Friday, October 18, 2019
Distributed Connectivity Essay Example | Topics and Well Written Essays - 1000 words
Distributed Connectivity - Essay Example An example of such an application used by engineers is mechatronics. This is a system level approach used in designing electromechanical systems, which incorporates mechanical, electrical and software design systems in formulating new engineering design.(www.ni.com). Engineers are able to improve the design process through the use of graphical tools and design software and are able to experiment with a variety of prototypes by building models of new designs. The integration of various systems, electrical, mechanical as well as computer aided design systems enables testing of the models using the simulation process in order to identify potential faults that may exist and how these can be corrected effectively. Rather than building expensive, real life models that can be costly to construct and test, integrating engineering with distributed connectivity enables the use of graphical computer aided design and simulation systems. This ensures that model building and testing can be carried out within a virtual medium which replicates the real life medium, but at a much lower cost. One of the tools that may be used by engineering in the virtual model building and design process is Field programmable gate array (FPGA) chips, which are able to provide high speed control and measurements. Engineers can use these FPGA chips to run PID control loops at 200 Khz, in order to ensure precise actuator and motion controls. .(www.ni.com). Since such systems also allow user interactivity, this means that engineers can effectively execute modifications and changes as necessary based upon the feedback received from the control systems and graphical interfaces. In general distributed interconnectivity is possible through an increased use of computer based systems, which ensure that processing time is speeded up considerably, with the possibility
Thursday, October 17, 2019
Leaders and policy makers - making tourism more sustainable Research Paper
Leaders and policy makers - making tourism more sustainable - Research Paper Example I declare that this assignment is all my own work and the sources of information and material I have used (including the internet) have been fully identified and properly acknowledged as required in the referencing guideline given in the Course Handbook which I received. Groupwork: all members should be identified at the top of this form, but only one member need submit the work. Please clearly indicate the name/letter of the group. Approval for Extended Submission: Approved Extension Date: (to be completed by the Programme Leader) Contents Contents 3 Eccardt, T. 2004, Secrets of the Seven smallest states of Europe: Andorra, Liechtenstein, Luxembourg, Malta, Monaco, San Marino and Vatican City. Hippocrene Books. 21 1. Introduction: This research paper ââ¬Å"Leaders and Policy Makers- Making Tourism More Sustainableâ⬠will explore the impacts of policies and leadership capabilities on making tourism sustainable. The country chosen in this case study is Malta. The reason behind t he selection of this industry and this country is because the researcher belongs to Malta, and has ample experience in this industry. Tourism is a very important industry and plays an extensive and lucrative role in the economy of any country. The countries which have explored and utilized their own tourism potential are leading the economic charts today all around the world. Analysis of economically developed and developing countries especially those which have a very high per capita income shows that most of these countries have efficiently developed tourism industry at home. Tourism brings foreigners which ultimately lead to increased foreign exchange which is one of the most important indicators of a developed country. For example, Switzerland which is 133rd largest country in the world area wise has 4th highest per capita income figures in the world. Although the economy of Switzerland is very strong and has been persistent over the time but their real source of economic stabil ity and contribution comes from the well developed and lucrative tourism industry. The flourishing GDP of Switzerland is the result of well developed and organized tourism industry. (Aminu, 2009). Tourism industry in Malta can also bring huge foreign capital and foreign exchange to Malta with ample economical benefits. Malta has the tourism potential and can make the best use of it if policies are planned carefully. Tourism industry can be most beneficial if it is developed on a plan that would ensure the future sustainability. Leaders and policy makers can play a very positive and important role in developing a successful, lucrative and sustainable tourism industry. Planning sustainable tourism carefully can lead to sustainable tourism and regular growth of GDP through decades. This is what the policy makers must keep in mind while planning milestones and policies of any industry (Gupta, 2008). This report is based on secondary data. A lot of data has been studied to come up with t his research report. Analysis of the situation has been done on the basis of existing policy documents. Maltaââ¬â¢s climate and sea remain the primary reasons why tourists flock to this resort. A natural harbor present in the island, offering significant protection to naval vessels, has enhanced Maltaââ¬â¢s strategic location for any conqueror that seeks to dominate the Mediterranean Sea. Romans, Normans, Arabs, British and
Market Based Pricing Policy for on Street Parking in Seattle Downtown Research Proposal
