Operating Theatre Practice Reflective Assessment

Operating Theatre Practice Reflective Assessment Activity 1 Register nurses who work in the operation theatre where they are trained to care patient before, during and after surgery. There they gain both classroom learning and hands on experience. Strengths: â€Å"Strengths-based learning is the process of acquiring knowledge or skills by applying what makes you strong. Put simply, it is new learning that builds on past success.† (Dunedin, 1960) There is strength that is available in my private hospital such as the library, it is to provide better understanding example as Berry and Khons books. The staff or student to get will be able to get information regarding the surgical field. Question and answer are also given by the nurse instructor regarding what procedure is done by the student or staff. Each week every staff has their own date given by the nurse manager to do presentation. Presentation can be done any topic regarding the surgical field. Internet access is also available to acknowledge staff or student to find out information. Staffs are also been sent for fire safety program and advance cardiovascular life support to be able to perform during emergency. Challengers: In every job there are challengers that will give us experience to procedure further. Moreover, in my department as well there is a popular reason of staff shortage. It will be difficult for the any staff to go for training due to no replacement. Too many new learners will also increase the stress level to the mentor because she or he could not handle by observing each student and more mistakes will be done by the student example during the surgical field even though the student or staff are been though to perform swab count but due to lack of supervision mistake may occur. Working long hours in the operation will lead to stress and tiredness to the staff due to dragging of cases. Next day the particular staff couldn’t perform well and more error will occur example medication error during general anaesthesia. There are also some of the surgeon will complain about the staff performance to the nurse manager this will prevent the staff to be assign with the particular surgeon aga in by the nurse manage end up the staff finally couldn’t learn the way of the surgeon operate. During the school holidays there will be increase number of cases in this period most of the staff and student will have though time to perform their theory session only rushing to finish the cases, end up no improvement in knowledge. Opportunities: The main opportunities working in the operation theatre is the willingness for the staff and surgeon to except the particular person with the way she or he perform their duties. There are the learning methods that are available such as the internet and library. Log books are provided for the new staffs to make sure they are able to learnt each skill during the probation period. By practicing they will learn faster other than only memorizing, and observing but this actually also depending individually. Barrier: There are the barrier between the staff and the working environment, depending on the staff. Some person will encounter difficult in communication in understanding their task given due to different language. If proper orientation is not given to the new staff they will be lack of confident in performing their duties. Teamwork can also lead to barrier example how the person getting along with each other to achieve goal to improve the quality of life and the outcome. Mentor is also a very important person in the practice area to organize and coordinate student learning, supervising student and providing feedback if they are lack of knowledge the junior staff will not be guided in a proper way to provide good service to the patient. Activity 2 My main strengths As a professional in practice: I have been working the private hospital since year 2008.I has completed my operation theatre practice and diploma in nursing sponsor by the private hospital. I have also done my fire safety program, advance cardiovascular life support and standard people practice course. I am also trained in the central sterile supply department, catheterization lab, general anaesthesia, circulating and also scrubbing. Area for improvement and action plan: I would like to improve in my scrubbing area to do better in the orthopaedic cases and neurologic cases because usually for this cases special instrument and machine are required. For the orthopaedic case mostly screws, plating and on loan instruments will be use from other company such as Johnson and Johnson or Stryker depending on type of surgery. Moreover, for the neurologic cases different machine are use example selector which is to suck the tumour from intracranial. The instruments that are used are tumour forceps, brain retractor or dora retractor. Action plan: I have to scrub neurologic and orthopaedic cases more often. I also must do note book and prepare presentation to be presented with other staffs to exchange idea and knowledge.I can also ask for the instrument broacher