The nature of FDIs Essay Example | Topics and Well Written Essays - 2000 words

The nature of FDIs - Essay Example The second commonality mentioned is usually taken to be the more important defining feature of the two. FDI denotes a degree of direct ownership whereas indirect investments are those gaining exposure to enterprises without investing directly such as listed securities, investment funds and derivatives. (Blomstrom and Globerman, 2001) Previously, FDIs referred only to physical investments made by a local company to a foreign setting. Building factories, providing machineries and equipment were considered as FDIs while portfolio investments were considered as an indirect investment. However, the rapid globalization of markets served as an impetus to broaden the definition of FDI to include the lasting ownership of shares of companies and enterprises. As such, joint ventures, alliances where a company provides technological support and licensing of intellectual property and direct acquisition of a firm are now considered to be FDIs. (Sullivan and Sheffrin, 2003) The current requirement is that an international business relationship must be formed between the local entity and the foreign affiliate. Foreign Direct Investors can either be a private or a public entity and may involve an incorporated or unincorporated organization or a lone individual. In any case, the foreign entity should provide the local entity a certain level of control in its management. According to the International Monetary Fund (IMF), control can come in the form of a 10% ownership as a minimum. In cases where this are not present, the investment made is known as portfolio investment. The ownership implies that the investor is afforded control in the management and decision-making of the enterprise. However, the data from the Organisation for Economic Cooperation and Economic Development indicate that there are countries where the 10% ownership is treated in a flexible manner to accommodate local legal and business environment circumstances. There are cases where the o wnership is less than 10% but the investor is afforded an effective voice and there are cases where exercise of influence control is not given even if the investor exceeds 10% ownership. FDI Classification According to UNCTAD (2007), FDIs are classified according to certain defined factors. A classification based on the direction of FDI generates two broad types: outward-bound and inward-bound. Outward-bound FDIs are those investments provided by local entities to foreign partners while inward-bound FDIs have local entities as the beneficiary of investments from abroad. FDIs can also be classified according to the nature it is conducted. Vertical Foreign Direct Investments exist when a local entity owns some shares in a foreign enterprise and is using the business arrangement to either generate supplies or be the one supplying. Horizontal Foreign Direct Investment occurs when a local entity, usually a multinational company, establishes a similar business operation in foreign settings. FDIs can also be classified according to its motives. If the FDI was made to explore new opportunities in new markets or strengthen the existing market structure, we have a 'market-seeking FDI'. When the FDI was made because the foreign setting provides resources that are not locally available at the same degree,

Analyze Financial Statement Essay Example | Topics and Well Written Essays - 500 words

Analyze Financial Statement - Essay Example We will be interested in a high ratio since we will be assured of a high return on our investments. A higher ratio is recommended since this indicates the solvency of the organization. Since it has the highest current ratio in 2015 hence shows that the company is having ability to meet its obligation if they fall due. This shows that if loan are to be advance to the company it will be able to pay its interest as per the loan in the short-run. Higher ratio is preferred as this will indicate liquidity of the entity. Hence it will be wise to consider this company as qualified for loans since it has the highest quick ratio in the year 2015 but this will only be a wise decision after assessing the Going concern principle of the entity. This shows the ability of the entity to meet its obligation in the long-run. Since the lower ratio is recommended hence this shows that the company will experience the challenges in paying back the loan hence will recommend the loan maturity should be lowered. Finally apart from the quantitative analysis of the financial statement of the company, it can also be advisable to consider carrying out the following qualitative analysis before advancing loans and also after advancing loans Assess whether they have established long-term customer relationships, with the company or its suppliers hence this can proof its viability whether to advance loans or not and if yes how much and at what interest. The company should provide collateral and compensating balance requirements. This will help in loan recovery in case of default. The company advancing the loan can exercise credit rationing by giving a loan but limiting the loan amount to be less than the borrower would

