Thursday, November 28, 2019
In-focus-remembering-your-audience-and-message - The Writers For Hire
STAY IN FOCUS: REMEMBERING YOUR AUDIENCE AND MESSAGE When youââ¬â¢re in the middle of a copywriting job, thereââ¬â¢s an age-old marketing maxim that can be hard to remember ââ¬â and it can sometimes be hard to convey to clients: You canââ¬â¢t be all things to all people. Good copy does two things: It speaks to a specific, targeted audience AND it has a specific, focused message. The two go hand in hand. If you try to talk to several target audiences at once, or if your message is too broad, youââ¬â¢ll end up with copy thatââ¬â¢s the equivalent of lukewarm, watery coffee. No one wants that. How to Find Your Target Audience: A target audience can still be fairly broad, but it needs to be identified. Sometimes itââ¬â¢s just a matter of asking your client. Sometimes, they might not know. A few ways to sort and identify target audiences is by: 1. Gender 2. Age 3. Profession 4. Interest/Hobby 5. Income You may find that, more often than not, your target audience falls in between several of those categories. For instance, I would guess that video game companies traditionally target young men under 30 with time and cash to spare. Another way to identify your target audience is to ask questions such as Who is buying your product or service? and Who do you want to pay attention to you? When you donââ¬â¢t have a defined audience, you canââ¬â¢t have defined copy. You canââ¬â¢t, for instance, write a marketing piece thatââ¬â¢s aimed at national advertisers, local businesses, customers, and teenagers. Thatââ¬â¢s because these group have no common links ââ¬â they each have their own needs, their own perspective. Youââ¬â¢d be better off creating marketing materials for each group, because trying to write a single piece directed to all of them is going to be a jumbled, generic disaster. How to Choose a Specific Message: Your message always comes AFTER you identify your target audience. Thatââ¬â¢s because you canââ¬â¢t start crafting a message until you know who youââ¬â¢re talking to, whoââ¬â¢s going to be interested in this product or service, or why they need it. Now, all copy needs to be persuasive, well-written, and focused on identifying differentiators and benefits. Once again, you canââ¬â¢t be all things to all people. Your message should do two things: 1. It should identify a problem that your target market faces. 2. It should offer a solution to that problem. Once youââ¬â¢ve identified both the problem and the solution, start crafting single sentence theses. This wonââ¬â¢t necessarily be your companyââ¬â¢s slogan or new campaign, but it will help keep your thoughts organized as you develop your marketing materials. And it will help you identify different angles and avenues for your marketing campaign. For example, a new energy drink could take many different routes with an email advertising campaign. Here are some examples of marketing messages (not slogans) that the company could take: DrinkX gives you the energy you need without the jitters you get from caffeine or the crash you get from sugary drinks. Five great flavors means you wonââ¬â¢t only get the energy you need from DrinkX ââ¬â youââ¬â¢ll actually enjoy drinking it. The first message focuses on the fact that DrinkX doesnââ¬â¢t contain caffeine or sugar. The second message is all about taste (literally). Either message may work, as long as it correctly addresses a problem that the target audience perceives concerning energy drinks (either, a problem with energy drinks causing jitters, or a problem with energy drinks tasting terrible). Now, if the message you use is the wrong one, you may end up wasting a lot of cash. But, if you canââ¬â¢t decide between the messages, youââ¬â¢ll have the same problem: spending a lot of money going back and forth, trying to target different audiences. Applying the Message: Where do you go from there? Well, there are a couple of options. For small campaigns, keep things simple: try two targeted landing pages on your website. Draw traffic with pay-per-click ads and measure the results. Which one does better? Thatââ¬â¢s the correct message; stick with it. If youââ¬â¢re launching a massive marketing campaign with print, radio, web, and TV ads, you have a few options. You can run complete campaigns in different regions and see which one does better (lots of cash required for this option). A more affordable route is to do some basic surveys on your own ââ¬â via email or phone ââ¬â to find out what your target audience really cares about. In Review: Thereââ¬â¢s a process to it all, a method to the copywriting madness. And it goes like this: 1. Identify your target audience 2. Identify your message 3. THEN start writing â⬠¦
Sunday, November 24, 2019
Da Vincji essays
