Economic Growth In Malaysia

Economic Growth In Malaysia Abstract Foreign Direct Investment (FDI) supports the national economic when it facing the lack of internal investment resources and it can cover the gap of investment resources and national investment. In this way, Foreign Direct Investment can affect the economic development and increase the speed of economic development. In this regards, among other countries, especially developing countries, that coped with the lack of internal financial resources have more interest to use Foreign Direct Investment. Since 1970 until now, the Foreign Direct Investment has been strongly growth and it outstrips from the trade growth and its causes to double exports of goods and services. In other words, the Foreign investment in the developed worlds economy is development of transnational companies for improving competitiveness, higher profit, accessing to cheaper labor market and reaching a broader consumer market. Providing sufficient capital to finance investment is as one of the important factors in economic growth. In this regards, developing countries have tried to accumulation of capital through internal resources or by foreign direct investment to complete the deal. Also, foreign direct investment has a significant role in developing process in many countries. Gross domestic product in Malaysia has the maximum growth rate comparing the other Association of Southeast Asian Nations and one of the remarkable strategies of the administration to encourage its growth is by create a center of attention to foreign direct investment. Malaysia is one of those developing countries that promote Foreign Direct Investment in order to increase speed growth and development. Foreign Direct Investment has cooperated a significant role in capital formation in Malaysia and the developing economy that has enhanced quickly. CHAPTER 1 INTRODUCTION Introduction Malaysia is one of the fastest country in growing economy in the Asia area with GNP growth of around eight plus percent per year. The Malaysian economy has shifted from agriculturally to further differentiate and also export oriented one after its independence in 1957. It is identified the Malaysian market is openly oriented with almost non existent non tariff blockade and averaging just about 50 percent and foreign exchange organize. Malaysian open trade is sustained by the two way trade approximately to 120 percent of Gross National Product (GNP). It has been demonstrated that from the established political environment, enhancing capita revenue, and the prospective for local integration all over the ASSOCIATION OF SOUTH EAST ASIAN NATIONS (ASEAN), Malaysia is a gorgeous view for FOREIGN DIRECT INVESTMENT (FDI) (see Graph 1.1). Foreign direct investment in Malaysia is a significant catalytic parameter, enhancing exports, awareness and offers an economic tool in the direction of the Malaysia 2020 vision. Some empirical researches show that the economic growth has been established in the past 6 years at the above seven percent per year. In this regards the inflation rate has been remained below four percent, decreasing the unemployment rate, balancing the payments. Echange rate is as a significant factor in the Malaysian Foreign direct investment (FDI) in the general economy. Malaysian Bank Negara does not formally peg the Ringit (RM) to definite currencies and currency floats. In fact, Malaysian Bank Negara has been charged of depreciating the cost of the Ringit (RM) in order to encourage exports. On the other hand, Malaysias focus on Foreign direct investment, increasing exports, has provided it well and supplied to its 8 years of over 8 percent growth. Foreign Direct investment (FDI) Several definitions have been proposed for Foreign direct investment. The international monetary fund defines Foreign direct investment following: Foreign direct investment is a type of investment that to achieve sustainable benefits in the country except for the home country of investor and the investors objective is as an important role in the management of the organization (Bengoa and Blanca 2003). Foreign direct investment is considered dependable for enhanced well-being in the host country due to the benefits related to introduction of new innovations and technologies, improvement of extra abilities, enhances capital, improving work stations in host countries (Fizari, Asari et al. 2011). A study by Bengoa and Sanchez-Robles (2003), it is defined that Foreign direct investment is the most important contributor to the economic growth in the country. Foreign direct investment is considered as a significant resource of inflows in numerous countries, especially in emerging developing economies. In fact, Foreign direct investment is evidenced in the capital account of balance of payment (Chaudhary, Shah et al. 2012). Foreign direct investment or FDI is the net inflows of venture to acquire a lasting management interest in an activity operating in an economy other than that of the investor. It is the sum of equity resources, other long term resources, short term resources and reinvestment of earning as illustrated in the balance of payments. Foreign direct investment in Malaysia is put on following the investment of at least 10 percent of the whole equity in a resident firm by a non-resident investor (Greenway 2004). Economic Growth Economic growth is the enhance in the quantity