...boosted the continent’s growth rate but has also generated considerable controversy. In this paper we investigate China’s outward direct investment (ODI) in Africa using macro and micro data. The aggregate data on China’s ODI in African countries reveal that China’s share of the stock of foreign investment is small, though growing rapidly. China’s attraction to resource-rich countries is no different from Western investment. China’s ODI is uncorrelated with a measure of property rights and rule of law, whereas Western investment favors the better governance environments. As a result, Chinese investment in strong and weak governance environments is about the same, but its share of foreign investment is higher in the weak governance states. The micro data that we use is MOFCOM’s database on all Chinese firms investing in Africa between 1998 and 2012. We use key words in project descriptions to code the investments into 25 sectors. This database captures the small and medium private firms investing in Africa. Contrary to common perceptions, there are few projects in natural resource sectors. Most projects are in services, with a significant number in manufacturing as well. In our country-sector-level regressions based on firms’ transaction-level data, we find that Chinese ODI is profit-driven, just like investors from other countries. In particular, our regressions show that Chinese ODI is relatively more concentrated in skillintensive sectors in skill-abundant countries, but in...
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...International Society for the Study of the Lumbar Spine (ISSLS) in Paris. The objects of this article are: To present the various versions of the ODI instrument for comparison ● To review the various efforts that have been made to validate this questionnaire ● To compare the scores obtained in studies of different patient population both before and after treatment ● To review the methodology of outcome measurement ● To consider what is actually measured by this and similar instruments ● Study Design. The Oswestry Disability Index (ODI) has become one of the principal condition-specific outcome measures used in the management of spinal disorders. This review is based on publications using the ODI identified from the authors’ personal databases, the Science Citation Index, and hand searches of Spine and current textbooks of spinal disorders. Objectives. To review the versions of this instrument, document methods by which it has been validated, collate data from scores found in normal and back pain populations, provide curves for power calculations in studies using the ODI, and maintain the ODI as a gold standard outcome measure. Summary of Background Data. It has now been 20 years since its original publication. More than 200 citations exist in the Science Citation Index. The authors have a large correspondence file relating to the ODI, that is cited in most of the large textbooks related to spinal disorders. Methods. All the published versions of the questionnaire were identified...
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...Assignment 2: Lending Institutions, Health Care, and Human Capital Monique Ashley Val Margarit, MA, Ed. S, ABD Sociology 300 December 3, 2013 Abstract This paper is about Nigeria and their health care, lending institutions and human capital. It is how this country can grow because this country is capable of great things. They need help and It seems that they are trying to fix the problems in their country, but it s very hard to climb yourself out of a hole that seems impossible. They need a assistance but the World Bank and IMF see unable to provide the amount of care that they need or give them the financial push that is required to keep their country a float. Lending Institutions, Health Care, and Human Capital Nigeria is a fail state that democracy has been tried in but they failed to miserably because they are so many corrupt officials. (Ditimi & Nowsa, 2011) Now Nigeria is so far in debt it will never be able to climb its way out. (Ditimi & Nowsa, 2011) The need of human capital is apparent because things can’t continue the way they are going and people surviving. (Ditimi & Nowsa 2011) “Not having sustainable development it what is keeping them a third world country and a fail state. (Dauda, 2011) In this regard, policy-makers in conjunction with employers and individuals need up to date information on the real labour market value of different qualifications, in order to help them navigate through the increasingly complex education system...
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...Why do Poverty Reduction Programmes tend not to work out as intended? Discuss in relation to either i) states or ii) civil society organisations (NGOs or social movements or both). Introduction Mass poverty is the single most important economic and social issue on our planet today (Downer, 1997). ‘Poverty’ is a multidimensional concept involving the inability of people to meet their economic, social and other standards of well-being (OECD, 2001). Over the years a number of institutional approaches have been used to ensure the eradication of poverty from the society (Sarker and Rahman, 2006). One of these efforts is through a poverty reduction strategy. According to Barder (2009) ‘Poverty reduction’ is often described as the promotion of economic growth that will permanently lift as many people as possible over the poverty line. This line is defined as ‘the income levels below which people are defined as poor’ (World Banks, 2004). However, making poverty reduction strategies work has proven a much bigger challenge regardless of the fact that many efforts have been made towards alleviating it. Downer (1997) argues that the provision of opportunity for people to meet their basic needs has become the greatest challenge to most countries. Why then do poverty reduction programmes tend not to work out as intended? Pellissery (2005) points out that in developing economies, public authorities who are responsible for designing and implementing anti-poverty interventions are not sufficiently...