from each company so I will be more familiar with the instrument and able to handle in future. As a learner: As a learner there have been dreams for me to increase my knowledge and experience. I would strictly love to continue my degree in nursing because education is the most useful thing to the people, especially as a result of complex nature of the day. After completing degree I will happily go forward to continue my master in nursing. I also would like to go for the AO trauma course to be more familiar with the types of fracture. Areas for development and action plan: I would like to increase my education level because education is important to national development in that it allows to further progress in the nation. Education promotes better ideas for management and experience. I would also like to more into the management site. The AO trauma is important to make sure I am able to manage fracture and also will be trained in the techniques for management of common fracture .In my action plan I must first apply degree in a university which the program has been approved by the Ministry of Health and Malaysia Nursing Board and also an affordable price. Which currently I am studying and happy with it, I would also like to continue my master here. For the trauma course that I wanted to attend I must apply though internet and inform my nurse manager about it once the application is open I can go it is only for 3 days course. As a mentor or educator in practice: As a mentor having a interpersonal and professional working relationship to support the learning environment. Organizing and coordinating the learning activities by supervising the student or new comers. Assessing the student’s skill, attitudes and behaviour enable me to provide the evidence of achievement. Areas of development and action plan: Coaching involves regular discussion between the mentor and mentee to improve their performance example develop a plan to improve the employee skill and knowledge. Counselling is a discussion to help the mentee to sort out problems. Teaching with revolves soft skills which can be build such as focus on communication skills, interpersonal skills ,problem solving and professionalism. Show them why they should develop a career plan and help them see their future role in the organization Activity 3 I am working in one of the private hospital more than 2 years, I am trained in the operation theatre and also completed my certificate as a trained theatre technician. My hospital is a place to learn and practice all the facilities of learning are available and practical there is superb but there are also areas of improvement .When I was a junior I had an experience that I learn from it. It was a spine endoscopic surgery which was done by a new surgeon, assisted by a junior staff nurse, this surgery was a new procedure in our place using scope for disectomy. The junior staff did very well , the surgery went smooth and at the end when the skin already stitch then the scrub nurse noticed that one of the patties is missing when the patient was already on the trolley extubated, on the way to recovery. The junior nurse got scared and immediately she informed the surgeon. Once again the patient was push back in to the operation room, incubated the patient and he reopen the surgery site, th ere was patties retain in the patient. This was a major mistake because final count was not done before closing and this is considered as a medical error. From the experience above, I would like to reflect upon three areas for improvement using the Gibbs Model of Reflection. At that time, I felt that the induction program was not done properly because the scrub nurse didn’t count the patties. It was a bad experience for the staff because it was her first time doing Endoscopic Disectomy. On the other hand, this experience also though her about the important of proper patties count. At the situation the scrub nurse was so nervous and anxious because was her first time scrubbing with a new surgeon. In my view, I decently think that the induction program that usually done only for 2 months should be increase to at less 4 months to make sure the new comers absorb the input and also know the important of counting the swab or patties before, during and before closing the skin to prevent retain of foreign body. The scrub nurse was also new staffs who were left all alone with no supervision. It was very unfair for the nurse manager to do such an assignment with no any senior staff. From the positive site, the staff is trained to be alone to build her confident level and the negative site without supervision error happens which is also unfair to the patient. To prevent any error in future the nurse manager must assign senior staffs who are able to bring a new staffs and guide in a proper manner. Furthermore, I also suggested the nurse manager to prepare a competency checklist because the staff was not given any chance but immediately inform to scrub for the case. She was also new staff afraid the nurse manager would get angry if she refused it. From this experience, everyone and even I