List of the Largest Cities in India

List of the Largest Cities in India India is one of the largest countries in the world, with a population of 1,210,854,977  as of the  countrys 2011 census, which predicts that the population will rise to higher than 1.5 billion in 50 years. The country is formally called the Republic of India, and it occupies most of the Indian subcontinent in the southern portion of Asia. It is second in total population only to China. India is the worlds largest democracy and is one of the worlds fastest-growing countries. The country has a fertility rate of 2.46; for context, a replacement fertility rate (no net change in a countrys population) is 2.1. Its growth is attributed to  urbanization and increasing levels of literacy, though it  is, however, still considered a developing nation.   India covers an area of 1,269,219 square miles (3,287,263 sq km) and  is divided into 28 different states and seven union territories. Some of the capitals of these states and territories are the largest cities in both India and the world. The following is a list of the top 20 largest metropolitan areas in India, as of the countrys 2011 census.   India's Largest Metropolitan Areas 1) Mumbai: 18,414,288State: Maharashtra2) Delhi: 16,314,838Union Territory: Delhi 3) Kolkata: 14,112,536State: West Bengal 4) Chennai: 8,696,010State: Tamil Nadu 5) Bangalore: 8,499,399State: Karnataka6) Hyderabad: 7,749,334State: Andhra Pradesh7) Ahmedabad: 6,352,254State: Gujarat8) Pune: 5,049,968State: Maharashtra9) Surat: 4,585,367State: Gujarat 10) Jaipur: 3,046,163State: Rajasthan11) Kanpur: 2,920,067State: Uttar Pradesh12) Lucknow: 2,901,474State: Uttar Pradesh13) Nagpur: 2,497,777State: Maharashtra 14) Indore: 2,167,447State: Madhya Pradesh15) Patna: 2,046,652State: Bihar 16) Bhopal: 1,883,381State: Madhya Pradesh 17) Thane: 1,841,488State: Maharashtra 18) Vadodara:  1,817,191State: Gujarat 19) Visakhapatnam:  1,728,128State: Andhra Pradesh 20) Pimpri-Chinchwad: 1,727,692 State: Maharashtra India's Largest Cities Proper When city population does not include the outlying metropolitan area, the ranking is slightly different, though the top 20 are still the top 20, no matter how you slice it.  But its useful to know if the figure youre searching for is the city itself or the city plus its suburbs and which figure is represented in the source you find.   1) Mumbai:  12,442,373 2) Delhi:  11,034,555 3) Bangalore:  8,443,675 4) Hyderabad:  6,731,790 5) Ahmedabad:  5,577,940 6) Chennai:  4,646,732 7) Kolkata:  4,496,694 8) Surat:  4,467,797 9) Pune:  3,124,458 10) Jaipur:  3,046,163 11) Lucknow:  2,817,105 12) Kanpur:  2,765,348 13) Nagpur:  2,405,665 14) Indore:  1,964,086 15) Thane:  1,841,488 16) Bhopal:  1,798,218 17) Visakhapatnam:  1,728,128 18) Pimpri-Chinchwad:  1,727,692 19) Patna:  1,684,222 20) Vadodara:  1,670,806 2015 Estimates The CIA World Factbook lists more current estimates (2015) for the five largest metropolitan areas:  New Delhi  (capital), 25.703 million; Mumbai, 21.043 million; Kolkata, 11.766 million; Bangalore, 10.087 million; Chennai, 9.62 million; and Hyderabad, 8.944 million.

Philosophy Essay Example | Topics and Well Written Essays - 750 words - 2

Philosophy - Essay Example While there is a general dictionary understanding of a gadfly, when examining the lives of Socrates, Martin Luther King, and Malcolm X, one can view their thematic similarities and come to understand the definition of gadfly incarnate. In these regards, all men share a similar propensity towards upsetting the status quo. In the case of Socrates it was through his influence on the Athenian youth that upset the upper level powers that ultimately put him to death. In the instances of Dr. King and Malcom X they work towards upsetting the status quo through fighting, albeit in different ways, for equal rights. In letters from a Birmingham Jail, Martin Luther King Jr. speaks of a creative tension that must exist for true social progress to occur. In discussing this creative tension, King has been addressing criticism he has received for protests in which took part in with which he has been imprisoned for. The general theme of his letter is addresses the reasons for this non-violent protest . When he reaches the part that refers to creative tension, he is actually referring to the necessity of protest to bring individuals to the negotiating table. This is in essence the creative tension that king is referring to; it is not a violent way of sparking negotiation or change, but a non-violent yet direct means of creatively producing tension in the social environment so that political powers will take notice and engage in meaningful discussion. C) Creative tension is demonstrated in both the lives of Socrates and Martin Luther King Jr. As is noted above, Martin Luther King’s understanding of creative tension is non-violent protest that leads to the implementation of social change. In ‘Letters from a Birmingham Jail’ King brilliantly elucidates his stance on this issue as he demonstrates the reasons behind his engaging in the non-violent protest, One of the basic points in your statement is that the action that I and my associates have taken in Birmingham is untimely. Some have asked: "Why didn't you give the new city administration time to act?" The only answer that I can give to this query is that the new Birmingham administration must be prodded about as much as the outgoing one, before it will act. We are sadly mistaken if we feel that the election of Albert Boutwell as mayor will bring the millennium to Birmingham (King). Here King is demonstrating that the protest was necessary to so that the mayor would agree to negotiate. In Socrates, one sees a slightly different incarnation of creative tension. Both Socrates and Dr. King demonstrate a willingness to challenge society based on a belief that there are aspects of the social order that must be overturned to enact a more fair and balanced means of existence. In the Apology, Socrates states, For know that this is the command of God; and I believe that no greater good has ever happened in the state than my service to the God. For I do nothing but go about persuading you all, old and young alike, not to take thought for your persons or your properties, but first and chiefly to care about the greatest improvement of the soul (Plato 30a). In these regards, Socrates version of creative tension is much more closely linked to a belief in a higher state of consciousness that must be followed rather than the constructs of the social order. While Socrates is speaking to society at large, his message of creative tension is ultimately a more personal one. Socrates is indicating that one should improve their soul and follow this path to genuine existence and knowledge even at the cost of death. D) When considering Malcolm X, one notes that his ultimate goal is similar to Dr. King’s in that both men desire equal rights for the races. With Malcolm X, the main difference is his extremity, as he believes this should be achieved at all costs, even violence. His rational for this is related to historical precedent, as he points to the bloodshed that was lost in the Re volutionary War over achieving equal rights, and argues that similar steps must be

