Is Chiang Mai a suitable Foreign Direct Investment Destination?
Is Chiang Mai a suitable Foreign Direct Investment Destination? FOREIGN DIRECT INVESTMENT Foreign Direct investment occurs when multinational companies invest in productive capacity in countries rather than the one in which they are based. Foreign direct investment implies the actual productive capital which generates output, rather than in financial assets such as bonds or shares. Governments are keened to encourage FDI as it brings valuable funds, which ultimately increases the overall investment in the country. Foreign Direct Investment could create thousands of jobs as well as bringing in technical development. This is if the multinational companies import technology to which the country doesn't already posses. Local people in the country being invest in gain knowledge and skills through training schemes and eventually resulting net gain in the national economy. However, foreign direct investment could also be fairly risky to any business. If the market isn't suitable to that particular firm, it could result in low growth potential/ profit levels. For example, China has been the leader of foreign direct investment in the past decade. It's the hottest and most popular economy for firms to explore. Shanghai and Beijing, being the heart of China's growth has seen improvements in almost all sectors. The infrastructure in China has enhanced immensely over time
Explain the strengths and weaknesses of the theory of comparative advantage as a justification for free trade. To what extent have the critics of free trade managed to establish the case credible alternatives trade policies?
Explain the strengths and weaknesses of the theory of comparative advantage as a justification for free trade. To what extent have the critics of free trade managed to establish the case credible alternatives trade policies? Globalisation and free trade are surely one of the most commonly banded-about academic terms in the modern or post-modern "common" world, comprising the mass media and the educational curriculum that we are served today. It is glorified and vilified in equal measure by different peoples of different walks of life. It is frequently verified as playing a very evident part in the everyday lives of basically the entire human race, love it or loathe it. It could be said that globalisation has destroyed many former self sufficient local economies in the third world. Many farmers have been forced to quit their jobs not being able to compete with imported subsidised produce with the impressionable youth deciding to leave their rural homelands in search for a more western lifestyle in the city. Globalisation has led to the proliferation of free trade. It has forced established regional economic trading blocs into competing with each other increasingly more, leading to more regional integration and in turn the setting up and strengthening of free trade areas such as in the European Free Trade Association. "Those who promote the global economy say that the rules
The Political Economy of EU Enlargement.
The Political Economy of EU Enlargement Introduction Enlargement generally is motivated by political factors and the current enlargement is no exception. Enlargement has economic effects and these can be important but are not decisive. The enlargement to the Central and Eastern European Countries (CEECs) has two principal motivations in the EU 15: . The desire to end the artificial division of Europe that existed in the Cold War, combined with a sense of historic obligation related to West's acquiescence in that division. 2. Security: to expand the area where democracy, the rule of law and prosperity holds sway. Countries on the Baltic and bordering the CEECs see particular advantages in enlargement: security and a reduction in their peripherality. Economic advantages are likely to be greatest for these countries. The UK is very supportive of enlargement not least because of its involvement in the division of Europe. France, Spain and Portugal are lukewarm over enlargement, their security is less directly involved and the economic benefits more marginal. These counties' budgetary position is likely to deteriorate as a result of enlargement. The process of enlargement Put at its most basic the new members must accept the rules of the club. So enlargement does not really involve negotiation, the existing Member States must modify the institutions and policies of the EU so
Analysis of the case for Heathrow Airport's Third Runway