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...and most importantly the Human Immunodeficiency Virus/Acquired Immunodeficiency Syndrome-HIV/AIDS in this Bangladesh because of lack of acquaintance about reproductive health issues when youngsters are more in danger than adults and among the youngsters, girls are more at risk. Information plays a vital role to have exact understanding of people about HIV/AIDS spread and the strategies for prevention this disease. Still the knowledge stage seems to be low and misconceptions apprehended. Introduction: Now HIV/AIDS is a main health issue in the world as HIV epidemic is an international calamity. In Bangladesh HIV edification represents an important educational scheme where people are still lack behind. As the first case exposure in 1989, the HIV positive cases have increased progressively. Even though of being low frequency, Bangladesh has very high risk because of high rate of risky sexual and injecting behaviors and high rate of active syphilis. Programs in Bangladesh for HIV/AIDS: In 1985 The Government of Bangladesh had bent the National AIDS Committee-NAC which is a high-profile organization and the President as Chief Patron and then Minis¬ter of Health and Family Welfare considered as the Chairperson and they are supported by a Technical Committee and minor subcommittees. The first National Strategic Plan; first one is National Strategic Plan (1997-2002) and the second one is National Strategic Plan (2004-2010) have been developed to offer the structure to guide response...
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...Asian Transactions on Basic and Applied Sciences (ATBAS ISSN: 2221-4267) Volume 01 Issue 06 GLOBAL RECESSION, OIL SECTOR AND ECONOMIC GROWTH IN NIGERIA. BY S. O. OLADIPO (M.sc) Department of Economics and Accounting Bells University of Technology, Ota. E-mail address: giftsamniyo@yahoo.com AND PROF. J. O. FABAYO Department of Economics, Obafemi Awolowo University, Ile-Ife ABSTRACT This study investigates global recession and the oil sector, based on its effects on economic growth in Nigeria. No doubt the global economy has been experiencing some disturbances. Major economies of the world have been affected and so has the major sectors of these economies especially the ones that has a direct bearing with international trade been affected. The oil sector particularly has been one of the hit. For a country like Nigeria whose international trade is majorly in oil, the effect has become an issue. Empirical analysis using the Ordinary Least Square (OLS) reveals that there was a negative relationship between GDP and oil produced (domestic consumption and export) which is significant at 5% lever of significance i.e. (P < 0.05). The result also showed that there exists decline in the oil sector due to the global recession despite all measures given by government to curb it effects. It was Jan 2012 recommended that the federal government needs to deregulate the sector for efficient performance, and also come up with more rigorous policies that will reduce this effects on the real sector...
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...the physical elements involved. Services’ marketing is a form of marketing that focuses on selling services. They can be tricky to sell, and the marketing approach for them is much different than the approach for products. Some companies offer both products and services and must use a mixture of styles; for example, a store that sells computers also tends to also help people select computers and provide computer repair. Such a store must market both its products and the supporting services it offers to appeal to customers. 1.1 Origin of the report: We have been assigned to prepare a term paper as part of our Service Marketing course. So we are trying to complete our term paper in due date. Our term paper submission date on 25-11-13 and we will submit our term paper to Nazia Nabi, Faculty School of Business. We tried our best to get as much information as possible and complete this paper in due time. 1.2...
