English- Short Story Analysis

Valenzuela Instructor English 101 17 September 2012 Discovering an Identity Self-deliberation arises quicker during the stresses of life. Breaking forth through these stresses comes from the realization that freedom is obtained through the willingness to welcome a new world, leaving behind the past. Mrs. Mallard comes in contact with the experience itself, as she receives news of her husband’s death, Brently Mallard, in an accident. Grieving this pain she encloses herself within the room of her home, knowing no one will follow behind her.Left alone, she embarks on a reflection of her past, realizing the breakage that lies behind her and willingly steps forth to accept the future that lies ahead, foreshadowing the brightness of the identity she longs to discover. In the short story, The Story of An Hour by Kate Chopin, the symbolism of the window’s images support the idea that personal freedom constructs ultimate peace with an identity. Through the use of symbolism, the window was seen to be an image of the possibilities beyond the life she had as a sense of freedom conveyed the very willpower that allowed for her to find an identity.Alone the window has a significance of presenting possibilities to the speaker. â€Å"There stood, facing the window, a comfortable, roomy armchair† (299). Noticing the emphasis of the window being in front of the chair shows a possible escape from the truth the speaker just witnessed. Being invited by a comfortable chair to look through the window only emphasizes more to the point that this sort of reflection is needed, and that through this escape she will feel the freedom at once when she feels alone with herself to wonder.Beyond the window reveals a preview of the life that would complete the image of the life that Mrs. Mallard seeks to obtain. â€Å"She could see in the open square before her house the tops of the trees that were aquiver with the new spring life. The delicious breath of rain was in the air † (299). As Mrs. Mallard spies through the window- â€Å"the open square†- she witnesses the liveliness of spring. Analyzing the context of spring, the idea of rebirth drives through the mind of the speaker, however the connotation of â€Å"spring† can be analyzed much further.Spring can be seen as the liveliness of youth such as the possibilities of exploring sexual freedom as she experiences the rebirth after the loss of her husband. Rain also holds connotations that point towards the ideas of rebirth; through this, Mrs. Mallard smelling the scents of rain reveals a sort of spiritual cleansing, as she reacts towards the death of her husband and reflecting upon it. Because the window presents these images of, symbolically, reliving life, Mrs.Mallard experiences and sees the possibilities that face her ahead of time. This experience for the speaker then suddenly becomes more than just a reflection of the recent news, but a presentation- done by the window- for he r to view the life beyond the closed door and suspend herself within the world she never had beyond the married life of her husband. With the presentation of her possibilities for a future, she senses the freedom that lives within her. There was something coming to her and she was waiting for it, fearfully†¦ she felt it, creeping out of the sky, reaching toward her through the sounds, the scents, the color that filled the air† (300). Feeling the window open up into her world, she senses that something beyond the clouds beseeches her to welcome them into her life. This sort of â€Å"monstrous joy† –as described later in the text- demands a welcome from Mrs. Mallard as an initiation towards the revival of her new world.Though she fears the unknown object that she describes, â€Å"†¦she was striving to beat it back with her will- as powerless as her two white slender hands† (300), realizing her weakness while fighting back the possession of the unkn own entity, she shows a lack of true interest to fight back knowing that she must submit to the future that lies ahead of her. Through the experience of coming forth and welcoming the fear of moving on, she seeks the freedom presented by the window. Ultimately, a sign of an identity in the end shows her happiness through the imagination of the days that lie ahead of her. Spring days, summer days, and all sorts of days that would be her own. She breathed a quick prayer that life might be long. It was only yesterday she thought with a shudder that life might be long† (300). Discovering her days are meant to be lived without the intrusion from her husband, she senses that although her life was once the depression of her day, now became the essence of her identity. Living through this ideology, she feels that she can move on through whatever her life brings forth to her, because she would feel as though all was meant to be given to her.She brought this thinking forward even in the end when the surprise of finding her husband unharmed from the accident, which in the end killed her. â€Å"When the doctors came they said she had died of heart disease- of joy that kills† (301). The heart disease that had her worried for her life in the beginning of the short story then became the relief that she felt when she left the world to pursue the joy without her husband intruding on her sudden realization of an identity.Heart disease, in the context, reveals itself as the â€Å"joy that kills† emphasizing the discovery of her freedom through the disease that she feared would kill her. Noticing that the identity for herself lied within the freedom that she obtained from her husband, she died to achieve this ultimate peace with the identity she found. Through the use of the symbolism that the images of the window present to Mrs. Mallard, a sense of personal freedom constructs the idealness of obtaining an identity. And in this short story, The Story of An Hou r, The breakthrough represents itself through the most peculiar ways.Mrs. Mallard through the story discovered her life was to be relived through the images of the window as they revealed the possibilities that brought forth her true identity. Henceforth, discovering in the end that her husband never allowed her freedom within the marriage by being alive brought forth her breakthrough; Revealing itself through the joys of being set free in death, she is brought to the haven she so desperately desired, growing to be the individual that lives or, in this case, dies without the handcuffed life she lived through with her marriage to Brently Mallard.

Accomplishment Report

Republic of the Philippines DepED-REGION III Division of City Schools District III Daan Sarile Elementary School Cabanatuan City Accomplishment Report C. Y. 2011 * * School is said to be the place where learning takes place, thus pupils learning is a great accomplishments to every school. However accomplishments of school as a basic institution within the community have different dimensions and components to improve and address. In order for this to realize shared efforts are required. For these, the following are the endeavors of Daan Sarile Elementary School for CY 2011. * * A.School Leadership/School Head * *Updating EMIS/SIS * *Trainings/conferences attended- * 1. Public Accountability and Values Enhancement Seminar- March 23-25. * 2. t2t Orientation Training Program for Teachers and School Officials-Oct 11-14,2011. * B. Pupils Development * *Registered 55 GSP and 44 BSP * *Organized Pupil Government, Earth Savers Club, Future Homemakers Club. * * Participated and won on differen t contest. * 1. District Read-a-Thon Contest winners: * * Jellie I. Pascual- Oral Reading Interpretation, 2nd place (English) * * Jazz Chant – 4th Place * *Micol Joy D.Pagayanan- Oral reading Interpretation, 3rd place (Filipino) * 2. 2011 District Press Conference * *Revelyn L. Reselva- Feature Writing-Filipino 3rd Place * *April L. Reselva- Copyreading Filipino 3rd Place, * Feature Writing Filipino 3rd Place * *Von Ivan F. Flores-News Writing- English 2nd Place News Writing- Filipino 1st Place * *Joanna Grace T. Oteyza -Feature Writing Filipino 5th Place * *Marco G. Soriano-Feature Writing Filipino 4th Place * * *Scriptwriting & Radiobroadcasting 4th Place * *2011 Science Fair *Sayawit sa Kalikasan-Champion * * *Conduct Search for Mr. & Ms. Earth Savers * *Celebrate Nutrition Month * *Celebrate Buwan ng Wika * *Conduct School Press Conference ,School Science Fair * *Participated in GSP Encampment- 15 No. of delegates * *Participated in BSP Encampment- 17 No. of Delegates * * Participated in Regional BSP Encampment – No. of delegates * * C. Staff Development * *Trainings Attended: * 1. Gerleeh Q. Sacdal-Regional Seminar Workshop on Campus Journalism-Oct. 21-24,2011-RELC * 2. Marlon M. Imperio-Regional Training in Elem.Math-Sept. 29-Oct. 2,2011, RELC * 3. Marlon R. Imperio, Evangeline F. adrineda, Jonathan D. Diaz, Victoria D. Arahan- * T2t orientation & Training Program for Teachers and School Officials-Oct. 11-14,2011, T Hall * 4. Ma. Luisa F. Pacolor, Jonathan D. Diaz-Division Seminar Workshop on On-Line Publication * 5. Jonathan D. Diaz, Loida O. Cruz- Division Jamborette * 6. Mary Ann Tatlonmaria Corazon J. Bautista, Gerleeh Q. Sacdal-Division Encampment * 7. SLAC in Mathematics by Mr. Marlon M. Imperio * * D. Curriculum Development * *t2t Program recipient *Produce ICT aided instructional materials in Science III, HKS III, Math IV-VI, EPP V &VI, Music, English V & VI, Filipino V. * * E. Physical Development * *Construction of Drainage * *Cons truction of Plant Boxes and Landscaping * *Putting-up of the following HPTA projects: bookshelf-Grade III-Santan, wallfan-Grade IV-Dahlia,repainting of Grade V-Daisy classroom and mural paintings, Deskfan-Grade III-Rosal. * * F. Community Development * *Participated and support the Waste Management Program implemented by the City Government thru CAECO. * * * * Prepared by: * * VICTORIA D. ARAHAN * Principal I * * PICTORIALS * * * Classroom Structuring * * * Delegates to Regional BSP Jamborette * * * * * * * * * School Supplies from a stakeholder (Coun. Orlando Tumibay) * * * Stand fans donated by a pupil * * * * * * * * Regular Meeting with the stakeholders * * * Regular meeting with the teachers * * * * * * * * Buwan ng Nutrisyon Celebration * * * * * * * * * * * School Feeding Program * * * Plentiful harvest from gulayan sa paaralan * * * * * * * * Tree planting * * * Maintaining the cleanliness of school premises

Fourteen Amendment

The fourteenth amendment provides a definition of a citizen of The United States. The fourteenth amendment was adopted on July 9, 1868 shortly after the Union victory in the American Civil War. It was adopted as one of the Reconstruction Amendments. It has many different clauses. The fourteenth amendment was adopted as one of the longest amendments to the Constitution with a total of five different parts. The Citizenship clause, Due Process Clause, and the Equal Protection Clause are some of the clauses. The Citizenship clause is the first section in the fourteenth amendment.The Due Process Clause prohibits state and local governments from depriving people of life, liberty, or property without certain steps being taken to ensure fairness. This clause has been used to make most of the Bill of Rights applicable to the states, as well as to recognize substantive and procedural rights. The Equal Protection Clause requires each state to provide equal protection under the law to all people within its jurisdiction. The fourteenth amendment states that all people born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside.The fourteenth amendment provides that all state will provide equal protection to everyone within their jurisdiction. In addition, the fourteenth amendment gave people of different minorities a whole new sense of hope and inspired them in many different ways. Congress passed the fourteenth amendment not knowing how it would affect people of different minorities. In 1868, when the amendment was passed, people of different minorities were treated with disrespect and incivility from the white culture.The Fourteenth Amendment of the United States Constitution was passed by both houses of congress. The stated purpose of the fourteenth amendment was to grant citizenship and to protect and define the civil rights of freed slaves. The Amendment was designed to prohib it state governments from curtailing the rights of former slaves after the Civil War; however it has been used to grant all of the personal liberties and rights conveyed in the Bill of Rights. Moreover, section one defines citizenship and protects a person civil and political rights from being denied by any state.Section one was formed in response to the â€Å"Black Code† that southern starts had passed in the beginning of the thirteenth amendment, which removed slavery from the United States. The Citizenship Clause can also be known as the Naturalization Clause. The Citizenship Clause refers the first sentence of section one in the fourteenth amendment. The clause showed how congress decided to reverse it so that African Americans could then vote, become citizens of the United States, and also enjoy any of the other privileges that citizens got.Although, the fourteenth amendment does not provide any procedures from removing someone privileges as being a citizen of The United States. The citizenship clause is what overruled the Dred Scott v. Sandford ruling stating that blacks could not be citizens. Loss of citizenship can happen when there is fraud in the naturalization process. Also, decades after the adoption of the fourteenth amendment, the Supreme Court got rid of laws saying that blacks could not be in juries. The Supreme Court found the laws to be a violation of the Equal Protection Clause.Its Equal Protection Clause requires each state to provide equal protection under the law to all people within its jurisdiction. The Due Process Clause prohibits state and local governments from depriving people of life, liberty, or property without certain steps being taken to ensure fairness. The Due Process Clause has been used to make most of the Bill of Rights applicable to the states. Furthermore, the first section of the amendment includes four main parts. First, anyone born in American is guaranteed full American citizenship.Second, no state can take aw ay any of its residents of the full privileges of American citizenship. Third, all citizens are guaranteed â€Å"due process of law,† which means that states cannot pass unfair laws. Fourth, all citizens are guaranteed equal protection of the laws, which means that states cannot discriminate against any citizens. The second section says, â€Å"Representatives shall be apportioned among the several States according to their respective numbers, counting the whole number of persons in each State, excluding Indians not taxed.But when the right to vote at any election for the choice of electors for President and Vice President of the United States, Representatives in Congress, the Executive and Judicial officers of a State, or the members of the Legislature thereof, is denied to any of the male inhabitants of such State, being twenty-one years of age, and citizens of the United States, or in any way abridged, except for participation in rebellion, or other crime, the basis of rep resentation therein shall be reduced in the proportion which the umber of such male citizens shall bear to the whole number of male citizens twenty-one years of age in such State. † The second section of the Fourteenth Amendment repealed the three-fifths clause (Article I, Section 2, Clause 3) of the original Constitution. This section also guaranteed that all male citizens over age 21, no matter their race, had a right to vote.In the third section of the Fourteenth Amendment made it impossible for the president to allow the former leaders of the Confederacy to regain power within the United States government after regaining full citizenship rights. The fourth section banned any form of payment to former slaveholders for the loss of their slaves. The fifth section states that congress will have the power to enforce all the provisions of the article.

