Counter argue Plessy v Fergusson

â€Å"We consider the underlying fallacy of the plaintiff’s argument to consist in assumption that the enforced separation of the two races stamps the colored race with a badge of inferiority. If this be so, it is not by reason of anything found in the act, but solely because the colored race chooses to put that construction upon it.Advertising We will write a custom essay sample on Counter argue Plessy v Fergusson specifically for you for only $16.05 $11/page Learn More The argument necessarily assumes that if, as has been more than once the case, and is not unlikely to be so again, the colored race should become the dominant power in the state legislature, and should enact a law in precisely similar terms, it would thereby relegate the white race to an inferior position. We imagine that the white race, at least, would not acquiesce in this assumption. The argument also assumes that social prejudices may be overcome by legislation and that equal rights cannot be secured to the Negro except by an enforced commingling of the two races. We cannot accept this proposition. If the two races are to meet upon terms of social equality, it must be the result of natural affinities, a mutual appreciation of each other’s merits, and a voluntary consent of individuals.† The above passage describes the case of Plessy v Fergusson which occurred in May 18, 1896. The issue was whether the Whites and Blacks had to be separated in the society. The main argument provided in this passage was on the enforcement of the segregation laws. According to the plaintiff, the enforcement of these laws would make the colored race the inferior race. In the main decision of 7-1, the court disagreed with the plaintiff stating that there was no way the Louisiana state laws went against the Thirteenth and the Fourteenth amendment rights of the colored people. In the opinion offered by Judge Henry Brown, the court shot down the Plessy’s argu ment because it interpreted the constitution wrongly, by arguing that the separation would place the colored people in an inferior position. The majority argued that the inferiority that existed in the colored people existed only in the minds of the African Americans. The judges introduced a scenario in which they assumed that the colored race was the superior one in the state legislature, then they would pass laws in the precise terms as the current laws that the white race would be relegated to the inferior race. The other unproven statement made in this argument by the Supreme Court is that African Americans would be happier if they were not mixed with the white or other ethnicities. In the third sentence of the passage, the majority argued that if the two races were â€Å"to meet upon social inequality†, natural affinity might have caused it. In addition, the acknowledgment of each other’s abilities and the consent of individuals had to be there.Advertising L ooking for essay on constitutional law? Let's see if we can help you! Get your first paper with 15% OFF Learn More They assumed that social prejudice could not be overruled by legislation. The fourth amendment of the Constitution was effective in protecting against social prejudices, the colored people were protected against being deprived of â€Å"liberty† because of races segregation. Passing the law of segregation and expecting the races to mix through a natural inclination is ridiculous as the law creates an assumption that penetrating is similar to breaking the law, and therefore, impossible. It is believed that prejudices that exist in the society can be eliminated by legislation. Brown’ s argument lacks logic, he assumes that the blacks are suffering from inferiority complex; he forgets that they might have been prompted to do so by the â€Å"badge of inferiority† that has been afflicted to them by the law. He chooses to question the plaintiff ar gument but doesn’t question the laws. He does not believe that the fourteenth amendment of the constitution also protects the colored race from the southern states laws. He only believes that the fourteenth amendment was supposed to protect blacks from slavery. Brown in his argument doesn’t bring forth the evidence to prove the scenario in which he stated that, if Blacks were put in the same position as Whites, they would do the same as that done by whites in legislation of segregation laws†, his scenario is thus implicitly made. His statement assumes that whites would never be the inferior race even if the reverse is done; his belief undermines his later statement that the law should allow â€Å"mutual appreciation of each others merits† John Marshals dissenting opinion predicted that decision set forth in Plessy v Ferguson would become infamous just like that of Dred Scott v Saidford, in which he called for a ‘color-blind’ constitution. He g ave an example of the Chinese race (a race which was viewed as inferior) as Chinese people were allowed to share the same facilities with the whites. He alluded to the fact that the Chinese race was very different from the white race, but people were allowed to mix with the whites, so why the blacks could not be allowed to do the same. The sole dissenting judge also acknowledged that these laws allowed for a form of slavery in contravention of the constitution, the lifestyle led by blacks was similar to that discussed by Professor Brook Thomas in his lecture during the world war in which a black general was not allowed to dine with Nazi prisoners; thus the law can be considered to be unconstitutional.Advertising We will write a custom essay sample on Counter argue Plessy v Fergusson specifically for you for only $16.05 $11/page Learn More The law is also unconstitutional as the effect is only felt by the blacks and not the whites, it is clear that the l aw was trying to protect the inferior Whites from the superior blacks and not the other way round. The segregation laws were creating a conducive environment for the Whites while inconveniencing the blacks, as judge Harlan states, the purpose of the statutes was to exclude blacks from railroads assigned to whites and not the other way round. And according to the fourteenth amendment of the United States Constitution laws, the immunities of citizens shouldn’t be enforced by states as they are unconstitutional, assuming that one can create two separate systems that are similar to each other and can never be achieved. The law’s purpose was to abolish racism and, in addition, establish absolute equality of the races based on the law as opposed to political, social, or a combination of the two, stating otherwise is incorrect. Any other distinction based on color cannot be seen as intending to abolish natural rights and freedoms. On the other hand, it is impossible to enforc e political or social equality as they are different from each other, the law that permits the separation of one race from the other doesn’t necessarily imply that one race is inferior to the other. An example of this is the separation of people according to their races in schools, church and many other places. This separation has been held to be valid legislative prerogative, and the northern states have been the longest and the most earnest enforcers and defenders of the political rights of the colored race. They have acknowledged the validity of the separation laws (Fogli ,para 2). Works Cited Fogli, Counterarguing Strategies, U. S. 2007.Print This essay on Counter argue Plessy v Fergusson was written and submitted by user Finnegan Gallegos to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Qualitative and Quantitative Methodologies