of the services and goods manufactured by an economy over time. It is calculated as the percent rate of enhance in actual GDP (gross domestic product). Foreign direct investment has been a significant resource of economic growth in Malaysia, transporting in capital investment, management and technology knowledge necessitated for economic growth (Mun, Lin et al. 2008). In developing countries such as Malaysia, Foreign direct investment has a positive effect on economic growth and it also depend on some the other key factors, like: human capital base in host countries, the degree of openness in the economy (Lean 2008). Carkovic and Levine (2002) found the positive effect of foreign direct investment in economic growth. Their finding showed that a countrys power to take benefit of Foreign direct asset externalities may be limited by local situation, like: the level of education in the country, the improvement of the local financial markets. Studies by (Durham 2004); (Hermes and Lensink 2003); (Alfaro, Chanda et al. 2004) presented support that just countries with well developed financial markets grow importantly from foreign direct investment in conditions of their growth rate. Wan (2010) argued that foreign direct investment can play a significant role in modernizing a national economy and encouraging economic growth. On the other hand, the association among the exchange rate and economic growth is a significant issue, from the both a positive such as: descriptive and normative such as: policy prescription view (Ito, Isard et al. 1999). There are some countries that include explicitly or implicitly fixed their exchange rate to the currency of the other country such as: U.S. dollar and whose inflation rate are upper than that of the foreign country (U. S.) frequently practices persistent recent account deficits and eventual depressions of their currencies (Ito, Isard et al. 1999). 1.3. The role of Foreign direct investment and economic growth Malaysia is one of the mainly open in the emerging world to foreign investment and it also distinguish the significant role that FDI can play in well placed for attracting investment in Malaysia (Kogid, Lily et al. 2010). Foreign direct investment is as a significant driver fundamental in the Malaysian powerful performance and also economic growth. There are numerous research that investigate the relationship between foreign direct investment and economic growth (Kogid, Lily et al. 2010). There is an extensive view that the role of foreign direct investment (FDI) on economic growth is unclear (Greenway 2004; Azman-Saini, Law et al. 2010). One possible reason for this finding is picked up from the failure of model contingency achieves in the relationship between foreign direct investment and Growth. From the traditionally studies, the exchange rate had not composed a significant factor in the analysis of economic growth (Omankhanlen 2011). Alfaro, Chanda et al. (2003) explored that countries with enhanced financial schemes can utilize foreign direct investment more efficiently and also foreign direct investment alone have an ambiguous role in causal to economic growth. Carkovic and Levine (2002) presented the positive role of foreign direct investment in generating economic growth, mainly in exacting environments. For instance, Borensztein, Gregorio et al. (1998) show that foreign direct investment has a positive growth outcome when the country has s extremely educated workforce that permits it to utilize foreign direct investment spillovers. Exchange rate and inflation rate There are various studies have seemed to the effect of exchange rate or inflation on direct investment (AHN, ADJI et al. 1998). Naturally, it identifies the negative effect of inflation by itself on direct investment. Exchange rate movements can affect foreign direct investment by affecting the current cost of gaining overseas (Froot and Stein 1991). For instance, a reduction in domestic currency value against foreign currency value of the domestic exchange rate will create it fewer expensive for foreign investor. In this regards, depreciation of the exchange rate will create inflows of foreign direct investment in that country rise (Erdal and Tatoglu 2002; Tsen 2006). There are some ways for controlling exchange rate, but it is so expensive. When the rate of interest is high, it avoids capital outflows obstruct growth of the economy and so it will hurt the countrys economy (Solnik 2000). According to Khalwaty (2000) There are some parameters that cause the exchange rate changes. Tho se parameters embrace: payments balance problems, changes in foreign exchange demand and supply, public revenue, changes the expectation, et al. Therefore, this study will explore the impact of inflation and exchange rate on foreign direct investment and economic growth. Problem statement Malaysia has a growing open economy. Malaysia had 29th level as the largest economy with GDP $357.9 billion in 2007 (Bank 2007). It is identified that foreign direct investment has been observed as a major driver underlying the strong growth performance occurrence by the Malaysian economy. Malaysia has got a substantial quantity of foreign direct investment in its industry over the past decades. Despite the significance of foreign direct investment (FDI) to the Malasia, there has been a little study the determinants of the foreign direct investment such as inflation