realized that if the staff was done a competency checklist by her mentor or senior staff, we can identify which area she is weak and does she knows the important of patties count. In future I hope this incident will never occur again, during the investigation was done towards the junior nurse no senior or even the nurse manager stood by her. Everyone was just blaming the junior staff from that situation I did the analysis where the mistake happened. I even suggested to the nurse manager for improvement of these three areas before we could blame the junior staff but finally she was sent to the recovery area and no more scrubbing again. am I.I also felt that the nurse manager was so unfair to us for not giving us any senior staff. I also felt miserable because i didn’t remind her about the count and even didn’t perform the patties checklist.There was also no

Fdi Inindia Ananalysis on Theimpact of Fdi in Indias Retail Sector-

FDI in India: An analysis on the impact of FDI in India’s Retail sector Submitted By: Subhajit Ray Department of Humanities and Social Sciences IIT Kharagpur Kharagpur-721302 1 Introduction: Initially the Indian policy makers were quite apprehensive about the flow of foreign capital into the economy. This can be attributed to the colonial past which saw large investments being made by their colonial rulers in the form of major infrastructure instruments like railways but only to make huge gains for themselves and sucking the host country of its resources.But currently the global economy has been witnessing an incessant form of economic growth characterized by the flow of capital from the developed world to the developing countries. During the 1990s Foreign Direct Investment (FDI) became the single largest source of external finance for the developing countries. When faced with an economic crisis during the same period the Indian policy makers had to open up the Indian market a nd accordingly India has been seeing a consistent increase in FDI inflows.Indian economy has been showing high growth rates in the post liberalization era. In the last fiscal year according to the Planning commission’s data the Indian economy recorded a growth rate of 8. 6% and 8% in the year before. This is reason enough to call it a high performing economy. All Multi National Enterprises (MNEs) have been eyeing the Indian market ever since they have opened up. The policy makers have been vigorously pursuing the reforms program as they believe that high growth has been the resultant of economic liberalization.FDI has been seen as a dominant determinant to achieve high rate of economic growth because of the ease with which it can bring in scarce capital, triggers technology transfer and enhances the efficiency by increasing the competitiveness of the market. Also FDI as a form of policy instrument to raise capital is usually preferred over other forms of external finance beca use they are non-debt creating, non-volatile and their returns depend on the performance of the projects financed by the investors.FDI is successful in human capital formation, increases total factor productivity and efficiency of resource use. But such benefits are highly dependent on the policies of the host government. It is furthermore described as a source of economic development, modernization, and employment generation. Several factors both political and apolitical have led to a greater acceptance of FDI. The envisioned role of FDI has evolved from that of a tool to solve the crisis under the license raj system to that of a modernizing force of the Indian economy.In support of their endeavor the policy makers have often cited the example of the Chinese experience of achieving high growth rate through foreign direct investment. India has opened up its economy and allowed MNEs in the core sectors such as Power and Fuels, Electrical Equipments, Transport, Chemicals, Food Process ing, 2 Metallurgical, Drugs and Pharmaceuticals, Textiles, and Industrial Machinery as a part of reform process started in the beginning of 1990s. Currently FDI is also permissible in the Telecommunications, Banking, Insurance and IT sector. Currently there is huge debate going on about allowing FDI in retail.This paper aims to discuss the critical aspects of FDI in India, present a case study on the success of reforms in the telecommunications sector, analyze both sides of the arguments currently going on regarding FDI in retail and conclude with suggestive measures on the part of the government which can eliminate the negative effects of allowing FDI in India’s retail sector. Assessing the impact of FDI on host economy- a review of various economic literatures: FDI inflow into the core sectors is assumed to play a vital role as a source of capital management and technology in countries of transition economies.It implies that FDI can have positive effects on a host economyâ €™s development effort (Caves, 1974; Kokko, 1994; Markusen, 1995; Carves, 1996; Sahoo, Mathiyazhagan and Parida 2001). It has been argued that FDI can bring the technological diffusion to the sectors through knowledge spillover