Analysis of teen magazines.

Analysis of teen magazines. The main theme the cover of the widely known magazine, Cosmopolitan, is trying to convey is sex. There are three captions that are bold and stand out with bright yellow writing. Each caption has the word sex in it and that is the main idea this magazine is getting through to these young women or teenagers. Cameron Diaz, a pretty and famous actress is on the cover of the magazine. She is in a sexy pose with a low cut spaghetti strap tank top in order to catch guys' attentions who are passing by the magazine stand and to attract the girls who would do anything to be or be like her.There are 54 different featured columns or stories. Of the 54, 48 of them have to do with beauty, sex, celebrities, and/or fashion. There are a few stories that are meaningful; however 95% of the magazine is all about superficialities.James G. Howes and Welsh actress Catherine Zeta Jo...A few examples of some titles are 101 sex tips, His sexiest time, Fall's Perfect Pants, Beauty news, Tackling touchy subject s in bed, Women who seduce teens, Bedroom blog, and so on. As one can tell by just the titles, this magazine revolves around very superficial ideas and con women into thinking that it is a necessity to be up to date with all the celebrity drama and new fashion styles. The theme that stands out to me the most is how to improve the girl's sex life. I understand now, why girls are so pressured and eager to start having sex at such a young age. It is all around them flashing at them everywhere they go and they will obviously get curious and want to experience the "big hype" for themselves.There are ads every couple of pages and 77 out of the 90 ads...

Free Essays on EUs Trade Policy

EU's Trade Policy Towards Developing Countries Is Most Liberal Where Poor Countries Can Least Compete And Most Restrictive In Areas They Could Best Compete In?03 ‘The EU’s Trade Policy Towards Developing Countries is Most Liberal Where Countries Are Least Competitive and Most Restrictive Where Poor Countries Could Best Compete.’ Explain and Comment From its inception the EU was essentially about trade and the European state’s empire- building past led to trade preferences being sought for particular former colonies. The accession of the UK into the EU in 1973 further exacerbated the issue and led to the first Lome Convention being signed ‘to recognise the former Commonwealth less developed countries (LDCs)’ and replace the Yanode Convention, which had mainly ‘benefited ex French colonies’ (McDonald & Deraden, 1999: 334). The signing of Lome I led to ‘both sides claiming it was qualitatively different from anything that had gone before’ and a step in the direction of ‘a New International Economic Order’ that would make developed and developing countries ‘equal partners’ Stevens 1984 (George & Bache, 2001: 388). With hindsight we can see that Lome I and its successors did not live up to their hype and the Treaty of the European Union recognised this when it c autiously stated the EU’s objectives as being ‘to foster sustainable economic and social development in the world’s poorest countries’ and to ‘promote their smooth and gradual integration into the global economy’ (Dinan, 1999:504). The EU faces the difficulty of promoting its member states interests and industries whilst supporting LDCs economies and the results of the Lome Conventions and the General System of Preferences (GSP) has been varied. Generally Lome 1 was regarded as ‘inadequate’ and criticised for ‘falling short of what African Caribbean and Pecific (ACP) states had hoped for’ (George & Bache, 2001: 389). Galtung arg... Free Essays on EU's Trade Policy Free Essays on EU's Trade Policy EU's Trade Policy Towards Developing Countries Is Most Liberal Where Poor Countries Can Least Compete And Most Restrictive In Areas They Could Best Compete In?03 ‘The EU’s Trade Policy Towards Developing Countries is Most Liberal Where Countries Are Least Competitive and Most Restrictive Where Poor Countries Could Best Compete.’ Explain and Comment From its inception the EU was essentially about trade and the European state’s empire- building past led to trade preferences being sought for particular former colonies. The accession of the UK into the EU in 1973 further exacerbated the issue and led to the first Lome Convention being signed ‘to recognise the former Commonwealth less developed countries (LDCs)’ and replace the Yanode Convention, which had mainly ‘benefited ex French colonies’ (McDonald & Deraden, 1999: 334). The signing of Lome I led to ‘both sides claiming it was qualitatively different from anything that had gone before’ and a step in the direction of ‘a New International Economic Order’ that would make developed and developing countries ‘equal partners’ Stevens 1984 (George & Bache, 2001: 388). With hindsight we can see that Lome I and its successors did not live up to their hype and the Treaty of the European Union recognised this when it c autiously stated the EU’s objectives as being ‘to foster sustainable economic and social development in the world’s poorest countries’ and to ‘promote their smooth and gradual integration into the global economy’ (Dinan, 1999:504). The EU faces the difficulty of promoting its member states interests and industries whilst supporting LDCs economies and the results of the Lome Conventions and the General System of Preferences (GSP) has been varied. Generally Lome 1 was regarded as ‘inadequate’ and criticised for ‘falling short of what African Caribbean and Pecific (ACP) states had hoped for’ (George & Bache, 2001: 389). Galtung arg...