Heathrow's Third Runway Introduction: Heathrow Airport London Heathrow Airport, also known as Heathrow, is the largest and main airport located in the United Kingdom. It is the third busiest airport in the world, in number of passengers that take off or land at the airport (Rosenberg 2010). Having 65.9 million passengers go through the airport last year, Heathrow is also a popular stop for people traveling from the United States to Eastern Europe or Asia and vice versa (Heathrow 2009). Located near the city of London, Heathrow has two runways with five working terminals. On January 15, 2009 the British government approved the construction of a third runway and sixth terminal saying "... the move is essential for British business and would retain the airport's status as a major European hub" (Gray 2009). However, a little over a year later the project was terminated by the government. Motivation for the Third Runway The main reason that was presented for the expansion of Heathrow was to promote economic growth in the United Kingdom. Having been in an economic depression, the UK government believed a third runway would help allow for a major economic boost, as it is one of the busiest airports in the world. Being a main airport hub in Europe, Heathrow wanted a third runway in order to keep its status as one of the major airports. With only two runways, Heathrow
Discuss the Fukushima incident in the context of globalisation
Discuss the Fukushima incident in the context of globalisation Lucy Price 21014711 On March 11, 2011, the north-east coast of Japan was struck by the fourth largest earthquake since records began. The earthquake reached an 8.9 to 9.0 magnitude tremor, prompting a massive tsunami, as well as dreadful aftershocks with one even reaching 6.3 magnitude. However, the devastation wasn't over for Japan, another disaster stuck when the Fukushima Dalichi Power Plant declared a nuclear emergency. It was confirmed by Japanese nuclear specialists that pressure, inside 3 of the 6 boiling water reactors, were much higher than normal. This occurred after their emergency cooling generators failed; the proper amount of coolant could not be circulated to reactors, leading them to overheat. The company, TEPCO, that were running the power plant tried to cool the reactors. They did this by releasing radioactive steam and pumping in sea water. US officials flew in emergency coolant to attempt to cool the reactors, but the Japanese decided to handle the situation themselves, and refused the coolant. The problem seemed to be related to a lack of power at the plants rather than a lack of coolant. There was a high level of radiation found surrounding the power plant plant, as well as radioactive water due to broken pipes in the reactor. Plutonium was also found in soil nearby the area of the plant.
Association of Fund Management Companies In Hungary.
ASSOCIATION OF FUND MANAGEMENT COMPANIES IN HUNGARY (BAMOSZ) Founded in 1993 After the Act on Investment Funds was placed into effect in 1992, the participants of the developing market, the Hungarian investment fund managing companies decided at the end of 1993 to establish the Association of Fund Managing Companies in Hungary with the purpose of representing their mutual interests, preserve the purity of the competition and facilitate the further development of the market. The Association's primary tasks: * interest conciliation, interest mediation and interest representation * making the investment funds known by developing an adequate PR * collecting information from the Hungarian market * supporting specialized training * establishing relations with similar foreign organizations (associations) * formulating profession recommendations, mutual principles, establishing the regulations of competition ethics. The Association currently consists of 23 investment fund managers of the 28 licensed managers. The Association members are basically all the active Hungarian specialized companies, being that in the area of managed assets the Association's ratio is 99%. In the past period, the Association placed particular emphasis - due to the quickly developing and changing market environment - on the development of uniform professional standards. In this area, the
Balance of Payments. It follows from double-entry bookkeeping that the balance of payments must always balance : total debits equal total credits . When we speak therefore of a positive or negative balance or a surplus or deficit , we evidently have in m
Balance-of-Payments Concepts It is appropiate to begin by a definition : the balance of payments is a summary statement of all economic transactions between the residents of one country and the rest of the world , covering some given period of time. Like many definitions , this one requiers clarification , especially with respect to the coverage and valuation of economic transactions and the criteria for determinig residency . The coverage of economic transactions refers to both commercial trade dealings and noncomercial transfers , which may or may not be effected through the forigen markets and which may not be satisfactorily recorded because of inadequacies in the system of data collection . Particularly difficult questions of valuation are posed by noncomercial transactions that take place between domestic and foreign-based units of individual corporations . The determination of residency should ordinarily not be difficult , but even here questions may arise concerning the treatment of overseas military forces and embassies , corporate subsidiaries and international organizations . Transactions are recorded in principle on a double-entry bookkeeping basis . Each transaction enterd in the accounts as a credit must have a corresponding debit and vice versa . The distributions commonly made in classifying the various accounts can be seen from the schematic
