Math questions Speech or Presentation Example | Topics and Well Written Essays - 250 words

Math questions - Speech or Presentation Example vertisement: â€Å"In a recent clinical study, Brand ABC* was proved to be 1950 percent better than creatine!† Actual brand will not be named (Sobecki et al., p. 810). Comment: For one, the statement is missing numerical figures essential a reader’s understanding such as the probability that the new substance promoted would take effect within a specific confidence interval. Despite claiming that the product is 1950% proven effective, no actual proof is presented so the ad’s exaggeration could either raise suspicion or stir curiosity on potential consumers. Readers may also find themselves trying to make vague sense of how recent the study was made since the claim does not go any further than mentioning ‘recent’ which could mean dating to a couple of years back. Moreover, the term ‘clinical’ appears insignificant unless replaced by a name of a credible health institution known to have conducted similar studies in the past. By not divulging the brand name or label, the advertisement runs the risk of making some of the readers think that it is a possible hocus-pocus or that without sufficient details, it emerge s a detractor of another leading brand in the market. Explanation: The double negatives and the manner in which the question is made seems misleading as it occurs more disposed to convince someone to agree that tutoring students who pass is still important. Chances are, on one hand, the person being asked may be readily and psychologically conditioned to consider the importance of tutorial in any case without paying due regard on situations it is most needed, and on the other, he or she may find that passing students make no significant difference from the failing ones. So the ambiguity of meanings attached to the question might cause results out of an erroneous understanding that tutorial is actually a necessity and the query sounds as if no second thoughts or further analysis is required. It is quite obvious how the application of suspect

Matlab problem Assignment Example | Topics and Well Written Essays - 1250 words

Matlab problem - Assignment Example It is to see to it that the resistors used are not unnecessarily too many and that the value of resistance that they form in combination are the closest to the desired value of resistance. Problem statement Resistors are measured in SI units known as ohms. In a bid to ease the process of manufacturing in bulk, the manufacturers of resistors usually do it in some standard set measures. These standard resistors are known as E12 resistors. They are the resistors with the values 10 ?; 12 ?; 15 ?; 18 ?; 22 ?; 27 ?; 33 ?; 39 ?; 47 ?; 56 ?; 68 ?; and 82 ? Designers of electrical components who which incorporate the use of resistors usually design for some arbitrary resistance values which shall best suit the requirements of the component under design. Given that resistors are manufactured in the 12 standard values, this implies that the designer shall have make an appropriate combination of a number of the standard resistors to form a value that is as close to the designed value of resistan ce as is practically possible. The combination should use as few resistors as possible to minimize costs and this calls for proper optimization. In this task, resistors are to be combined in series since resistors combining in series have the total resistance being the sum of the individual resistances of each one of the resistors connected in series. In this problem the designer desires to get optimization modes of combining resistors in series to get the following values of resistances:- 20 ?; 100 ?; 200 ?; 1k ?; 2k ?; 50k ?; 100k ?; 2m ?; 20M ?; 150M ?. Method The method employed in solving this problem takes advantage of the fact that each one of the E12 resistance values form a geometric series, they are all approximately 21% larger than the previous value. The method employed also takes advantage of the fact that for resistors in series, the total resistance is given by summing up the value of each of the individual resistances of the resistors connected in series. i.e, RT = R 1 + R2 + R3 The method employed also targeted at making the program user friendly. It was to engage the user in a human like dialogue and hence be usable even by people who have no knowledge of programming. In this regard, the method employed was to write a program code that would ask for some two information from the user of the program. The first information to be inquired from the user is the desired value of resistance (target value). In this case the user would input one of the following as desired; 20 ?; 100 ?; 200 ?; 1k ?; 2k ?; 50k ?; 100k ?; 2m ?; 20M ?; 150M ?. The second information to be inquired from the user is the maximum number of resistors that can be combined. This was introduced in a bid to cut down on the cost of manufacturing. The method employed also involved the use of shorthand in which case, M, K and R were used instead of M ?; K ? and ? respectively. So as to make it possible for the universally accepted and used shorthand used by electrical engineers be in put in the program by the users. Results and discussion The program so formed is user friendly and able to ask for the two values from the user, i.e. the value of resistance desired and the maximum number of resistors to be combined. The program is also able to accept values of input written in electrical engineers’

The Woman In Black Theatre Essay

The Woman In Black Theatre Essay The Woman In Black belongs to the gothic genre. The genre was created by Horace Walpole, He wrote The Castle of Otranto which was the very first gothic novel which was written in 1764. The Gothic genre normally includes Isolated Places, such as the house Arthur stays in, Supernatural creatures, Such as the ghost Woman in Black, Damsels in Distress such as Arthur at the end of the play when he has had enough of the haunting. The woman in black is a terrifying gothic play. Stephen Mallatratt, the playwright achieves this by writing an effective mise-en-scene including setting, lighting, props, sound, the text, and stage directions for actors. These all merge together and create a nerve shredding experience. A technique that Stephen Mallatratt uses to create a scary experience is lighting. For example, when the sound of the pony and trap was playing there was a black out. The black out made it daunting because no body knew what was happening and this created a lot of anxiety. The noise was very loud and it was threatening, the audience didnt know what to do because you couldnt see anything so you were put through the torment of being in the pitch black listening to a child cry. Another time when lighting was used to create a terrifying effect is when Jerome and Arthur were in the church at the funeral of Ms Drablow. The lighting was used to present a cross and a stained glass window. This was very Gothic, and creates an edgy atmosphere because the audience didnt know if something was going to pop out, the only light was from the cross and window, which is very creepy. The lighting is also used in a clever way. When the lights hit the curtain it exposed a whole Childs playroom. Its bloodcurdling to watch because until the lights where used, the audience couldnt see the other room. The audience dont know how it got there and what was going to happen. Another technique used is Sound. Sound is used throughout the play, and its a major part in creating a nerve shredding experience. The sound is used for ghostly encounters or the curse of the child screaming when hes drowning. Stephen Mallatratt also uses volume to make the sound scarier. When the child is drowning it starts off reasonably quiet and then it gets deafening, giving the effect the pony and trap is getting nearer, and then suddenly the child starts screaming. It makes other people scream because theres a black out and a loud cry. The use of sound and lighting combined makes the play truly chilling to watch and hear. Sound contributed to the gothic atmosphere because a lot of the time the noise was sudden. The audience do not expect to hear children cry or other spooky noises so its very scary to hear. Sound is used to create suspense by making the noises start at a quite level but then reaching a louder more nerve shattering sound, this happens when the pony and trap are moving, this also could represent distance, the further away the quieter the noise, the closer it is the louder the noise. Stephen Mallatratt uses only 3 actors, the actor, Kips and the Woman in Black. I think Stephen Mallatratt uses only these 3 people because using more actors could take the tension they have already built up away. For example, when spider runs off and gets stuck in the mud and the actor goes to pull him out. During this the real Arthur Kipps is standing on stage explaining whats happening while the actor is showing the actions. At the moment were the tension breaks, the real Arthur Kipps, changes from narrating to acting as Keckwick. In my opinion, if there was a change of actor the whole scene and all the tension they had created would be lost. The way they do this is nerve shredding because its so weird how the actors can just change the characters in short amount of time. Stephen Mallatratt gets the actors to use different tones of voice, facial expression, coats, habits and many more to portray change of character. An example of when he portrays this is in the first scene when Arthur Kipps is acting as Tomes. Tomes has a sniff so when Arthur Kipps is acting as him he makes sure the sniff occurred every twenty seconds. This made the audience know that he was acting as a different character. This is effective because we know that its the same person but its intresting to see the ability of the actor when he/she changes there facial expressions, voices and other factors. Overall I think Stephen Mallatratt did a good job at terrifying everyone within the theatre, the parts when everyone screamed where mainly because of the lighting and the sound. If there werent these two factors I doubt the play would have been as effective as it was. I personally enjoyed the play and how it affected me, I wasnt expecting to be scared but I was which proves how the light and sound is effective.

Comparing George Eliot’s Adam Bede and Christina Rossetti’s Goblin Mark

Comparing George Eliot’s Adam Bede and Christina Rossetti’s Goblin Market George Eliot’s Adam Bede offers a realistic and highly detailed look into the everyday life of ordinary people in rural Treddleston. Although the characters are fictional, several of them are based upon people Eliot knew or knew of, which adds to the realism. As she delightedly observes and describes the intricacies of the natural, ordinary world, Eliot pays attention to human nature, applying keen psychological insight to characters’ thoughts, choices, and actions. Eliot seems to understand that certain people are a certain way, and she encourages her reader to gently evaluate, rather than hastily judge, both her characters and people in general. Within the novel, Hetty’s infatuation with Arthur, and the personal shame, social ostracism, and legal punishment she experiences as a result, require an extra dose of empathy and understanding. Eliot demonstrates the characteristics that render Hetty liable to a fall and shows, using Dinah as a contrasting example , how the stereotypical perception of the â€Å"fallen woman† needs to be adjusted in order to allow for human weaknesses and mistakes. Christina Rossetti also provides an insightful look into the problem of the â€Å"fallen woman,† and of the perception of this kind of woman, in Goblin Market. Unlike Eliot, who uses realistic characterization and carefully detailed prose, Rossetti relates her views through fantastical characters and highly energized poetry. Although they work within different genres, however, Eliot and Rossetti both challenge the stereotypical understanding of what it means for a woman to be â€Å"innocent† or â€Å"experienced.† Through the contrasting natures of sisters Laura and Lizzie,... ...eaders to challenge their own notions of what is and is not acceptable, and to have compassion on those who, for reasons not always easy to control, have made poor choices. Eliot and Rossetti both seem to realize a paradox of femininity: women must be kept innocent and protected from certain types of knowledge, but if they are not made aware of this knowledge, they may be prone to making foolish choices that cannot be undone. Eliot’s telling of Hetty’s story is like Laura passing on her story to her daughters: they aim to educate women so that they might learn from others’ mistakes. Works Cited Eliot, George. Adam Bede. Oxford: Oxford University Press, 1996. Rossetti, Christina. â€Å"Goblin Market.† The Norton Anthology of English Literature: The Victorian Age. Ed. M. H. Abrams and Stephen Greenblatt. 7th ed. New York: W.W. Norton & Company, 2000. Comparing George Eliot’s Adam Bede and Christina Rossetti’s Goblin Mark Comparing George Eliot’s Adam Bede and Christina Rossetti’s Goblin Market George Eliot’s Adam Bede offers a realistic and highly detailed look into the everyday life of ordinary people in rural Treddleston. Although the characters are fictional, several of them are based upon people Eliot knew or knew of, which adds to the realism. As she delightedly observes and describes the intricacies of the natural, ordinary world, Eliot pays attention to human nature, applying keen psychological insight to characters’ thoughts, choices, and actions. Eliot seems to understand that certain people are a certain way, and she encourages her reader to gently evaluate, rather than hastily judge, both her characters and people in general. Within the novel, Hetty’s infatuation with Arthur, and the personal shame, social ostracism, and legal punishment she experiences as a result, require an extra dose of empathy and understanding. Eliot demonstrates the characteristics that render Hetty liable to a fall and shows, using Dinah as a contrasting example , how the stereotypical perception of the â€Å"fallen woman† needs to be adjusted in order to allow for human weaknesses and mistakes. Christina Rossetti also provides an insightful look into the problem of the â€Å"fallen woman,† and of the perception of this kind of woman, in Goblin Market. Unlike Eliot, who uses realistic characterization and carefully detailed prose, Rossetti relates her views through fantastical characters and highly energized poetry. Although they work within different genres, however, Eliot and Rossetti both challenge the stereotypical understanding of what it means for a woman to be â€Å"innocent† or â€Å"experienced.† Through the contrasting natures of sisters Laura and Lizzie,... ...eaders to challenge their own notions of what is and is not acceptable, and to have compassion on those who, for reasons not always easy to control, have made poor choices. Eliot and Rossetti both seem to realize a paradox of femininity: women must be kept innocent and protected from certain types of knowledge, but if they are not made aware of this knowledge, they may be prone to making foolish choices that cannot be undone. Eliot’s telling of Hetty’s story is like Laura passing on her story to her daughters: they aim to educate women so that they might learn from others’ mistakes. Works Cited Eliot, George. Adam Bede. Oxford: Oxford University Press, 1996. Rossetti, Christina. â€Å"Goblin Market.† The Norton Anthology of English Literature: The Victorian Age. Ed. M. H. Abrams and Stephen Greenblatt. 7th ed. New York: W.W. Norton & Company, 2000.

Income Inequality Essay

Minimum Wage Income inequality in America has become a big issue, one that many of us hear every day; whether on the news or from our parents. But normally, we don’t hear the actual phrase used. We hear things like â€Å"the top two percent,† or, the â€Å"rich vs. the poor.† So, what is income inequality? Income inequality is defined as the difference between individuals or populations in the distribution of their assets, wealth, or income. So, with that in mind, why would anyone be against raising a minimum wage? At first glance, the plan does seem to be an intelligent fix to a problem that’s stayed dormant for quite a while. Raising the minimum wage drastically from where it was in 2009 to now would be a blunt and possibly inefficient way of continuing to attempt to give the poor a better way of life. There is one simple fact that many people simply don’t look at: there are more than one group of people working for minimum wage. There is a myriad of people working for the federal 7.50, from teenagers on their first jobs to older people with second jobs. Jonathon Guryan, an economist at Northwestern University and a neutral observer of the wage debate, said that â€Å"It’s not helping as many or as large a portion of the labor market as you probably would like.† This being said, the workers that will benefit from a minimum wage increase would be so diverse that the group of people we are aiming to help, the poor and desperate, wouldn’t be getting all the help. Now, what of the small businesses and family companies that can hardly handle the current minimum wage? Well, they’d be taking a hit too if a drastic increase such as this were to hit. Businesses that make less money than others in their profits per year are expected to have to cut down on their expenses and lay off their workforce in order to compensate for the loss of funds. So, while the minimum wage would benefit the people in the business lucky enough to not be laid off, those who were fired could  be the very people we were attempting to help. Unfortunately, this could mean that a large part of the workforce that handles manual labor could be out of the job. Other businesses would not even be that lucky. There are much better ways to fight income inequality than just simply raising the federal minimum wage. It’s a very black and white argument for a topic that is not so black and white. To better improve our income equality, and therefore lift people out of poverty, we could be putting more funding into things like education, food stamps and the Earned Income Tax Credit (or the EITC), which is a refundable tax credit targeting people who make a low income. It would be a shame to not only miss a chance to reduce poverty now, but to forget that we’ll all be having this same conversation in a few years if we just raise the minimum wage. That being said, I don’t believe the federal minimum wage should be raised to $10.00 per hour.