Qualitative and Quantitative Methodologies Abstract Proponents of using quantitative or qualitative methodologies in the research process are inclined to point at advantages of their preferable paradigm while ignoring strengths of the other methods. Nevertheless, debates on the problem seem to be groundless because today researchers choose methodologies while focusing on the purpose of their studies, and they often mix methods to receive the most valid results.Advertising We will write a custom critical writing sample on Qualitative and Quantitative Methodologies specifically for you for only $16.05 $11/page Learn More In this context, inquiry concerns proposed by Patton to discuss the qualitative studies seem to be relevant to evaluate the quantitative methodology. From this perspective, it is rather difficult to determine the paradigm that can be discussed as more credible than the other one. That is why, modern debates are not as active as decades ago, and proponents of both quantitative and quali tative methodologies propose to combine their features in one credible methodology. Introduction Current debates on the acceptability of using quantitative and qualitative methodologies and methods in science are based on the traditional opposition in the views of researchers who declare the advantages of different methodologies. According to Patton, the observed debate on selecting methodologies has its origin in the â€Å"long-standing debate in science over how best to study and understand the world† (Patton, 2001, p. 571). The debate is grounded not only on the problem of selection of methods but also on the opposition in theories and philosophies on which methodologies are based. Thus, the quantitative methodology refers to ideas of positivism, where the focus is on empirical factors and a distant researcher. According to Sale, Lohfeld, and Brazil, â€Å"the investigator is capable of studying a phenomenon without influencing it or being influenced by it† (Sale et al., 2002, p. 44). The opposite situation is observed with references to the qualitative methodology because it is based on constructivism, the main idea of which is the construction of the knowledge based on the analysis of multiple realities (Sale et al., 2002, p. 45). Although the debate between proponents of qualitative and quantitative methodologies is still present in the scientific world, this debate is transformed into the discussion of possibilities to combine the qualitative and quantitative methods in order to receive the integrated inquiry which has strengths of both methodologies.Advertising Looking for critical writing on philosophy? Let's see if we can help you! Get your first paper with 15% OFF Learn More From this point, the purpose of this research paper is to evaluate the current debates on the acceptability of using quantitative and qualitative methodologies and to discuss the possibility of creating the effective integrated inquiry to ov ercome weaknesses and biases associated with using quantitative or qualitative methodologies. Assessment of typical inquiry concerns Developing the evaluation of the debates, it is necessary to discuss how researchers determine trustworthiness in relation to their methods and findings. Validity and reliability are the basic concepts which are used to discuss the effectiveness of quantitative methodologies. Boudah notes that these categories and concepts are not appropriate for discussing the qualitative methodologies because the qualitative data are usually presented in abstract notions (Boudah, 2010, p. 76). As a result, the main focus is on assessing credibility of the qualitative research based on three inquiry concerns formulated by Patton. The first important concern is the focus on â€Å"rigorous methods for doing fieldwork†; the second component is â€Å"credibility of the researcher†; and the third one is the â€Å"philosophical belief in the value of qualitat ive inquiry† (Patton, 2001, p. 570). At this stage, it is important to state why these aspects are determined as basic ones for discussing methodologies used by scientists. The focus on â€Å"rigorous methods for doing fieldwork† means using the most accurate methods and precise techniques in order to collect and analyze the data to receive credible and supported results (Patton, 2001, p. 570). From this perspective, the quality of the research directly depends on the quality of selected methods, tools, and techniques, thus, the quality of a methodology. This aspect is important to be referred to while developing the research because it creates the fundament for the investigation. The role of the researcher is also important because the quality of findings depends on the researcher’s training and experience in the field (Boudah, 2010, p. 76; Sale et al., 2002, p. 46). Patton concentrates on the discussion of the qualitative methodology, and the third criterion ca n be explained as the necessity of appreciating qualitative methods as primary techniques (Patton, 2001, p. 570). In this case, the third aspect cannot be discussed to evaluate quantitative methods. Still, the other two criteria can be used to discuss the appropriateness of the quantitative methodology.Advertising We will write a custom critical writing sample on Qualitative and Quantitative Methodologies specifically for you for only $16.05 $11/page Learn More Inquiry concerns related to qualitative versus quantitative inquiries The criteria proposed by Patton are the fundament to direct the researcher’s activities regarding his work with the qualitative methodology. Differences in working with the qualitative data are discussed by Boudah who states that â€Å"the researcher processes the data in a unique way, based upon training, experience, bias, and other factors. This is different from the processing of statistical data† (Boudah, 2010, p. 76). In this case, the choice of methods and the researcher’s experience affect the research process significantly. As it is mentioned in the assessment of traditional inquiry concerns, such two aspects as the quality of methods and credibility of the researcher should also be discussed in the context of the quantitative methodology because two paradigms have not only differences but also similarities. According to Sale, Lohfeld, and Brazil, two methodologies are similar because â€Å"they share the tenets of theory-ladenness of facts, fallibility of knowledge, indetermination of theory by fact, and a value-ladened inquiry process† (Sale et al., 2002, p. 46). It is important to state that modern experimental and exploratory studies focus on collecting not only quantitative data but also qualitative data. As a result, to evaluate evidence, researchers need to use elements of the qualitative methodologies in addition to quantitative techniques (Sale et al., 2002, p. 45) . Consequently, such traditional quantitative methods as experiments receive the features of qualitative studies. In this situation, the focus on inquiry concerns formulated by Patton is helpful for scientists who were traditionally discussed as users of quantitative methodologies. The most credible methodology The active debates develop round the question of the methodologies’ credibility or validity. In order to support their vision of methodologies’ credibility and determine the most credible and acceptable paradigm, researchers discuss methodologies’ strengths and weaknesses. In this context, the qualitative methodology is often discussed as less credible than the quantitative paradigm. Patton claims that there is â€Å"a lingering bias† against the qualitative methodology in the scientific world, and as a result, the qualitative data seems to â€Å"carry the stigma of ‘being soft’† (Patton, 2001, p. 573). The researchers support t heir ideas while stating that qualitative methods are rather ‘subjective’ in contrast to ‘objective’ quantitative methods based on logic and facts because the quantitative data are presented in easily generalized numbers when the qualitative data are presented in abstract notions (Bryman, 2007, p. 9; Sale et al., 2002, p. 47).Advertising