Executive Remuneration Principles and practice Coursework

Executive Remuneration Principles and practice - Coursework Example There was a big financial crisis in 2007. The remuneration practices for the executives in large financial institutions and industrial firms played a large role in that crisis.1 The main slogan of these debates was "there should be a fair compensation". The meaning of this line can be implied in the following ways 2 : For gaining a big profit, the managers or the agents interest does not necessarily match with that of the shareholders.3 They run the show according to their convenience and satisfaction, even if that hurts the shareholders sentiments. This can cost the firm to lose a strategically important acquisitions offers and even a takeover decision as well. This might increase the value of the shareholders but the position of the managers will be at stake. If we look into the matter in this aspect, then a fair remuneration is that which is given as per the market condition and value. This should be decided by a healthy negotiation. The second important factor in this regard is disclosure or precisely a better transparency.4 This is also important as far as the accounting is concerned. This acts as an important monitoring tool that deals with the fairness of remuneration. This is beneficial for the company as well as the market authority and the stakeholders that help them put forward a stren uous auditing activity. The people who are in charge of remuneration decision, decide on the remuneration that may not be a fair one and also it lacks transparency. Improvement of the corporate governance policies makes the task of decision-making easier. Promoting fair regulators, negotiations and also few best practices act as boosters to this step.5 There are chances that new and improved decision steps are being added. The purpose of this is not only limited to the creation of an independent board that has an internal remuneration committee, but also to allow the shareholders to be an important part of the remuneration process.6

Postivie and Negative Effects of Televised Sports Essay

Postivie and Negative Effects of Televised Sports - Essay Example Further it has the negative effect because of the tobacco and alcohol industries promote their products through the sports channel which is viewed by large number of adolescents which may cause to start smoking and alcohol consumption at an early age. In this essay these topics are discussed in detail. Telecast of hockey or any other game generates an early awareness and interest in the sport and creates a fan base. Such broadcasting provides a learning feature for viewers. These televised sports event also endorse player profiles enabling admirers to pursue their favorite athlete’s career growths. Spectators who are fascinated and knowledgeable are admirers who are present at games and encourage an excited environment that inspires a team to play well. Televised games generate awareness and interest in the sport where spectators who may not watch a game otherwise. For example the televised Men’s hockey finals in the year 2002 created a great amount of interest and enthusiasm in Canada as there was a record braking television watching spectators of 8.6 million – US Men’s Ice Hockey final on CBC. This game was so extensively viewed and created high awareness to hockey at the global level. This curiosity in hockey offers admirers with a sense of satisfaction for the Canadian game. Over and above these young viewers will build up a craze for the sport as they gain familiarity and understanding of the game hockey. This endorses a positive game atmosphere and develops team inspiration (Mega essay com. 2007) The history of U.S. television is related to the sports. Certainly, Television took off the ground because of sports, recollect pioneering television sports director Harry Coyle. He further adds that at present, sports require television to survive, however it was just the other way round when it first started. The sales of