Da Vincji essays Born April 25,1452 Leonardo Da Vinci was born in the small town of Anchiano. His father Piero a successful notary, and his mother Caterina a peasant women. Leonardo has contributed much to our culture artistically and scientifically. As a boy, Leonardo was fascinated with the birds and flowers of nature, which are seen in his paintings in adulthood. His superb quality of the detailed landscapes shows off Leonardos artistic qualities. One of Leonardos most famous works is the portrait of the Mona Lisa. Leonardo da Vinci painted the Mona Lisa between the time period of 1503 through 1506. He used oil colors on a wood background. The subject in the painting is a younger Florentine female whom was married in 1495 to the popular Francesco del Giocondo. The portrait is also known as the La Giocondo. Rejecting the painting, Leonardo carried it around with him everywhere he traveled until his death in France where it remains today. This painting is remarkable for a variety of things. First, Leonardo uses two artistic techniques known as Sfumato and Chiaroscuro. The Italians call sfumato- the blurred outline and mellowed colors that allow one form to merge with another and always leave something to our imagination. (WebMuseum 1998) Sfumato is characterized by subtle, almost infinitesimal transitions between color areas, creating a delicately atmospheric haze or smoky affect; it is especially evident in the delicate gauzy robes worn by the sitter and in her enigmatic smile.(Microsoft Encarta Encyclopedia 1998) The Mona Lisa looks as if she has a slight smile on her face. Her mouth lends the painting with a gentle atmospheric effect. Leonardos technique of light and shade used continuously doesnt allow us to quite determine what hour of the day it is. This painting has the power to grab and hold our ...
Thursday, November 21, 2019
What Is Philosophy Essay Example | Topics and Well Written Essays - 750 words
What Is Philosophy - Essay Example I think the knowledge of everything depends on the extent of knowledge that we have about that thing. For example, we believe in God because we experience His involvement in every matter of our lives, as well as in what is beyond our imagination. The basis for knowledge is experience. A person learns from what he/she experiences. I think not all knowledge is subjective and there exist a number of universal truths. The relationship between faith and reason is obvious. We develop faith in someone when we experience something good from thatââ¬â¢s person. That experience becomes the reason for developing faith in that person. If we talk about artificial intelligence, we can say that it builds upon the knowledge of humans. I would say that human understanding has some limit because a person understands maximum the level his mind allows him. I think the right thing to do is what benefits us and the people around us. A good person is one who values others and takes decisions that do not produce any harm for any other person. A good person to me is also the one who maintains good social relationships with others and provides support to the people in need. I think virtue always leads to happiness. Virtue is an asset and a good asset always produces something good. A virtuous action benefits everyone and puts a long-term positive impact on the whole society. ââ¬Å"Like everything else morality is a man made concept, therefore it is not realâ⬠(An, 2009).
Wednesday, November 20, 2019
Personal Worldview Essay Example | Topics and Well Written Essays - 750 words
Personal Worldview - Essay Example This essay discusses that since we used to attend that camp with our church I know that most of the kids from various churches only get to go because it is free to those in need. I used to see firsthand the excitement on the childrenââ¬â¢s faces as they heard stories from the Bible for the first time. God placed that upon my heart to donate monthly and I know my small donation might plant a seed in a heart that otherwise would not have been planted. By following Godââ¬â¢s will to live a life of obedience and to serve others, I can live freely as God intended me to live (Smith, 1999).Other ways I am called as a Christian is to respond with openness and honesty, but also with grace towards those, I differ with (Smith, 1999). Living in a secular world requires me to deal with people who may not feel the same way I feel about different topics or choices. It is always important for me to treat them with respect even though I may disagree. Without being judgmental I can make my own p osition known. Knowing that there may not be a meeting of the minds on some issues, grace and respect should always be apparent. The Jesus in me that people see will hopefully plant a seed of a life they wish to have.If we share the world of the Gospel, it will become evident that to worship the One God, love the Christ, obey parents, show kindness toward our fellow beings, escape from debauchery and strictly observing chastity, honesty and integrity, that these are essential to make the world a peaceful and prosperous world (Smith, 1999).
