Assignment 9 Essay Example | Topics and Well Written Essays - 750 words

Assignment 9 - Essay Example Firstly, with regards to the RIAA, it comes as this prize that this group fundamentally reject any form of copyright infringement and/work piracy. The most obvious reason and rationale behind this is with regards fact that the that the RIAA represents a massive number of entities that derive their profitability the fact that individuals legally acquire the products and services that they offer. However, instead of directly discussing the level of financial harm that this does to the RIAA and its bottom line, the website promotes an understanding of the fact that the individual who engages in copyright infringement and/work piracy is directly hurting the individual artist at the very lowest levels of their organization. This commons as somewhat of a surprise due to the fact that the major record companies generally cell a new CD for approximately $15-$16. Of this $15-$16, the individual artist is only receiving approximately $1.60 per records sold. As can be seen, this 10% is negligib le in terms of damages effected upon the artist himself/herself. This is of course not say that copyright infringement work high receipt has little to no effect upon the artist; however, it does help to underscore a level of understanding with regards to why the RIAA is so flagrantly and aggressively advocating the loss of profits that such a process entails. Comparatively, groups such as Piratbyran seek to promote a world in which a free flow of information is both possible and realized. Within groups such as Piraybyran, individuals believe that an alternative method of economics can readily exist that would help to connect the potential user directly to the artist thereby maximizing profitability for the one should be most rewarded and gutting the middleman out of the process entirely. Moreover, the rationale and logic of the particular position that such a group supports is with respect to an understanding that that in and of itself represents a situation in which a good is taken ceases to exist within the possession of the original holder. However, with regards to software piracy and copyright infringement, merely a copy is passed on to another individual with the primary good still being within control of the original holder; thereby signifying that no such that has taken place top Although both of these viewpoints represent reasonable approaches to the issue of copyright infringement in the way in which the world will continue to develop, it is the belief of this author that a middle ground necessarily exists. Seizing upon this middle ground, firms such as Apple and a litany of others have begun offering services such as iTunes which allow individual consumers to directly download content to their personal devices without being charged exorbitant fees they might be charged within a traditional brick and mortar store. In such a way, not only is the individual able to have access to electronic content with a mere click of the mouse, the artist is also able to derive a higher degree of profitability from their output as compared to traditional record releases that it defined so much of the past several decades. Finally, it must be understood that the moral high ground that the RIAA is seeking to take is something much less noble than it claims to

Multimedia Creative Project Assignment Example | Topics and Well Written Essays - 500 words

Multimedia Creative Project - Assignment Example According to Richard Louv’s ‘The Nature Principle’ he tells of how the  entire  family and whole societies can get happier, smarter and healthier through more encounters with the natural world (Louv 10). In this project, one out of his ten reasons why children and adults need vitamin-N is analyzed. The reason I chose is ‘Nature can reduce depression and improve psychological well-being (5).’ Scientists in Sweden have discovered that joggers who practice in natural green environments feel more reinstated and less angry, anxious, or depressed than individuals who burn the similar amount of calories exercising in a constructed urban setting (Louv 10). The reason I pick this reason is that in my video I experienced what the Louv’s discusses. When I was along the road in between the vegetations I felt restored and breathe fresh air that made cycling very enjoyable. The environment was green and lovely thus a place to reduce depression and improv es psychological health. However, a long the town center it was dull, congested and no fresh air (Louv 10). This is an indication that doing exercise within the town is less enjoyable, cannot reduce depression or improve psychological well-being. Researchers have developed models that can be used to associate human and nature. One of those models is HANDY (Human And Nature DYnamics) (Haila 100). This was originally constructed on the basis of predator-prey framework or model. Here the human population is taken as the predator, while nature, the natural possessions of the adjacent environment, can be seen as the prey, exhausted by humans. In animal frameworks, carrying capability is an upper limit on long-term population. The moment the population exceeds the carrying capacity, phenomenon such as migration or starvation bring the population back off (Haila 100). . However, in the circumstance of human communities, the inhabitants does not

MGT506 - Strategic Leadership, Mod 1 Case Assignment Essay

MGT506 - Strategic Leadership, Mod 1 Case Assignment - Essay Example Davis (2013) explained that business analytics is instrument to achieve objectives which transformed information as data to leverage in business competition. Admittedly, they have spent tremendous amount of obtaining invaluable assets and in developing storage or database to save essential uncovered insights as knowledge-base that can be useful, for instance, in social network analysis and in behavioural studies at multiple levels (Davis, 2013). This may include concerns on retail pricing, portfolio analysis, risks positions, banking or finance management, and the empirical demand of the market based on considered demography and customer needs (Davis, 2013). This expertise on business analytics is also provided as consultancy service to pharmaceuticals, industries, companies and institutions seeking expert consultancy on organizational capacity management (Davis, 2013). In a cursory look into the organization’s performance, it is driven to empower clients using advanced analyt ics for organizations to make use of its internal database to improve its competence, performance, financials, and its quest for meaningful innovative information (Davis, 2013). Through this, clients are inspired to make fact-based decision-making to generate great impact (SAS Inc., 2012). The company also partner with clients in all development process to ensure that they are able to generate maximum satisfaction of relevant services (SAS Inc., 2012). Such commitment target at getting shared outcome. The organization used creative capital for high performance analytics and client empowerment. This process is undertaken by optimizing technology in resolving problems on financial services, pharmaceutical market development, nurturing retail business opportunities, valuing customer relations, business