Career Portfolio Essay Example for Free

Career Portfolio Essay Statement of Authenticity This is to confirm that this is the portfolio of Phalisha Stevens. It contains information detailing his education background, work experience and skills. This document should not be copied either in full or part without prior authority from Genevieve Allen. Personal Mission Statement To look for a demanding position where I can productively apply my strong knowledge of development in medical practice management including physician contracting, utilization review, and quality assurance systems. I would also like to lead with my experience in Revenue Cycle, Business Management, Customer Service, Administrative and/or Program Management, Public Health, Program concepts, Policy and procedure implementation, compliance training, and financial assessments for the good of the organization. Elevator Speech I am hardworking and self-motivated individual with hands on experience and cross functional expertise in development in medical practice management including physician contracting, utilization review, and quality assurance systems ability to provide efficient, timely and accurate results. Have studied and hold in-depth understanding of Business Administration, utilization review, and quality assurance systems, I have been commended for excellent in performance, and outstanding experience in Revenue Cycle, Business Management, Customer Service, Administrative and/or Program Management, Public Health, Program concepts, Policy and procedure implementation, compliance training, and financial assessments. My goal is to become a valuable corporate asset by providing within a challenging and rewarding environment and to contribute effectively to organizational success. Education Background Devry University, BSBA Bachelor of Science in Business Administration– In Process –May 2015 3.18 GPA Resume Genevieve Allen 4549 Dix St NE Washington, D.C. 20019 (425)[emailprotected] To look for a demanding position in a challenging work environment where I can productively apply my strong knowledge of development in medical practice management including physician contracting, utilization review, and quality assurance systems for the good of the organization. Devry University, BSBA Bachelor of Science in Business Administration Supervisor/Bartender/Server- Rookies Sports Bar and Grill 6/2013-Current Seattle, WA, General Manager: Joni Moriarty (Reference)(206) 722-0301 †¢Overlooking communications and duties of the staff †¢Allocating proper tip out amounts to staff †¢Batching sales and depositing correct cash sale amounts daily, also responsible for handling cash banks †¢Inventory of spirits and ingredients for the bar’s nightly production †¢Creating and severing cocktails to all customers in the restaurant †¢Working well with owner, and taking directions and instructions when needed. †¢Updating P.O.S. system when necessary Server- Sunset Alehouse7/2010-10/2011_9/2012-6/2013 Issaquah, WA, Supervisor: Stephanie Salesman (Reference)(425) 391-8395 †¢Always maintain excellent customer service skills. †¢Working well with co-workers, managers, and owners. †¢Communicating properly, as well as resolving any conflicts with guests, co-workers, kitchen, and or managers. †¢ Tipping out bussers and bartenders as well as correctly reporting tips upon each shift completion. Sales Associate-Once Upon a Time On Queen Anne11/2011-9/2012 Bellevue and Seattle, WA, Owner: Janelle McCrackin (Reference)(206) 284-7260 †¢Always maintaining excellent customer service skills. †¢Staying updated and knowledgeable with the hundreds of products. †¢Taking care of invoices, inventory, new products, and pricing. †¢Training new employees, as well as creating daily schedules. †¢Keeping stores organized at all times. †¢Dealing with special orders for customers. †¢Working well with owner, co-workers, and customers. Professional Development and Training Awards and Accomplishments Volunteer History Volunteer Youth Services Manager American Red Cross Carrer development program-City Help, Inc. Professional Affiliation Affiliate member of AHIMA Affiliate member of AAPC Career Path My first year goal is to graduate from Devry University with Bachelor of Science in Business Administration. My two year go is to apply and be a manager of a resort. My five year goal it to find and be in a Property management position where I can use my skills, knowledge and expertise to enable value creation and develop my skills further. Work Samples Referees References Piotrowski, K. (2008). The career cowards guide to resumes: Sensible strategies for overcoming job search fears. Indianapolis, IN: JIST Works.