Monday, November 18, 2019
Causes and effect of opiate drug use among teenagers between the age Research Paper
Causes and effect of opiate drug use among teenagers between the age of thirteen and seventeen in our communities - Research Paper Example hydrocodone, hydromorphone, oxycodone, oxymorphone, and levorphanol. Artificial or synthetic opioids are also available and include fentanyl, meperidine, methadone, propoxyphene, and tramadol. While the former have chemical structures similar to natural opiates that of synthetic opiates is distinct. Irrespective of nature of origin, opiates have acute as well as chronic psychological effects and are known to be addictive (Kim-Katz & Anderson, 2011). Drug abuse is one of the major issues dealt by governments worldwide with approximately 185 million people being directly involved during the period spanning 1998-2002 according to UNODC estimates. Of this 0.4% of the population in the diverse age group of 15 to 64 years was found to be addicted to opioids with half using illicit opioids such as heroin and the remaining addicted to prescription opiates. In U.S., specific patterns are observed in nature of drug use. While illicit drug use is more prevalent among the black adolescents; prescription drug is used more frequently by whites (Schroeder & Ford, 2012). Global burden of illicit opioid use is indicated by the fact that it was reported to be responsible for 0.7% of global disability adjusted life years (DALYs) in the year 2000 (Hall et al., 2006). Teenagers in the age group of 13 to 17 years form a highly vulnerable set of population with respect to drug abuse. National Drug Intelligence Center data indicates that in the year 2 003 alone approximately 7.5 million individuals of this age group had fallen prey to illicit drug use at least once, of these 3.3% were reported to have used heroin (NDIC, 2004). A comparison of the data for the years 2008 and 2009 indicates a statistically significant rise in illicit drug use incidences in this age group (SAMHSA, 2009). Evidence based researches investigating the etiologic factors of opioid use are few. Personal factors that have been reported to be responsible for opiate use among teenagers can be listed in to three
Friday, November 15, 2019
The competitiveness of Malaysia in attracting FDI
The competitiveness of Malaysia in attracting FDI 1.1 Abstract This report investigates the competitiveness of Malaysia in attracting Foreign Direct Investment (FDI). More specifically the study investigates the relationship of FDI with Malaysias economy, analyzes the reasons that affected the FDI into Malaysia, and evaluates each possible reason with relevant supportive data. The study will further evaluate the effectiveness of government policies in attracting FDI into Malaysia. 1.2 Malaysia and the FDI Malaysia has a policy of mixed economy whereby the countries attract FDI into the country to drive its economy and to ensure growth. Most of the empirical studies on the function of FDI in countries suggest that FDI is an important source of capital, complements domestic private investment, enhancement of technology transfer, and increase overall economic growth in countries where higher economic growth will creating sound investment environment which attracts investment from market-seeking firms (Karimi et al., 2009). According to Krugman and Obstfeld (1994) FDI functions as one way to bridge an inter-temporal gap of capital demand and supply, and like other capital inflows, increase the production frontier of developing countries, which normally suffer a shortage of capital. FDI also lead to increase the employment rate through the expansion of the economy and job creation. Insufficient funds for investment are the main reason to seek FDI and normally, less-developed countries lack of fund for investment (Har, Teo, Yee, 2008). Therefore by having the FDI, it can help them to develop their countries and improve their standard of living by creating more domestic employment and increase the economy. Besides FDI creating more job opportunities, inflow of FDI has been an important source of knowledge transfer in technology, management skills and international linkages for Indonesia, Malaysia, and Philippines and Thailand (Yussof Ismail, 2002). FDI is considered to be an important vehicle for transfer of new technology which contributes to growth more than domestic investment (Borensztein et al., 1998). FDI provides the fastest and most effective way to deploy new technologies in developing host countries, through the process of technology transfer, the foreign multinationals also contributed to the development of the technical capabilities of the locals (UNCTAD, 2000). Moreover, through training of employees and hands-on learning, FDI can raise the skills of local manpower and as a result, increasing their productivity level ( Marial Ngie, 2009). Furthermore, FDIs role is to fuel exports growth whereby the production of products and services are to cater both domestic and intern ational markets. The governments effort by introducing more liberal incentives including allowing a larger percentage of foreign equity ownership in enterprise under the Promotion of Investment Act (PIA)1986 and followed by the establishment of Free Trade Zones (FTZs) during the Second Malaysia Plan ( 1971-1975) in order