and enhances a faster rate of growth of output via increased labour productivity. There have been a lot of empirical studies to assess the impact of FDI in developing economies and the results to this date have been found to be mixed.Many reports have questioned the positive effects of the FDI inflow in the host country. Some studies done earlier had found that FDI has a negative impact on the growth of the developing countries (Singer,1950; Griffin, 1970; Weisskof, 1972). Multinational Enterprises (MNEs) in the name of FDI may drive out the local firms because of their oligopolistic power, and also, the repatriation of profit may drain out the capital of the host country. The main argument in this regard was that the main component of FDI in less develop ing countries was in the primary sector.Then these primary products were exported to the developed nations and processed for import back to the developing nations and thus resulted in the host nations receiving a lesser value for their resources. Hanson (2001) argues that evidence that FDI generates positive spillovers for host countries is weak. In a review of micro data on spillovers from foreign-owned to domestically owned firms Gorg and Greenwood (2002) conclude that the effects are mostly negative. Lipsey (2002) takes a more favorable view from reviewing the micro literature which argues that there is evidence of positive effect.He also argues that there is need for more consideration of the different circumstances that obstruct or promote positive spillovers. Rodan (1961), Chenery and Strout (1966) in the early 1960s argued that foreign capital inflows have a favorable effect on the economic efficiency and growth towards the developing countries. It has been explained that FDI could have a favorable short-term effect on growth as it expands the economic activity. However, in the long run it reduces the growth rate due to dependency, particularly due to â€Å"decapitalization† (Bornschier, 1980).This is due to the reason that the foreign investors repatriate their investment by contracting the economic activities in the long run. FDI is an important vehicle for the 3 transfer of technology and knowledge and it demonstrates that it can have a long run effect on growth by generating increasing return in production via positive externalities and productive spillovers. Thus, FDI can lead to a higher growth by incorporating new inputs and techniques (Feenstra and Markusen, 1994). Aitken, et al. 1997) showed the external effect of FDI on export with example of Bangladesh, where the entry of a single Korean Multinational in garment exports led to the establishment of a number of domestic export firms, creating the country’s largest export industry. Hu and Khan (1997) attribute the spectacular growth rate of Chinese economy during 1952 to 1994 to the productivity gains largely due to market oriented reforms, especially the expansion of the non-state sector, as well as China’s â€Å"open-door† policy, which brought about a dramatic expansion in foreign trade and FDI.A study by Xu (2000) found a strong evidence of technology diffusion from U. S. MNEs affiliated in developed countries (DCs) but weak evidence of such diffusion in the less developed countries (LDCs). It concluded that in order to benefit from the technology transfer by the MNEs a country needs to achieve a basic minimum human capital threshold. A recent study by Banga (2005) demonstrates that FDI, trade and technological progress have differential impact on wages and employment.While higher extent of FDI in an industry leads to higher wage rate in the industry, it has no impact on its employment. On the other hand, higher export intensity of an indust ry increases employment in the industry but has no effect on its wage rate. Technological progress is found to be labor saving but does not influence the wage rate. Further, the results show that domestic innovation in terms of research and development intensity has been labor utilizing in nature but import of technology has unfavorably affected employment in India.The study by Sharma (2000) concluded that FDI does not have a statistically significant role in the export promotion in Indian Economy. This result is also confirmed by the study of Pailwar (2001) and the study also argues that the foreign firms are more interested in the large Indian market rather than aiming for the global market. The study by Sahoo and Mathiyazhagan (2003) also support the view that FDI in India is not able to enhance the growth of the economy.Though there is a common consensus among all the studies in the Indian context that FDI is not growth stimulant rather it is growth resultant. A study by Dr Maat hai K. Mathiyazhagan(2005) demonstrate that the flow of FDI into the sectors has helped to raise the output, labour productivity and export in some sectors but a better role of FDI at the sectoral level is still expected. Results also reveal that there is no significant co-integrating relationship among the variables like FDI, Growth rate of output, Export and Labour Productivity in core sectors of the economy.This implies that when there is an increase in the output, export or labour productivity of the sectors it is not due to the advent of FDI. Thus, it could be concluded that the advent of FDI has not helped to wield a positive impact on the Indian economy at the sectoral level. Thus, in the eve of India's plan for further opening up of the economy, it is advisable to open up the export oriented sectors so that a higher growth of the economy could be achieved through the growth of these sectors. 