Critical analysis of the report Case Study Example | Topics and Well Written Essays - 1000 words

Critical analysis of the report - Case Study Example 2. The research conducted (and what type of study) An ergonomic study was conducted by National Institute for Occupational Safety and Health (NIOSH) on the rangers of Yellow Stone Park. Several tests were used such as the Rhythmic Test, Tremor Test, and the Vibroactile Test, to determine the reason why the rangers are experiencing musculoskeletal disorders and to find a way to prevent this kind of disorder. The first test used was the Rhythmic test. This test is used to determine the reaction time and coordination on the right and left hands. The rhythmic tests required the participants to tap a circular pad (4–inch diameter) in time with a steady metronome beat (1.0 Hertz [Hz] slow test, 2.5 Hz fast test), either alternating palm side of hand to back of hand (supination/pronation) or tapping with the index finger. At the end of the test administration a numerical coordination index is calculated, which can be compared to the normal coordination index (CI) range provided with the test battery documentation (NIOSH Health Hazard Evaluation Report, Yellow Stone Park, 2001). With this data, the reaction time and hand coordination of the rangers can be easily compared to the normal reaction time index. The difference will determine the effect of the vibrations experienced while riding a snowmobile on hand coordination. The second test used was the Tremor Test. This test used the Tremor 3.0 software for data analysis. The data collected were: (1) Tremor intensity, often called amplitude or vibration power, calculated as the root–mean–square (RMS), measured in meters per second per second (m/s2) of acceleration in the 0.9 to 15 Hz band during the 8–second test; (2) Center frequency, which is the average frequency of acceleration in the test band, so that 50% of the energy that drives the tremor is produced at frequencies above the center frequency and 50% is produced below; (3) Tremor Index, calculated for each hand from five parameters (e. g., tremor intensity, center frequency, standard deviation of the center frequency, harmonic index, and standard deviation of the harmonic index.); and (4) Combined index for both hands (NIOSH Health Hazard Evaluation Report, Yellow Stone Park, 2001). This test measures the vibrations experienced by the rangers in riding the snowmobiles and the intensity of the vibration that will likely cause the musculoskeletal disorder. The third test used is the Vibroactile Sensitivity test. This test was selected to determine the effect of the hand–arm vibration produced by snowmobiles on vibration perception thresholds. The test device used was the Bruel & Kj?r Model 96–27 Vibrometry System. This fully automated system produces a mechanical stimulus (sinusoidal vibration) at a chosen frequency to the pulp of a finger tip; the participant indicates perception of the vibration by means of a hand–held button similar to that used in a hearing test. The software was configured to test vibration at four frequencies: 31.5 Hz, 125 Hz, 250 Hz, and 500 Hz. Participants placed their right arm on an ascending armrest with the palm lying open on a circular pad, allowing the fingers to hang freely above the vibrating post. The test finger was then placed on the vibrating post with the finger slightly curved and resting lightly on the post. Participants controlled the intensity of vibration with the hand–held button, tracking back and forth between levels of stimulus perception and

Classical Theory of International Trade

Classical Theory of International Trade The purpose of this chapter is to review the existing body of knowledge about foreign direct investment and the studies on strategies adopted to attract FDI. It attempts to present a summary of the relevant theories, hypotheses and schools of thought that contribute to the understanding and fundamental motivation of FDI flows. An exploration of these theories will assist in the study and it will support arguments to be used in empirical estimation and discussion. Additionally the aim of this chapter is to review the theoretical approaches to the determinants of FDI, also known as private foreign investment. Various theories have been developed since the World War II to explain FDI. These theories state that a number of determinants both at micro and macro level could explain FDI flows in a particular country or a particular region. Various studies have also been published on the assessment of the key determinants of FDI. However, there is no general agreement insofar, especially that in different context, specific factors may vary significantly in their degree of importance as regards to FDI. 2.2 Definition of FDI Foreign direct investment (FDI) is a category of investment that reflects the objective of establishing a lasting interest by a resident enterprise in one economy (direct investor) in an enterprise (direct investment enterprise) that is resident in an economy other than that of the direct investor. The lasting interest implies the existence of a long-term relationship between the direct investor and the direct investment enterprise and a significant degree of influence on the management of the enterprise. The direct or indirect ownership of 10% or more of the voting power of an enterprise resident in one economy by an investor resident in another economy is evidence of such a relationship (OECD, year 2008 Benchmark Definition of Foreign Direct Investment 4th Edition). The Benchmark Definition is fully compatible with the underlying concepts and definitions of the International Monetary Funds (IMF) Balance of Payments and International Investment Positions Manual, 6th edition (BPM6) and the general economic concepts set out by the United Nations System of National Accounts (SNA). In accordance with the Organisation for Economic Co-operation and Developments (OECD) Benchmark Definition, Foreign Direct Investment (FDI) is said to be an investment which entails a long duration equation and is an indication of sustained interest and authority by a hosted firm in an economy (foreign direct investor or origin firm) in a firm hosted in a country other than that of the foreign direct investor (FDI firm or associated firm of foreign affiliate). FDI entails both the initial dealing between two enterprises and all following money dealing between them and amid the associated firm, both integrated and non-integrated (OECD, 2008). The concept of FDI took prominence in 1962 following the publication of an article- Development Alternatives in an Open Economy by Hollis Chenery and Michael Bruno wherein a two-gap analysis of capital requirements was formulated. They pointed out that foreign investment apart from foreign aid and foreign trade was important to fill the resource gap needed to finance economic development especially for countries where their imports exceed their exports. FDI stimulates larger flows of private capital for the development of the recipient countries. Increase in FDI is not enough. It must ensure that the said increase is meeting the development objectives of the recipient countries. FDI must go beyond private while government must ensure that risks are not too high or the return on investment is not too low. Being given that private capital offers some special advantages over public capital, there must be a mutual interest for both private foreign investors and the host country. The latt er will have to assist in securing information on investment opportunities and establish economic overhead facilities such as industrial estates, protective tariffs, exemption from import duties and tax concessions schemes. 