Analysis of American Gun Culture Essay Example | Topics and Well Written Essays - 1500 words

Analysis of American Gun Culture - Essay Example There is too much violence today; people everywhere they go are rightly concerned of their safety at school, at the mall, at the office, at the church, at a parking lot, at supermarkets, and even along the country’s highways when simple traffic altercations can turn violent in a sudden manner as people vent their road rage on innocent fellow travelers who might cross their path unwittingly. While the debate on guns continues to rage seemingly without an end in sight, politicians, academicians, and concerned citizens who worry about the state of civil society in America today argue for stricter gun controls to reduce this violence. On the other hand, supporters and advocates of the Second Amendment assert their own right to carry guns for protection but unfortunately, this had also bred a culture of violence in which simple arguments can escalate into the use of guns. Further, a permissive gun culture is contributory to the proliferation of guns almost everywhere to the point even people who are supposedly not qualified to have guns carry these guns around with them. This situation is now spinning out of control and so many people argue for more gun regulations. This paper takes this view and argues violence can be reduced through stricter gun control laws. The right to bear arms contained in the Second Amendment has outlived its usefulness as people today now live in a modern and civilized society. This means people need not resort to the use of guns or any other form of violence to settle certain disputes. Moreover, the police are the ones who are properly deputized by law to protect citizens from harm and the Second Amendment is actually an anachronism today because it transfers responsibility of protecting the citizens from the police to the citizens themselves. In other words, the right to bear arms needs to be amended through stricter gun control laws or even rescinded

Millennium Development Goals (MDGs) Essay Example | Topics and Well Written Essays - 1500 words - 1

Millennium Development Goals (MDGs) - Essay Example The Millennium Development Goals refer to a set of eight goals that were established in the Millennium Summit of the year 2000. Member countries, totaling 189 at that time, adopted a declaration called the United Nations Millennium Declaration. International organizations, about 23 in number, were also present in the summit and pledged commitment toward the realization of the goals. The eight goals, which were established at the summit, are to eradicate extreme cases of poverty and hunger, to achieve universal primary education, to promote gender equality and empower women, to reduce child mortality and to improve maternal health, to fight HIV/AIDS, malaria, and other diseases. Others include to ensure environmental sustainability, and finally to develop a global partnership for development. The goals were established to tackle specific areas that were of general concern across member countries. The MDGs were designed in such a way that each goal is inter-dependent of the other. This is to say that the MDGs are linked together in such a way that one influences the progress and achievement of the other. The design of the MDGs is that all eight have a health nature in it, that is, all influence health, and health, on the other hand, influences them. For instance, promoting gender equality is paramount in the realization of better health. Reducing extreme poverty and hunger influences health. Healthy children are able to learn while healthy adults are able to work and earn a better living.

In what ways does social media has improve the sell of products from Annotated Bibliography

In what ways does social media has improve the sell of products from department stores - Annotated Bibliography Example This study analyzes the psychological connection between consumers and social networks. The results of this study will provide scientific reasoning for the observations to be made by the current study. The direct impacts of online marketing techniques through social network are explored in this work. The results of this study can be used to analyze the observations on trends in retail markets made by the current research. The objective of this study is to investigate the connections between knowledge structures and retail sales performance. As social networks heavily influence the knowledge structures of the consumers, this study will support the thesis of the current research. This work has special emphasis on the impact of Social Network Advertising on Pakistani consumers. The positive influence of social networks as assumed by the hypothesis of the current study is thus