Market Based Pricing Policy for on Street Parking in Seattle Downtown Area - Research Proposal Example In the reference to the calculations, it was noticed that price is not an adequate tool to control or change the parking trends and other parking behaviors. Regardless of parking price being increased by the parking department, some regions experienced increased occupancy, others reduced, while the rest remained the same. The study also gives the recommendations to ensure that the objective of reducing traffic and ensuring environment conservation is met. Introduction Seattle is a located in the northwestern region of United States. The metropolitan of the city has over 3.4million residents and it is the 15th largest city in United States. It is also a major sea port bordering the pacific region near Puget Sound and lake Washington around 183 Km from United States of Canada. It was previously inhibited by the Native Americans before permanent settlers occupied the city. Seattle city is very industrialized with logging being the leading industry, it is also shipbuilding centre and hig hly commercialized as it is Alaskaââ¬â¢s gateway. ... The rates were switched from $1-$4/hour; this was to be applied in all 23 parking areas in the city. This report shows parking-pricing survey conducted with an aim of evaluating the new pricing system, it involved collection of large data and this were the results (U.S. Bureau of the Census, 2011). The study Description The study was used to develop recommendations for the purpose of implementation of the new pricing regulation in Seattle and its neighborhoods. The new regulation was put in place by the city council parking department to solve the current fluctuations is compatibility and demand for the current parking technologies. The study was quite extensive as is comprised of paid parking areas data collection, analysis, public engagement systems, and economic analysis. The results will be presented to the sound parking board under the city government which is comprised of different communitiesââ¬â¢ stakeholders. The board will afterwards provide valuable guidelines which wil l used to shape and define the final recommendations provided by the study (Parking pricing study, 2011). Below are the objectives of the new parking regulation: 1) To facilitate parking clients to easily locate a parking destination and at the same time balance the needs of lane users such as the loading and off-loading vehicles and give room for the transits stops. 2) Reduce green house effect, conserve fuel, and reduce traffic congestion while drivers are looking for parking. 3) Develop new communication and technology to ease parking as well as enhancing customer experience. 4) Increase parking near businesses by increasing the parking turnover Data collection methodology The month of June was the most appropriate for
Wednesday, October 16, 2019
Leaders and policy makers - making tourism more sustainable Research Paper
Leaders and policy makers - making tourism more sustainable - Research Paper Example I declare that this assignment is all my own work and the sources of information and material I have used (including the internet) have been fully identified and properly acknowledged as required in the referencing guideline given in the Course Handbook which I received. Groupwork: all members should be identified at the top of this form, but only one member need submit the work. Please clearly indicate the name/letter of the group. Approval for Extended Submission: Approved Extension Date: (to be completed by the Programme Leader) Contents Contents 3 Eccardt, T. 2004, Secrets of the Seven smallest states of Europe: Andorra, Liechtenstein, Luxembourg, Malta, Monaco, San Marino and Vatican City. Hippocrene Books. 21 1. Introduction: This research paper ââ¬Å"Leaders and Policy Makers- Making Tourism More Sustainableâ⬠will explore the impacts of policies and leadership capabilities on making tourism sustainable. The country chosen in this case study is Malta. The reason behind t he selection of this industry and this country is because the researcher belongs to Malta, and has ample experience in this industry. Tourism is a very important industry and plays an extensive and lucrative role in the economy of any country. The countries which have explored and utilized their own tourism potential are leading the economic charts today all around the world. Analysis of economically developed and developing countries especially those which have a very high per capita income shows that most of these countries have efficiently developed tourism industry at home. Tourism brings foreigners which ultimately lead to increased foreign exchange which is one of the most important indicators of a developed country. For example, Switzerland which is 133rd largest country in the world area wise has 4th highest per capita income figures in the world. Although the economy of Switzerland is very strong and has been persistent over the time but their real source of economic stabil ity and contribution comes from the well developed and lucrative tourism industry. The flourishing GDP of Switzerland is the result of well developed and organized tourism industry. (Aminu, 2009). Tourism industry in Malta can also bring huge foreign capital and foreign exchange to Malta with ample economical benefits. Malta has the tourism potential and can make the best use of it if policies are planned carefully. Tourism industry can be most beneficial if it is developed on a plan that would ensure the future sustainability. Leaders and policy makers can play a very positive and important role in developing a successful, lucrative and sustainable tourism industry. Planning sustainable tourism carefully can lead to sustainable tourism and regular growth of GDP through decades. This is what the policy makers must keep in mind while planning milestones and policies of any industry (Gupta, 2008). This report is based on secondary data. A lot of data has been studied to come up with t his research report. Analysis of the situation has been done on the basis of existing policy documents. Maltaââ¬â¢s climate and sea remain the primary reasons why tourists flock to this resort. A natural harbor present in the island, offering significant protection to naval vessels, has enhanced Maltaââ¬â¢s strategic location for any conqueror that seeks to dominate the Mediterranean Sea. Romans, Normans, Arabs, British and