Hitler Able to Establish a Dictatorship

Was Hitler Able to Establish a Dictatorship Because He Banned Other Political Parties? BY 002910 â€Å"Hitler was able to establish a dictatorship because he banned other political parties†. Do you agree? Explain your answer. The rise of Hitler as a dictator was one Involving many deferent factors. The political parties caused him a very challenging problem, and by banning them it undoubtedly helped him secure all-out rule. But was It the only reason why Hitler managed to establish himself as a dictator, and If not, Is It the main one?Hitler knew that the many opposition parties would pose him ND his government a real threat. He Instantly acted against them by getting Hindering to pass a decree stating they had to be Informed 48 hours In advance If a political meeting was to be held. This let Hitler take control of his political surroundings as It meant he would know when and where to go to break up a political meeting. It gave the Mans a strong foothold In the election that w as approaching and a good starting point to establishing his dictatorship as he was already limiting what others could do and was getting his way.However, he only got 4% of the vote at the election. With other political parties still around to vote for Hitler could never have had a dictatorship as he did not have a mandate to rule. Therefore, eradicating the other parties would appear to be how he became a dictator. We must consider what it is to be a dictator, and with any sort of political opponent around a dictatorship is implausible to establish. First, all choice of opinion must be taken away. In this way, banning political parties has to be a good reason why Hitler managed to become Germany's all out ruler.On top of this clear idea that e could never have absolute power with political parties still around is the fact that the Enabling Act, which to an extent was the blockage of power for any other party, really sealed Hitter's position as Germany's next dictator. What he said now became law, and he could do whatever he wanted as long as it didn't anger Hindering, the Industrialists or the Army too much. In this sense, it looks like when Hitler finally banned the formation of political parties on 14th July it was this that gave him the status as a dictator of Germany . He made the laws, and there was no other view to go against his.However, we must look at the other reasons why Hitler secured this power. By no means was banning political parties the only reason why he became an all-out ruler. Even if he had banned the political parties, without the support of the other groups which got him into power he wouldn't last long as Chancellor. The Night of the Long Knives is one of the main reasons why he became a dictator as It kept on side those who had the power to overthrow him. Room's proposals to take over all German businesses did not sit well with the Industrialists as they would lose all their rower, money and influence.He also wanted to merge the Army Into the S. A. , onto popular move with the Army generals. By choosing to arrest and kill Room Hitler made sure that he held onto power; without sling with these groups they could well have forced Hindering to sack him as Chancellor. But by choosing the Army and Industrialists over his own party he showed that, although there were no longer any political parties, Hitler was still not the dictator of Germany as he was being forced to but did still have outside factions to impress.Therefore, it was also the death of Hindering and the oath by the Army which made Hitler the dictator of Germany. With no one above him to get rid of him, Hitler could then declare himself F;here and make the Army swear an oath to defend him. Now the outside groups had no one to complain to if they didn't like what was going on. They were also now bound to follow him; the Army had to give their lives to him, which meant no threat of any military coup, and the Industrialists could not speak out against him as they could be arrested and sent to concentration camps.Yes, the banning of political parties gave Hitler the opportunity to declare himself ruler, but that opportunity could have been taken away if he hadn't managed to keep them onside throughout. Hindering could still have been pressured into sacking Hitler as Chancellor (he had done this to others many times before in the previous years), thus stopping Hitler getting the chance to become supreme ruler all together. As well as this, Just banning political parties would never have been enough to become a dictator due to one very obvious blockage; the Reichstag.With it still in the country the country was still democratic as the parties had a say in how the country was run. Hitler could not ban any political parties without getting rid of the Reichstag first. It was this that the Enabling Act actually got rid of so that Hitler could start to rule the country on his own. It was not actually the banning of political parties in Germany that set in motion the wheels of dictatorship but the demolition of democracy and the Whimper constitution.But at the same time this could also be seen as a reason why the banning of political parties as the reason why Hitler established himself as F;here. In reality, the Reichstag is made up of political parties, so getting rid of it could be seen as getting rid of the parties. This could be both for and against the statement in the question, but I believe that the Reichstag has to be treated as a separate thing. In conclusion, I think that although Germany's political parties did pose a major problem to Hitler and that banning it did help him to become a dictator, by no means is it the sole reason why he became one.Really, the Night of the Long Knives is more important as it is the point when everything could have collapsed for the Nazis. The start of Hitter's rule was all about pleasing those around him and trying to stay in power. Therefore, keeping the Army and Industrialists on side at this point was key to making sure he lasted out Hinderers life. The Reichstag is a mixture of both sides of the argument, but it still backs up the point that banning political parties was not the only reason why Hitler became a dictator and isn't the main reason why either.

Bullets in Victims Head Hate Crime or Parking Space

Bullets in Victims Head Hate Crime or Parking Space A Look into the Rational Choice Theory of Criminality Killing someone over a parking space is as absurd as receiving a death penalty for a stealing a bag of peanuts. Similarly, something is terribly wrong when experienced police officers with criminology background, succumbed to its potential as a motive for killing not one but three college students. This is because it is quite evident that the two victims were helpless female. The suspect, a college student who lived next door, describing himself as â€Å"Anti-theist†, deliberately shot them all in the head. These are clear evidence of motive but surprisingly ignored. It is irrational because the motive is contradictory to the fact that the duty to kill or not to kill is grounded on human morality, a norm of righteousness on which the evil of taking someone’s life is deeply ingrained. In other words, people by nature avoid wicked acts and unlikely to see any duty to end someone’s life for worthless things like a car parking space. Academic literature of human behavior suggests that there is an inherent, immeasurable and undiminished moral value attached to human life. In other words, human lives are priceless, equal in value and deserving of respect. Everyone, therefore, should honor the sanctity of human life regardless of race, religion, economic condition, and so on. This simple powerful moral truth about the value of life that most of  us accept and embed in our conscience is actually moral reason preventing us from hurting or killing anyone. It should be All Lives Matter rather than #MuslimLivesMatter. Also, you may read: Criminalize Cigarette Smoking   The Killing of Three Muslim-American College Students College Students   Most Criminals Plan and Make Rational Choices Considering the punishment and life implications of killing someone, it is very likely that a person who deliberately killed someone has an excellent and adequate reason. There is an indefinite variety of reason for people to kill other people but not all of them are justifiable. For example, a man who murdered his friend and later tells the court â€Å"My reason for killing him was that he broke my DVD player† is senseless and definitely not acceptable. If his reason was â€Å"He said to that my mother was a whore†, then perhaps for many, such reason is sufficient to kill someone. The problem, however, is that we are not living in a world in which aggression is an acceptable response to negative emotive language. In criminology, a rational person planning to commit a petty crime such as shoplifting, initially weigh the cost (arrest, imprisonment, shame, loss of job, etc.) and benefit (money, property, thrill, respect of peers, etc.) of the crime. Now, if the benefit is greater than the cost then a crime will be committed. Murder or killing someone is a different story, as violence does not necessary involves outrage, mental illness, or economic desperation. Murder for instance often involves planning, preparation, and making a rational choice. In real life, criminals are rational killers and far from those who randomly victimizing innocent people in movies. They normally carry and use their guns for more rational reasons such as self-protection, dangerous illegal activities, and so on. In fact, even in senseless killings, criminals have conscious motives such as revenge and they pick their targets with care. Although some killings are the result of anger and aggression, most offenders plan and make rational choices such as getting rid of witnesses, to avoid retaliation, and others. Clearly, killing three students by putting a bullet in their heads, women with Islamic headscarves, and executed by an Anti-theist, is beyond parking space dispute but rational motives.

Essay About Yourself

Essay About Yourself What Is a Personal Essay? A  personal essay  is a kind of narrative essay where the author tells about a certain life incident or something that has had a significant impact on him or her. It may also speak of a lesson learned, or simply express a point of view on some issue, which was of vital importance to the author. The personal essay appears to be one of the richest and most vibrant of all literary forms. ESSAY ABOUT YOUR GOALS If you are looking for personal essay examples here is a great one below. I think I’m starting to finally figure things out. I have to finish two more years of college to get my degree, and I’ve changed majors too many times: From Journalism to Recreation and Leisure Studies, then Psychology and now English. I’ve been all over the place, doing a lot of soul-searching in between, along with plenty of trial and error. It’s taken three years, but I finally figured it out. I want to major in English to become a writer once I graduate. I don’t care if I’m writing directions on computer software, or creating articles, blogs, essays, books or scripts – it doesn’t matter so long as I’m writing for a living. That’s all that matters to me. It’s what I’m good at, and I know I can make a living out of it. For year’s I’ve pushed aside this urge to write, to create, thinking I wasn’t good enough, that it wasn’t for me. What? Did I think I was Faulkner? I wrote in high school, mostly short stories, and plenty of articles for the school and local  paper. I wrote stories for my family and friends, little stories they would read in their free time. But when I got to college, I was led to believe it a futile journey – the one of the writer. The market for writers in the real world was slim or barely existent, I had been led to believe. So naturally I started off college majoring in something practical, where I could write and still make a living – Journalism. I could learn to write like a journalist, writing stories and doing research, conducting interviews. It seemed like a lot of fun, and I could be someone who could actually get paid to write for a living and not have to be a novelist or short story writer and rely on the consumer to buy my prod uct. Then something amazing happened. My grades were less than stellar that first semester. Journalism grades were fine, but it didn’t interest me enough to pursue for four years. I soon changed majors to Recreation and Leisure Studies where I would work with people who had disabilities, a concentration in that major called Therapeutic Recreation. I did that for a year and a half, that major, working summer jobs that would boost my resume, before transferring to another college. There I would start off studying Psychology – as it, in some ways, pertained to my previous major. I had also taken a Psychology course or two, having done pretty well in the courses. But my grades as a Psychology major were terrible, absolutely awful. I was placed on academic probation. It was late in the game, but I was pretty sure I’d never pass Statistics, which was crucial to completing the course of study for a Psychology degree. So I went to my advisor. They noticed the only A’s I had gotten in college were in English classes, writing and literature courses, I mean. This late in my college career, I thought it was time to just pick something, get my degree and get out of there and start my adult life and working career. I was ready to move out and start things. I was more than ready. It was time to graduate. So I chose to major in English. It was tough explaining this move to my family, but after spending the summer reading poetry and writing and thinking about writing and reading, it made sense. I was a right-brained creative, a person who needed art, breathed art and lived it and reveled in it. Art was part of my life. It made sense to study English, to make the move. I’ve always been a writer at the very core of myself, and it is time to embrace that. I’m glad to have made the change. Now I have a few more courses to complete before graduating next year: There is the 400-level seminar class, required by all the English majors. I have to also take a Shakespeare class, a class in the Romantics, and a creative writing class. All of which seem like a lot of fun. But I’m glad to have finally figured this out. All that is left is to graduate and move on. The college thing was fun, but it has run its course. PERSONAL ESSAY WRITING If you need help with personal essay writing contact our support team or place an order and our professionals will write a winning essay for you.

Axeman of New Orleans

What brought the city to their attention was the first crime made on May 23, 1918 when an Italian grocer, Joseph Maggio and his wife were butchered in their apartment during the night above the Maggio grocery store (Taylor). In the crime scene was the weapon, an axe, which seemed to have had been covered in blood. As police dug into the case, several suspects were questioned, but investigators seemed to be lacking evidence and the only clear clue seemed to be a message written in chalk near the home reading; â€Å"Mrs. Joseph Maggio will sit up tonight. Just write Mrs. Toney† (Taylor). Looking back into files, what seemed to appear was a case similar to the Maggio’s. Standing out was the use of an axe to chisel out an access way into the victim’s homes. More importantly in 1911 there were three other murders targeted towards Italian grocers (â€Å"Axeman†). There had to have been some kind of pattern forming. One month after the Maggio crimes came another scene of Louis Bossumer and Annie Harriet Lowe. Annie, discovered by neighbors lying in her own blood, claimed that her common law husband Mr. Bossumer attacked her. He lived behind his grocery store, but notice he was not Italian and survived, with a fractured skull (Smith). Popping out in the scene was again the access of the killer. In the house of Mr. Bossumer nothing was stolen, but the kitchen door was chiseled and lying on steps. After hospital treatment they were both released and with no charges pressed against them. Knowing that the â€Å"boogeyman† was still out there, New Orleans was preparing for another unplanned attack, and sure enough it took place a couple months later in August. Attacked, but not killed, was Mrs. Edward Schneider: she was found unconscious, with many gashes, and a few teeth missing from a fall of the axe. Seeing a small phantom-like form standing over her bed, she had awakened. No evidence was gathered, as with the murder of Joseph Romano who was an Italian grocer and was attacked just like others (â€Å"Axeman†). Police were never able to pick up any evidence of the identity of the Axeman. Now chaos was pouring through the city as families went into search groups and protected their families with shotguns. The month of August continued with exciting events, as the killer was spotted on August 11 attacking people in the streets, as rumors said (Taylor). Manhunts were created but nothing helped and even on August 21 a suspicious man was found leaping a fence but once again nothing was concluded. On August 11, a man named Al Durand found an axe and an attempt to chisel through his rear door, but apparently the door seemed to be too thick to cut through. Three more pieces of evidence appeared in three different ways. The rear door of Paul Lobella’s grocery and house was chiseled through while no one was home and with in the same day grocer Joseph Le Bouef reported an attempt to chisel through his rear door in the night. The last of the three pieces of evidence followed the next day when A. Recknagle, a grocer, found chisel marks on his back door also. Leaving the month of August and moving towards September 15 and past the disappearance of the Axemen for a while, were noticed more attempts of cutting through the door of Paul Durel’s house (Smith). Notice how these attempts all happened to grocers. Leaving the police questioning, the Axeman left the city for a while and no further crimes were reported until the year 1919. The day came in 1919 when the killer’s worst crime occurred. On March 10, across the river from New Orleans, Mrs. Charles Cortimiglia, a grocer’s wife, repeatedly denied the gruesome attack of her husband by a large man in dark clothing with an axe. The husband died and fell to the floor, and the wife was next on the list with her baby. While she asked and begged for mercy, the Axeman came down with the deadly weapon and killing the infant and leaving the mother with a fractured skull (Taylor). Notice the man who died was a grocer, maybe not Italian but the fact still connects with the other murders. Giving up, the police began thinking the impossible and saying that the Axeman really was not a man, but possibly a midget, with a better chance of falling through the cuttings of the doors. The police had to keep in mind what the victims saw, a â€Å"large man in a black suit. † Grasping for hope, the New Orleans Times-Picayune newspaper received an unexpected letter from the unknown Axeman, which was a huge piece of evidence. Summing up what the letter read, the Axeman declared he was invisible and no one would ever catch him. He alone knew who the victims were and he would leave no evidence except his bloody axe that would send people below to keep him company. He declared the police were stupid, but then again stated they were wise and knew how to keep him away from all harm. He said he is the worst murderer ever, but he could be much worse. Then what surprises them all is he blatantly says at 12:15 on next Tuesday night, he is going to pass over New Orleans and in his infinite mercy he is going to make a little proposition to the people, and here it is: â€Å"I am very fond of jazz music and I swear by all devils in the nether regions that every person shall be spared in whose home a jazz band is in full swing at the time I have just mentioned. If everyone has a jazz band going, well, then, so much the better for you people. People who do not jazz it up on Tuesday night will get the axe. † He leaves the letter signed as The Axeman (Wright). The people of New Orleans tried their best to follow what was asked but could not manage to arrive at peace with the Axeman. The people jammed with revelers, friends and family gathered to sing, and they did their best to â€Å"jazz it up,† which was suggested. The axe attack of Sarah Laumann made the people return home into safe hiding. What was different about this crime scene and what separated it out from others, was the fact of how the killer got in. He did not do his normal routine; instead he attempted to go through the window (Taylor). Riot in the city was now beginning to occur because Sarah was not a grocer or an Italian, leaving the gates open for everyone to be attacked, throwing the police off kilter. However, the next crime put them back on track. Another survivor, Steve Boca, trembled to walk with axe wounds. He managed to make it to his friend’s house who called for help, and did his best to help treat the wounds. Police found the normal signs of the Axeman, the chiseled door and bloody axe on the floor. Nearly a year later on September 2, a local man fired his gun at an attacker who broke into his house, but of course he escaped. Making his last impression on everybody, The Axeman had one more victim on his list to keep him company. Mike Pepitone was butchered as a grocer, in his bed at night. The room next to his, holding his six children and wife, was not touched. Noticing the relationship between the first and last murder, both were butchered and grocers. His coming and going was done and New Orleans, still frightened, in their shoes slowly started to calm down. Even though the police still have this case labeled as unsolved, the reason may as well be because that generation has all passed and they are now dealing with today’s issues and keeping everyone else safe. Just because the police have not come to a conclusion does not mean other people do not have one. A possible conclusion came to mind, that the guilty party is Joseph Mumfre. Though he is not referenced in the evidence, Esther Albano, who was the widow of the Axeman’s latest victim, later killed him. As the investigation was being made, certain things about Mumfre stood out, to making him the possible murder Mumfre was once the leader in a jazz band, which was one of the Axeman’s suggestions to keep him away. Another aspect of the band was they seemed to have preyed on the Italians, and half of the Axeman’s murders were Italian (Taylor). This unsolved case soon became old news and people moved on and unpleasantly found peace with the Axeman, who disappeared to the coast.

