Blood Promise Chapter One Free Essays

Accounting Analysis Blenheim Instruments Ltd

Question: Talk about the Repot of Accounting Analysis for Blenheim Instruments Ltd. Answer: Jenny Pike, the associate bookkeeper for Blenheim Instruments Ltd while settling the monetary record of the organization for the bookkeeping time of 30th June 2015 saw that the firm had taken an advance from ABB Bank. Jenny Pike came to see that two clients of the previously mentioned organization are under liquidation and the opportunity to recuperate the obligation sum will fall obviously by 10%. The organization as per the advance understanding needs to keep the proportion to 1.25:1 and this adjustment in the red owing will result to change in the proportion, which will affect the budget report of the organization. The central bookkeeper of the organization in the wake of tuning in to the worries guaranteed Jenny that such changes would not hamper the budgetary presentations of the organization. The bank needs to know the figures of 30th June and any progressions because of the adjustment in record of sale won't sway the budget summary of this current year in light of the fact tha t the measure of cash recoverable for the obligation proprietors can't be guaranteed before the following bookkeeping time frame. The Chief bookkeeper affirmed that by that period, the misfortune could be recuperated and along these lines no decrease will occur of the proportion in the advance understanding. As per the Question, in the event that I place myself instead of Jenny, at that point I would have taken a gander at the measure of receivable exaggerated in a critical position sheet in the budget report and how much obligation is the organization owes from the clients. Two of the clients have gone into liquidation, yet the aggregate sum recoverable from the borrowers is yet obscure. It isn't desirable over change the asset report as per the estimations of the aggregate sum of cash recoverable, thus the announcement of fund for 30th June 2015 will continue as before. The central bookkeeper considerably in the wake of thoroughly considering the difficult when guarantees that any exaggeration of the receivables won't concern the bank this year it isn't obvious to for me to roll out any improvements to the monetary record (Caplan and Dutta 2016). Mr. Russell Bayer, when feels that the suspicion of 10% recoverable from awful obligation, can change in the following year on the grounds th at the sureness of extra awful obligations is obscure and the measure of exaggeration made for the current year. It tends to be gotten before the finish of the following money related year then I feel it is no good reason for transform anything in the fiscal report of the organization. The central bookkeeper is experienced work force and knows about the bookkeeping procedure, so when he guarantees not to freeze, at that point I ought not stress and conclude the monetary record arranged by us. Being the bookkeeper of the organization, I would leave the monetary record as readied and plan to downplay the all out receivable from indebted individuals and equalization it with the real receivable from borrowers in the following bookkeeping time frame to keep up the proportion level as indicated by the advance understanding. Hence I won't change information from the asset report from this year as the executives will likewise consent to keep the equivalent (Vogel 2014). Reference List Caplan, D. what's more, Dutta, S.K., 2016. Dealing with the danger of deluding money related measurements in yearly reports: An initial move towards giving affirmation over administration's discussion.Journal of Accounting Literature,36, pp.1-27. Mileris, R. also, Boguslauskas, V., 2015. Information Reduction Influence on the Accuracy of Credit Risk Estimation Models.Engineering Economics,66(1). Vogel, H.L., 2014.Entertainment industry financial matters: A guide for money related examination. Cambridge University Press. ZAINUDIN, E.F. also, HASHIM, H.A., 2016. Recognizing false money related detailing utilizing budgetary ratio.Journal of Financial Reporting and Accounting,14(2).

What Does It Mean to Be Heteroflexible

What Does It Mean to Be Heteroflexible Relationships LGBTQ Print Heteroflexibility and Sexual Orientations A Brief History of Sexual Orientations By Anabelle Bernard Fournier facebook Anabelle Bernard Fournier is a freelance writer who specializes in home decor and interior design. Shes been writing about interiors since 2012. Learn about our editorial policy Anabelle Bernard Fournier Medically reviewed by Medically reviewed by Steven Gans, MD on February 19, 2019 Steven Gans, MD is board-certified in psychiatry and is an active supervisor, teacher, and mentor at Massachusetts General Hospital. Learn about our Medical Review Board Steven Gans, MD Updated on February 24, 2020 Photo by  Diego Duarte Cereceda  on  Unsplash More in Relationships LGBTQ Spouses & Partners Violence and Abuse From the late 19th century to recently, there were only two possible sexual orientations: straight and gay/lesbian. Bisexuals, pansexuals, and other queer orientations have recently expanded the range of sexual orientation identities. However, our society still expects people to be heterosexualâ€"a phenomenon called heteronormativity. In short, society treats heterosexuals as normal and unworthy of notice, while people who are not heterosexual face extra scrutiny, sexualization, and stigma. Thus, its predictable that people with same-sex desires and behaviors might still want to be seen as heterosexual if only to avoid all the negative consequences of coming out as non-hetero. What is this new category of heteroflexibility and what does it mean? The History Sexual orientation categories appeared in the late 19th century, with the invention of the words homosexuality and heterosexuality. Before the invention of these words, homosexual acts were outlawedâ€"there was no word for identifying as a person who had sex with people of the same gender. In his famous book Gay New York, historian George Chauncey described how New York men in the early 20th century could have sexual relationships with other men without losing their identity as men (which at the time, was synonymous with heterosexual). As long as a man dressed and acted in masculine ways and was the penetrating partner, it was acceptable to have intercourse with other men. Men who acted in feminine ways and were the receiving partner were called fairies, rather than gay. It was all about gender performance, rather than attraction. As the 20th century moved on, however, ideas of heterosexuality and homosexuality took hold as identities. In other words, having sex with people of the same gender became more than an act: it was something someone was, rather than something someone just didâ€"an identity over an activity. These categories have been more or less flexible throughout the last hundred years. The 1960s and 70s were looser in terms of sexual experimentation and identity, while the 80s and 90s saw a return of clear, rigid boundaries around the actions that were acceptable from heterosexuals and homosexuals. Heteroflexibility Today In the past few years, social scientists have seen a return to flexible notions of what it means to be heterosexual. Recent research by social scientists Carillo and Hoffman suggests that men who have occasional sex with other men are able to expand the category of heterosexuality to include their behavior.?? Mostly, they do this in terms of denying their attraction to men and talking about sex with men as only for pleasure, when women are unavailable, or as a perversion. This research concludes that instead of switching to a bisexual identity, these men change the definition of heterosexual to include occasional sexual acts with men?? â€"something that sounds a lot like the early 20th century New Yorkers that Chauncey studied. As long as these men maintain that they are not inherently attracted to men and behave in typically masculine ways, they retain their heterosexualityâ€"and privilege. Heteroflexibility as an Orientation Heteroflexibility as an orientation is akin to categories 1 and 2 on the Kinsey scaleâ€"0 being exclusively heterosexual and 6 being exclusively homosexual.?? However, because it involves attraction and/or acts with people of the same sex, some critics have argued that heteroflexible is just another word for bisexuality. The benefit of calling yourself heteroflexible instead of bisexual, of course, is the lack of stigma. Though research by Carillo and Hoffman highlights the main difference between bisexual and heteroflexibility: heteroflexible people claim that they are not attracted to people of the same gender.?? This raises interesting questions. Having Sex Without Attraction Many people have sex with people they are not attracted to, and have even enjoyed that sex. It could be for many reasons: they hired a sex worker, or they had sex with an available partner exclusively for their own pleasure, for example. This means that heteroflexible men dont have to be attracted to men to be willing to have sex with them. However, in some cases, they could also be denying their attraction to avoid the label of homosexual. It is difficult for scientists to separate the two. What Makes Someone Homosexual? Some people think that one act of homosexuality makes someone a homosexual automaticallyâ€"this is obviously not the case. Bisexuals have sex with people of the same gender without being homosexual. Heterosexuality, bisexuality, and homosexuality are identities that a person chooses, not something that is inherent to a person, like having blue eyes or ten toes. Therefore, one can choose a heterosexual identity and still have sex with people of the same gender. This is why social scientists have created three different categories: sexual orientation identity (what you call yourself), sexual behavior (what you do), and sexual attraction (who you are attracted to).?? These three things can (and often do) show different patterns among individuals and throughout each individuals life course. Ethical Questions The research on heteroflexibility raises a third questionâ€"this one ethical. Is it okay for people who have sex with others of the same gender to still claim to be heterosexual? The struggle for non-heterosexual people to be recognized and embraced as full human beings is still ongoing. Many are still unable to marry, are imprisoned, or even killed for their sexual orientation. Being able to engage sexually with people of the same gender while avoiding all of these negative consequences feels like a betrayal to those who have fought discrimination and stigma their whole lives. While its easy to see why someone would want to stay safe and avoid violence by keeping his/her non-heterosexuality a secret, its more difficult to accept someone who wants the freedom to have sex with people of the same gender without having to deal with all the stigma. Of course, if we lived in a society that accepted non-heterosexual orientations as fully as they do heterosexuals, we wouldnt have this problem. People would be free to pursue sex and relationships with anybody they want without stigma or violence. However, we are far short of this ideal. Heteroflexibility, in a way, makes it more difficult for non-heterosexuals to protect their human rights and remain safe. What Does Non-Binary Mean?