Looking for critical writing on philosophy? Let's see if we can help you! Get your first paper with 15% OFF Learn More Dependence of the qualitative data on the researcher’s interpretation is considered as a main challenge for discussing the paradigm as providing the objective data. Patton states that â€Å"qualitative rigor has to do with the quality of the observations made by an evaluator† (Patton, 2001, p. 575). In addition, according to Kerlinger, numbers extremely matter in the research because â€Å"everything is either 1 or 0† (as cited in Berg Lune, 2012, p. 4). From this perspective, the researchers are inclined to discuss the qualitative researches as dependent on a range of subjective factors. Berg and Lune state that â€Å"qualitative researchers need to be more precise, more careful in their definitions and procedures, and clearer in their writing than most other scientists† (Berg Lune, 2012, p. 4). It is a strategy to make the qualitative methodology more appropriate for using in the scientific world. In this context, proponents of the quantitative method s state that this paradigm is more workable and appropriate for the research in fields of psychology, nursing, and social sciences (Berg Lune, 2012, p. 5; Boudah, 2010, p. 76). The numerical data associated with the quantitative research is clear and representative. Thus, to receive the objective results and findings, proponents of the quantitative methodology offer to use experiments and studies where the results are calculated with statistical methods (Sale et al., 2002, p. 45). However, Patton, as a proponent of the qualitative paradigm, proposes the counterargument while stating that â€Å"numbers do not protect against bias; they merely disguise it† (Patton, 2001, p. 574). In this case, the users of quantitative methods remain to be confused because â€Å"numbers convey a sense of precision and accuracy even if the measurements that yielded the numbers are relatively unreliable, invalid, and meaningless† (Patton, 2001, p. 573). Following the ideas proposed by Gel o, Braakmann, and Benetka, it is possible to state that there is a â€Å"fundamental issue which has been often ignored within quantitative research: the issue of the ontology and epistemology of variables† (Gelo, Braakmann, Benetka, 2008, p. 267). Variables presented in quantitative measures often include the qualitative information in them because there is often a focus on the relationship between variables that is observed at the level of both quantitative and qualitative data (Gelo et al., 2008, p. 268; Sale et al., 2002, p. 45). From this perspective, the discussion of the quantitative methodology as more credible because of the focus on numbers seems to be unsupported with the practice of scientists. In this context, it is impossible to choose the most appropriate or effective methodology because it is necessary to refer to the purpose of the research rather than to the presence or absence of numerical data in results. The most actively used methodology in the scientif ic community While discussing the credibility of qualitative and quantitative methodologies, researchers often notes that the quantitative paradigm is more appropriate because it is frequently used in the scientific community. According to Gelo, Braakmann, and Benetka, quantitative approaches prevail in the scientific world; and focusing on the field of psychology, investigators note that â€Å"quantitative approaches have always dominated mainstream psychological research† (Gelo et al., 2008, p. 268). However, the vision of Gelo and the group of researchers is discussed as irrelevant by Bryman because the focus on the qualitative research and personal experiences is the basis for psychology (Bryman, 2007, p. 9). The more convincing argument against the prevalence of quantitative methods is proposed by Boudah and Patton, who state that the qualitative paradigm is more actively discussed in the field of social sciences when it is necessary to make conclusions based on observat ions or interviews (Boudah, 2010, p. 77; Patton, 2001, p. 580). Furthermore, those quantitative and qualitative paradigms followed in the modern scientific research, especially with the focus on the field of psychology and social sciences, should be discussed as mixed because researchers are inclined to combine methods to receive more detailed results. Creation of one integrated inquiry Many researchers agree to stop debates on the effectiveness of qualitative and quantitative methodologies with creating an integrated inquiry that could address the needs of proponents of both perspectives (Boudah, 2010, p. 77; Bryman, 2007, p. 9). The main question formulated as a result of prolonged debates on the appropriateness of qualitative and quantitative paradigms is â€Å"how to combine the strengths of each in a multimethods approach to research and evaluation† (Patton, 2001, p. 574). The researcher continues his discussion of the necessity to propose a new approach to research whil e stating that it is necessary to focus on â€Å"more balance and a better understanding of the situations for which various methods are most appropriate as well as grounded experience in how to combine methods† (Patton, 2001, p. 586). While being developed, this mixed approach can be discussed as effective to be utilized in different areas of knowledge and practice because many issues are too complex to be explored only in the context of one paradigm, and these complex questions require the discussion of data â€Å"from a large number of perspectives† (Sale et al., 2002, p. 46). In this context, the development of the integrated inquiry is the most effective solution in order to end the debates on the effectiveness of qualitative and quantitative methodologies. Both methodologies can be discussed as helpful to present objective and credible results, and the researcher benefits while combining the approaches. Conclusion Debates on the effectiveness of quantitative and qualitative methodologies are the characteristic feature of the scientific world. In spite of the fact that strengths and weaknesses of both paradigms can be clearly identified, there is an opinion that the quantitative methodology is more appropriate to be used in the research process because it provides the objective numerical data. However, the proponents of the qualitative methodology argue that such statements are groundless because the qualitative paradigm also has many strong points, and it is actively used by researchers. Having evaluated the visions and opinions of supporters of different paradigms, it is possible to state that the modern debate is rather unfounded. From this point, it is almost impossible to determine the paradigm that can be discussed as most credible in the situation when researchers are inclined to focus on combining methods belonging to different paradigms. Today, the debate on the problem is based on the idea of developing a paradigm that could combin e the features of quantitative and qualitative methodologies in one credible methodology. References Berg, B. L., Lune, H. (2012). Qualitative research methods for the social sciences. New York, NY: Pearson Education Inc. Boudah, D. (2010). Conducting educational research: Guide to completing a major project. New York, NY: SAGE Publishing. Bryman, A. (2007). Barriers to integrating quantitative and qualitative research. Journal of Mixed Methods Research, 1(1), 8-22. Gelo, O., Braakmann, D., Benetka, G. (2008). Quantitative and qualitative research: Beyond the debate. Integrative Psychological Behavioral Science, 42(3), 266-290. Patton, M. Q. (2001). Qualitative research evaluation methods. New York, NY: SAGE Publications. Sale, J., Lohfeld, L., Brazil, K. (2002). Revisiting the quantitative-qualitative debate: Implications for mixed-methods research. Quality Quantity, 36(1), 43–53.

