Articles Of Confederation Essays (376 words) -

Articles of Confederation Articles of Confederation As the first written constitution of the United States, the Articles of Confederation created a legislature where each state was represented equally. The Congress had jurisdiction over foreign relations with the authority to form alliances and make treaties, make war and peace, sustain an army and navy, coin money, establish a postal service, create admiralty courts, and settle disputes between states. Thus, the power vested in Congress allowed it to operate with moderate control over the states. Another successful point was in the allowance of equal votes in Congress for each state and the decree that most decisions be decided by majority vote. However, through these articles, the United States government lacked a sufficient system of taxation. Under the Articles of Confederation the Congress had no power to tax the states, instead it depended on donations by the states. The states desired moderate government involvement and thus, were repulsed by the idea of federal taxation. Lacking in adequate funding, inflation soon overwhelmed the nation. Another obstacle in effective governing was that The Articles did not grant Congress the power to enforce its laws, instead depending on voluntary compliance by the states. In place of executive and judicial branches, The Articles created an inefficient committee system branching out of Congress. Most importantly, any amendment to the Articles of Confederation required the ratification by all the states, a measure that virtually eliminated any chance of change. The negatives of The Articles gradually magnified. The British refused to evacuate from forts in the American Old Northwest. Finally, Shay's rebellion in Massachusetts symbolized the feebleness of the nation, and inadequacy of the Articles of Confederation. Although, some states opposed a radical change in governmental form , it was inevitable by 1787. The Articles of Confederation provided effective management of expansion for the United States. It also gave Congress ample control over guidance of the country. However, The Articles were insufficient in several important matters. Without an executive branch the country lacked a clear, decisive leader. The Congress had no power to lay and collect taxes, nor did it possess the power to enforce its laws, making it virtually dependent on the states. On matters of amendment The Articles left little room for change, relying on an unanimous decision to alter it. Despite, success in expansion policies, The Articles of Confederation was a failure in creating a prosperous and efficacious country that could support and defend itself and its people.

Prelab Work in Organic Chemistry essay

Prelab Work in Organic Chemistry essay Prelab Work in Organic Chemistry essay Experimet Title: Simple Distillation and Characterization of Compounds Separation of ethyl acetate from microscale acetanllide by simple distillation at the semi- level, and characterization by spectroscopy of the two compounds using IR, and NMR by the determination of their physical properties. Experiment Purpose This experiment is purposely carrieed out in order to faclitate the separation of ethyll acetate from acetanilide through the process of simple distillation. This experiment will also seek to identify the IR spectroscopy, melting point, and density of the separated compounds. Questions Distillation: This a method of obtaining more purified liquids or identification of compounds where the initial liquid is first heated up to its boiling point. As the liquid boils, it vaporizes after which it is captured, condensed and collected later. Distillation is applied to the identification as well as purification of compounds. By applying the boiling point of a compound, which is an important physical property, it can be identified from a mixture of several compounds because it can evaporate at that temperature leaving the other compounds. When it comes to distillation as a purification process, the components of a mixture are separated by collecting the condensed compound at different temperatures. This experiment is a demonstration of how to purify a volatile liquid that contains impurities of non-volatile liquid will be done. The volatile component of the initial mixture will be ethyl acetate, which will be captured and condensed as pure ethyl acetate (Carey 72). Distillate: This concentrated liquid product has been extracted after the condensation of vapor in the process of distillation. Forerun fraction: These are usually the first fractions or the transition between fractions that are first distilled in a fractional distillation process. In fractional distillation, the differences of temperature between the points of boiling of the fractions are not large enough, and a series of simple distillations is required. The boiling punt of the forerun fraction is usually low hence, they are discarded being the first. What is the purpose of adding boiling stones to the distillation flask in a simple distillation experiment? The boiling stone is porous and thus contains air within it. Once the stone is heated, as the boiling process of the liquid continues, the air entrapped expands thus forcing its way out of the stone. When this heated gas mixes with superheated liquid it helps in balancing the liquid and the gas phase of the process. Thus, the heat needed in order liquid to change into gas will be reduced, and the transition of the two phases will not be explosive thus bumping fails. Moreover, the boiling stones will ensure even heating of the liquid as well as accelerate the rate of temperature increase. This uniform boil is important in acquiring effective results in distillation, because it will ensure that the light liquid is being distilled out in the process. Since, they inhibit bumping, which may result to the loss of some of the reagents they help in acquiring accurate results (Solomons 44). Objectives of the Experiment The objective is to separate ethyl acetate from acetanilide, which is volatile and non-volatile respectively using simple distillation. Further, the compounds will be analyzed using IR spectroscopy and their respective physical properties such as density and melting point. Procedure The procedure will involve the reaction of the two chemicals in the appropriate condition that would ensure that the expected results are obtained. Limiting reagents The samples to be used will be measured as 50mg of actinide. It will then be put in a conical flask and then 1ml of ethyl acetate will be added using a pipit. A boiling stone will then be added into the mixture. The apparatus will be mounted as shown below and a facet precaution will be taken where the first flask will be mounted on a sand bath.

