Friday, November 15, 2019
Maslow and Hertzbergs Theories of Motivation
Maslow and Hertzbergs Theories of Motivation There are two types of motivational theories, process and content theory. Maslow was extremely clear to emphasize that organisations should, within reasons carry out all they can to satisfy needs of all levels in an organisation; whether, considering teams, departments or individuals. (Fincham et. al.(2005)).Ã He also recognised the problem involving this idea, Fincham (2005) states it is hard for us to go backward psychologically A theory which offered a number of predictions about what motivates people in societies offering relatively full employment, when jobs are scarce; employees are motivated solely by deficiency needs. (Fincham and Rhodes, page 197) Real introduction Motivation has increased in popularity over the past era, determining organisational behaviour; theories of motivation are necessary in ensuring comprehensive and promising organisational activities. This essay explores the importance, similarities and differences of motivational theories concentrating specifically on Maslows and Hertzbergs theory; also the essay investigates how team leaders might exercise the two theories to motivate their teams in an organisational setting. Hallway (1991) reveals that by the 1960s motivation became the central concept through which to understand job satisfaction. Motivational theories are divided into two different categories; termed content and process theories. Both Maslows and Hertzbergs theories are in the content category; content theories assume that all individuals possess the same sets of needs (Fincham et al. 2005). Although, Maslows and Hertzbergs theories are both in the content category, both have similarities and differences; it is ex tremely important to investigate both theorys uniqueness and variations. Fincham et al (2005) agues that Maslow was extremely clear to emphasize that organisations and management should, within reasons carry out all they can to satisfy needs of all levels in an organisation; whether, considering teams, departments or individuals. It is extremely important to understand how team leaders can use Maslows and Hertzbergs theories of motivation, in creating; high-quality structured organised and incentivised individuals. Equally, both theories have some relationships between them for instance, the two psychologist categorised ideas into divisions. For example, Hertzberg divided his idea into two factors termed hygiene factor and motivator factor. On the other hand, Abraham Maslow in addition divided the theory into a progression pyramid expressed as deficiency needs and the higher-order needs. Consequently, deficiency needs must be met in order to motivate employees, deficiency needs are similar to hygiene factor, and however the motivators of Hertzberg are likewise similar to Maslows higher-order needs. Furthermore, team leaders must be extremely conscious of the long term objectives and aims of constructing such theories. One purpose of motivation theories is to encourage organisations to respect the feeling and needs of the workforce; there are many ways and methods to satisfy individuals. For instance, according to Hertzberg, providing employees with good working environment; organisations will g radually observe the impact of the motivator factor (after fulfilling the hygiene factor) through the quality of work and productivity. Ultimately, this suggests when employees are enjoying quality working environment, subsequently productivity will increase enormously. Fincham et al (2005) quotes the presence of motivators in a workplace caused enduring states of motivation in employees. Consequently, Hygiene factors normally produce acceptable work environment but not increased in satisfaction. Similarly, Maslow firmly believes that deficiency needs must be met before expecting fully motivated team; deficiency needs consists of three concepts of human necessitate which are Physiological needs (such as environment), safety needs (job security) and social needs such as belonging and love. Fincham et al (2005) clearly demonstrate that the theory is sending strong messages that when jobs are readily available, pay is adequate, and there is a sense of job security, deficiency needs are easily satisfied. As deficiency needs are fulfilled by an employer, the progression in the hierarchy is essential this is because when physiological and security needs are met, this will construct social needs an exceptionally important motivator; team leaders should invest in social aspects of needs this is because an individuals tends to feel odd in a new team; social enhancement is very important to organisations since acknowledgment of the workforce is classed as an incentive; therefore Hertzb ergs motivator factor (recognition) is satisfied. Moreover, recognition is the acknowledgement of someone for doing creditable job nevertheless, motivation theory encourages team leaders to always appreciate team members contribution and therefore close relationship between the two(team member and leader) must be familiarised. Hayes (1997) stresses the necessitate of relationship combination between the team leader and the team, for example, by recognising an individuals needs for support and provision, a team leader is able to engage the provision of training in new skills, giving an individual time off after a demanding period at the workplace and or simply providing emotional support to them. Achieving the above will lead to a teams triumph (achievement) similarly providing team members with feedback on their progress will enhance an individuals confidence to acknowledge their full potential and to attain more. Similarities Hertzberg et al.1959. Hertzberg- psychologist categorised their theories into to category of their own, Hertzberg has split his theory into two factors, he called it hygiene and motivator factor. Whereas, Maslow called his hierarchy of needs, the deficiency needs and the higher-order needs. Maslow Similarity: the theory explains when jobs are readily available, pay is adequate, and there is degree of job security, deficiency needs are easily