Thursday, February 13, 2020

Foreign Direct Investment in India and China Essay

Foreign Direct Investment in India and China - Essay Example Statistics reveal that in 2001 alone, China received around US $ 53 billion FDI while India's figures did not cross even US $ 4 billion indicating that it was below 10 % of what China had attracted ( Internet, Ong, China, FDI : China V.S. India / chart). If you go further, China had attracted a phenomenal amount of US $ 60 billions in 2004 while India had received a meagre sum of US $ 5.3 billions in that year (Internet, Venkitaramanan, 2005, Para 9). Now it is clear that inflow of FDI into China had increased from $ 53 billion in 2001 to $ 60 billion having a growth of $ 7 billion in just 3 years while India had seen an increase of just $1.3 billion during the period. This difference has been continuously growing year after year making China the most sought after destination for the investing MNCs. And India has been really struggling to attract more and more FDI into its soil. This difference is really vast considering that both countries have opened up their economies and moved ahead with economic reforms becoming the Asian giants. Both of them are high potential consumer markets too because of their huge populations. But, these two countries are still the developing economies and have been desperately looking for huge volumes of FDI for economic growth. Because of the severe resource crunch at home, developing nations have been increasingly looking at alternate investment resources for boosting up their industrial growth and creating employment opportunities. Globalisation and internet revolution have only strengthened the importance of FDI but truly the investing multinational corporations / enterprises go by several factors in choosing the final destination of their huge investments. Krugell argues that the aim of MNCs in internationalising their production is to generate more profits and earn more money through the full exploitation of local markets and cheap factors of production (Krugell, 2005 P 53). It is therefore natural for MNCs to invest in countries that would fetch them cheap but efficient labour and highly rated technical expertise among other things. Let us examine and discuss in detail how these and other factors have been playing different roles in attracting FDI and creating the disparity in relation to China and India. 3 Main essay China has certainly reached an enviable position in relation to attracting FDI. It has become a favourite spot for all MNCs for pumping in their investments. In fact, China had overtaken the US as the top global destination for FDI in 2003 (Internet, Business line, 2004, Para 1). The USA had of course regained its number one position in the very next year, followed by United Kingdom and China (Internet, Venkitaramanan, 2005, Para 3). Standing next only to the US and the UK, China has been consuming major share of the FDI among all the developing nations. When we compare the Chinese position with that of India, we are bound to conclude that India is not that much favoured by the MNCs. But there is a world of difference on the perception of FDI between these two countries. United Nations Organisation (UNO, 2003, P 88) reveals that India does not treat as FDI reinvested earnings by foreign companies, overseas commercial borrowings, investments between direct investors / associate companies / subsidiaries and investments by offshore and domestic venture capital funds. On the other hand, China considers a good number of heads as

Saturday, February 1, 2020

Personal Development Planning Essay Example | Topics and Well Written Essays - 1500 words - 3

Personal Development Planning - Essay Example One has to follow the right strategies towards reaching that career. One has to attend training and learn all the different perspectives and requirements needed to pursue and succeed in that career. Schooling is an important step that make some understand the historical, current as well as future trends in a certain career (Duffy, 2006, p. 55-7). This way, one is able to reshape and his realign his dreams and find the much-needed motivation to pursue the dream to accomplishment. Mentorship plays an important role in enabling one to create important goals and objectives, and plan on methods to pursue them. The attainment of particular set goals and objectives should always pave way for one to set other goals that are much advanced from the previous goals. A good career provides a reliable and favourable opportunity for a person to actualize his dream. In order to ascertain whether your dreams are being met, it is important o have a plan upon which one can always confirm about the particular progress. This plan is usually referred to as a personal development plan; it usually guides one into achievement of the specific set targets in the line of career and other related aspects. I have chosen to pursue a career in public relations, an area that mostly requires spreading of information between an individual or organisation and the public. Public relations is an important practice in business organizations, public and private institutions as well as the public sector. In the career, a practitioner has to gain necessary and reliable exposure to their targeted audience using topics of public interest and different news items that may not necessarily require direct payment. In a company and other business related practices, public relations is aimed at passing information that is aimed at persuading public investors, partners, employees as well as other stakeholders to maintain a certain perspective about its