After the American revolution conflicts between the North and South Essay

After the American revolution conflicts between the North and South - Essay Example The southern states majorly depended on cotton growing as their main source of revenue. There, however, existed a range of factories in the north of which most were agriculture based, as grain processing. The economy of the north was diverse with several other factories, apart from agriculture based. The southern states had slavery as the source of labor in their plantations (Jordan xii). This was among the issues that exacerbated the south with their northern counterparts. While the southern plantation owners embraced slavery, the north had it declared as an odd institution. The north and south had divergent economic interests. This difference possibly triggered the enmity that, among other factors, promoted the civil war. There was a notable difference in the labor forces between the north and south. The north consisted of a majority of skilled workers that made the labor market competitive while the south mainly used semiskilled and manual labor. There were high tariffs in the north, contrary to the south where there were low tariffs. The high tariffs shielded to the industries in the north from competition. The north and south had differences including their locations of land in the continent. While the northern states fall in the northern hemisphere, the southern states have their situation in the southern hemisphere. The demographics of the north and south showed explicit differences. The northern population was higher than the southern given the surge of people in the north, who worked in the factories. The immigration, therefore, escalated the population of the north. Differences over land issues were among the significant causes of the historic civil war. The union states (from the north) wanted their southern counterparts (confederate states) to surrender their large plantations for the building of industries and factories. The southern states, however, were reluctant to give in to such forces. This triggered a land conflict between the north and

Leadership Styles Management Essay Example for Free

Leadership Styles Management Essay → Production-centered managers – set rigid work standards, organized asks down to the last detail, prescribed work methods o be followed and closely supervised their subordinates work → Employee-centered managers – encouraged subordinate participation in goal setting and in other work decisions and helped ensure high performance by inspiring trust and respect most effective leadership Most effective leaders were those who had supportive relationships with their subordinates, tended to use group rather than individual decision making, and encouraged their subordinates to set and achieve high performance goals. Managerial Grid (Blake and Mouton Studies) developed by Robert Blake and Jane Mouton identifies 5 different types of management behaviors based on the various ways that task-oriented and employee-oriented styles can interact with each other Style 1,1 (impoverished management) – low concern for people, low concern for tasks or production laissez-faire management – leader abdicates his or her leadership role Style 1,9 (country club management) – high concern for employees, low concern for tasks Style 9,1 (task or authoritarian management) – high concern for production and efficiency, low concern for employees Style 5,5 (middle-of-the-road management) – an intermediate amount of concern for both production and employee satisfaction Style 9,9 ( team or democratic management) – high concern for both production and employee morale and satisfaction ; most effective leadership behavior Hi. Alam kong FC ako sa ginagawa ko pero di ko na talaga matiis eh. Haha. Sorry kung na-intrude ko ang privacy mo dito sa FB. Masyado lang kasi akong na-mesmerized dun sa story mong ICH Book 1. Di ko nga alam kung gagamit ako ng po at opo o tatawagin kitang Ate habang tinatype ko to.Haha. Kahit hindi ako nagcocomment sa updates mo (sorry po, tinatamad kasi akong gumawa ng account doon :D), gusto ko lang sabihin na nagustuhan ko yung plot ng story mo at grabe ang kaba ko habang papalapit na ako sa ending. Kahit ending na sya, naramdaman ko pa rin yung thrill. Hindi nakakasawang ulit-ulitin. Noon pa, curious na talaga ako sa identity mo pero may hint na ako na sa UP ka nag-aaral dahil dun sa jeepney ekek na nasabi mo. :3 Curiousity killed the cat but satisfaction brought it back. Wala lungs trip ko lang po isingit to. Mehehehe. Nakita ko po kasi yung link para sa FB account mo kaya ni-click ko na. XD First time kong mag-message sa isang writer ng story kaya