Database Forensics and Auditing Research Paper Example | Topics and Well Written Essays - 2000 words

Database Forensics and Auditing - Research Paper Example The paper will focus on the differences between database forensics and databases auditing. This paper has focus on the definition of database forensic and database auditing, the regulation under database auditing, the meaning of Data Access Auditing, and Data Monitoring. The goal is to clarify the comparison between database forensic and auditing tools by analyzing some of their features. In addition, the paper will show the threats that may affect the database and how it can affect database forensic and auditing. In conclusion, databases can be secured using a number of strategies that restrict unauthorized access, incorrect alteration of data and enhance data integrity to ignore any kind of hacking or losing data. Introduction The Verizon business risk team did an investigation of 90 data breaches occurred in 2008, which revealed an overall score of 285 million stolen records. Likewise, 80% of data breaches occurred due to weak corporate information security and initiated from exte rnal sources i.e. from hackers, malicious codes etc. and 20% data breaches were initiated internally (Goldmann, n.d). Moreover, 49% of data breaches in 2008 were not diagnosed for months. Furthermore, in 2008, 81% organizations affected from credit card breaches were not able to perform their last PCI assessment (Goldmann, n.d). Apart from deploying most updated technology and controls, data is still being compromised. Likewise, tactics of a hacker is categorized as 70 % credentialed users, 10% trading partners and 46% internal threats (Goldmann, n.d). ‘Wikileaks’ and ‘Stuxnet’ virus is one of the recent major security breaches. In summary, the increasing numbers of data breaches are astounding and strive to do more research for database security and protection. It shows that the laws, policies, compliance and regulations are not enough to counter these challenges. In order to protect databases via best practices, we will first differentiate between databas e forensics and database auditing, as there two terms will demonstrate adequate protection from potential threats and vulnerabilities. After describing these terms, we will incorporate Microsoft Log miner tool for collecting forensic evidence from a database and for auditing or reviewing database current state, SQL auditing will be incorporated. Database Forensics Database forensics that is also called Oracle forensics is relatively a new evolving field. Database forensics is conducted by different tools that facilitate Oracle Database Administrator (DBA) to re-establish actions performed on the database with the exception of deactivated forensic features. Likewise, database forensics identifies the suspect by extracting traces of an attacker from the database and revert the suspicious transactions if possible. The primary goal of database forensics is to analyze the vulnerabilities that were utilized and exploited by the threat and to rollback any unofficial data manipulation opera tions. However, it is a daunting task, as attackers play safe and prefer attacks from other regions and IP addresses that involve different time zones and mediums before extracting data or compromising security controls of a database. Some of the vulnerabilities associated with database compromises include default and unchanged usernames and passwords, passwords are not long, complex or easily guessable, Database is not up to date and missing critical updated

Of Mice and Men by John Ernst Steinbeck Essay Example for Free

Of Mice and Men by John Ernst Steinbeck Essay Of Mice and Men was written by John Ernst Steinbeck. This book was published in 1937. This is a tale about an extraordinary friendship between two migrant labourers during the Great Depression who shared the same dream of having their own ranch living on their own land. They moved on to a new job after they ran away from their previous job in a hurry, following an incident involving the larger of the two men. Here they met new people as well as trouble along their job in the ranch with the boss son who greatly dislikes big people, and his wife who likes flirting with the boys a lot. In a fight Lennie tried to defend himself against Curley but he still kept punching Lennie, he decided he had enough so he fought back and when he saw the opportunity he grabbed Curleys hands and crushed it. He also accidentally killed his wife while stroking her hair in the barn which George was really crossed about and decided to kill him for their own good. The Great Depression occurred during the 1930s (year when this book was published) when the American Stock Market on Wall Street crashed catastrophically and led to a massive economic depression, which greatly affected America and some parts of the world that resulted to workers migrated all over the country to find jobs. Lennie George were migrant farm worker who moved from one place to another to find work. They became migrant workers because of the trouble that they caused at their old place, which urged them to get on the run and find a new job. George is small and quick, dark of face, with restless eyes (might be a bit worried) and having sharp, strong features Lennie is his complete opposite a huge man, shapeless of face, with large pale eyes, with wide sloping shoulders; and walks heavily dragging his feet a little, like the way a bear drags its paws and with arms hanging loosely. This shows us how animal-like Lennie is. Workers in the ranch live in a bunk house a long rectangular, building which could accommodate up to 8 people in their own bunks. Georges first thoughts about the bunk house was dirty and unhygienic infested with tiny bugs; which came into his mind when he found a small yellow can on the box shelf which was supposed to kill tiny bugs and insects. The bunk house, which they were living in, was quiet big but without privacy as there were no individual rooms, an infested bunk house with an old dog going in and out which we dont know what kind of insect it might be carrying. The overall condition in this bunk house depends mainly on its occupiers of being clean and hygienic. Migrant workers like Lennie and George havent got stability; they go to the ranch mainly to work and get paid then get on with their lives. Most of their work placement isnt permanent they havent got stability at all, it mainly depends with the contract they have, which often wouldnt last