MGM626-0902A-03 Economics for Decision-Making - Phase 3 Discussion Essay

MGM626-0902A-03 Economics for Decision-Making - Phase 3 Discussion Board - Essay Example Price elasticity will be elastic if a change in price causes a proportionately higher change in demand, i.e., the price elasticity of demand will be greater than 1. Hence a unit change in price will cause a change in demand which is larger than one unit. Inelastic price elasticity is where a change in price causes a proportionately smaller change in demand. In this case the value of price elasticity will be lesser than 1, i.e., a unit change in price will cause a change in demand which will be lesser than one unit. Unitary price elasticity is a case where the quantity demanded changes in proportion to the change in price, i.e., the change in price is equal to the change in demand. Hence the value of unitary price elasticity, as the name indicates, is 1. The reasons for the price elasticity being higher in the Brazil market can be analyzed and researched to find any possible alteration or substitute to the product that will reduce the price elasticity. Also, the trend of the currency exchange rate of Real to Euro over can be analyzed to predict the future values. This will indicate the potential revenue in Euro that can be earned from Brazil market and give a clear indication whether the venture will be profitable. Also, the prices in Real can be set in such a way that would attract more customer base and when the currency is exchanged, the company earns a significant profit

Indeterminate Sentence and Parole Major Criticisms Personal Statement

Indeterminate Sentence and Parole Major Criticisms - Personal Statement Example The main central of indeterminate sentence and parole major criticisms is that neither rehabilitation nor criminal sanctions’ cardinal purpose is the attainable goal. The attainable and suitable aim of justice supported is punishment. Correctional officials have clinched indeterminate sentence outside their intractable desire to regulate the convicts’ behavior, and that is both evil and hypocritical. Effect of the indeterminate sentence can be partly viewed to be overcrowding in prisons. The rehabilitation model’s hypocrisy, disparate sentence, non volitional participation in programs by prisoners, and irrational and unpredictable paroling decisions all pilot to unrest, violence, and prison alienation. In researcher’s view, he would support abolition of both parole and indeterminate sentence. Indeterminate sentence presents disparate sentences obligated for similar crimes. Those disparities reflect socioeconomic and racial prejudices. Indeterminate sentenc e and parole require more supervision time costs regarding the administration, yet they do not satisfy the retributive sentiments of the public. As earlier mentioned, indeterminate sentence causes overcrowding in prisons which may easily result into disease outbreaks in the prison; this is a punishment to human healthy rather than a way of rectifying their behavior. Parole requires enormous expenses due to incompetence and corruption within the system. In addition, there is inaccurate knowledge of those who would be previously convicted.