2.3 Theories of FDI Over the past few decades, extensive research have been conducted on the behaviour of multinational firms and determinants of FDI and many authors have put forward various theories (and complementary) to explain them. Theories and contexts that are being developed are challenging established facts, systems and knowledge bases. Though many theories have been developed to explain various dimensions of FDI, the current chapter will endeavour to examine the following paradigms considering the scope of the present study namely: the classical international trade theory, the neoclassical location theory, the market imperfection theory, the OLI paradigm and Porters Diamond theory. Broadly speaking the theories could be classified as international trade theories dealing with comparative advantage for nations to go for trade and foreign direct investment theories relating to corporate advantage for foreign corporations  entering the host countries. 2.3.1 Classical Theories of International Trade The concept of FDI cannot be disassociated with the basis of why countries trade and the latter has been pioneered by the famous classicists namely Adam Smith (1776) with his Absolute Advantage theory and David Ricardo (1819) with his Comparative Advantage theory of trade. Adam Smith, the founder of economic theory, was the first to broach in Wealth of Nations that business would grow internationally for real economic growth. Both Smith and Ricardo concluded that countries would benefit from international trade if they have an absolute and comparative advantage in those products that they would be exporting and they should import those goods for which they have an absolute and comparative disadvantage. Consequently they were of the opinion that there should be complete specialisation by the countries involved in international trade based on the same principle as that of division of labour. They based their reasoning on the labour theory of value. The labour theory of value states that the value or price of a commodity is equal to or can be inferred from the amount of labour time going into the production of the goods. It, however, assumes that labour is the only factor of production and that it is also homogeneous. Because of these restrictive assumptions, the labour theory of value was contested and replaced by the opportunity cost advantage propounded by G.Haberler in 1936. The latter emphasised more on how a country has a comparative advantage rather than on what are the determinants of comparative advantage. It says that the cost of a commodity is the amount of a second commodity that must be given up in order to release just enough factors of production or resources to be able to produce one additional unit of the first  commodity. Consequently labour will not be the only factor of production and will not be homogeneous. 2.3.2 The Heckscher-Ohlin (HO) Theory The HO theory also known as factor endowment model was put forward by Heckscher (1919) and Ohlin (1933) and was among the modern theories of international trade showing the causes of international trade. Adam Smith and David Ricardo remained silent on the causes of trade and on how trade affects factor prices and the distribution of income in each of the trading nations. The HO theorem postulates that each nation will export the commodity intensive in its  relatively abundant and cheap factor and import the commodity intensive in its relatively scarce and expensive factors of production. It implies that a country must have the necessary resources to export goods. Some of the assumptions of the model again act as its own limitations on its effectiveness namely when it comes to free trade with no transport costs, tastes are similar across countries, perfect competition in factor and commodity markets, factors immobility internationally, use of same technology in the production of the two goods andtwo factors of production and two countries model (2x2x2 model). There has been extensions to the HO model namely through the Stolper-Samuelson model (1949) and Rybczynski theorem (1955). These theorems postulate that trade leads to the equalisation of relative and absolute factor prices between nations so that there will be internationalisation of prices and wages based on still the restrictive assumptions as those under the HO model. As Faeth (2009) and Seetanah and Rojid (2011) highlight, the first explanations of FDI were based on the models propounded by Heckscher-Ohlin (1933), according to which FDI was motivated by higher profitability in foreign markets with the possibility to finance these investments at relatively low rates of interest in the host country. Ohlin also observed that availability and securing sources of raw materials, flexible and business friendly trade policies as well as accessibility and availability of factors of production were the components influencing FDI inflows into the country. 2.3.3 Modern International Trade Theories There have been empirical tests concerning the traditional trade theories namely the Ricardian and HO models. Some tests have gone according to the theories while others have disproved them. For instance Sir Donald MacDougall in 1951 tested the Ricardian theory using the 1937 data for the USA and UK for 25 industry groups whereby it was found that US wages were twice as those for UK resulting in the USA being capital intensive while UK being labour intensive. However, according to Dougall there is incomplete specialisation as opposed to complete specialisation proposed in the Ricardian model. This is based on the fact that tastes are different, products are non-homogeneous, transport costs matter and industry groups are highly aggregated where we can have different model for a particular products like cars and cigarettes. The USA may have comparative advantage in cars but this does not prevent the UK from exporting one or two different models. Sir Donald MacDougall has also in 1960 talked about the benefits and costs associated with private investment from abroad. He pointed out that an increase in FDI will lead to an increase in real income based on the fact that value added to output by foreign capital is greater than the