The Labour Party and New Labour

The Labour Party and New Labour The Labour Party is a political party in the United Kingdom. Founded at the start of the 20th century, it has been since the 1920s the principal party of the left in Britain. Its formation was the result of many years of hard effort by working people, trade unionists and socialists, united by the goal of changing the British Parliament to represent the interests of everybody. The labour Party had been a promoter of social democracy. Social democracy is a form of socialism which aims to reform the capitalist system to reduce social inequality and promote social justice. The core values of the social democracy can be seen in the old Clause IV which supported; equality, redistribution of wealth, social justice, nationalisation, full employment and welfare for all. The dominance of the Conservative Thatcher government with its New Right policies in British politics created a situation which made it increasingly difficult for labour to have any credible influence in the running of the country. The Labour party was seen as a spent force, with its tired policies being viewed as irrelevant and out of touch with the modern world. Something had to change ideologically within the party in order for Labour to have any realistic chance of being re-elected in the near future. When Tony Blair was elected the leader of the Labour party on 21 July 1994, the Conservative party had been in power for 15 years. One of Tony Blair statements about the need for modernisation of the party was very upbeat .Writing in the New Statesman, he stated that the reason we have been out of power for fifteen years is simple -that society changed and we refused to change with it(Marxism Today, 1998;p11) In previous general elections the British electorate had chosen to be governed by the Conservative party. Blairs goal was to make the Labour party electable again with the help of his New Labour rebranding. One of the first tasks Blair took was to re-write Clause IV from the Labour constitution in 1995, to eleminate the commitment to common ownership and in effect to the old style social democracy. These were replaced by commitments to the free market, to the environment, to the ending of discrimination and to equality of opportunity for all. New Labour was first termed as an alternative branding for the Labour Party, dating from a conference slogan first used by the Labour Party in 1994 which was later seen in a draft manifesto published by the party in 1996, called New Labour, New Life For Britain. After becoming leader of the party in 1994, Blair made a decisive break away from Old Labours traditional political stance. In policy terms New Labour often refer to themselves as The Third Way between Old Labour, which they believe to be too radical, and New Right which they consider to have been overly concerned by the principle of laissez-faire and individualism. The Third Way sought to find a middle ground between two rather conflicting ideologies. Traditional Socialism proposed collectivist solutions to most economic and social problems: state ownership of the means of production and major industries, an extensive welfare state, strong trade unions and high levels of personal taxation to finance the redistribution of wealth and income. The New Right, on the other hand, championed free market capitalism, the pursuit of individual self interest, a smaller, reduced role for the state, free labour markets and low levels of personal taxation. Debate and questions have been raised about the political nature of the New Labour and Third Way. The core of them is a question if the Labour party has been changed and modernised indeed, or whether New Labour is in fact Old Labour, which had to use prefix new in order to recall the votes and to return in power? The public discussion of this issue become more intense with labours landslide victory in 1997 .In the late 1980,s party went through a process of policy review. This process provoked reactions from many scholars Some critics argue that new labour is indeed new in the one or the other way (e.g. Heffernan, 2001) other state that it does not represent a break with its younger past but remarks a return to an older paradigm of social democracy (e.g. Shaw,1996) Dealing with specific ideological problem two standpoints can be observed. On the one hand ,some scholar define New labour in many ways as Neo-liberals project which is, in many aspect ,similar to Thatcherism (Hay ,1999 : Heffernan 2001,) Others argue that it does not embrace the absolute social-democracy orthodoxy but still belongs to the family of socialist ideas-even if in a more modern way. Some in this group claim that New Labour managed to find the third way indeed: trying to keep balance between economic success and social i nclusion, between market and society (e.g. Giddens 1998; p7-9). One part of the debate consists of discussion if new labour includes renewed ideology or it if it only presents a new image. Tony Blair implied that new labour ideology, instead of giving importance to state control, class struggle and equality as would be the case with Old Labour-gives much importance to a stable and competitive market, social inclusion and the attainment of economic growth. In Blairs words higher educational standard are the key to international competitive and inclusive society for the future (Blair,1998:p18) New labour strategy is not based on class-distinction .different from old labour which is biased in favour of the working instead ,new labour puts forward an all embracing category that focuses on community .The enemies of new labour are no longer portrayed as belonging to the ruling or middle classes, but are those who are portrayed as harming the community . Such findings relate to class identification. Tony Blair famously declared in 1998 that were all middle class now and has consistently maintained that the class war is over those are the old divisions that we need to get over by, for instance, restructuring education and the labour market . For example ,as Blair argued, education is the best economic policy there is(Driver and Martell,1998:p57) New labour seeks to move from a passive to an active, preventive welfare state. The welfare system should be proactive ,preventing poverty by ensuring that people have the right education, training and support. Tony Blair will commit himself to equality, rejecting Old Labour demands for equality of outcome and defining it as equal opportunities for all in education, employment and as citizens. Opportunity for all was indicated as a goal of New Labour with other similar expressions such as fairness, and social justice as well as other concept of objectives were, sometimes, added with it like equal worth in New Labours language. Then what does actually opportunity for all mean in their context? White (1998) argues that it involves a commitment to real opportunity for basic goods such as employment and education. First of all, as Driver Martell (2000) and Fairclough (2000) indicate, opportunity for all contrasted