pagpasensyahan mo na ako kung mukhang walang sense itong na-type kong message. Wahaha. Yun lang, byebye. =) FC ako, SORRY po ulet. :)))) System 4 Management Rensis Likert, incorporating the basic style categories of task orientation and employee orientation, devised his own model of management effectiveness. Four Leadership Systems System 1 characterized as exploitive and authoritative Managers make all work-related decisions and order their subordinates to carry them out. Failure to meet the managers goals results in threats or punishments. Managers have little trust or confidence in subordinates. Subordinates fear the managers. System 2 benevolent authoritative Subordinates who meet or exceed the managers goals may be rewarded. Managers have a condescending attitude toward their subordinates and subordinates are cautious when dealing with their managers. System 3 consultative Managers set goals and issue general orders after discussing them with subordinates. Subordinates can make their own decisions about how to carry out their ttasks. Rewards are used to motivate subordinates. Subordinates feel free to discuss most work-related matters with their managers, who, in turn, feel that to a large extent subordinates can be trusted to carry out their tasks properly. System 4 participative Likerts final and most favored management style Goals are set and work-related decisions are made by group. To motivate subordinates, managers not only use economic rewards but also try to give their subordinates feelings of worth and importance Performance standards exist to permit self-appraisal by subordinates, rather than to provide managers with a tool to control subordinates. Interaction between managers and subordinates is frank, friendly, and trusting. Low productivity → Systems 1 and 2 styles High productivity → Consultative or Participative leadership style System 4 management → desirable management in a wide variety of work situations High in consideration Lowest turnover rates Highest employee satisfaction Low in consideration High in initiating structture High grievance and turnover rates

Influence of the Spanish on Puerto Rican Society :: Puerto Rico History Historical Essays

Influence of the Spanish on Puerto Rican Society In the histories of Colonial Latin America there is one common aspect and that is the importation of slaves as a labor force. The resulting consequences for the territory are vital if we are to understand the development of the society. In Puerto Rico these consequences deal mainly with African influence on the peasantry, the corrective measures taken thereafter to negate the African influence, and the results of these corrective measures. The Tainos, the natives of Puerto Rico, were extensive agriculturalists as well as a highly organized people. They developed techniques, such as irrigation, which was new to agriculture and at the same time increased the productivity of their crops, like the yuca their main staple. Another unique feature to the Taino society was the relationship between man and woman. The Taino’s gender roles were markedly different from those of the European nations. For example the matrilineal arrangements allowed both men and women to become the chiefs of their respective villages. Spanish settlers were critical, upon arrival, of the Taino lifestyle. Unfortunately Taino influence is rarely felt due to their rapid demise. Although the natives of Borikà ©n were Taino, it is argued that the first Puerto Ricans were black Puerto Ricans. Spanish occupation virtually eliminated Native influences by the way of the decimation of the people as a result of disease brought across the atlantic by the Spanish settlers. In this way the Taino were minimally influential in forming a new cultural identity. â€Å"The descendants of the first African slaves had already become black Puerto Ricans†(Gonzà ¡lez 10) when Spaniards from the canary islands arrived to replace those who had left in search of riches in Peru and Mexico. For this reason it is feasible to accept the notion â€Å"that the Puerto Ricans were in fact black Puerto Ricans.† (Gonzà ¡lez 10) The African presence was more of a factor in the formation process of the Puerto Rican identity. Of the massive numbers of slaves who survived the voyage there were those who were fortunate enough to escape into the hinterland. Here they found refuge from the hardship of plantation labor along with the opportunity to join the peasantry that also searched for refuge. The jà ­baros â€Å"used the broken topography of the interior as an ally in its struggle with the expanding sugar plantations† (Scarano 6) This intermixing of the two cultures forged several similarities.