to attract a larger inflow of FDI. Since then, Malaysia has attracted a large portion of the investment dollar that flowed into Asia. Between 1986 and 1996, it resulted to a large inflow of FDI at an annual average rate of 38.7% after 1987. In 1995 for instance, Malaysia was the second largest FDI recipient among Asian economies with US$ 5.8 billion (UNCTAD, 1996). FDI Inflows to Malaysia, (in million dollars) 1990-2009 The figure above shows the trend of FDI inflow to Malaysia. Malaysia has received a lot of FDI since the 1990s and FDI has become an important contributor to the growth and the transformation of Malaysias economy whereby FDI could create job opportunities for the countries citizens. The FDI flow in Malaysia is inconsistent and fluctuates randomly. For the record, Malaysia has recorded RM 152 billion in net FDI inflows during the period 2000-2009 higher than RM 134 billion from 1990-1999. But actually Malaysias performance starts to grow up impressively by 1990s compared with the years before 1990s and it show that may be the investor confidence had improved. However, the lowest figures of FDI inflows recorded in 2001 were due to the global trend and followed by the collapse of technology bubble (The star newspaper, 25 March 2010). As for 2009, the FDI inflow into the Malaysia had drastically dropped 81% to US$1.4bil from US$7.3bil in 2008, which reported by the World Investment Repor t (WIR). According to the chief economist of RAM Holdings Bhd Dr Yeah Kim Leng, the reason why the FDI have contracted sharply due to lack of confidence as the result of the global financial crisis in 2008 and 2009 (The star newspaper, 13 March 2010). In 2007, FDI inflows peaked, when it reaching US$1.8 trillion, up 30% from 2006, bringing the worldwide stock of FDI to US$15 trillion. FDI is an important contributor to the growth and the transformation of Malaysias economy, particularly in establishing new industries, enhancing production capacity, employment, trade and technological capability. Malaysia has attracted a steady inflow of net FDI in the recent decade, averaging 3% of GDP per annum with a peak of 4.5% of GDP in 2007 (Har, et. al., 2008). However, relatively lower FDI inflows were recorded in 2001 and 2009, similar to the global trend, following the collapse of the technology bubble and the global financial crisis respectively. According to the World Investment Report 2010, Malaysias FDI was dropped more than 81 percent in 2009 on Year-on-Year basic, from US$7.32 billion in 2008 to US$1.38 billion in 2009. The FDI inflow into Malaysia of the entire year of 2009 was even less than half of the annual average total FDI inflow between the years of 1995 to 2005, which included the long recovery period after the 1997 Asia Economic Crisis. Besides, Malaysias FDI inflow in 2009 was also lower than Singapore, Thailand, Indonesia, Vietnam, and the Philippines. This is the very first time in the history where the Philippiness FDI total is more than Malaysias FDI. 1.3 Malaysia Economy Background Malaysia was a strong performer in economic growth within the South-East Asia region in the early and mid-1990s. However, the countrys economy was hit hard during Asia Economic Crisis, which began in July 1997 started from Thailand. The crisis caused Malaysia economy contracted by 7.4 percent, and the Ringgit slipped by more than 40 percent until the country decided to implement currency and capital control, as well as pegged it currency- RM3.80 to USD1. However, the economy was able to recover strongly, particularly in 1999 and 2000, as the result of increased government spending and highly increased export sector. Malaysia had successfully to register averaged annual GDP growth rate at 5.9 percent since 2001. The country economic growth are transforming from depending on government spending and exports to become more driven by private consumption and investment, particularly in the services sector. Malaysia had taken the initiatives to reconstruct it economy, especially financial sector since 1997 Asia Financial Crisis. This enabled Malaysias economy did not hurt badly by the global financial crisis which began on November 2008 in US. However, the countrys economy is facing several problems internally and externally. These include of potential decreasing exports demand, higher commodity prices (due to Quantitative Easing (QE) Policy- worldwide, and Quantitative Easing 2 (QE2) US), lower competitiveness in attracting FDI inflows, and challenges in gaining the high income country status. Malaysias government had introduced 5 economic regions within the country (Iskandar Malaysia (Iskandar), North Corridor Economic Region (NCER), East Coast Economic Region (ECER), Sabah Development Corridor (SDC), and Sarawak Corridor of Renewal Energy (SCORE)) within the year of 2008. Also, the Malaysians government has promised to commit to an open economy, increase the countrys competitiveness and promote more freedom for foreign investors to the country. However, the introduced of 5 economic regions and the promises given by the Malaysians government did not responded positively by foreign investors, as the FDI inflow into Malaysia was dropped shapely in the year of 2009. Malaysia aims to become a developed country in 2020, yet the country need to grow at least 7 percent annually for the 10 years to come. Malaysia have been focused in several sectors in 9th Malaysia Plan and 3rd Industrial Master Plan, which includes of Islamic Finance, IT ICT, Education, Tourism, Biotechnology, and Multimedia. However, the 10th Malaysia Plan and the Malaysia Budget 2011 are both focused on the blueprint on addressing income distribution, retaining affirmative action policies for native Malays, while developing and improving the agriculture and social services sectors. 