Essay about Drug Use and Abuse by Teens - 504 Words

Drug addiction is becoming a major problem amongst teenagers. Nine out of every ten adults say that teachers should inform students about drug use. USA Today Many people don’t even realize that they use drugs. Alcohol is a drug. It is the most popular drug in America. People also don’t realize that alcohol is addictive until it’s too late. Alcohol is also very dangerous. On September 13, 2000, I witnessed a crash by my house. A guy skidded across the road and ended up on my neighbor’s lawn. The windshield was cracked on the driver’s side. The driver looked at the smoking car and said that it was fine. He just needed to get it off the curb. When the police showed up, he asked the driver if he had hit his head on the windshield. The†¦show more content†¦More people die from D.W.I. (driving while intoxicated) accidents that any other way. Alcohol is also fattening. Why do so many people complain about their weight, and they still drink? What are the consequences of using drugs? Well, your school work will suffer. Many friends wont talk to you anymore, leaving you lonely. You will feel lazy and you will forget a lot of important things, memories. Drugs are also very expensive. Weed goes for about twenty dollars a sack and ecstacy goes for around twenty dollars a hit. If you are caught with drugs, you will either end up in jail or you will be on probation. They might also send you to a drug rehabilitation center. Drugs can also cause many different medical problems. Your brain, heart, liver, of other vital organs can become cancerous or have other malfunctions. Death is also a great chance a person takes when using drugs. It is very easy to accidentally overdose on a drug. People who deal have an even greater risk of death. If they can’t the specific drug a buyer wants, the buyer might take out a gun and shoot the dealer. Suicide is also a problem amongst teenagers that do drugs, Some people run out of money, and can’t buy any more drugs. Some people feel that they can’t stop and won’t get professional help. Some people feel that they have nothing left: no friends, no money, no job,...the list just goes on and on. Depression is what causes most suicidalShow MoreRelatedPromoting A Drug Awareness Program For Teens1695 Words   |  7 PagesPromoting a Drug Awareness Program for Teens Teen drug use/abuse is common. According to the U. S. Department of Health Human Services, the most common drugs teens use are alcohol, marijuana, tobacco, and prescription drugs (2016). Other drugs used are inhalants, over-the-counter medications, and other illegal drugs such as cocaine, methamphetamine, and heroin. The use of drugs and alcohol increase the risk of injury or death. According to WebMD, alcohol and drug abuse is a leading causeRead MoreArgumentative Essay On Drug Abuse1366 Words   |  6 Pages(2009) explained that drug abuse towards marijuana, Vicodin, amphetamines, cough medicine, and sedatives are a growing problem in teens. Various types of drugs are used by teens for numerous reasons, including recreation, relaxation, relieving pain, or because the teen population has depicted the use of drugs as â€Å"cool†. Drug abuse in teens is a behavior that can cause many consequences to develop in one’s life. Casa Palmera Staff (2009) pointed out that drug abuse in teens can cause severe healthRead MoreDrug Abuse Is A Problem Essay1180 Words   |  5 PagesDrug abuse is a big problem and there are solutions, but everyone has to work together to achieve them. A possible solution might be to educate the different groups of drug users about the effects of drug abuse. Another is to place a higher priority on eliminating the source of the drug problem, such as the more popular known drugs like marijuana, cocaine, tobacco, nicotine and the others. Keeping the next generation from even starting drug abuse will completely eliminate the problem, but achievingRead MoreTeenage Prescription Drug Abuse Essay1427 Words   |  6 PagesPrescription Drug Abuse Years ago, the common image of an adolescent drug abuser was a teen trying to escape from reality on illegal substances like cocaine, heroin, or marijuana. Today, there is a great discrepancy between that perception and the reality of who is likely to abuse drugs. A teenage drug abuser might not have to look any further than his or her parent’s medicine chest to ‘score.’ Prescription drug abuse by teens is on the rise. Also, teens are looking to prescription drugs to fulfillRead MoreTeenage Drug Use Of Drugs1560 Words   |  7 PagesElizabeth Onyiego 9/27/2014 Sociology 100 Professor Victoria Hoverman Teenage Drug Use In today’s society, one of the common problems among teenagers is the use of drugs. Teen age is probably one of the most challenging periods in life. It is a stage of self identity crisis that leads to great confusion amongst the teens. Belonging and being accepted in a group is very important in the minds of the teens; where many regard the act as cool. During these years of growth, teenagers encounter their shareRead MoreTeen Abuse Prescription Drug Abuse1422 Words   |  6 Pagesthree leading drugs used and abused by teenagers in America. According to Elizabeth Larsen, â€Å"The Centers for Disease Control classifies prescription drug abuse as the worst drug epidemic in United States history† (Larsen p.4). This is the worst drug epidemic in history because of the percentage of teenage usage. Based on different studies, pills are the most commonly abused drug among twelve- and thirteen- year olds because of how easy they are to access. In fact, many teens that abuse prescriptionRead MoreThe Effects Of Drug Abuse Among Adolescents1423 Words   |  6 PagesDrug abuse among adolescents is a growing problem in the United States with a staggering amount of teens falling victim to the vicious cycle of drug abuse. Teens are subjected to pressure from their peers and have the misconception that using drugs are cool and free of consequences. Therefore, teens begin to experiment with drugs and alcohol at an early age and often times don’t think about the negative stigma associated with drug abuse. Unfortunately, even casual use of drugs and alcohol canRead MoreSubstance Abuse Among Teenagers : A Survey1201 Words   |  5 PagesSubstance Abuse Among Teenagers Hannah is a fifteen year old girl who was recently sent to a rehabilitation center for the result of abuse of prescription medication. 6.1 million high school students currently use addictive substances, and like Hannah, 1 in 3 of them are addicted (â€Å"National Study Reveals,†2011). Although the number of teens using these drugs are decreasing, the numbers are still dangerously high. Due to it’s high risk of addiction, dangerous consequences, and growing availabilityRead MoreTeen Prescription Drug Abuse Among Teens1462 Words   |  6 PagesTeen Prescription Drug Abuse Doesn’t matter what age, drugs are going to be used and abuse. From the time we are born, till the day we die, prescription drugs are prescribed for doctor approved use. Most prescription drugs are given to help control a disease, an imbalance, sickness, etc. With teenage drug abuse on the rise in most US high schools, it has become a problem parents are facing amongst their children. Being a parent to a teenager who has meddled with prescription drugs has been an unbelievableRead MoreRisk Factors For Adolescent Drug Abuse1462 Words   |  6 Pages Body: Risk Factors for Adolescent Drug Abuse There are an abundance of risk factors that can relate to the contribution of drug abuse in adolescents. The primary risk factors can be divided into two main categories: social and emotional triggers. Social factors play an important role because during the adolescent years it can be an extremely emotional and physically tough time for teens to transition through. Adolescent phases are one of the biggest transitional stages in a person’s life because

The Different Revolutionary Tactics - 657 Words

Revolutionary Tactics Focoism is a revolutionary strategy that was originally popularized by Ernesto Che Guevara, the Argentinian physician-turned-revolutionary who was instrumental in the success of the Cuban Revolution in the late 1950s. The strategy contends that revolutionaries need not spend great amounts of time trying to build a following or urging people to join their cause, and that a small, relatively unplanned band of dedicated revolutionaries can readily incite people to support its cause. If such a band attacks and makes its name known simply by taking action, focosim posits that such action will inevitably galvanize the masses of people to similarly follow suit. As such, there is little emphasis in this theory placed on preparing conditions for a revolution; focosim contends that no matter how unplanned or how disparate the seemingly random attacks of a revolutionary band is, the mere presence of such attacks will eventually be reflected in the masses of the people and soon enough incite the m to revolt as well. The actions of the small band of roving revolutionaries, the so called revolutionary elite, are believed to serve as the focal point for the impending involvement of the other citizens. Chinese revolutionary Mao Tse-tung had a number of theories about how to successfully wage organized revolt or what is termed revolutionary war (Shy and Collier 1986, 815), certain facets of which were decidedly at variance with elements of focoism. 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Though guerrilla warfare was an important facet of the Patriots’ military strategy against the British, the Americans ultimately won the Revolutionary War throughRead MoreThe Mexican Revolution Research Assignment1592 Words   |  7 Pagesultimately radically transformed Mexican politics and society. 1) Choose one of the wars and explain what type of war it was and why it is categorised as such? (10 marks) The Mexican Revolution can be categorised into two main types of war, revolutionary and civil. Initially, the revolution began as a movement of middle-class protest against the 35-year regime of Porfirio Diaz and his oligarchical policies. However, after Diaz was ousted from power and exiled in May 1911, the revolution shiftedRead MoreAn Open Path Behind A Bridge1375 Words   |  6 Pagesto form up in the street-firing position. 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Then, from my point of view, the desire of the people â€Å"nationalism†, which remain the only significantRead MoreBattle Of Lexington And Concord1708 Words   |  7 Pagesfiring tactic was appropriate for sending a large volume of fire into a narrow alley between the buildings of a city, but not for an open path behind a bridge. Confusion ensued as the Redcoats started retreating over the bridge in an attempt to form up in the street-firing position. Redcoat Lieutenant (L T) William Sutherland, who was in the rear of the formation, knew that maneuver was not adequate for the situation and ordered flankers to be sent out. LT Sutherland was from a different companyRead MoreEssay on Comparison of the American and French Revolutions1022 Words   |  5 Pagesis considered more â€Å"conservative† than the French. The intent of the American revolutionaries was not to initiate a revolution, but rather to gain their freedom from a â€Å"long train of abuses,† The French however were trying to cause a true revolution they were not just fighting for freedom but instead to over throw and remove the monarchy. The American revolutionaries had no choice but to defend their liberties; the tactics used by the Americans were not as directly aggressive as those used by the FrenchRead MoreTerrorism : A Critique Of Excuses1378 Words   |  6 Pagesand women are forced into a corner and are forced to act in a way that they would never in normal circumst ances. In Game Theory there is a scenario in which there is no possible good outcome. During such a situation you have a choice to follow two different paths; both of which lead to you losing something. Choosing one or the other will always lead to a something bad, but one is slightly better than the other. So consider the real life example of the no-win situation. As World War II was drawing toRead MoreNapoleon s Accomplishments And Life Story1333 Words   |  6 Pagesâ€Å"man of the people†. Many ideas and goals from the French Revolution became a part of Napoleon’s reign. Prior to becoming the leader of France, he also served as a fierce and focused general in the French army and never showed mercy with his battle tactics, which was the main reason why he was so successful while conquering parts of Europe. Although his battlefield accomplishments are tremendous in themselves, it was his leadership and governmental restructuring and policies which are most significant

Case Study †Sources of International Law, ‘Non-binding’ agreements Treaties Free Essays