Business costs Assignment Example | Topics and Well Written Essays - 1000 words

Business costs - Assignment Example For example, a firm always prefer to produce any unit of output who’s per unit marginal revenue exceeds the marginal cost of the unit. By doing so, the firm would gain more revenue by selling that unit. On the other hand, if the marginal cost of a unit of output is more than its marginal revenue; in that case, the firm avoids producing that unit. If the firm produces such unit, it would incur loss rather than profit on the unit. 2- What do you understand by the term economies of scale? Reductions in per unit cost resulting from increase in market size and increase in firm are called as economies of scale. Any unit cost reduction that occurs when a firm increase its production base or aggregately, the market in which that firm is producing its units, increase. Over that period of time; globally as well as locally, the firms and the markets are increasing. This increase in both is mostly contributed by the latest means of technology, which are mostly used nowadays in the process of production. For example, previously much work was carried out manually as a result, a sufficient amount of resources were consumed. Thanks to machinsation and computerisation that have sufficiently added in the process of economies of scale. ... enue- totally equalling with the total costs- or in total units of production, the cost of produced units offsets the revenue obtained by the sale of units. Some reasons may justify a company keep producing units even it is making loss. First, the loss, occurred by the break-even point or near to that point, most of time doesn’t last for a considerable period of time. The company may be experiencing a seasonal variation in the demand of a particular unit. As soon as that period of seasonal variation in demand ends, the company again observes profits- revenue exceeding costs. 4- What market power may large firms enjoy? How and why may a government seek to limit this? Market power is associated with the behaviour of a firm and the way firms affect competitive conditions and prices in a market (Bourdet, 1991). The way a firm adopts its supply of goods and services production mechanism and its aggregate strategy towards its prices determines its market power. For example, if a fir m has 70 percent market shares in the sale of a particular commodity. Under this condition, it would not be incorrect to say that the firm has sufficient market power to affect and control the prices of that commodity. A government via legislation can restrict to limit the market power of the firm. By enacting a particular legislation and implementing it, the government would become in a position to limit the firm’s market power. The main reason for limiting the market power of the firm is to allow the competitive market conditions. The competitive market conditions benefit producers and the consumers as it would protect consumers who would pay higher costs if the firm limit the required level of commodities in market. 5- Consumer gain as much from small business as from large ones. Analyse

MGMT 305 Case Study Example | Topics and Well Written Essays - 250 words - 1

MGMT 305 - Case Study Example anagement complain of time wastage, low production, arrogance and lousy attitude from the workers while, the workers protest the poor treatment from the managers. The president has to decide whether to downsize or reinvestment considering the factors like the cost of reinvesting, compensation for the workers in case they are laid off and the time it will take to establish a new premise of sawmilling ( Eckes, pg. 492). The company establishes and grows, if it establishes these group member competencies that lack in Jackson, BC. The organization has to apply strategic conflict resolving, comforting behaviors where the team from the subordinate to the seniors relate in a friendly manner and incase of problems the employer support the workers either financially or emotionally. Teamwork has to prevail in an organized firm where resources and ideas are freely shared. Communication is vital in a company where flow of information must be maintained through memos, messaging e.t.c. Finally, the following Team Environment should be enhanced. Reward system should be introduced on either performance bases or on any other criteria. Also, proper channel of communication should be enhanced. Physical space should be available for individual growth and privacy. Organizational structure should be observed where different department supervise personal department (Eckes, pg.498.). Finally, organizational leadership should always be a key point where the channel of passing command should be

Failure of Shareholder Value Essay Example | Topics and Well Written Essays - 2000 words - 1

Failure of Shareholder Value - Essay Example The present research has identified that despite its perceived role in stimulating business growth, shareholder value remains contentious in out-of-business quarters. Whereas the corporate executives’ penchant for maximizing the share price lacks any historical or legal basis, the refusal of shareholder value in a business organization may as well spell the end of the company’s operations. Regardless of the reasoning, Cole, Sturgess, and Brown have argued that there is no empirical evidence linking corporate focus on shareholder value to an improvement of the status of the economy and or the society. Shareholder value is said to have begun in the second half of the 20th century as an imperative control for managerial  excesses, but over the history, it has turned into a skewed, self-interested doctrine preferred by economists, finance managers, and over-paid corporate managers. According to Roth the supremacy of shareholder value has not yet been codified in law as th e most important priority of the corporate world. In most markets, business organizations can be established for any legitimate purpose. In fact, there is no corporate charter that supports the need to maximize profits or share value. Equally missing in law is the need for executives and company directors to be indebted to shareholders under special conditions. The executives owe a fiduciary responsibility to the business organization, which is an amalgamation of different stakeholders. The only exception is that shareholders are legally entitled to the corporation’s residual value upon the organization’s fulfillment of its other duties. Notably, company directors still have sweeping powers over the residual value, provided they are not channeling the money to their own pockets.