with, traditional socialists value, equality, in particular, equality of outcome. In other words, it shifted the meaning of social justice from equality of outcome to equality of opportunity. Public spending and taxation is one of the areas where the New labour under Tony Blair is most clearly different from old labour. Policies towards state pensions provide a clear example. Many scholars hold that New labour ideology, strategy and policies are adopted by the Conservative Government. Some key parts of its inheritance from the conservative are identified like attempts to control public spending .privatisation, the growth of means testing and the growth of inequality. New Labour has been very enthusiastic towards the voluntary sector just as the Thatcher government embraced the voluntary sector in the name of liberty and enterprise, New Labour has in the name of community renewal and contributory citizenship. New Labours economic policy is built around the consolidation of a close working relationship between the government and employers, where trade union power hardly features. Although economic policy would not be different from the one that Conservatives introduced, some policies like social welfare aspects would be adjusted in such a way that it would be in favour of society for example, giving extra funding for health and education without significant changes to income taxation. There is a stress on discarding the Conservative reforms that failed, but keeping those that worked .New Labour phrase what counts is what works (Powell, 1999) Tony Blair argued that some things the conservatives got right; we will not change them, where they got things wrong that we will make change (Labour Party, 1997) Blairs conservatism is also reflected in his adoption of the language of the new right: Labours policy documents on welfare and poverty are permeated by the notions of welfare dependency, community, family, obligations,,duties and responsibilities. Rights and entitlements to benefits, and decent schools, healthcare and housing hardly feature at all in this perspective. Under slogan of making work pay, it is intended that the minimum wage, and a partial fusing of the tax and benefit system will ensure that people who move from welfare to work should be financially better. The New Deal Policy of welfare-to-work ,The Working Families Tax Credit scheme are clearly set out within New Labours 1997 Election Manifesto and are seen as a key part of New Labours Third Way policy, which is phrased by the acronym PAP (Pragmatism and Populism). In a series of publications from the Department of the Environment, Transport and the Regions (1998a and 1998b), the Department for Education and Employment (1997), the Department of Social Security (1998) and the Social Exclusion Unit (1998), the institutional structure to progress New Labours urban policy objectives was set out. It was clear from these publications that New Labour saw area-based urban policies as no more than add-ons to mainline policies for housing, health, income support and education. Like Conservatives, Blairs government stressed the interactive nature of urban policy: centrally funded local programmes were set within the wider context of New Labours national programme of social policy reforms in such areas as health, education and the New Deal Welfare for work. In his speech to the 1997 Labour Party conference Blair argued that a decent society is not based on rights. It is based on duty. Our duty to each other. To all should be given opportunity; from all responsibility demanded. There is a pervasive conservatism at the heart of New Labour which forms the basis of Blairs much vaunted vision of a new society. Blair talks of creating a new settlement between the individual and society, wherein the stress on the individual will be accompanied by a new role for social institutions such as family, community and the state. At the forefront of this process is an attack on those on a range of benefits, but this is a wedge to drive a wider agenda of welfare restructuring where we all have the responsibility to provide for our pensions, our healthcare, the education of our children and so on. State provision is to be removed or, at the very least, residualised and stigmatised. This is an agenda to continue with the Tories strategy of privatising what is left of the public sector and cutting the social wage. Although there seems to be a significant continuation of policy in many areas there ate differences as well. The similarities and differences between New Labour and Thatcherism hold varying degrees of importance in these theories. Tony Blair demurred from the Thatcherites in a number of areas, although they were never keen to emphasise them too hard. Unlike her, he wanted a much more cordial relationship with the European Union: unlike her, he wanted a more socially liberal society, and many of his supporters see the introduction of civil partnerships as one of New Labours most enduring changes. Unlike her, he enacted changes to the constitution. Certainly Labours first move was pure free market. The Bank of England gained the freedom to set interest rates and pursue inflation targets. It was bold. Even the Tories had refused to do it, despite pressure from the Adam Smith Institute. The Labour also managed to introduce legislations for Scottish Parliament and Welsh Assembly and reform House of Lords. Conclusion Although the majority of the policies which have been adopted by New Labour seem to be pushing for a neo-liberal or free market political agenda, it is difficult to collectively identify the party under a single ideological heading, because of the varying political stance it has taken on a range of issues. Furthermore I have explained to what extent New Labours social policies can be considered similar to those pursued by previous Conservative government. In general New labour has a clearly distinctive approach from Old Labour, however some policy adoption can be noted with the Conservatives, particularly in the areas of public expenditure, privatisation, the mixed economy, and welfare-to-work. Bibliography: Atkinson, R. and Moon, G. (1994). Urban Policy in Britain. The City, the State and the Market, Basingstoke and London: Macmillan Blair, T. (1998). The Third Way: New Politics for a New Century London: Fabians Society Blair, T. (1996). New Britain: My Vision of a Young Country. London: Fourth Estate. Department of the Environment, Transport and the Regions, 1998a: Regeneration Programmes the way forward, London: DETR. Department for Education and Employment, 1997: Welfare to Work Employment Zones. Department of Social Security, 1998: New Ambitions for Our Country: A New Contract for Welfare. London: DSS Giddens, A.(1998). The Third Way: The Renewal of Social Democracy. Cambridge: Polity Press Giddens, A. (2000). The third way and its critics. Cambridge: Polity Press Hay, C. and Marsh, D. (2000). Demystifying Globalisation Basingstoke: Macmillan Heffernan, R. (2001). New Labour and Thatcherism: Political Change in Britain. Basingstoke: Macmillan