that long because of different factors thats why they couldnt make any long-term plans. Migrant workers are the loneliest guys in the world theyve got no friends. They have no family and dont belong to no place. Theyve got no one to talk to, and no one cares about them. Its difficult for a migrant worker to have friend to accompany each other. Hardly none of the guys ever travel together unlike Lennie and George that gives them an extraordinary friendship. Guys in the ranch just come in the bunk, work for a month and go out alone. Lennie and George are different because they got each other to look after themselves that makes them quiet unusual. I would find it rather difficult to make friends if I work as a migrant worker. I would feel uneasy with myself going to a strange place and meeting and befriending new people. As what Slim said its a bit odd two people coming together, usually a person come and go with no one to look up to. Lennie and George shares a common dream the ambition of having a little house and a piece of land of their own an live off the fatta the lan; they dreamed of having a better life with their land having a garden, a little win mill, a rabbit cage, an a chicken run. In which they could grow different sorts of crops and raise some farm animals ranging from chickens to cows and specially rabbits that Lennie is so keen about. This dream means a lot to them saving up all their monthly stakes for this to materialise, their dream gives them hope and determination and most importantly this means their future. In the novel not only George and Lennie have dream but also Curleys wife who regrettably married Curley when she could have gone with someone richer and famous guys. She imagined herself acting and living in luxury if she had run away with the other guys instead of Curley, she coulda been in the movies, and had a nice clothes, with pictures taken of her. She could be sittin in them big hotels and it wouldnt even cost her a cent because she was in the picture. This was her once in a lifetime chance, which she deeply regrets; if only she had run away with the guys she could be rich by now. Everyone in during the depression dreamed of having their own land, thinking that they could live better off with themselves. Most of them shared a common goal the American Dream. People in the ranch has nowhere to go to so they spend most of their time dreaming of their own place but even if they worked hard enough they wont be able to save enough to move on in life. Even George was tempted to go with them to the cat-house leaving Lennie behind and spending money on their account. Even if they got their own place they were always doomed to failure of history repeating itself about Lennie, which was their huge pitfall. These people had dreams thinking they could live much better on their own life with no one controlling them. These ambitions are good for them giving them something to look forward to, to give them hope and determination that one day they would be able to achieve their dream. But somehow it would be bad to have these dreams and living on a fantasy world that some how we know, doesnt exist. Most of the people in the ranch are victims of prejudice because of their incapabilities, race or physical appearance. Prejudice means to pre-judge someone, it is an attitude of mind on any topic which encourages us to prejudge those who differ from us in some way. Racism, Discrimination, Scapegoating and Stereotyping are some forms of applied prejudice. Candy is the only oldest person in the ranch thats why he is treated with prejudice adding to the fact to that he had lost his hand, which makes him feel very useless. His dog was shot because he was powerless to stop them because he was just an old man and most of the people wants his dog dead; he was depending on how Slim would react to help him save his dog but Slim turned him down. He was the only chance he had to stop his dog from being executed. He also has the least respected job being the cleaner or swamper as its called. Curleys wife is treated with prejudice from the fact she is the Boss daughter-in-law. Her flirtatious attitude contributes to the way she is treated. She not only wants some one to talk to, she wants someone to open-up with to share her loneliness and to express her feelings. Some men have different feelings for her like Whit and Lennie are attracted to her but George and Candy despise her. But shes well aware of the power she holds over men even though shed just been there for a few weeks. She doesnt let anybody step on her and treats her like dust, she annoys them even more if she knows the person doesnt like her. Crooks is the worst victim of prejudice to the extent that he is treated in a different way being segregated from other guys because he is black. Being a black man he is the subject of verbal and physical degradation. He is sole survivor; he shows us that he is a fighter who doesnt easily get degraded. Even though he is segregated he has his own room, which not all of them have, and he has the most numerous belongings. Even though he is the victim he also shows us his manipulative way because he knows he could be dominate over Lennie in which he saw h over Lennie but Lennie quickly got off of the bait and showed him that he is still the lowest of all ranks in the ranch. Surely no one would like to be treated in such manner of Prejudging others without knowing the reasons behind it. It is usually were evil starts. Most of the time it results to discrimination and racism that, are often accompanied by either physical or verbal aggression; this is a form of prejudice in action. I strongly disagree to someone treating anyone with prejudice. Prejudice is such an evil way of thinking; only people with a clear evil intention and malicious mind would do that. I dont think their lives are appealing. I dont want to live like migrant workers moving from one place to another, I would like a permanent job and permanent place where I can have stability. They also have to understand the people around them and adjust to their new environment. They also got to bare the loneliness; people like them got no one to talk to, no families, and no place to live. They have no directions in life; in the ranch people are going nowhere. They come in to work then come out, spend all their monthly stakes and come back to work again. They migrate from their town because there is no work to be found around it. So they spent most of their time migrating depending on their contract.