Killing Without Emotions

Shaharyar khan Michael Miller CW 1 Date: 05/02/13 Killing Without Emotions â€Å"In World War Two it is fact that only 15 to 20 percent of the solider fired at the enemy. That is one in five soldiers actually shooting at a Nazi when he sees one. † (Frisbee Jr) This surprising fact clearly indicates how hard it is to kill without emotions. The guilt or the feeling one gets after he has killed somebody is the worst feeling of his/her life. This fact also indicates our human nature. Emotions are the essential and necessary part of humans. In one way, humans are differentiated from animals and emotionless machines.This human nature of ours makes us think or stops us in order to kill without emotions. When humans are hardwired to be empathetic and compassionate not to kill, it is hard to understand why there is so much killing in the world? How, with empathy and compassion, can people kill? They must override their emotions with stronger emotions of hate and notions of purpose base d on their beliefs. In the following paragraphs will present few examples that will indicate why and how some people override their emotions with stronger emotions based on their purpose.A common example of this is of a suicide bomber. So how these suicide bombers are formed or what is the psychology involved behind suicide bombing. . Often the suicide bombers arrested in Pakistan are usually teenagers and are from a poor background. They are usually kidnapped on their way to school or madraassa (religious school) and then brainwashed. Research and Today’s media reveals that suicide bombers using their religion as a shield justifies what they are doing are right.During brainwashing they are kept isolated and given misleading information on the name of the religion. They are told by the corrupt religious leaders that killing of the non Muslims are justified according to their religion. In addition to this they are also told that dying in the name of their religion will earn th em the rank of a martyred. They are also brainwashed that they will earn a high rank in the heavens and rivers of milk and honey and beautiful virgins await. (Yusufzai and Jamal). They are offered high price to get the job done.They are assured that their family will live wealthy life after their job is done. Almost 90% of the suicide bombers are normal humans but, after knowing the position they can earn by dying in the name of their religion, change their emotions to kill hundreds of innocent humans. From this above example it can be concluded that they simple overcome their emotions with stronger emotions of earning high rank in Heavens by dying in the name of the religion, securing the lives of their family and obeying the orders of God.Another type of the people who override their emotions to kill are the soldiers. Soldiers override their emotions for certain reasons that they learn during the training. During the training there are told that they are the protectors of the land . The lives of their families and their countrymen depend on them. Moreover, they are trained with the fact that what they are doing is right and justified and God is with them. The training for the soldiers keeps on the changing with time to time. The soldiers are given complete training/ practicing area. The soldiers are desensitized by making them shoot at human shaped paper targets, drill and then to moving targets and pop up targets look kind of human shape making their response automatic and focused†. (Dwyer). The training areas includes all kinds of difficult pathways, underground tunnels and sudden appearance of the human shaped targets which they have shoot at and take them down. They are also congratulated on their first kill which increases their confidence to override their emotions more easily â€Å"In addition to this there are addressed directly making them believe that they actually have to kill. (Robinson). â€Å"Often a times the present the enemies in way that does not even feel like a human; for instance they will call their enemies by those names that even don’t look familiar. Names like â€Å"gook† who knows what is gook? It does not sound like a human or a person. Half of the desensitizing and dehumanizing is made easier in presenting a person that does not even to our class or kind. In addition, saying that God is with us, we are fighting for the sake of our country and the people and God is proud of us.A lot of killing is made easier in this for the soldiers presenting these as a reason. † (Pomerantz) So, with this kind of training and lessons of patriotism being given to the soldiers makes it easier to override to their emotions. In the conclusion I would restate again that killing without emotions is really hard unless you have you don’t overcome your emotions. It takes a lot of nerve and heart to kill without emotions. Works cited Dwyer, Gwynne. â€Å"Soldiers trained to kill and post-traumatic ps ycho-babble. Thuppahi's blog, 29 April 2011. Web. Web. 18 Feb. 2013. Yusufzai, Asfaq, and Amna Nasir Jamal. â€Å"Teenagers recruited, trained as suicide bombers. †Ã‚  Central online Asia. N. p. , 11 04 2011. Web. 18 Feb 2013. Robinson, Steve. â€Å"The impact of killing and how to prepare the soldiers . †Ã‚  Frontline. Frontline, 01 Mar 2001. Web. 18 Feb 2013. Pomerantz, Andrew. â€Å"The impact of killing and how to prepare the soldiers . †Ã‚  Frontline. Frontline, 01 Mar 2001. Web. 18 Feb 2013.