Smoking Tobacco and the Brain :: Biology Smoke Cigarette Nicotine

Cigarette smoking, the chief avoidable cause of premature death in this country, is responsible for more than 300,000 premature deaths each year. Smoking is an avoidable cause of death. The way to avoid it? Quit smoking. But people can't quit because it's too hard -- because smoking is addictive. The Surgeon General issued a report entitled Nicotine Addiction. Throughout its 600+ pages he gives a highly detailed explanation of just why nicotine is addictive. The Surgeon General listed criteria for establishing a drug as addictive and showed how nicotine adheres to these criteria. The following are some of those criteria for determining that a drug is addictive (all information is based on US Department of Health and Human Services. The Health Consequences of Smoking: Nicotine Addiction: A Report of the Surgeon General 1988.): Users develop a compulsive use of the drug despite damage to individual or society. Smoking causes lung cancer, other cancers, chronic obstructive lung disease, heart disease, complications of pregnancy, and several other adverse health effects. Smoking has been associated with antiestrogenic effects such as earlier menopause and increased osteoporosis. Nicotine is known to enter the amniotic fluid, umbilical cord of the fetus, and the breast milk of expectant mothers. Despite these known negative effects of smoking, people continue using cigarettes. The drug is rewarding and drug seeking takes superiority over other important priorities. In a study by Henningfield, Miyasato, Jasinshki (1985) nicotine was seen to act as a euphoriant and at high doses acted similar to stimulants such as cocaine or amphetamines. Nicotine has been seen to produce other desirable effects as well. It is possible that nicotine improves attention, however most studies in this area compare smokers smoking to smokers not smoking, thus it is unsure whether smoking enhances attention or abstinence for someone who regularly smokes impairs attention. Due to a wide range of results, studies have not been able to conclusively show that smoking improves learning or memory; nonetheless, many smokers claim it does both. They also assert that smoking is relaxing and causes pleasurable feelings. Indeed studies have associated the onset of smoking during the teenage years with high levels of stress present at this time. Because smokers believe smoking to cause all of these beneficial effects, smokers will often stop what they are doing to take breaks for smoking in order to maintain the nicotine level to which their body has grown accustomed. The drug produces changes in a person’s mood that are mainly controlled by effects in the brain.