4 Foreign Direct Investment policy of India:Foreign direct investment policy of the government of India has been gradually liberalized. As early as in the year 1948 and 1956 (two industrial policy resolutions) government policy clearly reflected the need to supplement foreign capital and technology for rapid economic growth. The core objective of the foreign capital policy was that the control of industrial undertaking should remain in the Indian hands. However, the government had granted permission in certain cases for allowing establishment of exclusive foreign enterprises.Foreign capital was preferred in specific areas which bring in new technology and establish joint ventures with Indian partners. Government also granted tax concessions to foreign enterprises and streamlined industrial licensing procedures to accord early approvals for foreign collaborations. In the case of 100 per cent export of output, foreigners were allowed to establish industrial units. It needs to be noted here that under the Foreign Exchange Regulation Act (FERA) 1974 only upto 40 per ce nt of the equity holding of the foreign firms were permitted.Foreign investment was permitted under designated industries along with restrictions in terms of local content clauses, export obligations, promotion of R and prohibition by law the use of foreign brands (Hybrid domestic brands were promoted such as Ford Escort and Hero Honda). It needs to be pointed out here that the restrictions have been flouted frequently and relaxations were also granted. This process has culminated into gradual liberalization of government policy towards foreign capital.It is reflected in continuous increase in the number of approvals granted. During the period 19611971, the number of foreign collaborations approved was 2475 which were increased to 3041 during the period 1971-1980. There was dramatic increase in the foreign collaboration approvals during the period 1981-1990 (7436 collaborations were approved). This policy enabled to build domestic technological capability in many branches of industr y but generally considered very restrictive.It has been widely accepted that protection of domestic industry for a longer period of time resulted into high cost production structure along with poor quality. Foreign direct investment policy announced by the government of India in July 1991 was regarded as a dramatic departure from the earlier restrictive and discretionary policy towards foreign capital. The FDI policy of 1991 proposed to achieve objective of efficient and competitive world class Indian industry. Foreign investment was seen as a source of scarce resource, technology and managerial and marketing skills.The major feature of policy regarding foreign investment up to 51 per cent of equity holding was permitted too. Automatic approvals were also allowed to foreign investment up to 51 per cent equity in 34 industries as well as to foreign technology agreements in high 5 priority industries. The Foreign Investment Promotion Board (FIPB) was set up to speedily process applica tions for approvals of the cases which were not covered under the automatic route. Laws were amended to provide foreign firms the equivalent status as the domestic ones.Government of India, however, put in place the regulatory mechanism to repatriate payments of dividends through Reserve Bank of India so that outflows are balanced through export earnings during stipulated period of time. Further liberalization measures with regard to foreign investment were taken during 1992-93. The dividend balance conditions were revoked except in the case of consumer goods industries. Non Resident Indian (NRI) and Overseas Corporate Bodies (OCB) were permitted in high priority industries to invest up to 100 per cent equity along with repatriation of capital and income.Apart from expansion of the area of operation for FDI in many new economic activities, the existing companies were also allowed to increase equity participation up to 51 per cent along with disinvestment of equity. Foreign direct in vestment policy has been changed frequently since 1991 to make it more transparent and attractive to the foreign investors. FDI up to 100 per cent is allowed under automatic route for all sectors/activities except activities that attract industrial licensing, proposals where foreign investors had an xisting joint venture in same field, proposals for acquisition of shares in an existing Indian company in the financial sector and those activities where automatic route is not available. The only sectors/activities where FDI is not permitted are agriculture and