Impact of FDI on Host Country

Impact of FDI on Host Country ABSTRACT This project critically examines the negative effects that FDI poses to the host economy. The impact of FDI on the host economy can be understood with the help of The Standard Theory of International Trade and The Theory of Industrial Organisation. FDI has both positive and negative impacts on the host-country. FDI has an adverse effect on the host countrys economy, environment, domestic firms, political environment, labour market and trade balance. Through this project, it is concluded that the government policies should be such that they exploit the benefits of FDI completely in order to overrule its drawbacks. INTRODUCTION There is an increasing acknowledgment to recognize the forces of economic globalization which first requires looking at Foreign Direct Investment (FDI) by multinational corporations (MNCs): that is, when a firm based in one country locates or acquires production facilities in other countries. (Blonigen, 2006). Over the past decade Foreign Direct Investment (FDI) has grown noticeably as a major form of international capital transfer. Between 1980 and 1990, world flows of FDI- defined as cross-border expenditures to acquire or expand corporate control of productive assets have approximately grown three times (Froot, 1993). â€Å"FDI has turned out to be a major form of net international borrowing for Japan and the United States, the worlds largest international lender and borrower respectively† (Froot, 1993, pp. 1). The most introspective effect of FDI has been seen in developing countries, wherein annual Foreign Direct Investment flows have increased from an average of less than $10 billion in the 1970s to an annual average of $208 billion in 1999 (Source: UNCTAD). A large portion of global FDI is driven by mergers and acquisitions and internationalization of production in a range of industries (Graham and Spaulding, 2005). Despite the noticeable importance of FDI and MNCs in the world economy, research on the factors that decide FDI patterns and the impact of MNCs on parent and host countries is in its early stages. The most significant general questions are: what factors determine where FDI occurs, and what impacts do those MNC operations have on the parent and host economies? This report mainly analyses the negative impact of FDIs on host economies. FORIEGN DIRECT INVESTMENT â€Å"Foreign Direct Investment reflects the objective of obtaining a lasting interest by a resident entity in one economy (â€Å"direct investor†) in an entity resident in an economy other than that of the investor (â€Å"direct investment enterprise†)† (OECD). In other words, it is a direct investment made by a corporation in a commercial venture in another country. What separates FDI from portfolio investment is the control over the investment (Gillies, 2005). In case of FDI at least 10 percent of the voting rights must be held by the foreign investing company (Daniels et al., 2004). The difference between FDI and other ventures in foreign countries is mainly that the new venture operates completely outside the economy of the companys home country. The main motivators behind FDI are resource acquisition, sales expansion and risk minimisation. Besides this governments may also encourage FDIs due to various political motives (Daniels et al., 2004). TYPES OF FDI Foreign Direct Investment can be classified into three broad categories on the basis of direction, target or motives. On the basis of direction FDI can be classified into Inward or Outward FDI. When foreign capital is invested in local resources, it is referred to as Inward FDI, on the other hand when investments are made by local firms in foreign resources it is referred to as Outward FDI. Outward FDI is also known as â€Å"direct investment abroad† and is always backed by government support in case of any risks. On the basis of target FDI can be classified into Greenfield Investments, mergers and acquisition, horizontal and vertical FDI. Greenfield Investment refers to direct investment in new arenas or the development of existing amenities. This leads to creation of production capacity, employment opportunities, transfer of technology and expertise as well as linking of the host economy to the global marketplace. Mergers and acquisition are a major kind of FDI whereby there is a transfer of existing resources from local businesses to foreign businesses. Cross border mergers take place when the management of resources and business operations is relocated from a local company to a foreign company, with the local organisation becoming an associate to the foreign organisation. Acquisitions take place when the foreign company takes over a domestic company, and establishes itself as the new owner of the domestic company. Horizontal FDI refers to an investment made by a foreign company in the same industry in which it operates in its home country. Vertical FDI can be classified further into backward and forward vertical FDI. Backward Vertical FDI occurs when a domestic firm is provided input by a foreign firm in order to aid its production process whereas Forward Vertical FDI occurs when the output of a domestic firm is sold by an industry abroad it is known as forward vertical FDI. Lastly on the basis of motives, FDI can be classified into four types. The first type is of FDI takes place when the various factors of production may not be available in the home country of the firm or be more efficient in the host country, thereby encouraging firms to make investments. This is known as Resource seeking FDI. The second type of FDI which can be used as a defensive strategy is Market-seeking FDI. These investments are made either to maintain existing markets or to penetrate into new markets. The third type is Efficiency Seeking FDI, where the firms hope to increase their competency by exploiting the advantages of economies of scale and also common ownership. The firms thus try to achieve the objective of profit maximization. the last type is Strategy -asset seeking FDI, which is a common tactic used by firms to stop their competitors from acquiring resources. Thus these are the various types of FDI. IMPACT OF FDI ON HOST ECONOMY There are two approaches in economic theory which contribute to studying the effects of Foreign Direct Investment on host countries. One is the standard theory of international trade by Macdougall (1960). This theory is a â€Å"partial equilibrium comparative-static approach intended to examine how marginal increments in investment from abroad are distributed† (Blomstrom, 1997, p.1). The main assumption of this model is that there is an increase in the marginal productivity of labour and a decrease in the marginal productivity of capital. The other theory was proposed by Hymmer (1960) and is called the theory of industrial organisation. The main question of the theory is why firms make investments in other countries in order to manufacture the similar goods they manufacture at home. The answer to this question has been rightly devised by Kindleberger, 1969, p.13), who says, â€Å"for direct investment to thrive there must be some imperfection in markets for goods or factors, including among the