satisfied (Fincham et al. page 197). As deficiency needs are fulfilled by an employer, the progression in the hierarchy is essential this is because when physiological and security needs are met, this will make social needs an extremely important motivator. Firstly deficiency needs must be met in order to motivate employees, the deficiency needs are similar to hygiene factor, and however the motivators of Hertzberg are likewise similar to Maslows higher-order needs. (Own writing) Both theory did not include monetary reward is a motivator; Maslow defines salary as a norm, whereas Hertzberg referred salary as a hygiene factor which only stops dissatisfaction of employees but do not motivates them. For example, Hertzberg (1972) located salary in the hygiene factor. (Fincham et al. page 195:200, (2005)) it is important to consider the role of non-financial rewards and recognition play in motivating staff. Differences Main difference- psychologist Hertzbergs first account of his theory was that it made the proposals easily testable (major difference between the two psychologists accounts). (Page 199 Fincham, (2005)) Possible difference from Maslow theory: although Maslow has described how the constructs could be measured but the process he has set out were unclear because the complexity of the description (cannot be easily measured which made it difficult for anyone to follow). Fincham et al. (p 198, (2005)) states the operational definitions of the need constructs or other variables such as prepotency were not always clear. And so measurement of them was invariably problematic (Maslow did describe how the constructs might be measured but the process he set out was extremely complex and never followed by anyone) Although, Hertzberg theory illustrate how employers can motivate their employees, Hertzberg goes further than that, he also described how jobs can be changed to gain well-motivated workforce for the long run. (Fincham et al. P200, (2005)) How can a team leader motivate his team? Herzberg motivators- the presence of motivators in a workplace caused enduring states of motivation in employees (Fincham et al. Page 199, (2005)) Subsequently, Hygiene factors normally produce acceptable work environment but not increased in satisfaction. 09.11.2010 written By the 1960s motivation had become the central concept through which to understand job satisfaction. (Page 97,work psychology and organisational behaviour, Wendy Hallway,1991) Team leader can motivate workers by offering them intrinsic reward. Herzterg believes the only way to motivate employees is to give them challenging work in which employees can assume responsibility. According to Hertzbergs two factor theory, giving employees good working environment, team leaders will eventually notice the impact of this factor through the quality of work and productivity(own writing) According to Hertzberg and Maslow individuals are motivated in certain ways, for example Hertzberg has indicated how job redesigned can incorporate more motivation. Ways of motivating employees according to Hertzberg motivator factor: Responsibility by increasing employees autonomy (independence) while retaining accountability, employees will feel that they possess responsibly which allows them to achieve more. Accountability- increasing accountability of employees for their own work will motivate them by recognising them. Recognition -giving employees feedback on their work enhances an individual confidence. Hayes (1997) stresses the necessitate of relationship combination between the team leader and the team, for example, by recognising an individuals desires for support and provision, a team leader is able to engage the provision of training in new skills, giving an individual time off after a demanding period at the workplace and or simply providing emotional support to them. Achieving the above motivator (Hertzbergs motivator factor) will lead to teams triumph (achievement). Promotion- Achievement- assigning individuals specific and specialised tasks enhances the expertise of an employee. Above are motivators of Hertzberg theory of motivation, Hertzberg (1972) believes these motivators contributes to development and promotes psychological growth. Consequently, in Maslows higher-order needs, he includes self esteem and self actualisation, Maslow firmly believes that these needs will promote an individual full potential. Stress is the cause of many illnesses whether psychological or physical illness, for example, Parkinson et al (1995) have stressed out that research on stress had revealed the cause of psychological illnesses. Motivating employees, team leaders are able reduce the occurrence of stress, stress is mainly caused when a job or the role of an employee is repetitive or is lacking variety. Employees prefer to use variety of skills but when a job is repetitive, limited skills are been consumed which causes stress amongst employees. Fincham et al. (2005) , demonstrates the level of stimulation a job provides is likewise associated with the amount of stress it can cause employees to experience. Even though it is possible to contradict and criticize this finding, some believe routine work is common in some workplaces. Individuals have a tendency to be uninspired by repetitive and lack of variety in work, consequently team leader can motivate their team using Maslow and Hertzbergs theory of motivation. There are many ways and methods of motivating employees, one example rotating roles between individuals will result in a significantly high motivation. According to Hollway (1991) there were various attempts that have been applied since the first world war to solve the problems caused by repetitive jobs, Walker (1950) quoted in Hollway (1991) mentions within industry a variety of devices have been tried for a relief of monotony in highly simplified, repetitive operationintroduction of rest pauses, music in the workshop and the grouping of workers into competitive teams. Although using music in the workshop can be quite interesting for some employees, others will argue that not everybody can be motivated by music, instead music can also bee moderately stressful.