Martin Luther and the Protestant Reformation Essay

Martin Luther is credited for starting the Protestant Reformation by declaring the corruption he saw in the Roman Catholic Church. By standing firm in his faith and openly going against the church, he’s able to get the people thinking for themselves and discovering the truth of their leaders and religion. Martin Luther was born November 10, 1483 in Eislenben, Germany, to copper miner Hans and peasant Margaretha Luder. Living in poverty, his father is set on Luther becoming a lawyer for higher income and family honor. In 1501, he enrolled at Master of Arts in Erford, and received his Bachelor’s degree in 1502 and Master’s in 1505. He then enrolled to the law school. In 1505, he’s caught in a thunderstorm and asks God for deliverance. Since he lived through the fright, he then devotes himself to God, dropping out of law school and joining the monastery, although against his father’s orders. While searching for personal salvation, Luther took his spiritual growth very seriously and often times punished himself. He spent most hours praying and confessing. Through this, he began to notice his frequent and awful sins. He was told to follow after academics which he then taught theology at the University of Wittenberg. On October 18, 1512, he is given a Doctorate in Theology. In 1513, he studied Psalm 22 and gained enlightenment. He realized, as Paul said, â€Å"The just will live by faith,† and that salvation comes with solely faith and not religious works or practices. Luther’s knowledge of the Scriptures and his analytical mind caused him to see the power-hungry church leaders’ corruption. A major issue Luther saw was the selling of indulgences which were ways to get people of the church to pay for prayers and salvation. The Roman Catholic Church used these indulgences to put fear into their followers and money into their own pockets. Along with that complaint and others, Martin Luther nailed the 95 Theses to the church door on October 31, 1517. Within two weeks, the news of his rebellion spread through Germany and throughout Europe in two months. The Johannes Gutenberg Printing Press played a vital role in this expansion. Within days, many copies of the news was made and sent out. This gave the people of the church and of the nations concrete evidence of their leaders’  corruption. Soon, the fear of the people faded and so did the church’s power. In 1520, Luther is threatened with excommunication from the church. In January of 1520 he is excommunicated and named as a heretic. In April of 1521, the Diet of Worms met and Luther is questioned about his act. He is told to recant but he refuses to do so unless the Scriptures would have him do otherwise. In 1522, Luther translates the New Testament to German where again, the printing press made it available to society. He also formed his own church, Lutheranism, and teaches his practices and gains followers. On June 13, 1525, he married former nun Katharina von Bora and went on to have six children together. As time goes on, he gains many health problems and dies at the age of 62 on February 18, 1546. Through personal enlightenment and rebellion, Martin Luther started the transformation of the Christian church and many of its practices today. By refusing the deception of the church, he leads a revolt against the church and sets the example of strong, unshakable faith. Luther’s impact on religion didn’t stop in the 1500s, and is still standing firm and modeling the religion of society now.

Free Essays on Driving in the Snow

Thesis: Although it can be done, driving in the snow is a dangerous and difficult process. Driving during sever winter weather conditions can be demanding. And how you handle your vehicle in those conditions could be the difference between a safe trip and serious trouble. Not all cars are alike. To become familiar with your vehicle’s winter weather operating characteristics, it is recommended that practicing slow-speed maneuvers on an empty snow or ice-covered parking lot. It is also suggested that the owner should read the owners manual for information on equipment and handling characteristics. The following are things to consider while driving in winter weather conditions. Front, rear, four or all-wheel drive Become familiar with what wheels are given power in your vehicle. Front-wheel-drive vehicles generally handle better than rear-wheel-drive vehicles on slippery roads because the weight of the engine is on the drive wheels. The back end of rear-wheel-drive cars tends to lose traction and slide side-to-side during turns on icy roads because there is little weight on the drive wheels. Many vehicles today are equipped with four, or all-wheel drive, which helps maintain traction in difficult conditions. However, drivers of four-wheel drive vehicles should avoid becoming over confident. Four-wheel-drive does not make the car brake any better. Braking A vehicle’s braking system also determines how motorists should operate their cars in winter weather. Anti-lock braking systems (ABS) provide significant stopping advantages on slick roads, but are only effective if properly used. When stopping a vehicle with ABS in slippery conditions, motorists should apply steady pressure to the brake pedal. The ABS automatically pumps the brakes to keep the wheels from locking up, preventing skids and loss of control. Do not take your foot off the brake pedal if you hear or feel chatter. This means the ABS system is working properly... Free Essays on Driving in the Snow Free Essays on Driving in the Snow Thesis: Although it can be done, driving in the snow is a dangerous and difficult process. Driving during sever winter weather conditions can be demanding. And how you handle your vehicle in those conditions could be the difference between a safe trip and serious trouble. Not all cars are alike. To become familiar with your vehicle’s winter weather operating characteristics, it is recommended that practicing slow-speed maneuvers on an empty snow or ice-covered parking lot. It is also suggested that the owner should read the owners manual for information on equipment and handling characteristics. The following are things to consider while driving in winter weather conditions. Front, rear, four or all-wheel drive Become familiar with what wheels are given power in your vehicle. Front-wheel-drive vehicles generally handle better than rear-wheel-drive vehicles on slippery roads because the weight of the engine is on the drive wheels. The back end of rear-wheel-drive cars tends to lose traction and slide side-to-side during turns on icy roads because there is little weight on the drive wheels. Many vehicles today are equipped with four, or all-wheel drive, which helps maintain traction in difficult conditions. However, drivers of four-wheel drive vehicles should avoid becoming over confident. Four-wheel-drive does not make the car brake any better. Braking A vehicle’s braking system also determines how motorists should operate their cars in winter weather. Anti-lock braking systems (ABS) provide significant stopping advantages on slick roads, but are only effective if properly used. When stopping a vehicle with ABS in slippery conditions, motorists should apply steady pressure to the brake pedal. The ABS automatically pumps the brakes to keep the wheels from locking up, preventing skids and loss of control. Do not take your foot off the brake pedal if you hear or feel chatter. This means the ABS system is working properly...