Socrates's wisdom Essay Example | Topics and Well Written Essays - 500 words

Socrates's wisdom - Essay Example In these regards, Socrates is indicated to give physical or scientific descriptions for things that are generally understood to be established through the works of the gods. As a response to these accusations Socrates indicates that he is innocent and goes about establishing his innocence through a number of rhetorical stories and speeches. One of the first such rhetorical strategies Socrates implements is through his story regarding Chaerephon and the oracle. Socrates had earlier been accused of teaching the Athenian youth that elements in the world had physical explanations despite their generally being attributed to the gods. In response to these accusations, Socrates indicates that he is innocent as such knowledge is the domain of the Sophists. Instead, Socrates relays a story about his friend Chaerephon who goes to visit the Delphi Oracle. When he entered the Oracle he asked it if there was anyone alive more wise than Socrates. The oracle responded that there wasn’t. Upon learning of this information Socrates became confused, as he did not believe that he was particularly wise. Subsequently, Socrates went around asking and questioning people he had previously thought wise.

Compare and Contrast Huckleberry Finn to Douglas's Search for Essay

Compare and Contrast Huckleberry Finn to Douglas's Search for Happiness and Freedom - Essay Example Douglas is a slave who inherited his slave status from his mother. Since his childhood, he has lived and behaved, as their masters require to slaves. His story is well told in his narrative until his success story when he manages on escaping. His story has similarities and differences when compared with the story of Huckleberry Finn. Both Finn and Douglas have grown up without the knowledge of their fathers. In their writing, they prove to have spent all their lives trying to figure out the person who could be their father. Douglas could have asked his mother, but she died when he was a child. No one was left with the information he needed to know, and if the father was alive, he did not want to be identified. According to the statements given in his narrative, the master of his mother was his father. However, the master could not declare or raise his voice to confirm his doubts since he wanted to have the privilege of being both a master and a father. It is clear that Douglas has ne ver been able to get information regarding his father. On the other hand, Finn has a father but has been lost for sometime as par the novel. He was a drunkard who would lie down with the hogs once he had too much to drink. This can be identified as contrast between these two writers. However, there is some aspect of similarity since Finn is rejected. Both of them have to undergo difficulties in life because they lack parents. Finn cannot be involved in his group because he could not keep to the requirements of the oath. The oath stated that if any boy told their secrets the punishment would be killing of their families. Finn lacked a family hence the reason for neglection. This gives a reason for the boys to rule him out since he lacked someone they would kill. They claimed that it would be unfair if he were included in the oath taking (Twain 34). Similarly, Douglas had many difficulties just because he lacked a family. His mother dies when he is extremely young and is forced to fac e life on his own. It would be possible to state that he had an aunt who would take care o him. The fact is that, she was always busy in the farm to the extent that she cold not takes great care of Douglas as young boy. This leads to the start of Douglas as slave at a very young age. As Fin is in his search for happiness, he indulges in many unlawful activities. He is signed in as a party in a gang of robbers who seem to have ability to kill (Twain 57). In their quest for freedom, they meet women who are ready to assist them. Christianity is portrayed as a way of achieving freedom among people who are oppressed. Douglas is capable of using Christian literatures to learn how to read. His master is very unhappy when he realizes that his wife is teaching a lave religion. He is furious because he believes that religion knowledge given to a slave brings them entitlement to end their time as slaves. This could be true because Douglas acquired freedom through the knowledge of religion. Fin n has a good woman taking care of him. She always reminds him to pray so that he would achieve all his desires. This is a similarity between the two works because Christianity is portrayed as a powerful solution to problems. It is important to note that, in their quest for freedom, these two people did not mind about hurting others. Finn is ready to sacrifice the relationship between himself and the woman Watson. Despite the fact that she takes care of him, he still proceeds with an oath that has her as the ideal seal. On the

Types and Characteristics of Muscles Lab Report Example | Topics and Well Written Essays - 250 words

Types and Characteristics of Muscles - Lab Report Example The muscle tissue has the capability of relaxing and contracting hence; bringing about movement in various parts of the body. These movements include the heart beat and movements within the abdominal region. Muscle tissues also help the veins and lymph system to enable the circulation of blood in the body. This is normally achieved by the cardiac muscle tissue. The skeletal muscle tissue is involved in respiration (Marieb & Hoehn, 2008). These muscles also enhance the movement of tissues which allow an individual to make various facial expressions. In this category, there are three types of muscle tissue, which include the smooth muscle tissue, cardiac muscle tissue and the skeletal muscle tissue. There are several similarities and differences which are considered when comparing smooth and skeletal muscles. In both muscles, the reactions are mainly caused by impulses in the membrane and the augmenting of intracellular calcium ions. They also gain their energy from adenosine triphosphate (ATP) (Marieb & Hoehn, 2008). On the other hand, the smooth muscles relax and contract slowly as compared to the skeletal muscles. It is also observed that the smooth muscles have the ability to change their length without any change in tautness. However, this is not the case in the skeletal muscles. The contraction of a muscle usually takes place in a strategic manner. This is explained in the sliding filament theory. When an electrical impulse moves to the sarcolemma through the motor neurone, the neurotransmitters diffuse across the neuromuscular junction and bind the receptors in the muscle cell membrane. This facilitates depolarization hence; the calcium ions move out of the sarcoplasmic reticulum and bond with troponin on the actin filaments. This also facilitates the movement of tropomyosin and the myosin head binds to the actin filament. This facilitates contraction of the muscle. The neuromuscular junction is the region where the axons of motor nerves meet the muscle

Developing and maintaining positive union management relations Essay

Developing and maintaining positive union management relations - Essay Example The negative history of industrial relations has to be overcome for all the stakeholders to achieve greater heights of competitive advantage and productivity. Poor union relations have many impacts. Key among them is lack of cooperation between the stakeholders. It has also caused a decline on workers productivity, tarnished the credibility and reputation of organizations involved, and impacted negatively on the working conditions and pay of the workers. To rectify the situation, all the stakeholders need to develop strategic partnerships, undertake joint training, improve the working conditions of the workers, actively engage in collaboration processes, and also streamline their communication processes. Developing a positive relationship with union leaders is of paramount importance if any gains have to be made. The leaders must have exemplary knowledge in union relations to be able to effectively steer the process. Negotiation and collective bargaining skills are of outmost importance here. Managers must realize that they have incredible influence on the employees' satisfaction and productivity at the workplace. Thus they must always strive to maintain strong, positive associations with their employees at the workplace if productivity has to be enhanced and positive union relations maintained. Effective communication is one of the most basic necessities towards establishing positive union management relations. Decisions must be communicated in an effective manner, not withstanding their unpopularity. All stake holders must be positively encouraged to contribute towards the well being of the organization. Effective communication will generally lead to the establishment of mutually beneficial solutions, where by all the stake holders will feel accommodated. In the process, partnerships are formed by the stake holders, either for good or bad intentions. All in all, positive union relations must be developed and maintained at all costs. Introduction The past few decades have witnessed an emergence of strong workers and labour unions, which have been mandated by the workers to guard their own interests. Among other functions, the unions are largely involved in negotiating for better working conditions and better pay packages for workers. They are run by representatives who are elected by the workers to advance their interests on their behalf. The representatives are very crucial in determining whether the unions will be effective in maintaining positive union management relations (Union relationships, 2007). In some of the countries around the world, workers' unions have mutated to major political parties, thus having a direct impact on the population of the respective countries. Maintaining positive union management relations is paramount if unions are to succeed in their core duties of guarding and promoting the rights of employees. Having sophisticated industrial structures, like is the case in the United States, may not be important as long as the relationships between the staff and their Union representatives are not in any way based on trust (Union relationsh

Colombias dispossessed Essay Example | Topics and Well Written Essays - 750 words

Colombias dispossessed - Essay Example This social problem plagued almost all of the population everywhere in Latin America, and so as in Colombia. Stories of hardships of families and ethnicity of some native groups and communities of Colombia were best described and stated on books of Latin American authors such as Alfredo Molano. In his The Dispossessed it is clearly stated how the many families and ethnic groups were impoverished and are unlawfully forced out of their homes to work to coca fields and production of drugs though the violent acts of the military and the paramilitary forces. Molano stated the example of the inequality and violence of the military, paramilitary or sometimes local policemen which forces innocent families, communities or sometimes regions to flee for their own safety, not knowing if the next place they settle will mean salvation. For the desterrados, dispossessed families and ethnic groups of Clombia, there is a constant feeling of struggle between whether their original home where they stayed and lived for a long time or the home they make when they are forced to leave is the safer option. It is obvious and frightening that the dispossessed people cannot feel safe due to the ongoing violence of the paramilitaries as well as the guerillas. Either side of the violence could attack any innocent barrio at any time. The violent acts of the military and paramilitary forces some people into hiding in the wilderness where there is no chance of stability. Toà ±ito from Molano’s book: â€Å"I ran until I couldn’t hear the screams anymore† (105), but later he realizes the jungle will not save him either, â€Å"†¦I thought to myself, no, it’s better to go back and look for death than wait for it to find me† (107). Another example of the oppression of the paramilitary and military forces is the forcing of the families to abandon their homes. Imagine how you could live to see that you are being forced to abandon and leave the home you built and stayed for a very long time,