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...Democratization in the developing state: a review of current challenges and problems By Bayan Dotchev Comparative Political Systems Richmond, the American International University in London 27th June 2013 Introduction During the 1980s and the 1990s, the world experience a period of democratic progress, times during which authoritarian regimes or political systems based on undisputed segregation came to an end. From the military coupes of Latin America, to the apartheid regime in South Africa and, most important, the fall of communism in Eastern Europe, democracy has spread around the world. As successful as these events might have been, democracy is still vulnerable; the main reason behind this situation is the fact that, unlike other forms of governing, democracy cannot be installed by force and maintained without the support of the people. Competitive free elections, combined with gradual institutionalization and the construction of a political system which appraises the universal values of democracy have proven to be challenging to deliver. As mentioned by former UN Secretary General Kofi Annan, “no nation is born a democracy”, but democracy has proven to be the key success factor towards building peace, ensuring economic growth and development, consolidate judicial systems and protect human rights (Current Challenges to Democracy). This essay sets to discuss the main current challenges and problems that young democratic government are facing...
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...Nigerian polity is the relationship between religion and politics. The Nigerian society is religiously pluralized and this significantly influences political decisions and policies of the nation. On the other hand, there are people who hold the strong opinion that this relationship should not be stressed and that religion and politics should be allowed to operate separately without one interfering with the other. Those who hold this view argued essentially from the position that religion mixed politics is mostly like to imbibe various vices associated with politics. Also that politics may not be properly and dispassionately played if mixed with religion. 1.2. DEFINITION OF TERMS For a better appreciation of the objectives of this paper, it is perhaps good for us to attempt definitions of some key terms 1.2.1. Religion The Oxford Learners Dictionary explained religion as the belief in a super human controlling power that is entitled to obedience and worship. It goes further to state that it is a particular system of faith and worship that one is entitled to. 1.2.2. Politics Politics is about the...
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...Mergers & Acquisitions in India With specific reference to Competition Law This research paper is a copyright of Nishith Desai Associates. No reader should act on the basis of any statement contained herein without seeking professional advice. The authors and the firm expressly disclaim all and any liability to any person who has read this research paper, or otherwise, in respect of anything, consequences by any such and of of anything in February 1, 2010 done, or omitted to be done person reliance upon the contents of this research paper. Nishith Desai Associates www.nishithdesai.com TABLE OF CONTENTS I. II. Introduction .................................................................................................................................................... 3 Mergers and Amalgamations: Key Corporate and Securities Laws Considerations. ...................................... 7 III. Acquisitions: Key Corporate and Securities Laws Considerations................................................................. 10 IV. Competition Law ............................................................................................................................................ 21 V. Exchange Control............................................................................................................................................ 24 VI. Taxes and Duties ...................................................................................................
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...Table of Contents • Introduction • Definition and Model of Agenda Setting Theory • Scope and functions • Walter Lippman – Public Opinion (excerpt from Media Control – Noam Chomsky) • Concept of Manufacturing Consent – Noam Chomsky o Excerpts form the book - Manufacturing Consent by Noam Chomsky • Case studies o WMD i.e. Weapons of Mass Destruction being used repeatedly by media • Situation in India o Media focusing on Scams repeatedly and not giving due importance to the other relevant news. • Conclusion Introduction The power of the news media to set a nation’s agenda, to focus public attention on a few key public issues, is an immense and well-documented influence. Not only do people acquire factual information about public affairs from the news media, readers and viewers also learn how much importance to attach to a topic on the basis of the emphasis placed on it in the news. Newspapers provide a host of cues about the salience of the topics in the daily news – lead story on page one, other front page display, large headlines, etc. Television news also offers numerous cues about salience – the opening story on the newscast, length of time devoted to the story, etc. These cues repeated day after day effectively communicate the importance of each topic. In other words, the news media can set the agenda for the public’s attention to that small group of issues around which public...