Foreign Direct Investment The WritePass Journal

Foreign Direct Investment Foreign Direct Investment IntroductionPolitical Perspectives  Theories of Foreign Direct Investment Impacts of FDI on Host Country EconomiesImportance of FDI Foreign Direct Investment in Emerging Economies Examples of Foreign Direct Investment ConclusionReferencesRelated Introduction Foreign direct investment (FDI) occurs when a foreign investor exerts direct control over domestic assets. It normally consists of an international capital flow from the home country to a host country for the purpose of acquiring partial or full ownership of tangible business activity. Technically, it is the book value of the equity held by the foreign investor that is attached to the asset. In most cases, the asset is a firm in a developed country, such as the United States, and the equity consists of two components: ordinary (common stock) and retained earnings. If both foreign and domestic investors own the common stock, then only a portion held by foreign investors is considered to be FDI, and if only a threshold percentage is attained, that is deemed to give the foreign investor control of the business. In the United States, this threshold is 10%, but some countries establish a higher minimum level of stock ownership, usually 25% (Aliber 2003, pp. 91). Foreign investment can take place in two ways: Foreign investors can establish new firms overseas, which they control, or foreign investors can acquire controlling interests in the previously established domestic firms, or spin-offs of such firms. FDI as a vehicle of transnationalization is a major contributor of economic development. Transnational corporations (TNCs) act as significant transmitters of economic, social, cultural, and political change into different countries, sectors, and motivations. TNCs take advantage of geographical differences in the distribution of factors of production (natural resources, capital, labor, etc.) and local policies (taxes, trade incentives, subsidies, etc.). Other than FDI, TNCs engage in various kinds of collaborative ventures by which they coordinate and control transactions within geographically dispersed production networks (Borensztein et al. 2008, pp. 115). Resulting from these ventures, the global economy is envisaged as linking together t wo sets of networks: (1) Organizational (in the form of production circuits and networks) and (2) Geographical (which include localized clusters of economic activity). Political Perspectives Since FDI requires the flow of capital across national borders, it has always been intertwined with politics. Viewed in this way, three different political perspectives to FDI can be identified: radical view, free market view, and pragmatic nationalism. The radical view, which can be traced back to Marxism, treats FDI as a vehicle for exploitation of domestic resources, industries and people. Those governments who hold a radical view are hostile to FDI and therefore are in favor of nationalizing foreign firm assets or putting into place mechanisms to discourage inbound foreign firms operations (Braconier et al. 2005, pp 313). The free market view, on the other hand, is more in favor of FDI and promotes its rationale not least because it enables countries to tap into their absolute or comparative advantages by specializing in the production of certain goods and services. According to the free market view, FDI can be regarded as a win-win situation for both home and host countries. Whi le prior to and during the 1980s the radical-based view FDI was more common in Africa, Asia, Eastern Europe, and Latin America, the free market-based FDI is now more influential across the world and in particular in emerging economies such as Brazil, India, and China (Braunerhjelm 2005, pp. 119). Finally, the third view, which reflects the current dominant perspective toward FDI and is practiced by most countries around the world, is called pragmatic nationalism. Based on a pragmatic nationalism political view, FDI is only approved when its benefits outweigh its costs. For example, this view holds that FDI in the Chinese auto industry should only take the form of a joint venture (JV). By adopting such restrictive policies, the Chinese government helps the domestic auto industry learn from their foreign counterparts (Buckley and Hashai 2004, pp. 61).    Theories of Foreign Direct Investment There are several theories that attempt to account for foreign aid. The prevailing ones include Dunnings eclectic approach and the product cycle. John Dunnings eclectic paradigm emphasizes the critical role of geographical location in understanding the complex nature of TNC behavior. The location aspect, as encapsulated in this theory, suggests three primary motivations: (1) foreign-market-seeking FDI, (2) Efficiency (cost reduction)-seeking FDI, and (3) resource-seeking or strategic-asset-seeking FDI. In general, a firms motivations to be transnational can be classified into two categories: (1) Market orientation, which pertains to marketing, sales, or production designed to serve a specific geographical market, and (2) Asset orientation, when most of the assets required by a firm to produce and sell