Understanding women's roles in romansque art Assignment

Understanding women's roles in romansque art - Assignment Example Of all of the artwork that was generated within the Middle Ages, perhaps one of the most pervasive themes is the cult of the Virgin Mary. Within this theme an untold litany of different paintings and sculptures were produced and reproduced. One of the interesting aspects of these is the fact that few artists represented the Virgin Mary in the same manner. For instance, the Duccio di Buoninsegna, circa 1300, represents a thoughtful and attentively caring mother fawning over the child she holds in her arms. Such a representation was of course in keeping with a Biblical interpretation of the way in which Christ’s mother interacted with the Messiah as well as reinforcing exiting gender norms of 13th century Europe. The idealism that such images represent can easily be seen at even a cursory examination. For instance, rather than depicting the Virgin Mary as an aloof and holy creature in and of herself, the devotion and attention the male child in her arms is the seamless thread that connects all of these images/iconographies. From the representations that have been analyzed, it can be definitivaely stated that not unlike the recent past, the role of the woman in the Middle Ages was concentric upon caring for and tending to the

MARKETING PLAN FOR CIGAFLAVA Essay Example | Topics and Well Written Essays - 2750 words

MARKETING PLAN FOR CIGAFLAVA - Essay Example A company analysis is reported as an internal review using SWOT analysis and competitive analysis with the rival cigarette brands. It also includes a consumer analysis where the company aims at targeting young adults and social smokers as a market entry strategy. The financial overview is discussed in the report. The overview will cover the allocation of resources on the different processes of the company as well as the share of each marketing promotion strategies on the marketing budget. A sales forecast is included that will tell how much the company will generate in revenues for the whole year. An implementation plan is also illustrated on the report. The activities are focused on the different marketing tools that the company will utilize in order to gain market share. In order to ensure the success of the marketing plan and its activities, several control areas are identified for monitoring. Deblyn Enterprise's mission is to provide the highest quality and lowest cost of flavored cigarettes for the market. The company exists to attract customers and satisfy customers' needs. The company will ensure success by developing and promoting a niche product - flavored cigarettes. Cigaflava and its sub-products will exceed the expectations of the company's customers. It is the objective of the company to maintain a steady sales growth for Cigaflava each quarter. It will continue to increase market penetration in the US by 2% per quarter. The company will increase brand awareness for Cigaflava and its uniquely flavored cigarettes. Situational Analysis The tobacco industry is deeply rooted in the US history. During the period of the early settlers, the export of tobacco to England had financed the shipment of essential goods to the country. Tobacco became their lifeblood. Today, tobacco sales continue to play a major role in the US economy. The cigarette industry segment has become an important segment for tobacco. In the 20th century, cigarette smoking is the leading form of tobacco consumption. In industrialized countries such as the US, cigarettes disproportionately influence tobacco spending. It is on this industry segment that Cigaflava aims to enter into. SWOT Analysis The following SWOT Analysis encapsulates the key strengths and weaknesses within the company and illustrates the opportunities and threats facing Deblyn Co. and its Cigaflava products. Strengths The strength of the company lies on the niche product - flavored cigarettes. It is a growing new industry and the company is prepared to exploit it. The products are new flavors in the market. It is made with a strong flavor but with low

Contract of Employment Essay Example | Topics and Well Written Essays - 1500 words

Contract of Employment - Essay Example The intervening world wars in the first half of the 20th century put paid to any thought about advancement in the labour cause. The concept of modern day Employment Law Act began with the Equal Pay Act of 1970. It came into effect in 1972. The most prominent segment of this act was that it strengthened the efforts to bring about equality for women in the workplace (The Equal Pay Act 1970 (Amendment) Regulation 2003). Since1997 and the election of the Labour Government there have been many changes in the UK employment law. These include enhanced maternity and paternity rights, the introduction of a National Minimum Wage and the Working Time Directive which covers working time, rest breaks and the right to paid annual leave. Likewise, discrimination law has been tightened with protection from discrimination now available on the grounds of age, religion or belief and sexual orientation as well as gender, race and disability (Industrial relations under new Labour: an update). Today terms and conditions governing employer-employee relations are not as open as they ought to be and they are complex. They are lop-sided, not quite reasonable, geared to human resource development but simultaneously businesslike. The present day terms and conditions swear by natural justice, however there are disciplinary procedures, provides little scope for protection from unfair treatment, prefer counseling, and sets clear performance standards. Now terms and conditions are two different terminologies. The dictionary describes terms as "words used to define certain concept" and condition as "a stipulation" (Illustrated Oxford Dictionary). In the issue of labour, terms are concepts that describe the working relation the company has with the employee and conditions are stipulations that describe the reward or penalty for duty performed or misdemeanors committed. The United Kingdom has in place employment legislations that addresses human resources development issues and also makes it difficult for employers to carry out unfair dismissals. These legislations succinctly cover almost all nature of employment and human resource problems. However, employers hold the trump cards. Employer-employee problems Problems in employer-employee relations happen when management is primarily insensitive to human

P.E training program- fitness Essay Example for Free

P.E training program- fitness Essay General fitness- Speed is the ability to perform a movement or cover a distance in a short period of time. A mid fielder needs speed to out run other players or to catch on to a loose ball. Muscular endurance- is the ability of the muscles to work for a long period of time without tiring. In football you need it to be able to run around the football pitch for the whole 90 minutes. Flexibility- you lose flexibility as you get older. It is important to warm up and cool down before and after a match. In football most players in the team need to be flexible, for example to header the ball, but also the goalkeeper has to be very flexible to be able to make difficult saves. Cardiovascular endurance- requires the heart and blood vessels to supply the working muscles with oxygen for long periods of time without tiring too much. This is needed in football because you run around a lot and you need our heart and lungs to cope with the activity for the whole 90 minutes. Strength- is normally measured by the amount of weight the muscles can lift, or applying a force against a resistance. This is used in football when we tackle or are being marked and your shoulder to shoulder you need strength to hold others off. Skill related fitness- Balance- is the ability to keep up right while you are standing still or moving, this is needed in football when kicking the ball because you are balancing on one leg. Co-ordination- is the ablity to use different senses and body parts together in football this is needed between eye and foot, so you kick the ball and not miss especially volleying. Speed of reaction- is needed on the pitch so when an over ball is played your on-side and make your run perfectly to lose the defender. Timing- is needed in football to kick the ball at the right time to get the perfect touch. Agility- is the ability to change direction of the body in football we use this to help loose a defender by turning at speed, it can also help when your in the box for the corner to lose a defender so you can get up for a header. Physical skills- Kicking- is very important because the game is using your feet and you need to kick the ball to get the ball round the pitch. Shooting- is necessary to be able to shoot as in order to win the game you need to score and in order to score you need to SHOOT to ball into the goal past the keeper. Tackling- is very important to stop opponents from scoring but some times players timings are not quiet right and cause a dangerous tackle resulting in another players injury. Marking- is necessary to hold off opponents attacks and not ‘losing’ the person your defending. Heading- is important to either score from a high ball crossed in or clear the ball away from a opponent in the air. Dribbling- is very important to get the ball closer to your opponents goal. There is 2 types of dribbling: *Firstly when your jogging and keeping the ball closer to your feet. *Secondly when you knock the ball ahead of you a couple of metres and sprint to catch up with it, this is used to knock the ball past the defender. Other attributes- Concentration- is extremely important because if you’re a goalkeeper and you don’t have anything to do for 30minutes you might ‘switch off’ and let in a shot which if you were concentrating you would have saved. Motivation- is very important because if you want to win but go a goal down if you and your team are motivated enough you will be trying to score 2 goals and keep fighting. Confidence- is needed so you have the confidence in your self so you trust your ability and get ‘stuck in.’ Most important skills and techniques in football. Speed is essential in football; it is used throughout the game whether you are an attacker or a defender. For example if you are an attacker and you need to out run a defender to get the ball, to get past a defender and have a attack on goal or if your defending and there is a break you need to run as fast as possible with the ball (or in support) to the oppositions half to make an attack before their defenders catch up with you. Muscular endurance is needed 100% in football because if you are running around for 90 minutes your no use to your team if after 60 minutes you have a stitch and need to be substituted. Muscular endurance can be improved over time with a training program. Cardiovascular endurance is essential so that you can last the whole 90 minutes. If somebody’s cardiovascular endurance was not very good and they ran around for 90 minutes it could cause them to pass out because there heart and lungs can not take the strain. Smoking will also effect your cardiovascular endurance because if your trying to take in more oxygen the tar built up around your hearts arteries makes the oxygen’s gap smaller letting oxygen though slower then needed causing short of breath quicker. Balance is essential because in order to kick the ball you must stand on one leg, if you don’t have good balance you may fall over before your foot reaches the ball. Balance can not be improved, your either have good balance or you don’t. Co-ordination is important; football players need co-ordination between their eye and foot so they make contact with the ball. Skills on the ball are only preformed if the player has good co-ordination otherwise tricks become unsuccessful.