Determinants of the Aggregate Inward FDI Flow to Pakistan

Determinants of the Aggregate Inward FDI Flow to Pakistan CHAPTER 1: INTRODUCTION Overview Globalization which gave birth to the concept of interdependence of countries and their economies has been 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. 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 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 Inv estment 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 of policy makers and government.Variety of factors is considered by an investor before making investment in a particular foreign country. Those were 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 variety of other aspects of serioussignificance to progress. Since 1990s there has been noteworthy increase in flow of capital investments to developing countries, which motivateddiscussions in literature concerning determinants of such investment flows.This trend was result of liberal trade policies, variations in economics related fundamentals of emergent countries, development of capital markets and transformations in economic conditions around the globe.This research paper tries to investigate the role of economic fundamentals in driving investment flows.Past research on the economic fundamentals as determinants of foreign direct investment divided economic fundamentals into two broad categories of pull factors and push factors. Push factors were considered as those economic fundamentals that relateto industrial or developed countries and motivate capital flows,in contrast pull factors consist of economic fundamentals of recipient countries that attract capital flows.One of the major push factors as cited in the past research was hold back of the economies of the developed countries (Calvo, 1992; Fernandez-Arias, 1996; Haque, 1997; Montiel and Reinhart, 1999).Pull factors consist of Supply of money and local productivity of the recipient country (Calvoet al., 1992; Lensink and White, 1998). Calvoet al. (1992)argued that push factors contribute more than pull factors ingrowth of capital transfer.Vita and Kyaw (2008) suggested that variations in domestic yield and productivity of the foreign country were main determinants of portfolio and FDI flows.Dunning (1993) by combining previous research on the determinants of FDI came up with à ¢Ã¢â€š ¬Ã…“OLIà ¢Ã¢â€š ¬? model that stated global manufacturing as function of ownership, localization and internationalization.Variety of theories have been developed regarding the determinants of FDI such as industrial organization theory, the pure trade theory, classical theory relating international investment flows, and locational factor theories.Classical theory relating the in ternational investment flow states that when return on investment crossways countries under autarchy change the investments will shift from lower to higher return providing country. Therefore, this theory assumes foreign direct investment as function of dissimilarity of return on investment.Wilhborg (1978)argued that volatility in the exchange rate would decrease the amount of portfolio investment and that had also been valid for FDI(Black, 1977). According to Kohlhagen (1977) the firms that expect devaluation in the currency of foreign country would defer its investment till the time when exporting becomes profitable. Study also concluded that the higher the exchange rate, the lower the amount of FDI because this phenomena would make exporting relatively less profitable. 1.2 Problem statement To identify the best determinants of the aggregate inward FDI flow to Pakistan. 1.3 Hypothesis This particular research primarily focused on testing the following hypothesis: H1: GDP has positive impact on FDI. H2: Infrastructure expenditure has positive impact on FDI. H3: Taxes has negative impact on FDI. H4: Inflation has negative impact on FDI. H5: GDP per capita growth has positive impact on FDI. H6: Exchange rate has positive impact on FDI. H7: Interest rate has negative impact on FDI. 1.4 Outline of the Study The first chapter of the research focuses on giving basic view of the research and provides information on the overview, issues, purpose and basic theories on the determinants of FDI. In the chapter existing work done by various researchers and past empirical studies have been discussed. The third chapter provides details regarding practical carrying out of the research and describes data collection and analysis procedures. Finally, the last chapter gives details regarding the results of the research. 1.5 Definitions All the chosenfor predicting FDI were variables that had been used in prior researchand theories relatingFDI. 1.5.1 Net Foreign Direct Investment (FDI) The net amount of foreign direct investment received by Pakistan measured in current US dollars. 1.5.2 Inflation (I) The variable represents annual change (%) in the commodities that fall in the category of CPI. 1.5.3 Interest rate (IR) The variable represents the annual rateof interest (%) offered by banks operating in Pakistan on the deposits by customers. 1.5.4 Exchange rate (ER) Measured as the rateof converting 1 US $ into Pakistani rupees (1 US $ = Rs.). 1.5.5 Infrastructure expenditure (IE) Represents the annual amount spent by government on Pakistan on the development of infrastructure in the country. The variable is measured by annual amount of Public Sector Development Program (PSDP) fund and unit of measurement was rupees in million. 1.5.6 Taxes (T) The variable represents the annual rate of tax (%) applicable on the profits of corporate companies operating in Pakistan. 1.5.7 Gross domestic product (GDP) Represents the total value of goods and services (at factor cost) produced in Pakistan measured in Rs. Million. 1.5.8 GDP per capita growth rate (GDPG) The variable represents the annual rate of growth (%) in the gross domestic product per capita, of Pakistan. 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 investigatethe best determinants of FDI in developing countries. Study hypothesized and concluded that GDP, inflation, Trade, GDP per capita growth,Gross fixed capital formation 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. Research suggested that in short run funds availability affects investment timing. Research of Barrel and Pain et al.related to this particular thesis because it tried to identify probable impact of factor prices and demand across countries, as well as exchange rate expectations in determining the total level of foreign direct investment (FDI) by United States companies. 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 commitment from the government discouraged foreign direct investment in emerging countries.The research work done by Harvey (1990) focused on the macroeconomic determinants of FDI in addition to variables relating to different industry groups and tried to identify the impact of these variables on the inward FDI flow of the recipient country. Research suggested that Exchange rate and Sales had significant impact on the foreign direct investment, whereas taxes did not have any significant role in e xplaining 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 demonstrated 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 chosen by firms exporting their productsvary from those firms that sale product in local markets, companiesopening operations in a new state had different inducement preferences than firms involved in growing or purchasingprevailing operations, incentive choicesoccasionally differ by state of investment, incentives varyreliant upon the products made, large financiersselect different motivations than those preferred by smaller companies and incentive inclinations can fluctuate on yearly basis. In short the research concluded that incentive preferences can be represented as a function of the investment type, countries involved, the market positioning of the investing companies, type of products produced by the investing company, amount of the capital invested, and investment time. 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 ondetermining role of market size of recipient country, geographic nearness of recipient country, size of the investing firm, experience of investing firm in international operations, oligopolistic response and existence of homemade country clientelesoverseason 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 significant impact on oligopolistic reaction and top agencies witnessed stronger impact of oligopolistic reaction. Another study tried to examine determinants of FDI by using 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 stated 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.Gopinath and Echeverria (2004) studied the association between foreign investment (FDI) and trade in mutualframework, that is, source or investing countrys exports and foreign investment toinvestment recipient country wereexaminedthrough gravity-model methodology. Results suggested that physical distance had negative 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 motivated the portion of investment activity situatedin foreign state. Research also suggested that exchange rate instability did not have statistically dissimilar effects on capital investment shares when distinguished between varieties of periods where real or financialvariations dictated exchange rate movement.Yin (1999) made an attempt to study the impact of tax inducements on the arrangement of a localbusinesswith respect to price, productivity, revenue, and entrance/exit, by taking into consideration technology relocation through FDI. The study concluded that if thehost countryà ¢Ã¢â€š ¬Ã¢â€ž ¢sà ¢Ã¢â€š ¬Ã¢â€ž ¢ government providedhigher tax relief to foreign companies, this will result in rise in total yield and decrease price index whi ch will encourage more foreign businesses to move in the industry while certain present host businesses will need to departure. Research also suggested that government should be cautious in decreasing rate of taxes to attract FDI. Vita and Kyaw (2008) used empirically controllable structural VAR model for identifyingdetermining factors of investment flows and variance decomposition and impulse response analyses to examine the time-based dynamic effects of variations in both pull andpushmotivators on FDI and portfolio investments. 