latter technology, or some interference in competition by government or by firms, which separates markets†. Thus firms of home countries must have some asset which is going to be lucrative for its associate in the home country (Blomstrom, 1997). Foreign Direct Investment has both positive and negative effects on the host economy. POSITIVE EFFECTS OF FDI ON HOST ECONOMY FDIs have a number of positive impacts on the host country. It encourages economic development by increasing the productivity and exports of the host countries. There are four channels which help in increasing the productivity of host country, namely imitation, skill acquisition, competition and exports (Gorg Greenaway, 2004). The local firms in the host countries benefit by the indirect technology transfer that takes place between the MNC and the domestic companies. Local firms can compete more successfully in the export markets by copying the superior technology or management techniques used by the multinationals (Blomstrom, 1991). Domestic firms become more exposed to the foreign markets and subsequently their knowledge of the international markets increases. The Managers and other qualified employees of the domestic firms acquire the superior managerial and technical skills, which increases their efficiency. Multinationals increase the existing market competition, instigating the local firms to become more efficient by investing in physical or human capital. They help to increase industrial efficiency and improve resource allocation in host countries by entering markets which had many entry barriers. Thus by entering these monopolistic markets they increase competition and force the local firms to become more proficient. This is how, domestic firms are provoked by multinationals and other overseas firms to improve their performance and productivity. Multinationals also influence the local suppliers of intermediate products to become more efficient with delivery speed, quality and reliability of the products so as to meet the high standards of the overseas company. It is seen that FDI has a positive impact on labour market. If the productivity of domestic firms increases by copying the multinationals production style which is based on increased labour productivity, then the domestic firms will not hesitate from paying higher wages to the labour (Lipsey Sjoholm, 2010). Multinationals also increase the standard of the host countrys labour market by providing the labourers with training and making them qualified enough to handle complicated machinery and increasing their productivity. Lastly FDI affects the economy of the host country positively by increasing their revenues in the form of taxes, strengthening the exchange rate of the country and instigating the government to make policies which would attract more MNCs towards it. NEGATIVE IMPACT OF FDI ON HOST ECONOMY As seen above FDI has a number of positive effects on the host economy but these effects do not come free of cost. FDI brings along with it a number of negative effects which prove harmful to the country in various ways. Extend of the negative effects of FDI depends on the characteristics of the multinational companies, the host country and the policies of the host country. Some of the negative effects have been highlighted below: ENVIRONMENTAL DEGRADATION With increasing competition all over the world, companies are shifting their production base to developing countries where they can carry out the production of goods that are pollutant to the environment. These countries have flexible environmental regulations and are less stringent with their enforcements. Thus by carrying out production in such countries they are able to get a competitive edge over companies which carry out production elsewhere. Lowered trade obstacles are leading to a shift of polluting industries from countries with austere environmental regulations to countries with moderate environmental regulations. This leads to an increase in pollution in countries with lenient environmental policies because they refuse to tighten them in order to gain a stronger position over others in international trade. Trade may modify the environmental outcomes through a number of different channels. The scale effect is one such channel that has harmful implications to the environment. This is because when multinationals set up manufacturing facilities or outsource these to other local businesses, it leads to an increase in output which in turn leads to an increase in pollution (Liang, 2006). MARKET STRUCTURE FDI has a negative impact on the market structure as well. As the multinationals enter the market, it leads to the increase of concentration levels within the economy which in turn hampers market control. Therefore risk is prevalent. FDIs tend to assemble in exceedingly concentrated industries. The relationship between presence of foreign organisations in the host countries and the concentration within the economy is indebted to the nature of multinational ownership benefits rather than to anti-competitive activities. In small economies, proficient exploitation of modern advanced technology leads to concentrated market structures. If such economies have lenient trade administration then the risk of anti-competitive activities is diminished to a great extent (Lall, 2000). However it is evident that successful competition strategies are very important as multinationals have the capability to simply control an industry in a host economy. TECHNOLOGY FDIs open the doors for the host country to access new technology but this technology is controlled and possessed only by the MNEs. MNCs generally invest in capital-intensive technologies and have strict proprietary rights which prevent its spill over to local firms. The technology bought in by the MNC may not be favourable to conditions of the host country. For example if the host country is a labour-intensive country and the technology used by the multinational is capital-intensive then gradually it will have a negative effect on the host economy. Once the domestic firms start imitating the foreign firm and start using the same technology used by them, labourers will lose out on their jobs. Thus this would lead to unemployment problems which will negatively affect the economy of the host country. A country attracts FDI so that the national economy grows by creating new job opportunities but in this case it would work in the opposite direction. Pollution-intensive technology may also be exported from countries where they are banned. COMPETITION FDIs have an adverse affect on competition and hamper the prevailing market equilibrium. In developing countries, the domestic firms may not be able to cope up with the competition put up by the MNCs. Thus they would lose out on business. Some multinationals acquire monopoly status in highly profitable sectors. With their monopolistic power they wipe out all competitors from the market. New enterprises are not willing to enter these markets because of the huge capital and risks involved. Thus these multinationals are able to demand unreasonable prices form the customers, leaving them with no other choice but to pay excessively higher charges due to the