The Transaction Oriented Middleware

The Transaction Oriented Middleware Middleware is a class of software technologies designed to help manage the complexity and heterogeneity inherent in distributed systems. It is defined as a layer of software above the operating system but below the application program that provides a common programming abstraction across a distributed system. In doing so, it provides a higher-level building block for programmers than Application Programming Interfaces (APIs) such as sockets that are provided by the operating system. This significantly reduces the burden on application programmers by relieving them of this kind of tedious and error-prone programming. Middleware frameworks are designed to mask some of the kinds of heterogeneity that programmers of distributed systems must deal with. They always mask heterogeneity of networks and hardware. Most middleware frameworks also mask heterogeneity of operating systems or programming languages, or both. A few such as CORBA also mask heterogeneity among vendor implementations of the same middleware standard. Finally, programming abstractions offered by middleware can provide transparency with respect to distribution in one or more of the following dimensions: location, concurrency, replication, failures, and mobility. The classical definition of an operating system is the software that makes the hardware useable. Similarly, middleware can be considered to be the software that makes a distributed system programmable. Just as a bare computer without an operating system could be programmed with great difficulty, programming a distributed system is in general much more difficult without middleware, especially when heterogeneous operation is required. Likewise, it is possible to program an application with an assembler language or even machine code, but most programmers find it far more productive to use high-level languages for this purpose, and the resulting code is of course also portable. Usage of Middleware There are various different kinds of middleware that have been developed. These vary in terms of the programming abstractions they provide and the kinds of heterogeneity they provide beyond network and hardware. Generally, middleware services provide a more functional set of application programming interfaces to allow an application to:- Locate transparently across the network, thus providing interaction with another service or application Filter data to make them friendly usable or public via anonymization process for privacy protection (for example) Be independent from network services Be reliable and always available Add complementary attributes like semantics Transaction Oriented Middleware (TOM) (or Distributed Tuples) A distributed relational database offers the abstraction of distributed tuples (i.e. particular instances of an entity), and is the most widely deployed kind of middleware today. It uses Structured Query Language (SQL) which allows programmers to manipulate sets of these tuples in an English-like language yet with intuitive semantics and rigorous mathematical foundations based on set theory and predicate calculus. Distributed relational databases also offer the abstraction of a transaction (which can also be performed using Transactional SQL or TSQL). Distributed relational database products typically offer heterogeneity across programming languages, but most do not offer much, if any, heterogeneity across vendor implementations. Transaction Processing Monitors (TPMs) are commonly used for end-to-end resource management of client queries, especially server-side process management and managing multi-database transactions. As an example consider the JINI framework (built on top of Java Spaces) which is tailored for intelligent networked devices, especially in homes. Advantages Users can access virtually any database for which they have proper access rights from anywhere in the world (as opposed to their deployment in closed environments where users access the system only via a restricted network or intranet) They address the problem of varying levels of interoperability among different database structures. They facilitate transparent access to legacy database management systems (DBMSs) or applications via a web server without regard to database-specific characteristics. Disadvantages This is the oldest form of middleware hence it lacks many features of much recent forms of middleware. Does not perform failure transparency Tight coupling between client and server Remote Procedure Calls A Remote Procedure Call (RPC) is an inter-process communication that allows a computer program to cause a subroutine or procedure to execute in another address space (commonly on another computer on a shared network) without the programmer explicitly coding the details for this remote interaction. That is, the programmer writes essentially the same code whether the subroutine is local to the executing program, or remote. When the software in question uses object-oriented principles, RPC is called remote invocation or remote method invocation. Remote Procedure Call Middleware (RPCM) extends the procedure call interface familiar to virtually all programmers to offer the abstraction of being able to invoke a procedure whose body is across a network. RPC systems are usually synchronous, and thus offer no potential for parallelism without using multiple threads, and they typically have limited exception handling facilities. Advantages Language-level pattern of function call which is easy to understand for programmers. Synchronous request/reply interaction à ¢Ã¢â€š ¬Ã‚ ¢ Natural from a programming language point-of-view à ¢Ã¢â€š ¬Ã‚ ¢ Matches replies to requests à ¢Ã¢â€š ¬Ã‚ ¢ Built in synchronization of requests and replies Distribution transparency (in the no-failure case) à ¢Ã¢â€š ¬Ã‚ ¢ Hides the complexity of a distributed system Various reliability guarantees à ¢Ã¢â€š ¬Ã‚ ¢ Deals with some distributed systems aspects of failure Failure Transparency is performed à ¢Ã¢â€š ¬Ã‚ ¢ May be due to network and/or server congestion or client, network and/or server failure à ¢Ã¢â€š ¬Ã‚ ¢ In such situations an error maybe returned to programmer, either at once or after the RPC library has retried the operation several times. Disadvantages Synchronous request/reply interaction à ¢Ã¢â€š ¬Ã‚ ¢ Tight coupling between client and server à ¢Ã¢â€š ¬Ã‚ ¢ Client may block for a long time if server loaded hence needs a multi-threaded client à ¢Ã¢â€š ¬Ã‚ ¢ Slow/failed clients may delay servers when replying multi-threading essential at servers Distribution Transparency à ¢Ã¢â€š ¬Ã‚ ¢ Not possible to mask all problems RPC paradigm is not object-oriented à ¢Ã¢â€š ¬Ã‚ ¢ Invoke functions on servers as opposed to methods on objects Message Oriented Middleware Message-Oriented Middleware (MOM) provides the abstraction of a message queue that can be accessed across a network. It is a generalization of the well-known operating system construct: the mailbox. It is very flexible in how it can be configured with the topology of programs that deposit and withdraw messages from a given queue. Many MOM products offer queues with persistence, replication, or real-time performance. Advantages Asynchronous interaction Client and server are only loosely coupled Messages are queued Good for application integration Support for reliable delivery service Keep queues in persistent storage Processing of messages by intermediate message server(s) May do filtering, transforming, logging, etc. Networks of message servers Natural for database integration Disadvantages 1) Poor programming abstraction (but has evolved) à ¢Ã¢â€š ¬Ã‚ ¢ Rather low-level (cf. Packets) à ¢Ã¢â€š ¬Ã‚ ¢ Request/reply more difficult to achieve, but can be done 2) Message formats originally unknown to middleware à ¢Ã¢â€š ¬Ã‚ ¢ No type checking (but JMS addresses this in its implementation) 3) Queue abstraction only gives one-to-one communication à ¢Ã¢â€š ¬Ã‚ ¢ Limits scalability (JMS publisher/subscriber implementation) Java Messaging Service The Java Message Service (JMS) API is a Java Message Oriented Middleware (MOM) API for sending messages between two or more clients. JMS is a part of the Java Platform, Enterprise Edition, and is defined by a specification developed under the Java Community Process as JSR 914. It is a messaging standard that allows application components based on the Java 2 Platform, Enterprise Edition (J2EE) to create, send, receive, and read messages. It allows the communication between different components of a distributed application to be loosely coupled, reliable, and asynchronous. Web Services A web service is a method of communication between two electronic devices. The W3C definition of a web service is as a software system designed to support interoperable machine-to-machine interaction over a network. It has an interface described in a machine-processable format (specifically Web Services Description Language WSDL). Other systems interact with the web service in a manner prescribed by its description using SOAP messages, typically conveyed using HTTP with an XML serialization in conjunction with other Web-related standards. There are two major classes of Web services, REST-compliant Web services and arbitrary Web services. In REST-compliant web services the primary purpose is to manipulate XML representations of Web resources using a uniform set of stateless operations. Whereas in arbitrary web services, the service may expose an arbitrary set of operations. Big web services use Extensible Markup Language (XML) messages that follow the SOAP standard and have been popular with traditional enterprise. In such systems, there is often a machine-readable description of the operations offered by the service written in the Web Services Description Language (WSDL). The latter is not a requirement of a SOAP endpoint, but it is a prerequisite for automated client-side code generation in many Java and .NET SOAP frameworks. IBM MQ Series IBM WebSphere MQ (formerly known as IBM MQSeries) is a message-oriented middleware platform that is part of IBMs WebSphere suite for business integration. Messages are stored in message queues that are handled by queue managers. A queue manager is responsible for the delivery of messages through server-to-server channels to other queue managers. A message has a header and an application body that is opaque to the middleware. No type-checking of messages is done by the middleware. Several programming language bindings of the API to send and receive messages to and from queues exist, among them a JMS interface. WebSphere MQ comes with advanced messaging features, such as transactional support, clustered queue managers for load-balancing and availability, and built-in security mechanisms. Having many features of a request/reply middleware, WebSphere MQ is a powerful middleware, whose strength lies in the simple integration of legacy applications through loosely-coupled queues. Nevertheless, it cannot satisfy the more complex many-to-many communication needs of modern large-scale applications, as it lacks natural support for multi-hop routing and expressive subscriptions. Object Oriented Middleware (OOM) or Distributed Object Middleware (DOM) Object Oriented Middleware provides the abstraction of an object that is remote yet whose methods can be invoked just like those of an object in the same address space as the caller. Distributed objects make all the software engineering benefits of object-oriented techniques encapsulation, inheritance, and polymorphism available to the distributed application developer. Every object-oriented middleware has an interface definition language (IDL) and supports object types as parameters, exception handling and inheritance. It also presents the concept of client and server stubs which act as proxies for servers and clients. The stubs and skeletons are created using the IDL compiler that is provided by the middleware. In addition, the OOM presentation layers need to map object references to the transport format. This is done via marshalling and unmarshalling of serialized objects. Advantages Support for object-oriented programming model Objects, methods, interfaces, encapsulation, etc. Exception handling is supported Synchronous request/reply interaction same as RPC Location Transparency system (ORB) maps object references to locations Services comprising multiple servers are easier to build with OOM RPC programming is in terms of server-interface (operation) RPC system looks up server address in a location service Disdvantages Synchronous request/reply interaction only and therefore ad to implement Asynchronous Method Invocation (AMI) in the technologies. However this led to tight coupling. Distributed garbage collection is available which will automatically release the memory held by unused remote objects OOM is rather static and heavy-weight. This is bad for ubiquitous systems and embedded devices Common Object Request Broker Architecture (CORBA) CORBA is a standard for distributed object computing. It is part of the Object Management Architecture (OMA), developed by the Object Management Group (OMG), and is the broadest distributed object middleware available in terms of scope. It encompasses not only CORBAs distributed object abstraction but also other elements of the OMA which address general purpose and vertical market components helpful for distributed application developers. CORBA offers heterogeneity across programming language and vendor implementations. Distributed Component Object Model (DCOM) DCOM is a distributed object technology from Microsoft that evolved from its Object Linking and Embedding (OLE) and Component Object Model (COM). DCOMs distributed object abstraction is augmented by other Microsoft technologies, including Microsoft Transaction Server and Active Directory. DCOM provides heterogeneity across language but not across operating system or tool vendor. COM+ is the next-generation DCOM that greatly simplifies the programming of DCOM. Remote Method Invocation (RMI) Remote Method Invocation (RMI) is a facility provided by Java which is similar to the distributed object abstraction of CORBA and DCOM. RMI provides heterogeneity across operating system and Java vendor, but not across language. However, supporting only Java allows closer integration with some of its features, which can ease programming and provide greater functionality. The RMI compiler generates stubs and skeletons for the coded Client and Server programs. The server class usually inherits from a pre-coded Unicast Remote server object and a security manager is installed. This class is then registered using the RIM Naming service. Any client can look-up a remote server object on the registry; provided its name is known. Reflective Middleware Reflective middleware is simply a middleware system that provides inspection and adaptation of its behavior through an appropriate causally connected self-representation (CCSR). It is a type of flexible object oriented middleware for mobile and context-awareness applications. Its adaptation to context is through the monitoring and substitution of components. It also provides interfaces for reflection and customizability. Objects can inspect the middleware behavior and it allows for dynamic reconfiguration depending on the behavior. Advantages It is more adaptable to its environment and better able to cope with change Useful in hostile and/ or dynamic environments More suited for multimedia, group communication, real-time and embedded environments, handheld devices and mobile computing environments Event Driven Middleware This is new underlying communication paradigm for building large-scale distributed systems on top of a middleware. Event-based communication is a viable new alternative for the above mentioned middleware types and it uses events as the basic communication mechanism. First, event subscribers, i.e. clients, express their interest in receiving certain events in the form of an event subscription. Then event publishers, i.e. servers, publish events which will be delivered to all interested subscribers. As a result, this model naturally supports a decoupled, many-to-many communication style between publishers and subscribers. A subscriber is usually indifferent to which particular publisher supplies the event that it is interested in. Similarly, a publisher does not need to know about the set of subscribers that will receive a published event. Advantages Asynchronous communication à ¢Ã¢â€š ¬Ã‚ ¢ Publishers and subscribers are loosely coupled Many-to-many interaction between pubs. and subs. à ¢Ã¢â€š ¬Ã‚ ¢ Scalable scheme for large-scale systems à ¢Ã¢â€š ¬Ã‚ ¢ Publishers do not need to know subscribers, and vice-versa à ¢Ã¢â€š ¬Ã‚ ¢ Dynamic join and leave of pubs, subs, (brokers see lecture DS-8) Topic and Content-based pub/sub very expressive à ¢Ã¢â€š ¬Ã‚ ¢ Filtered information delivered only to interested parties à ¢Ã¢â€š ¬Ã‚ ¢ Efficient content-based routing through a broker network Hermes This is a scalable, event-based middleware architecture that facilitates the building of large-scale distributed systems. Hermes has a distributed implementation that adheres to the design models developed in the previous chapter. It is based on an implementation of a peer-to-peer routing layer to create a self-managed overlay network of event brokers for routing events. Its content-based routing algorithm is highly scalable because it does not require global state to be established at all event brokers. Hermes is also resilient against failure through the automatic adaptation of the overlay broker network and the routing state at event brokers. An emphasis is put on the middleware aspects of Hermes so that its typed events support a tight integration with an application programming language. Two versions of Hermes exist that share most of the codebase: an implementation in a large-scale, distributed systems simulator, and a full implementation with communication between distributed event brokers. Advantages Logical Network of Self-Organizing Event Brokers (P2P) Scalable Design and Routing Algorithms Expressive Content-Based Filtering Clean Layered Design Cambridge Event Architecture (CEA) The Cambridge Event Architecture (CEA) was created in the early 90s to address the emerging need for asynchronous communication in multimedia and sensor-rich applications. It introduced the publish-register-notify paradigm for building distributed applications. This design paradigm allows the simple extension of synchronous request/reply middleware, such as CORBA, with asynchronous publish/subscribe communication. Middleware clients that become event sources (publishers) or event sinks (subscribers) are standard middleware objects. First, an event source has to advertise (publish) the events that it produces; for example, in a name service. In addition to regular methods in its synchronous interface, an event source has a special register method so that event sinks can subscribe (register ) to events produced by this source. Finally, the event source performs an asynchronous callback to the event sinks notify method (notify) according to a previous subscription. Note that event filtering happens at the event sources, thus reducing communication overhead. The drawback of this is that the implementation of an event source becomes more complex since it has to handle event filtering. Despite the low latency, direct communication between event sources and sinks causes a tight coupling between clients. To address this, the CEA includes event mediators, which can decouple event sources from sinks by implementing both the source and sink interfaces, acting as a buffer between them. Chaining of event mediators is supported but general content-based routing, as done by other distributed publish/subscribe systems, is not part of the architecture.