1.4 Malaysia Countrys Facilities According to World Investment Report 2008, MNCs often invest in countries with well established network of transportation and communication facilities. Malaysia is ready to fulfill the needs of logistic and communication within the countrys boundary, especially in the Peninsular of Malaysia. PLUS-highways and KTM railways are both linking the major towns in peninsular. Malaysia is famous with cheaper ports services than Singapore provided in southern Johor, as well as in Klang. Besides, the leading budget airlines- Air Asia, which selected Malaysia as the hub of it networks also increased the competitiveness of Malaysia in term of transportation. As for communication, Malaysia is moving toward to implement National Broadband Initiative (NBI), other than the MSC projects. According to SKMM (Malaysia Multimedia and Communication Commission), 95% of peninsular lands and 55% of East Malaysia areas are covered by fixed line broadband. Besides, there are with 29.6 Million cellular subscrip tion (Q3,2009), with 95% of area coverage in Peninsular and 77% of area coverage in East Malaysia. 1.5 FDI. Why and How? FDI in general can help to create jobs opportunity and reduce the poverty rate in a developing country. There are many ways in which FDI can help to enhance a countrys manufacturing and export competitiveness. In order to attract export oriented FDI and to ensure that such investment translates into development gains, a country needs to find the most effective ways to make the choice of locations as well as the target segments, conducive to the kind of export activities the MNCs aim to foster. One of the biggest tools for economic integration is FDI. FDI moves towards low technology production and labour intensive in developing countries, but they flows in high technology production towards developed states. FDI usually depend on different views of investments such as the sector of investment whether its manufacturing or services, the size of multinational investor or company. When the firms, which relocate only a part of its productions process, but not the whole productions line, then there is with possibilities for more FDI inflows in future, as the firms might continuously to relocate other productions process. Natural resources, specific skills, inexpensive labour and infrastructure will usually be the motivator to the foreign investors to relocate their productions line. On the other hand, the investors will invest heavily in an advantaged location to increase their competitive advantages. In todays rapidly globalizing world, successful exporting needs not only competitive products, but also marketing expertise and access to international markets. Giving greater access to FDI can provide major benefit in this respect especially in markets in which established brand names and large distribution networks are important assets. FDI can also be effective means of providing resources, such as skills, training, technology, capital goods and intermediate input needed to exploit a countrys existing comparative advantages. As for developing countries, FDI play a major role in the manufacturing sector for exports. This contributes to direct and indirect impacts to the domestic companies, in which direct impacts occur when FDI establish backward linkages with domestic companies. The indirect impacts occur when the domestic companies are able to copy the operations and the managements styles from the foreign companies, opportunity to recruit skilled employees of foreign companies, and taking advantages from reductions in trade barriers, as well as the improvements in local infrastructure. FDI is the vehicle by which firms achieve their strategic objectives. A company must posses some asset such as product and process technology or management and marketing skills that can be used beneficially in the foreign affiliate in order to invest in production in foreign markets. According to Kindle Berger (1969), For direct investment to thrive there must be some imperfection in markets for goods or factors, including among the latter technology. Or some interference in competition by government or by firms, which separates markets. The industrialized nations have remained the major contributor as well as the major recipient of FDI though FDI flows to the developing world have more than doubled between 1990 and 1999. 