Analysis Of Foreign Direct Investment In Malaysia Economics Essay

Analysis Of Foreign Direct Investment In Malaysia Economics Essay Foreign direct investment (FDI) is an activity in which an investor resident in one country has a lasting interest in, and a large influence on the management of an entity resident in another country (OECD, 2003). It involves either greenfield investment or merger and acquisitions (MAs). The former represents generating a wholely new enterprise and it exerts more positive effects, while the latter represents amending the ownership of existing enterprises and it has a lower positive effect or even a negative externalities. FDI can also be defined as other kinds of financial transactions among enterprises, such as reinvestment of the earnings of the FDI enterprise or other transfer of capital. There are various forms of FDI, in which one of them is the ownership of the full penalty of the shares of the national firm or possession of the project before the acquisition of the foreign investor. Joint venture is another form of FDI, in which a company is being set up in the host country with the collaboration of local partners. Due to the partnership and the experience of the local market, this form is generally preferred. Another reason that makes it less risky is that foreign partner is not given the right to fully intervene over the operation of the project. In addition, FDI could be in the form of setting up new subsidiaries or branches of foreign parent companies, as well as marketing goods in the host country (Madura, 2006). FDI consists of the establishment of mobile and huge equipments like aircraft and oil; construction activity, exploration or extraction of natural minerals; acquisition of real property by foreign investors; retained profits, which accelerate capital accumulation; investment property rights, which are the funded projects and the setting up of companies and factories in which investor is a direct partner with shares atleast 10% of the total property rights (Abdel Ghaffar, 2002). There are determinants of FDI in the recipient country, despite its benefits. First of all, the economic determinants are separated into three components: (i) the economic determinant related to investments that seek to market along with abundance and growth of per capita income and size of the market as well as the free areas. (ii) the economic determinants related to those investment that are making production efficient, and (iii) involving those investments that seek the resources and assets, having plenty of primary natural resources, infrastructure, and most of the investment involve horizontal integration in seeking investment in the market. In addition, there is also a factor called policy framework that determines FDI in the host countries. It consists of institutional framework and economic policies that have an impact on investment in the host countrys political stability, law and legislation, exchange rate and others. Another determinant is related to business facilitation , i.e. the particular facilities to assist management of investors, the promotion of investment, building reputation, investment incentives, administrative and bureaucratic practices, as well as the provision of social services (Chung et al, 1999). According to Choong and Lim (2009), the choice of models for economic development determines the channels through which FDI influence economic growth. For example, a great impact of FDI on economic growth which can be observed via the production function is theorized by the endogenous growth models. In particular, foreign capital inflows (FCIs) have a significant impact on domestic capital formation or accumulation, in which it either has a crowding-out or a crowding-in effect on local investment. If foreign capital complements domestic capital, FDI will have greater influence on output growth. On the other hand, if FDI expand the variety of intermediate and capital goods, then the productivity level of the recipient country can be enhanced. Moreover, FDI reduces unemployment by creating job opportunities (Borensztein et al., 1998). FDI is important in the sense that it provides investible funds and foreign exchange earnings, in which foreign exchange can be used to import raw materials (Wong Jomo, 2005). Both elements enlarge the resource availability of a country, thus enhance savings and investment, and in turn promote economic growth. Therefore, it will help developing countries to eventually achieve self-sustained growth. This is because higher investment and growth rate with foreign capital supplement, are in turn also increase the domestic saving rate. Most developing countries do not have enough capital goods to meet the desired investment level and required inputs have to be imported by using foreign exchange. FDI makes up for any foreign exchange shortage by bringing in foreign exchange to pay for the necessary imports of capital and intermediate goods. Besides, it brings in new technology, technical assistance and expertise, scarce managerial skill, international marketing connection, marketing know- how etc. Foreign direct investment played a crucial role in Malaysian economy since last few decades. Through both micro and macro levels, FDI can affect a recipient country (Choong Lim, 2009). In micro level, via labor training, technological transfer, and positive spillover effects, multinational corporations (MNCs) can bring in technical and management efficiency to local firms. While for the latter case, FDI may affect both the financial variables (like balance of payment (BOP), inflation, interest rate, and foreign exchange rate) and real variables such as import, export, employment, economic growth and domestic investment (Levine, 1997). According to Choong and Lim (2009), it cannot be denied that the significancy of FDI is greater in diffusing or transferring technology know-how embodied in human capital such as organizational arrangements, new management practices, skill acquisition, and training. All of these will promote greater economic growth through higher level of efficiency and productivity in labor. On the other hand, by raising the technological level in the recipient country, FDI can bring technological change equally to both labor and capital. In this case, via a learning-by-doing process, economic performance can be influenced by FDI. In particular, expertise in fully occupied factor endowments of the recipient country, new managerial and organizational techniques, international marketing connections, product design and production methods can be diffused by FDI (Dunning, 1995). Imitation is therefore important. FDI is also favorable to the productivity of local research and development (RD) activities. In contrast, FDI may harm domestic economy. First of all, FDI may have a substitutive effect on domestic savings. Any negative effect of FDI on the domestic saving rate will have negative side effects on the investment rate. In addition, liberal regulations on