Weighted Average Cost of Capital (WACC) Essay Example | Topics and Well Written Essays - 1250 words

Weighted Average Cost of Capital (WACC) - Essay Example nologies Incorporated), principally involved in the integration of radiology images information into healthcare enterprise networks improving radiology workflow efficiencies, reduces operating costs and improves medical decision making processes. Thomson One (2004) will be utilized on this financial analysis process for it provides a complete presentation of various companies’ profile, financial statements, and past and projected operations that are very useful to investors, creditors, and other business entities as well for financial analysis purposes prior to business acquisition, purchase, merger, or investment undertakings. Thomson One exhibited quantitative information of the 3-year business operations of Siemens Medical Solutions Diagnostics Limited. Presented were financial statements as of 09/30/2007, 12/31/2006, and 12/31/2005. The most recent financial statement recorded was on 09/30/2007 and the balance sheet have these values (presented in millions): Total Assets (all current and 0 long term) = 784.41; Total Liabilities (all current and 0 long term) = 306.43; Total Shareholder’s Equity (all common equity and 0 preferred equity) = 477.99. For the rate of change year over year starting from 2006 (2005 as the base year), it can be observed that all components of the balance sheet had marginally increased: Total Assets = 83.03%; Total Liabilities = 303.16%; and Total Shareholder’s Equity = 19.83%. By 2007, Total Assets unfavorably dropped by 11.56%; Total Liabilities was decreased by 29.68%; and Total Shareholder’s Equity had increased by 5.95%. For the Income Statement of the company, the 3-year business operations had been profitable with its peak year on 2006 generating a marginal net profit of 262.685 (million), equivalent to 337.99% increase from 59.975 profit during 2005. On 2007, net income had decreased to 49.302, equivalent to 81.23% decrease in profit from the previous year’s business operation. Thomson One presents the 5-year

UK Courts Essay Example | Topics and Well Written Essays - 1750 words

UK Courts - Essay Example Some arguments specifically identify the choice to eliminate trial by jury in the most complex fraud cases, suggesting that such cases can be more appropriately heard by a panel of judge or judge and magistrates. Attorney General Lord Goldsmith states â€Å"it is about justice...making sure serious fraudsters are brought to trial" (BBC News, 2005). Kevin Martin, president of the Law Society is against the new proposal, as he suggests That the problem does not lie with juries, but with poor management of court cases. There is concern that doing away with juries will erode public confidence in the legal system. This is a legitimate concern. Lack of confidence in the legal system may lead to lack of cooperation with police and others who serve to uphold the law. Interviews with UK citizens indicate that while the jury system can be flawed, it should be maintained in all cases. A poll of UK citizens by News Online provides as with insight into public opinion. One UK citizen believes tha t the jury system should be upheld at all costs, as failing to do so would allow the state to relinquish its authority to the victims, in deciding punishment. Another feels that trial by â€Å"jury of one’s peers† is still the most fair, claiming that judges are made up of social elite, â€Å"deciding the fate of us, the common folk† (News Online Poll, 2001), which would lead to injustice.

Husserls Phenomenology Essay Example for Free

Husserls Phenomenology Essay Why is phenomenology such an important branch of philosophical thought in terms of understanding media and its social, political, and technological impact? Phenomenology is the philosophical thought that focuses on the structure of subjective human consciousness. This philosophical movement was founded by Edmund Husserl who â€Å"wants to describe our experiences as they are given from a first person perspective† (Zahavi, 2003, p. 13). Husserl describes the conception of reality in 3 parts. Firstly there’s the world and its external beings, this being the world around us made up of other things and other people. Secondly we have ourselves, and thirdly we have our subjective consciousness, the way we perceive the world around us. Husserl divides phenomenology into two parts, the noesis and the noema, the noesis being the part of an experience which explains the activity, be it an emotion, perception, judgement, or imagination. The second part is the noema, which is the way we perceive the experience, our own meaning of it, the way we conceive it. This study can be differentiated from Kant’s method of analysis which focuses on reality consisting of objects and events as they are understood by subjective human consciousness. The two main divisions of Kantian phenomenology are the noumena and the phenomena. The noumena are things independent of the mind; an object or event that exists without the use of human senses, while the phenomena are any observable occurrences. Kant theorises that what we experience through our senses questions what roles we play in terms of truth and reality. Both Kant’s and Husserl’s interpretation of phenomenology are important branches of philosophical thought when understanding media and it’s social, political, and technological impact. The political impact that media has is stretched further than the democracy of governments. The politics that media focuses on can vary from contestants on a television show to the Presidential debates of the United States. When we watch any form of politics on an edited television show, all we’re seeing is what’s presented to us; the phenomena, we experience what is given to us. It is only by our senses that we’re able to perceive what’s happening on the show. This relates to Kant’s method of analysis which states that what we experience through our senses allows us to question truth and reality. Only what we see on television enables us to question this. What is edited out or what happens back stage is the noumena, it’s not perceivable by our senses and therefore according to Kant we’re unable to comprehend it. The X Factor relies heavily on humiliation in its audition process to get viewers. Many of the advertisements for the X Factor auditions show hopeful contestants being booed or laughed at on stage by the audience. Spin off shows called â€Å"The X Factor: Best and Worst Auditions† are created purely for our entertainment. Although it may seem that the media is using a contestant’s pain for their own gain, it is argued that â€Å"by now, those appearing on reality TV should have acquired a basic understanding of its textual codes and mode of production, and should therefore be prepared for any possible outcomes†(Watts, 2011, p. 36). When schadenfreude, â€Å"enjoyment obtained from the troubles of others† (Merriam-Webster), is shown on television, the audience is faced with an ethical dilemma. They have to decide based on the phenomena around them what is right or wrong. It is up to the individual audience member to decide whether they feel the contestant is able to understand the codes of reality TV and whether the humiliation is acceptable or not. One contestant on the 2012 X Factor auditions, Zoe Alexander, was highlighted in the media due to her vulgar outburst on stage after the judges slammed her down for singing a song by an artist (Pink) for whom she had previously been a tribute act for. After saying she wanted to move away from being a tribute act and focus on her own career, she went on to sing a song by the artist Pink. According to what was shown on television, the contestant made a bad choice and was ridiculed on stage for it. She was jeered at and this resulted in her swearing at the judges and throwing her microphone on the ground. The audience were left with feelings of embarrassment for her; from what was presented to them the audience could only see her outburst. The political division of the show was between this contestant and the X Factor, and the audience had clearly picked a side. After the audition had been aired on television it soon came out that the contestant had been told to sing a Pink song by the X Factor production team prior to her audition. In interviews after the show Alexander stated â€Å"When the judges rejected me I realised I had been manipulated by the X Factor for the previous six weeks. They lured me in, coaxed me and even chose my song all with the intention of setting me up for a fall. †(Daily Mirror). It was only after the audience had become aware of the back stage antics that they were able to switch their political viewpoint to that of the contestant. The impact that media has on politics is shown through the way the media is able to influence the minds of audiences by only showing certain parts of the story. Parts of the show were edited out in order to create a political imbalance between the show and contestant. After the contestant told her side of the story, the audience realised that â€Å"There is now good reason to believe that there is a surprisingly vast range of ways the scene around you could have been visibly different from the way it actually is†(Noe, 2006, p. 191). The noumena, which was not something the audience could understand, was what was edited out of the show, as we could not sense it, it was independent of our minds. According to Kant, as soon as we become aware of it, it becomes a part of our phenomena and is now an observable occurrence. By understanding phenomenology it’s clear that it is an important part of the political impact that media has. Kant’s thoughts on phenomenology relate much to Platonism. The allegory of the cave is a metaphor to describe that what we believe to be reality may not be complete, and that illumination is needed for us to see the truth. Plato