Young People And Crime Criminology Essay

Young People And Crime Criminology Essay The application by criminologists of the ideas summarised in this chapter tends to manifest in the form of multifactorial explanations for youth crime. However, in doing this, criminologists generally refrain from presenting a hierarchy of causes. The result is that immediate causes are cited (such as unemployment, racism, labelling, poor schooling), and reformist measures are advocated (such as training schemes, alternative school), but rarely are substantial changes to the social structure as a whole demanded. For those who wish to see major social change occurring, the questions of power and social interests are of paramount importance. Where multiple factors are at the foreground of analysis, the tendency is to respond to the phenomenon of youth crime through emphasis on developing specific projects and programs, More radical perspectives view such proposals as very limiting, unless they are linked directly to a wider politics of social change.   Critically examine how well criminological theory links with policy responses to juvenile crime. Illustrate your answer by reference to theory, a juvenile justice issue and a policy response.    When young people commit crimes, it is rarely seen that people ask the question why did they do this? The tendency is to respond to these acts by training schemes or to send the youths to alternative schools. The phenomenon of youth crime is responded to through an emphasis on developing programs and projects. Rarely are substantial changes as a whole demanded of the social structure. The root causes should be tackled effectively while the hierarchy are simultaneously attended to causes along the way with due priorities. A juvenile justice issue that is of importance in youth crime at the moment is young men and violence. There are many policy responses to this issue as there are many different causes to the problem. By analysing the many different reasons as to why the young men become violent, substantial changes can be made slowly to the social structure. This essay will demonstrate how criminological theory links to policy responses for young men and violence. There are many theories and explanations put forward as to why juveniles offend and commit crimes. These range from perspectives that emphasise individual offender choice whether to offend, through to those that emphasise social factors such as poverty, limited employment opportunities, and school performance in shaping juvenile criminal acts (Cunneen, White. 2007). These theories vary considerably. The classical theory and the individual choice is based on the purpose of punishment within the law is to deter individuals from impinging upon and violating others rights and interests. As individuals we are seen to have equal capacity to reason, and so we are seen responsible for our own actions. Thus the classical criminal policy focuses primarily on the criminal act and suggests equal punishments for equal crime. The positivism theory is that behaviour is determined. Individual behaviour is shaped by factors such as physiology, personality, social upbringing and others. The focus is on the individuals, who are seen to require treatment since they are not necessarily responsible for their criminality. Positivists concentrate on the offender and the offenders characteristics. A sociological perspective argues that in order to understand that nature and occurrence of crime, we need to look at the structure of the society that moulds and shapes culture and behaviour. Individual action is thus attributable to social causes, and crime can be seen as a matter of social pathology. Acts of violence have terrible and costly results for everyone involved, including families, communities, and society. Violence is a major part of some peoples lives, especially young mens lives (Cameron, 2000). Violence in the family has been made visible over the last 3 decades, largely as a result of enquires into domestic violence and child abuse. According to an article printed by the Australian Institute of Criminology about young men and violence statistics found that 6.2% of Australian women experienced either physical or sexual violence by a male perpetrator. These statistics are also an indication of the extent of violence towards children in families. Violence is characteristic of many families, and it has implications for how young men grow up, violence is learnt. In 1990, the National Committee on Violence referred to families as the training ground for violence. The Womens Safety Survey also found that 38 per cent of women who experienced violence by a current partner, and 46 per cent of women who had experienced violence by a former partner, said their children had witnessed violence (Cameron, 2000). Experiences early in life must have some influence on young men who exhibit evidence of violence later in life. Young men between the ages of 20 and 24 experience the highest rate of assault compared with the rest of the population. Not all families or young men are violent. Certain risk factors indicate the likelihood of behaving aggressively or engaging in violence. These include, having a history of violent behaviour, being male, being a young adult, having experienced difficulties in childhood, including inadequate parenting, troubled relationships within the family, low levels of school achievement, having problems of psychotropic substance abuse, especially problematic alcohol use and having severe mental illness, the symptoms of which are not being identified or controlled. Violence in the family is no longer considered a private issue. Moreov er, it has implications for broader social policies. Some young men are involved in a culture of violence, well beyond issues concerning the family. In 1998, almost 60 per cent of recorded assaults occurred outside of residences. Alcohol plays a part in a significant number of these offences. Some young men enjoy a fight; a fight can result from a trivial incident. Fights can relate to illegal activities, such as drug dealing, that do not allow young men to resort to legitimate forms of conflict resolution. As a result, groups may develop for protection. As members become hardened, for example, by experience in jail, they may view the world as consisting of the strong and the weak, and as a place of conflict and struggle. They ritualistically convey their ruthlessness and act brutally. In some instances, groups or gangs have emerged around issues of ethnic solidarity. While groups or gangs may emerge as a result of illicit activities, this is not always the case. Young men may feel safe in groups, and when police see three or more young men together they may define them as a gang. Violence occurs at school. Although Australia is fortunate enough to have been spared the school yard shootings, less lethal forms of violence are not uncommon. Bullying may or may not be intended to hurt and may take the form of physical, non-physical, or non-verbal action undertaken by the bully or by someone co-opted to do so. Bullying is