Jebel Ali Free Zone (JAFZ)
Introduction Free zone is an area adjoining a port where goods that are intended for reshipment can be received and stored without payment of duties). The "Free Zone" came into existence in the beginning of the 80's. Free trade zones are recognized to encourage provincial growth by drawing foreign money. This will be gained through the multiplier effect income and service growth in the region. Free Trade Zones permit importation without limitations, and therefore they reveal relative advantages of the region that are often covered by the system of tariffs and other trade restrictions. Free Zones are the place where convenient business climate is provided in order to increase and expand trade volume and export for certain industrial and commercial activities as compared to other parts of country. Jebel Ali Free Zone (JAFZ) The Jebel Ali Free Zone was established in 1985 with the precise purpose of facilitating investment The Jebel Ali Free Zone is located in the Emirate of Dubai in the United Arab Emirates. JAFZ is underlined by the ISO 9002 certification and is also the first Free Zone in the world to receive this desirable recognition. Jebel Ali Free Zone was established to balance and contribute to Dubai's growth and development, its legal status is quite separate. Companies functioning there are treated as being "offshore", or outside the UAE for legal purposes.
Islamic tourism. On the very morning of 11.9.2001 just a few hours before the terror attacks in the USA, a new bilingual Arab/English tourist magazine was presented in Damascus at an international conference organized by the UNESCO on cultural tourism: n
ISLAMIC TOURISM Introduction It was one of these curious moments in history. On the very morning of 11.9.2001 just a few hours before the terror attacks in the USA, a new bilingual Arab/English tourist magazine was presented in Damascus at an international conference organized by the UNESCO on cultural tourism: namely, "Islamic Tourism", a London based "quarterly magazine of tourism in the Islamic world".i[i] The magazine itself is neither theoretic nor scientific. It is rather oriented to a board public, with easy-to-read reports and lots of pictures. The main new aspect is the "Islamic-shaped" language of the magazine. This is even more interesting than the choice of topics and locations, which are all located in Muslim countries or connected to Muslim locations worldwide. The publisher, Abdel-Sahib Al-Shakry, explains what the meaning of "Islamic" in the context of tourism in nine points, which can be summarized in three main blocks: first, the revival of Islamic cultures and the spread of Islamic values; second, economic benefit for Islamic societies; and third the strengthening of Islamic self-confidence, identity and beliefs in the face of negative stereotyping in comparison to other cultures and lifestyles.ii[ii] While counterproductive binarisms like "Islamic capabilities" versus "popular arts" or "attacks from other cultures" versus "spiritual beliefs of Muslims and
When analysing a definition of the Caribbean, some take into account the idea of All States washed by the Caribbean Sea. With this in mind it is evident that this definition covers a wider area and as such proposes a wider area for economic integration.
When analysing a definition of the Caribbean, some take into account the idea of All States washed by the Caribbean Sea. With this in mind it is evident that this definition covers a wider area and as such proposes a wider area for economic integration. If one is striving to attain a certain degree of economic integration throughout the Caribbean region, it would be wise if not practical to consider the major characteristics of the region so as to understand it better and so that the interests of all concerned could be sought. Fragmentation is defined in the Oxford Dictionary as the scattering or a certain division. Diversity is a dissimilarity or variety. Consequently, the Caribbean can be described as a system of diverse states. Therefore as by definition the Caribbean represents a wide expanse, two major characteristics with which the region is faced is that of Fragmentation and Diversity. To explain the idea of Fragmentation, one should first recognise the fact that the Caribbean is geographically fragmented. Firstly there is the chain of islands representing the Caribbean as an archipelago. Within this area there is also division as the chain of islands can be categorised into The Lesser Antilles, The Greater Antilles, The Netherlands Antilles and The French Antilles. There exists further divisiveness as these islands are sometimes categorically referred to as