amount appropriated by the foreign investor as foreign capital raises overall productivity in the host country. With FDI, social returns are far greater than private returns based, inter alia, on the  following: (a) Domestic labour having a higher real wages; (b) Consumers having better choice with lower prices; (c) Host Government getting higher tax revenue; (d) Realisation of external economies of scale; (e) An alternative to labour migration from the poor country; (f) Increase in managerial ability and technical personnel; (g) Transfer of technology and innovation in products; and (h) Serving as a stimulus for additional domestic investment. However, Sir Dougall also warned that there is need for the host country to have the right additional public expenditure as foreign investors are likely to be less interested in receiving an exemption after a profit is made than in being sure of a profit in the first instance. Wassily Leontief tested the HO theory in 1951 and 1956 and found that the USA imports competing were about 30% more capital intensive than its exports. Since the USA was the most capital abundant nation, this result was the opposite of what the HO theory predicted and this became known as the Leontief paradox. Although subsequently the Leontief paradox was partly resolved in the 1980s, it led to the spring ball of modern theories of trade namely Linders thesis (Similar Preference Model or Spillover Theory), Posners Model (Technological Gap Model or Innovation -Imitation Model) in 1961 and the Product Cycle theory of Vernon in 1966. The HO model is inappropriate in explaining trade between countries with the same level of development while with the Spillover theory especially concerning manufactured goods, industrialised countries which have similar factor abundant can trade together. The Linders thesis rests on the belief that a country will export a particular commodity if it has a domestic market for the goods. In fact, domestic market is exploited first. If there are economies of scale in the domestic market, there will be a cost advantage to make export possible. Goods will be exported to countries with similar tastes and similar level of development so that trade will take place with countries of similar living standards. The technological gap theory is typical for the industrialised countries. It states that new products are likely to emerge in the market as a result of innovation. At first production is made for the domestic market. Then firms which bring forth these products have economic rent so that they have strong monopoly position. This makes it easier to tap international market. But this product in question is imitated overseas after some time period. Therefore, there is a shift in comparative advantage. So, we can say that there is an innovation-imitation process. We talk of technological gap because there is a gap between the country which invent the product and those which imitate them. The product life cycle model is an extension of the technological gap model. It states that any product moves through different stages or cycles and comparative advantage keeps shifting during these stages. There are four stages namely: Stage I New product for domestic market only Stage II If product is successful, there is overseas demand so that exportation will be possible Stage III Exports decline because overseas firms produce the goods due to innovation-imitation theory Stage IV Because of comparative advantage, the second country export the product to the first country, that is, the latter will start importing the goods which only a few years back was exporting it. Vernon (1966) explained that FDI will occur when the product enters its mature stage in the product life cycle hypothesis. Vernon (1979) re-examined his own theory and came to the conclusion that the cycle has shortened considerably whereby multinational companies are now more geographically diffused. 2.3.4 Market Imperfections Theories The suggestion that FDI is a product of market imperfection was first discussed by Hymer (1976). He also confirms that investment abroad involves high costs and risks inherent to the drawbacks faced by multinationals because they are foreign. The model was later extended by Caves (1971) and Buckley and Casson (1976) into the internationalisation theory. Hymer shifted the theory of FDI out of the neoclassical international trade theories and into industrial organization (the study of market imperfections). He also argued that there are two factors motivating FDI, namely: (i) the attempt to reduce and/or remove international competition among firms; and (ii) the desire of Multinational Corporations (MNCs) to increase their returns from the utilization of their special advantages. Foreign firms face disadvantages compared to domestic firms, mainly due to the extra costs of doing business in an alien territory and given the information on cost disadvantages, a foreign firm will engage in FDI activity only if it enjoys offsetting advantages such as superior/newer technology, better products or simply firm-level economies of scale. Buckley and Casson (1976) talked about the internalization theory of foreign direct investment. An important pre-requisite for internalisation whether being executed vertically or horizontally, is the existence of an imperfect market. They stated that there are two ways in which a firm can internalise namely by replacing a contractual relationship with unified ownership and secondly by internalising an advantage such as production knowledge through the establishment of a market where there is initially an absent of the said market. Together with the internalisation theory, there is the transaction cost theory put forward by Williamson (1975). He investigated whether a firms transactions are governed by hierarchy or the market. He identified three dimensions to this problem, namely (i) the frequency with which a transaction occurs; (ii) asset specificity; and (iii) uncertainty in the presence of uncertainty and also as uncertainty increases, it is better to govern through a hierarchy rather than through the market and vice versa. Caves (1982) also developed the rationale for horizontal integration (specialised intangible assets with low marginal costs of expansion) and vertical integration (reduction of uncertainty and building of barriers to entry). 