FDI Policies of India and China

FDI Policies of India and China Chapter 1: Introduction 1.1. Overview Foreign Direct Investment is a hot topic in most policy circles as it is associated in many instances with significant macroeconomic changes and improvements in the range of goods and services produced in recipient countries. Furthermore growth in recipient countries is often ascribed to these inflows and so competition for higher inflows of FDI has become competitive. Most of the developing and developed countries increase their economy by enhancing their share in the global market through FDI inflows. As FDI shows more impact on the countrys economy, most of the foreigners are investing their amount in other countries for improving their profits with less manpower and minimum initial cost. These inflows were easily achieved by the investors by just fulfilling their basic requirements and maintaining their policies. FDI can be used by the countries only when they meet some of the major requirements like transfer of capital, a source of funds for foreign operations, Control investmen t and a balance of payments flow (Nicolas, B., 2010). Even though the FDI inflows in developing countries are low that is nearly 5%, this shows more impact on the economy in terms of the development programs by introducing new technologies. This change will be occurred only in the surroundings of investment areas. Here, in this research the FDI inflows between India and China are studied by comparing both the countries. Further of this study clearly explains the various aspects that are considered by the India and China for increasing the FDI inflows in the global market and also illustrates the policies that are followed by China as most of the investors prefer China when compare to the India. Finally, it recommends some of the policies and the changes that need to be made by the Indian Government for improving its FDI inflows. 1.2. Aim and Objectives Aim: To study the variations between the FDI policies of Indian and China based on their inflows and overall performance of the economy. Objectives: To study the importance of FDI and the required fundamental policies for acquiring the FDI. To research on the impact of FDI inflows in India and China based on their overall performance. Identifying the possible steps for Indian policy makers for improving their FDI inflows. Statistically evaluating the comparison between India and China in terms of FDI inflows. 1.3. Purpose of Study This study mainly focuses on the Foreign Direct Investment, the role of FDI in India and China and also illustrates the comparison between these two countries in terms of FDI. This research is selected in order to know more about the investments made by the developing countries and the involvement in international financial banking markets to influence the global and political aspects. This study is mostly useful for the people who are willing to know about the role played by FDI in the fast growing countries like India and China where these two countries differs in their environmental conditions. While researching about the FDI in both countries, one can easily analyze that China is showing more interest in attracting the FDI and is leading their economy when compare to India. So in order to clearly investigate on this point, this study also focuses on the aspects and the policies that need to be designed by the Indian country for attracting the investors and also to increase the ov erall performance of the economy by raising the inflows when compared to China. 1.4. Research Context In this study the researcher is focused on the worlds largest two most populated countries: India and China with a greatest history background. These two countries are known to be fast growing countries in the world and are known for their ample facilities and environmental conditions. These two countries are economically improving their standards in terms of technology and infrastructural growth. However, China is considered to be more positive in terms of attracting FDIs and are almost leading the comparison with India. In this research the time is a biggest constrain and to understand the research physically is really a tough target for the researcher by visiting both countries to meet and interview/ survey the financial organizations experts from various locations. However it is also noticed that in India only the FDI policies are changing from place to place based on the local governments rules and regulations. All the major rules and regulations governed by RBI and Government o f India are applicable, addition to that the investing company also needs to ensure that the environmental and ethical issues are not disturbed by the foreign investors in local and urban areas of various parts of India. As an example, there are some pilgrim places of India which does not allow non vegetarian food or related items so in that circumstance neither Government of India or RBI cannot allow the foreigners to invest their amount for a restaurant or bar and etc. Similarly in China it is one of the largest countries in the world and is having different cultures and backgrounds with in the country. Hence from the above context it is understood that this research will mainly focus on the secondary data available and in some areas it can get into the help of people related to the financial and banking industry. 1.5. Research Methodology For conducting any type of research, the data needs to be gathered by the researcher where this collected information should be in such a way that it is valid and accurate. Researcher need to choose a suitable method from various research methods, by which the researcher can successfully finish the research. Generally there exist two different types, primary data and secondary data. Primary data mainly focus on the aim of the research where the researcher can easily collects the information from various methods like surveys, interviews, etc. Where as in the secondary data, the researcher can collect the data only from the sources like journals, books, magazines, online articles, etc. where the researcher need to collect the accurate data as these recourses will not focus on the aim of research (Kumar, R., 2005). Here in this research, researcher collects the information through secondary data as the main aim of this research is to compare the FDI inflows in both India and China. As t he time is the biggest constrain, it will be really tough target for the researcher to select the primary data as the researcher either need to do interview /survey with the concern persons by visiting two countries where it cannot be possible with the period of time. So, its better to prefer secondary data for gathering accurate information for the research by referring various resources. Hence, the research can be successfully completed by analyzing the collected information and drawing the conclusion from this data. Chapter 2: Literature review 2.1. Overview This chapter will provide the suitable information and required material for completing research successfully with no issues during the research process. At the same time the literature review gives a basic idea about the research problem solving background with additional material from their related background history. The growth of multinational enterprise (MNE) activity in foreign direct investment (FDI) has grown at a faster rate than most other international transactions as well as the trade flows between countries. The research literature review covers the objects related to foreign direct investment, detailed introduction and description of FDI and impacts of FDI. International Monetary Fund (IMF) has defined the FDI as an international investment of one company with the target of enduring relationship i.e. Investments made by company must exceed the equity of Target Company by 10%. The major requirements of the investors will help in faster growth of their organization which is explained by Nicolas, B. (2010) in terms of Control investments, supply of funds for foreign operations, a balance of payments flow and Capital transfers. 2.2. Brief History and background of Foreign Direct Investment In the present world, there exist various investment techniques for the corporations for increasing their growth. If these industries lacks in making right decisions in their investment then it may lead to reduce their growth and their level in the global market. So, many of the countries prefer Foreign Direct Investment (FDI) compare to other techniques because most of the corporations get affected financially due to their investment decisions. Mostly FDI is preferred as it is considered as an integral part of an open and effective international economic system and also referred as the major catalyst to development (OECD, 2002). In the present market, USA stood a number one position in FDI flows. According to Nicolas Breitfeld (2010, p.1), Foreign Direct Investment (FDI) is defined by the IMF as an international investment of one company with the intention of lasting relationship. Foreign Direct Investment (FDI) plays an important role in the financial sector. Generally most of the countries believe that increasing the international linkages through FDI is an important feature of financial globalization and elevates the major challenges for statistics and policymakers in industrial and developing countries (Neil, K. P., 2004). Further of this section, it clearly discusses the views of authors on FDI, the importance of FDI and mainly focuses on the issues that are being faced by the countries while introducing the FDI. Even-though authors define Foreign Direct Investment (FDI) in different ways based on their research it is mainly mend to development on countrys and globalization. Some of the authors views on FDI are discussed below: According to Organization for Economic Co-Operation and development (OECD) (2008, p.62), Foreign Direct Investment (FDI) occurs when a business located in one country (the direct investor) invests in a business located in another country (the direct investment enterprise) with the objective of creating a strategic and a lasting relationship. Here, the author suggests that occurrence of FDI exists only when the business persons invests their money in another country. They invest their income in another country by making some rules and regulations in their relationship. But according to Alexander, L. and IMFD, (2002), foreign direct investment defined as the integration of three components which are illustrated below: The branch profits need to be distributed and divided in equity without any holding withholding taxes. Accrued interest need to be paid to the direct investor by the direct investment enterprise, this can also be referred as income on debt. Earnings are reinvested in proportion with the direct investment stake. In this context, author says that the investment and the interest benefited by the business people need to be redistributed in an equal proportion among the investor and the direct investment enterprise. At the same time, Neil, K. P. (2004, p.3), discusses that according to BPM5 (Balance of Payments Manual) FDI defined as a category of international investment that reflects the objective of a resident in one economy (the direct investor) obtaining a lasting interest in an enterprise resident in another economy (the direct investment enterprise). ÂÂ  Here, the author discuss that FDI indirectly affects the economy of another country as the other country invest their income on another country for gaining interest on their investment. Even though the opinions and views of the authors differs in defining the FDI but all the authors focus on only one point that is the benefit dragged by the investor and the direct investment enterprise. These investors of get benefited globally with FDI on the interest on their investment and also increases their international linkages with the industries established in another country. ÂÂ   2.3. Impacts of FDI Foreign Direct Investment is considered as a driver of economic growth and development for developing countries which often lack the technology or capital to promote sustained economic growth and development. Mostly, FDI is considered as one of the major drivers of globalization as it continuously raises with the high growth rates before the financial crisis hit the world economy. The way through which FDI promotes economic growth and development to the countries is contentious because there is no definitive evidence and lags in supporting the literature. Even though there is no empirical evidence in representing the impact of FDI on the countries there are some theoretical explanations from which one can easily analyse the impacts of FDI on developed and developing countries. According to Bora, B. (2002, p.168), FDI flows were increasing rapidly much more quickly than international trade flows, which in turn were increasing faster than world GDP. Laura Alfaro (2003) says that FDI of fers great advantages to host countries because many of the academics and policy makers argue that there exists a most important positive effect on the development of host countries. FDI not only acts as the source of the valuable technology but also helps the countries in developing the linkages with the local firms that indirectly helps the country in raising the economy. Due to these reasons, most of the developing and industrialized countries offer incentive for encouraging the FDI in their economies. The environmental impacts of foreign direct investment may be positive, negative or neutral based on the institutional and industrial context. Gorg and Greenwood (2002) comes under a conclusion that the effect due to FDI is negative by reviewing the information from the foreign-owned to domestically owned firms. But Lipsey (2002) supports the positive benefits in preferring FDI. FDI flows attained a new record level right from the year 1990 to 2000. Then, from the year 2001 the gro wth in the investment failed and the later years it saw a steady and steep decline in global FDI flows. , Figure: Shows trends in global FDI flows during the year 1991 to 2003 (FDI, 2007, p.7). FDI affects the economic growth of the country in various aspects like it raises the formation of human capital, provides a facility to transfer the technology between the host countries and also stimulates the domestic investment. The relationship between the impact of FDI and economic growth can be easily analyzed with the help of production function and also with the other variables that affect economic growth such as domestic, trade, labour and capital (Falki, N. 2009). Production function was done based on the endogenous growth. According to Kumar, N. (1998, p.112), Direct investment was thought of mainly as a flow of capital, possibly replacing local capital or possibly representing marginal additions to the host countrys capital stock, followed by the necessity of financing dividends and interest, and possibly repatriation of capital. Some of the authors studied on the impact of FDI on economic growth in developing countries where those opinions are illustrated below: Authors views on Does FDI promote Economic Growth in developing countries S.No. Authors name Researched during the year Does FDI promote Economic Growth in developing countries (Yes/No/May