Ultra Music Festival 2013 Miami Essay Example | Topics and Well Written Essays - 1000 words

Ultra Music Festival 2013 Miami - Essay Example Owing to the enormous rise in turnout between 1999 as well as 2000, fiesta coordinators settled to move to Bay front Park within the Suburbs Miami for the 3rd annual event. Ultra Music Festival has continued to present the leading names within electronic dance music in downtown Miami with shows by Tià «sto, Paul van Dyk, EC Twins, Paul Oakenfold, Photek, Josh Wink, as well as Rabbit in the Moon between 2001 and 2005. Through the record-breaking turnout of the 7th annual Ultra Music Festival in 2005, the carnival was again moved to a small venue, Bicentennial Park, in 2006. During 2007, just as Winter Music Conference was in progress, Ultra Music Festival organized its first two-day affair at ‘Bicentennial Park’ by a record-breaking of 50,000 plus concert goers at hand. Ultra Music Festival commemorated its 10th bicentenary March 28 to 29 in 2008 with shows by Tià «sto, Justice, Underworld, Paul van Dyk, Armin van Buuren, Carl Cox, Annie Mac, dead mau5, Eric Prydz, Calv in Harris, Ferry Corsten, Moby, Boys Noize, The Crystal Method, Benny Benassi, Duck Sauce, Armand van Helden,Enur, Rabbit in the Moon, and Jackal & Hyde.With projected turnout over seventy thousand, the Fiesta set a novel Miami city record for total number of coupons vended at a solo event. The eleventh annual Ultra Music Festival ensued on March 27–28, in 2009; the listing encompassing more crossover acts as well as live bands such as The Prodigy, The Black Eyed Peas, The Ting Tings, Crystal Castles, Santigold, Perry Farrell and The Whip.... e Crystal Method, Benny Benassi, Duck Sauce, Armand van Helden, David Guetta, Pete Tong,Jes, Enur, Rabbit in the Moon, and Jackal & Hyde(Johnson, par 6). With projected turnout over seventy thousand, the fiesta set a novel Miami city record for total number of coupons vended at a solo event. The eleventh annual Ultra Music Festival ensued on March 27–28, in 2009; the listing encompassing more crossover acts as well as live bands such as The Prodigy, The Black Eyed Peas, The Ting Tings, Crystal Castles, Santigold, Perry Farrell and The Whip. The twelfth annual Ultra Music Festival was held March 26–27 in 2010, with starring performances once more by dead mau5 and Tiesto, and performances by Orbital, Above & Beyond, Sasha & Digweed, Little Boots, Bloody Beetroots, and David Guetta. Each platform was complemented with graphic arts presented by VJs Cozer, Psyberpixie and Vello Virkhaus. The festival vended out for the very first instant with above 100,000 attendees in which it was declared that the thirteenth annual affair would happen throughout 3 days in March of 2011(Johnson, par 3). Ultra Music Festival for 2013 The fifteenth Ultra Music Festival took place over weekends of March 15-17, as well as March 22-24. Both weekends overlapped with the commencement and culmination of the Winter Music Conference and the Miami Music Week. The festival’s phase one lineup was formally revealed on January 2013, authenticating appearances by deadmau5, Tiesto, and David Guettaat both weekends, together with Swedish House Mafia, who utilized the festival finale on Weekend two to function as the culmination of their parting tour "One Last Tour". Additionally, Pretty Lights would as well perform on the festival supplemented by bass beat VJ Futtize (Johnson, par 4). On 7th January,

Land law Essay Example | Topics and Well Written Essays - 1750 words

Land law - Essay Example 15,000 for the purpose of them being a home together and Mr Winston used this sum to purchase the property along with a mortgage in his sole name. There doesn’t appear to be any express valid trust regarding Miss Kaur’s contribution however Miss will most likely have a proprietary right in equity under resulting trust3. Resulting trusts usually involve contribution to the initial cost of the family home, which is registered solely in the name of another person4. Equity does not presume an outright gift, but rather a presumption that the contributing party intended to retain a beneficial interest in the property5 (despite no evidence of actual intention). Whilst this approach has been criticised theoretically as the imposition of an â€Å"artificial presumption6†, it is arguably a necessary approach to protect third party interests7. On this basis, Miss Kaur may be able to claim an equitable interest in the Property under resulting trust and on this basis Mr Winst on will have held the Property as sole trustee with there being two co-owners in equity8. As the Property was held in trust and there is only one trustee of the land and two co-owners, Ms Winston will not be able to rely on the doctrine of overreaching to negate Miss Kaur’s interest9. Moreover, as Miss Kaur has an equitable interest on grounds of resulting trust, Section 3310 of the LRA provides that trusts are not registerable as notices on the register and therefore Miss Kaur’s interest will not have been registered. Furthermore, the effect of Section 26 of the LRA is that purchasers are entitled to proceed, in the absence of such an entry on the register on the basis that there are no limitations on the owner’s powers11. As Miss Kaur has an equitable interest in the Property under the trust, her interest will only be binding on third parties if it constitutes an overriding interest12. Schedule 3, paragraph 2 of the LRA protects overriding interests of those w ith rights to the property that are in actual occupation13. However, in the current scenario, Miss Kaur was away for over a year and did not live in the property. Accordingly, Miss Kaur will not be able to establish an overriding interest by virtue of actual occupation. Therefore, on this basis Ms Winston will hold the Property on trust for Miss Kaur and any proceeds of any potential sale will be held on trust for Miss Kaur in proportion to her contributing share to the purchase price14. 3: Miss Thomas With regard to Miss Thomas, she did not contribute to the purchase price however she undertook significant renovations and modernisation to the kitchen and gave up her local housing authority home to live in the Property on the basis of Mr Winston’s representations. Therefore, Miss Thomas may have an equitable proprietary interest under common intention constructive trust15. The leading case of Lloyds Bank plc v Rosset16 highlighted the essential requirements for the imposition of a constructive trust asserting its foundation in the common intention of the parties to share the properties. Lord Bridge further asserted in this case that intention could be express or inferred from conduct17. Furthermore, Lord Bridge in highlighting the reasoning in Gissing v Gissing18 asserted the concept of

Launching New Ventures Dissertation Example | Topics and Well Written Essays - 3250 words - 1

Launching New Ventures - Dissertation Example In order to identify and develop a business opportunity, it is necessary to follow certain processes. These processes are analytically described below. At a first level, it is necessary to choose the approach on which the processes will be based. The effectual approach of decision-making has been chosen under the terms that the future conditions of the market involved cannot be precisely defined in advance – taking into consideration the strong market turbulence because of the global recession. Each of the phases of the processes is justified using relevant literature; additional literature is analytically presented in a separate section. 2.1 Effectual approach The effectual approach of the decision-making process is based on the proposition that since certain elements of the future are known, there are measures that can be taken for controlling it, even if its precise characteristics are not known. In the terms of the business environment, the above approach means that the future performance of business plans can be guaranteed – at an important level - by taking measures which are appropriate in terms of the common market conditions. The above approach is not based on the perspective that the exact future conditions of the market can be known, a perspective accepted in the causal approach of decision making. For this reason, the effectual approach has been chosen as most appropriate for checking a business opportunity, since this approach has the following benefits: a) it does not require accurate decisions but just effective plans; emphasis is given on the construction of the business projects and not on the development of a series of decisions; this fact can help to save time in realizing the projects, b) it does not require precise goals or stable market environment; this fact is an advantage of the effectual approach taking into consideration the turbulence in the global market, c) it does not require extensive market research, a fact that could also save time/ resources in the completion of the business project involved(Doke et al. 2007).

Social class in America Essay Example | Topics and Well Written Essays - 750 words - 1

Social class in America - Essay Example Today, anyone can join the upper class by making tons of money and they can rise from obscurity to being members of the upper class by virtue of their wealth and hard work. It is worth noting that in the past and even in some traditional societies today, one could not get entrance into the upper class unless they are of noble birth or born in a traditionally wealthy family even if one is not wealthy. In fact, in the old days the aristocrats who were often the ruling class considered it disgraceful to work and left all the working to the working class who were oppressed and often forced to squat in lands of the nobility. However, this changed with time and today, moving from middle to upper class is easy if one was to achieve considerable wealth, which will result in a higher social standing. Notwithstanding, there are a few American families that are informally considered elevated because of their histories such as the Kennedys who have been often called the American royal family. However, even such informal recognition cannot be separated from the wealthy they own and at the end of the day; money counts more than a highbrow history. In line with the definition, the upper class are considered thus because of the way society views them and this make them feel superior owing to their financial power they wield. Immediately below the upper class there is the middle class, they consist of majority of the Americans working white-collar jobs who make up the bulk of the population. In addition, they are considered subordinate to the upper class, chiefly because of their comparatively lower financial situat ion. In addition, the American middle class consist of professionals such as doctors, teachers and dentist and other professionals; this class also includes many of Americans with small business and those working in offices as accountants, clerks and civil servants. For instance, Bill Gates is a member of the upper class while many of those working for him in Microsoft, in different capacities such as programmers and accountants, are mostly in the middle class. This distinction is generally based on the economic prowess although the rift between him and his employees is of near unbelievable proportions. Being the most populous middle class is inevitably the most influential, as such even in politics; they are the main voters, which explain why the two presidential candidates are both going out of their ways to show that they have their interests at heart. However, it is noteworthy that the upper class has the ultimate say, since they are the ones who bankroll contestants, as such th ey can influence a candidate campaigning power by supplying them with more funds. Therefore, they will have indirect control of the middle class who as usual will be manipulated into thinking they are making decisions. Finally, the class holding the lowest social position in is lower class, which was traditionally known as the working class, however, the work done by this class often includes menial jobs such as cleaners and other lowly paid blue collar workers. Furthermore, due to recent economic troubles, unemployment has forced many Americans formerly middle class to end up in this class so their description as working class is not entirely correct. This class includes the homeless and many others living below the poverty line often dependent on welfare. In this class, one will also find illegal immigrants who

Emirates Customer service management Essay Example | Topics and Well Written Essays - 500 words

Emirates Customer service management - Essay Example KIS uses the company database to understand their customers through the records of their previous travels. KIS enables the cabin to know the seating preference and wine. The information is also used by the company to segment and target thus enhancing focusing and personalization of the services given to customers. The Business Rewards and Emirates Skyward and are some of the loyalty programs that Emirates Airlines has on offer. These loyalty programs are integral for repeat sales as they create lock-in systems as customers prefer to get stuck with airlines that promise rewards. The contact centers of the Emirates Airline also remain one of the integral points of expressing their heartfelt concern for the wellness of their customers. The contact centers of the airline have received great reviews from plaudits due to their flawless response to bookings, baggage claims, and complain (Ahamad 4-5) The customer service of Emirates airline is focused on creating value and delivering satisfaction to their customers (Squalli 139). The company has managed to achieve these objectives through focusing and personalizing the services they offer customers. Engraved in the company’s overall strategy is their deep concern for their esteemed customers. The company has installed a work culture that gives the workers the sense of urgency while dealing with the customers. The workforce of Emirates Airline boosts an impressive 50,000 dedicated employees. The company has devised a comprehensive plan of ensuring that their customer service targets synchronize with the training of their workforce (O’Connell 10). According to the Executive Vice Chairman of the airline, Maurice Flanagan, the company selects the best workforce and gives them avenues to increase knowledge and skill. ` The company has used International Computer Driving License (ICDL)

Launching New Ventures Dissertation Example | Topics and Well Written Essays - 3250 words - 1

Launching New Ventures - Dissertation Example In order to identify and develop a business opportunity, it is necessary to follow certain processes. These processes are analytically described below. At a first level, it is necessary to choose the approach on which the processes will be based. The effectual approach of decision-making has been chosen under the terms that the future conditions of the market involved cannot be precisely defined in advance – taking into consideration the strong market turbulence because of the global recession. Each of the phases of the processes is justified using relevant literature; additional literature is analytically presented in a separate section. 2.1 Effectual approach The effectual approach of the decision-making process is based on the proposition that since certain elements of the future are known, there are measures that can be taken for controlling it, even if its precise characteristics are not known. In the terms of the business environment, the above approach means that the future performance of business plans can be guaranteed – at an important level - by taking measures which are appropriate in terms of the common market conditions. The above approach is not based on the perspective that the exact future conditions of the market can be known, a perspective accepted in the causal approach of decision making. For this reason, the effectual approach has been chosen as most appropriate for checking a business opportunity, since this approach has the following benefits: a) it does not require accurate decisions but just effective plans; emphasis is given on the construction of the business projects and not on the development of a series of decisions; this fact can help to save time in realizing the projects, b) it does not require precise goals or stable market environment; this fact is an advantage of the effectual approach taking into consideration the turbulence in the global market, c) it does not require extensive market research, a fact that could also save time/ resources in the completion of the business project involved(Doke et al. 2007).