plantations excluding tea plantations, real estate business (excluding development of townships, housing, built up infrastructure and construction development projects-NRI/OCB investment is allowed for the real estate business), retail trade, lottery, security services and atomic energy.Government has simplified procedure, rules and regulations on a regular basis since 1991 to make Indian economic environment foreign investor fri endly. Attempt has been made through FDI policy to make India the hub of global foreign direct investment as well as in economic activities. Trend and Dimension of FDI inflow in India: The dimensions of the FDI flows into India could be explained in terms of its growth and size, sources and sectoral compositions. The growth of FDI inflows in India was not significant until 1991 due to the regulatory policy framework.It could be observed that there has been a steady build up in the actual FDI inflows in the post-liberalization period (Figures 1. 1 and 1. 2). Actual inflows have steadily increased from US $ 143. 6 million in 1991 to US $ 37763 million in 2010. This results in an annual average growth rate close to 6 per cent. However, the pace of FDI inflows to India has definitely been slower than some of the smaller developing countries like Indonesia, Thailand, Malaysia and Vietnam.In fact, India had registered a declining trend of FDI inflows and the FDI- GDP ratio especially in 1 998 and 2003 could be attributed to many factors, including the US sanctions imposed in the aftermath of the nuclear tests, the East Asian meltdown and the perceived Swadeshi image different political parties, which was 6 ruling government during this period in India. It is also important to note that the financial collaboration has out numbered the technical collaboration over the years. But since 2006 India has seen a remarkably higher growth of FDI in accordance with the general trends of the global conomy with a slight dip in the year 2009-2010. This can be attributed to the recessionary situation in the global economy. In recent years, India’s share in the global FDI inflows has increased substantially. Year wise FDI inflow in the post reforms era (1990-2001) 1999-2000 2439 1998-1999 1997-1998 1996-1997 FDI 1995-1996 1994-1995 1993-1994 1992-1993 0 1000 2000 3000 4000 US $ MILLIONS Figure 1. 1 Year 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 FDI 393 6 54 1374 2141 2770 3682 3083 2439 7 However, China receives a greater percent of global FDI inflows.India’s effort have not yet realized in comparison to the changes which has been made in the FDI policy. Year wise revised FDI inflow since 2000-2001 with expended coverage to approach International Best Practices. 2009-2010 2008-2009 2007-2008 2006-2007 2005-2006 FDI 2004-2005 2003-2004 2002-2003 2001-2002 2000-2001 0 10000 20000 30000 40000 US $ MILLIONS Table 1. 2 Year 200001 200102 200203 200304 200405 200506 200607 200708 200809 200910 FDI 4029 6130 5035 4322 6051 8961 22826 34835 37838 37763 Capital goods sector has more or less been bypassed by FDI.This clearly points out the tendency of foreign investment to exploit the pent up domestic demand 8 for consumer durable goods. Further more, there is a gradual increase in the mergers and acquisitions during the 1990s which show a tendency of FDI inflows to acquire existing industrial assets and managerial control without actu ally engaging in new productive activities (Nagraj, 2006). India’s large size of domestic market seems to have been the major attraction for foreign firms. SHARE OF TOP INVESTING COUNTRIES FDI EQUITY INFLOWS Others France Germany Cyprus Country Japan Netherlands U. K U. S. A. Singapore Mauritius 0 10 2 2 4 4 9 % 4 5 7 9 42 20 30 40 50 %age to total Inflows (in terms of US $) The analyses of the origin of FDI inflows to India show that the new policy has broadened the source of FDI into India. There were 86 countries in 2000 which increased to 106 countries in 2003 as compared to 29 countries in 1991 whose FDI was approved by the Indian Government. The country-wise analysis of the FDI inflows shows that Mauritius, which was not in the picture till 1992, is the highest contributor of FDI to India. A major share of such investment is represented by the holding companies of Mauritius set up by the US firms.It means that the investment flowing from the tax havens is mainly the inv estment of the multinational corporations headquartered in other countries. Now an 9 important question arises as to why the US companies have routed their investment through Mauritius. It is because, firstly, the US companies have positioned their funds in Mauritius, which they like to invest elsewhere. Secondly, because the tax treaty between Mauritius and India stipulates a dividend tax of five per cent, while the treaty between Indian and the US stipulated a dividend tax of 15 per cent (World Bank, 1999).Telecommunications Sector- A success story: Further narrowing of FDI in sub-sectors reveals the success story of the telecommunications sector. Research into Telecommunications furthers the haphazard nature of FDI investment