be) Explanation 1. Balasubramanyam 1996, 1999 May be Requires open or neutral trade regime 2. Borensztein 1998 May be Depends on education level of workforce 3. De Mello 1999 May be Depends on degree of complementarily and substitution between FDI and domestic investment 4. Graham and Wada 2001 Yes Raised per capita GDP in Chinese provinces with FDI concentration 5. Graham 1995 May be TNCs market power can generate negative impacts 6. Loungani and Razin 2001 May be Risks 7. Lim 2001 May be Depends on tax incentives, regulatory and legal impediments, macroeconomic instability 8. Marino 2000 May be Requires open trade and investment policies 9. Mallampallyand Sauvant 1999 May be Requires human resource development, information and other infrastructure 10. Markusen and Venables 1999 Yes Raises productivity and exports of domestic firms, generates spillovers 11. Rodrik 1999 No Reverse causality: TNCs locate, rather than drive growth, in more productive and faster growing countries Table: Shows the authors explanation on Does FDI Promote Economic Growth in developing Countriesthis is a question? (LyubaZarsky, 2005, p.25) From the above table, it can be understood that out of 11 authors, only 2 authors support that FDI promotes economic growth in the developing countries as they explain that it raises the productivity, exports of domestic firms and stated a practical example that it raised the percapita GDP of china government with the help of FDI. Rodrik, opposed the views of the other authors on supporting the FDI as based on their research. From Rodrik research, it has been stated that it doesnt shown impact rather it was derived as a reverse causality. Apart from these three authors, the remaining 8 authors were in a dynamo whether to support the FDI or not because all these authors states that the impact on FDI on economic growth depends only on the circumstances that the author considers but not on any other aspects. For example: FDI shows more impact on economic growth only when the government fulfil some basic needs such as require open trade, investment policies, human resource development, i nformation, other infrastructure, etc. If these requirements are fulfilled by the government then automatically it get benefited with the FDI but if it fails in reaching those needs then it may face some risks due to the policies and the agreement between the countries. Hence, it can be stated that impacts of FDI directly depends on the situations and circumstances that are being considered by the government. By tightening of international financial conditions will have as awful effect on inflows of FDI. In the recent years, this has been main source of assets for many countries (U. N. Staff. 2009).FDI shows more effect on the economic growth of the countries as it provides various benefits to the countries that acquire FDI are illustrated below (Khan Arshad, 2007): Introduces the latest techniques and technologies of marketing and management with the help of FDI, the developing countries can know more about the latest techniques and the technologies that are being used by the developed countries. By acquiring and implementing these latest technologies in the developing countries, to some extent it can increase its growth in terms of economy. Exploitation and utilization of local raw materials usage of raw materials in the countries will be increased by exporting these excess materials to other countries and get benefited with them by importing other raw materials from other country which are shortage in their countries. Can be easily access to the new technologies as there will be a rapid flow between the countries, each of the country can know more easily about the other country and their religion. Based on this analysis, it can assess and access the technologies in their own region by making contract with the other countries. Financial flows between the countries Foreign inflows between the countries are used for financing current account deficits. The finance flows between the countries are transferred in the form of FDI where it doesnt generate interests and repayment of principal but internally raises the human capital stock through job training. Chapter 3: Empirical Literature on FDI based on INDIA and CHINA 3.1. Effects of FDI on all other countries when compared with India and china The existence of a strong negative relationship between trade share and country size was supported by the literature on trade and development. Country size and trade ratio are inversely proportional in size (larger the size of the country smaller is the trade ratio), the foreign trade, investment, and technology transfer between countries will directly affect the degree of sincerity and competitive pressures emanating from abroad (Pieter, B. 2007). Thus, the impact of these competitive pressures would be much less in a large country such as China and India than that among other East Asian NICs. In recent years china had recognized its need towards foreign trade, investment and technology with the aim of modernization, nothing like the Third World developing countries (India) that impoverished foreign capital. 1984-85 1994-95 1999-2000 2004-05 2006 2007 World 2.2 4.8 18.3 9.0 12.9 14.8 Developed economies 2.1 3.9 19.1 7.7 12.80 15.6 Developing economies 2.8 8.1 15.8 11.9 12.5 12.6 Developing Asia 2.3 7.9 12.1 9.9 11.0 10.6 East Asia 1.9 9.0 14.8 9.3 8.7 8.6 China 1.8 15.9 10.4 7.7 6.4 5.9 South Asia 0.2 1.7 2.4 3.3 6.2 5.7 India 0.1 1.7 2.7 3.1 6.6 5.8 Table 2: shows FDI inflow as percentage of gross domestic fixed capital formation (GDFCF), 1944 -2007. (Source: Prema, C. A. 2009, p.379) The average annual level of FDI inflow for developing Asia had raced sharply from US$ 19 billion during 1984 1985 to US$ 500 billion till 2007, at the same time share to developing countries have raised from 15.1 to 17.4 percent which is shown in the above table. The gross domestic fixed capital (GDFCF) as a share of FDI inflow is higher for all the developing countries in the period 1984 1996 and reversal due to the Asian financial crisis during 1997 98. FDI inflow for developing Asia with the average FDI/GDFCF ratio during entire period 1984 2007 is approximately 9 percent and 7.1 per cent when compared with all the developing countries at the same time the global average is 7.4 per cent. China is the recipient country of inward flow and the largest developing country from past two decades where it has been investigated a theoretical increase in inflow with in developing Asia. Among all the countries china was in the second position for total FDI flow as per the ASEAN countries , with increased average annual level of US$ 3 billion during 2000-2007, and from the year 1980 to 1997 almost before six years china was in the second half with US$ 30 billion which was the onset effect of financial crises from 1997-98, due to decline and with determination from about US$ 35 billion per annum before the year 1997 to an annual average of about US$ 24 billion between 1997-79. Establishment of export-oriented industries is heavily concentrated by chinas FDI, there observation on the share of FIEs for total exports in transition economies of china is two percent of expended persistently before 1980 and approximately 60 percent by the year 2006. India process to increases FDI participation in export- oriented activities which had remained at a outlier region of FDI whose one/third FDI during the independence in 1947 was a major amount of stock as a primary sector with plantation, mining and oil at the same time one/forth was the manufacturing and all the remaining stock s are in services, mostly trade, construction, transportation and utilities. The inflow started increasing in manufacturing from 1960s although with a divestment from this sector of FDI, since, low-wages, low skilled manpower are the Indias huge supply it can attract garments and other simple assembly activities which would indirectly favor the heavy foreign investment industry thus primarily focusing towards domestic market. From mid 1990s a slight increase in software is observed as well as significant competition with the world market at industrial production was not notable (Park, J. H. 2002).some of the difficulties which are to be faced and over come for fast development of the country . India faced many difficulties to attract foreign investors in both products and services market now it is only success to service industry of IT mainly. In order to overcome these difficulties to stimulate domestic demand this is given in three steps: The interest rates should be competitive in RBI. Value added tax (VAT) are to be implemented. Reduce the budget deficit through government. Figure: shows the financial states of India and china GDP the total chinas financial assets is approximately 220 per cent of GDP at the same time Indias financial assets is 160 per cent, countries savings and investment is the great strength for chinas financial system and Indias financial system is outside occur in savings and investments (Sources: Slide share 2008, slide No:18). 3.2. Fundamental policies of FDI India followed market-distorting policies on both foreign and private investments thus with this estimation about barriers for imports and exports are analyzed. Thus it become necessary to control the production and distribution as well as administered price controls etc. The impacts of opening up policies are likely to open up with foreign trade, investment and technology transfer, which would be much less in large countries of china and India when compared with all other East Asian NICs. Chinas opening policies in recent years is the success story with the favorable impact is not only for small economies but also for all large continental economies. China and India may not suffer from a large country constriction for adopting the export-oriented, outward-looking development strategy considerably (Park, J. H. 2002). The reformist policy is to fill the domestic savings gap which is necessary for economic development with foreign capital inflows, along with other goals in advanced for eign technology and managerial skills, and to promote exports to increase the foreign exchange earnings of the country. Due to open-door policy Chinas trade and inflow of foreign direct investment and loans are impressive, thus within a very short time china became a major exporting country, and an export competitor with the East Asian NICs (Newly Industrializing Countries) and ASEAN (Association of Southeast Asian Nations) countries in the Asia Pacific region. The opening policies in china have contributed to the countrys economic growth and development considering all domestic economic events. The Indias economic reforms undertaken in 1991 in light of Chinas experience with the export-oriented, foreign direct investment strategy for economic growth and development which has been examined with superiority of export-oriented, outward-looking development strategies. Thus China can provide important lessons and policy implications in economic development for all Third World developing countries like India. The success story of china open to worlds economy made it ideal for studying the relationship between trade and development as well as for testing the validity of export-promoting development strategy. 3.3. Historical Background and National Goals 3.3.1. History of FDI in India The generational explanation of history is given as follows after Indias independence: during 1947 to 48 there was the British owned the private foreign capital through the national policies resolution which is Swadeshi movement Industrial policy. In the next generation i.e. from 1949 to 1953 foreign investments where far away from trio of domestic business house with foreign capital as well as with the government nationalist sentiments. The second Economic plan was launched in 1957 as industrialization through import substitution and encouraging private investment. Some of the selected industries got foreign collaboration and JV mostly manufacturing companies which are retained participation in India FDI since 1960s, the devaluation of rupee encouraged the socialist idealism banks and foreign oil majors nationalized after late 1960s. After almost 8 years in 1968 the foreign investment board had encouraging investments on there own terms and conduction. In the year 1973as per the F oreign Exchange Act (FERA) which launched a new article that all firms should come together for their foreign equity, holding 40% of foreign equity to be considered as Indian companies due to which IBM as well as coca cola is exited. After seven years of strict vigilance on FDI, from the year 1980 licensing procedures were liberalized to softened, technology transfer and royalty payments relaxed, foreign investment was encouraged wherever possible. During 1900-s rupee value got down, withdrawal of NRI money, India turned to IMF; there was liberalization on trade regime and regulatory frame work. Many of the industries were invited by FDI and in some cases limit was increased from 51% to 100%. The service sector was again opened for FDI. The political instability after 1995 had started but a perception towards FDI had changed due to changes in government kept focus on FDI. 3.3.2. History of FDI in China China has joined the joint venture with other countries in the year1979, and by the year 1986 china became fully foreign owned enterprise. It was divided into four zones namely Shantou, Shenzhen, and Xiamen in the year 1980. After four years in 1984 it was found that chinas economic zone has fourteen cities and whole china combined by late 1900s. There was a rapid economic growth in reform period due to profusion of labour and its low costs, Rapid expansion of Chinas domestic market at the same time plays important role of overseas Chinese for increasing integration with world economy. The marketing effects are generally obtained by imports and exports in both bilateral countries. FDI is very essential for developing countries for Off setting the capital deficiency, Acquiring advanced technology, Gaining production know-how, Promoting exports as well as to Table 2: shows FDI in India-China products Trade (in million US Dollars). (Source: Prema, C. A. 2009, p.379) The two highest population countries of the world are India and China which together contain approximately 40 per cent of the worlds humidity on an adjacent landmass in Asia. Both countries are pride in birthplace of civilization entering the era of sharing worlds greatest development problem. The underdeveloped areas of these two countries is due to huge population relative to land and other resources, around 1950s there was no commitment to national planning for economic modernization as there was new governments of China and India, led by Mao Zedong and Jawaharlal Nehru so as to eliminate poverty and raise the standard of living (Park, J. H. 2002). Approaches to Development: Some of the important characteristics shared within India and China as the wealth of people relative to other rare resources such as arable land, natural resources, and capital suggesting the appropriate strategies for development would have involved production of labor-intensive goods. Among these some are exchanged for imports of capital goods and technology as per the necessity for development. For economic FDI Policies of India and China FDI Policies of India and China Chapter 1: Introduction 1.1. Overview Foreign Direct Investment is a hot topic in most policy circles as it is associated in many instances with significant macroeconomic changes and improvements in the range of goods and services produced in recipient countries. Furthermore growth in recipient countries is often ascribed to these inflows and so competition for higher inflows of FDI has become competitive. Most of the developing and developed countries increase their economy by enhancing their share in the global market through FDI inflows. As FDI shows more impact on the countrys economy, most of the foreigners are investing their amount in other countries for improving their profits with less manpower and minimum initial cost. These inflows were easily achieved by the investors by just fulfilling their basic requirements and maintaining their policies. FDI can be used by the countries only when they meet some of the major requirements like transfer of capital, a source of funds for foreign operations, Control investmen t and a balance of payments flow (Nicolas, B., 2010). Even though the FDI inflows in developing countries are low that is nearly 5%, this shows more impact on the economy in terms of the development programs by introducing new technologies. This change will be occurred only in the surroundings of investment areas. Here, in this research the FDI inflows between India and China are studied by comparing both the countries. Further of this study clearly explains the various aspects that are considered by the India and China for increasing the FDI inflows in the global market and also illustrates the policies that are followed by China as most of the investors prefer China when compare to the India. Finally, it recommends some of the policies and the changes that need to be made by the Indian Government for improving its FDI inflows. 