Tuesday, October 15, 2019
Fnancial Accounting Case Study Example | Topics and Well Written Essays - 4750 words
Fnancial Accounting - Case Study Example Our opinions, based on our audits, are presented below. In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of income, of stockholders' equity and of cash flows present fairly, in all material respects, the financial position of Ford Motor Company and its subsidiaries at December 31, 2006 and December 31, 2005, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2006 in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstate ment. ... We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The accompanying sector balance sheets and the related sector statements of income and of cash flows is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. As discussed in Note 27 to the consolidated financial statements, the Company changed the manner in which it accounts for conditional asset retirement obligations in 2005. As discussed in Notes 23, 12, and 10, respectively, the Company changed the manner in which it accounts for defined benefit pension and other postretirement plans, the timing of its annual goodwill and other intangible assets impairment testing, and its amortization method for special tools in 2006.Internal control over
Monday, October 14, 2019
The Salem Witch Trials in 1692 and the Physick Book of Deliverance Dane Essay Example for Free
The Salem Witch Trials in 1692 and the Physick Book of Deliverance Dane Essay When the word ââ¬Å"witchâ⬠comes up in peopleââ¬â¢s minds, they normally picture an old woman with green skin, warts, a pointy hat, and long fingernails who wears black clothes, flies on a broom, and casts harmful spells on others. However, this stereotype is made up by the imaginations of humanity. It all started when religion conflicts began to rise. This was the clash between Christianity and the old religion. Christian leaders began asserting that witches were devil worshippers and savages. In the year 1233, Pope Gregory IX instituted the Roman Catholic tribunal, known as the Inquisition, in an attempt to suppress heresy. At the request of Pope John XXII in 1320, the church officially declared witchcraft and the old religion of the Pagans as a heretical movement and a hostile threat to Christianity. Witches had now become heretics and the persecution against all Pagans spread like wildfire throughout Europe. Therefore, the persecutions, murders, and the torture of innocent people who are claimed as ââ¬Å"witchesâ⬠began (ââ¬Å"How Did it Start? â⬠). This history and the idea of witches lead to the Salem Witch Trials in 1692 and Katherine Howeââ¬â¢s motivation to write her novel, The Physick Book of Deliverance Dane, which is based on the Salem Witch Trials. Katherine Howe was born in Huston, Texas and she holds degrees in Art History and Philosophy from Columbia and in American and New England Studies from Boston University. She is a descendant of Elizabeth Proctor, who survived the Salem Witch Trials, and Elizabeth Howe, who did not. She first learned about her ancestors when her aunt was doing some family research. Due to this discovery, Howe became more interested in this specific time period and she began to wonder how life would be like living as a Puritan in the 1600ââ¬â¢s. Her book, The Physick Book of Deliverance Dane, which is about the Salem Witch Trials, debuted at #2 on the New York Times bestseller list and has been translated into more than 20 languages. Howe moved to Marblehead from Cambridge in summer of 2005 with her husband and she was scheduled to take her Ph. D. qualifying exams that November. So, while trying to relax from her studies, Howe began to think how vastly the popular account of the witch trials differs from the historical understanding of them. As she was walking in the woods, she began to think: ââ¬Å"What if magical were real, but not in the fairy-tale way that we now imagine it? â⬠(Howe ââ¬Å"Question and Answerâ⬠). So, as Howe was trying to imagine what magic would have looked like to the colonists of Salem, she was inspired to write her novel. Howeââ¬â¢s writing style is very attractive to readers. The vocabulary is not very difficult and she writes in a way that keeps the reader wanting to read more. As the reader explores the novel, they can feel the emotions that the characters are feeling and so they are able to relate to them. Also, she writes her flashbacks to the late seventeenth century in the diction that they would have spoken in. This catches the readerââ¬â¢s attention and it shows her dedication and research for this novel. In the 17th century, the church was the cornerstone of life in New England. Most people in Massachusetts were Puritans-colonists who had left England seeking religious tolerance. The Puritan lifestyle was restrained and rigid and it was against the law not to attend church. Since the Puritans were expected to live by this strict moral code, they believed that all sins-from sleeping in church to stealing food-should be punished. They believed that God would punish sinful behavior. When a neighbor would suffer misfortune, such as a sick child or a failed crop, the Puritans saw it as Godââ¬â¢s will and did not help. In addition, the Puritans believed that that Devil was as real as God. Everyone was faced with the struggle between the powers of good and evil, but Satan would select the weakest individuals-women, children, and the insane-to carry out his work. Those who followed Satan were considered ââ¬Å"witchesâ⬠. To the Puritans, witchcraft was one of the greatest crimes a person could commit and it was punishable by death. A strong belief in the Devil, factions among Salem Village families, and rivalry with near by Salem Town combined with a recent small pox epidemic and the threat of attack by warring tribes created a fertile ground for fear and suspicion of witchcraft (ââ¬Å"Salem