explains that the freed prisoner â€Å"wouldn’t be able to see a single one of the things he was now told were real† (Plato, 2006, p. 280). Plato gives us four levels of knowledge: shadows, objects, ideas, and forms, â€Å"in the first place, shadows, and in the second place, reflections† (Plato, 2006, p. 244) The first two levels are within with the realm of sense, shadows are things we have interaction with but no knowledge of, and objects are able to be perceived with knowledge but they still rely on senses to be seen. The next two levels eradicate senses and rely on intelligence. Ideas and forms are reflections of the lower levels and are seen as the ‘intelligible world’. In a similar way, Kant theorises that reality exists on many levels, with the phenomena being what we can sense, and the noumena being what we cannot sense, independent of the mind. Both Plato and Kant agree that knowledge is primarily reliant on sense but does not have to rely on sense alone, and that reality exists on a series of levels. The concept of realism has made huge advancements in technology over the last decade. With great progression in technology, media such as video games and cinema have transformed immensely in terms of how real they appear to their targeted audiences. New technology such as 3D cinema and D-Box enables audiences to be transported even further into the world of the film by creating a false sense of reality. By wearing 3D glasses and sitting in a stimulation chair, the cinema is able to allow the audience to be absorbed into the world of the film even further than ever before. These technological advances exhibit the power phenomenology has to intensify the experiences of watching a film or playing a game. Certain media are created to illuminate our phenomena by their transmission and the form that certain media take, â€Å"What we know of the world  (including cinematic representation) has to do with our experience of phenomena, that is, the way things appear to us. †(Casebier, 2009, p. 4) According to Husserl, knowledge â€Å"remains within experience† (Husserl, 2012, p. ), so all we know of cinema and videos games is merely a recreation of what we already know from our experiences. However it isn’t just cinema that does this, advancements in technology have enabled other media to do the same; 3D televisions and mobile phones are created for the same reason, to create a fabricated reality, a place where people can have all of the fun without any of the responsibility. Video games are created with a goal to make an interactive world which can be perceived similar to real life but without the consequences that comes with reality. Racing games are made with cars that look and sound more realistic to appeal to audiences, stimulation controllers to enable you to feel like you’re actually driving a car, but when you crash your car you’re able to start another race, when in reality there would be serious consequences. However, the question of truth and reality regarding technology can be argued against. Plato states that the representation of reality is not as clear as we may think it is. Plato states that â€Å"the quickest way is to take a mirror and turn it round in all directions, before long you will create suns and stars and earth† (Plato, 2006, p. 70). When he is told that this will only create reflections and not reality, Plato states that an artist would do the same with a paintbrush. This allegory shows that what’s real and what’s true is hard to determine because everything is a representation of the ultimate reality. Therefore the images created in technology such as video games and cinema can be seen as a construction or representation of an ultimate reality, what we perceive as real life experiences. As Husserl states â€Å"Natural knowledge begins with experience† (Husserl, 2012, p. ), it is from our experiences of real life that we’re able to even comprehend the constructed reality that is shown in media such as video games and cinema. However, being too involved in these types of simulated realities can be dangerous, they can distort our minds by making us confused between the difference of what’s true and what’s real. What is acceptable in a simulated video game such as Grand Theft Auto, such as beating people up, shooting people, stealing cars, woul d not be acceptable in real life. A distinction is needed in the mind between what is real and what is true. These experiences show the importance that phenomenology has in terms of understanding the impact media has on technology. Husserl states that human experiences are subjective, and this is true especially when referring to photography and the social impacts that certain media have on the world. Photographs are a special type of image, one that holds a subjective experience personal to the people who are in them and the people who took them. â€Å"It is not merely the likeness which is precious in such cases – but the association and the sense of nearness involved in the thing. (Sontag, 2001, p. 183) Instagram is a social networking app which allows users to upload pictures onto a database which is viewable by ‘followers’. Similar to social networking sites such as Facebook or Twitter, users can follow each other and comment on pictures that are uploaded. With the invention of such social applications personal photographs no longer serve as just memories or subjec tive images, they also serve as a way to exhibit your experiences to your social circle: your friends and family. The way we communicate and share with each other has been changed. No longer do photographs have to be developed and stuck in an album for everyone to see them, now you can upload a picture onto Facebook, Twitter, Instagram, or any similar social networking sites and it can be viewed by hundreds of people from your social circle at the same time. By sharing our experiences socially we’re able to project our experiences into the minds of others; â€Å"We behold the living experiences of others through the perception of their bodily behaviour† (Tymieniecka, 1983, p. 300). Even though pictures that are ploaded onto social networking sites are able to be sensed by others in terms of being able to see them, they will be not be aware of the meaning behind the pictures. The noumena of the pictures will be the meaning behind them; the memories and emotions that are attached with the image will not be visible to everyone who looks at it, only the people who have previous knowledge of the image will be able to have a deeper understanding of what it’s about. No matter how much you look at a photograph it will have different memories and connotations for each person who views it. The way we communicate with each other has changed in many others way than just photography. The impact media has on society is seen through the change in our communication with each other with tools such as Whatsapp and Skype. With the use of just a mobile phone you’re able to communicate with other people in so many different ways; We’re no longer limited to just calling or texting each other, now we’re able to video call, send pictures, on Facebook people are able to send each other virtual animals to each other; media has impacted the way we communicate so much so that the levels of communication are unlimited. Through doing so we’re expanding our experience of communicating with each other and therefore according to Husserl we’re expanding our knowledge of each other. The level of impact media has on communication is clear because through new methods of communication comes more information we have of each other. Phenomenology is important for understanding media and its impact on many aspects such as politics, society, and technology. Both Kant’s and Husserl’s analysis of phenomenology are vital branches of philosophical thought when thinking about the influence that media has. Through politics, media is able to hide certain aspects of the truth in order to manipulate the minds of the public. Kant’s theory of the phenomena and noumena is shown here as what the audience perceive as the truth is merely a part of it; the parts that are kept out are the noumena. What’s not perceivable by our immediate senses becomes independent of the mind. When it comes to technology, the impact that media has refers mainly to realism. The question of what is true and what is real comes into place. Media such as video games and cinema are able to create other worlds of reality in which people are absorbed into. Husserl states that it is through experience that knowledge is made, so media takes the experience that we have in the real world and build upon to create realities that are more idealistic to live in; Worlds in which people are free to do as they choose without any consequence. The only consequence of this is if people become so involved in these created worlds that they’re unable to distinguish between reality and constructed reality in the form of games or cinema. Through social issues it’s clear that phenomenology is an important issue in terms of how much of an impact media has. Social network sites enable people to share their experiences with their friends and family. Photographs no longer have to be shown to others in a physical album, now they’re visible all over the world. Husserl tells us that it is through others being and their bodily behaviour that we’re able to understand them. Therefore it’s clear that the impact that media has on society is the change of how we communicate with each other. By having new ways of talking to other people, there’s also new ways of understanding each other. Phenomenology shows that with a wider experience of communication, we’re gaining knowledge of whom and what we communicate with. Kant and Husserl both have different methods of analysis according to phenomenology, but ultimately they’re both concerned with the way the world appears to us and our subjective understanding of the world around us.