2.0 LITERATURE REVIEW 2.1 The FDI FDI is generally defined as ownership of a countrys business or properties by entities not domiciled there (BusinessDictionary.com). In this 20th century, the improved technologies and consolidated economies make a greater mobility of peoples, goods, capital and ideas from one country to another country. Such exchange of goods, services, knowledge and cultures between countries brings us to a world without boundaries and it is popularly known as globalization (Global Education). As the tendency of world towards globalization, FDI plays an extraordinary and growing role in global business (Graham Spaulding, 2005). In terms of FDI, the host country is the country which receives the investment from the source country or home country, which is also known as the foreign investor. The inflows of FDI into a host country can drive to a significant development of economy by providing an external source of capital, new technologies, management skills, and process. According to Graham Spaulding, FDI is classically defined as a company from one country making a physical investment into building a factory in another country. A direct investment is about investing in buildings, machinery, and equipment while indirect investment is refer to undertaking a portfolio investment. In current year, the definition of FDI has been expansive to include the acquisition of lasting management interest in a company outside the investing firms home country, investing in a joint venture, or construction of facility, or league with a local firm with the following input of technology and licensing of intellectual property (Graham Spaulding, 2005). Besides, the form of FDI has much different from the pass in terms of the size, scope and methods of execute due to the expansion in technologies, changes in markets capital structure as well as the gradually aggrandizing liberalization of national investment regulatory framework. The expanding of FDI in current year proposed different view point to different people. Adherents of FDI indicate that the exchange of investment flows profits both the host country and the home country while opponents hold that multinational collaboration are able to exert greater power over smaller economies and would lead to larger local competition (Graham Spaulding,2005). Since the flows of investment in a countrys economies does brings about great impact, most governments, especially for those in industrialized and developed nations really put much attention to FDI. In the United States, the Bureau of Economic Analysis, a section of the U.S. Department of Commerce, is responsible for collecting economic data about the economy including information about FDI flows (Graham Spaulding, 2005). By going through this data, the influence of such investment on the overall economy can be determined and the impact on industry segments will be assessable. The FDI embodies two typical assets: first, capital and second, technology or a number of intangible advantages. So, FDI is more likely to be important in industries with significant firm-specific, intangible, knowledge-based assets. FDI contributes most to the development process when affiliate is wholly owned and fully integrated into the global operations of the parent company. Once the parent investors commit themselves to incorporate the output from host country into a larger strategy to meet global or regional competition-there is evidence of a dynamic integration effect, which creates innovative and creative technology and techniques, as well as closer positioning along the top of the best management practises and highest industry standards. 2.2 The benefits of FDI In general, FDI will improve competitiveness and create employment, as well as increase the development of the host nation. This is a result of inward investment increasing the number of entrants in the indigenous industry which forces all competitor firms in the industry to become more competitive by reducing costs and improving efficiency and quality. In the analysis of Bosworth and Collins (1999) found that about half of each dollar of capital inflow can converted into an increase in the domestic investment. The result of the analysis show that the transferring of foreign resources equal to 53-69 percentage of the inflow of financial capital. The rest are transferred to reserves accumulation or capital inflows. In addition to the contribution of joint ventures, foreign firms can serve as a catalyst for other domestic exporters.In an empirical analysis, the probability of domestic factories will be exported is considered to be actively associated with the nearby multinational companies (Aitken et al. 1997). One implication is that the government may encourage potential exporters to be close to each other, creating export processing zones, duty-free import of inputs given as to fund infrastructure, special offers or tax-free to help reduce the cost of domestic enterprises to foreign countries to break the market. Export processing zone is a useful broad-based reform, but may introduce spatial distortions, the government in the wrong place to find the area. Much FDI activity is achieved by way of a joint venture between a foreign company and an indigenous company and this may bring advantages such as risk diversification, capital requirement reductions and lower start-up costs. Besides, foreign firms will bring in superior technology and enable free spreads of technology to the existing firm for extent of benefit to the host countries. FDI will manifest itself in the creation of spill over and linkages typically in suppliers and customers whereas the dynamic impact will affect the competitive environment. In addiction, both adherents and opponents support their respective view point regarding to the