.1 Description of Data The data used in this study is obtained from the Economic and Social Development Service (ESDS) database, which reports world bank data on various economic growth indicators include GDP growth, per capita GDP growth, growth in exports, interest rates, consumer price index, inflation, expenditure on primary, secondary tertiary education, imports, exports, inward foreign direct investment, outward foreign direct investment, etc. Data on domestic credit provided by the banking sector as a percentage of GDP, exports of goods and services as a percentage of GDP, etc. The data is analysed using trend analysis and regression analysis. Trend analysis enables us to observe how the variables of interest have moved over the period under study. The period chosen for the study is 1976 to 2006. This spans over 30 years and enables us to observe how changes have taken place over the years. Trend analysis is however limited in that it cannot tell us which variables depend on which. We therefore turn to regression analysis, which enables us to study the relationship between variables and test for the significance of this relationship. We will therefore use regression analysis to determine how economic growth in Jordan is dependent on a number of growth determinants or indicators including banking sector development, foreign direct investment, population growth, government expenditure, gross capital formation, inflation, etc. Chapter 4. Data Presentation and Analysis 4.1 Trend Analysis. Figure 1: Jordan FDI net Inflows (% of GDP) and GDP per Capita Growth (Annual %) 1976-2006. The figure above shows the Jordanââ¬â¢s FDI net inflows as a percentage of GDP over the period 1976 to 2006. Figure also shows the annual percentage GDP per Capita growth over the period 1976-2006. One can observe a constant trend in the GDP FDI net inflows as a percentage of GDP over the 20 year period 1976 to 1996. As from 1996, the FDI net inflows as a percentage of GDP took an upward turn and has been on the rise since then with very slight fluctuations. The FDI rose from a low of approximately 2.0% in 2004 to approximately 20% in 2006. This indicates that Jordan has witnessed significant growth in the net inflow of FDI over the last 10 years. The annual GDP per Capi
Sunday, August 4, 2019
Hackers Hacking & Code Crackers? :: essays research papers
According to three websites, the general definition of the word ââ¬Å"hacker,â⬠are: www.telecomsnews.co.uk/ states, ââ¬Å"Computer users who understand the "ins and outs" of computers, networks, and the Internet in general.â⬠www.computerdoctor.com stated, ââ¬Å"The term used to describe computer users who attempt to gain unauthorized access to sites. Some hackers perform security audits for companies for a fee; other hackers steal information from companies for their own personal gain.â⬠Finally, www.prenhall.com states, ââ¬Å"People who break into computer systems with the intention of causing destructionâ⬠. Personally, the definition of the word hacking/hackers is a computer enthusiast, someone who is extremely proficient or obsessive about programming, programming languages and or computer systems & networks. Hacking is a state of mind. Curiosity is the main point; a hacker always wants to know more about information, depending on his/her taste. It is the curiosities which makes them learn more and more quickly than another person of the same age. Traditionally hackers were regarded as ââ¬Å"geeksâ⬠, who knew everything about computers (hardware and software) and networks. They are very intelligent programmers. The term hacker was popularized by Steven Levy in his famous book ââ¬Å"Hackers: Heroes of Computer Revolution.â⬠When he said hacker, he meant brilliant, constructive programmer who led the way to the computer revolution. If I still don't acknowledge the courtesies of hackers, Eric S. Raymond reminds me what the hackers have done for us: "Hackers built the Internet. Hackers made the UNIX operating system what it is today. Hackers run Usenet. Hackers make the World Wide Web work. If you are part of this culture, if you have contributed to it and other people in it know who you are and call you a hacker, you're a hacker..." (The Hackers Jargon File Hard Cover) In days long gone by, a ââ¬Å"hackerâ⬠was someone who spent an inordinate amount of time engaged in the activity of 'hacking' at a keyboard. This slang term was eventually corrupted into an insult. Over time, the insult spread to other professions, but the term ââ¬Å"hackerâ⬠continued to apply to people who spent the late hours hunched over a keyboard. Eventually, computers began to reach the student community at colleges, schools and in public libraries. Such students were considered computer enthusiasts. These were often young people with curious natures and highly devoted to whatever their interest. Since computing resources were scarce, competition for access to them were fierce.