specific goods and services have an uneven geographic distribution, especially in the natural resources industry. For a TNC to invest successfully abroad, it must possess advantages that no other firm has, the country it wishes to invest in should offer location advantages, and it must be capable of internalizing operations. Internalization tends to become synonymous with the ability of firms to exercise control over operations essential for the exploitation of ownership and location advantages (Yeung 2007, pp. 1). Raymond Vernon introduced the â€Å"locational† aspect to the product life cycle concept, which in the original form had no spatial connotation. First advanced in the mid 1960s, it emanated from the premise that the United States possessed comparative advantage in product innovation. To maximize production flexibility and minimize uncertainties in the early stages of a products life cycle, firms develop innovations for and introduce them to large high-income domestic markets but eventually set up foreign production facilities in other advanced economies to defend their monopolistic advantages resulting from an innovational lead. This also happens because, as products become more standardized, they get more price sensitive and firms turn to low-cost less developed countries (LDCs) to maximize profits. Vernon describes the phases as revolving around product development, product growth, product maturation, and product standardization. Impacts of FDI on Host Country Economies However, not all FDI is always in the best interest of the host country. Some nations have been increasingly viewing TNCs as a threat to economic autonomy. At times, they tend to be responsible for exerting negative influences on the host economy, for example, crowding out domestic firms and suppressing domestic enterprises. Profit maximization is inherently linked with maximization of efficiency and not necessarily with national, economic, and social goals. From the perspective of TNCs, various decisions have to be taken that can affect their effective working in the country- mainly since they operate in different economic, political, social, and cultural environments (Trevino and Upadhyaya 2003, pp. 45). A lot is said as to why firms choose to transnationalize rather than simply export their products. Two of the reasons commonly cited are that (1) Competition is extremely global and volatile and (2) It creates an environment wherein advantages are rapidly created and eroded. Firms increasingly compete not with rivals on a national level but across the globe. Higher sales and profits result from foreign subsidiaries because domestic markets, where the company started, tend to get saturated over time and it is fruitful to conquer foreign markets with more potential consumers than in the home country. The information technology revolution, which began in the United States in the 1980s, was an important source of structural change in the international economic and business environment affecting FDI. There was a sudden upsurge in asset-seeking direct investment in the United States. Foreign companies, chiefly European, were responsible for a gamut of mergers and acquisitions with U.S. companies- primarily with those possessing advanced technology or marketing prowess. The size and growth of the U.S. and Chinese markets have made these countries primary destinations for foreign companies using FDI as a stimulus for profits (Graham Marchick 2006, pp. 277). Importance of FDI FDI has been known to provide a longer-term contribution to GDP and income growth, as against bank loans and portfolio investments. The long-term perspective of FDI makes it relatively less volatile. FDI is considered to be an important carrier facilitating the spread of technology and is said to contribute to growth in a much wider way than domestic investment. The contribution of FDI is enhanced due to the interactions with human capital in the host country (Dunning Gugler 2008, pp. 113). Furthermore, FDI is said to expand the level of know-how in the host country through training and skill acquisition. Summarily, the four basic reasons why companies establish subsidiaries in foreign countries are (1) Gaining access to natural resources, (2) Protecting or expanding sales in lucrative markets, (3) Seeking low-cost production, and (4) Acquiring strategic assets. The United Nations, the European Union, and Japan have been the main sources and recipients of FDI for the past several decades. From 1998 to 2000, these three units together accounted for 75% of global FDI inflows. In totality, a countrys climate for FDI is built by factors such as relatively accommodative government policies- covering trade barriers and regulation of capital inflows; quality of governance; political stability; presence of laws and regulations; macroeconomic, fiscal, monetary, and industrial policies; and quality of infrastructure. Foreign Direct Investment in Emerging Economies The United States continues to be the largest FDI host country, with about US$2791.3 billion in 2007. The outward investment position increased to US$336.6 billion. Among the outward investments, about US$16.1 billion (3.1%) went to Ireland and US$4.2 billion (3%) to Singapore. Chart 1.1 China’s total foreign investments inflows According to U.S.