1.2. Aim and Objectives Aim: To study the variations between the FDI policies of Indian and China based on their inflows and overall performance of the economy. Objectives: To study the importance of FDI and the required fundamental policies for acquiring the FDI. To research on the impact of FDI inflows in India and China based on their overall performance. Identifying the possible steps for Indian policy makers for improving their FDI inflows. Statistically evaluating the comparison between India and China in terms of FDI inflows. 1.3. Purpose of Study This study mainly focuses on the Foreign Direct Investment, the role of FDI in India and China and also illustrates the comparison between these two countries in terms of FDI. This research is selected in order to know more about the investments made by the developing countries and the involvement in international financial banking markets to influence the global and political aspects. This study is mostly useful for the people who are willing to know about the role played by FDI in the fast growing countries like India and China where these two countries differs in their environmental conditions. While researching about the FDI in both countries, one can easily analyze that China is showing more interest in attracting the FDI and is leading their economy when compare to India. So in order to clearly investigate on this point, this study also focuses on the aspects and the policies that need to be designed by the Indian country for attracting the investors and also to increase the ov erall performance of the economy by raising the inflows when compared to China. 1.4. Research Context In this study the researcher is focused on the worlds largest two most populated countries: India and China with a greatest history background. These two countries are known to be fast growing countries in the world and are known for their ample facilities and environmental conditions. These two countries are economically improving their standards in terms of technology and infrastructural growth. However, China is considered to be more positive in terms of attracting FDIs and are almost leading the comparison with India. In this research the time is a biggest constrain and to understand the research physically is really a tough target for the researcher by visiting both countries to meet and interview/ survey the financial organizations experts from various locations. However it is also noticed that in India only the FDI policies are changing from place to place based on the local governments rules and regulations. All the major rules and regulations governed by RBI and Government o f India are applicable, addition to that the investing company also needs to ensure that the environmental and ethical issues are not disturbed by the foreign investors in local and urban areas of various parts of India. As an example, there are some pilgrim places of India which does not allow non vegetarian food or related items so in that circumstance neither Government of India or RBI cannot allow the foreigners to invest their amount for a restaurant or bar and etc. Similarly in China it is one of the largest countries in the world and is having different cultures and backgrounds with in the country. Hence from the above context it is understood that this research will mainly focus on the secondary data available and in some areas it can get into the help of people related to the financial and banking industry. 1.5. Research Methodology For conducting any type of research, the data needs to be gathered by the researcher where this collected information should be in such a way that it is valid and accurate. Researcher need to choose a suitable method from various research methods, by which the researcher can successfully finish the research. Generally there exist two different types, primary data and secondary data. Primary data mainly focus on the aim of the research where the researcher can easily collects the information from various methods like surveys, interviews, etc. Where as in the secondary data, the researcher can collect the data only from the sources like journals, books, magazines, online articles, etc. where the researcher need to collect the accurate data as these recourses will not focus on the aim of research (Kumar, R., 2005). Here in this research, researcher collects the information through secondary data as the main aim of this research is to compare the FDI inflows in both India and China. As t he time is the biggest constrain, it will be really tough target for the researcher to select the primary data as the researcher either need to do interview /survey with the concern persons by visiting two countries where it cannot be possible with the period of time. So, its better to prefer secondary data for gathering accurate information for the research by referring various resources. Hence, the research can be successfully completed by analyzing the collected information and drawing the conclusion from this data. Chapter 2: Literature review 2.1. Overview This chapter will provide the suitable information and required material for completing research successfully with no issues during the research process. At the same time the literature review gives a basic idea about the research problem solving background with additional material from their related background history. The growth of multinational enterprise (MNE) activity in foreign direct investment (FDI) has grown at a faster rate than most other international transactions as well as the trade flows between countries. The research literature review covers the objects related to foreign direct investment, detailed introduction and description of FDI and impacts of FDI. International Monetary Fund (IMF) has defined the FDI as an international investment of one company with the target of enduring relationship i.e. Investments made by company must exceed the equity of Target Company by 10%. The major requirements of the investors will help in faster growth of their organization which is explained by Nicolas, B. (2010) in terms of Control investments, supply of funds for foreign operations, a balance of payments flow and Capital transfers. 2.2. Brief History and background of Foreign Direct Investment In the present world, there exist various investment techniques for the corporations for increasing their growth. If these industries lacks in making right decisions in their investment then it may lead to reduce their growth and their level in the global market. So, many of the countries prefer Foreign Direct Investment (FDI) compare to other techniques because most of the corporations get affected financially due to their investment decisions. Mostly FDI is preferred as it is considered as an integral part of an open and effective international economic system and also referred as the major catalyst to development (OECD, 2002). In the present market, USA stood a number one position in FDI flows. According to Nicolas Breitfeld (2010, p.1), Foreign Direct Investment (FDI) is defined by the IMF as an international investment of one company with the intention of lasting relationship. Foreign Direct Investment (FDI) plays an important role in the financial sector. Generally most of the countries believe that increasing the international linkages through FDI is an important feature of financial globalization and elevates the major challenges for statistics and policymakers in industrial and developing countries (Neil, K. P., 2004). Further of this section, it clearly discusses the views of authors on FDI, the importance of FDI and mainly focuses on the issues that are being faced by the countries while introducing the FDI. Even-though authors define Foreign Direct Investment (FDI) in different ways based on their research it is mainly mend to development on countrys and globalization. Some of the authors views on FDI are discussed below: According to Organization for Economic Co-Operation and development (OECD) (2008, p.62), Foreign Direct Investment (FDI) occurs when a business located in one country (the direct investor) invests in a business located in another country (the direct investment enterprise) with the objective of creating a strategic and a lasting relationship. Here, the author suggests that occurrence of FDI exists only when the business persons invests their money in another country. They invest their income in another country by making some rules and regulations in their relationship. But according to Alexander, L. and IMFD, (2002), foreign direct investment defined as the integration of three components which are illustrated below: The branch profits need to be distributed and divided in equity without any holding withholding taxes. Accrued interest need to be paid to the direct investor by the direct investment enterprise, this can also be referred as income on debt. Earnings are reinvested in proportion with the direct investment stake. In this context, author says that the investment and the interest benefited by the business people need to be redistributed in an equal proportion among the investor and the direct investment enterprise. At the same time, Neil, K. P. (2004, p.3), discusses that according to BPM5 (Balance of Payments Manual) FDI defined as a category of international investment that reflects the objective of a resident in one economy (the direct investor) obtaining a lasting interest in an enterprise resident in another economy (the direct investment enterprise). ÂÂ  Here, the author discuss that FDI indirectly affects the economy of another country as the other country invest their income on another country for gaining interest on their investment. Even though the opinions and views of the authors differs in defining the FDI but all the authors focus on only one point that is the benefit dragged by the investor and the direct investment enterprise. These investors of get benefited globally with FDI on the interest on their investment and also increases their international linkages with the industries established in another country. ÂÂ   2.3. Impacts of FDI Foreign Direct Investment is considered as a driver of economic growth and development for developing countries which often lack the technology or capital to promote sustained economic growth and development. Mostly, FDI is considered as one of the major drivers of globalization as it continuously raises with the high growth rates before the financial crisis hit the world economy. The way through which FDI promotes economic growth and development to the countries is contentious because there is no definitive evidence and lags in supporting the literature. Even though there is no empirical evidence in representing the impact of FDI on the countries there are some theoretical explanations from which one can easily analyse the impacts of FDI on developed and developing countries. According to Bora, B. (2002, p.168), FDI flows were increasing rapidly much more quickly than international trade flows, which in turn were increasing faster than world GDP. Laura Alfaro (2003) says that FDI of fers great advantages to host countries because many of the academics and policy makers argue that there exists a most important positive effect on the development of host countries. FDI not only acts as the source of the valuable technology but also helps the countries in developing the linkages with the local firms that indirectly helps the country in raising the economy. Due to these reasons, most of the developing and industrialized countries offer incentive for encouraging the FDI in their economies. The environmental impacts of foreign direct investment may be positive, negative or neutral based on the institutional and industrial context. Gorg and Greenwood (2002) comes under a conclusion that the effect due to FDI is negative by reviewing the information from the foreign-owned to domestically owned firms. But Lipsey (2002) supports the positive benefits in preferring FDI. FDI flows attained a new record level right from the year 1990 to 2000. Then, from the year 2001 the gro wth in the investment failed and the later years it saw a steady and steep decline in global FDI flows. , Figure: Shows trends in global FDI flows during the year 1991 to 2003 (FDI, 2007, p.7). FDI affects the economic growth of the country in various aspects like it raises the formation of human capital, provides a facility to transfer the technology between the host countries and also stimulates the domestic investment. The relationship between the impact of FDI and economic growth can be easily analyzed with the help of production function and also with the other variables that affect economic growth such as domestic, trade, labour and capital (Falki, N. 2009). Production function was done based on the endogenous growth. According to Kumar, N. (1998, p.112), Direct investment was thought of mainly as a flow of capital, possibly replacing local capital or possibly representing marginal additions to the host countrys capital stock, followed by the necessity of financing dividends and interest, and possibly repatriation of capital. Some of the authors studied on the impact of FDI on economic growth in developing countries where those opinions are illustrated below: Authors views on Does FDI promote Economic Growth in developing countries S.No. Authors name Researched during the year Does FDI promote Economic Growth in developing countries (Yes/No/May