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...M U M B AI SILICON VALLEY BANGA LORE SINGA P ORE MUMBA I BK C NE W DE L HI MUNICH Mergers & Acquisitions in India May 2015 © Copyright 2015 Nishith Desai Associates www.nishithdesai.com Mergers & Acquisitions in India About NDA Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich. We specialize in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner. We focus on niche areas in which we provide significant value and are invariably involved in select highly complex, innovative transactions. Our key clients include marquee repeat Fortune 500 clientele. Core practice areas include International Tax, International Tax Litigation, Litigation & Dispute Resolution, Fund Formation, Fund Investments, Capital Markets, Employment and HR, Intellectual Property, Corporate & Securities Law, Competition Law, Mergers & Acquisitions, JVs & Restructuring, General Commercial Law and Succession and Estate Planning. Our specialized industry niches include financial services, IT and telecom, education, pharma and life sciences, media and entertainment, real estate and infrastructure. Nishith Desai Associates has been ranked as the Most Innovative Indian Law Firm (2014) and the Second Most Innovative Asia - Pacific Law Firm (2014) at the Innovative Lawyers Asia-Pacific Awards by the Financial Times - RSG Consulting...
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...To what Extent is Security a Necessary Precondition for Development? 1 Introduction The understanding of the relationship between security and development that drivesdevelopment policies of donor agencies and countries has varied throughout the past 60 years.During the Cold War, western donors had widely focussed on assisting their third World partners with aid to repel the communist threat. In the post Cold War period, while assistancehad sharply dropped, it was mostly disconnected from security interests. However, with theoccurrence of the 9/11 events, development assistance has rocketed once more as manyimportant players within the donor community have focussed their peace and statebuildingefforts on promoting security in the name of development in 'failed' and 'fragile states' (Beallet al. 2006). This logic presumes that before development can unfold, a secure environmenthas to be established, making security a necessary precondition for development. This is alsodescribed as a 'security first' approach to development. However, the human security (HS)concept contests this logic. While a 'security first' approach focuses mainly on the security ofWestern countries, human security emphasizes the security needs of the people living indeveloping countries, depicting daily threats as a critical source of insecurity. Therefore,human security clearly focuses on the improvement of long-term development, emphasizingthat development and security have to be equally promoted. Therefore...
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...Discussion Paper No. 2009/01 The Financial Crisis of 2008 and the Developing Countries Wim Naudé* January 2009 Abstract Following the financial crisis that broke in the US and other Western economies in late 2008, there is now serious concern about its impact on the developing countries. The world media almost daily reports scenarios of gloom and doom, with many predicting a deep global recession. This paper critically discusses this and concludes that as far as the developing countries are concerned, a bit more optimism may be warranted. Although without doubt there are particular countries that will be adversely affected, there will also be countries that may be less affected, may avoid recession, and may recover sooner than expected. Six major reasons for this conclusion are discussed. Without this resilience in the developing world, prospects for the world’s richer countries would be much bleaker. Finally, some options available to the developing countries for minimizing the impact of the crisis are discussed. The crisis accentuates the urgent need for accelerating financial development in developing countries, both through domestic financial deepening, domestic resource mobilization, and reform of the international financial system. Keywords: financial crisis, developing countries, development finance, financial development JEL classification: F34, F35, G14, O16 Copyright © UNU-WIDER 2009 * UNU-WIDER, Helsinki, Finland, email: wim@wider.unu.edu This study has been prepared...
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...Country Paper Aid Flow to Bangladesh and the Question of Accountability of CSOs at National Level to the People They Serve By Shadnaz Khan* Bangladesh, like other poor and less developed countries, has been a regular receiver of foreign aid or external assistance in order to lessen the gap between savings and investment and to mitigate the balance of payment deficit. However, there has been serious debate over the issues such as low performance in aid-utilization, donors’ stringent and one-size-fits-all conditionalities and global aid politics that are believed to undermine the potential benefits that aid could have brought to the development scenario of the country. The apprehension over aid issues is felt in different countries around the world and also among the donors themselves. As a result, the idea of aid effectiveness has received increasing attention and importance in international discussions that generates hope that the international structure of aid would create sustainable development outcome for the poor countries. This paper is divided into two parts. In the first part, a general description of aid flows to Bangladesh has been presented and in the second part, an attempt has been made to assess the donor support models for CSOs in managing aid at country level and the scope for ensuring their accountability to their primary constituents, i.e., the people they serve in Bangladesh. A General Scenario of Aid flow to Bangladesh From 1972 to 30 June 2006...
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