hurtful and may have health consequences. Thus juvenile crime takes several forms and shapes. There are several policy responses available to deal with juvenile crime. Many young men need advice and direction on how to behave towards women and their peers, and they want to talk to you about it. An article discussing young men and violence identified many strategies that they believed would be effective and promising for policy development towards young men (Cameron, 2000). This article identified six prevention strategies. The first prevention strategy being related to parenting, education and support. Families were characterised as a location of conflict for many young men. They reported that early in their lives parents argued and violence occurred in the family. It is important to develop programs to support families in a rapidly changing society where the structures and relationships are often not available to support parents with child rearing. Also, pre-school programs, including parenting interventions, have reduced some childrens anti-social behaviour and delinquency. A number of programs have been implemented in Australia based on these principles. The second is focusing on interventions during childhood and adolescents. Research suggests that the greatest likelihood of success results from programs implemented with children before they reach adolescence. Further, programs should target multiple risk factors, including those at the level of the community, the family, the school, and the individual/ peer, which contribute to youth violence. Interventions at this age can also reduce school-yard bullying. This is an encouraging area of research, as school-based programs that address antisocial behaviour and delinquency generally have found that parenting training and skills based training with children can be effective. Drug use amongst young men was a major issue and a cause for violence. People got involved in drug use due to peer pressure and the requirement to fit in, and youth start it without knowing the harm that would result from regular use. Intervention programs in the area of drugs are most effective when undertaken in the family setting. Young peoples involvement in drug and alcohol use usually results from peer influences. Alcohol plays a significant part in violence that occurs in and around hotels. Success has been demonstrated and repeated in a significant Australian study that aimed to reduce the level of violence related to alcohol in and around licensed premises. By reducing, promotional activities which had brought about binge drinking and high levels of drunkenness resulted in reduced levels of violence. Many youth have generally poor relationships with the police. Police need to develop an understanding of the youth culture and take young people seriously. Police also need to be more understanding and open minded on youth issues, which would lead to mutual respect. Fairness should be a part of encounters with police and in criminal justice procedures. The benefit of legitimate policing can be seen in the area of domestic violence where it has limited the amount of repeat offending. The process of policing may have implications for how people see themselves in the broader society, and may result in compliance if they are considered to share values. The most common reason that violence does occur amongst youths is anger issues. Violence counselling or anger management services can also assist young men to break the cycle of violence. A number of Australian anger management programs are in place to assist young men, although the successes of these are unclear. This area of intervention is in early stages of development where considerable attention is being devoted to program development. Counselling and mentoring programs have shown promising rewards. Multi-systemic therapy programs individually tailored for the particular needs of young offenders, which include family, peer, school, and community interventions, have been demonstrated to reduce the level of reoffending. There also appears to be an effect on reducing violence, as there was also a reduction in the frequency of hitting someone. When violence occurs in the family or when the young men felt explosive and possibly violent and a danger to others, they said they did not have anywhere to turn. The sixth violence prevention strategy is creating recreational and sporting areas for youth to go to if when they have nowhere else to turn to. Recreation and sport are legitimate ways to expend energy. Young men would benefit from accessing to sporting and recreational facilities, such as skating parks and bicycle tracks. The success of the introduction of recreational activities as a means of stopping violence has not been assessed. The above policy responses are appropriate intervention strategies to help prevent young men from associating with violence. These policy responses are linked to one or more of the criminological theories in the juvenile justice system. The main criminological theories that are linked to these policy responses are the classical theory and individual choice; the positivism and individual criminal behaviour; and the sociological theories. While more than one of the response outlined are necessary in most instances, the policy response of parenting, education and support is one of better ones because it addressed the hierarchy of causes. A main reason that youths associate with violence is because they have not had a good upbringing in their homes. They have not had a pleasant and peaceful environment at home were family values and social norms are introduced and nurtured. Instead they grew up in a family which more than discouraged encouraged violence. Despite the fact that this policy response shows that it is difficult to introduce a program which demonstrates effectiveness in improving behaviour of adults, it in many ways assists young men in improving their own behaviour. It is important to develop programs to support families in a rapidly changing society where the structures and relationships are often not available to support parents (Cameron, 2000). This intervention has multiple factors and responded through specific projects and programs. However it did not identify and arrange the hierarchy of cause and responded to with a social structural change. Such structural change would include the families changing their behaviour, anger management and improving the relations with police, both sides taking responsibility and respecting each others rights and obligations. This should help eliminate all known factors of youth offending activates. The policy responses of the juvenile justice issue of young men and violence are closely linked to the criminological theories. However they are not addressing collectively the hierarchy of causes of violence of young men they are not linked to the wider politics of social change. REFERNCES: Cameron, M. (June 2000). Young men and Violence Prevention. Australian Institute of Criminolgy. No. 154. Chris, C White, R. Juvenile justice, youth and crime in Austrlalia. Third Edition.