Emirates Customer service management Essay Example | Topics and Well Written Essays - 500 words

Emirates Customer service management - Essay Example KIS uses the company database to understand their customers through the records of their previous travels. KIS enables the cabin to know the seating preference and wine. The information is also used by the company to segment and target thus enhancing focusing and personalization of the services given to customers. The Business Rewards and Emirates Skyward and are some of the loyalty programs that Emirates Airlines has on offer. These loyalty programs are integral for repeat sales as they create lock-in systems as customers prefer to get stuck with airlines that promise rewards. The contact centers of the Emirates Airline also remain one of the integral points of expressing their heartfelt concern for the wellness of their customers. The contact centers of the airline have received great reviews from plaudits due to their flawless response to bookings, baggage claims, and complain (Ahamad 4-5) The customer service of Emirates airline is focused on creating value and delivering satisfaction to their customers (Squalli 139). The company has managed to achieve these objectives through focusing and personalizing the services they offer customers. Engraved in the company’s overall strategy is their deep concern for their esteemed customers. The company has installed a work culture that gives the workers the sense of urgency while dealing with the customers. The workforce of Emirates Airline boosts an impressive 50,000 dedicated employees. The company has devised a comprehensive plan of ensuring that their customer service targets synchronize with the training of their workforce (O’Connell 10). According to the Executive Vice Chairman of the airline, Maurice Flanagan, the company selects the best workforce and gives them avenues to increase knowledge and skill. ` The company has used International Computer Driving License (ICDL)

John Dewey Essay Example for Free

John Dewey Essay Synopsis John Dewey was born October 20, 1859, in Burlington, Vermont. He taught at universities from 1884 to 1930. An academic philosopher and proponent of educational reform, in 1894 Dewey started an experimental elementary school. In 1919 he cofounded The New School for Social Research. Dewey published over 1,000 pieces of writings during his lifetime. He died June 1, 1952, in New York, New York Early Life John Dewey was born on October 20, 1859, to Archibald Dewey and Lucina Artemisia Rich in Burlington, Vermont. He was the third of the couple’s four sons, one of whom died as an infant. Dewey’s mother, the daughter of a wealthy farmer, was a devout Calvinist. His father, a merchant, left his grocery business to become a Union Army soldier in the Civil War. John Dewey’s father was known to share his passion for British literature with his offspring. After the war, Archibald became the proprietor of a successful tobacco shop, affording the family a comfortable life and financial stability. Teaching Career The autumn after Dewey graduated, his cousin landed him a teaching job at a seminary in Oil City, Pennsylvania. Two years later, Dewey lost the position when his cousin resigned as principal of the seminary. After being laid off, Dewey went back to Vermont and started teaching at a private school in Vermont. During his free time, he read philosophical treatises and discussed them with his former teacher, Torrey. As his fascination with the topic grew, Dewey decided to take a break from teaching in order to study philosophy and psychology at Johns Hopkins. George Sylvester Morris and G. Stanley Hall were among the teachers there who influenced Dewey most. Upon receiving his doctorate from Johns Hopkins in 1884, Dewey was hired as an assistant professor at the University of Michigan. At Michigan he met Harriet Alice Chipman, and the two married in 1886. Over the course of their marriage, they would give birth to six children and adopt one child. Philosophy Dewey’s philosophical treatises were at first inspired by his reading of philosopher and psychologist William James’ writing. Dewey’s philosophy, known as experimentalism, or instrumentalism, largely centered on human experience. Rejecting the more rigid ideas of Transcendentalism to which Dewey had been exposed in academia, it viewed ideas as tools for experimenting, with the goal of improving the human experience. Dewey’s philosophy also claimed than man behaved out of habit and that change often led to unexpected outcomes. As man struggled to understand the results of change, he was forced to think creatively in order to resume control of his shifting environment. For Dewey, thought was the means through which man came to understand and connect with the world around him. A universal education was the key to teaching people how to abandon their habits and think creatively. Education Reform John Dewey was a strong proponent for progressive educational reform. He believed that education should be based on the principle of learning through doing. In 1894 Dewey and his wife Harriet started their own experimental primary school, the University Elementary School, at the University of Chicago. His goal was to test his educational theories, but Dewey resigned when the university president fired Harriet. Writing Dewey wrote his first two books, Psychology (1887) and Leibniz’s New Essays Concerning the Human Understanding (1888), when he was working at the University of Michigan. Over the course of his lifetime, Dewey published more than 1,000 works, including essays, articles and books. His writing covered a broad range of topics: psychology, philosophy, educational theory, culture, religion and politics. Through his articles in The New Republic, he established himself as one of the most highly regarded social commentators of his day. Dewey continued to write prolifically up until his death. Later Life and Death In 1946, Dewey, then 87, remarried to a widow named Roberta Grant. Following their marriage, the Deweys lived off of Roberta’s inheritance and John’s book royalties. On June 1, 1952, John Dewey, a lifelong supporter of educational reform and defender of rights for everyman, died of pneumonia at the age of 92 in the couple’s New York City apartment.

Geohydrology and Structure: Groundwater Resource Estimation

Geohydrology and Structure: Groundwater Resource Estimation SYNOPSIS The past few decades have witnessed an ever increasing demand for groundwater and its scarcity related problems, particularly in semi-arid hard rock terrains, are well known and draw attention of many geoscientists. Deccan Volcanic Province (DVP) comprises a sequence of basaltic lava flows of Cretaceous to Eocene age which are covering an estimated areal extent of 5,00,000 Km2 in west central part of Peninsular India. Groundwater potential of the basaltic aquifers (considered to be ‘multiple aquifer systems’ due to the flow characteristics) constituting DVP is highly variable and inconsistent due to the heterogeneity and anisotropy in the aquifer characteristics (Deolankar, 1980; Duraiswami, 2008; Duraiswami et al., 2012). Presence of basic dykes in such an environment makes the hydrologic characteristics of the basaltic aquifers more complex. There exists a characteristic pattern in the distribution of the dykes and distribution of simple and compound lava flows in DVP (Deshmukh and Sehgal, 1988; Ju et al., 2013; Ray et al., 2007; Vanderkluysen et al., 2011). A wide variation in the climate, physiography and rainfall is also an important aspect while estimating the groundwater potentiality of the DVP area. An attempt is made to study the effect of the dyke intrusions on hydrogeology of Nandurbar area, which is located near the Narmada Tapi Rift zone. Approximately 640 Km2 in Nandurbar district (primarily a tribal district in Maharashtra state) around Nandurbar city was considered for detailed study. A detailed study was carried out to estimate the groundwater resources, keeping in mind the marked growth in agricultural activities and human population over the last decade in the study area and its proximity to Narmada Tapi rift zone and presence of dyke intrusions . The area under study is located around the city between East Longitude 74 ° 05’ 00† to 74 ° 25’ 00† and North Latitude 21 ° 15’ 00† to 21 ° 25’ 00† and included within the Survey of India topographical map numbers 46 K/3 and 46 K/7. The main objectives of the present work are: To describe the general trend, and structure of the lineaments (fractures and dykes) using field evidences, topographical maps and satellite imageries. To understand the effect of dykes and fractures on the permeability and porosity of rocks in the study area depending on their distribution, orientation and density. Analysis and integration of remote sensing and ground based hydrogeological data through Geographic Information System (GIS) to prepare groundwater potential zonation map for the study area. To analyze the water samples covering the entire area to understand the groundwater quality and its related problems. Evaluation of the groundwater potential zones and resource estimation in relation to the structures (mainly dykes) in the area together with the quality zonation mapping would be useful for strategic planning and management of groundwater resources in the DVP. The study was carried out with the help of six components: Input from remote sensing data Topographic maps Data collected from field visits Groundwater quality analysis. Preparation of thematic maps Integration and analysis of the results in a GIS platform. As this area is intruded by dyke swarms, identification of lineaments and preparation of the thematic maps were carried out using topographical maps, satellite imageries and field data. Field work included water level measurement, litho-log preparation, collection of water from wells for quality analysis, well inventory etc. The geological and geomorphological maps were prepared and cross checked during field works and final maps were prepared with necessary modifications. Compilation of the observation from well data, rainfall data and the previous records collected from GSDA and CGWB were carried out to know the long term trend of the groundwater conditions. Laboratory analysis of the water samples and the petrographic studies of the rock samples reveal the quality and geological aspects. Geology, geomorphology and the hydrogeological characteristics of the rocks have considerable effect on controlling the occurrence and movement of groundwater. Geological investigation of the area reveals that the area is mainly constituted by simple and compound basaltic flows. Quaternary alluvial deposits of moderate thickness are located in the north eastern part of the study area. Dykes’ being the major structural features present in the area stands out as prominent ridges due to the resistance to weathering and are mainly trending in the ENE-WSW directions. Dykes are of basaltic to doleritic composition and are of varying length, mainly exposed in the central and southern part of the study area. Landforms are classified mainly into structural, denudational and fluvial origin. Dykes being the major structural features in the study area, are studied in detail and analysis of their orientation, thickness, length and density were carried out. Slope, slope aspect, digital elevation model, curvature and topographic wetness index parameters were used to generate results to understand the relationship between the geomorphology and hydrogeology, which is indicating towards a greater control of dykes on hydrogeological setup of the area. Tributaries of Tapi River drain the study area and follow the regional slope from South to North and which intersects dykes at many locations. This structural relation is of great importance and it reveals a significant control of dykes on groundwater occurrence and movement. Drainage textural analysis is used to analyze their control on permeability characteristics of the terrain and also to demarcate the potential recharge zones. Hypsometric analysi s of the watersheds constituting the study area helped to understand the erosional susceptibility of different watersheds and their stages of evolution. The role of lineaments can be of great importance while carrying out hydrogeological investigation of an area. Due to varying aquifer characteristics basaltic flows in the study area shows wide variation in the occurrence and movement of groundwater. Observation wells were monitored for the spatial and temporal variation in water levels and quality. Input from eighty eight (88) observation wells were used to generate various hydrogeological maps and to analyze the hydrogeological setup of the area. Analytical results indicate the occurrence of three different types of aquifers namely, basaltic, alluvial and dyke aquifers. Wells tapping the dyke aquifers or which are located near the dykes observed to be more productive compare to the rest, indicating the significant influence of the dykes. Dykes also show unique joint pattern and can be correlated with their lithology; i.e. doleritic (characterized by moderately to largely spaced joints) and basaltic (closely spaced joints). Evaluation of the groundwater flow direction and hydraulic gradient results of the study area shows a close correlation with the lineaments. Lineaments which are parallel to the hydraulic gradient located in the south eastern part of the study area have little influence on groundwater movement. However lineaments located perpendicular to the hydraulic gradient has considerable effect on the occurrence and movement of groundwater. Such dykes in the study area can also used as artificial recharge structures, which in turn could promote the recharge of groundwater. Time series analysis of four observation well data of past twenty years were analyzed to understand the rising and falling trend of water levels in the study area. The chemical qualities of the groundwater sample collected during two seasons were analyzed from th state level water testing laboratory of Tamil Nadu Water supply and Drainage (TWAD) Board at Chennai. Analysis of the results shows that groundwater chemistry is controlled mainly by the climatic and rock water interaction and there exists a spatial and temporal variation in groundwater quality. The cationic values in groundwater show increasing trend from higher elevations to lower elevations indicating the control of basaltic rock lithology. Nitrate, sulphate and chloride concentration in groundwater is mainly indicative of the anthropogenic factors. Analysis based on drinking water standards (BIS, 2012) indicates the degradation of groundwater quality in this area due to nitrate contaminations and groundwater hardness. Nitrate levels exceeding the desirable limits were observed in major part of the study area can be correlated with the increased agricultural activities and other ant hropogenic factors. Thematic maps based on various chemical parameters were generated to understand the spatial and temporal variation in the groundwater chemistry. Suitability of groundwater for irrigation was verified using United States Salinity Laboratory’s(USSL) graphic classification, Sodium Adsorption Ratio (SAR), Sodium percentage, Conductivity (Todd, 2003) and Kelly’s Ratio(Kelly, 1957). Analysis helped to delineate areas exceeding the permissible limits and such areas needs proper care and management while selecting the crops and suitable method of irrigation. Dykes which stand out as ridges were also noted by characteristic joint pattern. Nature of boulders present on the dyke surfaces were used to analyze the joint pattern of the dykes using high resolution satellite imagery and field evidences. This approach found to be useful in delineating the carrier and barrier stretches of dykes in the groundwater exploration stage and shows significant correlation with their water bearing characteristics. Topographic lows in the dykes proven to be of significant importance in groundwater development. Data acquired through remote sensing of the study area was also used to generate different thematic maps. Thematic maps generated and validated through field work ( i.e, Lineament map, dyke density map, geomorphological map, drainage density, Land Use/ Land Cover map etc.), were integrated using multi criteria analyses in GIS platform to delineate the groundwater potential zones. Integration of water quality maps generated for different parameters bas ed on groundwater chemistry were used to prepare groundwater quality zonation map and has been used to delineate the spatial and temporal variations of groundwater in the study area. Results obtained from this analyzes can be used effectively while planning and managing the groundwater resources of similar areas globally. References BIS, 2012. Indian Standard Drinking Water -Specification ( Second Revision). Bureau of Indian Standards (BIS), IS 10500, New Delhi. Deolankar, S.B., 1980. The Deccan Basalts of Maharashtra, India- Their Potential as Aquifers. Ground Water 18, 434–437. Deshmukh, S.S., Sehgal, M.N., 1988. Mafic dyke swarms in Deccan Volcanic Province of Madhya Pradesh and Maharashtra, in: Subbarao, K. V (Ed.), Deccan Flood Basalts. Memoir of the Geological Society of India, v.10, pp. 323–340. Duraiswami, R.A., 2008. Changing geohydrological scenario in the hard- rock terrain of Maharashtra: Issues, Concerns and way forward, in: Das, S. (Ed.), Changing Geohydrological Scenario, Hardrock Terrain of Peninsular India. Golden Jubily Volume. 69, Geological Society of India, Bangalore, pp. 86–121. Duraiswami, R.A., Das, S., Shaikh, T.N., 2012. Hydrogeological framework of aquifers in the Deccan Traps, India: Some Insights, in: Pawar, N.J., Das, S., Duraiswami, R.A. (Eds.), Hydrogeology of Deccan Traps and Associated Formations in Peninsular India. Memoir. 80, Geological Society of India, Bangalore, pp. 1–15. Ju, W., Hou, G., Hari, K.R., 2013. Mechanics of mafic dyke swarms in the Deccan Large Igneous Province: Palaeostress field modelling. J. Geodyn. 66, 79–91. doi:10.1016/j.jog.2013.02.002 Kelly, W.P., 1957. Adsorbsed sodium cation exchange capacity and percentage sodium sorption in alkali soils. Science (80-. ). 84, 473–477. Ray, R., Sheth, H.C., Mallik, J., 2007. Structure and emplacement of the Nandurbar – Dhule mafic dyke swarm , Deccan Traps , and the tectonomagmatic evolution of flood basalts. Bull. Volcanol. 69, 537–551. doi:10.1007/s00445-006-0089-y Todd, D.K., 2003. Groundwater Hydrology, 2nd ed. John Wiley Sons (Asia) Pte. Ltd. Vanderkluysen, L., Mahoney, J.J., Hooper, P.R., Sheth, H.C., Ray, R., 2011. The Feeder System of the Deccan Traps (India): Insights from Dike Geochemistry. J. Petrol. 52, 315–343. doi:10.1093/petrology/egq082

A Review of The Winters Tale by William Shakespeare :: Papers

A Review of The Winter's Tale by William Shakespeare Before I actually saw The Winter's Tale, I was apprehensive about whether I would be able to follow the play or whether I would be confused, as it would be using the Shakespearian language. I also wondered whether and how the Sixth Form and the director had developed the play to try and involve the audience more, as there was a language barrier. The play was going to be performed by the Sixth Form in the school hall, so this gave me a feeling that it would not be a very effective performance as it was performed by amateurs. Also, the fact that it was performed by the Sixth Form meant that I knew some of the actors, so it would be more difficult for me to see those people as the characters they played. While waiting outside for the performance to begin, a 'newspaper boy' came around offering Newspapers saying 'Read all about it, read all about it'. He was in Victorian time costume, which gave me the impression that this performance would be very old-fashioned and, in some ways, not as easy to follow because of this. The fact that he was in costume also made me feel as if we, the audience, were part of the play, and more involved, because we were interacting with a character from the play. The newspaper that the newsboy gave out was also a very effective thing to bridge the language barrier between the characters and us as it gave a basic introduction to what the play was about. According to the newspaper given to us, the play itself had two main plots and a side plot. One plot was set in Sicilia and told of how the Queen had died because of accusations from the King of her having an affair with his old friend the King of Bohemia and how Mamillius, their son, had also died after the King had chosen to ignore the oracle sent from Apollo to say that the Queen was not guilty.