Relationship between Foreign Direct Investment and Growth

Relationship between Foreign Direct Investment and Growth Chapter 1: INTRODUCTION This study will give us an opportunity to identify the determinants of FDI that develops economic growth, to understand the importance of foreign direct investment (FDI) in enhancing the economic growth in Malaysia, and also the relationship between (FDI) and the economic growth in Malaysia. In this chapter of study, the main focus will be on research background, research objectives, research questions and also the significant of study. Research Background 1.1.1 The Trend of Foreign Direct Investment (FDI) Flow in Malaysia The relationship between the growths of FDI with countries has been a debatable issue for several decades. This has become an eye opener which agreed by (Karimi, Sharift and Yusop, 2009, p.2) which drive policymakers to engage in incentives such as export processing zone and tax incentive in order to attract FDI. However, the determinant of FDI in each country is different and failure to understand how a specific country can attract FDI will bring difficulties to changes in economy. In the case of Malaysia, in 2007 the economy was ranked at 29th largest economy in the world with gross domestic products that worth to be $357.9billion (World Bank, 2007). Despite the impact of many externalities such as, oil crises in 1970s, to downturn in electronic industry in 1980s, and majorly impact the Asian financial crisis in 1997s. According to (Ministry of Finance, 2006) the growth of economy in Malaysia was consistent from 1988 to 1996 and maintain the economic annual growth of 7-10% per annu m, by the year 2005 the main source of growth was the manufacturing sector whose share of GDP increase to 31.4 percent. The key driver for the ongoing performance of Malaysias economy is the result of policy reform which is a determinant Foreign Direct Investment (FDI) which enhances the economic growth of Malaysia. The evidence here can be seen by (Ministry of Finance, 2001) introducing the Investment Incentives Act 1968, free trade zones in early 1970s, and export incentives with open policy in 1980s has led to an establishment of FDI in the 1980s. One good example to show that the government has use policy as a determinant of FDI would be, The Promotion of Investment Act (PIA) 1986 which gave a larger percentage of foreign equity ownership in order to attract FDI to enhance economy of Malaysia. This graph illustrates the FDI inflow from 1970-2004 in Malaysia. This research shown that (Har, Teo and Yee, 2008, p.12) FDI stock in Malaysia grew tremendously from 1970s to 1990s, despite fluctuation between the years, and the growth of FDI has been promising from $94 million dollars in 1970s to $2.6 billion by 1990s. Unfortunately, in the early 1990s, the rate of FDI inflow has decrease because of the slowdown investment in Malaysia by two main sources of investors which is Japan and Taiwan. As of 1996, the FDI rate (Har, Teo and Yee, 2008, p.12) has reach its peak when Malaysia successfully accumulated $7.3 billion dollar, by the end of 1998. There has been a major reduction in FDI inflow due to the financial crisis in 1997 that affected many Southeast Asia countries. Unfortunately, by the early 2000s the inflow of FDI in Malaysia has been unpredictable and inconsistent, but still manages to generate average inflow of $3billion per year. In 2007, Malaysias inward (FDI) performance index has reduce compared to the inward (FDI) potential index which shows that Malaysia lack the capability to attract foreign investors in this recent years as seen in table1, and the key factors is because neighboring countries such as China, and India has much more attractive offers such as lower labor cost that make their business more efficient. Since the inflow FDI has been decreasing, Malaysia was ranked 71 in 2007. The table above explains that inward FDI inflow in Malaysia were only US $ 8,043 million and it was only 2.6% of total inflow of FDI to Asia and by that time China has possesses the share of as much as 26.05%.(World Investment Report, 2008) The conclusion can be made here is that Malaysias reduction inflow of FDI is mainly because their incentive are becoming less competitive compared to other countries in Asia. Problem Statement FDI is strongly recommended to achieve consistent economic growth and resulting in modernisation in industrialisation and raise the living standards of the society. There are many determinants regarding FDI and based incentive policy is one of them. Research shows that (Lam and Liew, 2009, p.435) 2 main assumption of this incentive are that high monetary incentive allows FDI to be attracted easier and high inflow of FDI might lead to higher economic growth. Unfortunately, incentive is not necessary monetary-based like tax exemption but can be a long term relationship that seeks for mutual benefits of both sides. The evidence can be seen that the total inflow of FDI into the region of South East Asia, East Asia and South Asia has increased by 15% to USD 165million in 2005 but for Malaysia despite the fact that many monetary based incentives is provided, Malaysia still experiencing a decrease in foreign direct investment. (Tomlinson, Abdullah, Kolesnikov and Jessop, 2006) In 1990, Mala ysia was ranked 4th in the world for FDI, but was ranked 62th in 2005 and recorded negative inflow of net foreign direct investment in the year 2007 More attention should be given by government, researchers and policy makers to identify the problem and produce the solution that can stimulate the FDI in Malaysia. Much research has been done to stimulate FDI, but a lot lesser research has been carried out considering international relations because mostly focus on microeconomic aspect of domestic firm performance. It is very important for foreign investors to gain confidence to invest in Malaysia, hence enhance the economic growth in Malaysia. More research should be done to determinant other determinants of FDI in order to develop the performance of economy in Malaysia. It is very important for more research to be done on FDI with international relation in order to identify the determinants of FDI that can stimulate the economic growth of Malaysia and not on incentive that only focuses on profit maximization of one sided benefits. Research Objectives The objective of carrying out this study is as below: To review the determinants of FDI that is affecting economic growth in Malaysia To analyze the relationship between FDI and economic growth in Malaysia. To evaluate some policy actions related to increase the inflow of FDI in Malaysia. Research Questions This study is conducted to address the following research questions: Do the determinants of FDI inflow affect the economic growth in Malaysia? Will relationship with FDI result in bloom of economic growth in Malaysia? How policy actions can increase the inflow of FDI in Malaysia? Chapter 2 : LITERATURE REVIEW 2.0 Introduction In this section, a review of literature will provide us with a better understanding of the determinant of FDI and the growth of economic in Malaysia. This chapter focuses on the empirical studies on the role of FDI in the economic growth of host countries. Furthermore, a conceptual framework of these variables will be provided. 2.1 Review of Literature 2.1.1 Foreign Direct Investment (FDI) Foreign Direct Investment (FDI) has associate with many leading roles in development of host countries such as source of capital, new job opportunities, diffusion of new technology into country, and develop overall economic growth of host countries. Empirical studies have been carried out to show the relationship between FDI and economic growth while others focuses more on the causality of these two variables. Different methods are use by research to find out the determinants of FDI and the relationship it has with economic growth of host countries. By using cross-section data and OLS regression, Balasubramanyam (1996) found out that host countries that impose export promoting strategy produce positive growth of FDI on the economic growth but this does not apply to host countries as imposes import substitution strategy. Cross-sectional data has also conclude that high level of institutional capability which measured by degree of property right protection and bureaucratic efficiency in host country leads to a positive effect of FDI which enhances the economic growth of host countries. (Olofsdotter, 1998) In the work of Borensztein, et al. (1998), they utilize the cross country regression framework to analyse the effect of FDI on economic growth. They use the FDI flows data from industrial countries to 69 developing countries for the past two decades. Their research provided essential information that shown FDI plays an important role in diffusing new technology in host countries, and relatively boost overall economic growth rather than domestic investment. According to another research on (Borensztein et, al.1998) developing economies which focuses on the diffusion process of technology and economic growth, they found out that the positive impact of FDI on economic growth is highly dependent on the availability of human capital in the specific host country. De Mello (1999) uses both time series and panel data fixed effects for a sample of 32 developed and developing countries to study the relationship of FDI and economic growth. However, he only found out little result showing positi ve effect of FDI that affects the economic growth of host country. There are also other research that focuses on the causality between FDI and economic growth. Zhang (2001) and Choe (2003) use co integration and Granger causality test for a sample of 11 developing countries in East Asia and Latin America. Zhang (2001) found out that 5 cases that shows enhancement of economic growth but the condition of host country is important, so factors such as macro stability and trade regime must be attractive to attract FDI in host countries. Through the research of Choe (2003), the finding of casuality between FDI and economic growth shows that FDI is dependent on the economic growth of host country and not the other way around. Little evidence was shown that FDI enhance the growth of economy, but mainly supports that rapid economic growth enhances the FDI inflow into the country. Chowdhury and Mavrotas (2003) use innovative econometric methodology to identify the causality of FDI and economic growth. The research was done using time series data from 1969 to 2000 for three developing countries that are Malaysia, Chile and Thailand. Each country involve with different background