limited choices available. These monopolistic companies do not even invest in new technologies to bring down their costs since they are already enjoying the luxury of irrational prices. PRODUCTIVITY Atiken and Harrison (1999) and Konings (2001), have suggested that MNCs decrease the productivity of local organisations through competition effects. MNCs are able to carry out productions at lower costs since they bring along some proprietary knowledge which is firm specific. In addition they have superior managerial and marketing skills, reduced production costs, bulk purchases, etc which helps them reduce their marginal costs. Therefore, the demand for goods produced by MNCs increases, which in turn reduces the demand for locally produced goods. This ultimately leads to a decrease in domestic production increasing the average costs. With the establishment of multinationals, the demand for foreign inputs increases in comparison to local inputs which hinder the domestic firm from producing to its optimum capacity. Thus the domestic firms are not able to take advantage of economies of scale. Domestic firms may not be quick enough to grasp knowledge from the foreign firms, losing out on competition in the short run (Gorg Greenaway, 2004). MNCs usually offer higher wages to domestic workers, thereby attracting all the skilled ones, leaving behind only the semi or unskilled labour for the local firms. It is a common trend amongst MNCs to offer higher wages in comparison to the domestic firms in developed as well as developing countries. LABOURERS The workers in the host countries may not be comfortable with some of the foreign policies adopted by MNCs. One of the most attractive features for FDI in a host country is cheap labour. They take advantage of the cheap labour by producing labour intensive goods and thereby decreasing their costs of goods. With the establishment of labour intensive technology by MNCs, a country becomes highly dependent on them for its employment. Now multinationals are always trying to reduce their costs, so if they are able to find places with cheaper labour, they shift their base to that country. Thus there is always a fear of unemployment due to FDI withdrawal. GOVERNMENT POLICIES The government of the host country may face problems due to the establishment of FDIs. The government has less control over the operations of the foreign company that is functioning as the wholly owned subsidiary of an overseas company. Taking advantage of this, the MNC may not abide by the economic policies of the host country. They hamper the various environmental, governance and social regulations laid down by the government of the host country. With FDI there is risk that confidential information of the host country could be leaked out to rest of the world. It has been seen that due to FDIs the defence of a country has witnessed various risks. It is also noticed that multinationals are very reluctant to pay taxes of the host country. MNCs exploit the tax structure of the country by taking advantage of the lenient tax regulations of the host country and lack of enforcement by the government (Velde, 2001). Another huge problem faced by host countries is that of transfer pricing which is a financial accounting device used by MNCs to maximise profits. Transfer pricing refers to the price charged by one associate of a company to another associate of the same company. Transfer pricing relates to all transactions that take place within a company including raw materials, management fees, royalties, finished products, etc. Transfer pricing is an illegal way of making huge profits for the MNCs. Transfer prices can be fabricated, thus different from the price that unrelated firms would have to pay. Thus by using transfer prices as a weapon, MNCs manipulate their books of entry and acquire huge amounts of profits without an actual change in their physical capital. Profit transferring is a way of avoiding or saving taxes by MNCs through illegal ways. If the MNCs pay lesser taxes in the home country of their foreign affiliates in comparison to their host countries, then in order to increase profits, MNCs manipulate their book of accounts. They will inflate their expenditure on import of materials from their foreign partners or subsidiaries, this will show higher profits in the books of accounts of the foreign affiliates and less profit in the MNCs account in the host country. Thus evading taxes and at the same time they will artificially transfer profits to the home country. CROWDING OUT OF DOMESTIC INVESTMENTS FDI crowds out domestic investments by creating a monopolistic environment. This can be explained in two ways. Firstly MNCs raise funds locally in the domestic market, increasing the demand for money and in turn increasing the interest rates, which crowds out domestic investments. Secondly when MNCs enter a new country, they bring with them huge investments which increases the overall money flow of the country. This increases the aggregate demand, leading to an increase in prices, i.e. inflation, which will then increase expenses, reduce savings and ultimately force people to borrow money, leading to higher interest rates. Thus is this way the local investments are crowded out (Borensztein et al., 1997). Foreign firms have better advertising powers, ability to dominate the market and predatory pricing to prevent entry. INFRASTRUCTURE CONSTRAINTS Multinationals come in the way of a countrys infrastructure development. It is seen that multinationals are always attracted towards the more favourable regions of a country. Now with the establishment of multinationals in these regions, more efforts are put towards the betterment of these regions. As a result the rural and poor regions are ignored and they continue to remain underdeveloped. COUNTRYS TRADE BALANCE FDI has an adverse effect on the Balance of Payment of the host country (De Mellow, 1997). Financial inflows raise the exchange rates, making it unfavourable for exports. When MNCs enter a country, they bring along foreign exchange and thus increase their supply, which strengthens the host-country currency, making the domestic products more expensive in the international markets, and as a result of this the total exports of the host country reduces. Thus there is a decrease in the net exports (Total Exports- Total Imports) of the country. Hence the BOP may become unfavourable. The capital and current account are also hampered. When the MNC enters the host country, it might have previous raw material suppliers, or intermediary product suppliers, from whom it continues to buy its secondary material; this would lead to an increase in the import of the country making the BOP unfavourable. Secondly MNCs transfer their profits, management fees, royalty fees, etc back to their home country, hampering the capital account of the country. ECONOMY Multinationals usually tend to exist in close proximity to each other. It is seen that MNCs have a tendency to concentrate in the certain sectors taking advantage of the location, labour and resources. Thus the economy becomes extremely reliant on the MNC. A withdrawal of MNC from such areas could seriously hamper the economy and this is seen