Positive Effects of Foreign Aid to India - 1289 Words

It has been argued for decades that long term foreign assistance is unfavorable for the development of the recipient nation. However, there are some countries that have shown positive effects of foreign aid. India can be regarded as this type of country. According to Global Issues Journal (2011), India is one of the biggest recipients of long-term foreign aid in the world and mainly supported by donors, such as the United States of America and the United Kingdom, and international organizations, similar to the United Nations and the Organization for Economic Co-operation and Development (OECD). The situation in the country seems to be controversial; there is a well-developed country that shows great economic growth and nation with nearly†¦show more content†¦Table below demonstrates the improvements of the Literacy rate for the population aged 7 years and above in the country for the last decades: Years Literacy rate, % Male/Female Persons Male Female Gap 1981 43.6 56.4 29.8 26.6 1991 52.2 64.1 39.3 24.8 2001 65.4 75.8 54.2 21.6 2011 74.1 82.2 65.5 17,3 Source: India Census 2011 The sufficient amount of help was given to the sphere of education but there are some other aspects left to consider such as agriculture. The external assistance for India has been provided since 1950s both financially and technically, and promoted agricultural advancement of the country. Between 1963 and 1972, for instance, in accordance with the program of the United States Agency for International Development, almost 400 American scientists lectured in agricultural universities of India, while more than 500 teachers from Indian institutions have received training in the United States and other countries (â€Å"India Agricultural Trade†, 1995). Help to the agrarian sector in India proceeded in the end of the 1980s and the beginning of the 1990s. The World Bank and its partners supported â€Å"agricultural extension, agricultural credit, dairy development, horticulture, seed development, rain-fed fish farms, storage, marketing, and irrigation† (â€Å"The growth of urban land in OECD regions†, 2011). In addition, severalShow MoreRelatedImpact of New Economic Policy 19911712 Words   |  7 PagesPO SITIVE EFFECTS: 1.Increases Production 2.Diversification of Cropping Pattern 3.Better Price 4.Increased Exports NEGATIVE EFFECTS: 1.Lack of Self-Sufficiency 2.Price Stability 3.Affects Poor Farmers 4.Entry of MNCs IMPACT ON INDUSTRIES Industrialization through import substitution and public sector production with emphasis on heavy industry has been a very important objective of our planning for development. In particular an important distinctionRead MoreExternal Debts and Economic Growth812 Words   |  3 Pageswas conducted on foreign aid, domestic savings and economic growth by (khan Rahim, 1993).the result indicates a positive but insignificant result statistically of economic growth with its varies form of contemporaneous values of economic assistance. Foreign aid shows statistically a significant positive correlation with economic growth. From the regression analysis the result shows negative correlation between foreign aid and domestic effort. In a whole the result shows a positive relationship amongRead MoreForeign Assistance For Foreign Aid1523 Words   |  7 PagesAlthough foreign aid has been going on for hundreds of years, it still remains a controversial topic. Many people have debate d whether or not it actually either helps or harms nations. Foreign aid can help undeveloped states by providing education and health care. However, a drawback to foreign aid is that it can cause countries to become dependent and lead to corruption. Foreign aid is effective when countries don t try to use foreign aid for their own benefit and when coordination and accountabilityRead MoreThe International Industrial And Financial Business Structure1449 Words   |  6 Pagesdriven by global economic trade, globalisation can be defined by actions of development, investment, technological advancement and global communication. The ‘international industrial and financial business structure’ of globalisation has provided foreign economic opportunities of investment. Through adopting adapted versions of globalisation, some developed nations such as the United States has seen continued success. However, the negative ramifications of globalisation for developing nations hasRead MoreThe Positive and Negative Effects of Globalization1570 Words   |  7 PagesThe Positive and Negative Effects of Globalization Is Globalization ultimately positive or negative, or somewhere in between? I believe it depends on who you ask the question, and how it affects their life. For myself, I can’t get passed the negative way it has impacted my life and others around me in the same situation. Those of us who have lost our jobs and livelihood and are now labeled as â€Å"the long term unemployed† have seen our jobs eliminated and outsourced overseas; find it hard toRead MoreForeign Influence and Its Positive and Negative Impacts1285 Words   |  5 Pages Foreign influence. Colonization. Imperialism. All of these arguably had a very positive impact on the world advancing it technologically. However, foreign influence also causes conflicts. For example, Britain split up the Hindus and Muslims in India which led to years of fighting and hatred. The majority of people believe that there isnt a specific cause for genocide. However – as shown by the Sudanese and Rwandan Genocides foreign influence, and the absence of it, plays a big role in causingRead MoreGlobalization and Modernization1215 Words   |  5 Pagessynchronization amongst organized crime syndicates. Through the diffusion of fundamental human privileges, it may aid in the provision of a superior form of sovereignty. But it might also obliterate defenseless groups of people or wreak havoc on economic system that does not jump on board the bandwagon (Global Policy Forum). For analytical purposes, the two regions that will be discussed are Africa and India; since they not only match the criteria set by the instructor but the countries are exposed to the waveRead MoreImperialism During The Late 1800s1658 Words   |  7 Pages The effects of imperialism during the late 1800s had been either the means of ruins of a society or the very means of success for a country. Due to the advanced technology, countries manipulated their new found power to the greatest potential. If not all, many industrialized countries expanded their rule over to foreign lands. As imperialism occurs within a country, the natives have the option to follow the new rulers or get destroyed. With inferior technology only such choice will result forRead MoreEssay On Remittance1488 Words   |  6 Pages the money migrants and immigrants send to their home country, have become the second largest source of external finance after foreign direct investment. World Bank (2013), total remittance flows were $542 billion in 2013, $404 billon of that went to developing countries which is more than three times the size of government foreign aid assistance 70 billion went to India, $60 billion to china, $75 billion to the Philippines, $22 Billion t o Mexico. In Tajikistan Remittances are equal to more thanRead MoreBan On Tobacco Advertisements By The Government Of India1444 Words   |  6 PagesBan on Tobacco Ads by the Government of India Tobacco is one of the world’s most profitable industries. The top three producers of tobacco are: China, Brazil, and India, in that order. These industries provide direct and indirect work for many people in developing countries. Thus, like any good company it wishes to expose its products to the public by investing in ads and other merchandise of its product. All companies end goal (and of course this included tobacco) is to increase the appeal and