of determinants of FDI such as macroeconomic episodes, growth patterns, and policy regimes. Their study found out that GDP was the cause of growth of FDI in Chile, but it does not go the same with Malaysia and Thailand which has strong evidence of bi-directional causality of these two variables. In the case of Frimpong and Abayie (2006), In the research (Bengoa and Sanchez-Robles, 2003) by using panel data to study Latin America between the relationship of FDI and economic growth, they found out there is a positive impact of FDI that lead to increase in economic growth but the research is similar to Borensztein, et.al, (1998) that says economic development depend on the countrys stability condition. Finally, Duasa (2007) which focus on the causality between FDI and output of economic growth in Malaysia and the study found no evidence of relationship between FDI and economic growth. These has indicate that in the case of Malaysia, FDI does not cause economic growth but FDI contributes to stability of growth as growth contributes to stability of FDI. In order to understand the determinants of FDI more accurately, we can see through research done by Vernon (1966) by using product cycle hypothesis which relates to trade theory by Hufbauer (1966). The theory is about the relationship between investment theory and trade theory by using products as they are export or invested. They found out that competition prices in host countries drives foreign investors to seek cost advantages especially labour cost. This shows that innovation of countries to attract FDI is important to improve economic growth. 2.1.2 Economic growth in Malaysia Export growth can be considered as the most researched determinant factor of (FDI) in economic growth. According to Chow (1987, p.124), the export growth of development countries can be identified through the impact of increase in countrys income, non-export production of goods, resource allocation, and capital efficiency, ability in handling external shocks, negative external effects and also total productivity factor. Therefore, research has shown export strategy has been an effective factor in enhancing the economic growth of developing countries. Furthermore, these countries have also testified that export promotion is an effective development strategy (Jung and Marshall, 1985). However, export strategy is not the main determinant factor of FDI that promotes economic growth. According to Ahmand and Harnhirun (1996) research, by using time data series from 1966 until 1988 to determine whether export is the main (FDI) factor that affects countries economic growth on industrial countries like Malaysia, Philipines, Singapore and Thailand, they found out that economic growth and export is dependent on development of countrys policy, and also economic development causes export growth not the other way around. In order to (Alfano et.al, 2004) identify the relationship between FDI, financial market, economic growth and also to find out whether countries with better financial systems are able to exploit FDI effectively. An empirical analysis was done by using cross country data from 1975 to 1995 which concluded that FDI played a leading role in contributing to economic growth in 71 countries which means countries with good financial market are able to take advantage of opportunity offered by FDI. Li and Liu (2005) studied whether FDI affect economic growth by using single and simultaneous system of equation techniques to test these two variables. Their research found a significant relationship between FDI and economic growth which identified, Human capital has indirect interaction with FDI that leads to positive impact on economic growth in developing countries, whereas countries with insufficient technology knowledge will have significant negative impact on economic growth in developing countries Another study done by Hsiao and Hsiao (2006) using panel data and time series from 1986 to 2004 to identify Granger causality between GDP, export and FDI among China, Korea, Taiwan, Hong Kong, Singapore, Malaysia, Philippines and Thailand found out that FDI has direct one way effect on GDP and indirect effect through export. There was also bilateral causal relationship between export and GDP. Lastly, study done by Baharumshah and Thanoon (2006) using quantitative assessment found out that FDI effects economic growth both long-term and short term in the host countries. Their research has also shown that countries that are able to attract inflow of FDI successfully can generate more investment which leads to faster overall development of economy, hence FDI is a major contributing factor in the economy of East Asian countries. Ang (2007) use annual time series data from 1960 to 2005 in order to find out the determinants of FDI in Malaysia found out that GDP growth had a significant positive impact on FDI inflow. 2.2 Theoretical Framework Foreign direct investment (FDI) Independent variable Dependent variable Technology advancement Economic growth in Malaysia Human Capital Policy development Social GDP 2.2.1 Analysis path This framework is to understand the research of the two variables in the case of my research proposal, foreign direct investment (FDI) is the independent variable and economic growth in Malaysia would be the dependent variable. The purpose of this research proposal is to understand the relationship of FDI and economic growth in Malaysia. In addition, Malaysia can implement different FDI contributing factor that can enhance economic growth in the country. The analysis here is about the determinants of FDI and it interests me in which Malaysia can implement and make FDI more attractive to be invested by foreign firms. In this analysis, the information accumulated should provide the key determinants of FDI at the same time enhance the development of economic growth in Malaysia. Chapter 3: METHODOLOGY 3.0 Introduction This section describes the research methodology use in the study to access the relationship between FDI and economic growth in Malaysia. Simple ordinary least square (OLS) regression and the empirical analysis are done using annual data of FDI and economic growth in Malaysia over the 1970-2005 periods. The research was done using annual data from IMF international Financial Statistic tables, published by International Monetary Fund to find out the relationship between FDI and economic growth in Malaysia. 3.1 Data 3.1.1 Data Resources According to Romano (2004), primary data can be define as data that is collected specially for the purpose of answering research question, while secondary data can be define as existing data collected in order to answer different research project. Secondary data was chosen for this research because it is less expensive compared to primary data, and takes less time to collect data that is needed for research. (Romano, 2004) Secondary data has made information far easier to be obtain by interpreting information from primary data and published them through secondary resource such as newspaper, journals, books, internet, and also research reports. () The existence of secondary data happens when a project needs the collection of data that has already been research in order to further understand the research question on a new project That is why secondary data is essential in order for us because it provide us with the knowledge to form research design and also answering our research quest ions in a more in depth scale. 3.1.2 Data Analysis Procedure In order to complete this research proposal we have mainly use secondary resource such as journals, websites, books, and also research report. Secondary resource has provided us with the information needed at the same time save us time and cost. KBU International College has provided us with books that contain the information needed for us to make references for our research topic. Internet network has been a major contribution by using the Google Chromes search engine we are able to obtain various journals and reports from websites that allows us to make reference and understand our research objectives. Emerald website in particular by using Anglia Ruskin University account has granted us the access to various journals that are easy to obtain without any hassle. The usage of less text book is because the library has insufficient information needed to answer our research questions. 3.2 Hypothesis Null hypothesis H0: FDI is not important for transporting advance technology to enhance host country economic growth. Alternate hypothesis H1: FDI is important for transporting advance technology to enhance host country economic growth. Technology advancement is essential in developing economic growth because it produces skilled labor that will enhance productivity and satisfying demands from consumer. According to Easterly et al. (1995), technology transfer depends on the diffusion process and can take place in 4 forms which is transfer of new technologies and ideas, high technology imports, foreign technology adoption and also level of human capital. Diffusion process of technology into host countries can be different depending on the human capital and availability of technology in the country itself. Example, study made by Borensztein (1998) on developing economies concluded that FDI has positive economy growth but the effect of magnitude depends on the availability of human capital in the host country. This clearly shows that advance technology is very important to enhance economic growth at different level of diffusion growth. Null hypothesis H0: Economic stability is not important to attract FDI into the country Alternate hypothesis H2: Economic stability is important to attract FDI into the country Many countries should pay more attention to economic stability in order to attract FDI which can enhance economic growth. With a stable economy it portrays a positive image and good economic positioning, which in turn attracts foreign investors to invest and generate profit from the investment made in the foreign country as a guaranteed. Therefore, determinants of economic stability should be given attention, the determinants are such as exports, and government expenditure, domestic consumption, and exchange rate that should be manage well by government. According to the research done by Kogid,et.al,(2010) , the most important determinant of economic stability in Malaysia is export and consumption expenditure. Their study also found out that government expenditure and exchange rate are less effective on economic growth but it does not mean it should be ignored but these factors can be act as catalyst and complement factor of economic growth. Null hypothesis H0: Implication of policy does not promote economic growth. Alternate hypothesis H3: Implication of policy does promote economic growth Implication of policy reform is important to draw attention of foreign investment. Policies to promote growth have evidence but it does not work for other countries. This can be seen from the study made by Ahmad and Harnhirun (1996) which studied on new industrial countries such as Indonesia, Malaysia, Philipines, Singapore and Thailand that found out export and economic growth dependent on development of policy. Therefore, government should impost relevant policies to attract FDI into Malaysia. Example, policies like joint venture which give opportunities to domestic producer to become one with foreign investors. This way will benefit local partner as they have exposure towards technology. 