Online Banking Essay

1. Introduction & Background As the developing of the technology, the Banking had large change, it is necessary to study how to use ATM of Online Banking to keep and management our property. John Shepherd-Barron had invented the Automatic Teller Machine (ATM) in 1967s, the ATM becomes the most important equipment in people’s life after 40 years, and there are about 403,000 ATMs in the U.S (Katharine, 2009). It can say that many people are using it everyday, like save money, and draw money or some transaction money, so the how to avoid and reduce the risk of ATM become more important than others activity, recently, the crime about the ATM increase rapidly, like copy the card information to steal money at ATM, cash trapping and other ATM scam were cost  £29.3million last year in the UK (Emma Reynolds, 2012). The second problem is the emergency about the bank system, like server shut down with out omen, which will make serious effect to human life (European ATM Security & Fraud Prevention). This part provides a critique of the literature of the ATM Bank System. The Automatic Teller Machine (ATM) in 1967s and becomes the most important equipment in people’s life after 40 years, there are about 403,000 ATMs in the U.S (Katharine Gammon, 2009). I choose this topic because using bank system is very important activity in our life, we are overseas student in the UK and we must management our property safely, so I think young people is likely to contribute to this topic. 2. What are the negative effect of ATM & Banking Online 2. 1 Risk of ATM In the ‘ATM Threat and Risk Mitigation’ (Frank D, N.D), the author focus on the all kinds of crimes about the ATM, for example stolen or swindle with ATM, introduce the ATM Security in detail and analysis the development of sale transactions, at last author gives some suggestion to readers how to protect own account and create some ideas for Bank how to complete the ATM Systems perfect. The literature describe how steal the information of costumers’ bank card and how to use these information to copy a card to steal the money also, in conclusion, do not use the ATM which looks suspicious and report to Bank. The literature provides very important information about how to avoid to lose money in ATM. 2. 2 Risk of Bank Online The second literature is ‘Risk Management Principles for Electronic Banking’ Electronic Banking (Basel C, 2003), this is a book which focus on the risk of online banking and this is a group work, there are many people to finish this literature together. I think this is a very good book because author use many example to explain and discuss the risk management principles. In this literature author explain and disuse the challenge of the Online Banking (E-Banking or Internet Transport). Base on the example of Electronic Banking Group (EBG) to describe the 14 risk management principles of electronic banking (Basel C. 2003). This book lists some challenge of the Online Banking: †¢ The innovation of electronic banking skill and customers sever are change rapidly. †¢ The electronic banking more deepens on information technology, so make the process more complicated. †¢ It is base on the Internet; the visitors come from all over the world, so it maybe produces many security issues of system †¢ The author lists the relevant solution: †¢ Effective management from the bank †¢ Building a comprehensive control process †¢ Investigate and supervise the process of relationships. The literature providers some good measures for Bank to reduce the risk of Online Banking (Emma R, 2012). 3. New ATM innovations Nowadays, the technology of ATM develops to a high level, it can realize many useful functions, however, the requirement always can not be content, that encourage people to create new ATM. A technology will be tested in India. ‘In the wake of increasing instances of fraudulent money withdrawals from ATMs in Chandigarh and Panchkula, the security agencies are in the process of conducting tests on the new safety equipment likely to be installed in ATMs in the near future’ said by Khushboo Sandhu (a leading Columnist associated with The Indian Express) in 2010. That means, we do not need bank card anymore, just use the scanner to affirm the costumer (Thorsten, 2012), that will reduce the process time and make process safe, because it is very hard to copy biological information. 4. Analysis and Synthesis The ATM and Banking online system were invented by human, so it must be have many regrets, it must have many risks during the processing. Frank and Basel(2003) had explained some typical risks in the bank system and gave some advise of solution, however, there are always new problems will appear in the future. These problems will become the new challenge of the bank system in Thorsten’s (2012) viewpoint. Maybe this is too professional to students, however , how to choose a suitable bank is significant for the international students.