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 FDI and portfolio investmentswere caused by variety of pull andpush factors throughvariousperiod horizons. Studying the impact of FDI on variousfacets of local economies, containingglobal trade, employment, gross fixed capital formation, output, balance of payments(BoP) and overall welfareHejazi and Pauly (2003) found that FDI was encouraged 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 quickprogress in outward foreign direct investment, comparative to inward progress, should not be taken as a negative growth, butmightbe source of success. Chen (1996) suggested that capacity of the market share to expand affected inward flow ofFDI but labor cost (WAGE) does not affect FDI. Similarly foreign investing companies had utilized the natural and energy resources of Western regiondespite of low allocative efficiency in this area.Interregionalrailwaynetworksweresignificant in location preference of foreign investorsà ¢Ã¢â€š ¬Ã¢â€ž ¢. Besides that, foreign investors were reluctant in locating near state-of-the-artlocal Chinese businesses in the eastern as well as middle provinces. These results were significant because the choice of FDI location appeared to have been motivated by the presence of good transportconnections, high-tech filtering and, to some level by the capacity of the market share to expand. The choice of FDI location did not appear to have been persuaded by taking into accountlabor cost variances. According to the neoclassical model of growth, growth rate of labor as well as technological developmentwere considered as exogenous and 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) indicatedstatistically significant negative effect of varioussorts of investment on domestic savings. Grounded on a sample of 85emerging countries, researchconcluded that foreign investment displaced national savings. Precisely, the research exhibited all types of foreign investment either in shape of aid or individual investment compressed the domestic savings. As a result the economy of the FDI recipient country went into state ofhigher dependency on foreign investment for development. 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.Larudeeand Koechlin (1999) research focused on the wages or labor costs and productivity in terms of production costs as the determinants of FDI. This research usedsweatshop labor argument that relied indirectly on assumption of simplistic trade model that assumed all of the national firms to have access to similar technology. But in contrary MNE and abundant theory acquire higher labor efficiency due to the firm related advantages MNE possess. Thediscrepancy between investing and recipient 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 consisted of 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 In order to test the hypothesis of the research multiple regression model was developed. The model established is similar to the research model used by Kyrkilis and Pantelidis (2003). 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 (Labor cost) I = Inflation,IR = Interest rate, ER = Exchange rate, IE = Infrastructure expenditure,T = Taxes, GDP = Gross domestic product,GDPG = GDP per capita growth rate. 3.3 Statistical Technique In order to test the hypothesis developed of the research the statistical technique of multiple regressionanalysis was applied. 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 Model Summary Model R R Square Adjusted R Square Std.Errorof 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 SQFDI 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 variablewas Square of Net Foreign Direct Investment (SQFDI). Table: 4.2 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, sig. value of .000 suggests F-test to be significant, and therefore the model is statistically significant. When the sig. value in the Anova table is less than .05 the model fit is good and regression can be applied on the data. 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 (Standardized B= -.037, P =.035) is statistically significant havingnegative coefficientdemonstrating that largerthe value of inflation rate, the lower the Foreign Direct Investment. The value of beta indicates that 1 unit increase in inflation will decrease FDI by .037units. Similarly, the effect of Interest Rate (Standardized B= .045, 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 .045units. Next, the effect of Exchange Rate (Standardized B= -.125, P =.000) is statistically significant havingnegative coefficientdemonstrating that larger the value of exchange rate, the lower the amount of FDI. The value of beta indicates that 1 unit increase in exchange rate will decrease FDI by .125units. Finally, the effect of Infrastructure Expenditure (Standardized B= 1.094, P =.000) is also statisticallysignificant having positive coefficient indicating that the greater the amount spent by government as infrastructure expenditure, the higher the amount of FDIreceived. The value of beta indicates that 1 unit increase in amount of infrastructure expenditure will lead to an increase of 1.094 units in FDI. Empirical Model Developed FDI = 1.094 InfrastructureExpenditure + .045 Interest Rate .125 Exchange Rate .037 Inflation 4.2 Hypothesis Assessment Summary Hypothesis ÃŽÂ ² Sig. E.C H1: GDP has positive impact on FDI .089 .560 Reject H2: Infrastructure expenditure has positive impact on FDI 1.094 .000 Accept H3: Taxes has negative impact on FDI Reject H4: Inflation has negative impact on FDI -.037 .035 Accept H5:GDP per capita growth has positive impact on FDI .001 .962 Reject H6: Exchange rate has positive impact on FDI -.125 .000 Reject H7: Interest rate has negative impact on FDI .045 .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 labor cost (Wage) 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 r espectively.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 Accordingto results derived from the research inflation had negative impact on FDI as found by (Kok and Erosy, 2003). Contradictory to the studies of Kok and Erosyet al. andAsiedu (2002) that found positive impact of GDP per capita growth rate on inward flow of FDI but in case of Pakistan GDP per capita growth rate proved insignificant.Results regarding the impact ofinfrastructure on FDI were similar to those established by Asiedu (2002)but the impact of tax rate was conflicting. The results regarding the impact of exchange rate on FDI were consistent with those found by (Cushman,1985).Terpstra and Yu (1988) and Weinstein (1977) found positiveimpact of GDP on FDI but according to the results of this study GDP was statistically insignificant in explaining variation in FDI.Finally, the results regarding the impact of interest rate on FDI were consistent with those found by (Fernandez-Arias, 1996). 5.3 Implications and Recommendations Pakistan belongs to category of countries those currently face huge deficit of resources to finance its major growth projects and to manage the government operations smoothly.This research paper made attempt to explore those factors that in particular have direct impact on the inward FDI flow of the country.Results of the research show that exchange rate and inflation were negatively related with FDI and had statistically significant impact on the FDI received by the country. Therefore, the government of Pakistan should try to control the rate of inflation and fluctuations in the exchange rate and keep it at minimum possible level inorder to assist the increase in inflow flow of FDI.Similarly, infrastructure expenditure and interest rate were found to be positively related with inflow of FDI, keeping this in mind government should increase its spending on the development of infrastructure within the country. Following these strategies the government would be able to attract higher am ount of FDI. 5.4 Future Research Generally speaking determinants of foreign direct investment could consist of variety of factors other than some macroeconomic variables discussed in this particular research paper. The most common of those that previously have been studied were political factors including political stability, level of corruption, structure of the industry, market openness and variety of other factors impact the foreign direct investment received by any specific country. But talking in the Asian scenario cheap labor has been one of the major determinants of the inward FDI flow but unfortunately data regarding labor cost (wage) could not be collected and the impact of labor cost on FDI in case of Pakistan remained unidentified. Therefore, great deal of research could be done in order to identify those variables that have an impact on FDI.