Abstract International agreements are frequently entered into by sovereign States and international organisations. Whilst many of them are formal treaties and thus have binding effect, others do not fit into this category and thereby remain non-binding agreements. This often leads to a great deal of dispute resolution procedures taking place since it is generally quite difficult to determine whether an agreement is binding or not. We will write a custom essay sample on Case Study – Sources of International Law, ‘Non-binding’ agreements Treaties or any similar topic only for you Order Now Using Iran as a case study, an agreement that has recently been entered into will be reviewed in order to determine its legal effects and consequences. Introduction A Treaty is a written agreement that has been entered into by international law actors, such as international organisations and sovereign States. A Treaty is thus a type of contract that allows parties to voluntary enter into the agreement in order to be bound by its terms (Fitzmaurice and Elias, 2005: 10). Accordingly, treaties are â€Å"the only way States can create international law consciously† (Dixon, 2007: 26) and may either be bilateral or multilateral. The legal status of the agreement between Germany and the five permanent members of the Security Council (SC) and Iran will be reviewed in order to consider its legal status, whether it is binding and whether it will prevail over previously SC resolutions. The equality of States doctrine will also be considered in order to establish whether it is workable in practice. The legal status of this agreement. Is this a TreatyWhy? The ‘Treaty of Non-Proliferation of Nuclear Weapons’ is a multilateral Treaty that opened for signatory at London, Moscow and Washington on the 1st July 1968 and entered into force on the 5th March 1970. The TTreaty currently has 190 State Parties, 93 signatories and 4 Depositary Governments(UN, 1968: 1). Under this Treaty Iran has been able to develop a nuclear programme that has been regarded suspicious by many other countries (Kerr, 2013: 2). Despite this Iran has persistently claimed that the peaceful nature of its activities aimed to develop nuclear energy. Consequently, Iran has thus entered into an agreement with the Security Council and Germany in order to put an end to all sanctions being inflicted upon them. Whether this will arouse further suspicion is arguably, yet the agreement, also known as the ‘Joint Action Plan’, is also a ‘Treaty’ in that it imposes obligations upon the State parties; Case Concerning the Gabcikovo-Nagymaros Pro ject (Hungary v Slovakia) (1998) 37 ILM 162. Furthermore, because this is a legally binding agreement between the State parties that has been created by two or more subjects of international law, it can be recognised as having Treaty status. Under the 1969 Vienna Convention on the Law of Treaties all States have the capacity to make treaties. This can be made available to the SC under Article 43 (3) of the UN Charter. Again, this further indicates how this agreement is capable of being a Treaty (Hollis, 2012: 75). Nevertheless, the parties to the agreement must intend for it to be binding at international law (Villiger, 1985: 35). This does appear to be the case given that the agreement contains a unilateral Statement because as was confirmed by the International Court of Justice (ICJ) in Australia v France, New Zealand v France 1974 ICJ Rep 253; unilateral statements of States are legally binding in appropriate circumstances. The legal status of this agreement is that it is therefore a Treaty and legally binding. As such, Iran will no longer be sanctioned for developing a nuclear programme, which they claim to be for peaceful purposes. Are Resolutions of the SC sources of International Law/Binding? Resolutions of the SC generally have binding effect; Legal Consequences for States of the Continued Presence of South Africa in Namibia (South West Africa) notwithstanding SC Resolution 276 (1970) Advisory Opinion of 21 June 1971, although there has been some focus by the ICJ on their other effects, such as authorising effect and (dis)empowering effect (Basak, 1969: 385). The effect of the resolution will, nonetheless, depend entirely on its type . This is because a SC resolution may either be a recommendation or a decision, which are not clearly defined in the Charter. As a result, it is often difficult to determine the legal effects of such resolutions (Johnson, 1955: 107), however the Court generally refers to binding resolutions as decisions and non-binding resolutions as recommendations; Certain Expenses of the United Nations (Article 17, Paragraph 2 of the Charter) [1962] ICJ Rep 151, at 163. SC resolutions resolution are binding if they create obligations on its recipients and if they are made under Chapter VII (Action with Respect to Threats to the Peace, Breaches of the Peace and Acts of Agression). Since the ‘Joint Action Plan’ agreement imposes obligations on its State parties and contains a threat to the peace, it is likely that this will again render it a binding resolution. However, it has been pointed out by Hollis that the agreement is not binding on the basis that it â€Å"implies something aspirational rather than required.†(Hollis, 2013: 1). This is evident from the wording; â€Å"The goal for these negotiations is to reach a mutually-agreed long-term comprehensive solution that would ensure Iran’s nuclear programme will be exclusively peaceful (Geneva, 2014: 1). Therefore, whilst it seems that the agreement is a legally binding resolution, the fact that only recommendations are being made may suggest that it is not and sceptics ha ve argued that the plan is â€Å"just a false front for the Iranians in order to have sanctions lifted† (Midwest Diplomacy, 2013: 1). Therefore, although SC sources of international law are binding, it has been questioned whether Iran should be provided with the ability to develop their nuclear programme even further as this could have disastrous effects (Zand, 2014: 1). In case of conflict between this agreement and previous SC Resolutions which one should prevail? The determination as to whether SC decisions possess an overriding binding effect will be determined on a case by case basis. However, it is usually the case that SC recommendations will not have an overriding binding effect; Questions of Interpretation and Application of the 1971 Montreal Convention Arising from the Aeriel Incident at Lockerbie (Libya v UK) Preliminary Objection [1998] ICJ Rep 9, at 26, whilst SC decisions will; Reparation for Injuries Suffered in the Service of the United Nations [1949] ICJ Rep 174. Therefore, if the ‘Joint Action Plan’ is merely a recommendation then this will not be binding and will therefore not prevail over previous SC Resolutions. If the agreement is a decision, however, then it will be prevail as it will have a binding effect. In Lockbie, Provisional Measures [1992] ICJ Rep 3 it was held by the ICJ that pre-empting obligations that flow from traditional sources of international law can be overridden by the normative powers of t he SC in order to ensure that peace and security is maintained, yet the binding effect of resolutions will depend on their language, the discussions leading up to it and the provisions of the Charter being invoked (Oberg, 2005: 879). In Application for Review of Judgment no. 273 of the United Nations Administrative Tribunal (‘Mortished affair’) [1982] ICJ Rep 325 Resolution 34/165 reversed the prior decision in Resolution 33/119 in order to avoid two incompatible legal effects co-existing. Therefore, because SC Resolutions 1696 (2006) of 21 July 2006 and 1737 (2006) of 26 December 2006 will be incompatible with the new agreement, they may be reversed if the new agreement has an overriding binding effect. This is highly beneficial for Iran since they deemed the previous resolutions unfair on the basis that they had received different treatment to other States. Comment on the parties of this agreement. What does it say about the equality of States in practice? The doctrine of equality of States covers both legal equality and political equality. Legal equality deals with the legal relations that exist between States, whilst political equality deals with the distribution of economic and military power between States. Because Iran appears to have been given exceptional powers under the new agreement, it is likely that these new powers will be considered contrary to this principle. This is because Iran is effectively being given additional powers to control its nuclear program and is also being protected from any sanctions imposed by other States. As the doctrine seeks to ensure that all States are treated equally under international law, States ought to have the same rights and responsibilities as each other (Kelsen, 1952: 156). As this is not being effectuated under this agreement, it is clear that this principle is being contravened. Nevertheless, there is an exception to the doctrine in cases where there has been a ‘breach of the p eace’ or an ‘act of aggression’ that threatened international peace and security. Therefore, because Iran has stated that they aimed to develop nuclear energy for peaceful purposes, the violation of this doctrine will be permitted (Nahar, 2005: 1). This agreement thereby illustrates that the equality of States doctrine may not actually be workable in practice since the doctrine may be contravened if the aim is to maintain international peace and security. Conclusion Overall, it appears as though Iran’s agreement with the SC and Germany is a Treaty and will therefore have binding effect. This is because the agreement has been made purely to maintain peace and security. Although Iran’s activities have been met with some suspicion over the years, they have continued to state that the peaceful nature of their activities merely aimed to develop nuclear energy. As this agreement does appear to be a Treaty, it is likely that it will be capable of prevailing over previous SC resolutions. This is welcoming for Iran who were subjected to unfairness as a result of resolutions 1696 and 1737, although not all would agree with this decision. Hence, many would argued that the agreement conflicts with the equality of States doctrine. Nevertheless, because Iran have stated that they are acting in the interests of national security, the doctrine will be capable of being breached. Accordingly, the Doctrine is therefore not always workable and in thi s instance, Iran are being treated more favourably than other States. References Basak, A. (1969) ‘Decisions of the United Nations Organs in Judgements and Opinions of the International Court of Justice’; Thierry, Resolutions of international bodies in the jurisprudence of the International Court of Justice, Collected Courses, Volume 167. Johnson, A. (1955) ‘The Effect of Resolutions of the General Assembly of the United Nations’, 32 British Year Book of International Law 97. Dixon, M. (2007) Textbook on International Law, London, Oxford University Press. Geneva. (2013) ‘Joint Plan of Action’ [Online], Available: http://im.ft-static.com/content/images/d0fa3682-5523-11e3-86bc-00144feabdc0.pdf [15 January, 2014]. Fitzmaurice, M. and Elias, O. A. (2005) Contemporary Issues in the Law of Treaties, Netherlands, Eleven International Publishing. Hollis, D. B. (2012) The Oxford Guide to Treaties, London, Oxford University Press. Hollis, D. B. (2013) ‘The New Iran Deal Doesn’t Look Legally Binding. Does It Matter?’ Opinio Juris, [Online], Available: http://opiniojuris.org/2013/11/24/new-us-iran-deal-doesnt-look-legally-binding-matter/ [14 January 2014]. Kelsen, H. (1952) Principles of International Law, London, The Lawbook Exchange. Kerr, P. K. (2013) ‘Iran’s Nuclear Program: Tehran’s Compliance with International Obligations’ Congressional Research Service, CRS Report, R40094. Oberg, M. D. (2005) ‘The Legal Effects of Resolutions of the UN Security Council and General Assembly in the Jurisprudence of the ICJ’ European Journal of International Law, Volume 16, Issue 5. Midwest Diplomacy. (2013) ‘Understanding Iran and the Nuclear ‘Joint Plan of Action’ [Online], Available: http://egiuliani.wordpress.com/2013/11/24/understanding-iran-and-the-nuclear-joint-plan-of-action/ [14 January 2014]. Nahar, S. (2005) ‘Sovereign Equality Principle in International Law’ [Online], Available: http://www.globalpolitician.com/print.asp?id=4351 [14 January 2014]. (1968) ‘Treaty on the Non-Proliferation of Nuclear Weapons’ Multilateral, [Online], Available: https://treaties.un.org/doc/Publication/UNTS/Volume%20729/volume-729-I-10485-English.pdf [13 January, 2014]. Villiger, M. E. (1985) Customary International Law and Treaties: A Study of their interactions and interrelations, with special consideration of the 1969 Vienna Convention on the Law of Treaties, BRILL. Zand, L. (2014) ‘Organisations Warn Senate Against New Iran Sanctions’ Fellowship of Reconciliation, [Online], Available: http://forusa.org/blogs/leila-zand/62-organizations-warn-senate-against-new-iran-sanctions/12813 [20 January, 2014]. How to cite Case Study – Sources of International Law, ‘Non-binding’ agreements Treaties, Free Case study samples