Diabetes Mellitus Essay -- essays research papers

Diabetes Mellitus Is a multisystem disease related to abnormal insulin production, impaired insulin utilization, or both. Diabetes Mellitus is a serious health problem throughout the world. It is the 5th leading cause of death in the U.S. It is the leading cause of heart disease, stroke, adult blindness, and nontraumatic lower limb amputations. Etiology and Pathophysiology Current theories link the cause of diabetes, singly or in combination, to genetic, autoimmune, viral, and environmental factors (obesity, stress). Regardless of its cause, diabetes is primarily a disorder of glucose metabolism related to absent or insufficient insulin supplies and/or poor utilization of the insulin that is available. The two most common types of diabetes are classified as type I or type II diabetes mellitus. Gestational diabetes and secondary diabetes are other classifications of diabetes commonly seen in clinical practice Normal Insulin Metabolism Insulin is a hormone produced by the B cells in the islets of Langerhans of the pancreas. Under normal conditions, insulin is continuously released into the bloodstream in small pulsatile increments (a basal rate), with increased release (bolus) when food is ingested. The activity of released insulin lowers blood glucose and facilitates a stable, normal glucose range of approximately 70 to 120 mg/dl. The average amount of insulin secreted daily by and adult is approx. 40 to 50 U, or 0.6 U/kg of body weight. Other hormones (glucagons, epinephrine, growth hormone, and cortisol) work to oppose the effects of insulin and are often referred to as counterregulatory hormones. These hormones work to increase blood glucose levels by stimulating glucose production and output by the liver and by decreasing the movement of glucose into the cells. Insulin and the these counterregulatory hormones provide a sustained but regulated release of glucose for energy during food intake and periods of fasting and usually maintain blood glucose levels within the normal range. An abnormal production of any or all of these hormones may be present in diabetes. Insulin is released from the pancreatic B cells as its precursor, proinsulin, and is then routed through the liver. Proinsulin is composed of two polypeptide chains, chain A and chain B, which are linked by the C-peptide chain. The presence of C peptide in serum and urine is a useful indic... ...d at bedtime). Pancreas Transplantation Is used as a tx option for patients with type I diabetes mellitus who have end-stage renal disease and who have had or plan to have a kidney transplant. Kidney and pancreas transplants are often done together. If renal failure is not present, the ADA recommends that pancreas transplantation should only be considered for patients who exhibit the following three criteria: *A history of frequent, acute, and severe metabolic complications (hypoglycemia, hyperglycemia, ketoacidosis) requiring medical attention *Clinical and emotional problems with exogenous insulin therapy that are so severe as to be incapacitating *Consistent failure of insulin-based management to prevent acute complications Successful pancreas transplantation can improve the quality of life of people with diabetes, primarily by eliminating the need for exogenous insulin, frequent daily blood glucose measurements and many of the dietary restrictions imposed by the disorder. Pts who undergo pancreas transplantation require immunosuppression to prevent rejection of the graft and potential recurrence of the autoimmune process that might again destroy pancreatic islet cells.