Questions on Global Issues Essay Example | Topics and Well Written Essays - 500 words

Questions on Global Issues - Essay Example egitimacy as a source of national identity, will open doors for other mediums such as religion and culture to fill the void for nationalism and further threaten the state. This struggle is reminiscent of what Samuel Huntington wrote in his book The Clash of Civilization, he notes that in the post-Cold War era, wars and conflicts will be fought not because of economic or ideological reasons, but because of cultural phenomenon brought about by clashes among civilizations. He argues that Western instruments of modernity will create conflicts with the non-Western world due to the isolation and aggression that it will create. With globalization bringing nations and cultures together, non-Western cultures may feel isolated and threatened. In order to protect themselves, and with no apparent formal channel to do so under the nation-state, religion –being inextricably linked and identified with culture, becomes a crucial refuge and a powerful tool to fight back. However, due to the changes in today’s world – deeper integration between nations and economies, rapid developments in communications and technology (including instruments of war), blurring of national borders, and a growing animosity towards the Western world due to the spread of information among different nations and cultures; conflict, including those propelled by religious beliefs, have taken a new and more complicated face. Religious warfare, unlike the traditional conduct of war, has become more complicated to address because, as Mark Juergensmeyer notes, religious struggle (1) gives the moral authority for extremists to embark on â€Å"catastrophic acts with biblical proportions,† (2) takes generations to succeed, and (3) provide both a personal and symbolic redemption for its perpetrators. By elevating their struggles to a cosmic war, religious extremists not only elevate their fight to be one of good against evil, they also impact public consciousness, bringing awareness, and at times sympathy, to

Using The Evaluation Framework Economics Essay

Using The Evaluation Framework Economics Essay The possession of an ownership advantage gives a firm the opportunity to sell goods overseas but it fails to explain why this is carried out through production in the foreign market rather than exporting to the foreign market. As a result, there is the need for an evaluation framework. LEARNING OBJECTIVES By the end of this Unit, you should be able to understand and grasp the following: the importance of an evaluation framework; the 4 criteria of the evaluation framework; assess the contribution of MNEs in a foreign country by using the Evaluation Framework. THE EVALUATION FRAMEWORK The contribution of MNEs to the development of the host nation, more particularly developing countries or LDCs has been the subject of much debate over the years. Whilst it is generally accepted that MNEs do contribute by way of technology transfer, skills diffusion and by bringing much needed finance capital, nevertheless criticisms abound as to the negative impact of MNEs in that they are viewed as exploiting the local labour force, they transfer outdated technology, and they strip the LDCs of much needed resources. However, MNEs were and still remain a very important ingredient of growth, especially for developing countries. This is why it is crucial for a host countrys government that it should be able to assess FDI in a policy context. The latter process is usually done by way of an Evaluation Framework. An evaluation framework usually encompasses 4 criteria. 3.3 Efficiency of Resource Allocation Efficiency of resource allocation relates to the extent to which there exist complementarities between of economic interests between the multinationals and the host countries. In a similar vein, it highlights the following: under what conditions do the operations of the TNC in a host country contribute to the world economic welfare that could not be achieved before? However, the presence of MNEs in host countries is often prompted by government-induced imperfections including protection from imports. Such a situation mainly occurred when countries were adopting an import substitution industrialization strategy. Adopting an import-substitution strategy entailed a high level of protection, via tariffs, import restriction measures and quotas, which discriminated against exports via explicit and implicit tax of export activities and an overvalued foreign exchange rate. Also, the government used investment license, differential taxes, tax holidays, exemptions and remissions to influence resource allocation between industries and sectors. The proponents of IS strategy firmly believed that they would be able to meet the domestic demand for manufacturing products; provide employment opportunities for skilled labour; ease pressure on the balance of payment and strengthen the long term productive capacity of the economy by importing the production technology via foreign firms  [1]  and by using the infant industry argument. Under such an era of protectionism  [2]  , MNEs were mainly regarded as being of a market-seeking  [3]   nature. Firms set up plant within foreign nations in order to supply their national markets in the most profitable way possible. The key location advantages (in Dunnings terminology) which determined these market-seeking investments were the cross-border transport and communication costs; artificial barriers (import restrictions) to trade in goods and services; the size, income per capita and the expected growth of the local market. Though cost considerations were deemed important and even decisive in certain marginal markets, an efficiency-seeking motivation