2.3.5 The OLI Paradigm John Dunning (1988) in his Explaining International Production proposed an eclectic paradigm also known as the ownership-location-internalisation (OLI) paradigm. The OLI paradigm argued that FDI activity is determined by a composite of three sets of forces namely: Foreign firms enjoying ownership advantages in the form of better technology, product quality, or simply brand name, and other organizational knowledge that are not available to local firms. In other words, it refers to the competitive advantages which firms of one country possess over firms of another country in supplying a particular market or set of markets through product differentiation. These advantages may accrue either from the firms privileged ownership of assets or from their ability to co-ordinate these assets (common management strategy with a global scanning capacity) with other assets across national boundaries in a way that benefits them relative to their competitors;   Foreign firms can benefit from location advantages. This will make FDI activity more profitable than exporting. Examples can be: availability of cheap labour or other factors of production; market size, lower transportation cost, and trade barriers. This refers to the extent to which firms choose to locate value-adding activities outside their national jurisdictions; Foreign firms may seek internalisation advantages which arise when ownership advantages are best exploited internally rather than when offered to other firms through contractual arrangements, i.e. franchising, management contract etc. In other words, we here refer to the extent to which firms perceive it to be in their best interests to internalise foreign markets for the generation and/or use of their assets with a view to add value to them and reduce the high information costs. The significance of the eclectic paradigm, however, varies across industries, countries and firms. Another problem with the eclectic paradigm is that each of the Ownership, Location and Internalisation variables tends to be interdependent. For instance, a firms response to the independent locational variables may influence its ownership advantages and also its willingness to internalise markets. This is well known as the problem of multicollinearity among exogenous variables which can reduce the empirical validity of the model. 2.3.6 Porters Diamond Theory Porters Diamond Theory (1990) emphasises global patterns of FDI based on different country characteristics. He explained why certain countries tend to become leaders in some activities by using examples of sophisticated industries. According to him, firms that have successfully globalised their production activities have done so because of their ability to carry their home-based advantages in foreign market. Taking from the shape of a diamond, Porter (1990) maps out that there are four endogenous variables that would affect the decision of the multinational firms to compete internationally. These factors are: Factor conditions the countrys position in terms of factors of production such as infrastructure and skilled labour necessary to compete in a given industry; Demand conditions the nature of home demand for the industrys product or service; Related and supporting industries the presence or absence in the country of supplier industries and related industries that is internationally competitive; and Firm strategy, structure and rivalry the conditions in the country governing how companies are created, organized, and managed, and the nature of domestic rivalry. The role of government and chance are taken as exogenous variables in the model which can influence to a great extent any of the four endogenous variables. Government policy can either impede or help a firms progress and innovation. Chance events can come in the form of technological advancements that create a national competitive advantage for a firm. Porter (1990) stated that different dynamics may exist between the endogenous and exogenous variables, depending on what drives FDI flows namely factor-driven, innovation-driven and wealthdriven. The factor-driven and innovation-driven can be associated with continuous improvement of a countrys competitive advantages that contribute to the development of an economy. On the other hand, the wealth-driven cause can be associated with stagnation and continuous decline that perpetuate a countrys declining economy. The components identified by Porter (1990) are to some extent similar to the host-country characteristics that Dunning (1988) ou tlined in his OLI paradigm. 2.4 Determinants of FDIs Empirical Survey There has been an extensive body of empirical studies trying to explain why some countries were more successful than others in attracting FDI (Moosa Cardak 2003). This plethora of empirical studies have tested and explored the effect of a range of macroeconomic determinants including GDP, GDP growth rate, real GDP per capita, exchange rate policy, openness of the economy, financial stability and physical infrastructure among others. There have also been studies dealing with the impact of socio-political factors such as political stability, education, corruption, political freedom etc., on FDI flows (Dar et al., 2004). The empirical investigation in this paper focuses more on the macroeconomic determinants (pull factors) that will influence the FDI flows in the host country in particular Mauritius by using a time series analysis. Although there have been diverse methodologies used for the determinants of FDIs, it has also been controversial (especially when it comes to the causality effect between FDI and economic growth) so that it is difficult to have a simple model or any strong theoretical foundation to guide an empirical analysis on these issues. Kok, R and Ersoy B A in 2009 have stated that A large number of studies have been conducted to identify the determinants of FDI but no consensus has emerged, in the sense that there is no widely accepted set of explanatory variables that can be regarded as true determinants of FDI. While some parameters are comprehensively discussed and of high relevance, it remains unclear how these interact. However, the results of past studies be it panel data or t ime series analysis for a specific category of countries or regions have been employed as an imperfect but useful guide. Given the vast amount of empirical literature on the determinants of FDI especially during the last few decades, the present section will elaborate on those studies which take on board Mauritius be it as small island economies or as a regional economic community namely SADC, Sub-Saharan African countries. Also those studies will be taken on board where time series analysis have been undertaken for specific countries using almost the same key determinants for FDI as those being proposed in the model of this paper. Wint and Williams (2002), Thomas et al (2005) and Wijeweera and Mounter (2008) have been using economic factors such as the target countrys market size, income level, market growth rate, inflation rates, interest rate and current account positions to explain the determinants of FDI. They found that a positive interest rate differential assist in attracting FDI inflows as MNCs get the incentive to invest in foreign countries with positive interest rate differential barring the fact that there is no major fluctuation in the exchange rate. In the same vein, Cleeve  (2008) using a multivariate regression model for 16 Sub Saharan Countries and trying to capture economic stability through the proxy (nominal exchange rate adjusted deflator), has shown that this variable is statistically effective. Rogoff and Reinhart (2002) and Wint and Williams (2002) show that a stable country attracts more