be) Explanation 1. Balasubramanyam 1996, 1999 May be Requires open or neutral trade regime 2. Borensztein 1998 May be Depends on education level of workforce 3. De Mello 1999 May be Depends on degree of complementarily and substitution between FDI and domestic investment 4. Graham and Wada 2001 Yes Raised per capita GDP in Chinese provinces with FDI concentration 5. Graham 1995 May be TNCs market power can generate negative impacts 6. Loungani and Razin 2001 May be Risks 7. Lim 2001 May be Depends on tax incentives, regulatory and legal impediments, macroeconomic instability 8. Marino 2000 May be Requires open trade and investment policies 9. Mallampallyand Sauvant 1999 May be Requires human resource development, information and other infrastructure 10. Markusen and Venables 1999 Yes Raises productivity and exports of domestic firms, generates spillovers 11. Rodrik 1999 No Reverse causality: TNCs locate, rather than drive growth, in more productive and faster growing countries Table: Shows the authors explanation on Does FDI Promote Economic Growth in developing Countriesthis is a question? (LyubaZarsky, 2005, p.25) From the above table, it can be understood that out of 11 authors, only 2 authors support that FDI promotes economic growth in the developing countries as they explain that it raises the productivity, exports of domestic firms and stated a practical example that it raised the percapita GDP of china government with the help of FDI. Rodrik, opposed the views of the other authors on supporting the FDI as based on their research. From Rodrik research, it has been stated that it doesnt shown impact rather it was derived as a reverse causality. Apart from these three authors, the remaining 8 authors were in a dynamo whether to support the FDI or not because all these authors states that the impact on FDI on economic growth depends only on the circumstances that the author considers but not on any other aspects. For example: FDI shows more impact on economic growth only when the government fulfil some basic needs such as require open trade, investment policies, human resource development, i nformation, other infrastructure, etc. If these requirements are fulfilled by the government then automatically it get benefited with the FDI but if it fails in reaching those needs then it may face some risks due to the policies and the agreement between the countries. Hence, it can be stated that impacts of FDI directly depends on the situations and circumstances that are being considered by the government. By tightening of international financial conditions will have as awful effect on inflows of FDI. In the recent years, this has been main source of assets for many countries (U. N. Staff. 2009).FDI shows more effect on the economic growth of the countries as it provides various benefits to the countries that acquire FDI are illustrated below (Khan Arshad, 2007): Introduces the latest techniques and technologies of marketing and management with the help of FDI, the developing countries can know more about the latest techniques and the technologies that are being used by the developed countries. By acquiring and implementing these latest technologies in the developing countries, to some extent it can increase its growth in terms of economy. Exploitation and utilization of local raw materials usage of raw materials in the countries will be increased by exporting these excess materials to other countries and get benefited with them by importing other raw materials from other country which are shortage in their countries. Can be easily access to the new technologies as there will be a rapid flow between the countries, each of the country can know more easily about the other country and their religion. Based on this analysis, it can assess and access the technologies in their own region by making contract with the other countries. Financial flows between the countries Foreign inflows between the countries are used for financing current account deficits. The finance flows between the countries are transferred in the form of FDI where it doesnt generate interests and repayment of principal but internally raises the human capital stock through job training. Chapter 3: Empirical Literature on FDI based on INDIA and CHINA 3.1. Effects of FDI on all other countries when compared with India and china The existence of a strong negative relationship between trade share and country size was supported by the literature on trade and development. Country size and trade ratio are inversely proportional in size (larger the size of the country smaller is the trade ratio), the foreign trade, investment, and technology transfer between countries will directly affect the degree of sincerity and competitive pressures emanating from abroad (Pieter, B. 2007). Thus, the impact of these competitive pressures would be much less in a large country such as China and India than that among other East Asian NICs. In recent years china had recognized its need towards foreign trade, investment and technology with the aim of modernization, nothing like the Third World developing countries (India) that impoverished foreign capital. 1984-85 1994-95 1999-2000 2004-05 2006 2007 World 2.2 4.8 18.3 9.0 12.9 14.8 Developed economies 2.1 3.9 19.1 7.7 12.80 15.6 Developing economies 2.8 8.1 15.8 11.9 12.5 12.6 Developing Asia 2.3 7.9 12.1 9.9 11.0 10.6 East Asia 1.9 9.0 14.8 9.3 8.7 8.6 China 1.8 15.9 10.4 7.7 6.4 5.9 South Asia 0.2 1.7 2.4 3.3 6.2 5.7 India 0.1 1.7 2.7 3.1 6.6 5.8 Table 2: shows FDI inflow as percentage of gross domestic fixed capital formation (GDFCF), 1944 -2007. (Source: Prema, C. A. 2009, p.379) The average annual level of FDI inflow for developing Asia had raced sharply from US$ 19 billion during 1984 1985 to US$ 500 billion till 2007, at the same time share to developing countries have raised from 15.1 to 17.4 percent which is shown in the above table. The gross domestic fixed capital (GDFCF) as a share of FDI inflow is higher for all the developing countries in the period 1984 1996 and reversal due to the Asian financial crisis during 1997 98. FDI inflow for developing Asia with the average FDI/GDFCF ratio during entire period 1984 2007 is approximately 9 percent and 7.1 per cent when compared with all the developing countries at the same time the global average is 7.4 per cent. China is the recipient country of inward flow and the largest developing country from past two decades where it has been investigated a theoretical increase in inflow with in developing Asia. Among all the countries china was in the second position for total FDI flow as per the ASEAN countries , with increased average annual level of US$ 3 billion during 2000-2007, and from the year 1980 to 1997 almost before six years china was in the second half with US$ 30 billion which was the onset effect of financial crises from 1997-98, due to decline and with determination from about US$ 35 billion per annum before the year 1997 to an annual average of about US$ 24 billion between 1997-79. Establishment of export-oriented industries is heavily concentrated by chinas FDI, there observation on the share of FIEs for total exports in transition economies of china is two percent of expended persistently before 1980 and approximately 60 percent by the year 2006. India process to increases FDI participation in export- oriented activities which had remained at a outlier region of FDI whose one/third FDI during the independence in 1947 was a major amount of stock as a primary sector with plantation, mining and oil at the same time one/forth was the manufacturing and all the remaining stock s are in services, mostly trade, construction, transportation and utilities. The inflow started increasing in manufacturing from 1960s although with a divestment from this sector of FDI, since, low-wages, low skilled manpower are the Indias huge supply it can attract garments and other simple assembly activities which would indirectly favor the heavy foreign investment industry thus primarily focusing towards domestic market. From mid 1990s a slight increase in software is observed as well as significant competition with the world market at industrial production was not notable (Park, J. H. 2002).some of the difficulties which are to be faced and over come for fast development of the country . India faced many difficulties to attract foreign investors in both products and services market now it is only success to service industry of IT mainly. In order to overcome these difficulties to stimulate domestic demand this is given in three steps: The interest rates should be competitive in RBI. Value added tax (VAT) are to be implemented. Reduce the budget deficit through government. Figure: shows the financial states of India and china GDP the total chinas financial assets is approximately 220 per cent of GDP at the same time Indias financial assets is 160 per cent, countries savings and investment is the great strength for chinas financial system and Indias financial system is outside occur in savings and investments (Sources: Slide share 2008, slide No:18). 3.2. Fundamental policies of FDI India followed market-distorting policies on both foreign and private investments thus with this estimation about barriers for imports and exports are analyzed. Thus it become necessary to control the production and distribution as well as administered price controls etc. The impacts of opening up policies are likely to open up with foreign trade, investment and technology transfer, which would be much less in large countries of china and India when compared with all other East Asian NICs. Chinas opening policies in recent years is the success story with the favorable impact is not only for small economies but also for all large continental economies. China and India may not suffer from a large country constriction for adopting the export-oriented, outward-looking development strategy considerably (Park, J. H. 2002). The reformist policy is to fill the domestic savings gap which is necessary for economic development with foreign capital inflows, along with other goals in advanced for eign technology and managerial skills, and to promote exports to increase the foreign exchange earnings of the country. Due to open-door policy Chinas trade and inflow of foreign direct investment and loans are impressive, thus within a very short time china became a major exporting country, and an export competitor with the East Asian NICs (Newly Industrializing Countries) and ASEAN (Association of Southeast Asian Nations) countries in the Asia Pacific region. The opening policies in china have contributed to the countrys economic growth and development considering all domestic economic events. The Indias economic reforms undertaken in 1991 in light of Chinas experience with the export-oriented, foreign direct investment strategy for economic growth and development which has been examined with superiority of export-oriented, outward-looking development strategies. Thus China can provide important lessons and policy implications in economic development for all Third World developing countries like India. The success story of china open to worlds economy made it ideal for studying the relationship between trade and development as well as for testing the validity of export-promoting development strategy. 3.3. Historical Background and National Goals 3.3.1. History of FDI in India The generational explanation of history is given as follows after Indias independence: during 1947 to 48 there was the British owned the private foreign capital through the national policies resolution which is Swadeshi movement Industrial policy. In the next generation i.e. from 1949 to 1953 foreign investments where far away from trio of domestic business house with foreign capital as well as with the government nationalist sentiments. The second Economic plan was launched in 1957 as industrialization through import substitution and encouraging private investment. Some of the selected industries got foreign collaboration and JV mostly manufacturing companies which are retained participation in India FDI since 1960s, the devaluation of rupee encouraged the socialist idealism banks and foreign oil majors nationalized after late 1960s. After almost 8 years in 1968 the foreign investment board had encouraging investments on there own terms and conduction. In the year 1973as per the F oreign Exchange Act (FERA) which launched a new article that all firms should come together for their foreign equity, holding 40% of foreign equity to be considered as Indian companies due to which IBM as well as coca cola is exited. After seven years of strict vigilance on FDI, from the year 1980 licensing procedures were liberalized to softened, technology transfer and royalty payments relaxed, foreign investment was encouraged wherever possible. During 1900-s rupee value got down, withdrawal of NRI money, India turned to IMF; there was liberalization on trade regime and regulatory frame work. Many of the industries were invited by FDI and in some cases limit was increased from 51% to 100%. The service sector was again opened for FDI. The political instability after 1995 had started but a perception towards FDI had changed due to changes in government kept focus on FDI. 3.3.2. History of FDI in China China has joined the joint venture with other countries in the year1979, and by the year 1986 china became fully foreign owned enterprise. It was divided into four zones namely Shantou, Shenzhen, and Xiamen in the year 1980. After four years in 1984 it was found that chinas economic zone has fourteen cities and whole china combined by late 1900s. There was a rapid economic growth in reform period due to profusion of labour and its low costs, Rapid expansion of Chinas domestic market at the same time plays important role of overseas Chinese for increasing integration with world economy. The marketing effects are generally obtained by imports and exports in both bilateral countries. FDI is very essential for developing countries for Off setting the capital deficiency, Acquiring advanced technology, Gaining production know-how, Promoting exports as well as to Table 2: shows FDI in India-China products Trade (in million US Dollars). (Source: Prema, C. A. 2009, p.379) The two highest population countries of the world are India and China which together contain approximately 40 per cent of the worlds humidity on an adjacent landmass in Asia. Both countries are pride in birthplace of civilization entering the era of sharing worlds greatest development problem. The underdeveloped areas of these two countries is due to huge population relative to land and other resources, around 1950s there was no commitment to national planning for economic modernization as there was new governments of China and India, led by Mao Zedong and Jawaharlal Nehru so as to eliminate poverty and raise the standard of living (Park, J. H. 2002). Approaches to Development: Some of the important characteristics shared within India and China as the wealth of people relative to other rare resources such as arable land, natural resources, and capital suggesting the appropriate strategies for development would have involved production of labor-intensive goods. Among these some are exchanged for imports of capital goods and technology as per the necessity for development. For economic