risk management, optimizing information technology networks with cross-functional solutions via information management, analytics and business intelligence (SAS Inc., 2012). SAS services are rendered to 60,000 sites over 135 countries which include 90 of top companies of on the 2011 Fortune Global 500Â ® list (SAS Inc., 2012). The company has been an avid service provider on customer intelligence, improving governance, IT performance management, retail and supply chain in the manufacturing industry, product marketing, pricing and packaging, banking, insurance, risk management, Saas, business analytics, business intelligence, performance management, communications, health and life sciences, data integration, information management, alliances and channels, and relations (SAS.com. 2013). As of these days, it has developed 903 companies in partnerships and alliances based on its online directory (SAS.com, 2013). The success of this organization is obviously attained because they have clear vision, mission, goals, and sustained good relationship with its clienteles. They see tangible results of the SAS’s software and services (SAS.com, 2013). Their systems are m atched with mixture of transformational and transactional leadership that are applied in managing in its operation, in relating to customers, and in managing its human resources. CNNMoney (2012)

Unconscionable contract Essay Example | Topics and Well Written Essays - 250 words

Unconscionable contract - Essay Example In the case at bar, Amy, who was a college student, was led to believe by the salesman that the home theater system, Alpo Model XL2, costs $3,000, when in truth and in fact, the actual standard cost of the theater system is only $1,000. The price given by the salesman was two times higher than the prevailing standard cash market price of the item bought by the buyer. Hence, the â€Å"rent-to-own† contract signed by Amy is considered unconscionable. Under the law, Amy has the remedy to demand the return of the excess $2,000 since the contract price is unconscionable, excessive and unfair on her part. Here, the salesman acted in bad faith at the time of the signing of the â€Å"rent-to-own† contract. Therefore, in order to cure the damage caused to the buyer, Amy can go to court and have the contract declared as unconscionable and oppressive, since there was a violation on the part of the salesman to fulfill his obligation in good faith in accordance with their contract.

Rugby player Essay Example for Free

Rugby player Essay I will be using circuit training as my method of exercise. I feel that this type of training will give me best results on the areas of fitness I want to improve. Because circuit training has different stations, different aspects of fitness can be worked on e. g. one station could be weight lifting, improving muscular strength, and another could be an agility run. This way I can work on different aspects of my fitness in one session. Also the type of exercising I will be doing is perfect for what I am trying to achieve. I can change the level of work load very easily with circuit training, because I am not following to a specific program. I will constantly change the amount of work and the intensity I will do, so I keep improving. I play a lot of rugby and in the last year I have moved up from under 16s to Colts, which is under 17s, 18s and 19s. The jump in age has been quite a shock, not only am I trying to keep my position as outside centre, the opposition are nearly twice the size of me! Last year I was considered one of the quickest and fairly strong and powerful, now that Im playing against 19 year olds; my advantage doesnt seem as great anymore. I feel that if I were to increase my strength and agility a bit then the gap between me and the opposition would be smaller, or in some cases be to my advantage. Another issue is safety; I weigh 12 stone and I am six foot, some opposition are six foot six and weigh 16 stone! I havent got that amount of strength to handle that amount of weight, especially in a game like rugby. So increasing my strength will hopefully make the game a bit safer for me, increasing endurance will mean I can perform longer, and increasing my agility would hopefully mean that I dont get tackled as much! My program will hopefully reduce my chances of getting injured, however I need to be safe and not injury myself whilst performing my program. That is why it is very important to warm up well before I actually start training. The benefits of a thorough warm-up are: My warm up will consist of a light jog around the gym for about 3 minutes, to loosen my muscles and start to get blood pumping quicker around my body. I will then perform a series of stretches on my legs, working up my body systematically. When stretching I will hold the stretch for at least 10-15 seconds, it is also important not to bounce when stretching as this can cause muscle tear. The stretches are as follow: I have chosen to do this particular warm-up as I feel that it will be sufficient, and it isnt very time consuming. After I have performed my training, I will do the same routine as the warm-up for a cool-down. The benefits of a cool down are that it helps to remove any excess lactic acid present in the blood. Lactic acid is produced in anaerobic exercise, and causes your muscles to stiffen after youve finished exercising. A cool-down brings more oxygen into the blood, so that the lactic acid can be removed quicker. Another safety issue is the equipment and how it is setup. I have been shown how to setup equipment properly. I have chosen to use simple equipment, so I can perform the program at home as well as at school. By using lighter weights, but heavy enough to be overloading, will reduce the chances of damaging my muscles or tendons. The only trouble with using lighter weights is that it works on muscular endurance rather than strength. Weight lifters lift weights so heavy that they can only do about 5 reps before having to stop. If I were to lift such a weight (in comparison to more body size) I would be very liable to injuring myself, because Im not yet fully grown. I will lift weights so I can perform about 15 reps, this I think will be working both endurance and strength. Men are stronger than women and there build allows them to train harder, so a woman would use even lighter weights. There are many ways in which people can train to improve their fitness. I will be using the principles of training- F. I. T. T and P. R. O. S to get the most out of my program. Frequency I will try to perform 2-3 sessions a week, I dont have much time to spare but that is why I chose a circuit that I can perform at home without the need of any special equipment. Intensity How hard I should work when exercising. This is the most variable aspect of training. One session you can work really hard and get a lot out of it, but you can also do the exact same thing and not work as hard and get nothing from it. I will work at an intensity that I feel I will be able to last two laps, and feel as if I have worked hard. Time This relates to the amount of time you spend doing an activity. This is quite important because if I wanted to work on my anaerobic system, then time monitoring would be essential. This will be the variable I will be changing if I feel I need to overload more.