Biochemical: Escherichia Coli & Salmonella Typhimurium

The first step in the identification process is generally obtaining isolation. A usual isolation technique for isolation is the streak plate. With this method a small droplet of culture is spread over the surface of the medium in a pattern that gradually thins the sample out and separates the cells spatially over the sections of the plate. Streaking is used to isolate single cells in order to separate different types of bacteria in a mixed sample. The plates used are sterile and provide nutrients to sustain growth. Gram's Stain is a widely used method of staining bacteria as an aid to identification. It is used to determine the identity of a sample. Gram staining is used to differentiate bacterial species into two large groups Gram-positive and Gram-negative based on the chemical and physical properties of their cell walls. Gram's stain differentiates between two major cell wall types. Bacterial species with walls containing small amounts of peptidoglycan and lipopolysaccharide, are Gram-negative and bacteria with walls containing relatively large amounts of peptidoglycan and no lipopolysaccharide are Gram-positive. The Gram stain also allows for cell size, shape, and arrangement to be determined. Biochemical testing also helps to identify organisms. One type of biochemical test is fermentation tests. Fermentation is the formation of gas, acid, and other products by the action of bacteria on pyruvic acid. PR Glucose, PR Lactose, and PR Sucrose fermentation detection can be seen as broth color change and the presence or absence of a bubble. Making use of a mannitol salt agar growth can help determine and/or isolate gram positive cocci, interpretations are made by growth and color results. Citrate and Malonate tests are based on differentiating organisms based on ability to grow when an essential nutrient is available in a limited number of forms. The results are interpreted based on color change and growth, with any change resulting as positive which means citrate is utilized. Malonate is utilized and positive if the liquid changes to dark blue. Hydrolytic enzymes that are used in reactions that use water to split complex molecules, these enzymes are detected by the Urease and Bile Esculin tests, which produce identifiable color changes in the medium. A positive Bile Esculin test esults when the medium is darkened,a nd negative when there is no color change. A positive Urease test occurs when the medium is pink and means a strong urease production and orange/yellow is negative with no production of urease. The catalase test detects an organism’s ability to produce catalase, an enzyme that that detoxifies hydrogen peroxide. When catalase is present the reaction is positive and bubbles are formed, absence of catalase is negative and with no bubbles. SIM is a combination media, which includes core tests to differentiate members of a specific bacteria and can be used to replace a sequence of individual tests. SIM tests for sulfur reduction and indole production. Sulfur is reduced when the media is black(+) and sulfur is not reduced when the medium is not black(-). Indole is formed from Tryptophan when there is red in the alchol layer of Kovac’s agent and not formed when the reagent’s color is unchanged. Making use of biochemical test, Gram’s staining, and streak plate isolation are tools that can be utilized in order to determine the identity of bacteria. Using changes in media to confirm an organism. Each organism has its own characteristics that makes it differ from others, thus the identity can be found.