Free Beowulf Essays: The Qualities of a King :: Epic Beowulf essays

Beowulf: The Qualities of a King The story of Beowulf is one of courage, nobility, and heroism. Beowulf possesses each of these attributes both as a young prince and an elder king. These qualities allow him to become an honored king, yet they also lead to his death. His actions are to be viewed as a precedent for young princes and future kings. Clearly every young prince inspires to earn enough respect to become king in their latter years. Beowulf first earns this respect when he sails to Herot to kill Grendel, the monster that has been keeping the soldiers out of their home. Upon arrival in Herot, Beowulf brags of his past accomplishments, in order to earn some respect from Hrothgar and his men. In my youth I have set about many brave deeds.I had bound five, destroyed a family of giants, and at night in the waves slain water-monsters, suffered great pain, avenged an affliction of the Weater-Geats on those who had asked for trouble- ground enemies to bits. And now alone I shall settle affairs with Grendel, the monster, the demon. (Page 32) While this beast has killed many of Hrothgar's men, Beowulf vows to destroy him with his bare hands. Even after doing as he so promised, Beowulf has still not finished his duties. The following day, he is faced with another challenge; killing Grendel's angry mother. When Beowulf is asked to perform this task, he accepts whole heatedly , as he sees it as another chance to gain fame, "Let him who may get glory before death: that is best for the warrior after he has gone from life."(page 45) Once again, Beowulf returns successful in his battle with the monster, only to increase his popularity within his people. These courageous and heroic deeds are expected of any young or aging prince. Clearly Beowulf's brave encounters with these monsters show his king and followers that he is worthy of becoming a fearless leader. However, his ability to rule goes beyond those feats in battle. Beowulf was showered with gifts of gold and riches for his tremendous achievements of killing the monsters. This is where his manner is shown to be one of strong moral. While he could have easily kept them all for himself, Beowulf gives his rewards to his king, Higlac; as he was instructed to do. In addition, Beowulf declined his first offering at the throne. His sense of morality and loyalty to Higlac tells him that it is only right for Higlac's son to take the throne before himself. These decent acts should be wisely followed