FDI implying that a low inflation environment is desirable to promote capital inflows. Ali and Guo (2005) and Choudhury and Mavrotas (2006) have indicated that there is a strong relationship between the money growth acting as a proxy for financial stability in the host country and its effects in attracting FDI. Asiedu (2006) using a panel data for 22 Sub Saharan African countries has also shown that inflation rate depicts a negatively and statistically significant effect. However, under Mhlanga et al (2010) multivariate regression model for 14 SADC countries (Southern African Development Community), the inflation rate independent variable does not have any effect as it is statistically insignificant. In terms of the importance of capturing human capital development, both Asiedu (2006) and Cleeve (2008) made use of the percentage of adult literacy and secondary school education index respectively. Both indicators have proved to be not only positive (that is higher stock of human capital will increase FDI) but also statistically significant. According to Helleiner (1998), investment incentives by host country such as tax holiday appear to play a limited role to attract the MNCs as those incentives are believed to compensate for other comparative disadvantages. On the contrary, it is generally believed that removing restrictions and providing good operating conditions will positively affect FDI inflows. This has been reinforced through Cleeve (2008) whereby he found that proxies like temporary tax incentives, tax concessions and profit repatriation when used to capture financial and economic  incentives are statistically insignificant. It goes without saying that in order to attract FDI, economic liberalization is important both internally and externally. This has been translated in several empirical studies even for SADC countries and Sub Saharan African countries from Cleeve (2008) and Mhlanga et al (2010). The famous proxy used for openness of the economy, remains the total value of exports plus imports divided by the level of national income (GDP) although Asiedu (2006) uses an openness index from the International Country Risk Guide which also proved to be positive and statistically significant. In 2008, D.Ramjee Singh, Hilton McDavid, A.Birch and Allan Wright used a linear cross-sectional model of 29 small developing countries having a population of less than 5 million to test for the statistical significance of the determinants of FDI. They found that several of the traditional variables such as infrastructure, economic growth and openness to trade do promote the flow of FDI to small developing nation states. The focus of tourism has also been highlighted in the study. Contrary to expectation the role of market size as a determinant was found to be insignificant basically as the sample taken being small economies. With regard to infrastructure per se, Asiedu (2006) and Mhlanga et al (2010) have pointed out that the proxies (number of phone lines per 1,000 inhabitants and number of landline and mobile subscribers per 1,000 inhabitants) did matter for the 22 Sub Saharan African countries and 14 SADC countries respectively. There has been previous research done with regards to the determinants of FDI in  Mauritius (Seetanah B and Rojid S; 2011) applying a reduced-form specification for a demand for inward direct investment function using dynamic framework and a differenced vector autoregressive model using data from 1990 to 2007. The variables used were size of the country, wage rate, trade/GDP, the secondary education enrolment rate and tax rate. The findings revealed that the most instrumental factors appear to be trade openness, wages and quality of labour in the country. Size of market is reported to have relatively lesser impact on FDI. The present research would use more independent variables in view of capturing a maximum variation of the model and also using data from year 1976 to 2011 which would enable the capturing of the impact of the global financial crisis of 2007/2008. There were also important policy decisions taken in the period post 2006 and the present model would try to capture the effect of those important policies. New explanatory variables would supplement the existing literature on the determinants of FDI in Mauritius and trying to use those independent variables would capture the maximum variation in the FDI inflows.

Platos Republic Essay -- Philosophy Justice Plato Papers

In reading the Republic, there is no reason to search for arguments which show that Platonic justice ('inner justice' or 'psychic harmony') entails ordinary justice. The relationship between inner justice and ordinary justice is of no importance in Plato's Republic. We note that Plato tries to argue from the very first book that the true source of normativity lies in knowledge attained by philosophical reason. What is crucial, then, is the relationship between inner justice and acts which brings about a just polis. I. The Unimportance of Ordinary Justice The issue of the relationship between inner justice and ordinary justice has been the subject of critical discussion since it was famously raised by David Sachs. (1) In this essay, I shall argue that the relationship between inner (or 'Platonic') justice and ordinary justice (conceived as doing acts which Glaucon, Adeimantus and the rest of the gathering consider to be just) was of no importance in Plato's Republic. (2) What was important, rather, was the relationship between inner justice and acts which bring about a just polis. My claim about the unimportance of ordinary justice in relation to inner justice is pre-empted to some degree by Gregory Vlastos and Julia Annas. Vlastos distinguished two senses of ordinary justice:(3) (a) the degenerate morality of those who see it as a path to gratification, and (b) the common morality of those who respect virtue and have a firm disposition to act justly ('justice' as Cephalus possessed, for example). Vlastos rejected any connection between inner justice and ordinary justice in the sense of (a), but assumed that inner justice entailed ordinary justice in the sense of (b) and argued for the connection. However, at least the... ...eligion, New York, 1971. (2)I have used the Jowett translation. (3) Gregory Vlastos, Platonic Studies, Chapter 5: "Justice and Happiness in the Republic", Princeton, 1981 (2nd edition), esp. pp. 135-136. (4)Julia Annas, An Introduction to Plato's Republic, Oxford, 1981, see esp. Chapter 6. (5) There are three different ways of dividing the soul in the Republic: i) the division into reasonable, feeling and appetitive parts; ii) the simile of the line which groups its cognitive capacities into understanding and reasoning on the one hand, and belief and imagination on the other; iii) the division in Book X between the knowing part and the perceptive part. The divisions of the line correspond to the divisions in Book X. In Book III, the feelings and appetites are contrasted with reason, so they naturally rely on perception and imagination and not on knowledge.