Samsung Group free essay sample

The name â€Å"Samsung† according to the founder of the group Lee Byung Chull a migrant of a large land owning family in Uiryeong county to a city called Daegu where he founded Samsung Sanghoe explained that it means â€Å"tristars† or â€Å"three stars†; the word â€Å"three† represents something big, numerous and powerful. The â€Å"stars† represent â€Å"eternity†. Samsung has undergone lots transformation before being the giant Samsung it is today and it has proven to withstand the test of time where most Asian companies have dissolved during the Asian financial crisis. Its first product was a black-and-white television set. In the 50’s, when the Korean War broke out; Lee was forced to leave Seoul and start a sugar refinery in Busan[-gt;1] named Cheil Jedang[-gt;2]. After the war, in 1954, Lee founded Cheil Mojik and built the plant in Chimsan-dong, Daegu. It was the largest woollen mill ever in the country and the company took on the aspect of a major company. We will write a custom essay sample on Samsung Group or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page After the founders death in 1987, Samsung Group was separated into four business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group. Shinsegae (discount store, department store) was originally part of Samsung Group, separated in the 1990s from the Samsung Group along with CJ Group (Food/Chemicals/Entertainment/logistics) and the Hansol Group (Paper/Telecom). Today these separated groups are independent and they are not part of or connected to the Samsung Group. In the 1980s, Samsung Electronics began to invest heavily in research and development, investments that were pivotal in pushing the company to the forefront of the global electronics industry. Our main purpose in this section is to declare what kind of tools we are going to use to analyze the competitive advantage of one of Samsung Group’s subsidiaries – Samsung Electronics. Any company in the business world would want to maintain and achieve competitive advantage if it intends to really survive the scheme of its rivals. One of these ways is to conduct a strategic analysis of the company. This enables us to adjust and monitor the position of the company, exploit new opportunities, and prepare for rainy days. There is one way of doing that- conducting a strategic evaluation of the company. According to Peter Drucker â€Å"unless strategy evaluation is performed seriously and systematically, and unless strategists are willing to act on the results, energy will be used up defending yesterday. No one will have the time, resources, or will to work on exploiting today, let alone to work on making tomorrow†. In other words, strategic evaluation gives the company a feel of or connection to the business environment it is operating in. Strategic evaluation is vital to the organization’s well being. Strategic evaluation includes three basic activities: examining the underlying basis of a firm’s strategy, comparing expected results with actual results, and taking corrective actions to ensure that performance conforms to plans. Samsung Electronics is the worlds largest mobile phone maker[-gt;8] by 2011 unit sales and worlds second-largest semiconductor chip maker[-gt;9] by 2011 revenues (after Intel Corporation[-gt;10]). It has been the worlds largest television manufacturer[-gt;11] since 2006 and the worlds largest maker of LCD panels for eight consecutive years. It has the largest market share worldwide in memory chips[-gt;12]. The company is the worlds largest vendor of smart phones[-gt;13] since 2011. Samsung has also established a prominent position in the tablet computer[-gt;14] market, with the release of the Android[-gt;15]-powered Samsung Galaxy Tab[-gt;16]. This section of the paper is meant to access and assess the strategies they have been applying since their existence and to advise them on the strategic options available to them now and in the future. In this paper we would use the following analyses: SWOT analyses, PEST analyses, Porter’s Five Forces, Strategic Group and the VRIO model analyses. SWOT is the acronym for strengths, weaknesses, opportunities and threats surrounding the business in its environment. In other words, it guides you to identify the positives and negatives inside and outside your organization. SWOT analysis is the most renowned tool for audit and analysis of the overall strategic position of the business and its environment. Its key purpose is to identify the strategies that will create a firm specific business model that will best align an organization’s resources and capabilities to the requirements of the environment in which the firm operates. In other words, it is the foundation for evaluating the internal potential and limitations and the likely opportunities and threats from the external environment. The strength and weaknesses give you an insight of your internal advantages relative to other companies and disadvantages relative to other companies, in other words, it measures the competitive advantage. They are usually the factors that you have control over. The opportunities and threats are considered to be the external factors that you have no control over; it could be technological change, legislation, socio-cultural change, etc. The opportunities and threats give you an insight of the factors that the organization can exploit to it advantages and the factors that could cause trouble for the business. Pestel is an acronym for political, economical, social, technological, environmental and legal analysis. It describes a framework of macro-environmental factors used in the environmental scanning component of strategic management.  ·Political factors are basically to what degree the government intervenes in the economy.

Free Essays on The Road Not Taken

Life, Decisions and Consequences The writer Robert Frost in the poem â€Å"The Road Not Taken† emphasizes how the life has its own surprises and uncertainties and its own up and downs. Frost can be the speaker in this poem. He has to take a life decision, â€Å" Two road diverged in a yellow wood† the road represents the journey of our lives. No one knows where the road will lead us or what the future will bring us. There are many decision that might we have to take, we try to predict and wonder what is the wisest decision to be made. But there are pros and cows in any specific choice that we have to make. Sometimes we succeed and we make the right decision and some other times we fail to successful in the decision that we make. Is the dilemma that makes our life interesting and worth living. Because if one knows what everyday would bring than life could have no meaning. If we do not succeed, we pay for the consequences but we also learn from those experiences and in this way we can challenge and be stronger to face other difficulties of life. Frost tries to show this by describing the road that â€Å"it was grassy and wanted wear† where the grassy means the road that most of the people had not walk and â€Å"wanted wear† was one of his desire to discover the unknown. It was the one that he will chose and start exploring on something new. The speaker’s eyes try to see â€Å"the undergrowth† wondering if he can see which route to take but he cannot because his eyes can not see so far. He tries but is difficult to understand which route he should take. He thinks if he should take the common route or the other one that not to many people took. He is in dilemma because all his life depends on his decision. The man thinks on negative way for the two routs but at the same time he seems undecided and scared if he is not going to take the right decision and if will be the right one. â€Å"Two roads in the wood† represent th... Free Essays on The Road Not Taken Free Essays on The Road Not Taken â€Å"The Road Not Taken† By: Robert Frost In the â€Å"Road Not Taken† by Robert Frost, up until the last stanza the poem appeared to be concerning only on the choice between two roads in a woods. The final stanza, however, gave a significance to the apparent choice that was incompatible with just the choice between two roads in a woods because this seemingly insignificant choice ended up â€Å"making all the difference.† Many times in life people are faced with choices to make that, at the time, seem insignificant, although, in the long run prove to have made a great impact on their life’s course. I, myself, have experienced this very situation more than once- one of which being whether to attend college or to go to work. At the time this seemed to be just a choice, only now, four years later, am I seeing the significance of making the choice I did. When I was graduating from High School I was faced with the decision of whether to attend college and make a career choice or to just join the work force and become independent. Only a couple of people in my family had gone to college, and only one actually got a degree- the rest went to work. It seemed to me that going to college would be much harder, however, would yield higher results. At which time, I decided to pursue a college degree. In High School I had concentrated on medical studies, which I decided to follow up with in college. I soon saw that this was something I was interested in, however, not what I wanted to spend my career doing. I took some time off from school to work and to see just what the difference would be had I decided not to continue with pursuing a degree. In applying for positions, I immediately saw the benefit of continuing my education. Not only does having a degree give you a competitive edge when you do venture out into the working world, i.e., better jobs are available for you, it is easier to climb the ladder to higher positions, the pay... Free Essays on The Road Not Taken In Robert Frost’s The Road Not Taken there are many things that can be interpreted several ways. This is my interpretation. Frost begins the poem by describing two roads diverging in a yellow wood. The two roads represent a decision. Do you travel one journey or the other? The yellow wood to me means that it is getting towards the autumn of the day. Meaning that the decision can’t be put off much longer. He then describes being sorry he could not travel both. We often have decision that we would like to do both things or travel both roads. But in the next line Frost says being one traveler long I stood. One person can not be in two places or follow two paths. It is usually not clear which path we should follow or which decision is the correct one. Since the decision is not easy the traveler stands for a long time. We often think about our decisions for a long time, making sure it is the correct one. Because as the traveler knows we can not turn back. Once the path is taken, we are on it until the end. He looks down one as far as he can see until he is unable to see the path for its turns and ben ds. In life we can look ahead to the immediate results of our decisions but usually can not see very far. We do not know what lies ahead around that next curve or bend. The traveler studies the second path as well, studying all possible decisions closely. The second path appears to be slightly less used. The path is grown up with grass and has not had as much wear as the other. Both paths appear appealing to him even though one is in better condition. He gives a little foreshadowing of his ultimate decisions by telling us that the second, grassier, path has the better claim. The second path upon his seeing it immediately has his eye. When he studies it more he says that really they are pretty much worn the same. When we make hard decisions we often jump back and forth between the choices at hand. We find good things and bad in all choi... Free Essays on The Road Not Taken â€Å"The Road Not Taken† In Robert Frost’s â€Å"The Road Not Taken,† the speaker stands in the woods, considering a split in the road. Both ways are similarly worn, and equally overlaid with un-trodden leaves. The speaker chooses one, telling himself that he will take the other another day. Yet he knows it is unlikely that he will have the chance to do so. And he admits that someday in the future he will recreate the scene with a slight twist: he will claim that he took the less-traveled road. The whole poem is an extended metaphor, where Frost describes a path in the woods that is directly comparable to a major decision in life. In this case, the narrator is â€Å"lost† in the poem, both on the trail, and in his life. "The Road Not Taken" consists of four stanzas of five lines each having an identical rhyme scheme of ABAAB. The first, third, and fourth lines in every stanza rhyme, along with the second and fifth lines. Thus, allowing the poem to flow at a smoother and steadier pace. There are four stressed syllables per line, forming an iambic tetrameter base. The majority of the lines contain nine syllables. This structure is maintained through out the poem. The stanzas are arranged like that of a thought. One continues to undermine the other, much like decision making. Our first thoughts are always second-guessed by our second and so forth until we make our final decision, which cancels out all that was thought before. This is what Frost manages to do in the arrangement of his stanzas. Imagery is the primary concept of this work thus being the means used by Frost to transmit the poems message. The two roads are each described in such a way that the reader can easy picture the dilemma faced by the traveler. Image is so precise that we can picture the first road bending to the right while the other bends in the opposite direction. In the first stanza, (line 1) Frost introduces the elements of his primary metaphor: the diver... Free Essays on The Road Not Taken The Road Not Taken I decided to do â€Å"The Road Not Taken† by Robert Frost. When people read the poem without any other interpretation or knowledge of it the most popular interpretation is that Frost is talking about his own life in this poem. I was convinced that was the case until I decided to do this paper. I will be focusing on what appears to be very obvious in the poem but after looking a little deeper is untrue. That portion I am talking about is the sigh in the fourth stanza of the poem. A simple sigh out of someone’s mouth could be interpreted many ways. It could be tension, a thought, or just exhaling from a deep breath. In the poem â€Å"The Road Not Taken†, by Robert Frost, many argue as to what the ‘sigh’ towards the end of the poem actually means. Some think it is a shift of tone in the poem, others say that it signifies that he is unhappy about the road that he has taken in his life. Little do they know, they are all very wrong. In fact, the poem is not written about Frost at all. This shows the simple ways that a poem can easily be misinterpreted. The history of why a poem was written can dramatically change the meaning of a poem and the way that it is read. Robert Frost’s â€Å"The Road Not Taken† is a great example. The literal meaning of this poem by Robert Frost is pretty obvious. A traveler comes to a fork in the road and needs to decide which way to go to continue his journey. After much thought, the traveler picks the road "less traveled by." The poem describes the tough choices people make when traveling the road of life. The traveler regrets leaving the road he has already passed by and realizes that he probably won’t travel that same way again. I’m sure many of us could compare similar instances in their own lives to the one Frost describes in the poem. Robert Frost began writing â€Å"The Road Not Taken† in England in 1914, and completed it in Franconia before his first publ... Free Essays on The Road Not Taken Life, Decisions and Consequences The writer Robert Frost in the poem â€Å"The Road Not Taken† emphasizes how the life has its own surprises and uncertainties and its own up and downs. Frost can be the speaker in this poem. He has to take a life decision, â€Å" Two road diverged in a yellow wood† the road represents the journey of our lives. No one knows where the road will lead us or what the future will bring us. There are many decision that might we have to take, we try to predict and wonder what is the wisest decision to be made. But there are pros and cows in any specific choice that we have to make. Sometimes we succeed and we make the right decision and some other times we fail to successful in the decision that we make. Is the dilemma that makes our life interesting and worth living. Because if one knows what everyday would bring than life could have no meaning. If we do not succeed, we pay for the consequences but we also learn from those experiences and in this way we can challenge and be stronger to face other difficulties of life. Frost tries to show this by describing the road that â€Å"it was grassy and wanted wear† where the grassy means the road that most of the people had not walk and â€Å"wanted wear† was one of his desire to discover the unknown. It was the one that he will chose and start exploring on something new. The speaker’s eyes try to see â€Å"the undergrowth† wondering if he can see which route to take but he cannot because his eyes can not see so far. He tries but is difficult to understand which route he should take. He thinks if he should take the common route or the other one that not to many people took. He is in dilemma because all his life depends on his decision. The man thinks on negative way for the two routs but at the same time he seems undecided and scared if he is not going to take the right decision and if will be the right one. â€Å"Two roads in the wood† represent th...