Wednesday, November 13, 2019
Essay --
Canadaââ¬â¢s tried to remove assurances that Canada would support its allies in future wars, but failed. â⬠¢ In 1921, Canadaââ¬â¢s population was approximately 9 million citizens from which the majority was English Canadians. â⬠¢ Canada was troubled by the lack of unity with its people. Disagreements and arguments arose that interfere governmentââ¬â¢s policies â⬠¢ Many French Canadians wanted to separate Quebec from the rest of Canada. â⬠¢ In the general elections held in 1921, the liberal Party held the most seats and won the elections. The liberal party was led by Mackenzie King. â⬠¢ Mackenzie King served as a prime minister of Canada three times: from 1921 to 1926, 1926 to 1930, and 1935 to 1948. â⬠¢ He worked to improve Canadian self-government in foreign relations and to unite English and French Canadians. â⬠¢ J.S Woodsworth together with William Irvine won seats in the Canadian Parliament. Together they wanted churches in Canada and that the government to become more active on such social issues as alcohol abuse, the hardship of immigrants, labor conditions, poverty and prostitution. â⬠¢ Canada was asked and other dominions to send troops to help participate to help the British to hold a position at the Turkish port in Chanak. â⬠¢ Canada disagreed to support Britain in the potential war with Turkey. â⬠¢ First time, Canada did not automatically support Britain in war. â⬠¢ In the ââ¬Å"Imperial Conference ââ¬Å"in London, Mackenzie King eager for having a common foreign rule for all the British Empire. â⬠¢ In 1923 Canada signed freely with the U.S. the halibut treaty to control fishing in the Atlantic, pacific oceans and the Great Lakes. â⬠¢ First time, Canada signed a treaty without including Britain. â⬠¢ At the ââ¬Å"Imperial Conference ââ¬Å"Canada was allowed to sign treaties on i... ...the Canadian confederation in 1949. â⬠¢ 1972, British citizens living in Canada are no longer able to vote in the Canadian elections. â⬠¢ Canadian medals for military courage, bravery and valor were created and given. â⬠¢ 1980, the Canadian national anthem was created. â⬠¢ ââ¬Å" Dominion day ââ¬Å" is renamed ââ¬Å"Canada Dayâ⬠â⬠¢ 2004, letter of credibility from foreign ambassadors are now formally addressed to the governor general of Canada. â⬠¢ 1982,Constitution act is revised â⬠¢ No longer can the British parliament make changes in Canadaââ¬â¢s constitution. â⬠¢ In 1925 Mackenzie King made his first idea for the national flag of Canada, it was very hard to get an approval, agreement among all. â⬠¢ In 1946, King selected a parliamentary committee to choose a flag design. â⬠¢ On Feb, 15, 1965 Canada had its own national flag. â⬠¢ Union Jack was Canadaââ¬â¢s unofficial national flag, it was Britainââ¬â¢s flag
Monday, November 11, 2019
Great Power Hegemony
Name: Sayed Jamaluddin Firozi, St no: 1B1019 Great power hegemony There is a question that which system (empire, balance of power, concert of power or great power hegemony) provides the best conditions for advancing peace, prosperity and civilization? There are several opinions about the advantages and disadvantages of each system and the functions, abilities and disabilities of them to maintaining the peace and stability in international arena. But I want to argue on hegemonic power system as a preventer of war among states and a maintainer of peace as comparison to other suggested types of system for advancing peace, stability and civilization in all over the world. Hegemonic power system is the best system for advancing peace, prosperity and preventing war among states comparing to other types of systems such as empire, balance of power, and concert of power. In this paper I will argue that as history of international relations show most wars and conflicts among states occurred in a lack of a hegemonic power because a hegemonic power try to act as a policeman and donââ¬â¢t let the states to start war. If war happens mostly the super power will enter the war to stop it because the hegemonic power does see itself as a policeman to have the right to intervene. So, hegemonic power is good for making peace and stability in the world. There are many reasons that great power hegemony system could be the best option for developing peace and preventing the war. It is clear that two world wars happened in the absence of a great hegemonic power. For example if in the 1910s there was great power hegemony the First World War may did not happen. In addition, hegemonic power system naturally makes its allies and donââ¬â¢t want to go just for its own interest but also look for others as well. In contrast in balance of power each actor in the system try to pursue its national interests and want to increase the power in terms of military or other resources. Furthermore, great power hegemony can be very helpful in cooperation among states, because the hegemonic power bear