as a very severe problem in the backward areas. RECOMMENDATIONS CONCLUSION This research paper was carried out to analyse the negative effects of FDI on the host economy and we have come to a conclusion that even though FDI helps in the development and growth of various countries all over the world, these benefits do not come free of charge. FDI can have several harmful effects on the host country. To overcome these harmful effects some recommendations gave been proposed To overcome the negative impact of environmental hazards, the host countries can use a variety of channels. One such channel is the technique effect where the local firms of the host country could learn from MNEs who often use superior technology or these firms may also exit from the market if the foreign firms seize the market share as well as labour supply. Therefore directness to trade will help in improving the quality of the environment. Another channel is the income effect whereby the local electorate may demand better environment standards as well as more strict regulations which are more enforceable by the government when the multinationals increase the income in the economy by creating jobs and thus increasing employment (Liang,2006). To overcome the competitive barriers in developing countries, the domestic firms could use various protective corporate agreements. They could either combine local firms or begin cooperative ventures with the foreign firms. Government of the host company should become more stringent with their policies. They should adopt policies which encourage proper social and environmental principles by the foreign companies. Multinationals should be penalised if they do not adhere by the policies of the country Measures should be taken to curb consumer and labour exploitation and at the same time competition should be created in the labour and product market, removing all entry barriers from the domestic markets. Encourage education, train labourers and promote infrastructure to increase the local capacity to absorb and disseminate the superior new traditions pioneered by overseas companies. By taking a few precautionary measures and by amending the government policies, the harmful effects of FDI can be avoided. Thus, these policies should be such that they are able to maximise the benefits of FDI and curtail their negative effects. REFERENCES Blomstrom, M. (1991). Host Country Benefits Of Foreign Investment. NBR Working Paper 3615, pp 1-33. Blomstrom, M. and Kokko, A. (1997). The Impact Of Foreign Investment On Host Countries: A Review Of The Empirical Evidence. World Bank Policy Research Working Paper 1745, pp 1-42. Blomstrom, M. and Kokko, A. (1998). Multinational Corporations And Spillovers. Journal Of Economic Surveys 12(2), pp 1-31. Blonigen, B. (2006). Foreign Direct Investment Behavior of Multinational Corporations. NBER Reporter: Research Summary. Borensztein E., Gregorio De J. And Lee J-W (1997). How does Foreign Direct Investment affect economic growth? Journal of international Economics 45(1998), pp 115-135 Daniels, J.D., Radebaugh, L.H. and Sullivan, D.P. (2004). International Business Environments And Operations. 10th ed. Delhi: Pearson Prentice Hall. De Mello L.R. (1997). Foreign Direct Investment in Developing Countries and Growth: A Selection Survey. The Journal of Development Studies 34(1), pp 1-34. Froot, K. (1993). Foreign Direct Investment. London: The University of Chicago Press Ltd. Gorg, H. and Greenaway, D. (2004). Much ado About Nothing? Do Domestic Firms Really Benefit From Foreign Direct Investment? The World Research Observer 19(2), pp 171-197. Graham,J.P. and Spaulding, R.B. (2005). Understanding Foreign Direct Investment. Citibank international portal. Lall, S. (2000). FDI and Development: Research Issues In The Emerging Context. Policy Discussion Paper 20, pp 1-27. Letto-Gillies, G. (2005). Transnational Corporations and International Production concepts, theories and effects, Cheltenham: Edward Elgar Publishing House Limited. Liang, F.H. (2006). Does Foreign Direct Investment Harm the Host Countrys Environment? Evidence from China. pp 1-24. Lipsey, R.E. (2002). Home And Host Country Effects Of FDI. NBR Working Paper Series 9293, pp 1-76. Lipsey, R.E. and Sjoholm, F. (n.d.) The Impact Of Inward FDI On Host Countries: Why Such Different Answers? Does FDI Promote Development pp 23-43. Velde D.W. (2001). Policies Towards Foreign Direct Investment in Developing Countries: Emerging Best-practices and Outstanding Issues. Overseas Development Institute, London.

European Union Description :: European Union Essays

European Union Description In 1967, three European institutions merged. The three institutions were the European Coal and Steel Community (ECSC), the European Economic Community (EEC), and the European Atomic Energy Community (Euratom). When the three merged, they formed the European Community or EC. On November 1, 1993, the 12 members of the European Community ratified the Treaty on European Union, or Maastricht Treaty. The twelve members were- Belgium, Denmark, France, Germany, Great Britain, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. The countries of the Benelux Economic Union- Belgium, the Netherlands, and Luxembourg- continue to and in some ways as a single economic entity within the European Union. The EC became the policy-making body of the European Union. In 1994 Austria, Finland, and Sweden became members of the European Union. By 1997 more than a dozen countries had applied for European Union membership, but the European Union had only admitted the three listed above. T he other countries that applied for membership include Turkey, Cyprus, Malta, Switzerland, Hungary, Poland, Romania, Slovakia, Latvia, Estonia, Lithuania, Bulgaria, and the Czech Republic. Of those countries, six are considered associate members of the European Union: Bulgaria, Czech Republic, Hungary, Poland, Romania, and Slovakia. Three other countries-Estonia, Latvia, and Lithuania-are being considered for associate membership. Other potential European Union applicants include members of the European Free Trade Association. The European Union was expected to decide which counties it would open negotiations for full membership with by the end of 1997. The purpose of the European Union was to increase economic integration and strengthen cooperation among its member states. European citizenship was granted to citizens of each member state, under the Treaty on European Union. Customs and immigration agreements were enhanced to allow European citizens more freedom to live, work, and s tudy in any of the member states, and border controls were also eased. The European Union also set a goal of establishing a single European currency, the Euro, by 1997; this date was later changed to 1999. It is proposed that full circulation of the Euro is to be in effect by the year 2002. At that time the individual states notes will no longer be valid. The European Union’s attempts to establish a single European currency have had some controversy. An example is, some member countries, such as Great Britain, have worried that a shared European currency would threaten their national identity and their government’s authority.