and exchange rate. Most of the earlier researches use cross-sectional or panel data to find the determinants of foreign direct investment. This study will examine two macroeconomic parameters, explicitly exchange rate and inflation, that effect on foreign direct investment and economic growth in Malaysia over a period from 1995 to 2009. Since the economic growth is one of the key determinants accountable for advanced foreign direct investment inflow (Fedderke and Romm 2006; Kiat 2008), this study want to examine foreign direct investment and its relation to economic growth. The aim of this study is to test whether any relationship between foreign direct investment and economic growth regarding its inflation and exchange rate. The relationship between foreign direct investment and economic growth is not clear in Malaysia. So, there is a need to carry out extra research on this relationship. 1.6. Research questions On the basis of the above mentioned problem statement, the following research questions are suggested: RQ1: what is the effect of inflation on FDI and economic growth? RQ2: what is the effect of exchange rate on FDI and economic growth? RQ3: what is the effect of FDI on economic growth? 1.7. Research objectives The objective of this thesis is to study the effect of inflation and exchange rate on FDI and its relation to economic growth in Malaysia from 1995 to 2009. The objectives of this study are: RO1: To evaluate the effect of inflation on FDI and economic growth. RO2: To evaluate the effect of exchange rate on FDI and economic growth. RO3: To evaluate the effect of foreign direct investment on economic growth. 1.8. Theoretical framework On the basis of the above mentioned literature, a research model is developed to examine the effect of the effect of inflation and exchange rate on FDI and its relation to economic growth in Malaysia (see Figure 1.1). 1.9. Scope of study The study will focus on the influence of inflation and exchange rate on FDI in Malaysia. Malaysia is one of those developing countries that promote Foreign Direct Investment in order to increase speed growth and development. On the other hand, since, Foreign direct investment in Malaysia is a significant catalytic parameter, enhancing exports, awareness, thus it has a significant role in the economic growth of the country. And Malaysia has been encouraging FDI in its economic contribution. 1.10. Significant of study Foreign direct investment has played a significant role in the capital formation and the economic development that has enhanced rapidly. Foreign direct investment offers a significant view in the course of which organizations can keep away from high production costs at home and discover gorgeous marketplace abroad (Demekas, Horvath et al. 2005; Utami and Inanga 2009; Yol and Teng 2009). On the other hand Malaysia has been one of the majority successful Association of Southeast Asian Nations (ASEAN) countries in being a focus for FDI. In this regards, it is important to find a relationship between inflation, exchange rate and Foreign direct investment in Malaysia.

Make Green Delicious

A. ————————————————- Introduction/Statement of the problem: The problem in this case was the option of expanding the business and the starting of a foundation. Jamie Kennedy felt that it was the time for expansion. However, it was difficult to balance between growth and sustainability as the business expands. B. ————————————————- Analysis: Jamie Kennedy Kitchens has been operating for 33 years.With global accolades, rave reviews and local food critics, its customer bases has grown substantially. Kennedy wants to expose the thought of slow food philosophy to as many people as possible, from his customers, workers, to the community. In order to set up a foundation, build public relation and reach more people in the community, Kennedy has to spend more time and extra money which a lot of his chefs found it unnecessary. To balance between grown and sustainability, Kennedy should cut costs in other areas. C. ———————————————— Alternatives: 1. Set up foundation * Cut costs * Pair up with a local non-governmental organization as it may be hard to run a foundation without proper skills training 2. Do not set up foundation D. ————————————————- Recommendation: Set up the foundation. If the foundation succeeds, it can achieve Kennedy`s goal of educating the public about the slow food philosophy. It will help the corporation overall as it furthers differentiate the brand.If the foundation fails, it will hurt the corporation a bit but with its 33 years of experience and brand building, it should be able to recover. E. ——à ¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€- Implementation Plan: It may be a good idea to pair up with a local non-governmental organization so that it reduces the risk of failing to manage the foundation. It is important to look for a local non-governmental organization that agrees and aligns with the firm`s own philosophy and goals.In terms of cutting costs, as mentioned in the case, it can move the production kitchen to a lower cost location and supply Jamie Kennedy Kitchens with his own rural farm. In this way, efficiency is improved. One issue that should be taken into consideration is that by supplying the corporation with its own farm, it may be competing with the local suppliers and damage the established relationship between suppliers.