Regional Trends in Fdi

REGIONAL TRENDS IN FDI CHAPTER II Salient features of 2011 FDI trends by region include the following: †¢ Sub-Saharan Africa drew FDI not only to its natural resources, but also to its emerging consumer markets as the growth outlook remained positive. Political uncertainty in North Africa deterred investment in that region. †¢ FDI inflows reached new record levels in both East Asia and South-East Asia, while the latter is catching up with the former through higher FDI growth. FDI inflows to South Asia turned around as a result of higher inflows to India, the dominant FDI recipient in the region. †¢ Regional and global crises still weigh on FDI in West Asia, and prospects remain unclear. †¢ South America was the main driver of FDI growth in Latin America and the Caribbean. The pattern of investment by traditional investors – Europe and the United States – is changing, while there has been an advance in FDI from developing countries and Japan.A recent shift towards industrial policy in major countries may lead to investment flows to targeted industries. †¢ FDI flows to economies in transition recovered strongly. They are expected to grow further, partly because of the accession of the Russian Federation to the World Trade Organization (WTO). †¢ The search for energy and mineral resources resulted in cross-border megadeals in developed countries, but the eurozone crisis and a generally weak outlook still cloud investor sentiment. FDI inflows to the structurally weak, vulnerable and small economies were mixed. While FDI to landlocked developing countries (LLDCs) grew strongly, inflows to least developed countries (LDCs) and small island developing States (SIDS) continued to fall. 38 World Investment Report 2012: Towards a New Generation of Investment Policies INTRODUCTION In 2011, FDI inflows increased in all major economic groups ? developed, developing and transition economies (table II. 1).Developing countries accounte d for 45 per cent of global FDI inflows in 2011. The increase was driven by East and SouthEast Asia and Latin America. East and South-East Asia still accounted for almost half of FDI in developing economies. Inflows to the transition economies of South-East Europe, the Commonwealth of Independent States (CIS) and Georgia accounted for another 6 per cent of the global total. The rise in FDI outflows was driven mainly by the growth of FDI from developed countries.The growth in outflows from developing economies seen in the past several years appeared to lose some momentum in 2011 because of significant declines in flows from Latin America and the Caribbean and a slowdown in the growth of investments from developing Asia (excluding West Asia). FDI inflows to the structurally weak, vulnerable and small economies bounced back from $42. 2 billion in 2010 to $46. 7 billion in 2011, owing to the strong growth in FDI to LLDCs (table II. 1). However, the improvement in their share was hardly visible, as FDI inflows to both LDCs and SIDS continued to fall.Table II. 1. FDI flows, by region, 2009–2011 (Billions of dollars and per cent) Region World Developed economies Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies Structurally weak, vulnerable and small economiesa LDCs LLDCs SIDS Memorandum: percentage share in world FDI flows Developed economies Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies Structurally weak, vulnerable and small economiesa LDCs LLDCs SIDS 2009 1 197. 606. 2 519. 2 52. 6 206. 6 42. 4 66. 3 149. 4 72. 4 45. 2 18. 3 28. 0 4. 4 50. 6 43. 3 4. 4 17. 2 3. 5 5. 5 12. 5 6. 0 3. 8 1. 5 2. 3 0. 4 FDI inflows 2010 1 309. 0 618. 6 616. 7 43. 1 294. 1 31. 7 58. 2 187. 4 73. 8 42. 2 16. 9 28. 2 4. 2 47. 3 47. 1 3. 3 22. 5 2. 4 4. 4 14. 3 5. 6 3. 2 1. 3 2. 2 0. 3 2011 1 524. 4 747. 9 684. 4 42. 7 335. 5 38. 9 48. 7 217. 0 92. 2 46. 7 15. 0 34. 8 4. 1 49. 1 44. 9 2. 8 22. 0 2. 6 3. 2 14. 2 6. 0 3. 1 1. 0 2. 3 0. 3 2009 1 175. 1 857. 8 268. 5 3. 2 176. 6 16. 4 17. 9 54. 3 48. 8 5. 0 1. 1 4. 0 0. 3 73. 0 22. 0. 3 15. 0 1. 4 1. 5 4. 6 4. 2 0. 4 0. 1 0. 3 0. 0 FDI outflows 2010 1 451. 4 989. 6 400. 1 7. 0 243. 0 13. 6 16. 4 119. 9 61. 6 11. 5 3. 1 9. 3 0. 3 68. 2 27. 6 0. 5 16. 7 0. 9 1. 1 8. 3 4. 2 0. 8 0. 2 0. 6 0. 0 2011 1 694. 4 1 237. 5 383. 8 3. 5 239. 9 15. 2 25. 4 99. 7 73. 1 9. 2 3. 3 6. 5 0. 6 73. 0 22. 6 0. 2 14. 2 0. 9 1. 5 5. 9 4. 3 0. 5 0. 2 0. 4 0. 0 Source: UNCTAD, FDI/TNC database (www. unctad. org/fdistatistics). a Without double counting. CHAPTER II Regional Trends in FDI 39 1. Africa A. REGIONAL TRENDS Fig. FID ows – Africa Figure A.FDI flows, top 5 host and home economies, 2010–2011 (Billions of dollars) (Host) Nigeria South Africa Ghana Angola Table A. Distribution of FDI flows among economies, by range,a 2011 Range Above $3. 0 billion $2. 0 to $2. 9 billion Inflows Outflows Nigeria, South Africa .. and Ghana Congo, Algeria, Morocco, .. Mozambique, Zambia Sudan, Chad, Democratic $1. 0 to Republic of the Congo, Guinea, Angola, Zambia $1. 9 billion Tunisia, United Republic of Tanzania, Niger Madagascar, Namibia, Uganda, $0. 5 to Equatorial Guinea, Gabon, Egypt, Algeria $0. billion Botswana, Liberia Zimbabwe, Cameroon, Cote d'Ivoire, Kenya, Senegal, $0. 1 to Mauritius, Ethiopia, Mali, Liberia, Morocco, Libya $0. 4 billion Seychelles, Benin, Central African Republic, Rwanda, Somalia Swaziland, Cape Verde, Djibouti, Democratic Republic of the Congo, Mauritius, Malawi, Togo, Lesotho, Sierra Gabon, Sudan, Senegal, Niger, Tunisia, Togo, Leone, Mauritania, Gambia, Zimbabwe, Kenya, Cote d'Ivoire, Seychelles, Below Guinea-Bissau, Eritrea, Sao Ghana, Guinea, Swaziland, Mauritania, Burkina $0. billion Tome and Principe, Burkina Faso, Botswana, Benin, Mali, Guinea-Bissau, Faso, Comoros, Burundi, Egypt, Sao Tome and Principe, Cape Verde, Namib ia, Angola Mozambique, Cameroon, South Africa, Nigeria a Economies are listed according to the magnitude of their FDI flows. (Home) Zambia Egypt Congo Algeria Algeria 2011 2010 Liberia 0. 0 0. 2 0. 4 0. 6 0. 8 1. 0 2011 2010 1. 2 1. 4 1. 6 0. 0 1. 0 2. 0 3. 0 4. 0 5. 0 6. 0 7. 0 8. 0 9. 0 10. 0 Fig.B – Africa FDI in ows Figure B. FDI inflows, 2005–2011 (Billions of dollars) West Africa Fig. C – Africa FDI out ows Figure C. FDI outflows, 2005–2011 (Billions of dollars) 10 8 6 4 2 0 – 2 Central Africa Southern Africa East Africa North Africa 2005 2006 2007 70 60 50 40 30 20 10 0 Central Africa Southern Africa North Africa East Africa West Africa 2008 2009 2010 2011 2005 3. 1 2006 2. 5 2007 2. 6 2008 3. 2 2009 4. 4 2010 3. 3 2011 2. 8 Share in world total – 4 0. 2 . 6 0. 4 0. 4 0. 3 0. 5 0. 2 Table B. Cross-border M&As by industry, 2010–2011 (Millions of dollars) Sector/industry Total Primary Mining, quarrying and petroleum Manufacturing Food, beverages and tobacco Chemicals and chemical products Metals and metal products Electrical and electronic equipment Services Trade Transport, storage and communications Finance Business services Table C. Cross-border M&As by region/country, 2010–2011 (Millions of dollars) Region/countryWorld Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies 4 812 – 22 – 22 4 393 15 810 441 – 181 – 10 674 37 8 072 6 722 1 838 1 931 3 199 – 246 1 048 365 499 10 922 – 10 653 – 84 51 Sales 2010 2011 8 072 2 516 2 516 303 263 5 32 -9 5 253 84 1 912 134 2 994 7 205 1 664 1 595 1 922 1 026 155 286 470 3 619 2 161 489 910 149 Purchases 2010 2011 3 309 – 28 – 28 404 2 – 15 2 933 – 49 2 547 436 Sales 2010 2011 205 4 308 2 528 1 408 649 – 278 2 865 408 1 679 318 464 -5 – 130 Purchases 2010 2011 3 309 1 371 1 240 45 86 1 550 365 257 38 965 – 75 388 4 812 4 265 1 987 41 2 236 547 408 – 78 217 – Table D. Greenfield FDI projects by industry, 2010–2011 (Millions of dollars) Sector/industry Total Primary Mining, quarrying and petroleum Manufacturing Food, beverages and tobacco Coke, petroleum and nuclear fuel Metals and metal products Motor vehicles and other transport equipment Services Electricity, gas and water Construction Transport, storage and communications Business services Africa as destination Africa as investorsTable E. Greenfield FDI projects by region/country, 2010–2011 (Millions of dollars) Partner region/economy World Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies Africa as destination 88 918 20 237 20 237 39 506 1 888 23 235 2 093 2 568 29 175 5 432 7 630 6 381 5 429 2010 82 315 22 824 22 824 31 205 5 185 9 793 5 185 3 118 28 286 10 477 3 303 5 345 5 619 2011 6 662 1 246 1 246 7 506 175 5 684 429 99 7 910 899 2 627 1 274 2010 16 551 4 640 4 640 4 798 628 2 212 9 7 113 1 441 1 223 68 2 282 2011 88 918 48 554 32 095 5 507 473 10 479 37 752 12 226 9 929 4 890 9 897 809 2 612 2010 82 315 38 939 23 633 6 627 1 299 7 380 42 649 10 368 12 357 11 113 7 038 1 774 727 2011 Africa as investors 16 662 1 192 373 49 769 15 462 12 226 141 75 2 517 503 8 2010 16 551 487 182 259 45 16 064 10 368 400 980 150 1 167 – 2011 40 World Investment Report 2012: Towards a New Generation of Investment PoliciesContinued fall in FDI inflows to Africa but some cause for optimism. FDI flows to Africa were at $42. 7 billion in 2011, marking a third successive year of decline, although the decline is marginal (figure B). Both cross-border mergers and acquisitions (M&As) (tables B and C) and greenfield investments by foreign transna tional corporations (TNCs) (tables D and E) decreased. In terms of share in global FDI flows, the continent’s position diminished from 3. 3 per cent in 2010 to 2. 8 per cent in 2011 (figure B).FDI to Africa from developed countries fell sharply, leaving developing and transition economies to increase their share in inward FDI to the continent (in the case of greenfield investment projects, from 45 per cent in 2010 to 53 per cent in 2011; table E). However, this picture of an overall declining trend in FDI does not reflect the situation across all parts of the continent. The negative growth for the continent as a whole was driven in large part by reduced flows to North Africa caused by political unrest and by a small number of other exceptions to a generally more positive trend.Inflows to sub-Saharan Africa1 recovered from $29. 5 billion in 2010 to $36. 9 billion in 2011, a level comparable with the peak in 2008 ($37. 3 billion). North Africa has traditionally been the recipie nt of about one third of inward FDI to the continent. Inflows in 2011 halved, to $7. 69 billion, and those to the two major recipient countries, Egypt and Libya, were negligible. Outward FDI from North Africa also fell sharply in 2011 to $1. 75 billion, compared with $4. 85 billion in 2010. These figures are in stark contrast with the peak of 2008 when the outward FDI of North African ountries reached $8. 75 billion. Flows to West Africa were destined primarily for Ghana and Nigeria, which together accounted for some three quarters of the subregion’s inflows. Guinea emerged with one of the strongest gains in FDI growth in 2011, a trend that is likely to continue in the next few years in view of the $6 billion that State-owned China Power Investment Corporation plans to invest in bauxite and alumina projects. Overall, inward FDI flows to West Africa expanded by 36 per cent, to $16. 1 billion.The bulk of FDI in Central Africa goes to three commodity-rich countries: the primaril y oil-exporting Congo and Equatorial Guinea and the mineralexporting Democratic Republic of the Congo. Although inward FDI flows to Congo grew strongly in 2011, weak inflows to the Democratic Republic of the Congo affected the region as a whole and resulted in inward investment flows to Central Africa falling by 10. 2 per cent overall to $8. 53 billion. Inward FDI to Southern Africa, recovered from a 78 per cent decline in 2010, more than doubling its total to $6. 37 billion.This reversal was precipitated primarily by the sharp rebound of flows to South Africa, the region’s largest FDI recipient. Inflows to Angola, however, declined by over $2 billion. East Africa, with historically the lowest FDI inflows in sub-Saharan Africa, reversed the downward trend of 2009–2010 to reach $3. 96 billion, a level just 5 per cent below the peak of 2008. As most countries in this subregion have not been considered rich in natural resources, they have not traditionally attracted large investments into exportoriented production in the primary sector, except in agriculture.However, the discovery of gas fields is likely to change this pattern significantly. New oil- and gas-producing countries are emerging as major recipients of FDI. Oil production in subSaharan Africa has been dominated by the two principal producer countries, Angola and Nigeria. Nigeria was Africa’s largest recipient of FDI flows ($8. 92 billion) in 2011, accounting for over one fifth of all flows to the continent. In gross terms, Angola attracted FDI inflows worth $10. 5 billion, although in net terms, divestments and repatriated income left its inflows at -$5. 9 billion. Aside from these major oil-producing countries, investors are looking farther afield in search of oil and gas reserves. Ghana, in particular, benefited from FDI in the newly developed Jubilee oil field, where commercial production started in December 2010. Elsewhere, Tullow Oil (United Kingdom) announced its plan to inve st $2. 0 billion to establish an oil refinery in Uganda. Noble Energy (United States) also announced plans to invest $1. 6 billion to set up production wells and a processing platform in Equatorial Guinea.Inward FDI flows to Uganda and Equatorial Guinea were $792 million and $737 million respectively in 2011, but announced greenfield projects show future investments of $6. 1 billion in Uganda and $4. 8 billion in Equatorial Guinea, indicating strong FDI growth in these countries. CHAPTER II Regional Trends in FDI 41 If oil reserves off the Atlantic coast of Africa have drawn significant FDI to that region, natural gas reserves in East Africa, especially the offshore fields of Mozambique and the United Republic of Tanzania, hold equal promise. In 2011, inflows of FDI to Mozambique doubled from the previous year, to $2. 9 billion. New discoveries of large-scale gas reserves continue to be made in 2012. Development of gas fields and the liquefied natural gas (LNG) industry will require huge upfront investments and presents considerable technological challenges. FDI is certain to play a large role in developing this industry in the region, as exemplified by the plans announced by Eni (Italy) to invest $50 billion to develop the gas fields recently discovered in Mozambique. Sectoral shift emerging, especially towards services. The limited volume of FDI to Africa tends to make inflows vary widely from year to year.Nevertheless, viewed over a longer time period, a discernible sectoral shift is taking place in FDI to Africa. Data on greenfield projects by three-year periods show that, contrary to popular perceptions, the relative importance of the primary sector is declining, although the total value of projects is holding steady (figure II. 1). The data on projects in services in the period 2006–2008 are inflated by the announcements of no fewer than 13 construction projects worth more than $3 billion each, which take many years to complete. Still, a general a scendancy of the services sector is clear.Aside from the construction industry, projects are drawn into industries such as electric, gas and water distribution, and transport, storage and communications in the services sector and industries such as coke, petroleum products and nuclear fuel in the manufacturing sector. This shift is more about diversification of naturalresource-related activities than a decline of the extractive industry. Many of the projects in manufacturing and services are premised on the availability of natural resources or play a supporting role for the extractive industry.Such projects include a $15 billion project by Western Goldfields (Canada) to construct a coal-fired power station in Nigeria and an $8 billion project by Klesch & Company (United Kingdom) to build an oil refinery in Libya, both announced in 2008. Better prospects for 2012. The region’s prospects for FDI in 2012 are promising, as strong economic growth, ongoing economic reforms and high commodity prices have improved investor perceptions of the continent. Relatively high profitability of FDI in the continent is another factor.Data on the profitability of United States FDI (FDI income as a share of FDI stock) show a 20 per cent return in Africa in 2010, compared with 14 per cent in Latin America and the Caribbean and 15 per cent in Asia (United States Department of Commerce, 2011: 51). In addition to traditional patterns of FDI to the extractive industries, the emergence of a middle class is fostering the growth of FDI in services such as banking, retail and telecommunications. UNCTAD’s forecast of FDI inflows also points to this pattern (figure I. 10).It is especially likely if investor confidence begins to return to North Africa and compensates for the recent declines in this region. Figure II. 1. Value of greenfield investments in Africa, by sector, 2003–2011 (Billions of dollars) 500 450 400 350 300 250 200 150 100 50 0 Services Manufacturing Prim ary 2003–2005 2006–2008 2009–2011 Source: UNCTAD, based on data from Financial Times Ltd, fDi Markets (www. fDimarkets. com). 42 World Investment Report 2012: Towards a New Generation of Investment Policies Fig. FID ows – Africa 2. East and South-East Asia Table A. Distribution of FDI flows among economies, by range,a 2011 RangeAbove $50 billion $10 to $49 billion Inflows China, Hong Kong (China), Singapore Outflows Hong Kong (China), China Fig. FID ows – East and South-East Asia Figure A. FDI flows, top 5 host and home economies, 2010–2011 (Billions of dollars) (Host) (Home) China Hong Kong, China China Indonesia, Malaysia Singapore, Republic of Korea, Malaysia, Taiwan Province of China, Thailand Indonesia, Viet Nam Hong Kong, China Singapore Viet Nam, Thailand, Mongolia, $1. 0 to $9. 9 Republic of Korea, Macao (China), billion Philippines, Brunei Darussalam $0. 1 to $0. 9 Cambodia, Myanmar, Lao People's billion Democratic Republic Below $0 . billion a Singapore Republic of Korea Malaysia 0 20 40 60 80 .. Mongolia, Macao (China), Cambodia, Brunei Darussalam, Philippines, Lao People's Democratic Republic Indonesia Democratic People's Republic of Korea, Timor-Leste, Taiwan Province of China Malaysia 0 20 40 60 80 2011 2010 100 120 140 2011 2010 100 120 Economies are listed according to the magnitude of their FDI flows. Fig. B – East & South-East Asia FDI in ows Figure B. FDI inflows, 2005–2011 (Billions of dollars) Fig. C – East & South-East Asia FDI out ows Figure C. FDI outflows, 2005–2011 (Billions of dollars) 240 200 160 120 80 40 South-East Asia East Asia 20 280 240 200 160 120 80 40 0 South-East Asia East Asia 2005 16. 3 2006 13. 4 2007 12. 0 2008 13. 2 2009 17. 2 2010 22. 5 2011 22. 0 Share in world total 0 2005 2006 2007 2008 2009 2010 2011 7. 9 8. 1 7. 9 8. 4 15. 0 16. 7 14. 