Transformational and Transactional Leadership

Transformational and Transactional Leadership Transformational and Transactional Leadership Thomas J. Kenny CRJ-810 Dec 16, 2011 Many styles of leadership exist in the management world. Most of these approaches are very similar to one another. Two very different styles of leadership are the transactional and transformational leadership styles identified by James Burns in 1978. These leadership styles are almost polar opposites of one another, with employees in the transactional leadership style motivated by rewards and benefits, and employees in the transformational style motivated by their charismatic managers.These two leadership styles, though different from each another, can be very effective tools in the world of policing. Transactional leadership represents â€Å"those exchanges in which both the superior and the subordinate influence one another reciprocally so that each derives something of value. †(Yukl, 1981) This style of leadership can be compared to dangling a car rot in front of someone, or giving officers who write the most tickets steady weekends off. Leaders who use this style give their subordinates something they want in exchange for something that the leader wants.The reward system of leadership used by the transactional leader can also involve rewards or values that are not as easily tangible such as trust and respect. Burns(1978) referred to these values as modal values; â€Å"modal values bond leaders to followers in an attempt to actualize the needs of both parties. † These rewards such as trust and respect may still be given out by low level police supervisors who may not have the authority to give out overtime or authorize special days off.While transactional leadership is concerned with increasing production and motivation through a reward based system, transformational leadership is concerned with making the employee want to succeed. Bass & Steidlmeier (1998) describes this difference as: Transformational leadership is p redicated upon the inner dynamics of a freely embraced change of heart in the realm of core values and motivation, upon open-ended intellectual stimulation and a commitment to treating people as ends not mere means.To bring about change, authentic transformational leadership fosters the modal values of honesty, loyalty and fairness and the end values of justice, equality, and human rights. Transformational leadership contains four components: â€Å"idealized influence (attributed or behavioral),inspirational motivation, intellectual stimulation, and individualized consideration. † (Bass, 1985) These four components can be summed up as that of a charismatic leader. Employees will see the qualities of this charismatic leader and try to emulate them.Bass (1985) describes this emulation of charismatic leaders as: If the leadership is transformational, its charisma or idealized influence is envisioning, confident, and sets high standards for emulation. Its inspirational motivation provides followers with challenges and meaning for engaging in shared goals and undertakings. Its intellectual stimulation helps followers to question assumptions and to generate more creative solutions to problems. Its individualized consideration treats each follower as an individual and provides coaching, mentoring and growth opportunities.Transformational leadership can be very effective in the world of policing, where the leadership exists from the top down. Officers who work for a transformational leader in a police department must â€Å"understand the vision of the department’s direction, appreciate the organization’s potential, believe that the goal of improvement is supported by the entire organization, and support the idea that change is needed. † (Bynum, 2008) Transformational Leadership can be very effective due to the fact that its motivational and inspirational effects can be long lasting and felt by every employee in the organization.Transformati onal leadership encourages its members to be more proactive and more productive without any specific direction or a reward in mind other than that it benefit’s the organization as a whole. With transactional leadership, some of the rewards such as better hours or days off can only be enjoyed by a few of the members. A competition to see who can write the most summonses, with the winner getting better days off, may increase production at first.The benefit of weekends off can not be given to everyone though, and usually only those who receive the reward will continue to produce as much. Transformational leadership might have a difficult time succeeding in an organization such as the New York City Police Department. The NYPD was founded in 1845, and therefore is deeply rooted in traditions and norms. Even the most charismatic leader, brought into the NYPD to institute change and a new direction, is going to be met with extreme resistance.Police Officers, who can tend to be very reflexive at times, might not take well to the idea of being self starting, proactive, and productive for their department. This initial resistance by subordinates usually makes the transformational leadership approach a long term solution to a departments problems. Transformational leadership tends to be more effective that transactional leadership, due to the fact that most of the terms in the reward based system of transactional leadership are defined and tangible.The subordinate is expected to produce a certain amount in order to receive a benefit. This can tend to make the employee cease production once they have met the production requirement. Conversely in transformational leadership the employees are motivated not by a reward, but for the good of the organization as a whole. This motivation can lead employees in a transformational leader organization to produce much more than what is expected of them. The fact that the terms of a transactional leadership arrangement are tang ible also makes it effective for a short term production problem.A precinct with an influx of burglaries, might offer an extra day off to the next officer who makes a burglary arrest. While in the long run they would want the officer to always be vigilant for burglary arrests, the added benefit of a day off will have additional motivational effects. Transformational leadership is most often effective in organizations that have a need for change, or that have undergone a recent crisis. Transformational leaders tend to have uniting qualities, which can bring an organization out of mediocrity.Adolf Hitler, who was a tremendously charismatic transformational leader, was able to bring Germany back from the brink of total collapse and financial ruin that it was in following World War I. Transformational and transactional leadership can be two of the most effective styles of leadership in policing. By using the transformational leadership style, police managers can foster an group of proac tive and motivated police officers, who want to achieve greater results for the good of the team.By using the transactional leadership approach, they can achieve great results exchanging rewards and benefits with subordinates for increased production. Using a combination of these two approaches to police leadership should lead to great success. References Bass, B. , & Steidlmeier, P. (1998). Ethics, Character, and Authentic Transformational Leadership. Vanguard. edu. Retrieved December 10, 2011, from www. vanguard. edu/uploadedFiles/Faculty/RHeuser/ETHICS,%20MORAL%20CHARACTER%20AND%20AUTHENTIC%20TRANSFORMATIONAL%20LEADERSHIP. df Bass, B. M. (1985). Leadership and performance beyond expectations. New York: Free Press ;. Burns, J. M. (1978). Leadership. New York: Harper & Row. Bynum, R. (2008). Transformational Leadership and Staff Training in the Law Enforcement Profession. The Police Chief. Retrieved December 10, 2011, from www. policechiefmagazine. org/magazine/index. cfm? fuseacti on=display_arch&article_id=1422&issue_id=22008 Yukl, G. A. (1981). Leadership in organizations. Englewood Cliffs, N. J. : Prentice-Hall.