Witch Trialsâ⬠). In 1692, children were expected to have under the same strict code as the adults-doing chores, attending church services, and repressing individual differences. Any show of emotion was discouraged and disobedience was severely punished. Children rarely played and so toys and games were scare. While girls had to cook and clean, the boys had to hunt and explore. The children of this time period also had to learn how to read. However, most households owned only the Bible and other religious works (ââ¬Å"Salem Witch Trialsâ⬠). This was the childhood of Abigail Williams and Elizabeth Parris. Their strict way of life that they had to live was probably the reason why they were interested in Titubaââ¬â¢s, the Parrisââ¬â¢ slave, magical stories and fortune telling games. On January 20th, 1692, Reverend Parrisââ¬â¢ daughter, Elizabeth, age 9, and niece Abigail Williams, 11, started having ââ¬Å"fitsâ⬠. Ann Putnam, 11, experienced similar symptoms later on. They screamed, uttered peculiar sounds and contorted themselves into strange positions. Doctor Griggs, who attended the afflicted girls, suggested that they were bewitched. In that time, a dog was believed to be a ââ¬Å"familiarâ⬠of the Devil. So, Tituba baked a ââ¬Å"witch cakeâ⬠, which contained the urine of the afflicted girls, and fed it to the dog. This was considered an old English folk remedy (Linder, ââ¬Å"Salem Witchcraft Trials 1692). In late February of 1692, the afflicted girls were pressured by ministers and townspeople to say who cause their odd behavior. The girls accused Tituba, Sarah Good, a homeless beggar, and Sarah Osborne, an elderly impoverished woman. Arrest warrants for the three women were issued and magistrates John Hawthorne and Jonathan Corwin examined them for ââ¬Å"witch teatsâ⬠. Osborne and Good claimed their innocence, but Tituba confessed, ââ¬Å"the Devil came to me and bid me to serve himâ⬠(Blumberg, ââ¬Å"A Brief Historyâ⬠). She described elaborate images of black dogs, red cats, yellow birds and a ââ¬Å"black manâ⬠who wanted her to sign his book. She admitted to signing the book and said that there were several other witches looking to destroy the Puritans. All three of them were put into jail. Soon, the group of afflicted girls began to accuse many people such as Martha Cory, Rebecca Nurse, Dorcas Good, Elizabeth Proctor, Sarah Cloyce, etc. Subsequently, prisons were filled with more than one hundred fifty men and women from towns surrounding Salem. On May 27th, 1692, Governor William Phipps ordered the establishment of the Special Court of Oyer (to hear) and Terminer (to decide) to hear the cases of witchcraft. Bridget Bishop, an older woman who was known for her gossipy habits and promiscuity, was the first case. On June 10th, she was the first person to be hanged on Gallows Hill. As the trials went on, five people were sentenced and hanged in July, five more in August and eight on September. On October 29th, 1692, Governor Phipps released many accused witches and dissolved the court of Oyer and Terminer. He eventually pardoned all the people who were in prison on witchcraft charge (Blumberg, ââ¬Å"A Brief Historyâ⬠). Therefore, the Salem Witch Trials of 1692 was ended. Due to this event, nineteen innocent men and women were hanged for witchcraft, Giles Corey was pressed to death under heavy rocks for refusing to stand trial, and four other died in jail as they awaited trial (ââ¬Å"Salem Witch Trialsâ⬠). After the trials were over, many people, such as Ann Putnam, felt guilty and wrong for taking away the lives of over twenty innocent people. In 1697, the General Court ordered a day of fasting and soul ââ¬âsearching for the tragedy that happened five years ago. In 1702, the court declared that the trials were unlawful. Finally, in 1711, the colony passed a bill restoring the rights and good names of those accused during the trials and 600 pounds were granted in restitution to their heirs. It was not until 1957 that Massachusetts formally apologized for what had happened in 1692 (Blumberg, ââ¬Å"A Brief Historyâ⬠). On the 300th anniversary of the Salem Witch Trials, a witchcraft memorial designed by James Culter was dedicated in Salem. However, the problem of witchcraft still remains today. On March 15th, 2012, there was a conviction of a London couple for a death of a fifteen year-old boy whom they violently abused because they believed him to be a witch. This is not the first time that this has happened in the U. K. Scotland Yard told BBC that they have investigated over eighty-eight faith based child abuse in the last decade. UNICEF reported that in 2010, twenty thousand children were accused of witchcraft were living on the streets in the capital city of Kinshasa. In addition, the Nation Crime Bureau in India states that over 2,500 women have been killed for being suspected for being suspected of practicing witchcraft (Rojas, Witchcraft-Related Violenceâ⬠). Violence against people accused of being witches is a growing problem in the U.K. , India, and Africa. The Physick Book of Deliverance Dane follows Connie Goodwinââ¬â¢s adventure in trying to unravel the truth about the past. Also in her novel, Howe also allows the reader to explore the life of Deliverance Dane, who is included in the Salem Witch Trials in the story. In the novel, Deliverance Dane, a mother who makes tinctures for the sick, is accused of being a witch. Although she posses magical powers, she does not use them for evil. During the time that she is accused, many other women and men are accused along with her. The truth is that ââ¬Å"the people accused in Salem were just regular, everyday peopleâ⬠(Howe 141). No matter how they try to clear their names, the ââ¬Å"witchesâ⬠are all sent to prison. In prison, their feet are clamped with ââ¬Å"a heavy iron cuff, attached with a short length of nautical-grade chainâ⬠(295). Deliverance Dane, Sarah Good, Sarah Osborne, and Rebecca Nurse are some of the women that are accused and hanged on Gallows Hill in the novel. Even though this