was deemed to be of a very secondary nature (Pearce, 1999). However, the overwhelming consensus is that IS was a failure  [4]  . IS strategy has turned out to be self-defeating since it has resulted in huge increases in imports of equipment and inputs while transfer pricing constituted a severe drain on foreign exchange. Also, IS granted excessive protection to industries producing inefficiently non-essential goods for high-income elite. Furthermore, fiscal credit and exchange rate policies, coupled with subsidies on imports of capital goods, made it possible and advantageous to entrepreneurs to rely on high capital intensive equipment produced abroad and technology unsuited to the factor proportions prevailing in less developed countries. As a result, a new orthodoxy emerged in the late 60s and early 70s which stressed the role of exports of labour intensive manufactures as an engine of growth. This represented a return to the static theory of comparative advantage with trade based upon different factor proportions prevailing in various countries which meant that the pendulum turned full swing for development policy in LDCs from import substitution to manufactured exports. Export oriented strategy not only encourages free trade  [5]  , but also the free movement of capital, labour, enterprises and an open system of communication. It also entailed more efficient allocation of resources with firms competing internationally  [6]  based on their relative comparative advantages. These considerations, coupled with the emergence of trade blocks, were factors motivating changes in the strategic orientation of MNEs. MNEs underwent a complete restructuring of their global and regional supply profiles. This entailed locating  [7]  manufacturing operations in only a few countries but exporting for a wider market. Each subsidiary were opened to a fully competitive market situation which permitted the realisation of economies of scale and the attainment of optimal efficiency in production (Pearce, 1999). The where to produce clearly gained in prominence during such an era which led to MNEs redistributing their unchanged ownership advantages in order to create an international network of subsidiaries  [8]  which optimised their supply of established range of products. Thus, investments undertaken by MNEs were mainly of an efficiency-seeking nature. However, one should not underestimate the crucial role played by the government during that period. It was not only the choice of trade strategy but also the appropriate role of government policy which was at the heart of the development issue. For example, export-oriented growth and appropriate macroeconomic policies  [9]  were mutually of economic development in the NICs. The integration of NICs into world and regional economies was essential for their long-term growth. This required less government intervention and greater reliance on private initiatives and market forces. It provided an environment conducive to foreign investment and domestic entrepreneurship. The Government was expected to actively promote economic growth and use its resources to direct and support the private industry. It was the pursuit of such appropriate policies by these developing countries governments permitted shifts in their pattern of international specialisation in response to the changing structure of their comparative advantage at different levels of industrial development. As a result, the efficiency of resource allocation improved, the rates of growth accelerated, with benefits accruing to all concerned. DISTRIBUTION Distribution relates to the extent to which the gains arising from the MNEs operations are distributed between the partners. The host country would demand a fair share of the benefits created by the investment. However, the identification of a fair distribution is very difficult since it is almost impossible to price correctly some contribution such as technology diffusion and managerial expertise which are intangible in nature. In addition, the issue of distribution is even more contentious especially when profits of the multinationals are due less to the efficiency of resource allocation and more to market distortions or imperfections created and sustained in the first place by the government to attract these foreign firms. Also, the distribution of such rent is influenced by the relative bargaining strength of the multinationals and the host governments in the light of factors such as tax concessions, tariff protection and labour training. In this light, it may be argued that there is a direct relationship between the bargaining strength of the host country and its level of industrialization such that, the lower the industrialization level, the weaker its bargaining power. Finally, host nations are unable to extract their fair share of benefits because imperfections in the market for factors of production in which the multinationals are strong permits them to earn monopoly rent on these factors. SOVEREIGNTY Sovereignty relates to the ways in which the multinational may compromise the economic independence of host nations in either the short or long term. It highlights how the behaviour of multinationals may compromise the effectiveness of certain aspects of the host countries policies. For example, the intra-group transfer of rent, via transfer pricing practices, may undermine the autonomy of the host countries in areas such as fiscal policy, monetary policy, trade policy and its attempt to control and organize the structure of industries. SELF RELIANCE Self-reliance relates to the ways in which the operations of the multinational may undermine the viability or independence of local firms or enhance their potential. The self-reliance issue also crops up during the investigations of the