Reflection on Pregnancy and Childbirth

Reflection on Pregnancy and Childbirth Explain Why the Critical Factors Influencing the Course of Pregnancy Including Several Dimensions such as Social, Biological and Psychological Factors The period in the uterus before conception is a standout amongst the most pivotal stages in an individual lifes compass. Throughout the normal 280 day period, organic establishments are made that will impact a great part of the person’s developmental potential over his or her lifetime. Guaranteeing a great starting for a youngster is basic throughout this period of human advancement. Fables about pregnancy empowered the conviction that very nearly everything a pregnant lady would eventually influence the creating kid. Physical absconds in an infant were accepted to be brought about by maternal encounters. Case in point: pigmentations were thought to come about because of the mother spilling wine or consuming an excess of strawberries throughout pregnancy. It was accepted that if a pregnant lady read a considerable measure of established writing, the kid would have solid abstract propensities. these illustration represents the conviction that arbitrary occasions could for all time impact the unborn kid, which put lost blame upon the mother if something happened throughout pregnancy (Ventura, et al 2011). Explain Why Prenatal Care Includes Planning For The Pregnancy Before Conception And Describe Aspects To Be Considered In This Planning Process. Before advanced medication, numerous moms and their children did not survive pregnancy and labour. Today, great pre-birth forethought can altogether enhance the nature of the pregnancy and the result for the child and mother (Forray, et al 2010). Great pre-birth forethought incorporates: Great sustenance and wellbeing propensities before and throughout pregnancy Successive pre-birth exams Routine ultrasounds to locate issues with the child Routine screening for: Pulse issues Blood classification issues (Rh and ABO) Diabetes Hereditary issue Invulnerability to German measles (rubella) Sexually transmitted contaminations Urine protein Ladies who plan to proceed with a pregnancy to term need to pick a social insurance supplier who will give pre-birth consideration, conveyance, and baby blues administrations. Family human services suppliers or maternity specialists can help you in the event that you have an ordinary pregnancy and conveyance. Anyway if there is an issue, your specialist will elude you to a master (Athukorala, et al 2010). The objectives of pre-birth forethought are to: Screen both the mother and child all through the pregnancy Search for changes that may prompt a high-hazard pregnancy Clarify nourishing necessities throughout and after pregnancy Clarify movement suggestions or limitations Examine normal pregnancy grumblings, for example, morning ailment, spinal pains, leg ache, incessant pee, blockage, and acid reflux and how to oversee them, ideally without prescriptions Offer backing to the pregnant lady and her gang Describe the current trends in childbirth management and why they have signifiÂÂ ­cantly reduced birth trauma, as well as infant and mother mortality. The support of maternal self-consideration, including the usage of satisfactory sustenance, activity, stress administration, and shirking f medications will have a positive result the diminishment of the case of conception trauma. The utilization of conception office that the mother is agreeable with and planning conception arrangement will comfort the mother. Safe parenthood starts before origination with great sustenance and a sound lifestyle. It proceeds with proper pre-birth mind and forestalling issues on the off chance that they emerge. The perfect result is a full-term pregnancy without unnecessary intercessions, the conveyance of a sound infant, and a solid baby blues period in a positive environment that backing the physical and passionate needs of the mother, child, and gang. Pregnancy and labour have an enormous effect on the physical, mental, passionate, and socioeconomic strength of ladies and their families. Pregnancy-related wellbeing results are affected by a ladys wellbeing and different components like race, ethnicity, age, and salary (Forray, et al 2010). Explain some of the contributing factors as to why some mother do not access medical support during prenatal and perinatal care Unintended pregnancy blocks assumption guiding, and predisposition mind, and deferrals start of pre-birth mind. In unintended pregnancies, pre-birth consideration is start later, and is less sufficient. This unfavourably influences wellbeing of lady and of tyke, and the lady is less planning for parenthood. Delay from unintended pregnancy is notwithstanding that from other danger components for deferral. Ladies with fewer than 12 years of training are at high danger of underutilizing or needing access to satisfactory pre-birth forethought administrations. Generally, Black and Hispanic pregnant ladies have fewer years of formal instruction, which starts a domino impact of outcomes identified with pre-birth mind. An absence of formal training brings about less learning about pregnancy proper pre-birth human services all in all, fewer openings for work, and an easier level of wage all through their grown-up life (Ventura, et al 2011). Explain The Emotional Consideration Accompanying Pregnancy And Childbirth Bringing an infant into the world could be a passionate thrill ride. Throughout the nine months of pregnancy, sentiments can wax and fade between fervour, happiness, apprehension, and dissatisfaction. At last, for most ladies it is a superb or in any event, a remunerating, knowledge. Notwithstanding, how youll feel throughout pregnancy is one and only part of deduction things through precisely before getting pregnant. The choice to bring a kid into the world is one that requires deliberately attention, with the full aim to recognize all the obligations that this accompanies(Athukorala, et al 2010). Describe The Effect Of Public Awareness Regarding Postpartum Depression And Sudden Infant Death Syndrome And How These Issues Are Currently Addressed? Anticipation endeavours are pointed atevaluating ladies for danger elements and interceding right on time to diminish the risk of PPD and other negative wellbeing conclusions. The American Congress of Obstetricians and Gynaecologists (ACOG) prescribes screening for IPV as a component of routine forethought, and ACOGs Committee on Health Care for Underserved Women issued