Journalism Code of Ethics

Thousands of journalists all over world voluntarily embrace the journalist code of ethics as a critical set of values and guidelines required to be a professional and morally upright journalist. The Society of Journalists (SPJ) says that â€Å"the code is not intended as a set of ‘rules’ but as a resource for ethical decision making†. Because it is not legally enforced, it is up to the integrity of the journalist to uphold the code of ethics. It is not possible to ensure that all journalists abide by the code of ethics.There will be some, who could not stand by their codes, values and integrity when they are in the face of economic and social pressures, and choose to tread the grey areas instead. People do not become bad journalists in a day. It’s a slow fade when black and white is turned to grey. We must be very careful not to give ourselves away to unethical acts, and disregard our morals in order to get a good story or some physical rewards. In Singapor e, we are blessed to have good, ethical journalists, who present very transparent news.The same cannot be said for many journalists in other parts of the world. Breslin’s (1997) study found the following: In Japan, journalists voluntarily and regularly curtail their truth-telling through the practice of self-censorship — not from coercion by the government, but by their own press organizations that cover government. In the People's Republic of China, journalists — like all essential workers — are in the employ of government and pay homage to the truth, but place a lower value on pursuing with any aggressiveness or perseverance.In Korea, journalists most often recognize truth as the word of government, and identify themselves with the elite ruling forces and identify their role as helping to ensure harmony between the rulers and the ruled. Their closeness to government is often measured by the amount of cash in the â€Å"white envelopes† they receiv e from their sources. Journalists cannot live in the clouds, doing what they think is right without pressures being put on them. Often, journalists face pressure from a variety of sources, all trying to make the journalist behave in a way which is not the way the journalist would choose.Journalists are imperfect and fallible. But we must attempt to resist the pressures and take a stand. As such, it is important to review the current journalism code of ethics, and find out whether it is still relevant and sufficient. Indeed, the code of ethics should reflect values, challenges and realities of journalism. However, â€Å"too many of them are mostly lists of do’s and don’ts (usually more don’ts), rather than helpful guides to making ethical decisions in situations that aren’t as simple as the policies sometimes make them† (Buttry, 2010).Also, with much of the articles and stories done on digital social platforms, the current journalism code of ethics is lacking guidelines on the use of social media. The journalism code of ethics attempts to direct journalists from difficult situations but as the saying goes; it is easier said than done. The scenarios portrayed are too vague and unrealistic. A journalist may find himself in various situations where the code of ethics fails to address. As such, the code of ethics is insufficient. I would recommend an update on the code of ethics with new rules to become more applicable to modern day journalism.When using social media as a platform for a story, be aware of the group who might be misrepresented because they do not use social media as often. For the section headlined protecting sources of information; if a journalist assures a source that he would keep the informant’s identity a secret, he must keep his word under all circumstances. I would like to add, do not publish critical opinions from people seeking confidentiality. The motives of sources should always be questioned. Peo ple who wish to express personal opinions in the media should always stand behind their opinion. Objectivity and fairness.A journalist must always be objective when he writes a story. I would like to add, keep an open mind to all views, even views that we are uncomfortable with. It is in reality, harder to write objectively if the subject interest or disgust us. Suppose men like Hitler and Osama bin laden whom many consider to be evil, are still living among us today. And suppose an update comes in and says that Hitler is now confirmed dead! Or Osama bin laden successfully unleashed another major terror act upon innocent citizens. And yet, the journalist must refrain from cheering or groaning in disgust and report fairly.Also, journalists should be fair to all sources. Official and unofficial sources can both be of equal validity. The line between economic pressure and doing a favor can be rather thin at times. The same scenario stated in the study guide; if you work for a small-tim e newspaper, which is in financial difficulties, you might be asked by an advertiser to write an article in favor of a particular product, company or even a person in return for buying advertising space in your newspaper. It will be against the integrity of the journalist to praise said product, company or person if he does not believe in them.He would be yielding to economic pressure if he complies. However, if the same journalist deems the product, company or person to be acceptable to him and the public and thus agrees to do the advertiser the favor, is it still against journalistic ethics? As such, I would propose a new rule; a journalist while in full knowledge that the product, company or person is of little or no benefit to the public, must never promote or write favorably about that product, company or person, to be better than it is. Acceptance of gifts is prohibited. A journalist should not demand payment in cash or in kind for journalistic work.And he