impact of multinationals on the industrial structure of the host nations; for e.g. the level of concentration and/or modes of operations. It is also concerned with whether the operations of multinationals in the host nations may either enhance or hold back the availability of particular types of skills for local enterprises since there are claims that multinationals remunerate better their employees than local enterprises. However, there is no reason as to why the relationship between local enterprises and multinationals should be a competitive one. They may in fact complement each other rather than act as rivals. For e.g. multinationals may have recourse to indigenous forms for their supply of inputs and this may lead to significant benefits for the indigenous firms by way of improved technology, better quality control procedures and diffusion of skills. EXERCISES 1. MAURITIUS CASE STUDY Mauritius is unique in having had a wealthy class of sugar plantation owners who were actively seeking to diversify their investments in the first years of independence. They have experimented with horticultural and industrial exports, as well as with tourist facilities, for many years. It took the arrival of Hong Kong and Taiwan textile firms to get industrialization going, however. And South African hotel chains first brought the tourist facilities up to world class standards. Why couldnt they do it alone? The key missing ingredient was the much vaunted keystone of the new economy: knowledge. Mauritian investors lacked the depth and breadth of knowledge needed to create viable industry and tourism on their own. The overseas Chinese and South African investors brought in-depth knowledge of how to run an efficient firm. They also had intimate knowledge of customers and their preferences, as well of what the competition was offering. They were able to train the Mauritian workforce, interspersing production lines with faster Chinese workers and more flexible Indian ones to bring up productivity. Domestic investors, whether the sugar barons or more locals of more modest and ethnically diverse origins, unanimously reported that they were not squeezed out by foreign investment. On the contrary, they worked with, learned from, and in many cases bought out foreign investors. Ethnicity has been handled delicately in Mauritius, in surprising contrast to analysts predictions at independence. The few dozen Franco-Mauritian sugar barons who controlled the economy at independence in 1970 faced the classic South African nightmare of being washed into the sea. The majority of the electorate comprised landless descendants of cane-cutters brought in from the Indian subcontinent as contract labor. Yet Mauritians found a stable accommodation, in both politics and the economy. The constitution explicitly recognizes ethnic minorities, providing for 10 percent of parliamentary seats to go to also rans from ethnic minorities that would otherwise not be represented. The tiny new polity attained in two decades an economic transition from monocrop Sugar Island to a balanced economy in which textiles, tourism and sugar are the pillars. New forays are being made into business services, information technology and other diverse export products. Indo-Mauritians are still minimally represented as entrepreneurs, though they dominate the civil service. Sino-Mauritians, hitherto concentrated in smallscale commerce, enhanced their status through association with Hong Kong and Taiwan industrialists whose knowhow and investment initiated the textile sector. Economic tensions are worked out in annual tripartite negotiations between labor, government and employers, most of whom are Franco-Mauritians. Sound institutions have played a critical role in the process. The rule of law has prevailed consistently. The sturdy financial sector, led by Mauritius State Bank since 1828, provides investment capital to both domestic and foreign investors. The British tradition schools graduate fully bilingual, often tri- and quadrilingual students, whom employers find a great asset in the new global economy. Foreign And Local Investment In Mauritius Mauritius was chosen as a case study because it has a reputation as a country in which foreign investment has played a critical and unanticipated role in industrialization, driven largely by good policies. The case study bore this out, but added great complexity to the portrait. Ethnicity was a complicating factor that could have derailed growth, and sound institutions played as important a role as policies in its success. An Overview of Investment Policy and Performance in Mauritius In the 1960s as independence from Britain approached, James Meade and Burton Benedict published several studies that foresaw a bleak economic and political future for Mauritius.11 Meade proposed strategies to improve the standard of living while taking into consideration projected continuing rapid population growth (then over 3% per year). He foresaw pressures of population growth on economic resources on this small volcanic isle and suggested several mitigating strategies, including increasing productivity, encouraging emigration and family planning. Burton Benedict challenged Meades proposed solutions, asserting that even if Meades suggestions on ways to increase productivity were followed, this would not produce results strong enough to counter the population growth problem. To the Malthusian logic in these first analyses, Benedict added concern over the future political stability of Mauritius. He analyzed the 1953 and 1962 censuses and documented the impact of ethnic, religious, caste and linguistic fragmentation on local politics-from the national level to the squabbles over a repair contract for a small town road. He began with the observation that Mauritians rarely identified themselves and others as Mauritians. In 1962 people from the Indian subcontinent were the majority, but did not comprise a single ethnic group. 