1984 Vocabulary

'1984' Vocabulary George Orwells 1984   tells of a dystopian future where the totalitarian government (called the Party) seeks to control not only language, but thought as well. Orwell created a whole new set of language rules with his Newspeak in 1984, showing how by reducing the ability to express oneself creatively, the Party could control how people spoke, and ultimately, know their thoughts. Instead of very good instead one using Newspeak would say plusgood and doubleplusgood. Orwell was particularly interested in nuances in language, and bemoaned what he viewed as   the loss of critical thinking and metaphor. 1984 - Terms and Vocabulary Heres a list of some unusual vocabulary words from 1984, by George Orwell. Use these terms for reference, study, and discussion. inscrutable: of an obscure nature discountenanced:  embarrassed gamboling:  playing boisterously or loudly multifarious:  having many aspects venerate:  regard with feelings of respect and reverence aquiline:  curved down, as an eagles beak stratum:  layers of material or divisions, or social classes in society palimpsest:  a manuscript on which more than one text has been written fulminate:  cause to explode violently and with loud noise anodyne:  capable of relieving pain sinecure:  an office that involves minimal duties niggling:  petty, trivial proletarian:  belonging to or characteristic of the working class wainscoting:  decorative paneling or woodwork fecundity: fertility, or cleverness (as in a fertile imagination) spurious:  not genuine, inauthentic oligarchy:  a form of government in which all power is in a few people or a dominant class truncheon: a club carried by a law enforcement officer forlorn: unhappy or miserable, hopeless More 1984 Resources Questions for Study and Discussion On 1984:Orwell Review

4 signs that your manager is the problemâ€not you

4 signs that your manager is the problem- not you Are you having problems at work? If so, you’re not alone, and it’s not something you should ignore. Most of us spend a significant portion of our lives at work- way too much time to be constantly unhappy or submerged in an uncomfortable environment. And the truth is, there’s a wide array of possible explanations for why you’re having issues- including many that aren’t really your fault, and might be a problem of poor management. Much like our family members, the vast majority of us don’t get to pick our bosses, which means that we’re often in the passenger seat regarding who we report to on a daily basis. In a perfect world, our managers would be great people and shining examples of professionalism, individuals whom we can aspire to emulate as we learn and grow on the job.Unfortunately, we don’t live in a perfect world, and most of us aren’t lucky enough to work with perfect managers. In fact, some of us find ourselves wo rking alongside problematic managers who really exert a negative energy and adversely impact the ability of others to do their jobs.Does this sound like the situation you’re in? If so- or if you’re finding yourself unhappy at work and are unsure if the problem lies with you or your manger- then keep a lookout for the following 4 signs that just might indicate that your manager is indeed the source of the problem.Everyone is having similar issuesAlthough your knee-jerk reaction to a less than ideal work environment might be that the problem lies in others and not you, you should take a step back and try to gain some perspective on the situation. If you think your manager might be the source of your problem at work, then listen to what others are saying. If you’re the only one who’s having a problem with your manager, then maybe the situation isn’t as black and white as you think, and you may benefit from taking a deeper look at your involvement and role (hopefully in an effort to make improvements). However, if others are also reporting problems (or show dismay at how your manager does business on a daily basis), it’s a good indication that they are the problem- not you.Productivity is downOne of the truly unfortunate side effects of having a problematic manager is that not only are they difficult to work with, but they also tend to negatively impact the workflow and productivity of the department or team they lead. This impact can be profound and quite apparent- everything from decreased efficiency and productivity to poor intradepartmental and interdepartmental communication and collaboration can result from the ill effects of an unchecked managerial bad seed. If your team or department is in chaos and productivity is down- and your manager simply refuses to right the ship or is unable to- then it’s pretty clear that there’s a problem.People are unhappyWhen a team reports to a problematic manager and the situation goes unchecked for too long without a course correction, the end result is often a sharp dip in morale alongside an uptick in stress and anxiety- not a recipe for employee happiness. And when employees are unhappy, it’s hard to imagine anything positive, productive, or innovative resulting. If the people who report to your manager are unhappy, then it doesn’t take an HR professional to deduce that there may be a problem at the top that needs to be addressed.People are leavingAn extreme result of employees being too unhappy for too long is that they tend to jump ship and seek out opportunities on different teams, in other departments- and at other companies. Are you noticing a trend of employees who report to your manager fleeing their positions in droves? If so, then it’s a classic red flag that there’s an unresolved problem with your manager that needs to be addressed.If you’re having a problem at work, the only path to improvement is t o first diagnose the problem, including from where- or who- the issue originates. Use the signs covered here to help you determine if the problem lies in your manager, so you can start the process of working towards a satisfying resolution for you and your career.