book is fiction, due to Deliveranceââ¬â¢s magical powers, the novel contains many people who were convicted during the Salem Witch Trials and their deaths. Deliverance Dane, who was really in the Salem Witch Trials, does not have a lot of information about her, except for the fact that she had a husband named, Nathaniel, and that she survived the trials. Because no one knows Deliveranceââ¬â¢s story during the Salem Witch Trials, Howe uses the lack of information to create a story for Dane, which is portrayed in the novel. Because people are so fixed on the idea that witches are not real, Howe shows a surprising twist in her book by giving Deliverance magical powers. Even though the colonists claimed that the accused were witches, there is no exact proof of witchcraft. But, maybe the accused did have magical powers, which could explain the weird fits that the girls wee experiencing. This makes the reader question whether magic truly exists or not. The Salem Witch Trials is not very well known by the people of our nation. So, with the help of this novel, more and more people can be informed about this tragic incident that took place in 1692. Also, this novel shows that witches are not how people in our society imagine them. This books shows to the people that witches are not harmful to the human race and that people should not be wrongly accused for such a ridiculous stereotype. As the critiques of this book are read and compared, they are very mixed reviews. Some readers love the book from the beginning to the end and some people have problems with the way Howe wrote her plot and her characters. Laura Bliss from the Library Journal wrote, ââ¬Å"This enjoyable novel is too slow-paced to be considered a thriller, but its a solid selection that may appeal to readers who enjoyed recent novels about Salems witches. â⬠Although Bliss thought that the book could have gone a little bit faster, overall, she recommends that the book will be a good read. Unlike the Library Journal, Publisherââ¬â¢s Weekly states that ââ¬Å"her [Howe] voice is pleasing, her pacing and emphasis good and her diction clearâ⬠. However, they also say in their review that ââ¬Å"the characters are thin and the plot is predictableâ⬠. According to Publisher Weekly, Howeââ¬â¢s plot in her novel is too original and not exciting. So, because the plot is too easy to guess, it does not leave suspense for the reader, which causes them to get bored when reading the book. They also said that the characters are not built very convincing either. The characters in her novel seem to be missing uniqueness and they lack personality. Even though Howe has received some complains about The Physick Book of Deliverance Dane, she has been praised as well for her extensive research that she had to do to write it (ââ¬Å"Editorial Reviewsâ⬠). For her first debut novel, Howe has done an extraordinary job of bringing the Salem Witch Trials of 1692 back to life. Even though Katherine Howe did not directly experience the Salem Witch Trials, the life of her ancestor, Elizabeth Howe, was taken away because of this event. This gave her the inspiration and maybe some responsibility to let the world know about this event. These trials went on with solely by accusation and without the use of actual evidence of witchcraft. The lives of many innocent people were taken away, which leaves people wondering, ââ¬Å"Why did this ever happen? â⬠This answer to this question will always be a mystery because there could have been many reasons why the colonists reacted like the way they did. Whatever the reason may be, the lives of the people that were taken away will always be in remembrance.
Sunday, October 13, 2019
What are Malaysias main imports and exports
What are Malaysias main imports and exports Illustrate the components of Malaysias imports and exports using a graph or chart and elaborate on it. Which countries are Malaysias main trading partners? Components of Malaysias exports According to Malaysias top 10 trade statistics for year 2009 by MATRADE, the major export products are divided into nine subcategories. Electrical and electronic products are the highest export products valued at RM22.68 billion which is equal to 41.5% of the total exports. While for palm oil, it takes off 6.3% of the total exports and it is equal to RM3.44 billion. Ranking number three for Malaysias export product is the liquefied natural gas which account for 6% or RM3.31 billion of total exports. Crude petroleum is account for 5.9% of total exports. The chemicals and chemical products hold 5.8% of the total exports are rank at number five of Malaysias total export. As for refined petroleum products, it represents 4.2% of Malaysias total export or RM2.29 billion. For machinery, appliances, and parts, these components are rank at number seven which take-up 3.5% or RM1.94 billion of total exports. Manufactures of metal hold 2.6% of total exports. The wood products hold 2.4% of total exports in Malaysia. Optical and scientific equipment are categorized as minority of Malaysia export as it stand for 2.3% or RM1.25 billion for total exports. The remaining percentages represent other export products in Malaysia. Components of Malaysias imports For component of Malaysias imports, there are three main categories of imports by end use. Intermediate goods are valued at 66.4% of total imports. For capital goods, it take-up 15.8% of total imports and for consumption goods, it is account for 7.3% of total imports. Other major import products of Malaysia import products include electrical and electronic products which are valued at 38.4% of total imports. Besides that, machinery, appliances, and parts are account for 8.6% and chemicals and chemical products take-up 8.4%. While for manufactures of metal, it is account for 5.2% of total imports. Furthermore, transport equipment account for 5.1%, refined petroleum products take-up 5%, and iron and steel products take-up 3.7% of total imports. For optical and scientific equipment, it has 3% of total