50.5 percent of the population was Hindu and 16.2 percent Muslim Chinese comprised 3.4 percent of the population, and the General Population, mainly Creoles and Franco-Mauritians constituted 29.9 percent. Although Africans had been brought to Mauritius in slavery, African languages and ethnic groups had melded into a mixed population speaking the Creole French patois that gradually became a lingua franca of the Island. The Indo-Mauritian population was 63 percent Hindu Sanatan and 19 percent Muslim Hanafi. There were generally endogamous minority sects of both major religions (the largest of which were Arya Samaj and Ahmadiyya), as well as Indian Christians. Castes had consolidated into a bipolar mode. They had no corporate organization, but were generally endogamous. Chinese were nearly evenly split between Christians and Buddhists. Indo-Mauritians were further split by language, which sometimes had ethnic connotations. Hindi was the mother tongue of 36 percent of the total population and Urdu of 13.5 percent. Smaller Tamil and Telugu groups rarely intermarried with other Hindus. The General population of metisse, Franco-Mauritians and others was 96 percent Roman Catholic. The Franco-Mauritian families, are mostly descendants of French nobility who fled there during the French Revolution. The British gained control of the island during the Napoleonic wars andgoverned it until 1968, but the French families dominated the domestic society and economy. For the dependency theorists of the 60s, Mauritius was an archetypical monocrop colonial economy. It depended on sugar for 99 percent of exports and one third of GDP. Cane fields occupied 90 percent of arable land. Of that, 55 percent was owned by 25 Franco-Mauritian families, often dubbed sugar barons. The remaining 45 percent of sugar estates were owned by 84,000 small farmers, predominantly of Indian origin. Almost no food was produced on the island. The majority who would dominate numerically in a democratic Mauritius was a land-poor population of former indentured laborers on sugar plantations from the Indian subcontinent. Until recently they had been considered transients, not counted as members of the population. Benedicts complex analysis of the ethnic situation did little to lift the prevailing pessimism about Mauritius future. The colonial government commissioned Meade to head an appointed commission to produce an economic strategy. The Meade Report was to strongly influence the government in creating its initial import substitution industrialization policy. The key recommendations in the Meade Report included tariff protection for certain local industries, a decrease of corporate tax from 40 to 30 percent, tax holidays for five of the first eight years of a company, priority of capital expenditure for projects leading to productive employment and the abolition of tariffs on importation of machine tools and equipment. These policies already focused on investment promotion, a policy which successive Mauritian governments have consistently favored. Even as early as 1960, investment in Mauritius reached 30% of GDP, a figure only recently achieved by the most successful economies in East Asia and largely unheard of in the developing world. At this time, however, neither the new government of Mauritius, nor others in the developing world, had recognized the connection between investment policy and the larger political and economic context. A number of trends of the first government, which was dominated by the Mauritian Labour Party from independence in 1968 until 1982, limited the effectiveness of investment promotion incentives. One concern of foreign investors was political stability. There had been some communal violence just before independence, and the new Hindu dominated government maintained a fragile truce with minorities, including Muslim, Chinese and Franco-Mauritians. Other concerns centered around macroeconomic policies. Currency controls and protective tariffs designed to nurture import substitution industries [for the tiny national market], raised energy and transaction costs and times for potential exporters. The involvement of government in labor/ management negotiations and the creation of state corpora tions in key sectors led investors to take a wait and see attitude toward government. And the fledgling transport and telecommunications infrastructure was barely adequate. The idea of creating an export promotion zone (EPZ) was added to the policy mix in 1970, only two years after independence. It was inspired by the success of Taiwan. Within a year the EPZ legislation was passed. In a stroke of brilliance, industrial leaders and policy-makers realized that Mauritius, being a small island with readily controlled access, could declare the whole island an EPZ-it did not need to have a fenced area. This allowed investors to build in dispersed locations, to facilitate transport for their workers and/or their products. Only a few foreign investors took advantage of the EPZ law in the 1970s, however. Mauritius isolated location in the Indian Ocean, its currency controls and uncertain political situation reportedly influenced the first investors to limit their commitments. What became the flagship textile firm, for example, was set up initially to do only the manufacturing marketing and management were based in Japan and Hong Kong respectively. By the end of the 1970s Mauritius was experiencing many of the same problems that other African countries had with state corporations, protective tariffs, and currency controls. With no petroleum resources, it had been hit hard by OPECs escalation of oil prices and