the most cost of transaction in the system. For example USA as a hegemonic state ââ¬Å"pays the 22 percent regular expenditure of United Nation and 25 percent of the budget while UN goes for peacekeeping operations around the world. On the other hand, ââ¬Å"the system of balance of power doesnââ¬â¢t seem to contribute the cooperation among states but in contrast it pushes the states to go for a competition and armament race because each state in the system will increase its capabilities to make the balance in the system. Eventually this competition will lead nation state to build its arm forcesâ⬠. However, there are some arguments about the weakness of hegemonic power to prevent states from going to war. They argue that hegemonic power has its own limitations in term of internal and external barriers to go as policeman around the world. This arguments see very good and logic. But they donââ¬â¢t have any proposal that which system could be the best to make the world more peaceful and prosperous. So, despite these points of view the other types of system such as balance of power or concert of power likely arenââ¬â¢t good replacement for great power hegemony system to be succeeded for making peace and stability in the world. So I will try to give more examples from history of international relations to show the other systems (empire and balance of power or concert of power) couldnââ¬â¢t make a stable and peaceful world. But mostly went to war and there was fear of attack from other country in the era of those systems. In conclusion, there might be some suggestion for advancing peace, prosperity and stability within the system of great power hegemony. References: 1. Luard, Evan. The balance of power: The System of International Relations, 1648 ââ¬â 1815, St. Martinââ¬â¢s Press, New York, 1992. 2. Kennedy, Paul, The Rise and Fall of Great Powers, Random House, New York, 1987 3. Huntington, Samuel P. The Clash of Civilizations and the Remaking of World Order, Simon and Schuster, New York, 1996. 4. Journal of Peace Research. 5. Brooking Institution Press. 6. The Better World Campaign. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â [ 2 ]. . U. S. Dues and Contributions to the United Nations, The Better World Campaign, http://www. betterworldcampaign. org/issues/funding/us-dues-and-contributions. h tml , [ 3 ]. . Journal of p eace research, 1964-2007 (Vols. 1-44), http://www. jstor. org/stable/422972? seq=3
Friday, November 8, 2019
Use of Pastiche in English Prose
Use of Pastiche in English Prose A text that borrows or imitates the style, words, or ideas of other writers. Unlike a parody, which aims for a comic or satiric effect, a pastiche is often intended as a compliment (or an homage) to the original writer(s)though it may just be a hodgepodge of borrowed words and ideas. Examples and Observations: The pastiche prose form openly mimes the content and mannerisms of another written work. Its a respectful, if often jocular, an homage to the work that inspired it. (Its literary cousin is the parody, but that imitation subtly or savagely satirizes its source material.) The pastiche implicitly says, I appreciate this author, the characters, and the fictive world . . . and my imitation is sincere flattery.The affection for Sir Arthur Conan Doyle and his immortal Sherlock Holmes is evident in August Derleths stories about brilliant, deerstalker-wearing Solar Pons of 7B Praed St.(Mort Castle, Write Like Poe. The Complete Handbook Of Novel Writing, 2nd ed. Writers Digest Books, 2010)The secret mechanism of a pastiche is the fact that a style is not just a unique set of linguistic operations: a style is not just a prose style. A style is also a quality of vision. It is also its subject matter. A pastiche transfers the prose style to a new content (while parody transfers the prose style to an inadmissible and scandalous content): it is, therefore, a way of testing out the limits of a style.(Adam Thirlwell, The Delighted States. Farrar, Straus and Giroux, 2007) Parody and Pastiche in The SimpsonsParody attacks a particular text or genre, making fun of how that text or genre operates. Pastiche merely imitates or repeats for mildly ironic amusement, whereas parody is actively critical. For instance, when an episode of The Simpsons loosely follows the plot of Citizen Kane (rendering Mr. Burns as Kane), no real critique is offered of Orson Welless masterpiece, making this pastiche. Yet on a weekly basis, The Simpsons plays with generic conventions of the traditional family sitcom. It also mocks forms of advertising and . . . it occasionally lambastes the form and format of news, all with critical intent, thereby making such instances bona fide parody.