imports and processed food take-up 1.7% of total imports. Crude petroleum is the minority of total imports where it takes up of 1.6% of total imports. The remaining percentages represent other import products in Malaysia. Malaysias Main Trading Partners Main trading partners of Malaysia include Peoples Republic of China which it accounted for 12.9%, Singapore hold 12.7%, and United States of America take-up 11.1% of total trade with Malaysia. Besides that, Japan is also trading partner for Malaysia where there is 11.0% total trade between both Japan and Malaysia. Another trade partner for Malaysia is Thailand. Thailand holds 5.7% total trade with Malaysia. On top of that, total trade between Malaysia and Republic of Korea take-up 4.2%. There are 4.1% trade between Malaysia and Indonesia. While for Hong Kong, Germany and Taiwan, those three countries have 4.0%, 3.4%, and 3.3% trading with Malaysia. The remaining percentages represent other countries which also have trade with Malaysia. Malaysias top 10 export markets are Singapore which taken up 14.0% of Malaysias total exports, Republic of China accounted for 12.2%, United States of America holds 11.0%, and Japan holds 9.8% of Malaysias total exports. For Thailand, Hong Kong Republic of Korea, and Australia, those countries respectively hold 5.4%, 5.2%, 3.8%, and 3.6% of total exports. As for Netherlands and Indonesia, both countries are the minority markets of Malaysias export markets as there are only 3.3% and 3.1%. The remaining percentages represent other export markets trade with Malaysia. Malaysias top 10 import origins are Republic of China (14.0%), Japan (12.5%), United States of America (11.2%), Singapore (11.1%), and Thailand (6.1%). While for other import markets, Indonesia account for 5.3%, Republic of Korea account for 4.6%, Taiwan holds 4.3%, and Germany also holds 4.2% of total imports with Malaysia. Hong Kong only holds 2.5% of imports with Malaysia. The remaining percentages represent other import markets trade with Malaysia. For the export components, we compare between the year 1989 and 2009. We use the commodity sections for comparison. The export for foods has increased from 3, 128.9 in year 1989 to 15, 800.9 in year 2009. As the population has increased and there are more and more countries that involved in open economy, this has lead to the increasing in the exports for food in Malaysia. For beverages and tobacco, from the table, it showed that it is increasing from RM80.2 million to 2, 482.3 million. Besides that, the crude materials and inedible goods also increased from RM12, 656.9 million to RM 13, 161.1 million. This does not show much increased. While for mineral fuels and lubricants, it has more significantly rose from year 1989 to 2009, which it rose from RM11, 023.6 million to 81, 685.7 million. From the table, we can see that there is 605% increase in animal and vegetable oils and fats. The growing rate of animal and vegetables oils and fats is more than 600 is logic as it growth for 20 years long. Furthermore for chemicals, there was significant increase which it increased from RM1, 234.2 million to RM33, 345.4 million between year 1989 and 2009. This is because nowadays, there are many companies which need chemical products for the daily operating. With globalization, export products will raise from one year to another as many companies have came into the industry. Increasing in quantity demanded will also follow by increasing in quantity supplied. That is why export of manufactured goods which includes tin has rose 764.1% for the past 20 years. While for machinery and transport equipment, it has grown from RM21, 982.9 million to RM257, 248.7 million. As the technology in Malaysia has improved, we export our technology to other least development countries. On top of that for miscellaneous manufactured articles, the data showed there is 826.12% increased from year 1989 until 2009. Miscellaneous transactions and commodities also increased from RM201.5 million in year 1989 to RM4, 607.3 million in year 2009. Compare using the same data, we now evaluate on import components. According to external trade data taken from Department of Statistics of Malaysia website, Malaysia import food has increased from year 1989 to 2009. The data shown in 1989, we import RM4, 613.9 million of food and in 2009, we import RM26, 770.3 million of food. For beverages and tobacco, our import has increased 769.7% within the 20 years. In average, it increased 38.48% per year. Besides that, crude materials and inedible has also increased 498.11% that is increased from RM 2, 488.9 million in year 1989 to RM 14, 886.3 million in year 2009. Averagely, it increased 24.91% per year. While for mineral fuels and lubricants, it increased from RM 2, 911.1 million to RM35, 686 million for this 20 years. Furthermore, animal and vegetable oils and fats rose from RM257.1 million to RM4, 977.6 million. As we can see from chemicals, it was RM5, 412.7 million in year 1989 and increased to RM39, 492.2 million in year 2009. Manufactured goods includes tin has rose 432.79% where in average; it increased 21.64% per year from 1989 until 2009. Machinery and transport equipment has the most changes where in 1989, Malaysia import RM29, 233.1 million and it increased to RM222, 578.8 million in 2009. As Malaysia is in developing, we need more high technology machines to increase our production. For miscellaneous manufactured articles, we have total of RM3, 257.5 million import in it and it increased to RM25, 735.7million in 2009. Besides that, miscellaneous transactions and commodities have increased from RM2, 522.8 million to RM9, 865.5 million. When we compare those import and export components for 20 years, overall, Malaysia still has positive net export. In 1989, Malaysia has RM6, 966.4 million. While in 2009, Malaysia also has positive net export with RM118, 354.9 million. What are the benefits of engaging in international trading? Are there disadvantages as well? International trade is