3.3 Limitation Theoretical framework of FDI that is use to analyses the FDI determinants and economic growth in Malaysia could have been done more accurately with more secondary resources. Firstly, KBU International College provides insufficient books that have relation with this research topic. However, KBU does provide student with the account to access Emerald websites that contains many research journals and reports that is very convenient for our research topic. In addition, some determinants of FDI in the theoretical framework were not taken into consideration because there has been insufficient research done on some determinants of FDI that affects economic growth in Malaysia. As a result, this research is not entirely completed to reflect the full extent of FDI on Malaysias economy growth. Since this research is mainly dependent on opinions of researchers around the world, this may lead to inaccuracy of research because they might disagree with research and opinions done by other authors around the world. 4.0 Ethical Consideration Before the research is done, respondents will be notified regarding the aim, benefits and purpose of the research is conducted and the method that is engage to carry out this research so that respondent will be able to understand the reason of caring out this research and the potential hazard level of this research. There are also no pressure of any kind shall be force for individual to become subject of research. In addition, respondents have the permission to withdraw or terminate from participating and becoming subject of the research. These are the ethical action taken so that there will be no violation of human rights. The identity of respondents from who involves in the survey is strictly confidential and shall be discarded once research is completed unless permission is granted by respondents for publish sake. No information of respondents will be revealed and included in the final report. Relationship between Foreign Direct Investment and Growth Relationship between Foreign Direct Investment and Growth Chapter 1: INTRODUCTION This study will give us an opportunity to identify the determinants of FDI that develops economic growth, to understand the importance of foreign direct investment (FDI) in enhancing the economic growth in Malaysia, and also the relationship between (FDI) and the economic growth in Malaysia. In this chapter of study, the main focus will be on research background, research objectives, research questions and also the significant of study. Research Background 1.1.1 The Trend of Foreign Direct Investment (FDI) Flow in Malaysia The relationship between the growths of FDI with countries has been a debatable issue for several decades. This has become an eye opener which agreed by (Karimi, Sharift and Yusop, 2009, p.2) which drive policymakers to engage in incentives such as export processing zone and tax incentive in order to attract FDI. However, the determinant of FDI in each country is different and failure to understand how a specific country can attract FDI will bring difficulties to changes in economy. In the case of Malaysia, in 2007 the economy was ranked at 29th largest economy in the world with gross domestic products that worth to be $357.9billion (World Bank, 2007). Despite the impact of many externalities such as, oil crises in 1970s, to downturn in electronic industry in 1980s, and majorly impact the Asian financial crisis in 1997s. According to (Ministry of Finance, 2006) the growth of economy in Malaysia was consistent from 1988 to 1996 and maintain the economic annual growth of 7-10% per annu m, by the year 2005 the main source of growth was the manufacturing sector whose share of GDP increase to 31.4 percent. The key driver for the ongoing performance of Malaysias economy is the result of policy reform which is a determinant Foreign Direct Investment (FDI) which enhances the economic growth of Malaysia. The evidence here can be seen by (Ministry of Finance, 2001) introducing the Investment Incentives Act 1968, free trade zones in early 1970s, and export incentives with open policy in 1980s has led to an establishment of FDI in the 1980s. One good example to show that the government has use policy as a determinant of FDI would be, The Promotion of Investment Act (PIA) 1986 which gave a larger percentage of foreign equity ownership in order to attract FDI to enhance economy of Malaysia. This graph illustrates the FDI inflow from 1970-2004 in Malaysia. This research shown that (Har, Teo and Yee, 2008, p.12) FDI stock in Malaysia grew tremendously from 1970s to 1990s, despite fluctuation between the years, and the growth of FDI has been promising from $94 million dollars in 1970s to $2.6 billion by 1990s. Unfortunately, in the early 1990s, the rate of FDI inflow has decrease because of the slowdown investment in Malaysia by two main sources of investors which is Japan and Taiwan. As of 1996, the FDI rate (Har, Teo and Yee, 2008, p.12) has reach its peak when Malaysia successfully accumulated $7.3 billion dollar, by the end of 1998. There has been a major reduction in FDI inflow due to the financial crisis in 1997 that affected many Southeast Asia countries. Unfortunately, by the early 2000s the inflow of FDI in Malaysia has been unpredictable and inconsistent, but still manages to generate average inflow of $3billion per year. In 2007, Malaysias inward (FDI) performance index has reduce compared to the inward (FDI) potential index which shows that Malaysia lack the capability to attract foreign investors in this recent years as seen in table1, and the key factors is because neighboring countries such as China, and India has much more attractive offers such as lower labor cost that make their business more efficient. Since the inflow FDI has been decreasing, Malaysia was ranked 71 in 2007. The table above explains that inward FDI inflow in Malaysia were only US $ 8,043 million and it was only 2.6% of total inflow of FDI to Asia and by that time China has possesses the share of as much as 26.05%.(World Investment Report, 2008) The conclusion can be made here is that Malaysias reduction inflow of FDI is mainly because their incentive are becoming less competitive compared to other countries in Asia. Problem Statement FDI is strongly recommended to achieve consistent economic growth and resulting in modernisation in industrialisation and raise the living standards of the society. There are many determinants regarding FDI and based incentive policy is one of them. Research shows that (Lam and Liew, 2009, p.435) 2 main assumption of this incentive are that high monetary incentive allows FDI to be attracted easier and high inflow of FDI might lead to higher economic growth. Unfortunately, incentive is not necessary monetary-based like tax exemption but can be a long term relationship that seeks for mutual benefits of both sides. The evidence can be seen that the total inflow of FDI into the region of South East Asia, East Asia and South Asia has increased by 15% to USD 165million in 2005 but for Malaysia despite the fact that many monetary based incentives is provided, Malaysia still experiencing a decrease in foreign direct investment. (Tomlinson, Abdullah, Kolesnikov and Jessop, 2006) In 1990, Mala ysia was ranked 4th in the world for FDI, but was ranked 62th in 2005 and recorded negative inflow of net foreign direct investment in the year 2007 More attention should be given by government, researchers and policy makers to identify the problem and produce the solution that can stimulate the FDI in Malaysia. Much research has been done to stimulate FDI, but a lot lesser research has been carried out considering international relations because mostly focus on microeconomic aspect of domestic firm performance. It is very important for foreign investors to gain confidence to invest in Malaysia, hence enhance the economic growth in Malaysia. More research should be done to determinant other determinants of FDI in order to develop the performance of economy in Malaysia. It is very important for more research to be done on FDI with international relation in order to identify the determinants of FDI that can stimulate the economic growth of Malaysia and not on incentive that only focuses on profit maximization of one sided benefits. Research Objectives The objective of carrying out this study is as below: To review the determinants of FDI that is affecting economic growth in Malaysia To analyze the relationship between FDI and economic growth in Malaysia. To evaluate some policy actions related to increase the inflow of FDI in Malaysia. Research Questions This study is conducted to address the following research questions: Do the determinants of FDI inflow affect the economic growth in Malaysia? Will relationship with FDI result in bloom of economic growth in Malaysia? How policy actions can increase the inflow of FDI in Malaysia? Chapter 2 : LITERATURE REVIEW 2.0 Introduction In this section, a review of literature will provide us with a better understanding of the determinant of FDI and the growth of economic in Malaysia. This chapter focuses on the empirical studies on the role of FDI in the economic growth of host countries. Furthermore, a conceptual framework of these variables will be provided. 