Saturday, August 3, 2019
The Relationship Between Early Humans and Their Environment :: Environment Environmental Pollution Preservation
The Relationship Between Early Humans and Their Environment In television shows and textbooks, early humans are often presented as being an isolated force within their environments - that is, that they evolved with relatively little influence from their environment. This view often stresses the advances of human beings and their exploitation of the environment as a function of their anatomical development, particularly brain capacity. However, it fails to address the fact that human beings were not as we know ourselves to be today; that we were simply another large carnivore interacting with many different types of animals and environmental conditions, who happened to evolve into a social creature with capacities for reason and innovation. I believe that that aspect of human evolution is extremely important because it is the only way in which one can begin to decipher the reasons why humans evolved from a relatively "dumb" creature, one among many, to the animal which they are today. In A Green History of the World, Clive Ponting analyzes human history from humans' hunter-gatherer roots, their ability to stand upright, their use of speech, and their use of tools. Mary Stiner would emphasize that although these aspects of humanity are important, it is just as fruitful, if not more so, to study the interactions of humans with their faunal counterparts. In doing so, one can try to uncover the reasons why humans evolved into large predators capable of using speech and tools to survive rather than remain like their primate relatives, who are relatively non-predatory. In Stiner's article, "Modern Human Origins - Faunal Perspectives," she emphasizes that because of changes within human beings themselves and changes in the environment (climactic conditions and types of surrounding predators, competitors, and prey) were human beings able to perhaps diverge from these primates with non-modern human characteristics and instead evolve to resemble their predatory competitors. Interestingly, a work on the nature of dogs has shed some insight into this idea of Stiner's - that the predatory competitors of humans rather than human ancestors heavily influenced humans in their hunting and lifestyle habits. It has been debated for some time how dogs became domesticated animals, how and from where they evolved, and how they helped humans to evolve. In a New York Times article by Nicholas Wade ("From Wolf to Dog, Yes, but When?"), Wade convincingly argues that perhaps dogs were never domesticated by humans, but rather domesticated themselves as a survival skill.
Friday, August 2, 2019
Solve a Problem
Solve a Problem Paper Laura Cud university to Phoenix PHALLI Creative Minds and Critical Thinking Jansen Buckler August 07, 2013 The concept of creativity in processing a strategic plan was not implemented in a professional scenario of consolidating two warehouses together; a consolidation that creates a centralized operation to maintain transparency for customer satisfaction. The creative process has two broad applications to open the thought process of being creative: solving problems and resolving controversial Issues (Ruggeri, 2009).More to the point the terms problem and issue noticeably overlap; both terms refer o an unpleasant condition that challenges the resourcefulness to provide a satisfactory remedy to an explosive problem. Although the term Issue divides personnel against each other, both sides have created barriers against the opposing party. By evaluating the four stages of creativity will gain an understanding to have a productive project while maintain transparency t o the customer. The tour stages to creative process that should have applied to a consolidation project begin with (a) searching for challenges (Ruggeri, 2009).Frequently challenges are presented with issues that create an evidential dilemma. Problems that include longer than expected customer wait time due to multiple warehouses to execute a response of materiel issue to the customer. To meet this challenges In an original yet effective way management must (b) express the problem or issue to identify the problematic areas for consolidating the warehouses. Recognizing the problems within an issue will yield a plausible solution.Furthermore having to transport materiel issue documents between building causing double and sometime triple handling of materiel hard copy issue documents. Only after the (c) investigating to problem or issue will management discover the pertain Information necessary to deal effectively with customer dissatisfaction of having to wait long periods of time to receive materiel, especially under urgent conditions. The investigating stage allows the process to be mapped out to see where fresh Ideas can be Implemented and old processed might be evicted bring about a new and improved management of hard copy documents.These fresh concepts will be the source of (d) producing ideas that generates credible consideration to decide what action to take In order to mitigate the current customer wait times. Although there are two obstacles to overcome: the unwitting tendency to limit Ideas regarding familiar habits and creating barriers to the ââ¬Å"unknownâ⬠to change (Ruggeri, 2009). The Ana in our project tell short in this stage, as a team on this consolidation project we taunt ourselves tempting to hold tight to the current processes. It seemed that the new processes were alien and the creativity within this project fell short.Because we fought the inevitable the turn-around time of the projects cradle to grave life line went from a two mon th expected closure to a six month lingering of barriers to change. Understanding the techniques used to break down the barriers of change and have a successful consolidation closed the fourth stage of creative processes. The techniques used in this consolidation challenge were trim-fold, stake holders that included the employees, management, and customers. Both employees and management was observant to the change that was occurring.Both parties were involved in his or her internal reveries causing them to miss the bulk of what was causing the change to occur. The customers were frustrated by observing the constraints in receiving materiel and watching the installation fall apart due to miss-communication between employee and management. Management was looking for the imperfection in the current processes and provided training to the employees before the change