implication and effect of growing in FDI. Adherents stand the point that exchange of investment flows benefits both the host country and the home country (Graham Spaulding, 2005). This enable the mutual benefit between both countries where the enterprise in host country providing the new technologies, capital, management skills, and facilities as needed by the home country while the home country investor invest money in the host country to achieve their common goal, making profit from their collaboration. In spite of the perspective mentioned above, some prop osed that FDI helps in economic development of the particular country where the investment is being made and especially applicable for the economically developing countries (EconomyWatch). Supporters vouching for FDI say that it is stable and is a source of advanced technology and better managerial practices, so it is good for developing economies (Peter Nunnenkamp, 2002). Optimism about the consequences of foreign investment, coupled with heighted awareness about the importance of new technologies for economic growth, has contributed to wide-reaching changes in national policies on FDI and it helps accelerate the process of economic development in host country (Gordan H. Hanson, 2001). For most nations that were developing form the economic perspective, FDI is considering as one of the major foreign source of financing during 90s. Besides, there is an observation shows that FDI has played an important role in helping several countries when they were confronted by economic difficult ies. For example, during the financial problems of 1997-1998 that the amount of FDI made in countries in East Asian region was pretty steady and similar observation has been made in the 1980s and in Mexico in 1994-1995 (Economy Watch). The presence of foreign corporate in a host developing economy produces a positive externality that is the transfer of technologies. As a research for technology transfer, there are four correlated channels which are vertical linkages with suppliers and purchasers in the host countries, horizontal linkages with competing or complementary companies in the same industries, migration of skilled labors, and the internationalization of RD (OECD, 2002). With the presence of Multinational Enterprise (MNE), the technology transfers have been demonstrated that existing particularly through vertical linkages however the weighty of horizontal linkages is still the subject to argue (OECD, 2002). Moreover, technology transfer can only be accomplished through FDI since trading of goods and services and investment in financial source are unable to fulfill this goal. The countries that get FDI from another country can develop the human capital resources by getting their employees to receive training on the operations of a particular business (Economy Watch). According to the overview of OECD, this human capital enhancement is not only occurring through the efforts of MNE whereas it arises from government policies seeking to attract FDI via enhancement of human capital (OECD, 2002). Besides the effects of MNE in human capital development, the other enterprise which has a direct business relationship with MNE such as their supplier may also produce positive influences on the human resource quality. This effect can have a further movement which labor move to another firm or become entrepreneurs. In addition, it is possible for the host country to receive corporate taxes revenues when there is any profit generated by the FDI in that country. 2.3 The Factors that affecting FDI FDI movement is basically derived from financial transactions and non-transaction factors such as price changes, foreign exchanges and other changes during the reference period. In other words, the movement is derived from the differences between the closing and opening positions of the year. There are three factors that make Malaysia attractive to FDI, which have been identified are: (1) Malaysias undervalue currency; (2) lower cost of labour; and (3) fairly low interest rate (Oti-Prempeh,2003). Generally, firms are always looking that overseas expansion as a necessary way to reach a more effective access in the markets which have low representation. Investments often lead to increased trade flows indicating that trade flows and investments are complementary ( Tyler and Miranda, 2007 ). A set of region determinant is chosen from the literature on the location of US service industries to state the pattern of the Foreign Service firms FDI activity in the US. These determinants are the share of metropolitan population, the agglomeration of domestic producer services, the value of commercial and industrial property and population growth. About their study in the location of FDI and state characteristics within the US, Coughlin et al. (1991) assumed that a foreign firm company will choose to invest in a special state depends on the levels of its characteristics that influence profits relative to the levels of these characteristics in the other states. Besides that, Qian Sun et al. (2002 ) find proof that the value of the FDI determinants flows through the time period. Facility and labour quality are also important determinants of the distribution of FDI. The good infrastructure and labour quality will attract the attention of the foreign investors. Besides, the