2.1 Review of Literature 2.1.1 Foreign Direct Investment (FDI) Foreign Direct Investment (FDI) has associate with many leading roles in development of host countries such as source of capital, new job opportunities, diffusion of new technology into country, and develop overall economic growth of host countries. Empirical studies have been carried out to show the relationship between FDI and economic growth while others focuses more on the causality of these two variables. Different methods are use by research to find out the determinants of FDI and the relationship it has with economic growth of host countries. By using cross-section data and OLS regression, Balasubramanyam (1996) found out that host countries that impose export promoting strategy produce positive growth of FDI on the economic growth but this does not apply to host countries as imposes import substitution strategy. Cross-sectional data has also conclude that high level of institutional capability which measured by degree of property right protection and bureaucratic efficiency in host country leads to a positive effect of FDI which enhances the economic growth of host countries. (Olofsdotter, 1998) In the work of Borensztein, et al. (1998), they utilize the cross country regression framework to analyse the effect of FDI on economic growth. They use the FDI flows data from industrial countries to 69 developing countries for the past two decades. Their research provided essential information that shown FDI plays an important role in diffusing new technology in host countries, and relatively boost overall economic growth rather than domestic investment. According to another research on (Borensztein et, al.1998) developing economies which focuses on the diffusion process of technology and economic growth, they found out that the positive impact of FDI on economic growth is highly dependent on the availability of human capital in the specific host country. De Mello (1999) uses both time series and panel data fixed effects for a sample of 32 developed and developing countries to study the relationship of FDI and economic growth. However, he only found out little result showing positi ve effect of FDI that affects the economic growth of host country. There are also other research that focuses on the causality between FDI and economic growth. Zhang (2001) and Choe (2003) use co integration and Granger causality test for a sample of 11 developing countries in East Asia and Latin America. Zhang (2001) found out that 5 cases that shows enhancement of economic growth but the condition of host country is important, so factors such as macro stability and trade regime must be attractive to attract FDI in host countries. Through the research of Choe (2003), the finding of casuality between FDI and economic growth shows that FDI is dependent on the economic growth of host country and not the other way around. Little evidence was shown that FDI enhance the growth of economy, but mainly supports that rapid economic growth enhances the FDI inflow into the country. Chowdhury and Mavrotas (2003) use innovative econometric methodology to identify the causality of FDI and economic growth. The research was done using time series data from 1969 to 2000 for three developing countries that are Malaysia, Chile and Thailand. Each country involve with different background of determinants of FDI such as macroeconomic episodes, growth patterns, and policy regimes. Their study found out that GDP was the cause of growth of FDI in Chile, but it does not go the same with Malaysia and Thailand which has strong evidence of bi-directional causality of these two variables. In the case of Frimpong and Abayie (2006), In the research (Bengoa and Sanchez-Robles, 2003) by using panel data to study Latin America between the relationship of FDI and economic growth, they found out there is a positive impact of FDI that lead to increase in economic growth but the research is similar to Borensztein, et.al, (1998) that says economic development depend on the countrys stability condition. Finally, Duasa (2007) which focus on the causality between FDI and output of economic growth in Malaysia and the study found no evidence of relationship between FDI and economic growth. These has indicate that in the case of Malaysia, FDI does not cause economic growth but FDI contributes to stability of growth as growth contributes to stability of FDI. In order to understand the determinants of FDI more accurately, we can see through research done by Vernon (1966) by using product cycle hypothesis which relates to trade theory by Hufbauer (1966). The theory is about the relationship between investment theory and trade theory by using products as they are export or invested. They found out that competition prices in host countries drives foreign investors to seek cost advantages especially labour cost. This shows that innovation of countries to attract FDI is important to improve economic growth. 2.1.2 Economic growth in Malaysia Export growth can be considered as the most researched determinant factor of (FDI) in economic growth. According to Chow (1987, p.124), the export growth of development countries can be identified through the impact of increase in countrys income, non-export production of goods, resource allocation, and capital efficiency, ability in handling external shocks, negative external effects and also total productivity factor. Therefore, research has shown export strategy has been an effective factor in enhancing the economic growth of developing countries. Furthermore, these countries have also testified that export promotion is an effective development strategy (Jung and Marshall, 1985). However, export strategy is not the main determinant factor of FDI that promotes economic growth. According to Ahmand and Harnhirun (1996) research, by using time data series from 1966 until 1988 to determine whether export is the main (FDI) factor that affects countries economic growth on industrial countries like Malaysia, Philipines, Singapore and Thailand, they found out that economic growth and export is dependent on development of countrys policy, and also economic development causes export growth not the other way around. In order to (Alfano et.al, 2004) identify the relationship between FDI, financial market, economic growth and also to find out whether countries with better financial systems are able to exploit FDI effectively. An empirical analysis was done by using cross country data from 1975 to 1995 which concluded that FDI played a leading role in contributing to economic growth in 71 countries which means countries with good financial market are able to take advantage of opportunity offered by FDI. Li and Liu (2005) studied whether FDI affect economic growth by using single and simultaneous system of equation techniques to test these two variables. Their research found a significant relationship between FDI and economic growth which identified, Human capital has indirect interaction with FDI that leads to positive impact on economic growth in developing countries, whereas countries with insufficient technology knowledge will have significant negative impact on economic growth in developing countries Another study done by Hsiao and Hsiao (2006) using panel data and time series from 1986 to 2004 to identify Granger causality between GDP, export and FDI among China, Korea, Taiwan, Hong Kong, Singapore, Malaysia, Philippines and Thailand found out that FDI has direct one way effect on GDP and indirect effect through export. There was also bilateral causal relationship between export and GDP. Lastly, study done by Baharumshah and Thanoon (2006) using quantitative assessment found out that FDI effects economic growth both long-term and short term in the host countries. Their research has also shown that countries that are able to attract inflow of FDI successfully can generate more investment which leads to faster overall development of economy, hence FDI is a major contributing factor in the economy of East Asian countries. Ang (2007) use annual time series data from 1960 to 2005 in order to find out the determinants of FDI in Malaysia found out that GDP growth had a significant positive impact on FDI inflow. 2.2 Theoretical Framework Foreign direct investment (FDI) Independent variable Dependent variable Technology advancement Economic growth in Malaysia Human Capital Policy development Social GDP 2.2.1 Analysis path This framework is to understand the research of the two variables in the case of my research proposal, foreign direct investment (FDI) is the independent variable and economic growth in Malaysia would be the dependent variable. The purpose of this research proposal is to understand the relationship of FDI and economic growth in Malaysia. In addition, Malaysia can implement different FDI contributing factor that can enhance economic growth in the country. The analysis here is about the determinants of FDI and it interests me in which Malaysia can implement and make FDI more attractive to be invested by foreign firms. In this analysis, the information accumulated should provide the key determinants of FDI at the same time enhance the development of economic growth in Malaysia. Chapter 3: METHODOLOGY 3.0 Introduction This section describes the research methodology use in the study to access the relationship between FDI and economic growth in Malaysia. Simple ordinary least square (OLS) regression and the empirical analysis are done using annual data of FDI and economic growth in Malaysia over the 1970-2005 periods. The research was done using annual data from IMF international Financial Statistic tables, published by International Monetary Fund to find out the relationship between FDI and economic growth in Malaysia. 3.1 Data 3.1.1 Data Resources According to Romano (2004), primary data can be define as data that is collected specially for the purpose of answering research question, while secondary data can be define as existing data collected in order to answer different research project. Secondary data was chosen for this research because it is less expensive compared to primary data, and takes less time to collect data that is needed for research. (Romano, 2004) Secondary data has made information far easier to be obtain by interpreting information from primary data and published them through secondary resource such as newspaper, journals, books, internet, and also research reports. () The existence of secondary data happens when a project needs the collection of data that has already been research in order to further understand the research question on a new project That is why secondary data is essential in order for us because it provide us with the knowledge to form research design and also answering our research quest ions in a more in depth scale. 