Death In The Woods - Thematic Explication Essay -- essays research pap

Our universe is an ever-turning wheel that maintains a beautiful balance of life. On the spokes of this wheel the existence of all things is assured; life is given, bodies and souls are fed, each position on the wheel is cultivated by the next, and then one day we will pass away, only to start the circle again in another mysterious way. Take a moment to look around you and see the many cycles that exist for the sole purpose of keeping our wheel in motion, and then recognize how little these great givers of life are celebrated, or even noticed. Without a second thought we will all at one time or another dishonor the same things that pay tribute to us. But that, too, is a part of the cycle. It’s not good, nor is it bad. It just is. In his story â€Å"Death in the Woods,† Sherwood Anderson demonstrates mankind’s ability to take for granted the gifts received through our Mother Earth, aptly symbolized by an old woman with no name. He also reveals to his reader the beauty that lies within the ceremonies of life and death that are constantly taking place all around us and within us. The story is broken into 5 different parts, told in first person, and although the narrator is not the main character, he lends significant importance to the symbolism that takes place throughout the tale. In the first part of the story our nameless storyteller introduces his reader to an old woman; one that everyone sees, but nobody knows. Demonstrating society’s lack of concern for such an old woman, the narrator states, â€Å"People drive right down a road and never notice an old woman like that† (23). In this first section he uses the words ‘old woman’ eight times, and yet we know he considers her to be strong, not frail like the people that we usually associate with the condition of being aged. Our first clue of this takes place in the first and second paragraphs where she is diligently working to make a few eggs and hens trade into enough food to feed a farm. This is her job, and she does it without complaint. Somehow, she is able to make the impossible work. In the fifth paragraph he describes himself as â€Å"a young and sick boy with rheumatism† (23), and then in the next sentence depicts her carrying a heavy pack on her back- one that he coul d probably not manage on his own. In that pack on her back she carries the burden of feeding and caring for those that depend on her, and yet she ma... ...r shoulder. She is a young and innocent girl once again, and she is finally given her due respect in death. Unfortunately, when the weight of our burdens finally does our Mother Earth in, we won’t be able to mourn her and put her to rest with ceremony. Our own circle of life is far too dependent on hers. Most likely, the animals on the old woman’s farm will die within days of her passing, since there will no longer be anyone around to fulfill their needs. In the fifth and final part of the story the narrator recounts how the details all come together for him since the time of the old woman’s death. He slowly collects the pieces of information throughout his life in a quest to understand the meaning of it all. For some enlightened people, the search for understanding of our place in the universe is very much like that. We gather together the clues that our Mother leaves us and slowly come to respect the important nature of life and death. We begin to see the rituals, appreciate our roles and recognize the signs of our Mother’s wellness, or illness. The cycle of life and death is dependant on our cooperation, or lack thereof. We decide how much we want to invest into its abundance.

Great Expectations Essay -- Great Expectations Essays

The novel Great Expectations, by Charles Dickens is a compelling book which many people consider to be one of Charles Dickens’ greatest works. Great Expectations is a novel that has many elements that help the growth and development of Phillip Pirrip, better known as Pip. But none of these elements can be more evident than the kinds of love and their different roles in Pips life. In order to answer how love has influenced Pip’s life we must first define what love is. According to Miss Havisham love is, The different types of love and their roles in Pips life is represented differently by the different characters. The type of love Joe represents in Pips life is the type of love that one can feel between a father and son. Estella represents the lack of love because of the way she treats Pip and the other men in her life. She can also be considered an example of courtly love because of the way she motivated Pip to become a gentleman to win her heart. The type of love that Miss. Havisham represents is selfish love for only oneself. This can be seen by the way she raised Estella to grow up and break the hearts of men. The love that Magwitch represent is compassionate love that is shared between friends, because of the way that Pip treated Magwitch even though he was an escaped convict. Herbert Pocket is also another represents the love that friends have for one another, because he helped add stability Pips life. This is also seen when Pip helped Herbert Pocket reach business success through his donations to his business. Jaggers and Wemmick can also be considered fatherly figures because they helped mentor Pip, and they taught him how to be a gentleman. The love that Biddy represents is both an example of romantic love and the love tha... ... social mobility in England. Despite of all of the obstacles that got in Pips way he was still able to make something of himself other than a mere village blacksmith. The love between friends that was shown by Magwitch gave Pip all of the financial and social resources Pip required in order to allow him to pursue his dream of becoming a person of class. Estella impacts Pip through her lack of love because of the way she cruelly manipulates men into loving her only to later betray them. Miss Havisham’s love of herself enables her to seek revenge through her step-daughter Estella without regard to the suffering she caused to both Pip and Estella. Because of the love some of these characters show to Pip he is able to realize that wealth and your position on the social ladder does not make you a good person, and it can stop you from seeing the finer things in life. Great Expectations Essay -- Great Expectations Essays The novel Great Expectations, by Charles Dickens is a compelling book which many people consider to be one of Charles Dickens’ greatest works. Great Expectations is a novel that has many elements that help the growth and development of Phillip Pirrip, better known as Pip. But none of these elements can be more evident than the kinds of love and their different roles in Pips life. In order to answer how love has influenced Pip’s life we must first define what love is. According to Miss Havisham love is, The different types of love and their roles in Pips life is represented differently by the different characters. The type of love Joe represents in Pips life is the type of love that one can feel between a father and son. Estella represents the lack of love because of the way she treats Pip and the other men in her life. She can also be considered an example of courtly love because of the way she motivated Pip to become a gentleman to win her heart. The type of love that Miss. Havisham represents is selfish love for only oneself. This can be seen by the way she raised Estella to grow up and break the hearts of men. The love that Magwitch represent is compassionate love that is shared between friends, because of the way that Pip treated Magwitch even though he was an escaped convict. Herbert Pocket is also another represents the love that friends have for one another, because he helped add stability Pips life. This is also seen when Pip helped Herbert Pocket reach business success through his donations to his business. Jaggers and Wemmick can also be considered fatherly figures because they helped mentor Pip, and they taught him how to be a gentleman. The love that Biddy represents is both an example of romantic love and the love tha... ... social mobility in England. Despite of all of the obstacles that got in Pips way he was still able to make something of himself other than a mere village blacksmith. The love between friends that was shown by Magwitch gave Pip all of the financial and social resources Pip required in order to allow him to pursue his dream of becoming a person of class. Estella impacts Pip through her lack of love because of the way she cruelly manipulates men into loving her only to later betray them. Miss Havisham’s love of herself enables her to seek revenge through her step-daughter Estella without regard to the suffering she caused to both Pip and Estella. Because of the love some of these characters show to Pip he is able to realize that wealth and your position on the social ladder does not make you a good person, and it can stop you from seeing the finer things in life.