the global economic distortions that ensued. Government was running unsustainable annual deficits, the balance of trade was negative, industry was stagnant, and foreign exchange rationing slowed down all transactions. A devastating cyclone catalyzed a change in direction and in government. An alliance of former opposition parties, the Mauritian Militant Movement (MMM) and Mauritian Socialist Party (PSM), won the 1982 elections, changing the dominant party position for the first time since electoral politics was introduced in 1947. The new government scrapped the mixed strategy of the 1970s, liberalized the currency, retreated from subsidizing state corporations, and put its full efforts into voluntary structural adjustment and promoting export-led growth. In retrospect, a recent government report sees that decision as an inevitable logical consequence of Mauritius geographic situation. The report, Mauritius at Crossroads (1995) explains that as a small island, physically limited by lack of arable land and relying solely on sugar for foreign exchange, Mauritius was condemned to turn to an aggressive export strategy. However, it was not until the early 80s that foreign investment actually took off. And, it appears, partly as a consequence so too did domestic investment take off. Today, according to Mauritius at Crossroads, every Mauritian is taught the concept Export or Die. This philosophy has led to the development of a sound business environment which is friendly to investors, both local and foreign, and which offers an attractive investment incentives package to compensate for the lack of resources and the no-longer inexpensive labor force. The older generation of industrial and government leaders also stresses that Mauritians have learned to make a virtue of their ethnic diversity. The switch to an export-led strategy came at a time of crisis. The ill-paid labor force was still predominantly of Indian origin, as was the government, whereas the industrial sector was led by Franco-Mauritians, Hong Kong/Taiwan investors and a few Sino-Mauritians. Several interviewees described the moment as if they had looked at one another, then at the surrounding hundreds of miles of ocean, and decided that they would sink or swim together. For the export strategy, Mauritius needed to reach out to Hong Kong and Taiwan textile magnates, who had the capital and skills to organize a competitive industry. Franco-Mauritian local capital and know-how, and contacts were needed to open up European markets. A cooperative, trainable labor force was needed to attract investors. And government needed to be fully committed to its investor-friendly strategy. Mauritius had hard-working bilingual predominantly male labor force. They were skilled in farming, not industrial work. Most analysts doubted that Hindu or Muslim women would ever come out of the home and into the workplace. Within six or seven years, Mauritius had full employment, and industrial workers were mainly women. Policies were the main, but not the only factor in investment decisions. Promoting investment has been on the top of the governments industrial agenda throughout the different development phases, but the understanding of what works for investors, for government and for the society as a whole, has evolved continuously. The first clearly defined policy came in 1961, as the colonial government began to prepare for an independent Mauritius, with the Industrial Development Tax Relief Act. The Export Processing Zone took effect in 1971, as one of the first acts of the newly independent government. Support services for exporters were given a fillip in 1981 with the Export Service Zones Act. In 1985, the Mauritius Export Development and Investment Authority (MEDIA) was established as the executive arm of the Ministry of Industry. Its main responsibilities are to attract investment, promote exports and manage industrial estates. Investors clearly weighed these incentives against the inconveniences created by location, lack of local food and fuel supplies and small market size. The only major policy disincentive for foreign investors is that they are not allowed to own land. Government has compensated by providing fully equipped industrial sites for lease. Hotel investors generally partner with a local landowner. In the 1980s Mauritius offered inexpensive labor, but within a decade the development of the textile and hotel sectors had brought wages to a middle level, by world standards. From the late 1980s through early 1990s, Mauritius experienced full employment. Rising wages have gradually priced the textile industry out of its mass-production T-shirt lines, and forced b oth government and industry to rethink development strategies. The Industrial Expansion Act of 1993 was a partial response to this dilemma. Through it Mauritius confirmed its commitment to permanent zero tax rates for exporters, and added a bundle of new-targeted incentive programs, providing for high technology investors, offshore financial services and freeport services. The full range of incentive programs Mauritius which were offered is shown in Table 6.1. To increase confidence in the industrial sector in general, corporate tax for manufacturers who do not qualify for the EPZ zerorate was cut from 35 to 15 percent. Table 3.1: Manufacturing Fiscal Incentives INCENTIVE SCHEMES QUALIFYING ACTIVITIES INCENTIVES Export Enterprise (EPZ)  ·Ã¢â€š ¬Ã‚  All manufactured goods for exports  ·Ã¢â€š ¬Ã‚  Produce of deep sea fishing (Including fresh or frozen fish)  ·Ã¢â€š ¬Ã‚  Printing and publishing as well as associated operations  ·Ã¢â€š ¬Ã‚  IT activities  ·Ã¢â€š ¬Ã‚  Agro Industries  ·Ã¢â€š ¬Ã‚  No customs duty, or sales tax on raw materials and equipment  ·Ã¢â€š ¬Ã‚  No corporate tax  ·Ã¢â€š ¬Ã‚  No tax on dividends  ·Ã¢â€š ¬Ã‚  No capital gains tax  ·Ã¢â€š ¬Ã‚  Free repatriation of profits, dividends and capital  ·Ã¢â€š ¬Ã‚  60% remission of customs duties on buses of 15-25 seats used for the transport of workers.  ·Ã¢â€š ¬Ã‚  Exemption from payment of half the normal registration fee on land and buildings by new enterprises.  ·Ã¢â€š ¬Ã‚  Relief on personal income tax for 2 expatriate staff Pioneer Status Enterprise  ·Ã¢â€š ¬Ã‚  Activities involving technology and skills above average existing in Mauritius and likely to enhance industrial and technological development.  ·Ã¢â€š ¬Ã‚  Applicant companies may come under one of three broad categories: (a) new technology, (b) support industries and (c) service industries.  ·Ã¢â€š ¬Ã‚  No customs duty, or sales tax on scheduled equipment or materials.  ·Ã¢â€š ¬Ã‚  15% corporate tax  ·Ã¢â€š ¬Ã‚  No tax on dividends  ·Ã¢â€š ¬Ã‚  Free repatriation of profits, dividends and capital Strategic Local Enterprise  ·Ã¢â€š ¬Ã‚  Local industry manufacturing for the local market and engaged in an activity likely to promote and enhance the economic, industrial and technological development of Mauritius.  ·Ã¢â€š ¬Ã‚  15% corporate tax  ·Ã¢â€š ¬Ã‚  No tax on dividends Modernization and Expansion Enterprise  ·Ã¢â€š ¬Ã‚  Two broad categories:  ·Ã¢â€š ¬Ã‚  Investment in productive machinery and equipment, such as automation equipment and processes and computer applications to industrial design, manufacture and maintenance CAD/CAM)  ·Ã¢â€š ¬Ã‚  Investment in anti-pollution and environment protection technology to be made within 2 years of date of issue of certificate.  ·Ã¢â€š ¬Ã‚  No customs duty on production equipment  ·Ã¢â€š ¬Ã‚  Income tax credit of 10% (spread over 3 years) of investment in new plant and machinery, provided at least Rs 10 million are spent and this occurs within two years of date of issue of certificate. (This is in addition to existing capital allowances which amount to 125%of capital expenditures.)  ·Ã¢â€š ¬Ã‚  Enterprises incurring expenditure on anti-pollution machinery or plant benefit from a further incentive, i.e. an initial allowance of 80% instead of the normal 50% Industrial Building Enterprise Construction for letting purposes of industrial buildings or levels thereof, provided floor space is at least 1000 square meters. Special conditions: The applicant can only be a company intending to erect an industrial building to be let to the holder of a certificate (other than an industrial building enterprise certificate) issued under this Act or to an enterprise engaged in the manufacture or processing of goods or materials except the milling of sugar.  ·Ã¢â€š ¬Ã‚  15% corporate tax  ·Ã¢â€š ¬Ã‚  No tax on dividends  ·Ã¢â€š ¬Ã‚  Registration dues for land purchase: 50% exemption  ·Ã¢â€š ¬Ã‚  There is also a non-fiscal incentive, namely the disapplication of the Landlord and Tenant Act, i.e. rent control Source: Destination Mauritius, Mauritius Export Development and Investment Authority (MEDIA). Table 3.2: Services Fiscal Incentives INCENTIVE SCHEME QUALIFYING ACTIVITIES INCENTIVES Offshore Business Conduct of business with non-residents and in currencies other than the Mauritian Rupee. Activities include: offshore banking, offshore insurance, offshore funds management, international financial services, operational Headquarters, international consultancy services, shipping and ship management, aircraft financing and leasing, international licensing and franchising, international data processing and other information technology services, offshore pension funds, international trading and assets management, international employment se

Ethan Frome Readers Response :: Essays Papers

Ethan Frome Readers Response I thought the novel Ethan Frome by Edith Wharton was one of the best books that I have ever read. When I started reading the book I thought that it would be about the accident that Ethan experienced instead of the incidents behind it. The novel is also well written, Edith Wharton did a fine job writing a book that I never wanted to put down. I felt as though the story was being told to me and that I actually knew Ethan and Mattie. As well I enjoyed the way that Edith Wharton used a lot of adjectives to make the scenes and story come alive, for example in the end of the story during the sledding scene I actually felt as though I was on the sled with Ethan and Mattie. Only two things in the novel bothered me, the fact that in the beginning of the novel I thought that I would find out what happened to Ethan in more detail and I also wanted Mattie and Ethan to run off together. In the opening of the novel, I thought that I would learn more about the accident and when I finished the novel I thought that I was â€Å"left hanging† when Edith Wharton really did not tell you what happened after she made it seem as thought that is what the novel is about. I also wanted Mattie and Ethan to live happily ever after, maybe it was the female in me but I think that they should have run off together instead of being sensible. In the end of the novel, I was really surprised to find out that Ethan is still married to Zeena, I thought that Zeena might leave Ethan and then Ethan and Mattie could get married. I did notice some of the symbolism that Edith Wharton uses in her novel for example, that there is striking symbolism in the imagery that the author uses, primarily that of winter which depicts coldness, detachment, bleakness and seclusion. I also think that Edith Wharton chose winter as a theme in this novel because it symbolizes emotional and physical isolation, and death that surrounds Ethan. Similarly, the name of the town, Starkfield, is symbolic of Ethan's boring life. Just as Ethan’s house was once new and beautiful it is now worn by many harsh winters in Starkfield, as was Ethan after the accident.