3.1.2 Data Analysis Procedure In order to complete this research proposal we have mainly use secondary resource such as journals, websites, books, and also research report. Secondary resource has provided us with the information needed at the same time save us time and cost. KBU International College has provided us with books that contain the information needed for us to make references for our research topic. Internet network has been a major contribution by using the Google Chromes search engine we are able to obtain various journals and reports from websites that allows us to make reference and understand our research objectives. Emerald website in particular by using Anglia Ruskin University account has granted us the access to various journals that are easy to obtain without any hassle. The usage of less text book is because the library has insufficient information needed to answer our research questions. 3.2 Hypothesis Null hypothesis H0: FDI is not important for transporting advance technology to enhance host country economic growth. Alternate hypothesis H1: FDI is important for transporting advance technology to enhance host country economic growth. Technology advancement is essential in developing economic growth because it produces skilled labor that will enhance productivity and satisfying demands from consumer. According to Easterly et al. (1995), technology transfer depends on the diffusion process and can take place in 4 forms which is transfer of new technologies and ideas, high technology imports, foreign technology adoption and also level of human capital. Diffusion process of technology into host countries can be different depending on the human capital and availability of technology in the country itself. Example, study made by Borensztein (1998) on developing economies concluded that FDI has positive economy growth but the effect of magnitude depends on the availability of human capital in the host country. This clearly shows that advance technology is very important to enhance economic growth at different level of diffusion growth. Null hypothesis H0: Economic stability is not important to attract FDI into the country Alternate hypothesis H2: Economic stability is important to attract FDI into the country Many countries should pay more attention to economic stability in order to attract FDI which can enhance economic growth. With a stable economy it portrays a positive image and good economic positioning, which in turn attracts foreign investors to invest and generate profit from the investment made in the foreign country as a guaranteed. Therefore, determinants of economic stability should be given attention, the determinants are such as exports, and government expenditure, domestic consumption, and exchange rate that should be manage well by government. According to the research done by Kogid,et.al,(2010) , the most important determinant of economic stability in Malaysia is export and consumption expenditure. Their study also found out that government expenditure and exchange rate are less effective on economic growth but it does not mean it should be ignored but these factors can be act as catalyst and complement factor of economic growth. Null hypothesis H0: Implication of policy does not promote economic growth. Alternate hypothesis H3: Implication of policy does promote economic growth Implication of policy reform is important to draw attention of foreign investment. Policies to promote growth have evidence but it does not work for other countries. This can be seen from the study made by Ahmad and Harnhirun (1996) which studied on new industrial countries such as Indonesia, Malaysia, Philipines, Singapore and Thailand that found out export and economic growth dependent on development of policy. Therefore, government should impost relevant policies to attract FDI into Malaysia. Example, policies like joint venture which give opportunities to domestic producer to become one with foreign investors. This way will benefit local partner as they have exposure towards technology. 3.3 Limitation Theoretical framework of FDI that is use to analyses the FDI determinants and economic growth in Malaysia could have been done more accurately with more secondary resources. Firstly, KBU International College provides insufficient books that have relation with this research topic. However, KBU does provide student with the account to access Emerald websites that contains many research journals and reports that is very convenient for our research topic. In addition, some determinants of FDI in the theoretical framework were not taken into consideration because there has been insufficient research done on some determinants of FDI that affects economic growth in Malaysia. As a result, this research is not entirely completed to reflect the full extent of FDI on Malaysias economy growth. Since this research is mainly dependent on opinions of researchers around the world, this may lead to inaccuracy of research because they might disagree with research and opinions done by other authors around the world. 4.0 Ethical Consideration Before the research is done, respondents will be notified regarding the aim, benefits and purpose of the research is conducted and the method that is engage to carry out this research so that respondent will be able to understand the reason of caring out this research and the potential hazard level of this research. There are also no pressure of any kind shall be force for individual to become subject of research. In addition, respondents have the permission to withdraw or terminate from participating and becoming subject of the research. These are the ethical action taken so that there will be no violation of human rights. The identity of respondents from who involves in the survey is strictly confidential and shall be discarded once research is completed unless permission is granted by respondents for publish sake. No information of respondents will be revealed and included in the final report.

Jane Eyre :: essays papers

Jane Eyre Charlotte Bronte’s Jane Eyre, is the story of Jane, an orphan girl with a harsh upbringing. During a time when women were condemned for learning more than custom pronounced necessary, Jane becomes educated intellectually, socially, and spiritually. In the course of growing up she travels to many places as she battles to learn more about herself and about the world. In the following paragraphs you’ll see how Bronte establishes that money and power do not make a person. Mrs. Reed, Mr. Rochester, and Mr. Brocklehurst all reflect this, they are not nice or perfectly content people. She demonstrates that general education is more important than wealth. The story begins at the Reed’s residence at Gateshead Hall. Jane is excluded from the Reed’s activities so she tries to educate herself by reading books. Soon enough though, John Reed finds her, takes away the book and strikes her with it. â€Å"You are like a slave-driver† (Bronte: 43), cries Jane. In this passage Jane compares John with a slave-driver because like one, John deprives her of her endeavor to educate herself and keeps her suppressed. In the boarding school for orphaned girls called Lowood, Jane sees that movement towards progress and knowledge is retained. Mr. Brocklehurst, the director of Lowood, wants the girls to â€Å"clothe themselves with shamefacedness and sobriety, not with braided hair and costly apparel† (Bronte: 96). So he doesn’t allow for girls to be dressed neatly or with curls in their hair because to him that’s a sin of showing off. His goal it seems is not to truly educate this girls for their own improveme nt, but merely to educate them to serve the wealthy. In spite of many hardships, Jane manages to graduate and becomes a governess under Mr. Rochester’s employment. Mr. Brocklehurst’s influence on Jane to be plain, to be an underclass to serve becomes more apparent when Jane thinks, â€Å"is it likely he (Mr. Rochester) would waste a serious thought on this indigent and insignificant plebeian?† (Bronte: 191). Having no money or a house of her own, she considers herself inferior and unlikely that Mr. Rochester, being a man of power and class, would ever lay eyes on her. When Jane leaves Thornfield after she finds out that Mr. Rochester is married, she decides that it’s better to be a schoolmistress, honest and free, than to stay and become a slave full of remorse and shame.

The Character of Macbeth from Macbeth Essay example -- Macbeth essays

Macbeth from Macbeth      Ã‚  Ã‚  Ã‚   In William Shakespeare's tragedy Macbeth we find a guilt and fear-ridden usurper of the throne of Scotland. Let us study this character in this essay.    A.C. Bradley in Shakespearean Tragedy paints a portrait of Macbeth:    Macbeth, the cousin of a King mild, just, and beloved, but now too old to lead his army, is introduced to us as a general of extraordinary prowess, who has covered himself with glory in putting down a rebellion and repelling the invasion of a foreign army. In these conflicts he showed great personal courage, a quality which he continues to display throughout the drama in regard to all plain dangers. It is difficult to be sure of his customary demeanour, for in the play we see him either in what appears to be an exceptional relation to his wife, or else in the throes of remorse and desperation; but from his behaviour during his journey home after the war, from his later conversations with Lady Macbeth, and from his language to the murderers of Banquo and to others, we imagine him as a great warrior, somewhat masterful, rough and abrupt, a man to inspire some fear and much admiration. (322)    In his book, On the Design of Shakespearean Tragedy, H. S. Wilson tells how the audience is inclined to identify with such a rogue as Macbeth:    That such a man should sacrifice all the wealth of his human spirit - his kindness, his love, his very soul - to become a victim to continual fears, a tyrant ruthlessly murdering in the vain attempt to feel safe, finally to be killed like a foul beast of prey - this is terrible, and pitiful, too. Shakespeare has here achieved for us most poignantly the ambivalence of the tragic effect Aristotle described. We see the ne... ... Samuel. The Plays of Shakespeare. N.p.: n.p.. 1765. Rpt in Shakespearean Tragedy. Bratchell, D. F. New York, NY: Routledge, 1990.    Kemble, Fanny. "Lady Macbeth." Macmillan's Magazine, 17 (February 1868), p. 354-61. Rpt. in Women Reading Shakespeare 1660-1900. Ann Thompson and Sasha Roberts, eds. Manchester, UK: Manchester University Press, 1997.    Lamb, Charles. On the Tragedies of Shakespeare. N.p.: n.p.. 1811. Rpt in Shakespearean Tragedy. Bratchell, D. F. New York, NY: Routledge, 1990.    Mack, Maynard. Everybody's Shakespeare: Reflections Chiefly on the Tragedies. Lincoln, NB: University of Nebraska Press, 1993.    Shakespeare, William. The Tragedy of Macbeth. http://chemicool.com/Shakespeare/macbeth/full.html, no lin.    Wilson, H. S. On the Design of Shakespearean Tragedy. Toronto, Canada: University of Toronto Press, 1957.