income repatriation, which is often considered necessary as an investment incentive, may also adversely affect the balance of payment (BOP). If the private capital inflows are not large enough to fully offset net dividend outflows, meaning that the net financial contribution of FDI will be negative. The huge outflows of interest payments also will contribute significantly to the service account deficits, which will in turn have negative implications for macroeconomic stability. The danger of high import content may also deteriorate the domestic economy. Specifically, large influx of FDI into a country may lead to huge imports of investment and intermediate goods, which will in turn contribute significantly to growing import bil l, declining merchandise account surplus and large current account deficit. High import content also implies low domestic value-added and limited domestic linkages. In short, FDI may cause import propensities to increase. Furthermore, FDI may also result in an increased industry concentration, which is equivalent to high degree of market power for a few large firms, resulting in high barriers to entry for other small firms. To the extent that large firm is MNCs, a crowding out of local firms can be assumed to have taken place (Wong Jomo, 2005). FDI is also conventionally seen as a critical source of capital accumulation of a country from the perspectives of standard neoclassical growth models (Solow-type) (Choong Lim, 2009). Specifically, there is no disparity between oversea and local capital in stimulating output growth. It is also suggested that FDI significantly affect growth only in the short term, but not in the medium or long term, given the assumption of diminishing return to capital (Barro Sala-I-Martin, 1992). In short, there are various forms of FDI and it (FDI) consists of the establishment of mobile and huge equipments. FDI is benefical to a countrys economic performance as well as welfare. However, there are also disadvantages that bring harm to a nations economy. 1.2) Historical Background of Malaysia According to World Bank (1993), Malaysia was designated as one of the East Asian Miracles due to the rapid growth of its economy during the period of 1960-1990. The steady growth rate (long lasting) attained drew a lot of attention around the world. In the 1960s, the economy grew annually in an average of 6%, followed by 7.3% per annum in the first half of the 1970s, which indicated an improvement in the growth rate. After that, it performed better by achieving higher growth rate (GDP) at 8.6% per annum until 1980. However, in 1981-1985, the growth rate slowed down to 5.1% annually, followed by a pick up again to 6.7% annually in 1986-1990. From 1996 to 2000, the economy grew at a slower rate of 4.6% per annum, following a relatively faster growth of 8.7% annually in 1991-1995 (Jajri, 2009). Based on the report, it was shown that FDI generally plays a critical role in the economy of Malaysia (Wong, 2006). FDI has been carrying a heavy weightage in Malaysias GDP. For example, it carried 23.7% in 1985, 24.1% in 1990, and even 65.3% in 1999. Over time, there was also a rise in the stock of FDI. For instance, it was 7.4 billion U.S dollar($) in 1985, raised to $10.3 billion in 1990, and even increased by $44 billion from 1990 to 2000. Furthermore, in terms of gross fixed capital formation, FDI has been carrying a high portion, that is, it carried 15.1% in 1997, 13.9% in 1998, and even 20.1% in 1999. Since manufacturing industry has been attracting the largest amount of FDI in Malaysia compared to other industries, we will specifically concentrate on it. According to Yusop and Ghaffar (1994), in the development of manufacturing industry in Malaysia, FDI plays an important role. By enhancing product quality, the competitiveness of the manufacturing export (Malaysian) has been improving globally. In addition, business experiences and technology know-how has been spilled over to Malaysia when various multinational corporations (MNCs) invest directly in the manufacturing sector in Malaysia. One of the major strategies of the policy makers is to open foreign investment projects which can enlarge the countrys resource availability and potentiality, diversify investments or activities and promote economic development through contribution of capital, skilled jobs creation, and technological transfer (Jajri, 2009). Attracting FDI was one of the Malaysian governments key approaches to stimulate growth. The country always favored a welcome policy on investment and trade since the 1980s. Obviously, FDI has a crucial role in the formation of capital and thus, the economic development. In the 1980s and 1990s, Malaysia was very participative in deregulating its investment regime in the manufacturing sector compared to other countries under the Association of South East Asian Nations (ASEAN). We can observe a significant progress when Mahathir Mohamad, our former prime minister, launched the new joint venture projects (especially with Korea and Japan) with the state-owned enterpris e (SOEs). For instance, Malaysia received large inflows of FDI accompanied by better expertise and technology due to the promotion of the Investment Act in 1986. In particular, various incentives like the establishment of Free Trade Zones (FTZs), export promotion by having tax deduction, tax allowances for projects expansion, investment expansion, tax holidays, pioneer status and other kinds of incentives to attract FDI were being provided. In the late 1980s, Malaysia continued to pursue trade liberalization by deregulating the barriers over capital ownership of MNCs, which in turn raised its FDI inflows. Over the years, the rates of tariff in Malaysia have gradually decline because FDI is needed to take entrepreneurial risks in order to make profits, at the same time to enhance the host countrys productivity. Despite the importance of other determinants, the strategic location of Malaysia is the main factor that attracted foreign investors to invest in the domestic markets (Jajri, 2009). As a result, Malaysia has been receiving vast amount of FDI during 1980s and 1990s. However, since the early 1990s, total foreign investments had been slowed down in several periods, though it has generally been increasing over the years. Specifically, a decrease in investments from Taiwan and Japan, the major source of investments led to a substantial decrease in FDI in 1993. The drop in investment can be attributed to the lacking of competitiveness in terms of labor cost as compared to other South East Asian countries like Indonesia and Vietnam. On the other hand, investments that are not much affected by the rising labor cost (relatively) in the manufacturing sector such as investments in petroleum and petroleum related products sector by US were relatively stable. Asian Financial Crisis in 1997-1998 which affected most of the South East Asian countries is another key reason to the decrease in investment to Malaysia. Nonetheless, the substantial depreciation in