known as the trade of goods, services, and capital across the international borders with not much difficulty. The international trade accounts for a good part of countrys gross domestic product. International trade system is growing and spreading quickly because of modern production techniques, advanced transportation system, outsourcing in term of manufacturing and services, and rapid industrialization. It is an essential resource of returns for a developing country. The advantages of international trading have been the most important drivers of development for the last half of 20th century. Countries with well-built international trade have turn out to be successful and have the authority to control the world economy. International trade has also turn into one of the main contributor to the decreasing of poverty. There are several benefits from international trade activities which are: Competitiveness. International trade could maintain cost competitiveness in domestic market where they increase effectiveness in productions, because countries will attempt to accept better ways of production to maintain cost as lowest as possible on order to remain competitive. Employment. It helps a lot in generate more employment through the development of newer industries to serve to the demands of various countries. As a result, international trade can reduce the unemployment rate. Inflation. Due to international trade, a new trend has been observed. Countries, all over the world are making all effort to adhere to monetary policies, which have zero inflation, thereby reducing restrictions in trade worldwide. Offer greater variety of goods for consumption. International trade offer users a lot of options which will not only get better in their quality of life but altogether it will help out the nation to develop. Increase sales and profit. International trade provides an opportunity to the countries to boost up their sales and automatically generate higher profit. Effective allocate and fully utilize the resources since countries are going to manufacture merchandises where they have gain in a comparative advantage. The effect is the waste in replication of resources can be prevented. It aids a lot in protecting the environment from any such of pollution and also gives countries with a superior marketing control. Disadvantage of International trade There are numerous disadvantages arising from international trade. First disadvantage is exhausted of Natural Resources. It means all natural resource will decrease over the time of international trade. It encourages a developing country to export all of its raw material early on to gain the return and become the developed company. Secondly is in term of dependence, import of low quality products increases dependence of foreign countries to the extent which lead to that country has no productive. This mean that businesses, workers and customers are tend to decline in the economies of our trading partners. The production between two countries will stop all together. As example during recession in the Malaysia leads to decreased demand for China exports, leading to diminishing in export profits, lower GDP, lower earnings, decrease in domestic demand and increase unemployment. Loss on agricultural countries in considered as one disadvantage of international trade. In international trade predominantly agricultural countries are loser to the maximum extent. This happen as the demand for agriculturalà product is less elastic; there is hardly any increase in their demand despite fall in the price. International trade also create unemployment to country. It occurs when labour market is competitive where lead to higher wages and together decrease the employment. Trade unions can cause salary to go higher than equilibrium via the threat of strikes. However when the salary is over the equilibrium, it will cause a drop in employment because the company have to pay higher salary or wages and it become the cost to company. So they will decide to reduce the employment. Barriers in long distance trade and different language also create disadvantage of international trade. The long distance such it becomes hard to keep a close rapport linking the buyers and sellers. Every country has possesses its own language, this in because international trade engage in trade connecting two or more countries where there is variety of languages. The different in language creates problem in international trade. International trade involves preparation of number of documents which also creates difficult in the way of international trade. Some laws and regulations are imposing on export and import of products. International trade involves a great deal of risk on long distance, even though the risk has been covered by insurance but there is still involve the extra cost of production because the insurance cost is added to cost. Lastly is the disadvantage in pollution and other environmental problem. International trade can caused pollution and other ecological problems as corporations fail to take account of these costs in the price of merchandise in trying to fight with corporations operating under weaker environmental laws and legislation in some countries. As a company produce product, the pollution will always occurs and to produce the product they will get raw material from export country. Then as long as they have the part or material to use together with demand of good lead to increase in production and pollution. Define foreign direct investment (FDI). What are some of the policies and incentives provided by the local government to boost FDI in Malaysia? DEFINITION OF FOREIGN DIRECT INVESTMENT ( FDI ) FDI is a component of a countrys national financial account. It can be defined as an investment of foreign assets into a domestic structure. A parent business enterprise and its foreign affiliate are the two parties of this relationship. These two sides of entity, they both comprise a Multinational Company (MNC). An example of