-China Business Council, among emerging economies, Chinas role as an investor country has been highlighted in the past few years. By 2004, China was the eighth most favored FDI source among developing countries. The liberalization of Chinese FDI policy in 1992 led to increased Chinese outward direct investment (ODI). The growth in Chinese ODI policy developments was driven by cautious internalization, government encouragement, expansion and regulation, implementation of a â€Å"go global† policy, and heightened domestic competitive pressures, which led to the opening up of protected industries and markets to foreign and domestic competitors (2008, pp. 81). A comparative advantage as a manufacturing hub and a firm-specific advantage such as state-ownership of a large part of an industry further stimulate this growth. Chinese ODI has been positively associated with Chinese exports to the host country (the former promoting the latter), a moderate demand of inflation, and rising levels of political risk in the host country. A distinctive feature that remains with China as against other emerging economies is that many of its multinational enterprises remain in state hands, although corporatized to focus on commercial objectives. Table 1.2 Top 10 FDI inflows. Chinas overall FDI inflows stood at US$82.7 billion, an increase from US$69.47 billion. The top 10 FDI inflows were mainly from Hong Kong, the British islands, South Korea, Japan, Singapore, and the United States, amounting to about US$3 billion in 2006 and about US$2.62 billion in 2007. According to the Ministry of Commerce (MOFCOM) of the Peoples Republic of China, the outbound nonfinancial FDI for the first half of 2007 reached US$7.8 billion, while for the full year in 2006; it was US$21.2 billion. Of this, 86% was provided by central government sources. Most of Chinas ODI flowed to 172 destinations, which included Latin America and Asia. In India, the overall record of macroeconomic stability, a sizable domestic market, and a relatively high degree of political stability has attracted large volumes of FDI. The foreign investment in India during 2007–2008 was driven by FDI and portfolio investment inflows. FDI inflows in India increased from US$9.17 billion in 2005–2006 to US$22.95 billion in 2006–2007 and US$34.92 billion in 2007–2008. India emerged as the second most favored FDI destination after China in 2005 and 2006. During these years, investments through Mauritius remained the largest component, followed by Singapore, the United Kingdom, and the Netherlands. Inflows from the United States stood at the sixth position at US$3.46 billion in 2005–2006, US$7.06 billion in 2006–2007, and US$4.86 billion in 2007–2008. Sectorwise, these inflows were mainly directed to financial services, construction, and manufacturing. On the other hand, ODIs from India increased from US$13.5 billion during 2006–2007 to US$17.9 billion during 2007–2008 and flowed mainly into the manufacturing sector (Dicken 2007, pp. 191). Within the European Union, Ireland is fast emerging as the most FDI-intensive economy in Europe and a global competitor to RD investment. Since the 1990s, Irelands economic development policies, which have encouraged Greenfield investments by foreign companies in manufacturing and service sectors so as to produce output for export markets, and the establishment of upstream linkages between foreign and indigenous companies and the creation of industrial clusters with them have stimulated an export-led growth of the manufacturing sector. In Singapore, another emerging FDI destination, the total ODI was recorded at US$406.7 billion in 2005 and US$484.1 billion in 2006. Financial services and manufacturing have been major draws for Singapore companies venturing abroad. In 2005 and 2006, Singapore invested about US$9.8 billion and US$8.5 billion in the U.S. market. The FDI inflow in Singapore was at US$323.8 billion and US$363.9 billion, the FDI inflow from the United States alone constit uting about 10% of this inflow. The current scale, proliferation, and importance of collaborative ventures between firms across boundaries have brought out the significance of transnational strategic alliances between firms (especially competing firms). Strategic alliances are formal agreements between firms to pursue specific strategic objectives in order to enable them to achieve specific goals. It involves sharing of risks and rewards. For RD ventures, for example, cooperation is limited to research into new products and technologies, while manufacturing and marketing remain the responsibility of individual firms (Cohen 2007, pp. 171). Globalization, technological advances, and the emergence of new players have propelled a change in FDI movement. Globalization, by removing most of the natural and artificial barriers to cross-border information flows and transactions, has widened locational choice options for firms. By lowering transport, communication, and distribution costs, technological advances have helped overcome many obstacles to overcome space. Examples of Foreign Direct Investment Venture capital, seed capital, and