The Cobb-Douglas Production Function

In economics, a production function is an equation that describes the relationship between input and output, or what goes into making a certain product, and a Cobb-Douglas production function is a specific standard equation that is applied to describe how much output two or more inputs into a production process make, with capital and labor being the typical inputs described. Developed by economist Paul Douglas and mathematician Charles Cobb, Cobb-Douglas production functions are commonly used in both macroeconomics and microeconomics models because they have a number of convenient and realistic properties. The equation for the Cobb-Douglas production formula, wherein K represents capital, L represents labor input and a, b, and c represent non-negative constants, is as follows: f(K,L) bKaLc If ac1 this  production function  has constant returns to scale, and it would thus be considered linearly homogeneous. As this is a standard case, one often writes (1-a) in place of c. Its also important to note that technically a Cobb-Douglas production function could have more than two inputs, and the functional form, in this case, is analogous to what is shown above. The Elements of Cobb-Douglas: Capital and Labor When Douglas and Cobb were conducting research on mathematics and economies from 1927 to 1947, they observed sparse statistical data sets from that time period and came to a conclusion about economies in developed countries around the world: there was a direct correlation between capital and labor and the real value of all goods produced within a timeframe. Its important to understand how capital and labor are defined in these terms, as the assumption by Douglas and Cobb make sense in the context of economic theory and rhetoric. Here, capital indicates the real value of all machinery, parts, equipment, facilities, and buildings while labor accounts for the total number of hours worked within a timeframe by employees. Basically, this theory then posits that the value of the machinery and the number of person-hours worked directly relate to the gross output of production. Although this concept is reasonably sound on the surface, there were a number of criticisms Cobb-Douglas production functions received when first published in 1947. The Importance of Cobb-Douglas Production Functions Fortunately, most early criticism of the Cobb-Douglas functions was based on their methodology of research into the matter—essentially economists argued that the pair did not have enough statistical evidence to observe at the time as it related to true production business capital, labor hours worked, or complete total production outputs at the time. With the introduction of this unifying theory on national economies, Cobb and Douglas shifted the global discourse at it related to micro- and macroeconomic perspective. Furthermore, the theory stood true after 20 years of research when the 1947 United States Census data came out and the Cobb-Douglas model was applied to its data. Since then, a number of other similar aggregate and economy-wide theories, functions, and formulas have been developed to ease the process of statistical correlation; the Cobb-Douglas production functions are still used in analyses of economies of modern, developed, and stable nations around the world.

Why Do Executives Receive Such High Compensation And How...

Research Paper In any job, there is a pay scale difference between entry level positions to managers and to the highest executives. Many people assume that we are just paid solely based upon our position; where in some cases, not all, this is very true. This paper will focus on the question â€Å"Why do executives receive such high compensation and how it affects our democracy?† In corporate America bonuses and compensation differentiate amongst the working forces; the most important factor in the recruiting and hiring process of the best talents are the compensation policies and packages. Also, the attractiveness of salaries and bonuses incentivize potential candidates to seek out these top corporations for employment. Given that the money†¦show more content†¦Discovery Communications is the leader amongst the top four companies that includes companies such as CVS Health, Chipotle, and Walmart, pay their CEOs approximately a thousand times more than their average wor kers. Due to the severity of this gap in pay even lawmakers and politicians have gained interest into this issue, particularly the democratic party. The way in which they do this is through pay packages. Executive pay packages differs widely from standard salary or hourly employee compensation. Most executives are paid through contingent compensation and structured with rewards. They utilize six compensation components; Base Salary, Short-Term incentive, Long-Term Incentive, Employee Benefits, Perquisites, Severance/Change-in-Control Payments. All six of these components are structured into a pay plan by a corporation or institution’s Compensation Committee. This committee is made up of directors who are handpicked by the Board of Directors. The committee acts independently and works based on a compensation consultant who reviews the recommendations to help manage themselves. Why should we be worried about how much executives make? Why is it a problem to the average person? Executives control our nation s democracy because of the power and prestige they have, they influence decisions that are made. Paying people by position and performance are understandable factors but when the salary difference is a thousand to a million dollars more there is a clearShow MoreRelatedFrances Perkins and the Great Depression1724 Words   |  7 Pagesskewed over the years. How did Frances Perkins influence the economic and social policies of the Great Depression? Do people only remember Perkins for being the first female cabinet member under Franklin D. Roosevelt or was she actually a visionary of her time. During the time of the New Deal and new government, involvement in economy and the welfare of its people was she a leader or just along for the ride. 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