2 Easy Examples of the Law of Conservation of Mass

2 Easy Examples of the Law of Conservation of Mass SAT / ACT Prep Online Guides and Tips Chemistry is an important subject that you’ll definitely need to know if you’re planning to pursue a chemistry or other science major in college. One thing you should be familiar with is the law of conservation of mass.What is it? And how is it used in chemistry? Keep reading to learn what the law of conservation of mass is and how it came to be. We will also give you some law of conservation of mass examples to help you understand the concept better. What Is the Law of Conservation of Mass? First off, exactly what is the law of conservation of mass? This law states that in a closed system, matter can neither be created nor destroyed- it can only change form. Put differently, the amount, or mass, of matter in an isolated system will always be constant regardless of any chemical reactions or physical changes that take place. (Note that an isolated or closed system is one that does not interact with its environment.) This law is important in chemistry, particularly when combining different materials and testing the reactions between them. In chemistry, the law of conservation of mass states thatthe mass of the products (the chemical substances created by a chemical reaction) will always equal the mass of the reactants (the substances that make the chemical reaction). Think of it as being similar to balancing an algebraic equation. Both sides around an equal sign might look different (for example, 6a + 2b = 20), but they still represent the same total quantity. This is similar to how the mass must be constant for all matter in a closed system- even if that matter changes form! But how does the law of conservation of mass work? When a substance undergoes a chemical reaction, you might assume that some or even all of the matter present is disappearing, but, in actuality, it's simply changing form. Think about when a liquid turns into a gas. You might think that the matter (in this case, the liquid) has simply vanished. But if you were to actually measure the gas, you'd find that the initial mass of the liquid hasn’t actually changed.What this means is that the substance, which is now a gas, still has the same mass it had when it was a liquid (yes- gas has mass, too!). What Is the History Behind the Law of Conservation of Mass? Though many people, including the ancient Greeks, laid the scientific groundwork necessary for the discovery of the law of conservation of mass, it is French chemist Antoine Lavoisier (1743-1794) who is most often credited as its discoverer. This is also why the law is occasionally called Lavoisier’slaw. Lavoisier lookin' proud of his discovery. In the late 1700s, Lavoisier proved through experimentation that the total mass does not change in a chemical reaction, leading him to declare thatmatter is always conserved in a chemical reaction. Lavoisier’s experiments marked the first time someone clearly tested this idea of the conservation of matter by measuring the masses of materials both before and after they underwent a chemical reaction. Ultimately, the discovery of the law of conservation of mass was immensely significant to the field of chemistry because it proved that matter wasn’t simply disappearing (as it appeared to be) but was rather changing form into another substance of equal mass. What Are Some Law of Conservation of Mass Examples? Law of conservation of mass examples are useful for visualizing and understanding this crucial scientific concept. Here are two examples to help illustrate how this law works. Example 1: The Bonfire/Campfire One common example you’ll come across is the image of a bonfire or campfire. Picture this: you’ve gathered some sticks with friends and lit them with a match. After a couple of toasted marshmallows and campfire songs, you realize that the bonfire, or campfire, you've built has completely burned down. All you’re left with is a small pile of ashes and some smoke. Your initial instinct might be to assume that some of the campfire's original mass from the sticks has somehow vanished. But it actually hasn’t- it’s simply transformed! In this scenario, as the sticks burned, they combined with oxygen in the air to turn into not just ash but also carbon dioxide and water vapor. As a result, If we measured the total mass of the wooden sticks and the oxygen before setting the sticks on fire, we'd discover that this mass is equal to the mass of the ashes, carbon dioxide, and water vapor combined. Example 2: The Burning Candle A similar law of conservation of mass example is the image of a burning candle. For this example, picture a regular candle, with wax and a wick. Once the candle completely burns down, though, you can see that there is definitely far less wax than there was before you lit it. This means that some of the wax (not all of it, as you’ve likely noticed with candles you’ve lit in real life!) has been transformed into gases- namely,water vapor and carbon dioxide. As the previous example with the bonfire has shown, no matter (and therefore no mass) is lost through the process of burning. Recap: What Is the Law of Conservation of Mass? The law of conservation of mass is a scientific law popularized and systematized by the 18th-century French chemist Antoine Lavoisier. According to the law,in an isolated system, matter cannot be created or destroyed- only changed.This means that the total mass of all substances before a chemical reaction will equal the total mass of all substances after a chemical reaction. Simply put, matter (and thus mass) is always conserved, even if a substance changes chemical or physical form. Knowing this scientific law is important for the study of chemistry, so if you plan to get into this field, you'll definitely want to understand what the law of conservation of mass is all about! What’s Next? Are there other science topics you want to review? Then you're in luck! Our guides will teach you loads of useful topics, fromhow to convert Celsius to Fahrenheit, to what the density of water is, to how to balance chemical equations. Need help identifying stylistic techniques in a book you're reading for English class? Let our comprehensive list of the most important literary deviceslend you a hand!

Why do elderly people prescribed with assistive daily living devices Essay

Why do elderly people prescribed with assistive daily living devices abandon them - Essay Example As well, this study shall extend current limited knowledge of the processes for gaining informed consent of the elderly. Elderly participant recruitment shall take place within the city of [.] in the UK. Adult nursing home services shall provide elderly clients and their families with a brochure to let them know about the study, and there will also be a posting in the local newspaper for two weeks. Elderly clients who are eligible for this study will be outpatients who have been prescribed an AD within the last two years. A non-probability sampling recruitment was chosen because of the specific characteristics of the target population (i.e., elderly, living at home, have been prescribed an AD, and receive visits from an adult nursing service), and so a random sample would not be feasible (Shank, 2002). Purposive sampling is a non-probabilistic sampling technique that has the will advantage this study because the sample size does not have to be determined before the research, and this study's sample will be constrained by time and available resources (Shank, 2002). Purposive sampling allows selection c riteria to be used to determine eligibility of the participant (Shank, 2002). The selection criteria will be that the participant: be over the age of 60 years; be receiving adult nursing home care; have been prescribed at least one AD within the last two years; not be using a hearing aid; be cognitively aware in order to provide informed consent and to take part in an interview. Informed consent is a critical ethical consideration for any research study (Penslar, 1995). Informed consent allows participants to make a reasonable choice to participate in the research, and so it is implied that the goals of the research align with the aspirations of the participant (Penslar, 1995). Literature advising on how best to gain informed consent from the elderly is limited, and to date there are is no standard procedure for ascertaining the competency of an elderly person who agrees to take part in research (Stanley, Guido, Stanley & Shortell, 1984). The elderly are more likely to be experiencing impaired cognition, vision, hearing or speech, so for this study each potential participant shall be asked to discuss their understanding of the research process with the investigator before they sign the informed consent form (Stanley et al., 1984). Persons who demonstrate a lack of understanding, or confusion about what is expected of them during the research shall be thanked and excused from the study. It is anticipated that the present study will contribute to current discourse within the medical community of gaining informed consent from the elderly. As well, thorough recording of procedures for gaining their consent are hoped to encourage other researchers to consider their responsibility and the power relationship with elderly participants in terms of participant well-being, as well as the legalities, ethics, and public accountability involved (Stanley et al., 1984). Informed consent will ensure respect for the dignity of the elderly (Penslar, 1995; Shank, 2002). And coercion of participants will be avoided at all costs (Penslar, 1995). The consent form will be read