‘Lord of the Flies’ by William Golding Essay

‘Lord of the Flies’ by William Golding describes a group of schoolboys’ means of life when they become stranded on a desert island after a plane crash which killed all other passengers and crew, with only vast jungle and sandy shores around them. During their unusual experience, one of the main characters – Ralph – learns thing about himself and the others that no other twelve year old would ever imagine. With â€Å"a mildness about his mouth and eyes that proclaimed no evil†, Ralph seems the laid-back sort, confident and trustworthy. Although when he first meets Piggy, another schoolboy, this all changes and the immaturity of a typical child of his age shines through. When finding out that his new friend used to be nicknamed ‘Piggy’ as a result of his short and fat appearance, â€Å"he dived in the sand at Piggy’s feet and lay there laughing.† Ralph thinks of Piggy as a paranoid wimp, and relishes in the fact that they have a whole island to roam around on, with no grown-ups to tell them what to do. Piggy, however, instantly realises the severity of what has happened, and panics at the thought of the future: â€Å"We may stay here till we die.† As far Ralph is concerned, the island is paradise. He is glad when he meets Jack, another one of the bunch of schoolboys with an obsession for hunting, but who is out to have fun on the island. Things get off to a good start, but when their new way of life descends into disaster, Ralph’s relationship with Piggy grows as it comes clear that Piggy is actually a very wise person, and Ralph’s relationship with Jack turns to rivalry, Ralph finds himself having to grow up quickly and reinforce his position as leader to restore civilisation – a fast fading luxury: â€Å"We need an assembly. Not for fun†¦..but to put things straight.† When Jack becomes fed up with Ralph’s rules and leadership tactics, he decides to break away from the crowd and forms his own tribe of ‘hunters.’ By this point Ralph grows aware that trying to persuade them to stay with his tribe, he is fighting a losing battle, and discovers that he may not be as good a leader as he thought he would be: â€Å"Only, decided Ralph as he faced the chief’s seat, I can’t think. Not like Piggy.† The death of Simon, a quiet, subdued fellow schoolboy, really disturbs Ralph, as he faces up to reality. Simon’s death was a consequence of Jack’s tribe getting overexcited about â€Å"the beast† and was a mistaken identity case involving the beach, many spears, and a chorus of youngsters wildly chanting â€Å"Kill the beast! Cut his throat! Spill his blood! Do him in!† The realisation of the awfulness that occurred affects all of the boys not in Jack’s tribe, and in a moment of sheer alarm, Ralph almost snaps: â€Å"That was murder.† Piggy, now the most faithful and loyal friend Ralph has left on the island, can’t bear to even think about it, let alone discuss it: â€Å"You stop it! What good’re you doing walking like that?† By this time, the relationship between Ralph and Jack has deteriorated so much that bitterness from power-possessed Jack is all that is left. By the end of the novel, it is clear that the relationship between Ralph and Jack has no amiability in it whatsoever. The power and authority that Jack enforces over his tribe portrays him as a king to the reader: â€Å"Power lay in the brown swell of his forearms; authority sat on his shoulders and chatted in his ear like an ape.† After Simon’s untimely death, Jack and his tribe seem somewhat unaffected by what they have done, and become even more uncivilised, to the extent that they cause another shocking and unexpected death. Piggy is killed by a rock that Roger pushes over the edge of the cliff, near the beach. This event shows just how disconnected with reality Jack and his tribe have become, and now Ralph is on his own. His only friend’s death has made him now completely alone and so vulnerable. Ralph feels like he is the only one left with any sense of the real world. The shock of what has happened since they first explored the island scares Ralph and fear of the future kicks in. â€Å"These painted savages would go further and further. Then there was that indefinable connection between himself and Jack; who therefore would never let him alone; never.† Jack discovers that Jack and his tribe are planning to kill him the next day, and now survival is the only thing that matters to Ralph. Realisation of his desperate situation comes to Ralph when he is told by one of the twins â€Å"Listen, Ralph. Never mind what’s sense. That’s gone.† A lonely, terrified, weak and exhausted Ralph wakes the next day to noises of every other child on the island hunting him down. They set fire to the island and eventually locate Ralph, and then the chase begins. Ralph reaches the end of island, and the end of his sanity. He literally runs into a naval officer and recognition of everything hits the twelve year old. Shock of the circumstances is all too much for Ralph to bear, and he falls to his knees and breaks down. â€Å"Ralph wept for the end of innocence, the darkness of a man’s heart, and the fall through the air of the true, wise friend called Piggy.† Ralph takes responsibility for the chaos and collapse of civilisation, as he believes that if he had been a better leader, none of this would have happened. He realises just how far things can go when there is no order imposed, and that he alone couldn’t change that. Throughout the novel, Ralph makes a journey towards self-discovery, and witnesses behaviour no other person, like the naval officer, would believe if he explained them. His relationships with the other two main characters influence the horrific events that took place on the island, and at the end of ‘Lord of the Flies’ Ralph sees that man can lose all sense of civilisation when no rules and order are in place.