an announcement in 2006 underwriting screening of IPV as a major aspect of exhaustive pre-birth mind in light of the high predominance and unfavourable wellbeing conclusions of roughness. The ACOG additionally proposes the utilization of accepted screening devices for PPD in perinatal human services visits, and the American Academy of Paediatrics (AAP) prescribes widespread screening of PPD after conveyance (Forray, et al 2010). References Athukorala, C., Rumbold, A. R., Willson, K. J., Crowther, C. A. (2010).The risk of adverse pregnancy outcomes in women who are overweight or obese.BMC pregnancy and childbirth, 10(1), 56. Retrieved: http://www.biomedcentral.com/1471-2393/10/56/ Forray, A., Focseneanu, M., Pittman, B., McDougle, C. J., Epperson, C. N. (2010).Onset and exacerbation of obsessive-compulsive disorder in pregnancy and the postpartum period.The Journal of clinical psychiatry, 71(8), 1061-1068. Retrieved: http://europepmc.org/abstract/MED/20492843 Ventura, S. J., Mathews, T. J., Hamilton, B. E., Sutton, P. D., Abma, J. C. (2011). Adolescent pregnancy and childbirth—United States, 1991–2008. CDC Health Disparities and Inequalities Report—United States, 2011, 60, 105. Retrieved: http://www.naddssw.org/pages/wp-content/uploads/2011/09/MMWR-health-disparities-Report-2011.pdf#page=107

Impact of FDI on the growth rates in agriculture in India

Impact of FDI on the growth rates in agriculture in India Abstract Foreign direct investment (FDI) is taken as one of the key factor of rapid economic growth and development. FDI, it is believed to stimulate domestic investment, human capital, and transfers technology. It is associated qualities which causes the faster economic development in the host countries. India, for instance was one of the poorest economies after the post independence era, but yet achieved economic growth with substantial amount of FDI inflows and become one of the fastest emerging economies in the world in a half century and witnessed unprecedented levels of economic expansion, along with countries like China, Russia, Mexico and Brazil. This paper evaluates the impact of FDI in Indias economic growth employing macro economic time series data from 2000-2010 on the growth of Agricultural, Manufacturing and Service sectors of the Indian economy as well as the economy as a whole. This study uses the endogenous growth model to explore the role of FDI in economic growth. The role of FDI in economic growth is not statistically significant; however, the interaction between FDI and human capital, export and domestic capital is of utmost importance. This study supports the findings of Laura Alfaro (2003) in the study of which shows that the benefits of FDI vary greatly across sectors by examining the effect of foreign direct investment on growth in the primary, manufacturing, and services sectors. Objective: The objective of this study is to compare the difference in growth rates among the Agricultural, Manufacturing and Service Sectors of the Indian Economy due to the uneven flow of Foreign Direct Investment in these sectors. The research work also aims at analysing the growth of Indian economy from 2000 to 2010 based the inflows of Foreign Direct Investment and the factors such as Government Spending, Inflation, GDP Per capita, Trade Openness and Human Capital Formation affecting it. Introduction: The United Nations 1999 World Investment Report defines FDI as an investment involving a long term relationship and reflecting a lasting interest and control of a resident entity in one economy (foreign direct investor or parent enterprise) in an enterprise resident in an economy other than that of the foreign direct investor ( FDI enterprise, affiliate enterprise or foreign affiliate). In the recent years, Foreign Direct Investment (FDI) policies have become one of the central economic policies for the developing countries, learned from the experiences of newly industrialised countries (NICs) like South Korea, Singapore, Hong Kong and Taiwan which promoted FDI as the catalyst of rapid economic growth in the early stages of their economic development. Empirical studies on the impact of FDI on economic growth have shown positive impact in the host countries. Hence, it has become an area of great interest with empirical determinants of policy implications for enhanced FDI inflows and the mechanism through which it facilitates growth and structural change in recipient countries. The role of FDI in economic growth in the developing countries is that FDI generate more benefits to the recipient countries rather than just full filling the short-term capital deficiency problems. Transfer of technologies and its spill over effect to the local firms will make the local firms more competitive and high standards which is necessary to compete with the foreign products. Another, spill over effect of MNEs is that MNEs may provide training and labour management which may make them available to the economy in general. The training to local suppliers by MNEs may increase the high standard production and managerial standards. The relationship between foreign direct investment and economic growth is one of the well studied subjects in the field of development economics. Especially, after the advent of endogenous growth model (Borenzteins, et al, 1995, Balasubramanyam, et al, 1996) made this relationship more vital for long run economic growth. The research interest in this field has increased after 1990s wave of globalisation and massively increased FDI across the globe and economic growth of FDI receiving countries. According to UNCTAD (2009) foreign direct investment has potential to generate employment, raise productivity, transfer skills and technology, enhance export and continue to the long term economic development of the worlds developing countries. FDI is also the largest source of external financing for developing countries. Foreign Direct Investment is directly linked to the international trade of the country which provides the opportunities to integrate the local economy with the world economy. Enormous literatures on significance of FDI has shown positive role in the economic growth (Borenztein, et al 1995, De Mello, 1996 and Balasubramanyam, 1996). However, there are controversies as some academics argue that the relationship between FDI and growth is non-linear. This is a complex issue whether FDI cause growth or growth causes the increase of FDI. Multinational companies go across the world with the objectives maximizing profits. Hence, countries are