GIS analysis of access to greenspace Literature review

GIS analysis of access to greenspace - Literature review Example Cultural and historic resources also form part of green space in some cultures. Green space plays a vital role in the nation’s landscape encompassing among others, development patterns, economy, culture and the well-being of the populace (Van Herzele 2003, p. 111). In addition, green space is crucial as it absorbs and expels pollutants from the environment, by acting as an urban heat sink thereby protecting urban biodiversity. As agricultural pressures on land increase through greater demands for land, green spaces are slowly becoming depleted (Forman 2005, p. 38). However, as development becomes a key priority, more land that was previously set aside for agricultural purposes is being developed into residential or institution areas (Van 2007, p. 18). This has led to scarcity of green space, and access to the available few is hampered by the prospect of development. Access to green space is of paramount importance because of the unique contribution of green spaces to the quali ty of life. For instance, green spaces allow for relaxation, way from the daily stresses of urban life such as hectic work schedules and traffic. Moreover, green spaces offer immense recreational opportunities like individual exercise and organised sports. Spending time in urban green spaces offers reprieve to urban dwellers. However, because of increasing urbanisation and access to green space and spatial planning policies with regard to densification, more urban dwellers face the prospect of living in areas with few or no green space resources. Governments and individual municipalities set up clear guidelines for access to green space (Smith, Poulos and Kim 2002, p. 123). The Green Belt is a policy for managing urban growth in the UK. The policy guidelines provide concise guidelines on urban planning, which entail allocation of specific areas to urban green spaces. The Town and County Planning Act established in 1947 allows local authorities in UK mucipalities to include guideline s of the green belt in their development plans. The two acts are appreciative of the need to protect land areas designated as urban green spaces. GIS provides an environment for analysing accessibility to green space and for modelling the impacts of potential changes to green space provision and their subsequent impacts (Liu and Zhu 2004, p. 119). GIS analysis can be used to assess the accessibility of urban green spaces by selecting and quantifying factors that affect green space and constructing functions to determine the accessibility indicator (Ai) (Comber 2009, p. 109). A SPOT imagery of an urban environment provides sufficient data used to determine green space accessibility dwellers. The earlier mentioned state and county guidelines allow for division of land portions into regular grids of at least 500 meters to determine the capacity and chance of area inhabitants accessing green spaces within the area. For each green space viewed in the SPOT imagery, the resistance factors for each grid of land accessing the green space are calculated. Resistance factors refer to aspects that affect or limit access to green space. These factors include attraction to green space, population distribution, traffic patterns and pattern of land use in the area (Ritsema and De 2003, p. 84). The entire urban green space

Robert Maynard Pirsig Bibliography :: Author, Pirsig, Biography

Robert Maynard Pirsig Bibliography Robert Maynard Pirsig was born in Minneapolis on September 6, 1928. After high school Pirsig decided to join the army and from the ages of 18 to 22 served the United States. Once discharged, he decided to study at the University of Minnesota. Here he obtained degrees in philosophy and journalism.(1) Once finished, Pirsig decided to travel to India. He talks about this trip in his book, stating it as a trip that expanded his experience but not his understanding. When he returns, he marries his first wife, Nancy Ann James, an administrator, on May 10, 1954. (2) Working many jobs, including an instructor for English composition at Montana State College and instructor of rhetoric at the University of Illinois, he receives a break and then becomes a technical writer for a variety of technical institutions. Though the time period could not be found (puzzling?), I believe his transition from teacher to writer was when he suffered his â€Å"mental breakdown†. During this event he received electric shock treatment, which coincides with Zen and the Art of Motorcycle Maintenance. He divorced on August, 1978 and remarried to Wendy L. Kimbell on December 28, 1978. His first child, Christopher, from the first marriage dies shortly after on November 17, 1979.(1) He is now living in New Hampshire with his wife and 2 kids, Theodore and Nell. He tries to remain reclusive explaining â€Å"The Buddhist monk has a precept against indulging in idle conversation, and I think the basis of that precept is what motivates me.† (Letter from Robert Pirsig to Boduar Skutuik, August 17th, 1997) While residing here he released his newest book, Lila: An Inquiry into moral, released in 1991.

New Historicism

CO-TEXT: A historical document which is contemporary with and studied alongside a literary document. COMEDY: A play or literary composition written chiefly to amuse its audience by appealing to a sense of superiority over the characters depicted with a (usually) happy ending for the leading characters. CULTURAL MATERIALISM: – A critical practice that concentrates on the interventions whereby men and women make heir own history and situate the literary text in the political situation of our own (and not of its own day as New Historicists do). It reads the literary text in a way as to enable us to â€Å"recover histories†. – It uses the technique of close textual analysis but often employ structuralist and post-structuralist techniques. – It works mainly within traditional notions of the canon. EMPLOTMENT: The process by which a text is organized into a plot. EMPLOTTED: Organized into a plot. EPIC: A long narrative poem celebrating the great deeds of one or more legendary heros in a grand ceremonious style. EQUAL WEIGHTING: A combined interest in â€Å"the textuality of history, the historicity of texts† (L. Montrose) FICTION-MAKING: The historian bestows a particular significance upon certain historical events and then matches them up with a precise type of plot. MAINSTREAM LITERARY HISTORY: : Old historicism, dominant historical scholarship, monological, earlier historicism, single political vision, internally coherent and consistent, the status of historical fact, a stable point of reference. NARRATIVE: – A set of events (The story) recounted in a process of narration (or discourse). – A telling of some true or fictitious event o connected sequence of events, recounted by a narrator. NEW HISTORICISM: – A critical practice that gives equal weighting to literary and non-literary texts. – It insists on the textualization of reality (from Derrida) and the premise that society is governed by the collusion between discourse and power (from Foucault). – It places literary and non-literary texts in conjunction and interprets the former through the latter – It looks for manifestations in text and co-text of State power, patriarchy and colonization. PLOT: – A particular selection and reordering of the full sequence of events (story). The pattern of events and situations in a narrative or dramatic work. ROMANCE: – A fictional story in verse or prose that relates improbable adventures of idealized characters in some remote or enchanted setting. – A tendency in fiction opposite to that of realism. SATIRE: A mode of writing that exposes the failings of individuals, institutions, or societies to ridicule and scorn. STORY:  œ The full sequence of events as we assume them to have occurred in their likely order,, duration and frequency. In modern narratology, the sequence of imagined events that we reconstruct from the actual arrangement of a narrative. – In the everyday sense, any narrative or tale recounting a series of events. TAILORING: Adapting the facts to a particular story form. TRAGEDY: A serious play or novel representing the disastrous downfall of a central character, the protagonist. VALUE-NEUTRAL: Historical events acquire narrative value only after the historian organizes them into a specific plot type. VERBAL FICTIONS: A construct which is made of words and based on invention rather than reality.

Findings and Analysis of the performance of investments in Mauritius - Free Essay Example