How to Reduce the Rate of Domestic Violence Essay -- Preventing Domest

As professional athletes remind us on a weekly basis, domestic violence is a social problem which continues to plague the nation. Through stricter law enforcement, improved hospital reporting techniques, and nationwide education and counseling, this problem can be reduced. Domestic violence has many different names such as, family violence, battering, wife beating, and domestic abuse. All these terms refer to the same thing, abuse by marital, common law, or a dating partner in an intimate relationship. Domestic violence is not limited to physical beating. It is any behavior that is intended to overpower and control another human being through the use of humiliation, fear, and physical or verbal assault. Domestic violence is a very important issue in today’s society because it has such a profound negative affect on the abused, mentally and physically. Verbal abuse can be just as damaging as physical abuse. Verbal abuse is words that attack or injure an individualâ€℠¢s self-image, which eventually shatters one’s self-esteem. In this paper, I will discuss the many kinds of abuses against women, the reasons why women stay in these relationships, and possible solutions to diminish or reduce the problems of domestic violence. There are many forms of domestic violence but the more prevalent types that I will discuss are physical abuse, verbal abused, psychological abuse, sexual abuse, social abuse and economical abuse. Every nine seconds, a husband physically abuses his wife in the U.S. (Schwartz & Scott, 2003). Physical abuse is any action that is taken against another person that inflicts pain and harm in order to control or intimidate whether in public or private. Pushing, slapping, punching, biting, kicking are just so... ...ple. Journal of Family Violence. Vol. 20, pg. 219 Retrieved March 1, 2015. Henslin, J. M. (2008). Social problems: A down-to-earth approach (8th ed.). Boston: Pearson. Kurz, D. (1998). Women, welfare, and domestic violence. Social Justice. Vol. 25 pg. 270. Proquest Direct database. Retrieved February 25, 2015. Roberts, A. R. (2007). Domestic Violence Continuum, Forensic Assessment and Crisis intervention. Families in Society. Vol. 88, pg. 42. Proquest Direct database. Retrieved February 25, 2015. Schwartz, M. A., & Scott, B.M. (2003). Marriage and Families. New Jersey: Prentice Hall. Simpson, L.E., Doss, D.B., Wheeler, J., Christensen, A. (2007). Relationship violence among couples seeking therapy: common couple violence or battering. Journal of Marital and Family Therapy. Vol. 33, pg 270. Proquest Direct database. Retrieved February 25, 2015.