Finance in Corporate America - 1850 Words

Joanne Jackson June 1, 2011 Corporate Finance 620 M 600-950 Ch. 12 Mini Case A. Do you think Adam Lee should develop a strategic plan for the company? Why? What are the central elements of such a plan? What is the role of finance in a strategic plan? Yes. The goal of companies is to create more wealth for the owners and for financial managers to make their company more valuable and without well designed strategic and tactical plans in place it is impossible to do. The central elements of a strategic plan are: (1) statement for mission (2) corporate scope (3) corporate objectives (4) strategies (5) the operating plan and (5) the financial plan. The role of finance in a strategic plan is to add more†¦show more content†¦E. Define the term self-supporting growth rate. The self-supporting growth rate is the maximum growth rate that a firm can achieve if it had no access to external capital. Based on the Figure MC-1 data, what is Hatfield’s self-supporting growth rate? Would the self-supporting growth rate be affected by a change in the capital intensity ratio or the other factors mentioned in question d? M (1 – POR)(S0) 0.012(1 – 0.675)(2,000) Self-supporting g = = A0 * - L0* - M(1 – POR)(S0) 1,200 – 100 – 0.012(1 – 0.675)(2,000) $7.8 = = 0.7% $1,092.32 The self-supporting growth rate would be affected by a change in capital intensity because if the capital intensity ratio is high then the lower the self-supporting growth rate will be because the company would need more assets for each dollar of sales they have. The higher the profit margin the higher the self-supporting growth rate because the need for external financing would be low because the company would be able to support the increase in assets. 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Corporate Social Responsibility Wal-Mart Free Essays

An overview of Wal-Mart. In 2005, parts of Louisiana had the worst flooding on record. Thousands of people’s lives were in danger and millions of Americans watched in horror as thousands of Americans were lying in the street without the essentials of life, some were clinging to roof tops, and lying in the streets without food, clothing or shelter. We will write a custom essay sample on Corporate Social Responsibility Wal-Mart or any similar topic only for you Order Now Wal-Mart saw the need to step in and help and reach out. † Inspired by its role in helping Katrina victims, Wal-Mart looked at the impact a company its size could have throughout the world on a daily basis if it embraced corporate social responsibility† (CSR). Ferdinand p. 1) Recently, Haiti and Chili were hit with devastating earthquakes. Who is responsible to help? Wal-Mart felt socially responsible to help. Each business is responsible for having a code of conduct and acting in accordance of its economics, commercial and social goals. Ethical standards should be a part of all businesses. The goal is to practice ethical behavior and always have an intention to being honest, fair and truthful. This is being socially responsible. Social Responsibility is: â€Å"Obligation of an organization’s management towards the welfare and interests of the society which provides it the environment and resources to survive and flourish, and which is affected by the organization’s actions and policies† (Business dictionary). Walmart has accepted social responsibility as a part of its organization. It has worked very hard in the past several years to show how it is not just responsible for its employees, but it is also socially responsible to help a society that needs its products and services on many levels. Jag will explain the policies and procedures of social responsibility. Wal-Mart’s mission statement: â€Å"Saving people money, so they can live better† speaks to the value that Walmart places in corporate social responsibility. Walmart has a philosophy of operating globally while giving back locally. According to Wal-Mart’s corporate website, Walmart provides â€Å"financial and volunteer support to more than 100,000 charitable and community-focused organizations†. The Walmart Foundation was developed to help support large and small organizations with programs that serve on state and national levels. In addition to monetary giving and in-kind donations, Walmart has set responsible sourcing initiatives with its global suppliers to create meaningful and positive change, both environmentally and socially. For example, Walmart is requiring â€Å"all direct import suppliers to source 95 percent of their production from factories that receive one of two highest audit ratings for social and environmental practices. † Furthermore, Walmart uses an approach called â€Å"Sustainability 360† which is a business strategy developed to minimize waste, increase efficiency and find ways to support communities and suppliers that make the business successful. This approach involves redesigning its stores to be more energy efficient and produce lower greenhouse gas emissions, reducing its carbon footprint from its fleet of trucks, reducing plastic bag waste by offering reusable bags, encouraging suppliers to develop more environmentally friendly packaging of products to help reduce waste, and even training its Ethical Sourcing auditors to be tasked with supplier development, or special investigation functions. Furthermore, Walmart carries energy efficient products that are good for the environment, and ultimately help consumers save on energy bills. These products are featured in weekly promotions to help create awareness and educate on energy efficiency. For a company the size of Walmart, the need to be socially responsible is vital is sustaining business. Work Referenced: Business Dictionary. (2010) Social Responsibility. Retrieved December 6, 2010, from http://www. businessdictionary. com/definition/social-responsibility. html Ferdinand, A. (2007) Wal-Mart determined to lead in Corporate responsibility. Retrieved December 6, 2010, http://www. mccombs. utexas. edu/news/pressreleases/Blackwell07. asp How to cite Corporate Social Responsibility Wal-Mart, Essay examples