(Jonathan Gray, Jeffrey P. Jones, and Ethan Thompson, The State of Satire, the Satire of the State. Satire TV: Politics and Comedy in the Post-Network Era. New York University Press, 2009)Pastiche in Green Days American Idiot (Musical)The sheer volume of the stage bandââ¬â¢s music and the frenet ic rush of action provide constant energy. But tunes recalling the 1950s pastiche of The Rocky Horror Picture Show or, during Weââ¬â¢re Coming Home Again, the Phil Spectoresque Springsteen of Born to Run, have few punk credentials. The indulgent-youths versus dutiful-wives combat of Too Much Too Soon also shows how much [Bilie Joe] Armstrongââ¬â¢s characters are [Jack] Kerouac boys and girls at base, American idiots and ennui unchanged.(Nick Hasted, Green Dayââ¬â¢s American Idiot, Hammersmith Apollo, London. The Independent, December 5, 2012) Pastiche in Peter PanThe apparent contradiction whereby war converts into a game is weirdly captured in Baden-Powells favorite play, J.M. Barries Peter Pan (1904), which he saw many times in the years he was gestating Scouting for Boys. In the Neverland of the play, Peters boys, the pirates, and the Indians relentlessly track after one another in a literal vicious circle that, though it is on one level all burlesque, an excessive late Imperial pastiche of the commonplaces of childrens fiction, is also deadly seriousas the final carnage on Captain Hooks ship vividly dramatizes.(Elleke Boehmer, introduction to Scouting for Boys: A Handbook for Instruction in Good Citizenship by Robert Baden-Powell, 1908; Rpt. 2004)Samuel Becketts Use of Pastiche[Samuel] Becketts cutting and pasting his reading onto his own stock of prose produced a discourse that Giles Deleuze might call rhizomatic or a technique Frederic Jameson might call pastiche. That is, these early works are finally assemblages, intertextual layerings, palimpsests, the effect of which is to produce (if not reproduce) a multiplicity of meanings in a manner that will come to be thought Postmodern in the second half of the twentieth century. . . .Postmodern pastiche would suggest that the only style possible in contemporary culture is travesty or mimicry of past stylesquite the opposite of what Beckett was developing. Intertext or assemblage or pastiche allowed Beckett to assault the idea of style and so (or thereby) develop his own . . ..(S.E. Gontarski, Style and the Man: Samuel Beckett and the Art of Pastiche. Samuel Beckett Today: Pastiches, Parodies Other Imitations, ed. by Marius Buning, Matthijs Engelberts, and Sjef Houppermans. Rodopi, 2002) Fredric Jameson on PasticheHence, once again, pastiche: in a world in which stylistic innovation is no longer possible, all that is left is to imitate dead styles, to speak through the masks and with the voices of the styles in the imaginary museum. But this means that contemporary or postmodernist art is going to be about art itself in a new kind of way; even more, it means that one of its essential messages will involve the necessary failure of art and the aesthetic, the failure of the new, the imprisonment in the past.(Fredric Jameson, Postmodernism and Consumer Society. The Cultural Turn: Selected Writings on the Postmodern, 1983-1998. Verso, 1998)
Wednesday, November 6, 2019
Tartuffe MOLLIERE essays
Tartuffe MOLLIERE essays Tartuffe is a classic story of deceit by one who is trusted and respected. Tartuffe, the deceitful holy man, is living in the house of Oregon. Oregon has opened his doors to Tartuffe, and he greatly respects him for being the good holy man he was thought to be. The rest of the family believe that Tartuffe is a fake and a con. Oregon and Madam Parcelle are the two which believe in his holy reputation. Tartuffe convinces Oregon that he is an incredible man of great holy stature, and Oregon proceeds to sign over to Tartuffe Outward Appearances can sometimes be deceiving. This is evident in the way Oregon looked at Tartuffe. Tartuffe was thought to be a man of great holy influence. Oregon thought Tartuffe was a high holy figure, who was admirable because of his devotion to God. Tartuffe is actually a two- faced con artist who has no interests but that of his own welfare. Oregon is blinded by these ideals. Tartuffe takes advantage of this blindness and attempts to seduce Oregons wife and con Oregon out of all his Another action by Tartuffe was the first steps of seducing Oregons wife. He uses his rosary to pull her in closer. In this episode, Tartuffe is using a symbol of purity and holiness as a tool of lust and sin. At some points, hed be eloquent and dignified, but at times he would be as if he was going after her. There is another aspect to the seduction by Tartuffe of Oregons wife. Molierre has Oregon hiding under a table when Tartuffe is trying to physically seduce his wife. Oregon had never believed his family that Tartuffe was two faced. Oregon, seeing with his own eyes what Tartuffe was doing, finally believes them. This shows that sometimes people dont believe something until they see it with their own eyes. Moilere succeeded in making Oregon and Madam Parcelle stubborn ...