2 Table B. Cross-border M by industry, 2010–2011 (Millions of dollars) Sector/industry Total Primary Min ing, quarrying and petroleum Manufacturing Food, beverages and tobacco Chemicals and chemical products Electrical and electronic equipment Precision instruments Services Electricity, gas and water Trade Finance Business servicesTable C. Cross-border M by region/country, 2010–2011 (Millions of dollars) Region/country World Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies 26 417 – 427 – 607 11 423 2 383 1 796 864 78 15 421 796 194 952 5 642 Sales 2010 2011 32 715 5 214 4 780 10 253 3 078 1 159 3 279 806 17 248 2 280 1 704 6 484 4 365 67 609 18 844 18 932 6 994 3 714 2 396 – 331 3 41 771 1 345 1 912 33 111 – 483Purchases 2010 2011 67 966 19 301 19 695 12 609 961 6 596 1 794 684 36 056 3 855 1 752 31 215 – 1 273 26 417 7 439 1 288 673 3 229 2 249 18 087 257 18 870 1 201 – 2 320 79 à ¢â‚¬â€œ Sales 2010 2011 32 715 15 007 4 548 2 086 6 760 1 613 15 346 – 78 12 968 539 1 758 159 1 531 67 609 34 985 17 977 4 849 647 11 511 32 604 499 18 870 – 1 731 127 14 664 20 Purchases 2010 2011 67 966 45 773 13 906 12 369 1 084 18 414 21 814 1 679 12 968 – 2 417 253 9 311 379 Table D. Greenfield FDI projects by industry, 2010–2011 (Millions of dollars) Sector/industryTotal Primary Mining, quarrying and petroleum Manufacturing Chemicals and chemical products Metals and metal products Electrical and electronic equipment Motor vehicles and other transport equipment Services Construction Transport, storage and communications Finance Business services Table E. Greenfield FDI projects by region/country, 2010–2011 (Millions of dollars) 2011 Partner region/economy World Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbe an Transition economiesEast and South-East Asia as destination 213 770 3 658 3 647 129 489 16 410 14 856 34 930 28 559 80 623 4 601 13 226 15 900 13 471 2010 206 924 4 444 4 444 131 800 25 582 16 735 21 578 17 921 70 681 7 021 19 141 16 451 10 255 2011 East and South-East Asia as investors 143 094 4 262 4 262 104 303 7 980 16 028 26 528 10 523 34 530 5 030 5 943 4 777 4 200 2010 East and South-East Asia as destination 213 770 136 798 44 341 44 237 36 353 11 866 71 324 141 63 779 1 955 2 910 2 531 5 648 East and South-East 125 466 5 158 5 158 85 119 6 480 24 522 11 376 9 084 35 189 3 840 6 745 5 250 1 682 2010 06 924 133 339 57 936 33 515 30 198 11 690 72 353 400 56 138 10 973 3 965 675 1 232 2011 Asia as investors 143 094 32 559 5 567 8 093 362 18 537 105 283 9 929 63 779 18 556 2 541 9 556 5 253 2010 125 466 16 470 7 123 5 961 510 2 877 102 434 12 357 56 138 19 050 5 930 8 950 6 563 2011 CHAPTER II Regional Trends in FDI 43 South-East Asia is catching up. Registering a 14 per cent increase, total FDI inflows to East and SouthEast Asia amounted to $336 billion in 2011 (figure B). The region accounted for 22 per cent of total global FDI flows, up from about 12 per cent before the global financial crisis.FDI inflows reached new records in both subregions, as well as in the major economies, such as China; Hong Kong, China; Singapore and Indonesia (figure A). South-East Asia continued to outperform East Asia in FDI growth. Inflows to the former reached $117 billion, up 26 per cent, compared with $219 billion, up 9 per cent, in the latter, narrowing the gap between the two subregions (figure B, annex table I. 1). Among the economies of the Association of Southeast Asian Nations (ASEAN), four – Brunei Darussalam, Indonesia, Malaysia and Singapore – saw a considerable rise in their FDI inflows.The performance of the relatively low-income countries, namely Cambodia, the Lao People’s Democratic Republic and Myanmar was generally good as well, thoug h Viet Nam declined slightly. Although natural disaster in Thailand disrupted production by foreign affiliates in the country, particularly in the automobile and electronic industries, and exposed a weakness of the current supply-chain management systems, FDI inflows to the country remained at a high level of nearly $10 billion, only marginally lower than that of 2010.Overall, as East Asian countries, particularly China, have continued to experience rising wages and production costs, the relative competitiveness of ASEAN in manufacturing has been enhanced. Accordingly, some foreign affiliates in China’s coastal regions are relocating to South-East Asia,2 while others are moving their production facilities to inland China. The performance of East Asian economies showed a mixed picture. FDI flows to China reached a historically high level of $124 billion in 2011. The second largest recipient in the subregion, Hong Kong, China, saw its inflows increase to $83 billion (figure A), a historic high as well.By contrast, inflows to the Republic of Korea and Taiwan Province of China declined to $4. 7 billion and -$2 billion, respectively. Japan gains ground as investor in the region. Partly as a result of the significant appreciation of the Japanese yen in 2011, TNCs from Japan have strengthened their efforts in investing abroad (section A. 7), particularly in low-cost production locations in South-East Asia. For instance, in 2011, attracted by low labour costs and good growth prospects, Japanese companies pledged to invest about $1. 8 billion in Viet Nam. In China, FDI from Japan rose from $4 billion (4 per cent of total inflows) in 2010 to $6 billion (9 per cent of total inflows) in 2011. In Mongolia, large projects in extractive industries, including the Tavan Tolgoi coal mine, are being implemented or negotiated, some with Japanese investors. In addition, negotiation of the Economic Partnership Agreement with Japan may bring in more FDI to Mongolia. Owing to the worsening sovereign debt crisis and related liquidity problems at home, TNCs from Europe have slowed their pace of expansion in East and South-East Asia since late 2011.In particular, some European banks have undertaken divestments from the region, selling their Asian operations to regional players, a trend which may continue this year with banks such as HSBC and Royal Bank of Scotland selling assets in Hong Kong, China; Thailand; and Malaysia. The actions of TNCs from the United States were mixed: some in industries such as home appliances have been relocating production facilities to their home countries,4 while others in industries such as automotives have continued to expand in Asia. 5 Greenfield investment dominates, but M are on the rise.Greenfield investment is the dominant mode of entry in East and South-East Asia, although the total amount of investment decreased slightly in 2011 to about $207 billion. In contrast, cross-border M sales in the region increased by about 2 4 per cent to $33 billion, driven by a surge in South-East Asia, where total M sales more than doubled, reaching $20 billion. Sales in East Asia dropped by one fourth, with a rise in M in China (up 77 per cent to $11 billion) cancelled out by a fall in those in Hong Kong, China (down 92 per cent to $1 billion).In manufacturing, the major industries in which greenfield investment took place were chemical products, electronics, automotive and metal and metal products in that order, while those most targeted for cross-border M were electronics and food and beverages. M sales also increased 44 World Investment Report 2012: Towards a New Generation of Investment Policies in services, contributing to a longer-term shift. In China, for example, FDI flows to services surpassed those to manufacturing for the first time as the result of a rise in flows to non-financial services and a slowdown of flows to manufacturing.FDI in finance is expected to grow as the country continues to open its fin ancial markets,6 and as foreign banks, including HSBC (United Kingdom) and Citigroup (United States), expand their presence through both M and organic growth. 7 Outward FDI: East Asia slows down while SouthEast Asia sets a new record. FDI outflows from East and South-East Asia as a whole remained more or less stable after the significant increase in 2010 (figure C). FDI outflows from East Asia dropped by 9 per cent to $180 billion, the first decline since 2005, while those from South-East Asia rose 36 per cent to $60 billion, a record high.FDI outflows from Hong Kong, China, the region’s financial centre and largest source of FDI, declined in 2011 by 14. 5 per cent to $82 billion, but increased in the last quarter of the year. FDI outflows from China dropped by 5. 4 per cent to $65 billion. In contrast, outflows from Singapore, the leading source of FDI in South-East Asia, registered a 19 per cent growth, reaching $25 billion. Outflows from Thailand and Indonesia surged, reac hing $11 billion and $8 billion. The boom was driven mainly by cross-border M in the case of Thailand and by greenfield investments in the case of Indonesia.Diverging patterns in overseas M. TNCs from East and South-East Asia continued to expand globally by actively acquiring overseas assets. Their M purchases worldwide amounted to $68 billion in 2011, marginally higher than the previous record set in 2010. Their cross-border M activities demonstrated diverging trends: total purchases in developed countries increased by 31 per cent to $46 billion, while those in developing countries declined by 33 per cent to $22 billion (table C).The rise in their M in developed countries as a whole was driven mainly by increases in Australia (up 20 per cent to $8 billion), Canada (up 99 per cent to $9 billion) and the United States (up 155 per cent to $12 billion), while the value of total purchases in Europe decreased by 8 per cent to $17 billion. The rise in M purchases in the developed world co rresponded to an increase in M in manufacturing, to $13 billion (table B). Greenfield investment by TNCs from East and South-East Asia dropped, in both number and value (tables D and E).The number of recorded greenfield projects undertaken by firms based in East and South-East Asia was about 1,200. The value of investments dropped by 12 per cent to about $125 billion. In manufacturing, East and South-East Asian TNCs in industries such as metals and metal products as well as food and beverages have been investing more frequently through greenfield investment. In services, companies from East Asia in particular continued to be active players in the M markets in both developed and developing countries. Short-term prospects: slowing growth.FDI growth in the region has slowed since late 2011 because of growing uncertainties in the global economy. FDI to manufacturing stagnated in China, but the country is increasingly attracting market-seeking FDI, especially in services. According to th e annual World Investment Prospects Survey (WIPS) undertaken by UNCTAD this year, China continues to be the most favoured destination of FDI inflows. FDI prospects in South-East Asia remain promising, as the rankings of ASEAN economies, such as Indonesia and Thailand, have risen markedly in the survey. CHAPTER II Regional Trends in FDI 5 3. South Asia Table A. Distribution of FDI flows among economies, by range,a 2011 Range Above $10 billion $1. 0 to $9. 9 billion $0. 1 to $0. 9 billion Below $0. 1 billion a Figure A. FDI flows, top 5 host and home economies, 2010–2011 Fig. FID ows – dollars) (Billions of South Asia (Host) India Iran, Islamic Republic of Pakistan India Iran, Islamic Republic of Pakistan Inflows India India Outflows (Home) Islamic Republic of Iran, Pakistan, Bangladesh .. Sri Lanka, Maldives Islamic Republic of Iran Nepal, Afghanistan, Bhutan Pakistan, Sri Lanka, Bangladesh Bangladesh Sri LankaEconomies are listed according to the magnitude of their FDI flows. Sri Lanka 2011 2010 0 5 10 15 20 25 30 35 Bangladesh 2011 2010 0 3 6 9 12 15 Fig. B – South Asia FDI in ows Figure B. FDI inflows, 2005–2011 (Billions of dollars) 60 50 40 30 10 20 10 0 2005 1. 5 2006 1. 9 2007 1. 8 2008 3. 0 2009 3. 5 2010 2. 4 2011 2. 6 Share in world total 5 0 2005 0. 4 25 20 15 Fig. C – South Asia FDI in ows Figure C. FDI outflows, 2005–2011 (Billions of dollars) 2006 1. 0 2007 0. 9 2008 1. 0 2009 1. 4 2010 0. 9 2011 0. 9 Table B. Cross-border M by industry, 2010–2011 (Millions of dollars) Sector/industryTotal Primary Mining, quarrying and petroleum Manufacturing Wood and wood products Chemicals and chemical products Non-metallic mineral products Motor vehicles and other transport equipment Services Electricity, gas and water Trade Finance Business services Table C. Cross-border M by region/country, 2010–2011 (Millions of dollars) Region/country World Developed economies European Union United States Japan Other d eveloped countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies Sales 2010 2011 569 18 18 5 960 4 194 3 4 – 409 53 275 – 602 12 875 8 997 8 997 1 940 435 85 152 977 1 937 310 341 701 291 26 682 5 240 5 240 2 499 174 393 – 14 18 943 95 29 5 745 424 Purchases 2010 2011 6 078 111 111 1 489 6 1 370 24 470 4 478 1 636 1 461 96 5 569 7 439 153 5 319 1 372 596 – 1 910 38 – 1 731 342 177 – 735 – Sales 2010 2011 12 875 14 870 12 450 1 576 986 – 142 – 2 017 217 – 2 417 46 133 3 – 26 682 7 836 971 3 343 3 522 18 823 10 922 1 201 342 898 5 460 24 Purchases 2010 2011 6 078 5 239 1 094 23 40 4 082 1 083 318 539 46 180 – 245 Table D. Greenfield FDI projects by industry, 2010–2011 (Millions of dollars) Sector/industryTotal Primary Mining, quarrying and petroleum Manufacturing Chemicals and chemical products Metals and metal prod ucts Machinery and equipment Motor vehicles and other transport equipment Services Construction Transport, storage and communications Finance Business services Table E. Greenfield FDI projects by region/country, 2010–2011 (Millions of dollars) 2011 Partner region/economy World Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies South Asia as destination 2 899 1 080 1 080 43 943 4 224 13 635 2 809 9 483 17 876 1 554 4 554 2 108 2 722 2010 68 019 47 649 4 567 19 223 3 157 11 466 20 369 2 640 3 675 2 552 5 879 2011 20 777 679 679 12 446 3 905 3 740 404 2 349 7 653 511 501 1 823 1 785 2010 South Asia as investors South Asia as destination 62 899 38 423 18 858 11 169 6 258 2 138 23 900 75 18 556 2 177 2 266 826 576 35 593 4 165 4 165 19 435 1 370 8 287 132 2 628 11 993 776 345 1 710 3 228 2010 68 019 41 532 16 008 14 024 8 366 3 135 26 097 980 19 050 1 910 4 093 64 389 2011 20 777 6 368 3 619 728 8 2 012 13 341 4 890 1 955 2 177 3 752 566 1 069 2010South Asia as investors 35 593 4 503 2 512 1 497 8 485 30 266 11 113 10 973 1 910 5 672 598 824 2011 46 World Investment Report 2012: Towards a New Generation of Investment Policies FDI inflows to South Asia have turned around. Inflows rose by 23 per cent to $39 billion in 2011 (2. 6 per cent of global FDI flows) after a slide in 2009–2010 (figure B). The recovery derived mainly from the inflows of $32 billion to India, the dominant FDI recipient in South Asia. Inflows to the Islamic Republic of Iran and Pakistan, recipients of the second and third largest FDI flows, amounted to $4. 2 billion and $1. billion (figure A). Bangladesh has also emerged as an important recipient, with inflows increasing to a record high of $1. 1 billion. In 2011, about 145 cross-border M and 1,045 greenfield FDI projects by foreign TNCs were recorded in South Asia (annex table s I. 4 and I. 9). Cross-border M rose by about 131 per cent in value, and the total reached $13 billion (tables B and C), surpassing the previous record set in 2008. The significant increase was driven mainly by a number of large transactions in extractive industries undertaken by acquirers from the European Union (EU), as well as from developing Asia.By contrast, cross-border M sales in manufacturing declined by about two thirds, to a level below $2 billion (table B). Sales in services amounted to $2 billion as well but were still much below the annual amounts during 2006–2009. Within manufacturing, the automotive industry ($1 billion) was the main target of investors, while in services, finance ($700 million) was the main target. FDI outflows from South Asia picked up as well. In 2011, outflows from the region rose by 12 per cent to $15 billion, after a decline of three years. Outflows from India, the dominant source of FDI from the region, increased from $13. 2 billion in 2010 to $14. billion in 2011 (figure A). However, Indian TNCs became less active in acquiring overseas assets. The amount of total cross-border M purchases decreased significantly in all three sectors: from $5. 2 billion to $111 million in the primary sector, from $2. 5 billion to $1. 5 billion in manufacturing, and from $19. 0 billion to $4. 5 billion in services. The drop was compensated largely by a rise in overseas greenfield projects, particularly in extractive industries, metal and metal products, and business services (table D). Indian companies in information technology services have long been active players in global markets.In recent years, firms in service industries such as banking and food services have also become increasingly active in overseas markets, particularly in developed countries and especially in the United Kingdom. In early 2012, the State Bank of India started offering mortgages in the United Kingdom. India Hospitality Corp. acquired Adelie Food Holding, b ased in the United Kingdom, for $350 million, to capture growth opportunities in the Indian fast food market. Cautiously optimistic prospects. Countries in the region face various challenges, which need to be tackled in order to build an attractive investment climate for enhancing development.Recent developments have highlighted new opportunities (box II. 1). The growth of inflows so far appears likely to keep its momentum in 2012. As economic growth in India has slowed, however, concerns have arisen about short-term prospects for FDI inflows to South Asia. Whether countries in the region can overcome old challenges and grasp new opportunities to attract investment will depend to a large extent on Governments’ efforts to further open their economies and deepen regional economic integration.CHAPTER II Regional Trends in FDI 47 Box II. 1. Attracting investment for development: old challenges and new opportunities for South Asia South Asian countries face different challenges in building a conducive business environment and an attractive investment climate, which are crucial for promoting economic development. These challenges include, for instance, stabilization in Afghanistan, security concerns in the Islamic Republic of Iran and Pakistan, and macroeconomic as well as political issues in India.Two issues stand out as major concerns: political risks and obstacles at the country level and weak integration processes at the regional level. At the country level, high political risks and obstacles have been an important factor deterring FDI inflows. Countries in the region rank high in the country risk guides of political-risk assessment services, and political restrictions on both FDI and business links between countries in the region have long existed. This has deterred FDI inflows and negatively affected the countries’ FDI performance. However, recent developments have highlighted new opportunities.For instance, the political relationship between Ind ia and Pakistan, the two major economies on the subcontinent, has been moving towards greater cooperation, with Pakistan granting India most-favoured-nation status in November 2011 and India recently announcing that it will allow FDI from Pakistan. In Afghanistan, some FDI has started to flow into extractive industries. At the regional level, progress in economic integration (with the South Asian Association for Regional Cooperation as the key architect) has been slow, and the trade barriers between neighbouring countries in the region are among the highest in the world.South Asia is perhaps one of the least integrated developing regions: intraregional trade accounts for about 2 per cent of total gross domestic product (GDP), compared with more than 20 per cent in East Asia. In addition, investment issues have not yet been included in the regional integration process. As a result, the region has not been able to realize its potential for attracting FDI inflows, especially in promoti ng intraregional FDI flows. In 2011, intraregional greenfield investment accounted for merely 3 per cent of the regional total, compared with 27 per cent in East and South-East Asia.Nevertheless, high economic growth in major economies in the subregion has created a momentum for regional integration in recent years, and South Asian countries have increasingly realized that regional integration can help them improve the climate for investment and business. The inclusion of an investment agenda in the regional integration process and in particular the creation of a regional investment area can play an important role in this regard. Source: UNCTAD and UNESCAP. 48 World Investment Report 2012: Towards a New Generation of Investment Policies 4. West AsiaTable A. Distribution of FDI flows among economies, by range,a 2011 Range Above $10 billion Inflows Saudi Arabia, Turkey .. Outflows Figure A. FDI flows, top 5 host and home economies, 2010–2011 Fig. FID ows – West Asia (Bil lions of dollars) (Host) (Home) Saudi Arabia Turkey United Arab Emirates Lebanon Kuwait $5. 0 to $9. 9 billion United Arab Emirates Kuwait, Qatar Qatar $1. 0 to $4. 9 billion Lebanon, Iraq, Jordan, Syrian Arab Republic Saudi Arabia, Turkey, United Arab Emirates Lebanon, Bahrain, Oman, Iraq, Yemen, Jordan, Syrian Arab Republic, Palestinian TerritorySaudi Arabia Turkey United Arab Emirates 30 0 1 2 3 4 5 6 Below $1. 