ringgit Malaysia (RM) against US dollar led to an increase in the value of investments by General Electric, Boeing and other US-based huge MNCs. Therefore, local consumers were benefited from a positive effect of the influx of the US investors in terms of after-sales service and follow-up services, which are highly valued by Malaysians (Jajri, 2009). In short, due to the successfulness in the adoption of economic policies, programs and strategies, Malaysias economic performance has been spectacular from the late 1980s (Karim Ahmad, 2009). Nevertheless, its distribution gap of economic growth among states has to be filled. As a consequence, the government continues to prioritize the distributional affairs in its national development plans. In order to decrease the imbalances of social welfare between states (less and more developed), a poverty alleviation program was adopted in its regional development plan. During the Third Outline Perspective Plan (OPP3) period (2001-2010) which was under the National Vision Policy, agricultural, services, and manufacturing sectors are being determined to facilitate a more rapid economic growth under the program. Specifically, in the manufacturing sector, foreign and domestic firms were given incentives to diversify their activities across all states. In this case, liberal equity policies, tax incentives, and different types of investment options were provided in order to attract FDI inflows into Malaysia. Figure 1: Malaysias foreign direct investment (FDI), net inflows from 1970 to 2008. Source: World Bank. Figure 1 illustrates the trend of Malaysia FDI inflows from 1970 to 2008, where the X-axis represents time period in year while the Y-axis measures FDI net inflows in thousand of US dollar. From the period of 1970 to 1982, although Malaysias FDI inflows shown an increasing trend (gradual), it was quite inactive due to the lack of knowledge, unpopularity in this area, as well as restrictive government policies which in turn will result in less mobility of capital between countries. In 1982 to 1987, there was a slight decrease in Malaysias FDI inflows before it raised dramatically in 1987 from approximately US$0.5 million to about US$5 million in 1992. This was due to the Japans currency appreciation, Japans and Asian newly industrialized economies (NIEs) trade friction with the US and European Union (EU) countries, as well as Japans and NIEs rising wage rates in the mid-1980s (Wong, 2006). In addition, the equipped necessary infrastructures for investment need and incentives (monetary and fiscal) provided by the government led to the increment of Malaysias FDI inflows. Another reason that causes the increase of Malaysias FDI inflows is the pool of disciplined and well-trained workers with relatively low wage. To further encourage investment activities in manufacturing industries, the Investment Act 1986 was introduced. The introduction of this act reflected Malaysian governments active efforts in stimulating private sector investment since the mid-eighties, that was when the country facing its worst recession. As a result, there were more foreign investors, especially from China switching their capital (investing) into the country. After that, the trend of FDI inflows was decreasing from 1992 to 2001, followed by an increasing trend from 2001 to 2007, before it decreased in 2008. In conclusion, Malaysias FDI inflows were fluctuated from 1970 to 2008. 1.3) Problem Statement Although Malaysia received FDI from China, it has to contend with China (one of the emerging economies) for oversea funds and facing domestic constraints and structural weaknesses simultaneously. Specifically, these limitations include high cost of doing business, inappropriate public delivery system and lack of skilled labors. In addition, Malaysia was relatively low in terms of production cost competitiveness compared to other countries, and Malaysias capital outflows trend has generated a few issues. One of them is the chances that deteriorating FDI will lower the countrys potential output, given falling private investment. Another concern is about a loss in domestic investors confidence in the country which is resulted from capital outflows. In short, Malaysia is still lag behind in ease of doing business. For a developing country like Malaysia, the issue of job creation is very important. According to Abor and Harvey (2008), although FDI is related to technological unemployment, it does play a critical role in job creation. FDI inflows from China are associated with large-scale and mass production and thus there is a need for large amount of domestic labor force to maintain the high production. In short, Chinas FDI serves as an alternative engine of growth to Malaysia. Besides increasing domestic investments, it improves the ability of foreign technology absorption, contributing to technology transfers and helping in innovation, promotes international trade integration, and thus brings our country to a competitive situation (Ghosh Wang, 2009). Figure 2: Chinas FDI outflows to Malaysia from 1987 to 2009 Source: Malaysian Industrial Development Authority (MIDA) Figure 2 depicts the trend of FDI outflows from China into Malaysia over 1987-2009 through annual flows and its share in total Chinas FDI outflows to Malaysia in ringgit Malaysia (RM). Since the late 1980s, it shows a small fluctuation in trend of Malaysias inward FDI from China with a relatively stable and low amount (amount not deviate too much). During the 1990s and early 2000s, the stable trend showed that China has opened up its economy to international trade and this in turn lead the amount of Malaysias FDI receipts from China increased. In 2006, we can see that there is a dramatical increase in trend due to Chinas heavy investment in Malaysias big steel project in Terengganu in producing flat irons, slabs, billets, hot rolled coils, and the former also involved in the mega project of Penangs second bridge. However, after the peak in 2007, there was a sharp decline in amount of Chinese investment which was mainly attributed to 2007/08 global financial crisis. China played a major role in the expansion of intra-regional trade and vertical specialization which are becoming increasingly important. According to Zebregs (2004), China carried 32 % proportion of Asians total export growth. The rising intra-regional trade among the Asian high-performing countries was significantly affected by spectacular outward-oriented growth performance of the Chinese economy. The vertical specialization in the case means China imports raw materials or intermediate goods from Malaysia and to produce final products which will be exported back to Malaysia. In recent years, Chinas trade has became more vertically specialized and Chinas exports contain a large proportion of imported goods from other Asian countries including Malaysia (Rumbaug and Blancher, 2004). Besides that, China is guaranteed to be continuously affect the growth trends of Malaysian economy due to the formers rapid economic