Feedback Loops to Enhance Software Capability Essay

Feedback loops are a part of the systems we examine in systems thinking. Our first text book Thinking in Systems tells us we can see the existence of a feedback loop when â€Å"the consistent behavior pattern over a long period of time† is observed. My own interpretation is that feedback loops provide information in real time (or something close to real time) to provide the opportunity to make adjustments, pushing toward improvement. Even more simply stated action= information=reaction. Systems thinking is a methodology for us to analyze and predict behavior by developing an in-depth understanding of the underlying components in the system. The majority of real world problems are complex, and due to this complexity the systems models for these problems will be complex as well. It will be impossible to formulate solutions to complex issues without understanding the feedback loops that influence the systems we are studying. For example, the Internet is an information system with feedback loops. I began to notice feedback loops at work on the internet this week while I was on my Facebook page. Earlier in the day I had been looking at Hotel options in Las Vegas as I will be travelling to Nevada for a trade show in April. One of the hotels I looked at via their website was the Golden Nugget on Fremont Street. A few minutes later when I visited my Facebook page, one of the ads on the side of my page was for the Golden Nugget hotel in Las Vegas. Obviously there is some correlation between the ads on your Facebook page and websites you have visited, I just had never noticed it before. This has to be based on a feedback loop where Facebook is receiving information as to your browsing habits and then customizing advertising based on these habits. If we take this a step further this could also be used as a predictive tool as well. If you think you might like the Golden Nugget, you’ll really love the Mirage. That sort of suggestive selling could be a major revenue generator for Facebook assuming they receive a fee when a consumer purchases based upon their ads. I’d have to say this is a reinforcing feedback loop. The more Facebook knows about you the more it can customize your ads and this will continue to build upon itself with ni limitation other than your own habits. Feedback loops are also being used to enhance software capability. Patikirikorala stated â€Å"The feedback control loop has been one of the key concepts used in building self-adaptive software systems to manage their performance among other quality aspects† (2678). All of us who use and depend on software on a daily basis know that it is unpredictable. It can also at times be unstable, sometimes due to user error and other times due to real product deficiencies. The concept with using feedback loops is to help the software be able to fine tune itself in order to help create better performance and also reduce on going administrative costs. It appears one of the major stumbling blocks with this approach at the moment is that software systems are complex and their problems are not easily reproduced through modeling and systems thinking. Patikirikorala explores this issue when he says â€Å"For instance, an e-commerce system may face sudden intensive workloads when promotional offers are run or when referenced by a high-traffic site (the so-called ‘slash-dot’ effect). The workloads may also vary dramatically depending on the time of day (e.g., stock market applications) or the time of year (e.g., tax office sites). Third, if the application evolves due to new feature additions, bug fixes or system configuration changes, the constructed model has to be changed as well for accurate representation. The resultant behavior of the software application therefore depends on a combination of the operating states or conditions of the underlying software layers, the current environmental workloads, and the current configuration of the application architecture. Depending on what combination of the above factors occurs, the behavior of the software application can be characterized by a number of distinct operating regions. However, the complexity of interactions between these factors means that creating a single model of the system is very difficult if not virtually impossible.† (2679). One may only need to examine the stated issues above however to see the potential benefits by software that can self-regulate through a feedback loop. For instance, what if the system software used for on-line trading of stocks could execute a scenario during peak hours to allow the maximum number of users higher throughput, in order to execute their trades quickly and accurately without a slowdown in performance? This must have been the effect Windows was looking for when it enabled the real time reporting of bugs and crashes into its operating systems. The next logical evolution will be when the software itself tracks these issues and makes the adjustments without user intervention or reporting. This methodology need not be limited to software either, the race appears to be on from network hardware providers such as Cisco and Enterasys to provide network infrastructure that is self-healing, self-configuring, and self-adapting. Networks that can distinguish between different types of threats, discriminate between devices attempting to connect and self-install patches or security measures are the next generation of hardware. This is also all accomplished through the use of feedback loops. One thing is certain, without the feedback loop, and our ability to understand them. Our ability to formulate solutions via the use of Systems Thinking is severely limted. References: Patikirikorala, T., Colman, A., Han, J., & Wang, L. (2012). An evaluation of multi-model self-managing control schemes for adaptive performance management of software systems. Journal Of Systems & Software, 85(12), 2678-2696. doi:10.1016/j.jss.2012.05.077 Boehmer, W. (2012). Toward a target and coupling function of three different Information Security Management Systems. Concurrency & Computation: Practice & Experience, 24(15), 1708-1725. doi:10.1002/cpe.1873 Meadows, Donella H., (2008), Thinking in Systems. White River Junction, Vermont: Chelsea Green Publishing

Essay on The Metamorphosis Use Of Comedy And Irony