0 billion a Oman, Bahrain, Kuwait, Palestinian Territory, Qatar, Yemen Iraq 0 5 10 15 20 2011 2010 25 2011 2010 7 8 9 10 Economies are listed according to the magnitude of their FDI flows. Fig. B – West Asia FDI in ows Figure B. FDI inflows, 2005–2011 (Billions of dollars) Fig. C – West Asia FDI out ows Figure C. FDI outflows, 2005–2011 (Billions of dollars) 100 90 80 70 60 50 40 30 20 10 0 2005 4. 5 2006 4. 6 2007 4. 0 2008 5. 1 2009 5. 5 2010 4. 4 2011 3. 2 Share in world total Other West Asia Gulf Cooperation Council (GCC) Turkey 0 40 30 20 1 0 0 2005 1. 4 2006 1. 6 2007 1. 5 2008 1. 9 2009 1. 5 Other West Asia Gulf Cooperation Council (GCC) Turkey 2010 1. 1 2011 1. 5 Table B. Cross-border M by industry, 2010–2011 (Millions of dollars) Sector/industry Total Primary Mining, quarrying and petroleum Manufacturing Wood and wood products Chemicals and chemical products Metals and metal products Machinery and equipment Services Electricity, gas and water Transport, storage and communications Finance Business services Table C. Cross-border M by region/country, 2010–2011 (Millions of dollars) Region/countryWorld Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies Sales 2010 2011 4 887 170 170 2 416 10 19 410 2 301 – 59 100 1 611 172 9 713 2 730 2 682 665 37 180 174 310 6 317 555 338 4 128 895 – 15 278 1 484 1 484 18 16 – 19 – 16 780 4 00 – 10 721 – 4 163 281 Purchases 2010 2011 6 136 37 37 780 – 89 -2 3 5 319 190 – 2 568 7 954 314 Sales 2010 2011 4 887 2 257 1 472 112 343 331 2 062 965 127 898 72 21 9 713 8 222 9 412 – 1 579 33 356 1 187 253 916 18 5 15 278 – 2 555 – 683 – 2 333 461 – 12 724 – 10 653 – 2 320 177 72 – Purchases 2010 2011 6 136 2 599 5 083 – 1 110 – 1 374 3 420 464 1 758 133 916 147 117 Table D. Greenfield FDI projects by industry, 2010–2011 (Millions of dollars) Sector/industry Total Primary Mining, quarrying and petroleum Manufacturing Food, beverages and tobacco Coke, petroleum and nuclear fuel Chemicals and chemical products Metals and metal products Services Electricity, gas and water Construction Hotels and restaurants Business services Table E. Greenfield FDI projects by region/country, 2010–2011 (Millions of dollars) 2011 Partner region/economyWorld Developed economies European Un ion United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies West Asia as destination 60 011 1 631 1 631 23 395 1 443 1 165 8 977 3 155 34 985 6 004 11 231 5 431 3 976 2010 69 151 915 915 39 640 3 783 4 472 13 877 8 260 28 595 6 744 6 620 4 686 3 199 2011 West Asia as investors 37 190 7 538 1 110 2 122 1 771 737 29 652 570 13 630 2 921 4 805 2010 West Asia as destination 60 011 36 532 23 370 8 219 1 162 3 782 21 726 2 517 2 541 3 752 12 403 513 1 753 4 194 503 503 19 444 2 414 7 633 3 372 3 088 24 247 2 611 12 603 1 920 921 2010 69 151 38 990 14 911 18 121 2 896 3 062 29 466 150 5 930 5 672 17 535 178 695 2011 West Asia as investors 37 190 3 769 3 454 123 192 28 313 9 897 2 910 2 266 12 403 836 5 108 2010 44 194 9 687 7 481 1 937 269 33 371 7 038 3 965 4 093 17 535 699 1 135 2011 CHAPTER II Regional Trends in FDI 49 Inflows to West Asia declined for a third year. They decreased by 16 per cent to $49 billion in 2011, affected by both the continuing political instability and the deterioration of global economic prospects in the second half of 2011.The level is the lowest since 2005 – when FDI flows stood at about $44 billion – and far below the record high of about $92 billion registered in 2008 (figure B). Gulf Cooperation Council (GCC) countries are still recovering from the suspension or cancellation of large-scale projects in previous years. They registered a drop of 35 per cent in FDI inflows, which brought their share in the region’s total from 69 per cent in 2010 to 53 per cent in 2011. Saudi Arabia – the region’s biggest recipient – saw a 42 per cent fall in 2011 to $16 billion, which largely explains the overall decline.FDI flows to Oman and Qatar also decreased – reaching negative values in the latter – but those to Bahrain, Kuwait and the United Arab Emirates rebounded from relative ly low values (figure A and annex table I. 1). Some of the big and expensive projects that had prospered in these countries during the precrisis period had to be suspended or cancelled when project finance dried up in the wake of the global financial crisis. After a period of calm and consolidation, projects started slowly coming back on line in 2010 but soon faced delays caused by the Arab uprising across the region during 2011, and by new uncertainties about global economic rospects. Some big projects with strong sponsors have managed to secure financing, sometimes with greater use of export credit agencies, in particular from Japan and the Republic of Korea, and highly liquid regional bank lenders. 8 As of October 2011, the cancelled or suspended construction projects in the Middle East and North African market were estimated at $1. 74 trillion, with $958 billion in the United Arab Emirates alone and $354 billion in Saudi Arabia. Construction was one of the most important areas f or investment to have emerged in the last oil boom, and the pace of its activity is among the key indicators of investment behaviour in housing, tourism, infrastructure, refineries, petrochemicals and real estate, where foreign investment prospered during the boom years. Strong recovery of FDI into Turkey. Turkey stood as an exception to regional trends, with inflows registering a 76 per cent increase to $16 billion (figure A), maintaining the country’s position as the region’s second largest FDI recipient and increasing its share in the region’s total from 16 to 33 per cent.The increase in inflows was mainly the result of a more than three-fold increase in crossborder M sales (annex table I. 3), with two big deals making up most of the total. 10 In addition, Turkey’s FDI promotion policy has been shifting towards a more sector-specific approach, aiming directly at high value added, high-tech and exportoriented projects. Investments in automotive and petr ochemical industries have been designated primary objectives by the Investment Support and Promotion Agency, and the mining sector will soon be added as well. 1 Political and social unrest has halted FDI to nonGCC Arab countries. Flows to this group of countries – which represented 14 per cent of the region’s total – declined by 26 per cent in 2011 to $7 billion. Spreading political and social unrest has halted FDI inflows in the Syrian Arab Republic and Yemen. Flows to Lebanon were affected by the slowdown in the real estate sector – the most important recipient of FDI – as a consequence of adverse spillovers of both the global financial crisis and the regional unrest. Increased oil revenues helped boost FDI outflows.FDI outflows from West Asia rebounded by 54 per cent in 2011 after bottoming out at a five-year low in 2010 (figure C). The rise in oil prices since the end of 2010 made more funds available for outward FDI from the GCC countries. In addition to these countries – the region’s main outward-investing economies – Turkey registered a 68 per cent increase in outward FDI flows. This is reflected in the recovery of both cross-border M purchases and greenfield projects abroad by Turkish investors, with a strong shift of greenfield FDI projects from developed and transition economies to neighbouring developing regions and countries.FDI prospects are still negative for inward FDI to the region. UNCTAD projects that FDI inflows will continue declining in 2012, judging by preliminary data on cross-border M sales and greenfield investment for the first five months of 2012, as 50 World Investment Report 2012: Towards a New Generation of Investment Policies uncertainties at the global and regional levels are likely to cause foreign investors to remain cautious about their investment plans in the region. In the longer term, however, the concentration of oil wealth in the region and the strategic need to urt her reduce economic dependence on the oil and gas sectors through economic diversification will create additional business opportunities, and revive the region’s attractiveness for foreign investors (see box II. 2). Box II. 2. Economic diversification and FDI in the GCC countries Economic diversification has recently taken high political priority in West Asia, as the lack of job prospects for a rapidly growing, educated and young population was a key trigger of political unrest. The oil-rich countries saw in the surge of oil prices in the early 2000s an opportunity for change.In 2001, the six GCC members signed an economic agreement aiming to boost their diversification efforts by encouraging the private sector, including foreign investors, to play a more active role and implementing liberalization measures to this end. The new policy framework opened a wider range of activities to FDI. Together with new opportunities offered by the surge in oil revenues, this has increased a nnual inflows from a relatively modest $1 billion on average during 1990– 2000 to $28 billion during 2001–2011, eaching a record $60 billion in 2008, and targeting mainly services. Stock data from three countries show that in 2010, services accounted for 59 per cent of inward FDI, manufacturing for 27 per cent and the primary sector – mainly the oil and gas upstream industry where restrictions on FDI participation remain – for 14 per cent (box figure II. 2. 1). Services was also dominant in greenfield FDI projects, attracting 51 per cent of estimated investments during 2003–2011; 44 per cent targeted manufacturing and 5 per cent went to the primary sector. Box figure II. . 1. Accumulated inward FDI stock in Oman, Qatar and Saudi Arabia, a by sector, 2010 Primary 14 % Business activities 19 % Chemicals 11 % Manufacturing Re ning 7 % Other 9 % Construction 14 % Finance 9% Services 59 % Transport, storage and communications 6% Trade 3% Electricity, ga s and water 3% Other services 3% Source: UNCTAD, FDI/TNC database (www. unctad. org/fdistatistics). a These three countries accounted for 69 per cent of GCC countries’ inward FDI stocks in 2010. Sectoral data for Bahrain, Kuwait and the United Arab Emirates are not available.Active industrial policies have targeted FDI in specific activities, using oil revenues to establish projects and encouraging foreign investors to participate – for example, in petrochemicals and petroleum refining, and the building of economic zones and new cities. /†¦ CHAPTER II Regional Trends in FDI 51 Box II. 2. Economic diversification and FDI in the GCC countries (concluded) The soaring oil prices and increasing refining margins in the 2000s encouraged Gulf countries to establish refinery/ petrochemical complexes to produce products with higher value added.They also opened the door wider to international oil companies, as providers of technologies and market experience. Several projects have been built or are under way, through joint ventures or non-equity agreements with foreign TNCs. Several are hosted in Saudi Arabia, such as Petro Rabigh (with Sumitomo Chemical (Japan)), Al Jubail (with Total (France)), and Fujian (with ExxonMobil (United States) and Sinopec (China)), among others. Similar projects also took place in the United Arab Emirates, Qatar and Oman.Building economic zones and cities has generally consisted of providing advanced information and communications technology, infrastructure and services to attract leading tenants to help establish new, globally competitive industries, especially service-based ones. More than 55 such cities or zones have been established or are under way, generally targeting knowledge-intensive industries. GCC countries clearly experienced higher growth in their non-oil sectors during the 2000s (IMF, 2011), and the shift in their FDI policy allowed foreign direct investors to participate.Progress in equal treatment of GCC-co untry citizens – in freedom of movement, work, residence, economic engagement, capital movement and real estate ownership – has spurred intra-GCC FDI, which has helped develop services activities. Despite this progress, hydrocarbons still dominate real GDP and export revenues, and the expansion of the non-oil sectors has not meant a decline in dependence on oil. a High growth rates in non-oil activities have created relatively few job opportunities for national workforce to assuage the high unemployment rates and reliance on government posts. This might indicate a mismatch between career aspirations and available opportunities, on the one hand, and between the skills required by the private sector and those available in the workforce, on the other. This introduces the risk of the consolidation of a dual system, where modern enclaves with expatriate management and workforces are disconnected from the skills of the national workforce which relies mostly on government job s. GCC countries face common challenges.The scale of diversification plans will require both private and public funding, as well as cooperation and coordination between public and private sectors, which will continue to provide investment opportunities for TNCs. Source: UNCTAD. a Oil revenues represented 60–88 per cent on average of government revenues during 2005–2009, and its share in export revenues was 76–95 per cent in 2008, except in the United Arab Emirates, where it was 43 per cent (Samba, 2010). b In 2008, national unemployment was estimated at close to 13 per cent in Saudi Arabia, 14 per cent in the United Arab Emirates and 15 per cent in both Bahrain and Oman.The majority of those employed worked in government; 88 per cent of nationals in Qatar, 86 per cent in Kuwait, 72 per cent in Saudi Arabia and 47 per cent in Oman. In 2007–2008, the share of migrants in total employment was estimated at 74 per cent in Bahrain, 77 per cent in Oman, 92 per c ent in Qatar and 87 per cent in Saudi Arabia (Baldwin-Edwards, 2011). 52 World Investment Report 2012: Towards a New Generation of Investment Policies 5. Latin America and the Caribbean Table A. Distribution of FDI flows among economies, by range,a 2011 Range Above $10 billion $5. 0 to $9. 9 billion $1. to $4. 9 billion Figure A. FDI flows, topFig. FID and home economies, 2010–2011 5 host ows – LAC (Billions of dollars) (Host) British Virgin Islands Chile Inflows Brazil, British Virgin Islands, Mexico, Chile, Colombia Peru, Cayman Islands, Argentina, Bolivarian Republic of Venezuela Outflows British Virgin Islands, Chile Mexico, Colombia Brazil British Virgin Islands Mexico (Home) Panama, Dominican Republic, Uruguay, Costa Rica, Bahamas, Cayman Islands, Panama, Argentina Honduras, Guatemala, Nicaragua Plurinational State of Bolivia, Trinidad, Tobago, Ecuador, Aruba, El Salvador, $0. to Bahamas, Bolivarian Republic of Barbados, Paraguay, Jamaica, Haiti, $0. 9 billion Ve nezuela, Peru Guyana, Saint Kitts, Nevis, Saint Vincent and the Grenadines, Cuba Jamaica, Costa Rica, Ecuador, Turks and Caicos Islands, Belize, Guatemala, Nicaragua, Curacao, Saint Lucia, Curacao, Antigua Less than Turks and Caicos Islands, Aruba, and Barbuda, Grenada, Dominica, $0. 1 billion Belize, Sint Maarten, Honduras, Anguilla, Montserrat, Sint Maarten, Suriname, Uruguay, Dominican Suriname Republic, Barbados, Brazil a Economies are listed according to the magnitude of their FDI flows. Mexico Chile Colombia Cayman Islands 70 0 10 20 30 40Colombia 0 10 20 30 40 2011 2010 50 60 2011 2010 50 60 70 Fig. B – LAC FDI in ows Figure B. FDI inflows, 2005–2011 (Billions of dollars) 220 200 180 160 140 120 100 80 60 40 20 0 Fig. C – LAC FDI out ows Figure C. FDI outflows, 2005–2011 (Billions of dollars) 120 100 80 60 40 20 0 2005 Share in world total 5. 0 2006 5. 6 2007 3. 6 2008 4. 9 2009 4. 6 2010 8. 3 2011 5. 9 Caribbean Central America South America Carib bean Central America South America 2005 8. 0 2006 6. 7 2007 8. 7 2008 11. 7 2009 12. 5 2010 14. 3 2011 14. 2 Table B. Cross-border M by industry, 2010–2011 (Millions of dollars) Sector/industryTotal Primary Mining, quarrying and petroleum Manufacturing Food, beverages and tobacco Textiles, clothing and leather Wood and wood products Electrical and electronic equipment Services Construction Transport, storage and communications Business services Community, social and personal service activities Table C. Cross-border M by region/country, 2010–2011 (Millions of dollars) Region/country World Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies 8 414 12 376 11 898 7 398 5 878 50 84 1 742 8 640 18 2 409 2 438 217 Sales 2010 2011 20 689 6 409 6 249 2 766 7 638 119 216 683 11 514 1 417 3 523 1 415 2 565 15 831 2 077 1 981 4 700 2 825 – 598 69 9 055 49 263 1 070 1 220 Purchases 2010 2011 18 659 – 650 – 745 6 035 2 213 425 122 16 13 274 826 6 123 – 272 4 28 414 2 744 – 285 – 395 4 907 – 1 483 24 741 – 75 14 664 5 460 4 692 -3 Sales 2010 2011 20 689 908 – 12 191 – 3 497 10 946 5 649 17 585 9 311 180 147 7 983 2 119 15 831 12 036 2 905 4 719 125 4 287 3 951 – 84 79 – 735 4 692 – 156 Purchases 2010 2011 8 659 9 173 1 752 5 402 2 019 8 157 -5 159 3 18 7 983 1 329 Table D. Greenfield FDI projects by industry, 2010–2011 (Millions of dollars) Sector/industry Total Primary Mining, quarrying and petroleum Manufacturing Food, beverages and tobacco Rubber and plastic products Metals and metal products Motor vehicles and other transport equipment Services Electricity, gas and water Transport, storage and communications Finance Business services Table E. Greenfield FDI projects by region/country, 2010–2011 (Millio ns of dollars) 20 655 2 300 2 300 7 674 1 197 170 1 769 250 10 681 156 3 678 1 290 5 117LAC as destination 120 113 17 234 17 234 68 900 6 258 4 541 20 242 14 774 33 979 9 518 9 916 2 892 7 291 2010 138 680 21 481 21 446 59 166 10 632 3 424 15 233 15 977 58 034 11 989 20 643 2 786 20 557 2011 LAC as investors 21 754 7 429 7 418 8 373 2 038 3 050 678 360 5 952 1 688 1 424 1 392 410 2010 2011 Partner region/economy World Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies LAC as destination 20 113 94 771 50 871 21 217 6 585 16 098 23 324 503 9 556 566 836 11 864 2 018 2010 138 680 112 431 57 462 29 109 9 945 15 915 25 880 1 167 8 950 598 699 14 466 370 2011 LAC as investors 21 754 5 200 1 132 566 46 3 456 16 544 809 2 531 826 513 11 864 10 2010 20 655 3 499 1 319 2 038 93 49 17 156 1 774 675 64 178 14 466 – 2011 CHAPTER II Re gional Trends in FDI 53 South America is the main driver of FDI growth to the region. FDI flows to Latin America and the Caribbean increased by 16 per cent to a record $217 billion in 2011, driven mainly by increasing inflows to South America (up 34 per cent).Inflows to Central America and the Caribbean, excluding offshore financial centres, increased by 4 per cent, while those to the offshore financial centres registered a 4 per cent decrease. The high growth of FDI in South America was mainly due to its expanding consumer markets, high growth rates and natural-resource endowment. In 2011 Brazil remained by far the largest FDI target, with inflows increasing by 37 per cent to $67 billion – 55 per cent of the total in South America and 31 per cent of the total in the region.The size of Brazil’s domestic market explains its attractiveness, as does its strategic position in South America, which brings within easy reach other emerging and fast-growing markets, such as Arg entina, Chile, Colombia and Peru. Another important driver for FDI growth to South America has been the relatively high rate of return on investments in the region. Since 2003, South American countries have witnessed significant growth of income on FDI: from an annual average of $11 billion during 1994–2002, equivalent to 0. 84 per cent of the subregion’s GDP, to an annual average of $60 billion during 2003–2011, equivalent to 2. 4 per cent of GDP. In 2011, FDI income increased another 17 per cent, reaching $95 billion. 12 The rise in FDI income during the 2000s, in parallel with the increase in FDI stock (a nine-fold increase between 1994 and 2011) and share in GDP (from 11 to 28 per cent share in current GDP), was in part driven by increased investment in extractive industries, which have enjoyed high profitability and have attracted a significant part of FDI inflows since the commodity price boom. For example, in Chile this industry accounted for 43 per cent of