political stability and openness of that country to the foreign world are also as the important dimension to drawing in the foreign capital. Inward investment is likely to stimulate the production of global competitors in the recipient country. Market size and growth, barriers to trade, wages, production, transportation and other costs, political stability, psychic distance and host governments trade and taxation regulations, performance requirements, cultural distance, GDP per capita and infrastructure are factors affecting FDI location. While economic growth and technology transfer to the host country are important consequences of FDI, development of technological infrastructure and human capital are critical prerequisites and so antecedents for FDI. Moreover, while psychic distance has been pertinent so far in FDI decisions, its importance might gradually reduce with increasing globalization and development of new digital economy. Institutional and strategic factors into theory . . . need to be considered in tandem to explain the change in trend of FDI flows (Sethi et al ,2002),. The inflow of FDI includes a raise in the production base, the introduction of new skills and technologies and the creation of employment. Foreign investors increase productivity in host countries and FDI is often a catalyst for domestic investment and technological progress. Increased competition associated with the entry of an MNE upgrades the competence and product quality in national companies, and opens up possibilities for export (Ahn and Hemmings, 2000). 2.4 Globalisation and the FDI Since the early 1960s a large number of theories on FDI have emerged. This proliferation was to a large extent, due to Hymer 1976, and the subsequent recognition that FDI is a manifestation of market imperfection and firm specific advantages. This is the implicit and explicit assumption in most modern theories. The multiplicity of factors involved in production, combined with barriers to the free movement of goods and services, together with the differences in production environment, are also been an increasing number of studies regarding other modes of foreign investment (FI). These new forms of FI activities such as join venture, licensing, franchising, etc seem to have taken on an increasingly important role in recent years everywhere, including developing countries (Oman, 1984). There is increasing understand that trade and FDI are the vehicle that moves globalization. The nature and quantity of determinants and factors that determine FDI inflows into a country depend largely on the barriers-to-trade. In order to encourage globalization, all countries must try to eliminate the barriers-to-trade and provide opportunities for attracting FDI inflows into the country. As the race for FDI inflows among the nations intensifies, the conditions for attracting FDI inflows continue to increase and multiply as well.
Wednesday, November 13, 2019
Bioethics :: essays research papers
Bioethics encompasses every ethical question relating and pertaining to medicine and the health of living things. Everything from pediatrics to nursing, from euthanasia to birth-pain killer, from the debate of abortion to the law of malpractice is covered by the term bioethics. Bioethics is a very broad, very extensive category of ethics. The concept of a separate set of ideas called bioethics first began in 1846. While it stayed very small, it did experience a resurgence after World War Two. This resurgence was mostly due to the vast array of war crimes committed by the Nazi?s with such tortures as human testing and mass murders. In the 1960?s, the United States had to give death a legal definition. Because of new life support technologies such as heart-lung machines and the lack of dialysis machines, people could now be kept alive artificially. If people weren?t keeping their selves alive, were they really alive at all? Whenever a new medicine or technology is developed for use in the health care community, bioethical questions are raised and answers are demanded and debated, and hopefully answered eventually. In past months, there has been much heated debate over many issues that bioethics encompass. The use of reproductive enhancing fertility drugs (viagra and hMG?s (human menopausal gonadotropins)) has recently been all over newspapers and television due the sudden outbreak of multiple births and cures for impotence. This new advancement in medicine has led to the questioning of the ethical issues surrounding such technologies. Some religions do not allow for such drugs to be used, and some do not believe that it is ?God?s will? to have children unless the person is naturally fertile. Many environmentalists see these new drugs as the end of humankind because of the damage that overpopulation will cause. The debate over fertility drugs is almost as heated as the discussion over abortion. Contraceptive devices have always been a source of disagreement for people since many hundreds of years ago. Up until the 1800?s, abortion was a common practice. In the late 1800?s abortion was criminalized until 1973, when the historic Rowe versus Wade case made abortion legal practice again. The use of such drugs as the French-developed RU-486, has been questioned by our own country?s Food and Drug Administration.
Subscribe to:
Posts (Atom)