Monday, November 4, 2019
Outline Essay Example | Topics and Well Written Essays - 750 words - 1
Outline - Essay Example This statement to a great extent brings out the basic idea of the service learning and also highlights the basic foundation of service learning. Hence this will be the attention getting statement of the speech. The main aim of the research is to identify companies in the local area of Denver Colorado which support service learning. The research will focus on the companies that support and implement service learning. The statement for preview will be the explanation by Wisconsin Department of Public Instruction: ââ¬Å"Service-learning is a teaching and learning methodology which fosters civic responsibility and applies classroom learning through meaningful service to the community. The strongest service-learning experiences occur when the service is meaningfully immersed in ongoing learning and is a natural part of the curriculum that extends into the communityâ⬠(Public Instruction). The main reason this has been chosen is that it provides an excellent foundation and explanation of the concept of service learning. In conclusion, it is essential to note that there are a number of companies that adopt and support service learning to a great extent. It is also essential to understand that service learning helps in better interaction with others and also helps in spreading the knowledge in a more effective manner. Denver, Colorado has in fact become a hub of service learning and more companies each day adapt service learning or also support it. The success rate of service learning within this area is high and effective. Thank you, now my friend XXXXXX will continue with the
Saturday, November 2, 2019
Globalization in China as it relates to MacroEconomics Essay
Globalization in China as it relates to MacroEconomics - Essay Example (U.S. Commercial Service) China has been doing an admirable job of attracting foreign direct Investment (FDI), which has made it a powerful force to reckon with in the World Economic scene. In 2004, China kept its place as one of the top two destinations in the world of FDI adding $64 billion. Over $564 billion of FDI has been invested in China since it opened to the world in 1979.Executives overwhelmingly consider China to be the undisputed top FDI destination for the third year in a row in 2004. About 40% of global investors expressed a more positive outlook on China's economy, four times the number of executives who had a dimmer view of China. The path to economic liberalization has been a difficult but fruitful one for China. It has triumphed due to its determination and commitment to open up its markets to foreign investors. A Business Week article in 2001 stated that "after two decades of steady but halting reforms, Beijing is now racing to dismantle the last vestiges of a command economy". Let us trace the FDI history in China. Since late 1978, China has carried out massive economic reforms in an effort to restructure its economy to be more market oriented. FDI was one of the primary goals of its reforms. The government has over the years slowly liberalized the restrictions on FDI to gain technology transfer, modern management skills and foreign exchange. The government's first move to entice FDI was taken in 1979 with the Equity Joint Venture Law. This law allowed the legal entry of FDI and provided a statutory basis for the establishment of joint ventures in China. But Investment was allowed in only designated Special Economic Zones (SEZs) and was encouraged via tax incentives. As investments grew, additional laws were required. In 1983 another law was issued which provided greater details on all joint ventures in FDI. The government also expanded the SEZs in 1984.Then it passed Foreign Exchange Balance Provisions and Encouragement provisions in 1986, which facilitated FDI and allowed firms to solve fore ign exchange problems. (Jun Fu, November 2000). In 1994, China conducted a new round of FDI reforms. It abolished the official exchange rate and adopted a market rate. It also abolished the exchange quota retention system. In 1996, the government adopted IMF article A that removed all restrictions on foreign exchange transactions. All these reforms went a long way to boost investor confidence. In the November 1999 US-China WTO Accession Agreement, China agreed to several ground breaking reforms. (Sandra Berkun, 2001). Some of them were: China will phase in trading rights and distribution services over three years, and open up sectors relating to distribution services such as repair and maintenance, warehousing, trucking and air-courier services (US-China Business Council). China committed to allow FDI in its telecommunications industry. Increased access in banking, insurance and securities will be phased in the next five years resulting in full market access in all activities and regions. China also promised national treatment for foreign banks and minority ownership in domestic security firms and more insurance businesses.(Lardy ,1998) Increased access for professional services including accounting, consulting, engineering, medical and Information Technology. (Lardy,
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