Economic and more political

Both leaderships considered the state to be the engine of growth and suspected foreign sector development. In China, foreign Investments were prohibited and the mechanism for foreign trade was monopolized by the Ministry of Foreign Trade. In India, the Foreign Exchange Regulatory Act (1974) reduced foreign equity participation from 51 to 40 percent which led to the exit of companies like MOM, Shell and Coca-Cola. Since that time, both governments have significantly liberalized their FED regimes, however, China has been able to attract a much higher level of foreign Investment. ] Beijing initiated the reform process much earlier than New Delhi and both entries are far more â€Å"FED-led† than other developing countries have been in the past. Nonetheless, the experience of these two large, but strikingly different countries underlies the importance of political economy for growth and development. 2]The divergence of attitudes toward FED can be easily explained by the two countri es' different political systems. China has an authoritarian regime where policy-making is generally regarded as a top-down process, and where the government Is able to be flexible In Its decision-making.Additionally, the Chinese leadership has a clear focus n economic growth. In contrast, the formation of policy in democratic India is much slower. Short-term political calculations dominate as there are frequent elections conducted at different levels- national, state, municipal or village. Interest groups are Important constituencies for Indian parties since they have the ability to provide campaign finances and influence voting behavior.That is why for democratic, post- colonial India, allowing foreign investors to earn huge profits at the expense of domestic firms is unthinkable. A further part of the answer lies in the political economy of the local state. In China. Decentralization of economic responsibility and establishment of special economic zones (Sees) was a key feature in foreign sector reform. Local authorities, responsible for the economic growth of their province, undertook many initiatives to ensure that Sees would attract foreign investors.In India, decentralization was less ‘economic' and more ‘political'. It began In the early 1 sass only because central government lacked sufficient political power and was not able to create an efficient coalition without depending on the state governments purport. Thus, local officials have no direct incentives to promote FED and state governments heavily rely on centrally-led strategies. Helmet City- a special economic zone In Hydrated, designed to attract investments in the IT sector, Is a case In point.Every significant aspect of the project, from negotiations with investors to the design FIFO broadly, local bureaucracy in India- epitomized in this case by the license-quota- permit raja- do not perceive themselves as independent actors in terms of economic reform and oblige central government to be responsible for the implementation of placement programs. Such dependence on central government also has an impact on infrastructure. In China local governments have far greater control over local revenues than in India.Under the new fiscal system that resulted from economic decentralization, Chinese provinces entered into negotiated revenue sharing contracts with the central government. This means that local governments are allowed to keep a share of revenue that they collected before handing over a negotiated amount to the central government. The ability to extract these revenues revised them with the financial resources to build a strong infrastructural base to foreign investors and maintaining a reputation for the rapid completion of infrastructure projects. Unlike in China, the tax assignment system in India is imbalanced: most broad-based taxes have been assigned to the center, while taxes narrow in scope are assigned to the states. The impact is that central government has a greater income and less expenditure whereas state governments are collecting less and spending more. This deficit in local state budgets needs to be balanced by entree funds, which in turn means greater central control of the allocation of financial resources to state governments while simultaneously laying responsibility for infrastructure development on them.Since the central government itself is running on the deficit, transfers to state governments must take second place to central consideration. This has resulted in their decline in recent years, throttling state-level infrastructure investments. State governments are not able to quickly and effectively implement these projects, thus decreasing its appeal to FED. Local states eave a little impact on macro-policy issues but they can provide the base that is crucial for attracting foreign enterprises.Local political economy and the coherence of institutional aims provide a partial answer for the promotion of FED in China. I n India, local policy was one of change Within institutions' rather than change ‘of institutions'. Existing bureaucracy had to adapt to a new circumstances within old institutional arrangements instead of following incentives created by newly established institutions Ã'‘ FED in china grew from us$3. 5 billion in 1990 to us$52. 5 billion 2002; excluding mound-tripping, china's FED inflows could fall to us$40 billion. Those to India rose from SIS$O. Billion to SIS$3. 45 billion during the same time period. Even with these adjustment, china attracted about fifteen times more FED than India in 2002 Ã'‘ FED has contributed to the rapid growth of china's merchandise exports, at an annual rate of 15 percent from 1989 to 2001. In 1989, foreign affiliates accounted for less than 9 percent of Chinese export; by 2002 they provided half. In some high-tech industries in 2000, the share of foreign affiliates in exports was over 90 percent, for example, electronics circuits (91 percent) and mobile phones (96 percent). Ã'‘ In India, by contrast, FED has been much less important in driving export growth, except in information technology. FED in Indian manufacturing has been and remains domestic market-seeking. FED accounted for only 3 percent of Indian's exports estimated to account for less than 10 percent of Indian's manufacturing exports. Ã'‘ On the basic economic determinants of inward FED, china does better than India. China's total and per capita GAP are higher than Indian's, marking it more attractive for racket seeking FED.China has higher literacy and education rates making it more attractive to efficiency seeking investors. China has large natural resources endowments. In addition, china's physical infrastructure is more competitive, particularly in the costal areas (CUTS 2010, Marianne corporation economic research institute 2009). But, India may have an advantage in technical manpower, particularly in information technology. It also has better English language skills. Ã'‘ Some of the differences in competitive advantages of the two countries are illustrated by the composition of their inward FED flows.In ‘CT, china has become a key center for hardware design and manufacturing by such companies as Acre, Ericson, General Electric, Hitachi semiconductors, Hounded electronics, Intel, LEG electronics, Microsoft, Imitate international corporation, Motorola, Neck, Monika, Philips, Samsung Electronics, Sony. Taiwan semiconductor manufacturing. Toshiba and other major electronic trans-national corporations (Tan's). India, on the other hand, specializes in IT services, call centers, business back -office operations and R. Rapid growth in china has increased the local demand for customer durables and non durables, such as home appliances, electronics equipment, Automobiles, housing and leisure. This rapid growth in local demand, as well as competitive business environment and infrastructure, have attracted many market seeking inves tors. It has also encouraged the growth of many local indigenous firms that support manufacturing. Ã'‘ Other determinants related to FED attitudes. Policies and procedures also explains why china does better in attracting FED.