growth, openness and size of economy. China became an example of autonomous liberalization as it became the biggest liberalizer of the local economy. China and other Asian high performing countries pursued free trade among themselves to the World trade organization. Furthermore, an increasing number of Malaysias capital goods and investment, components and sub-assemblies, parts, as well as primary products have been absorbed by China. In this short time period, a wholely new investment and trade pattern has occurred. Malaysian economy has been influenced both directly and indirectly by Chinas investment and trade, in which the indirect influences came from the method in which Chinas investment and trade manipulate Malaysias economic condition; while the direct effects came from Chinas bilateral trade and investment relationships with Malaysia. In short, it is clear that a major economic change in Malaysia has been caused by China. In addition, China also becomes increasingly crucial to Malaysia because of upgrading technology base reasons. According to Das (2008), China managed to absorb a wide range of industrial technologies, and was proven to be superior to other emerging market economies in doing so over the previous two decades, which were also the period when China was gradually becoming the worlds number 1 manufacturer of high-volumed industrial products. The trend was due to its extra focus on science and technology education, the admittance of the private sector into the provision of tertiary education, wide-based education adjustments, and the low-wage, but acceptable skilled and flexible workers. Because of huge and increasing investment, the life span of equipment and plant was reduced to seven years (Das, 2008). In a nutshell, since Chinas outwards FDI is extremely important to our nations economy (and even important to the rest of the world), it is worthwhile and beneficial for us to study its impact on our countrys economic growth. Furthermore, the factors that determine Chinas FDI are crucial in the field of economics, and thus this motivates us to shed some light on them. 1.4) General Objective of the Study The research question and problem statement give us an insight and motivation to analyze the relationship between Chinas FDI and Malaysias economic growth, in which Chinas outwards FDI and Malaysias GDP serve as the respective proxies. Our research will be able to serve as a significant contributor to the efforts in stimulating Malaysias economic growth as well as the field of development economics. 1.5) Specific Objectives of the Study To examine the effect of Chinas FDI on Malaysias economic growth from 1987-2009. To examine the determinants of Chinas FDI outflows in Malaysia. To investigate the short-run dynamic linkage between FDI outflows (China) and economic growth (Malaysia). 1.6) Significance of the Study Most of the empirical literatures in examining the relationship between FDI and economic growth were too general. The rapidly emerging economies in China who is able to provide huge investment funds, provided the recipient country is fundamentally strong in terms of macroeconomics and financial system have not been studied specifically. Thus, through our research, we may able to solve the problem by filling the gap resulted from past researchers. It is a very important study as it may suggest the rationality and suitability of further employing FDI (especially from China) as an engine of growth for Malaysia. As such, it might prevent waste of resources as the government can certainly allocate funds to appropriate areas for economic development and economic growth. In addition, the study on the determinants of Chinas FDI (outward) might suggests some appropriate factors in attracting Chinas outward FDI, which will in turn enhance the efficiency and effectiveness in the efforts or process of attracting Chinas FDI into Malaysia. Therefore, the study may assists policy makers in their decisions to enlarge or enhance certain promising areas, for example market size and human capital development in order to attract Chinas FDI into Malaysia, and thus stimulate economic growth. In short, by conducting this study, we will be able to provide more robust results on the impact of Malaysias trade openness, financial development, and most significantly Chinas FDI on Malaysias economic growth. The relationship was seldom being analyzed by previous researchers. Note that FDI is important to stimulate private investment as well as to create job opportunities. In addition, after the study, we can clarify the determinants of Chinas FDI outflows, specifically the relationship between Malaysias market size, exchange rate, human capital development (all are independent variables), and Chinas FDI outflows (the dependent variable). Lastly, the causal relationship between Chinas FDI and Malaysias economic growth can also be justified after the study. All three aspects being mentioned above are crucial in assisting policy makers to implement sound and wise policies, strategies as well as programs. Therefore, we hope that our research could contribute to the society as well a s the nation as a whole in the expansion and development of our country in order to achieve 2020 Vision and become a developed nation. 1.7) Organization of the Paper The remaining sections are organized as the followings: section 2 represents literature review, followed by section 3 which illustrates the data description and methodology being employed. Our empirical results and interpretation are in section 4 before we conclude in section 5.

Who Is God? Essay -- essays research papers

Who is God? Worshipping is a way to communicate beliefs and feelings of individuals and religious communities. Every society I have every studied from the American Indians to the Ancient Greek have all believed in some form of worship or religion. Altars have been and are in existence in several if not all forms of region. Robert Farris Thompson depicts this for the African population in " Overture: The Concept 'Altar,' " and " With the Assurance of Infinity: Yoruba Atlantic Altars," Face of the Gods: Art and Altars of Africa and the African Americas, through pictures he and others have taken, has well as evidence from assorted books, articles, poems and songs, Thompson shows the meaningful role the Altar had in self expression of the Africans. "The aim is to view black Atlantic art, especially in the New World, in terms of thoughtfully selected [altar] objects belonging to specific philosophic constellations which help to define the face of divinity." Through the oppression of the salve trade, the Yoruba Africans worked to keep there own conception of region intact. "Even under slavery, and under post slavery persecution in the late nineteenth century, the Yoruba of Cuba and Brazil managed to maintain sporadic but precious contact with Africa through networks of friends and traders. They sought the sacred cowries, seeds, and beads of Africa for their religion." This example...