FDI is when American company taking a major stake in one of the company in china. The company in china is said to be the parent business enterprise whereas an American company is said to be the foreign affiliate for the investment. On the other word, FDI also exists when there is any joint venture between local and foreign company. Naza Kia Sdn Bhd can be stated as one of a joint venture company in Malaysia where the Kia Motors has made its investment to Naza Sdn Bhd. Instead of having an investment via joint venture, FDI also involves in participation in management, transfer of technologies and expertise. FDI can be classified into two types; Inward and Outward. The Inward FDI means that, when theres an investment of foreign capital in our local resources. There are some factors that determine the growth of Inward FDI. The factors are the tax breaks, the relaxation of existence regulations, loans of low rates of interest and the specific grants. On the other hand, the Outward FDI also can be stated as a direct investment abroad which means, our local capital is being invested to foreign resources. Basically, Outward FDI is dealing with the import and export of a country. MALAYSIA: FOREIGN DIRECT INVESTMENT POLICIES. THE FDI REGIME Basically, FDI policies are some set of a rules and regulations to regulate the investment made within those countries. In Malaysia, there is no specific laws that governed FDI activities. However, it is regulated that all foreign manufacturing activity must be licensed no matter what is the nature of the business it is. Malaysia only has Foreign Equity Guideline as a guideline any foreign investment. Until 1998, under the foreign equity guideline, the share limits were made on the performance and conditions set by the industrial policies of the time. For example, in the past years, the size of foreign equity share that allowed for investment in manufacturing sector is based on the share of the product exported. FDI projects that export at least 80% of production. However, the restriction was abolished through decision made by Ministry of Trade and Industry (MITI) when Malaysia desperately needs FDI after the economic crisis in 1998. Besides abandoning the export, Malaysia also has minimized the negative incentives such as: Nationalization and appropriation Double taxation Joint venture: requirements. Domestic employment: restrictions. Restriction on remittance of profit. Other than that, there is also some guidance in order to protect the foreign investment. Foreign investors are guaranteed against expropriation of property without compensation by virtue of Article 13 of the Federal Constitution. Due to the absence of the investment law, Malaysia has relied on the bilateral investment guarantee agreement or IGAs to: à ¢Ã¢â ¬Ã ¢ Protect against nationalisation and expropriation à ¢Ã¢â ¬Ã ¢ Ensure prompt and adequate compensation in the event of nationalisation or expropriation. à ¢Ã¢â ¬Ã ¢ Provide free transfer of profits, capital and other fees. à ¢Ã¢â ¬Ã ¢ Ensure settlement of investment disputes between private parties and Government under the Convention on the Settlement of Investment Disputes (ICSID) of which Malaysia has been a member since 1966 Investment Regime: Malaysia, from http://www.iisd.org/pdf/2004/investment_country_report_malaysia.pdf Other than IGAs, our country also has bilateral Avoidance of Double Taxation Agreements. For the employment restrictions, one must examine the restriction in a domestic context For example, Dobson (1998) wrote that while each foreign Banks subsidiary is limited to hiring two expatriate personnel, this restriction was in fact less stringent than that imposed on domestic banks. Furthermore, the restriction has been somewhat relaxed lately to allow for intra-corporate exchanges and short-term assignments after the economic crisis. On 17 June 2003, the Ministry of Industry and Trade (MITI) has established new guidelines on the employment of expatriate personnel that guarantee automatic approval of certain number of expatriate posts and extend the length of maximum employment for both executive and nonexecutive posts. Again this shows the extreme fluidity of the investment regime in Malaysia. Investment Regime: Malaysia, from http://www.iisd.org/pdf/2004/investment_country_report_malaysia.pdf Here, we can conclude that, even with the absence of specific laws regarding to the foreign investment. Malaysia Government still has some guidance to follow in related with Foreign Direct Investment. MITI plays an important role in determining the guidelines for Foreign Direct Investment. INVESTMENT AND INDUSTRIAL POLICIES By the absence of specific laws considering the investment, however Malaysia do has some policies on Investment and Industries. These policies can be referred as trade policies as well. Basically, Malaysia has begun to have the industrial policies since the 70s and 80s which was focusing on the export. However, this was resulting to the export performance to be the main conditionality for foreign equity ownership and incentives were based on investment project. However, after the years, incentives were based on the product and the activities in order to steer investment towards the 12- targeted industries in the First Malaysian Industrial Plan in the 1986 until 1995. Therefore, investment incentive has become more selective and will be depending on the priority sectors. Below are the lists of major incentives for investment: Pioneer Status Investment Tax Allowance Reinvestment Allowance Incentives for industrial adjustment Incentives to strengthen the Industrial Linkage Scheme: Incentives for both large companies and vendors) Incentives for export Incentives for promoting Malaysian Brand Name Training incentives: including the pre training incentives, Double deduction for expenses incurred for approval training, and Human Resource development fund. Infrastructure Allowance Incentives for Research and Development companies
Subscribe to:
Posts (Atom)