providing most suitable investment environment to MNEs to attract the investment. Policy reforms, political stability, domestic growths, increased domestic entrepreneurial skills might cause to grow the FDI in host countries. Inflows of FDI can be important vehicle for technological change and human capital. Blomstrom et al (1994, 1996) emphasized FDI that induced human capital augmentation and economic growth by the help of the technology transfer, accumulation of human capital and knowledge spill over in the FDI receiving countries. There are two ways to deliver goods and services to foreign markets: international production and trade. This means that there should be some interrelationship between the two. This is confirmed by the positive correlation between world Foreign Direct Investment (FDI) and world exports. Thus, economic growth and trade and investments are interconnected. Foreign Direct Investment and Economic Growth Foreign Direct Investment plays important role in economic growth as FDI not only increase the capital stock in the country but also brings the technology which increases the productivity of the resources. The massive increase in FDI in India from 1990 to 2010 raises important queries about the possible impact of FDI in economic growth. The studies of Borenzstein et al. (1995) and Balasubramaniyam, et al. (1996) demonstrate that FDI induces human capital and transfer technologies and this spillover effect of knowledge lead the economic growth in the host countries. They argue that the effect of FDI remains permanent in the host country because of the development in the infrastructures of the host country. Therefore, there exist the long rung relationship between level of GDP and foreign capital stock. Depicted below are the trends in FDI, GDP and Inflation in the post liberalisation period in India. Source: http://www.tradingeconomics.com/ Source: http://www.tradingeconomics.com/ Source: http://www.tradingeconomics.com/ The cumulative effect of FDI,GDP and Inflation factors determine the growth of an economy. The sectoral breakup of flow of FDI in India is as follows: Source: Adapted from the data given on http://www.indiaonestop.com/FDI/sectorwisefdiinflows%282000-2009%29.htm Hence it is clear that the major share of FDI flows into the Service Sector. The share of each of the sectors in GDP is as below: Source: Adapted from the data given on http://business.mapsofindia.com/india-gdp/sectorwise/ It is clear from the above two depictions that the service sector has majority share in GDP as well as FDI, followed by Manufacturing and then Agriculture. The research aims at comparing the difference in growth rates of these sectors due to the flow of FDI. Current state of the literature related to the proposed topic: Economic policymakers in most countries go out of their way to attract foreign direct investment (FDI). A high level of FDI inflows is an affirmation of the economic policies that the policymakers have been implementing as well as a stamp of approval of the future economic health of that particular country. There is clearly an intense global competition for FDI. India, for its part, has set up the India Brand Equity Foundation to try and attract that elusive FDI dollar. According to UNCTAD (2010), India has emerged as the second most attractive destination for FDI after China and ahead of the US, Russia and Brazil. While there is an intense global race for FDI, how important is FDI to a countrys economic growth? It is certainly a difficult ask to separate and quantify the complex package of resources that FDI confer to the host country. There have been a number of macro studies attempting to determine the nexus between FDI and growth. The massive literature on role of FDI on economic growth has shown various types of affects (positive, negative or insignificant) of FDI in various countries. This study aims to explore the impact of FDI on the growth rates of sectors in Indian economy. Berry and Kearney(2006) the most common character through which spillover are understood to operate include technology transfer, demonstration effects (through management skills and training to export) and greater competition(leading to productive efficiency). A significant presence of MNEs can bring about fundamental changes in industrial structure, particularly for smaller and medium sized countries. If foreign MNEs operate in sectors that are imperfectly correlated with those dominated by indigenous firms, FDI can help create a better diversified economy. Chung et al (2003) Technology transfer occurs when there is contact between foreign and local firms. Japanese auto transplants increased production process in North American significantly influenced the industrys productivity growth during this period (1982-1991). Caves (1974) argued that FDI also improves the allocative and technical efficiency through competitive pressure. Foreign entrants break down entry barriers, compete for factor inputs and customers and reduce the market power of entrenched firms. Zhang et al (2004) studied on impact of MNEs behavior through FDI on international trade and vice versa. They used Granger causality co integration approach to observe the direction of FDI and trade linkage of Chinese economy in 1980- 2003 period. They found that more imports lead higher level of FDI, more FDI leads to more exports and more exports FDI. This virtuous process reflects Chinas open door policy. Chakraborty and Basu (2002) study showed two-way link between foreign direct investment and growth for India using structural co integration model with victor error correction mechanism. They found strong evidence of GDP Granger causing FDI flows for India, there was not significant role in the short run adjustment process of GDP. Short-run increase in FDI flows for India is labor displacing in nature. The technology transfer brought in by FDI causes an excess supply of labour creating downward pressure on unit labor cost. Borenzstein et al (1995) introduced a new model showing the impact of FDI in economic growth using an endogenous model growth model. They analyzed FDI flows from industrialized countries to 69 developing countries during 1970-1989. They argued that due to the direct FDI there is increase in capital accumulation and in host countries and transfer of technology lead increases productivity which causes the economic growth of the host countries. Their result showed that FDI is an important vehicle of technology transfer, contributing more economic growth than