was executed. All three parties saw imperfections of their own and learned how to handle those changes when they searched f or their causes.Management had to be sensitive to the implications of this consolidation and recognize the controversy from the change. To properly investigate the currently problem, management must first identify the problems that need to be solved. Management had to search out the facts behind the change; they would use eye witness testimony from the customer (Ruggeri, 2009). This testimony will give the customer a chance to vent their frustrations. Expert opinions from other entities that have consolidated their processes to see were their problematic issues were and what worked smoothly.Conduct surveys with the employees who would experience the change in the processes and how that will affect daily production. Finally management shall review their own experiences to see where in the problem lays on their end. By taking in all these prospective will allow management to have a 360 degree view of the problem and possible solutions to resolve the constraints in the consolidation pr oject. Questions to be answered before the consolidation can be implemented: * What will the new management hierarchy look like? How will the new processes fall into the old processes of issuing materiel? * Will we still use hard copy documents? * How will the customers be affected by this change? * How will the customer overcome their current frustrations? To better understand the problem behind this consolidation project, the stakeholders were on the verge of experiencing a change that had a variable of unknowns. Yes, the consolidation would reduce the turn-around time for the customers to receive their materiel, and the use of hard copy documents prolonged the issues rates.There were several advantages for technology and computerized documents to expedite the materiel issues. Although the hierarchy would change moving employees into a centralized location, the employees would see a minimal impact because the management system was not going to change Just the location. The new pro cesses would fall into the old process nicely due to the computerized issue documents and the track-ability of the eateries will show a positive chain of custody with an exchange of hands.The Old nard copy documents cause constrains Witt the loss to paperwork and past issue to materiel. Currently there are no hard-copy documents they were resolved when the documents became electronic. The customers will experience a bottle neck effect during the consolidation but once the materiel is moved into the new building it will have a stronger turn-around time. The customer will overcome their frustration by keeping an open like of communication and give a advance notice of intent with urgent items that need to be expedited.At the conclusion of this project it was noticed that the Seems were customer constraints and the lost of materiel transparency during the move. And the Jewels were that communication between the stakeholders kept the material movement seamless, as well as the advances in technology. Ultimately this project was a success, although if we would have used the creative process within our implantation we would not have experience the various constraints. References Ruggeri, V. R. (2009). The art of thinking: A guide to critical and creative thought (9th deed. ). New York, NY: Pearson Longhand.
Thursday, August 1, 2019
Faith-Based Social Service Organization Essay
Habitat for Humanity does not give away free homes to anyone. Habitat for Humanity provides housing that families can afford. Every family that receives a home puts in as much work as a volunteer and they contribute 300 to 500 hours of ââ¬Å"sweat equityâ⬠on the construction of their home or someone elseââ¬â¢s home, as their website states. The website states there are a lot of myths about Habitat for Humanity. People assume families receive completely free homes, when in fact this is not true. A lot of hard work goes into building these homes and all of the future home owners put in an equal amount of hard work. Habitat for Humanity receives many donations for a new home and provides the family with an affordable mortgage. Habitat for Humanity states ââ¬Å"Habitat for Humanity offers homeownership opportunities to families who are unable to obtain conventional house financing. Generally, this includes those whose income is 30 to 50 percent of the areaââ¬â¢s median income. In most cases, prospective Habitat homeowner families make a $500 down payment. â⬠Habitat for Humanity is a Christian based organization, but does not discriminate against religion. Habitat for Humanity provides homes for families of any religion, race, or any other difference. Habitat for Humanity also provides faith in communities and in stows Christian beliefs into families of need. Habitat for Humanity states ââ¬Å"Habitatââ¬â¢s ministry is based on the conviction that to follow the teachings of Jesus Christ, we must love and care for one another. Our love must not be words onlyââ¬â it must be true love, which shows itself in action. Habitat provides an opportunity for people to put their faith and love into action. We bring diverse groups of people together to make affordable housing and better communities a reality for everyone. Habitat for Humanity has a strong Christian background; however, they accept anyone that believes in providing help for others. Habitat for Humanity also receives government funding to help families in need of homes. They accept donations from the government, but do not accept donations if it affects their Christian beliefs. Habitat for Humanity states ââ¬Å"Habitat is an independent, nonprofit organization that accep ts some government funds and other resources to help provide houses for those in need. We accept these funds as long as they do not limit our ability to demonstrate the love and teachings of Jesus Christ. Additionally, our local affiliates insert specific guidelines as needed to avoid becoming dependent on or controlled by government funds. â⬠I found this statement to show how strongly faith-based this organization is. Habitat for Humanity is a very excellent organization and provides people with much more than just a home. They give families faith in their futures and provide a sense of stability for a family. I believe Habitat for Humanity has volunteers who are knowledgeable about the organizationââ¬â¢s beliefs. I believe the lucky families also know about Habitat for Humanityââ¬â¢s beliefs and views of Christianity.
Subscribe to:
Posts (Atom)