Sample details Pages: 16 Words: 4765 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? The Republic of Mauritius, advantageously located at the crossroads of investments in the Indian Ocean region, has benefited from surprising socio-economic growth with a huge economic growth averaging 5% for the past 20 years (Mauritius Bright Future; Grand Baie Trust). This is the result of wary economic governance support by sound business and financial infrastructure with a reputation of trustworthiness, competence and integrity. https://www.consilexltd.com/ Don’t waste time! Our writers will create an original "Findings and Analysis of the performance of investments in Mauritius" essay for you Create order The Government initiated a wide range of incentive to attract investments, and as a result, the greater part of the Mauritian economy is accounted for. Mauritius has faced growth as an outstanding offshore financial service centre due to the fact that the legal and fiscal structure has been further strengthened through the performance of a series of up to date and user-friendly legislation and this fact is adding a new aspect to the economic prosperity of the country. Mauritius and DTTs According to information that is available from the Ministry of Finance, the first double tax treaty by Mauritius was by Germany and the year the treaty was signed dates back to the 1978 but it was ratified in 19901. As of this year, the number of treaties signed comes to 35 and a series of treaties are under negotiation. Most of the treaties are based on model conventions established by international organisations such as the OECD (organisation for Economic Co-operation and Development) or the United Nations, where the former accounts mainly for the interest of industrialised countries and the latter for those of less developed economies. 1: Annex 3: Summary of the features of the double taxation avoidance treaties from the Ministry of Finance. The reason as to why the country started to sign DTTs is the same as other countries. That is, whenever funds are invested from one country to the other, the returns on investment are liable to taxation in both countries. The purpose of double taxation avoidance is to get rid of this double taxation between the two countries signatory of the treaty, this ought to be done without creating loopholes that permit tax evasion. In doing so, the treaty encourages the movement of capital and persons as well as boosting trade between the two countries. An argument similar to this was made by Dagan (2000), Radaelli (1997) and Gravelle (1998). The Indian Tax treaty had reinforced the coming of Mauritius as main channel for FDI into India. In 2002, the Indian tax authorities due to suspected abuses by Indian-resident investors questioned the treaty. However, after a string of impressive court hearing, the status quo was brought back. The Indonesian treaty lapsed for similar reasons on the 1st January 2005 after the Indonesian government informed the public about the termination in 2004. The matter was closed without any discussion regarding the issue The reasons given were that, allowing an assessment and evaluation of the implementation of the treaty, the Indonesian government has concluded that there was an abuse that was inflicting a loss upon Indonesia. The letter referred specifically to those foreign companies that are registered in Mauritius as Global Business Licence companies and to our domestic legislation that enabled them to obtain tax dispensation or nullification on their business Income from Indonesia, said the Government (source: www.lowtax.net/lowtax.html) Mauritius Reason of going for DTTS Most direct tax treaties were negotiated with FDI in mind (Manoj Pant Professor, JNU, 2006). Hence, one has a reason to believe that Mauritius went for DTTs for the same reason. Mauritius went for tax treaties so that investors investing in the country are comfortable. Treaties provide a structure for so that there is no or very minimal conflicts between the contracting parties. The treaties are also advantageous in the sense that it helps in signalling to investors that Mauritius is part of the international organisation and one can carry out business and investments there (Diane Ring(2006)). Another reason as to why Mauritius favours DTTs is so that companies may get some relief from taxation in both the country of origin and the country it is investing in. In addition to that, with the varying tax systems around the world, no taxation scheme can guarantee an impartial capital export or import regime. DTTs also reduce tax avoidance, tax evasion and other more or less legal tax-saving strategies such as transfer pricing. Mauritius and the offshore Jurisdiction Mauritius launched its global business sector in 1992 and has concluded several tax treaties since long before that. The Government has set up a wide choice of incentives to attract investment and consequently, while the agricultural sector used to lead, tourism followed by textile production makes up a huge part of the economy of Mauritius. The legal and fiscal framework has been strengthened through a series of modern and user friendly legislation being into practice. This fact has helped Mauritius rise as a prominent offshore financial services centre. Trends in the Mauritian Offshore sector On an international scale, the offshore industry has highly helped to bring forward the global financial structure. This chapter illustrates the activities, strengths and weaknesses of the offshore sector in Mauritius. It also depicts its role and growth throughout the last nine years. Definition In most countries, an offshore jurisdiction is often perceived as a conventional key to decrease disproportionate tax burdens levied on investors. According to the International Monetary Fund (June 2000), Offshore finance is, at its simplest, the provision of financial services by banks and other agents to non-residents. Worldwide offshore activities have been one of the various famous issues which had attracted the attention of the international standards involved in the international regulatory system. Over the years, Mauritius has diversified its economic activities from the sugarcane export through the manufacturing sector and has now become a nearly full-fledged offshore investment platform. Offshore business has been a useful tool for the financial integration of Mauritius and has greatly contributed to its economy. The Financial Services Commission outlined that Mauritius continued to develop as a world class financial services centre, focusing on high levels of service and international standards within a business-friendly and professional environment. The Mauritian offshore sector has been able to impose its well-defined status as a valuable business spot. History of the offshore sector In 1989, offshore Banking has been the start of the financial services in Mauritius when the first Offshore Banking Unit (OBU) was licensed. A governmental framework for non-Banking offshore institutions has been operating since 1992. At the time, the Mauritius Offshore Business Activities Authority (MOBAA) was launched to act as a regulatory body for all non-banking business activities. Ever since, the offshore companies and fund registrations grew swiftly. List 1 in Appendix details the activities that the MOBAA consent to. On May 15, 2001, the Financial Services Development Act was approved. It recognized the FSC as an institution reliable to perform all functions that were previously carried out by the MOBAA. Since then, the FSC has been motivated towards the consolidation of a flexible and robust regulatory environment for financial services. In August 2002, the Financial Intelligence Unit (FIU) has been established to fight against crime, alleged money-laundering and terrorism. The key opportunity which hugely helped to the development of the Mauritian offshore sector is the network of tax treaties, especially with India. Double taxation agreements provided striking features to Mauritius as an appealing investment prospect. Mauritius has now attained a number of 35 tax treaties with the rest of the world. Thanks to India which has been promoted as the 2nd most attractive global FDI location from the World Investment Prospects Survey 2008-2010 published by United Nation Conference, Mauritius is being seen as a flourishing fund administration. Types of companies operating in the offshore sector of Mauritius Offshore activities are carried out by various corporations in Mauritius which are explained below. The descriptions are largely inspired by FSC annual reports and the Income Tax Act. Global Business Companies Under the Financial Services Development Act 2001, a global business is defined as a corporation holding either a Category 1 or a Category 2 business licence. GBC1 According to the FSC, a GBC1 is a corporation which undertakes any activities listed in the Second Schedule of the FDSA 2001 which is carried on from within Mauritius with persons all of whom are resident outside Mauritius and which is conducted in foreign currency. If properly managed and controlled, a GBC1 might qualify as a tax resident and will take advantage of the Double Taxation Avoidance Agreement (DTAA) network. This provides a golden opportunity for international tax planning. GBC2 If a private company does not conduct any business with the people residing in Mauritius and thus does not deal in Mauritian Rupee and is incorporated under the Companies Act 2001, then it is said to hold a Category 2 GBL. A GBC2 is nonresident by definition and thus cannot benefit from the network of DTAAs available in Mauritius. Better confidentiality being one of its main advantages, a GBC2 is very efficient in holding and managing private assets, given that the company is properly handled. Table A in appendix gives a brief summary and comparison of the features, limitations and incorporation procedures of GBC1 and GBC2. Source: HSBC MAURITIUS: A GUIDE TO GLOBAL BUSINESS Since the initiation of the Global Business Sector (Offshore Sector), its evolution has been quite evident. The number of both GBC 1 and GBC 2 companies has been kept increasing as shown in the above figure of Evolution of Global Business Companies. Protected cell companies (PCC) A PCC is a special type of offshore entity. It allows for the legal separation of assets attributable to each cell of the company whether it is owned by another company or a single person. The procedures for a PCC to be licensed and incorporated are the same as for a GBC1 and can also be converted into a normal GBC1. Trusts This type of offshore vehicle can be set up by either residents or non residents. They provide a legal and efficient way of securing oneÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€¦Ã‚ ¸s asset. Trusts can take various forms; charitable trusts, discretionary trusts, purpose trusts or trading trusts. Qualified global business can be carried by a Trust after obtaining a GBC1 license. A trust may not be able to obtain a GBC2 licence. Socit The Code de Commerce Amendment Act of 1985 allows for the formation of a socit en nom collectif which can be translated as partnership and socit en commandite simple which can be translated as limited partnership. Both are used in order to control and plan investment in the global business sector. The Finance Act 1996 allows the socits to benefit from the DTAAs. OTHER FACTOR AFFECTING FDI No Corruption It is among the countries which have recorded a significant improvement in apparent levels of corruption, according to the 2010 Corruption Perception Index of Transparency International. Mauritius is ranked 39th out of 178 countries (source: https://www.transparencia.org.es), and is second in Africa, after Botswana. Corruption is not seen as an obstacle to foreign direct investment. Hence to keep up with the progress of FDI, the government must make sure that corruption is fully combated. Greenfield Investment Greenfield investment refers to the fact that companies from abroad (multinationals open up branches or subsidiaries in Mauritius. This acts as a capital inflow to the country, thus such investments may be encouraged to keep FDI sound. Evolving from employment quantity to employment quality Just going on creating employment is not enough to improve the states economic position. Quality of the employment provided also need to be considered. For example, just recently, the government started advertising about the number of job vacancies in different sectors, mainly in textile industry. This is employment quantity. There are many qualified persons, those possessing degrees in science, history and others, who are unemployed. Employment provided of these people would be employment quality. Economic upgrading Economic upgrading is important as a next step to industrial change. It is important to consider a countrys investment strategy. Developing the financial markets may help to attract FDI as the World Investment Report estimates that for every FDI dollar, 3 dollars are raised locally. The government also needs to upgrade existing FDI in medium term, that is, it needs to let firms think regionally, after establishing linkages, raise education levels, and tap niche markets. DOUBLE TAXATION TREATIES AND FDI IN MAURITIUS Developing countries sign double taxation treaties (DTTs) in order to attract more foreign direct investment (FDI) (Eric Neumayer, February 2006). The same thing can be said in the case of Mauritius. The latter restricts its capability of taxing the income of foreign investors so that more FDI is the reward. If an international company is faced with double taxation, this can represent a hindrance to foreign investment. Through double taxation treaties, the incentives for investment are a low corporate tax rate or exemption from tax, exemption from customs and excise duties on imports of equipment and raw materials; exemption from tax on dividends and capital gains; a low rate of 5% registration duty for notarial deeds; free repatriation of profits, dividends and capital; and reduced tariffs for electricity and water. Even for Mauritius, the use of fiscal incentives (tax concessions, cash grants and specific subsidies) is standard just like other offshore jurisdictions. Mauritius sign s DTT for various reasons. Investors originating from the countries with which DTTs were signed invest in Mauritius, they benefit from the DTTs as the country provides them with safety measures and steadiness with regards to the issue of taxation. The country also commits to granting certain relative standards such as treating foreign investors better than national investors. Thus, this should be acting as motivation for them to put in funds in the economy. As a result, one would be expecting FDI to be quite high, both the inflow and outflow. https://www.ic.keio.ac.jp/en/download/jjwbgsp/2007/5_Mauritius.pdf Contribution of Offshore sector to the economy The Mauritian offshore sector has created a well-defined position in the domestic development. Since its establishment in 1992, it has continued expanding at a growing pace. In order to assess the impact of the offshore sector on the economy data from various reports of the FSC and the CSO will be analyzed. The data considered is based on four factors: 1. The contribution to GDP 2. The evolution in the employment levels 3. The growth of GBCs 4. The financial performance of NBFIs. 