domestic investment where they make a case of minimum threshold stock of human capital necessary to absorb foreign technologies and linkage between FDI and human capital and domestic investment are crucial to achieve the economic growth. Other subsequent studies by Subramanyam et al., (1996) within the growth theory frame work analyzed the role of FDI in growth process in the context of 46 developing countries with different trade p olicy regimes. From their cross-sectional panel data analysis, they found that countries that pursue all outwardly oriented trade policies are strongly benefited from FDI than those countries adopting an inward oriented policy. De Mello (1996) based on neoclassical approach argue that FDI affects only level of income and leaves long run growth unchanged. They argue that technological progression and other external factors main source of economic growth. Their argument is that long-run growth arises because of technological progress and population growths both were exogenous. Hence, according to neoclassical models of economic growth, FDI will only be growth advancing if it affects technology positively and permanently. Endogenous growth theorists believe that economic growth is generated from within a system as a direct result of internal process. Aghoin and Howitt(1998) the enhancement of nations human capital by investing more on human capital formation would lead to faster economic growth. The recent endogenous models show that FDI can affect growth endogenously growth models if it generates increasing returns in production via externalities and spillover effects Deme and Graddy (2006). In these models, FDI is considered to be an important source of human capital and technological diffusion. According to Romers (1990) endogenous growth model; growth is driven by technological change from intentional investment made by profit maximizing firms. He argues that stock of human capital determines the rate of growth. In his view, there is increasing returns scale (IRS) in aggregate level where as constant returns to scale (CRS) in the firm level and firms dont take account of spillover effect of externalities but economy as a whole experiences the increasing returns to scale which causes the endogenous growth. Endogenous growth theoreticians FDI and trade stimulate the technological diffusion and contribute economic growth. Barell and Pain (1996) studied the econometric model of foreign direct investment and examined the extent to which the model explain the level of outward direct investment by U.S companies over last two decades. Their analysis show that market size and factor cost, both labor and capital are important factors in the investment decision because MNEs are trying to maximize the value of the firm by allocating the resources in right place. Feder et al. (1983) analyzed export-led economic growth hypothesis. They argued that exports increase factor productivity because of the better utilization of resources and economies of scale. Some economists argue that open trade policies foster FDI because of the conducive economic climate for the MNEs. In this regard, Rodrizguez and Rodrik (1999) presented a skeptical view by linking between opentrade policies and economic growth. They argue that previous studies didnt consider the institutional differences among countries in an upwardly biased estimate of trade and other policy restrictions. Their analysis showed that the relationship between average tariff rates and economic growth is only slightly negative and nowhere near statistical significance. The issue whether FDI and trade trigger economic growth or economic development attracts FDI and trade is unsolved (Makki and Samwaru, 2004) since past studies were one sided i.e. analyzed the impact of FDI and trade on economic growth (Borensztein et al, 1995 and Balasubramanyam et al, 1996) or analyzed the effect of economic growth on FDI (Barrel et al, 1996). The recent study on role of FDI in economic by Kim and Hwang (2000) focused on spillover effects in different six sub sectors. They examine the effects by using random effects model employing the annual data for the period of 1970. They find that FDI played a negligible role through out Koreas economic development. Despite the quantitative insignificance of FDI, they accepted the qualitative role of FDI on Korean economy by knowledge spillover from foreign firms. Dhakal et al. (2007) conducted a research on relationship between FDI and economic growth using granger causality test for 9 Asian countries where they find there is no direct causal relationship in two countries, causality ran from growth to FDI in 5 countries including South Korea and causality ran from both sides in two countries. Kim and Seo (2003) analysed the dynamic relationship between FDI and economic growth and domestic investment in Korea for the period of 195-1999 using vector auto regression model. They found that there some positive effects of FDI on economic growth but insignificant. However, their findings show that domestic investments negatively affected by FDI shock, and FDI does not crowd out domestic investment in Korea. In a recent survey of the literature, Hanson (2001) argues that evidence that FDI generates positive spillovers for host countries is weak. In a review of micro data on spillovers from foreign-owned to domestically owned firms, Gorg and Greenwood (2002) conclude that the effects are mostly negative. Lipsey (2002) takes a more favorable view from reviewing the micro literature and argues that there is evidence of positive effects. Surveying the macro empirical research led Lipsey to conclude, however, that there is no consistent relation between the size of inward FDI stocks or flows relative to GDP and growth. He further argues that there is need for more consideration of the different circumstances that obstruct or promote spillovers. This study revisits the FDI and economic growth relationship by examining the role FDI inflows play in promoting growth in the main economic sectors, namely Agricultural, manufacturing, and services. Often-mentioned benefits, such as transfers of technology and management know-how, introduction of new processes, and employee training tend to relate to the manufacturing sector rather than the agriculture or mining sectors. For example, the theoretical work of Findlay (1978) and Wang and Bloomstrom (1992) that models the importance of FDI as a conduit for transferring technology, relates to the foreign investment inflows to manufacturing or