To what extent did Kafka use comedy/irony to develop his tragic, cynical view of society and family?Gregor Samsa, a young traveling salesman who lives with and financially supports his parents and younger sister, Grete, wakes up one morning to find quot;himself changed in his bed into a monstrous verminquot; or insect. At first, to my surprise, he is preoccupied with practical, everyday concerns: How to get out of bed and walk with his numerous legs? Can he still make it to the office on time? Most persons would be devastated to find themselves in such a position as Gregor, but he did not seem to care much about himself, but only about his obligations, instead of panicking, he starts cursing his job : quot;If I did not hold back for my†¦show more content†¦But it is not the metamorphosis itself that is relevant, it is the reaction of the world around it. Gregor’s family might not change overnight or change their behavior towards Gregor and his new form but definitely as time goes by, they slowly become strangers to him. quot;at that moment a lightly flung object hit the floor right near him and rolled in front of him. It was an apple; a second one came flying right after it; Gregor stopped dead with fear; further running was useless, for his father was determined to bombard him.quot;.Now in this scene, Gregor scurries out into the living room and his father starts throwing apples at him to chase him away. This is all because Gregor’s quot;breakoutquot; from his room made his mother faint. So a giant beetle is seeking refuge on his little legs from his own father who is bombarding him with fruit. This must be the most tragic part of the book.Desperation must have taken Gregor’s father, for what father would bombard his own son? This is the moment when the family starts to rebel against Gregor.Show MoreRelatedEssay about The Metamorphosis: Use of Comedy and Irony1019 Words   |  5 PagescenterbTo what extent did Kafka use comedy/irony to develop his tragic, cynical view of society and family?/b/centerbrbrGregor Samsa, a young traveling salesman who lives with and financially supports his parents and younger sister, Grete, wakes up one morning to find himself changed in his bed into a monstrous vermin or insect. At first, to my surprise, he is preoccupied with practical, everyday concerns: How to get out of bed and walk with his numerous legs? Can he still make it toRead MoreThe Metemorphosis Essay1402 Words   |  6 PagesThe Metamorphosis The Metamorphosis is a novel written by Kafka Franz and published in 1915. The story is about a travelling sales man by the name Samsa Gregor who wakes up to find himself transformed into an insect. The main characters include Gregor Samsa, Grete Samsa, Mr. Samsa, Mrs. Samsa and Samsa. The theme of change is conspicuous on the novel when Gregor Samsa wakes up to find himself transformed into an insect. The theme of economic effects on human relationships is also evident when weRead MoreRole of Humour in Franz Kafka ´s The Metamorphosis, The Trail, and Ameria2643 Words   |  11 PagesEssay Role of Humour in Franz Kafka’s ‘The Metamorphosis’, ‘ The Trial’ and ‘Amerika’ â€Å"Humour is the tendency of particular cognitive experiences to provoke laughter and provide amusement.† The term Humour has been derived from the Greek language, which teaches that humour is the balance of fluids in the human body. Humour is savoured by different taste-buds like: Anecdotal, Blue, Dark/Gallows/Morbid, Epigrammatic, Hyperbolic, Ironic, Satirical, Satirical, Situational and Slapstick. Franz KafkaRead MoreComedy and Tragedy in Kafkas The Metamorphosis2608 Words   |  11 Pagesc The subtle yet powerful combination of comedy and tragedy in Franz Kafka’s The Metamorphosis was not an accident. Kafka combined these genres in order to convey the mixture of emotions that accurately mirrors the cruelty of life. The main character, Gregor Samsa, is used to illustrate the betrayal that can exist in a family unit as well as a place of employment. Together, Kafka is making a strong commentary on life in order to express his own feelings of desolation and cynicism regarding societyRead MoreAbsurdity Between Kafka and Camus4307 Words   |  18 PagesThis paper seeks to compare and contrast the philosophical views of two great philosophers, namely Albert Camus and Franz Kafka. The works involved in this argument are Kafkas The Metamorphosis and Camus The Outsider. The chief concern of both writers is to find a kind of solution to the predicament of modern man and his conflict with machines and scientific theories. Death, freedom, truth and identity are themes to be studies here in the sense of absurdity.    Kafka was born in Prague in 1883.Read MoreEssay on Snow White2913 Words   |  12 Pagesgratification. However, is there more to this story in terms of emotion and moral conflicts than Walt Disney was prepared to admit? Previous to this time ?Cartoon characters? were given simple slapstick roles play involving gag after gag to generate comedy and entertainment. Disney broke the boundaries; first by creating a character that people cared about, the world famous Mickey Mouse. But early on in his career he saw the greater potential of animated characters, and so Snow White was born. It wasRead MoreWilliam Shakespeare s Tragicomedy The Tempest1935 Words   |  8 PagesLiterary texts rarely stand alone, frequently including elements from other influences. William Shakespeare’s tragicomedy The Tempest (c:1611) is a play that uses intertextuality to enhance ideas about natural order. Banished to an island, Prospero, the rightful Duke of Milan, conjures up a tempest that brings him his usurping brother, Antonio in an attempt to restore his Dukedom. The play’s amalgamation of tragicomedy and the pastoral genre allows Shakespeare to warn his audience about unbalanceRead MoreEssay on A Midsumme r Nights Dream: Critical Analysis3103 Words   |  13 Pagesromantic of Shakespeares comedies. The themes of the play are dreams and reality, love and magic. This extraordinary play is a play-with-in-a-play, which master writers only write successfully. Shakespeare proves here to be a master writer. Critics find it a task to explain the intricateness of the play, audiences find it very pleasing to read and watch. quot;A Midsummer Nights Dreamquot; is a comedy combining elements of love, fairies, magic, and dreams. This play is a comedy about five couples whoRead More A.M.Holmes Music For Torching, Seth MacFarlanes Family Guy, and Tony Kushners Angels in America1948 Words   |  8 Pagesidentities of the past. References to primarily American popular culture and literature create a discourse investigating the merits of our nation’s development. Each text employs comedy at Sigmund Freud’s tendentious level of jest to challenge personal and social reticence without appe aring antagonistic to any specific group. The use of intertexuality condenses the length of the works and lends to the humor of the subject matter by alluding to already familiar people, places, and events in American cultureRead MoreLanguage : Tool Of Empowerment Essay2280 Words   |  10 Pageshumanity. The method of what and how we communicate in writing or speech can have profound impacts on the receiver. At its best, language is not only limited to communicating our deepest emotions but to also convey abstract concepts. Nonetheless, the use of language can contain deeper implications and may often be intentionally or unintentionally ambiguous. Words with positive connotations may conjure up feelings associated with joy, inspiration or even empowerment. On the other hand, words that convey