cannot accept them e ither, even if they come without demand. This is necessary to ensure fairness and credibility. However, the code of ethics offers no guide regarding how a journalist should donate to support a cause or a political group. A journalist is still a person with rights, and his job does not make him any less of a citizen of a democratic society. Referring to the controversial issue where Keith Olbermann donated $7200 of his own money to three candidates running for public office. The incident resulted in the dismissal of Keith Olbermann from MSNBC.Greener (2010), posted: â€Å"Who among us needs to get their employer's permission before making an open and legal political donation? † The code of ethics does not address how journalists may give, only on what we can or cannot receive. It is understandable, that the very nature of the job views any donations by a journalist to be a bias towards the organization. Thus the need for more transparency. I would propose a new rule: A journal ist may contribute freely to any charitable cause, as long as he does it openly and state the details on any articles related to the topic.What should a journalist do if he were to start a personal blog? In this new digital age, the code of ethics is not sufficient in covering the area of digital social media. Do the same rules apply as if the journalist was writing for an official paper? Can he have freedom of speech in his personal blog? Or is he still held accountable for every word. This new rule should be introduced: A journalist may post freely on his personal blog. But due to the nature of his job, he should not comment on any topics he discussed on his official medium, so that he does not compromise his professional integrity.A journalist should be responsible for whatever he writes. The purpose of reporting objectively and fairly is to ensure as little people as possible get hurt or affected by what we write. Even so, it is inevitable that people can get offended sometimes. So, a journalist must admit mistakes and correct them publicly. Print is not the only platform for journalists. Other mediums include photography, video, graphic art designs, audio etc. Due to the different methods of communication, more rules and guidelines are required.A lack of skill or knowledge about different media should not be an excuse for a lapse in ethics. In conclusion, a journalist is held accountable to his own integrity and morals. The journalism code of ethics is merely a guideline, for journalist to consider when they bump into situations in their professional work. Journalism is not as simple a job as what the general public thinks. Much is required of a journalist; commitment, responsibility, compassion, an inquisitive mind. These are merely the beginning of the many attributes a good journalist requires.Of course, one cannot become a good journalist overnight. A professional journalist is built on confidence acquired through experience, by overcoming obstacles a nd holding onto ethics. References Brislin, T. (March 6-8, 1994). An update on journalism ethics in Asia: Values and practices as context for meaning in Japan, China and Korea. In Jounalism Ethics in Asia. Retrieved November 19, 2012, from http://www2. hawaii. edu/~tbrislin/asiaeth. html. Buttry, S. (November 7, 2010). Journalist's code of ethics: time for an update?.In The Buttry Diary. Retrieved November 19, 2012, from http://stevebuttry. wordpress. com/2010/11/07/journalists-code-of-ethics-time-for-an-update/. Greener, R. (November 5, 2010). Keith Olbermann suspended by MSNBC: Like ‘Louie† – I'm shocked! . In The Huffington Post. Retrieved November 19, 2012, from http://www. huffingtonpost. com/richard-greener/keith-olbermann-suspended_b_779736. html. SPJ Code of ethics. (1996-2012). In Society of Professional Journalists. Retrieved November 19, 2012, from http://www. spj. org/ethicscode. asp.

Senior Project on the Importance of Exercise for Young...

Exercise is physical activity that enhances or maintains physical fitness, but it is not limited to simply physical maintenance it can help in mental elasticity. As a small child is developing the brain is still in midst development. You can almost think of the brain as a muscle, but it is not directly exercised. Yet, in the process of playing games or simple activity can sharpen puzzle solving skill and elasticity for children. It still works for older people, but in age the brain becomes less elastic making the best time to give puzzle skills and general increased connectivity is while still a child. Then again one needs not forget the physical fitness aspect of exercises in increasing the longevity and quality of life. Then again it is no better time to form good habits then as a young child, it always seems to stick in long-term memory easier and longer when trained into it. Exercise also benefits cardiovascular fitness leading to less heart disease in old age. I always see one o f the most annoying things in my mind â€Å" I’ll exercise tomorrow† that there in essence why many people this day and age have a increase chance of heart disease and obesity. One does not need to set time aside to exercise. Exercise can be and can take place any place any were just be active. Like waiting in line in the store just standing there, why not do calf raises not as if anyone really cares I have done it countless times. This was the basic aspect I tried to convey to the kids and it isShow MoreRelatedResearch Methods And Methods Of Interdisciplinary Research Essay1297 Words   |  6 PagesGerontology/Social Work and Sociology above reflect this highest level of analysis because without solid data and deep probing of beliefs, many of which date back to childhood and may be subconscious, the age stereotypes of the past will never be different. 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