service. He warned that in the absence of linkages, foreign investments could have limited effect in spurring growth in an economy. About the consequences in potential linkages effects differences in manufacturing and agriculture, Hirschman (1958:110) wrote, the absence of direct linkage effects of primary production lends these views (enclaves) a plausibility that they do no have in the case of foreign investment in manufacturing. More recently, the theoretical work on linkages, by Rodiguez-Clare (1996), shows that multinationals intensive use of intermediate goods enhances production efficiency in host economies. In this framework, increased demand for inputs leads to a positive externality to other producers owing to an increase in variety. Greater varieties of inputs, however, seem to be more relevant to the manufacturing than to the agricultural sector. In addition, FDIs potential to create linkages to domestic firms, as Albert Hirschman (1958) described in his seminal book on economic development, might also vary across sectors. Hirschman (1958:109) emphasized that not all sectors have the same potential to absorb foreign technology or to create linkages with the rest of the economy. He noted, for example, linkages are weak in agriculture and mining. However, seem to be more relevant to the manufacturing than to the agricultural sector. Markusen and Venables (1999) analyze the effect of foreign firms on the development of domestic firms in the industrial sector. In their model, foreign companies compete with domestic producers while creating additional demand for domestically produced intermediate goods through linkages with local suppliers. This can lead to domestic firms entering into the intermediate goods sector, which can result in lower costs that, reflected in lower final prices that increase demand, can benefit domestic firms producing final goods. Proposed Research Work: Statement of Problem Today, India stands as one of the fastest emerging economies in the world. The country has a land of 3,287,240 Sq Km with 1,188,859,000 populations. India enjoys a per capita income of US $757 (World Bank, 2009) as compared to US $ 318 in the pre liberalisation era. This study explores the role of FDI in this remarkable growth of India as well as the growth of every sector of the Indian economy. FDI has been seen one of the big resources for industrial development in India over the years. FDI stock increased to US $ 34.577 billions in 2009 from US $ 236.690 millions in 1990 (WIR, 2009) and has gained the name of The Asian Tiger. It is interesting to explore the impact of FDI on the rapid growth of Indian economy. Despite the natural resources availability in the country, economic policies and political environment also influence the inflow of foreign investments in the countries. The theoretical concept of impact of FDI is that FDI does not only bring capital but also it brings technology, knowledge and due to the spill over effect development of process remains for the long run. FDI works as the catalyst for the economic growth of a country, especially for the developing countries. FDI is not only a single factor determining the economic growth, rather foreign trade, domestic investment, employment level, government consumption are also major factors affecting growth. On the other hand, stock of human capital is factors determining the level of FDI inflow besides the resources available in the host countries. How the growth is affected by these variables? Does high level of FDI increase the higher level of economic growth? What would be the interaction between FDI and Trade, human capital an d domestic investment? The study examines the effect of this variable in economic growth. Purpose of this study At a theoretical level, FDI brings both capital and technology which makes the local firms more competitive and encourages the economic development in the faster way. The spill over effect of foreign companies will have a long-term effect in the host countries. In the practical level, this study explores the role of FDI in economic growth in India. This study explores, whether FDI plays a role in economic growth or not? Another reason for the study is to compare the rate of growth of the key sectors of the Indian economy. India is able to attract a significant amount of FDI among Asian countries. This study verifies the theoretical model of endogenous growth theory of economic growth by using the macro economic figures of India. The present study examines the empirical assessment of the impact of FDI in difference of growth rates of Agricultural, Manufacturing and Service sectors of India as well as the growth of the economy as a whole over the period of 2000-2010. Scope of the Study Foreign Direct Investment has emerged as a major macro economic indicator of the growth of an economy. In recent years, the Indian Economy has opened up to foreign flows at a tremendous rate. These foreign inflows have contributed to the overall development of the economy in areas like technology, innovations and human capital formation but are being hindered by high rates of inflation, low yields, lack of infrastructure, skilled labour as well as low per capita GDP in various sectors. The study is aimed at analyzing the impact of FDI on the growth in various sectors considering the control factors. The research will also provide insights into the lop-sided flow of FDI in some sectors as compared to others. The impact of flow of FDI on the growth of Indian economy will also be estimated over the period of 10 years from 2000-2010. The study tries to explore the question whether high level of FDI cause higher level of economic growth. Research Methodology This section describes the research methodology of the study which explains the conceptual framework, research design, data collection method and data analysis methods of the study. The main objective of the study is to compare the difference in growth rates among the Agricultural, Manufacturing and Service Sectors of the Indian Economy over the period of 2000 to 2010. India received a huge amount of FDI and achieved high economic growth rate with gradual liberal trade policy regimes. This study analyzes the linkage between FDI and economic growth in India. Conceptual Frame work Basically, the conceptual frame work of the study is derived from the works of Borensztein et al. (1998), Carkovic and Levine (2002), and Alfaro et al. (2003). They have shown the impact of FDI on economic growth in the following linkage. Source: Adapted from How does foreign direct investment affect economic growth? References and further reading may be available for this article. To view references and further reading you must purchase this article. E. Borensztein, J. De Gregorio and J-W. Lee According to their argument, Foreign Direct Investment accelerates capital accumulation in host country by increasing total investment and lowering the cost of innovation and indirectly by crowding in domestic investment and scarce resources of the economy and productivity is enhanced by technology transfer but it is constrained by human capital in the host economy. They argue that FDI develops stock of human capital. There should be a linkage between domestic investment and human capital to achieve the higher productivity. Research Methodology and Model The present study is focused on the compare the difference in growth rates among the Agricultural, Manufacturing and Service Sectors of the Indian Economy over the period of 2000 to 2010. Only secondary data are used for the analysis of the research objectives. The uneven inflow of foreign capital and growth of certain sectors in the economy in India has attracted the research interest on it. This study employs the endogenous growth theory as developed by Balasubramanyam, Salisu and Sapsford, 1996 and Borensztein, Gragorio and Lee 1998. This model assumes that FDI contributes to economic growth directly through new technologies and other inputs as well as indirectly through improving human capital, infrastructure and institutions and countrys level of productivity depends on FDI, trade and domestic investment. The impact of overall FDI inflows on economic growth can be based on the following equation: Growth= ÃŽÂ ²0 + ÃŽÂ ²1 Initial GDP + ÃŽÂ ²2 Controls + ÃŽÂ ²3 FDI + vi Here Growth is the dependent Variable which equals per capita GDP, FDI and the control factors. For most of the variables in the regression, the values represent the average of the period for which sector FDI is available. The variables are determined as follows: Output levels and growth: Output level and growth data reflect the growth of real per capita GDP (in constant 1995 US$). Source: World Bank Development Indicators (2001). Foreign Direct Investment: FDI inflows are generally defined as the measure of the net inflows of investment needed to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI by sector as a % of GDP was used in the regression analysis. Sources: For OECD countries, the International Direct Investment Statistics Year Book (2001); FDI by sector for other countries in the sample was calculated using UNCTADs World Investment Directory (7-volume series 1992-2000). Government Spending: Comprises general government final consumption expenditure as a percentage of GDP. Source: World Bank Development Indicators (2001). Inflation: Percentage changes in the GDP deflator. Source: World Bank Development Indicators (2001). Institutional Quality (INSTQUAL): Institutional Quality is measured as the average of the 12 sub-indices of Political Risk as measured by the International Country Risk Guide: Government Stability, Socio Economic Conditions, Investment Profile, Internal Conflict, External Conflict, Corruption, Military in Politics, Religion in Politics, Law and Order, Ethnic Tensions, Democratic Accountability, and Bureaucracy Quality. Source: International Country Risk Guide (ICRG). Inflation: Percentage changes in the GDP deflator. Source: World Bank Development Indicators (2001). Openness: Trade Openness is defined as the average of exports and imports as a percentage of GDP. Source: World Bank Development Indicators (2001). Private credit (PRCREDBANK): The value of credits by financial intermediaries to the private sector divided by GDP, this variable excludes credits issued by central and development banks and credit to the public sector as well as cross claims of one group of intermediaries on another. Source: Levine et al. (2000). Schooling: Average years of secondary schooling of the total population. Source: Barro and Lee (1996) and World Bank Development Indicators (2001). The same equation can be used to determine the economic growth in each of the sectors of the Indian economy. Based on the results obtained, relevant conclusions can be drawn about the growth rates in the Agricultural, Manufacturing and Service Sectors of the Economy and the difference between them. Analysis of the FDI over the period of 10 years can also be derived by employing the equation to each year. The stock of efficient human capital is required to absorb the technologies brought by FDI and it determines whether the potential spillover effect is realized. The host country requires sufficient number of human capital to utilize the technologies brought by FDI, meaning that higher the level of human capital in the host country, higher the effect of FDI in economic growth of the host country. The study assumes a positive relationship between FDI and GDP growth rate as well as a positive interaction between FDI and human capital in accelerating the economic growth. The issue relating to the interaction between FDI and domestic investment; it is assumed that there is positive interaction between FDI and domestic investment because FDI has is considered as an important medium for transferring capital, technologies and host countries that encourages the domestic investment level. This study uses the time series data for the period of 2000-2010 for the analysis of the objectives and uses the multivariate regression analysis (OLS) for the analysis of data. Data Collection Method and Sources The research is based on Secondary sources of Data Collection. Detailed information on FDI by sector for India is available in OECDs International Direct Investment Statistics Yearbook (2009). The OECD data can be complemented with information obtained from the World Investment Report seven volume series by UNCTAD, each volume of which contains FDI information for countries from different regions (e.g., Asia and the Pacific, Africa, Latin America, and the Caribbean, etc.). The per capita growth rate of output is measured as the growth of real per capita GDP in constant dollars using data from the World Banks World Development Indicators (WDI) (2009). Inflation, measured as the percentage of change in the GDP deflator and used as a proxy for macroeconomic stability, is taken from WDI (2009) as well. In order to capture institutional quality and stability, data from the International Country Risk Guide (ICRG), a m