other types of direct investment play an important role in the development of nanotechnology by providing the funding for entrepreneurs to develop commercial products based on the nanotechnology, and establish themselves as for-profit businesses. As of June 2009 the Website www.nanotech-now.com listed over 100 funding sources for nanotechnology businesses. An example of a seed capital firm is MMEI (Molecular Manufacturing Enterprises Incorporated), a privately held corporation that provides funding at the early stages of product development in molecular nanotechnology: for example, in developing a laboratory-bench model into a working prototype that could be used to attract venture capital. A different type of service is provided by Silicon Valley Nano Ventures: they help make connections between investors and businesses and charge fees for successful transactions that may include a percentage of the transaction and/or stock or options in the compan y. Foreign direct investment (FDI) is increasingly important in the global economy, but the term denotes more than simply a direct investment made by a foreign investor. Specifically, FDI refers to a case of a company in one country establishing an enterprise in another country- such as Coca-Cola opening a plant in Mexico, Volkswagen opening a factory in Detroit, Intel opening a chip fabrication plant in Taiwan, and so on. Foreign direct investment is a vital part of the economic relationships between countries, and in particular can be a key to attract for developing or industrializing countries. Though the largest amounts of capital are involved in direct foreign investment among the industrialized countries (or â€Å"Global North†), direct foreign investment from industrialized countries to developing countries (or â€Å"Global South†) is a matter of constant discussion among international bodies like the World Trade Organization, and is seen as (at least potentially) a beneficial arrangement for both sides (Aliber 2003, pp. 94). Typically, the subsidiary established by a foreign direct investor is a factory or other manifestation of the foreign companys global presence, but it can include real estate holdings (and often does, in the case of businesses in the hotel and hospitality industry) and businesses unrelated to the foreign companys ordinary business. Foreign ownership may not always be apparent to the public. In the United States, the public is generally not aware that national supermarket chains and major breweries are owned by foreign-based multinational corporations. Because foreign direct investment involves money coming into a nations economy from outside, there are often incentives offered by the local government to encourage it, particularly when the FDI does not pose a competitive threat to domestic industry. There may be tax incentives, special regulatory exceptions, or subsidies provided for job training in order to create domestic jobs and disincentives the importation of foreign employees or infrastructure subsidies (Cohen 2007, pp. 176). Singapore provides a good example of a government successfully attracting FDI to develop commercial nanotechnology. Singapore is a small and densely populated Asian nation with a strong central government and a high standard of living, but has not historically been known as a center of scientific innovation. In order to overcome this handicap and create a biotechnology industry able to compete with the United States and Europe, the Singapore government has been involved in establishing biomedical science centers since the 1980s, including the Institute of Bioengineering and Nanotechnology, whose current research projects include developing nanocomposite materials for solar cell applications and nanofoams to be used in human bone replacement and repair. Singapore has been successful in attracting foreign investment in these centers, in part through the provision of financial incentives, a strong infrastructure, regulatory policies that favor business and the availability of a well-edu cated workforce. Among the companies who have invested in the biomedical industry in Singapore are GlaxoSmith-Kline, Schering-Plough, Merck, Genencor, AstraZeneca, and Bristol Myers Squibb. Conclusion Foreign direct investments is a long-term capital flow or investment in which a non-resident entity has significant management control of voting stock (10% or more) over an enterprise in a foreign or host country. Unlike short-term capital flows, foreign direct investment (FDI) is not immediately susceptible to reversibility. The bulk of FDI activities in developing countries are undertaken by multinational or transnational corporations. A transnational corporation is a firm that is head quartered in a home country but controls assets of enterprises that are central to its profitability in foreign or host countries. References Aliber, R. (2003), the multinational paradigm. Cambridge: MIT Press, pp. 91-98 Borensztein, E., De Gregorio, J. , and Lee, J.-W. (2008), How does foreign direct investment affect economic growth? Journal of International Economics vol. 45 pp. 115–135 Braconier, H., Norback, P., and Urban D. 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