Psy/310 Perspectives Paper Essay

Each psychological perspective has pioneers who have done the research to not only present the perspective, but to also prove how beneficial it is. John B. Watson is one of the great pioneers who created and popularized the behavioral perspective. He had many followers who believed in what he said, including B.F. Skinner. Although Skinner was truly influenced by Watson, he had his own ideas and theories that he later proved to be extremely persuasive. With the domination of the behavioral perspective, there also came skepticism, including one skeptic by the name of Edward C. Tolman. Tolman later introduced cognitive psychology, which is still a staple in modern day psychology. John B. Watson did not have the most ideal childhood. Perhaps this is why he later went on to become the mouthpiece for the movement that came to be called behaviorism (Goodwin, 2008, p. #338). He was born in 1878, just outside of Greenville, South Carolina. His father was a farmer with severe issues, such as a lcoholism, adultery, and anger. His mother was an extremely religious woman who pushed a future in the faith onto Watson. Although Watson was a bright young man, entering Furman University at the age of 16, he was well known as a troublemaker. Watson went on to earn his master’s degree in 1900 before entering the University of Chicago. His intention was to study philosophy and psychology but later decided to focus on functionalist psychology. Watson had a profound interest in animals and found himself extremely comfortable in studying their behaviors, rather than those of human subjects. Watson’s doctoral dissertation, codirected by Henry Donaldson and James Angell, was a study of the relationship between cortical development and learning in young white rats (Goodwin, 2008, p. #338). White rats were thought to be incapable of â€Å"associative learning† because their brains contained very few myelinated axons. Watson’s studies later proved this to be wrong, in fact, proving that a white rat’s ability to form associations improved in their fourth week of life, as opposed to the first few weeks. Watson later published his results as Animal Education: An Experimental Study of the Psychical Development of the White Rat, Correlated with the Growth of Its Nervous System. This publication earned him his doctorate and the opportunity to remain at the University of Chicago as an instructor. Burrhus Frederick Skinner’s upbringing was a little different than that of John B. Watson. Skinner was born in 1904 in Susquehanna, Pennsylvania. His father was a successful lawyer and his mother was a homemaker, together they were a very image conscious married couple who often worried about what others thought. Skinner was a very intelligent individual and an independent thinker. He questioned anything that was not supported with sound evidence. His high school principle strongly recommend ed him to New York’s Hamilton College, stating that Skinner was â€Å"passionately fond of arguing with his teachers. He is quite a reader and although I do not think he actually supposes himself wiser than his teachers, I have found him [to give] that impression†¦Ã¢â‚¬  (as cited in Goodwin, 2008, p. #383). After his initial unhappiness with Hamilton’s atmosphere, Skinner realized that he had a passion for creative writing. Skinner decided to take a year off after his graduation to just write. He moved back home with his parents and later referred to this time as his â€Å"dark year†. Skinner’s parents were concerned about what people thought of their son moving back home without a job, while Skinner was concerned with the pressure of his parents expecting him to be productive in this year. In this year, Skinner read a number of articles and became intrigued with behaviorism. This intrigue motivated him to pursue graduate studies in psychology at Harvard. As Skinner moved up the ladder, from a graduate student to a university fellow, his attitude toward authority never changed. Not impressed by the work of E.G. Boring, he referred to Boring’s perception course as â€Å"simply painful† and lamented that Boring spent three entire lectures explaining a single visual illusion (Goodwin, 2008, p. #384). Skinner published his first book in 1938, The Behavior of Organisms, which summarized his years of research at Harvard. He later returned to Harvard, in 1948, and remained active until his death in 1990. Edward C. Tolman was born in 1886 in a suburb of Boston, Massachusetts. Tolman came from a very stable and healthy family. His father was a successful business executive, while his mother provided a solid moral foundation for the family. Tolman was extremely intelligent and talented, graduating from the Massachusetts Institute of Technology (MIT) in 1911 with a degree in electrochemistry. There were two reasons why Tolman decided to stray from a career in the field of electrochemistry. The first reason was the competition that would ensue with his brother, Richard Tolman, who later contributed to the development of the atomic bomb during World War II (Goodwin, 2008, p. #364). The second reason lies in Tolman’s discovery of William James, often referred to as the father of American psychology. Following his graduation from MIT, Tolman enrolled in two summer courses at Harvard. The first was a philosophy course and the second was an introductory course in psychology. Robert Yerkes was the professor for this psychology course. Not only the professor, but also the reason Tolman was sold on psychology and decided to enter graduate school at Harvard. Tolman went on to earn his doctorate degree in 1915 from H arvard. Watson’s publication, Behavior: An Introduction to Comparative Psychology, made Tolman see behaviorism as an attractive alternative to the traditional introspective psychology he was encountering in Hugo Munsterberg’s laboratory (Goodwin, 2008, p. #364). Edward Holt was a major influence on the Tolman’s beliefs. Holt believed that Watsonian behaviorism was too reductionistic and argued that behavior should be defined more broadly as actions that serve some purpose (Goodwin, 2008). Great deals of Holt’s beliefs were adopted by Tolman and later became the core of Tolman’s theory of learning. Later on, Tolman would be launched down the behavioristic slope after being given the opportunity to develop a new course and remembering Yerks’ course and Watson’s textbook. With such different backgrounds growing up, these three men definitely have similarities they share as well. Watson, Skinner, and Tolman each have their own connection to the behaviorist perspective in one way or another. Watson and Skinner each believe that an individual’s behavior can be conditioned in certain ways. For example, Watson was a firm believer in classical conditioning, while Skinner developed operant conditioning. After extensive research on animals, particularly rats, Watson performed an experiment on Little Albert to test his theory or classical conditioning. Aside from the ethical issues of experimenting on an infant, Watson was successful in proving his theory correct. Little Albert was classically conditioned to fear, not only the white furry rat, but anything else that resembled the rat in any way. This fear was elicited by the loud noise that was associated with the presence of the furry rat. Skinner’s beliefs differed in the sense that he believed an individual’s behavior is influenced primarily by the consequence following that particular behavior. For example, if it is a negative effect the behavior is less likely to occur again. If it is a positive consequence that follows that behavior, the chances of the behavior repeating are more likely. This is the premise of operant conditioning. Tolman’s trademark was little different because he introduced the cognitive theory to the world of psychology. Tolman too performed experiments on rats and their ability to run through complex mazes in order to gain a different type of understanding on how their brains register and use the knowledge they obtain. Repetition of the same routines everyday are overlooked. It is only when something is sought after in these routines that an individual or animal is able to recognize what they have previously learned. This is what Tolman believed to be a type of cognitive learning. Although primary behaviorism therapy is not popular today, behaviorism has been incorporated with cognitive therapy to develop cognitive behavioral therapy. Cognitive behavioral therapy is a form of treatment that focuses on examining the relationships between thoughts, feelings, and behaviors (Duckworth, MD & Freedman, MD, 2012, p. #1). This is a very popular type of therapy today, especially with treating schizophrenia, post-traumatic stress disorder, and also different types of anxiety disorders. One of the greatest benefits of cognitive behavioral therapy is the ability to allow the patient to work with the clinician in developing the most useful treatment plan. It is almost like an active intervention where the patie nt is a little more active in the planning of treatment options. This can sometimes require the patient to do different types of homework on their own. Watson, Skinner, and Tolman have definitely opened up the psychology world to so many different perspectives and theories. Although each perspective may have its different flaws or drawbacks, together they contribute what each lacks when standing alone. Without Watsons initial research, Skinner may not have been influenced to theorize such perspectives as operant conditioning. In turn, Tolman may have not had the chance to develop what we now call cognitive behavioral therapy. Each stepping stone has added a little more history to the world of psychology to make it what it is today. These are just three of the men that can be attributed for the extensive time and research responsible for this said history. References Goodwin, C. J. (2008). A history of modern psychology (3rd ed.). Hoboken, NJ: Wiley. Duckworth, MD, K., & Freedman, MD, J.L. (2012, July). Cognitive Behavioral Therapy. National Alliance on Mental Illness, N/A (N/A), 1-2. Retrieved from: http://www.nami.org/Template.cfm?Section=About_Treatments_and_Supports&Template=/ContentManagement/ContentDisplay.cfm&ContentID=141590