Employability related psychometric test Essay Example | Topics and Well Written Essays - 750 words

Employability related psychometric test - Essay Example The problem is that the congress passes a reform that they have very little information on and what they have previously not thought about therefore creating very expensive standards in the market and at the same time the standards make very little difference globally. The best illustration to this scenario is the happenings in 1970 while adopting the auto emission standards (Heidi, 2013). Absence of government regulation on markets will give room to better achievement of safety objectives, productivity and health but limited to the use of psychometric tests. Its absence will also give way to better and more technology, greater rates of employment and improved drugs to take care of the sick in hospitals and homes. In a free market approach without government regulations, there are more advantages like great deal of freedom to individuals when it comes to the process of decision-making. There is also efficiency in allocation of resources to various uses. The achievement of the efficie ncy is mostly through the price system. Many know that changes in prices direct buyers and sellers behaviors since they act as signals to them (Heidi, 2013). Directly affecting the employability, government regulation halts risk taking and innovation and interferes with production therefore resulting to decline in employment. This for example has to do with government regulation costs where people or businesses in the market lack enough money for investing in taking risks with new technology and ideas. This denies a company the chance to expand their market and hire more workers. Government regulation on employability over regulates through setting standards for each aspect of... This essay starts off with talking about technology and globalization, which has brought about the use of psychometric tests while recruiting employees. Just recently, software came up relieving the employer the duties of recruiting and hiring his or her employees manually. For organizations using this phenomenal, all they need is update what they want on the internet and those seeking jobs and meeting the qualifications highlighted by the employer, the computer automatically selects the person for short listing. The essay follows one of the main points with information about pressure mounts on to the congress for example to pass the reform law fearing that it may not get reelection leaving many unemployed youths stranded with their papers in the name of â€Å"Psychometric tests†. This is where the media comes in with a negative contribution by focusing only on the bad side of the problem rather than concentrating on the best possible solutions of fixing the problem. Then the essay discusses its problems.The problem is that the congress passes a reform that they have very little information on and what they have previously not thought about therefore creating very expensive standards in the market and at the same time the standards make very little difference globally. The essay concludes with a valuavle point, telling us tgat for an employer to get a matching employee, he or she needs not to put up an interview to get the best, internet does all that work giving the employee to key in details and submit the curriculum vitae online.

How to Cope with the Problematic Situation Essay

How to Cope with the Problematic Situation - Essay Example The common feature of any social group or any size is that its members differ in the degree of their influence, and â€Å"†¦ the person who exerts the most influence on the rest of the group thus affecting group beliefs and behavior is usually addressed as the leader† (Hollander 1985, p. 14). However, while this definition of leadership highlights the essence of leadership, it is only one of the numerous of definitions that have been proposed in the literature: the second edition of The Handbook of Leadership by Bass lists more than 130 definitions of this phenomenon and 13 major approaches (Bass, 1990, p. 12). Availability of such versatile data significantly facilitates analysis of problems related to leadership because in many cases the existing approaches and definitions are not mutually exclusive but rather complementary. The present report is an attempt to analyze a situation that provides valuable insights into the essential aspects of leadership and is directly li nked to the effectiveness of managerial work. The story of Ted Willis who has been hired as the new supervisor suggests he is likely to face the classic type of leadership problem: the new leader vs. the old leader. One should not get misled by the fact that Ted is the new supervisor and the old supervisor has been fired. The so-called ‘workers of influence’ theory of leadership is particularly important to understand the distinction between managers and leaders. The key idea of this theory is that leadership may be exhibited by anyone in the organization in any type of position (Yukl 1989). According to this theory, leaders may operate at different levels within the organization and within the same hierarchical level as their followers. Such perception of leadership conflicts the traditional theories which treat it as a set of attributes and behaviors exhibited by persons with legitimate.