3.4.1 Contribution to GDP The link that exists between the offshore sector and the economy can be studied by considering the contribution of the financial services to GDP. GDP is defined as the grand total money value of all goods and services produced in an economy over a specific period of time. Table 1: Gross Domestic Product by industry group at current basic prices, 2000-2008 In the beginning of the millennium, textile was the predominant agent that added most to GDP; nevertheless, the above table shows that financial intermediation also has its share. In 2000, Financial Intermediation accounted for 9.6% of GDP and Textile represented 11.9%. However in 2008 the former represented 10.9% of GDP while Textile stood for 5.4%, or approximately half the value of Financial Intermediation. In nominal terms, Financial Intermediation grew by 150.2% in nine years from 2000 to 2008. This impressive growth is the result of attractive investment incentives and structuring offshore regimes. Financial Intermediation can be broken down into three parts; the Insurance sector, the Banking sector and other. The latter is believed to account for the offshore sector. As shown in the table below, financial services sector, whether it is banks, insurance or other, has continuously increased and led to constant GDP growth. Table 2: GDP by industry group at current basic prices. The share of the offshore sector in the GDP increased from Rs1950 millions in 2005 to Rs 2910 millions in 2008, which represents a nominal increase of 49.2% in only 3 years. This is due to the independence of the FSC and the liberalizing of the international Global Business Companies system in 2007. As from its establishment, the offshore business has not stopped expanding and contributed to the development of the economy. While in 2000 the offshore sector represented 0.82% of GDP, in 2008 it grew to reach 1.25%. Another way of analyzing the contribution of the offshore sector to GDP is by considering the sectoral growth rates of GDP. Table 3: Gross Domestic Product by industry group sectoral real growth rates (% change over previous year ), 2000 2008 The table above shows that contrarily to other sectors of the economy such as Sugarcane and Textile, Financial Intermediation sustained a positive growth rate from 5.8% in 2002 to 10.1% in 2008 and for most of these years the growth has been greater than those of the other sectors. In fact, the positioning of the island as a business hub, the competent human capital base and network of tax treaties continue to be the key tools to accomplishment of that sector. Table 4: Gross Domestic Product by industry group sectoral real growth rates (% change over previous year), 2005 2008 The table shows that the offshore sector has been performing very well for all these years, with an ongoing positive growth rate .The average growth rate of the offshore sector was 11.8%. This might be due to a good and strong supervision and efficiency from the part of companies. Employment Generation Another direct impact of the offshore sector is the striking job creation that an international financial center may provide for the natives. Table 5: Employment in financial intermediation As shown in the table above employment in Financial Intermediation keeps on increasing. Originally, the emphasis was focused on employment creation in manufacturing rather than expansion of a financial services centre; but this has progressively changed. From 2000 to 2008, the increase in employment was of 51.2%. The insurance sector is the largest employer in the non banking financial institutions. The figures presented above comprise of local and expatriate staff, but the sector depends more local staff than expatriates. In the offshore sector most of the people employed work in Management companies or in Corporate trustees. The share that Financial Intermediation represents in total employment also did not cease to increase during all these years. Growth of GBCs A useful indicator to identify the impact of the offshore sector to the Mauritian economy might be to evaluate the number of licences that have been granted allowing companies to operate in Mauritius. New companies help to develop innovative activities and expand the existing ones in the offshore sector. The table below shows that Mauritius has developed a niche industry in the increasingly competitive global business sector. The sector demonstrated a total of 36711 licensed GBCs in 2008. Throughout the years, the number of licensed GBC1 kept on increasing. Its growth rate was continuously positive. The number of GBC1 almost doubled in 2008 as compared to 2001. In 2008 there was a fall in the number of license granted to GBC2 from an 11.88% increase in 2007 to a 9.12% increase in 2008. This could be attributable to the financial crisis. Even though, it was predicted that the credit crunch would have no impact on Mauritius, it was found inevitable that its offshore sector would be hit as less foreign investors came to Mauritius. However, the average growth rate was maintained showing a strategy building exercise to face the numerous challenges. Table 6: Growth rates of GBCs Financial performance of NBFIs When considering the value of the assets and profits as well as the turnover of NBFIs, one can assess the impact that this sector has on the economy. Table 7: Financial performance of NBFIs As can be seen from the table above, whether it is for GBC, insurance or for other NBFIs, assets, turnover and profit kept on increasing. In two years time the assets of insurance companies in Mauritius increased by approximately 27.5% while the profits of GBC almost tripled. Though it is not present in the table, the total value of the assets of the NBFIs represents a very high percentage of GDP illustrating that Mauritius is now slowly diverging from its other sectors and emphasizing on Financial Intermediation which acts as a route for investment. 3.5 Conclusion The various activities and evolution of the offshore sector have been targeted. The above figures in short reveal that the offshore sector as well as the whole of the financial services sector in Mauritius is in good health and is very likely to sustain it. Foreign Direct Investment by Sector, 2006-2009 (USD millions) Manufacturing Tourism Banking Real Estate Other 2006 5.7 83 114 15 11.3 2007 8.5 187 127 32.2 5.3 2008 5 137 157 65 29 2009* 20.5 89 15 54 16.5 Foreign Direct Investment by Country of Origin, 2006-2009    2006 2007 2008 2009* (USD millions)             U.K. 121 87.6 70 37 France 16.6 36.7 40.2 56.7 U.S. 5.2 74.4 36.6 19 India 5 19 66.2 9.3 Switzerland 18.6 40.2 21 12 Dubai 3.6 40 29.2 11 South Africa 1.2 15.6 49 10.5 Belgium 2.6 14 9.8 3.1 Reunion Island 4 18 1.7 2.4 Germany 5.6 1.8 5.9 0.4 Luxembourg 1.1 2.1 7.2 2 China 0.2 2.7 5.3 Others 44.3 10.6 54 26.3 Total 229 360 393 195 Source: Bank of Mauritius * Figures for 2009 are for the period January-September only https://www.state.gov/e/eeb/rls/othr/ics/2010/138111.htm Analysis of the FDI: Following numerous years of downfall, FDI lifted strongly in 2006, after important economic reform measures taken by the authority to widen the economy, smooth the progress of business, and develop the investment climate. In the period 2006 to 2009, more than USD 1 billion of foreign investors was attracted in Mauritius as shown in the table above. In the year 2008, the major supply of FDI inflows into Mauritius were U.K, accompanied by India, South Africa, France and the United States and as we can notice, all of them apart from United States have DTTs with Mauritius. Altogether, these five countries contributed about three quarter of the total investments. Tourism and Banking Sector were the main driving force to attract the mass FDI. In the first nine months of 2009, FDI amounted to USD 195 millions with main contributing countries being France, UK and the United States along with Switzerland, Dubai and South Africa. The sectors which contributed most in 2009 were Hotel and Tourism, development in real estate through the Integrated Resort Scheme (Luxury Hotels), and banking. As we can see, there has been a large number of companies coming in Mauritius to inject capital as Mauritius has provided them with many incentives namely access to custom-free zone for goods particularly for re-exportation purposes and taking the advantages of Mauritius being a member of IOC, COMESA and SADC would give them favoured right of entry to a 380 million based customers market, representing imports prospect of USD 90 billion. Four main US investors in Freeport zone of Mauritius are Mauriden Ltd, Amazing Stone, Boxmore Plastic Ltd and Casamar Ltd in the Freeport Zone. To benefit from the ideal location of Mauritius that connects South Africa to India and China, Apollo-Blake and Teleforma Inc, two US investors, have started their Business Process Outsourcing (BPO) company which is based on client relations services. Mauritian investors have been in joint venture with several French and British companies to infuse capital in the ICT sector following the government strong incentives to push technology-related businesses. Business Process Outsourcing activities, disaster recovery and business continuity centres, call centres, and software development are fields that have been undertaken by leading global players including Accenture, Hinduja, Huawei, Infosys and Orange Business Services. Then we have the Covance Laboratories Ltd holding two fifth of the total share capital of Noveprim Ltd, a domestic company which exports guinea pigs to U.S and European medical research laboratories. Moreover, in 2006, Coventa Energy and Gamma Civic Ltd in joint venture were to use USD 160 million for a green environmental project in Mauritius. Mauritius have an emerging Land-Based Oceanic Industry sector which is yet to be exploited. Eco-friendly technologies will be used to pump pure deep sea water for bottling and air conditioning purposes in the IT and tourism industries. Thompson-Chalon Associates (US and South African joint venture) have undertaken this project with execution of the first stage of the eco-park costing USD 150 million. Indian companies also have made significant investments in the last few years. Due to lack of competition in the retail petroleum station, Indian Oil Ltd jumped in to exploit the market with USD 18 million in storage terminals of fuel and retail distribution. Moreover, Phoenix Beer having monopoly power in the local country encouraged Universal Breweries Ltd to launch Black Eagle Beer with an investment of USD 9. In addition, in 2006, Mauritius Telecom, the local utility, was the only fixed phone provider in Mauritius before Mahanagar Telephone Mauritius Ltd (MTML) commenced its own telephone service in Mauritius. The State Bank of India took over the domestic Bank, Indian Ocean International Bank (IOIB) for the amount of USD 8 million to provide a easier frontier for people investing in India as Mauritius was reported in 2009 to be the largest investor in India. The Tourism sector being one of the most performing sectors in Mauritius in terms of revenues, has been a major incentive for Sagar Hotels Resorts to construct a Hotel with a USD 47 million estimation in 2006. Due to lack of medical services in the local country or from an investors point of view, medical services being a market yet to be exploited, Apollo Hospitals Groups from India constructed a high-tech hospital with 200-bed capacity with estimated cost of USD 30 million in 2007. In 2008, a Chinese company invested MUR 200 million in a paper recycling project for the manufacturing of toilet and photocopy paper. China intends to invest massively in the Jin Fei Economic and Trade Cooperation Zone in Mauritius to benefit from the trade zone that benefits Mauritius. First, to develop the infrastructure for the promotion of the Trading zone, the Chinese firm Shanxi Tianli Enterprise Group is preparing to invest USD 100 million. Moreover, the Chinese government is supporting the total cost of the Trade and Economic Zone project estimated at around USD 770 million and is looking forward to catch the attention of Chinese investors in a various sectors in order to conquer the regional markets of COMESA and SADC. In late 2009, the projects work started and is expected to complete in 2016. Over 30000 jobs will be available and will be generating around USD 215 million in export earnings per annum. Indian Ocean Commission (IOC), Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC) , African Growth and Opportunity Act (AGOA) Direct Invest Abroad by Sector (USD millions) Manufacturing Tourism Banking Real estate Other Total 2006 10.6 12.4 0.4 2.9 9.7 36 2007 7.3 33.4 3.5 7.6 5.2 57 2008 7 31.7 7.2 7.3 2.2 55.4 2009* 3.2 17.4 6.4 3.7 1.5 32.2 Direct Investment Abroad by Mauritius, 2006-2009   USD millions Maldives Madagascar Seychelles Mozambique France Reunion Island USA India South Africa Others 2006 3.4 9.2 5.9 8.6 2 0.2 0.4 8.1 2007 9.3 8.3 5.4 4.5 5.2 4 2.9 1 1.1 18.5 2008 21 8 5.7 0.3 6 4.8 0.4 0.9 0.7 8.4 2009* 9.8 2.7 6.3 0.3 1 0.8 0.4 4.9 Total 43.5 28.2 23.3 13.7 13.2 10 4.1 2.3 2.2 39.9 Source: Bank of Mauritius * Figures for 2009 are for the period January-September only https://www.sardc.net/Editorial/sadctoday/view.asp?vol=685HYPERLINK https://www.sardc.net/Editorial/sadctoday/view.asp?vol=685pubno=v11n1HYPERLINK https://www.sardc.net/Editorial/sadctoday/view.asp?vol=685pubno=v11n1pubno=v11n1 From the table above, we can observe that Maldives, Madagascar and Seychelles are the most influential countries in terms of capital outflows. Maldives has attracted capital through their tourism and Banking sector. The reason for investing in Maldives tourism sector is that  the substantial demand from the emerging economies in Asia has boosted the hotel industry in Maldives, and has even offset the decrease in demand from Europe due to recession. Maldives becoming an ideal location for tourists can also be translated to Maldives becoming an ideal location for investors to invest. Seychelles is in competition with Mauritius in terms of the Tourists and offshore investors preferred location. Not to put all eggs in one basket, investors in Mauritius went to the Seychelles to diversify their investment as both countries have plenty to offer. Local manufacturers in Mauritius have been allowed to use fabric from Third Country Source under African Growth and Opportunity Act (AGOA). Mauritius textile and garment sector can benefit substantially through this Third Country Fabric provision as it is going to help Mauritian textile factories to catch the attention of more US apparel buyers.   This is the reason why a few local textile entrepreneurs have been motivated to open factories in the nearby region, mostly in Madagascar and Mozambique. A Regional Food Company (RFC) has been set up by Mauritius, Madagascar and Mozambique as a measure to promote food security. African Development Bank has agreed to help Mauritius in this project with Mozambique and Madagascar. Under this cross-border initiatives, Mauritius envisage to grow a wide range of crops mainly rice, corns, onions and potatoes in Madagascar and Mozambique. Banks in Mauritius has started to open up their wings abroad in a view to widen their business. The Mauritius Commercial Bank Ltd has already settled itself in the Indian Ocean namely Seychelles, Madagascar, Mozambique, Reunion and Maldives. On the other hand, the State Bank of Mauritius has started dealing in Madagascar and in India in a view of expansion. Mauritius, having been involved in the production of sugar from more than one century, is using its know-how to re-establish and organise sugar production in Mozambique, Ivory Coast, Tanzania, Uganda and Madagascar.