and policy making. The current process for FDI in telecommunications can be attributed to two policies that were undertaken by the government: National Telecom Policy of 1994 and New Telecom Policy of 1999. Before the economic reforms ‘teledensity†™ was low, infrastructure growth was slow, and the lack of reforms restricted investments and adoption of new technologies.The existing legislative and regulatory environment needed major changes to facilitate growth in the sector. It was 1991 when the programme was undertaken to expand and upgrade India’s vast telecom network. The programme included: complete freedom of telecom equipment manufacturing, privatisation of services, liberal foreign investment and new regulation in technology imports. Simultaneously, the government-managed Department of Telecommunications (DoT) was restructured to remove its monopoly status as the service provider.The government programme was formalised on a telecom policy statement called National Telecom Policy 1994 on 12 May 1994. However the 1994 policy was not sufficient to make the India’s telecommunications sector fully open and liberalised. The incumbent monopoly (DoT) was indifferent in implementing the national telecom policy e ffectively due to its lack of commitment. This paved the way for designing a new policy framework for telecommunications which was called the New Telecom Policy 1999. The New Telecom Policy 1999 (NTP99) was developed after the reform process began in 1991.The interest of the government led to the new policy. As a result in addition to the sectoral caps, the government policy played a major role in the liberalization of the telecom sector. As a result a large number of private operators started operating in the basic/mobile telephony and Internet domains. Teledensity has increased, mobile telephony has established a large base, the number of Internet users has seen a steep growth, and large bandwidth has been made available for software exports and IT-enabled services, and the tariffs for international and domestic links have seen significant reductions.Total FDI in Telecommunications sector is over US $ 15 billion. The takeover of Hutch by Vodafone is one of the largest FDI deals fo r an amount of US $ 11 billion. Tariff 10 rates are the lowest in the whole world and there are more than 250 million users. The Retail sector in India: The retail industry in India is one of the fastest growing. Even without FDI driving it, the corporate owned retail sector is expanding at a furious rate. AT Kearney, the well-known international management consultancy, recently identified India as the ‘second most attractive retail destination’ globally from among thirty emergent markets.It has made India the cause of a good deal of excitement and the cynosure of many foreign eyes. With a contribution of 14% to the national GDP and employing 7% of the total workforce (only agriculture employs more) in the country, the retail industry is definitely one of the pillars of the Indian economy. . Trade or retailing is the single largest component of the services sector in terms of contribution to GDP. Its massive share of 14% is double the figure of the next largest broad ec onomic activity in the sector.The retail industry is divided into organised and unorganised sectors. Organised retailing refers to trading activities undertaken by licensed retailers, that is, those who are registered for sales tax, income tax, etc. These include the corporate-backed hypermarkets and retail chains, and also the privately owned large retail businesses. Unorganised retailing, on the other hand, refers to the traditional formats of low-cost retailing, for example, the local kirana shops, owner manned general stores, paan/beedi shops, convenience stores, hand cart and pavement vendors, etc.A simple glance at the employment numbers is enough to paint a good picture of the relative sizes of these two forms of trade in India – organised trade employs roughly 5 lakh people whereas the unorganized retail trade employs nearly 3. 95 crores. Given the recent numbers indicated by other studies, this is only indicative of the magnitude of expansion the retail trade is expe riencing, both due to economic expansion as well as the ‘jobless growth’ that we have seen in the past decade.It must be noted that even within the organised sector, the number of individually-owned retail outlets far outnumber the corporate-backed institutions. Though these numbers translate to approximately 8% of the workforce in the country (half the normal share in developed countries) there are far more retailers in India than other countries in absolute numbers, because of the demographic profile and the preponderance of youth, India’s workforce is proportionately much larger. That about 4% of India’s population is in the retail trade says a lot about how vital this business is to the socio-economic equilibrium in India. 1 Arguments against adoption of FDI in India’s Retail sector: FDI driven modern retailing is labour displacing to the extent that it can only expand by destroying the traditional retail sector. Till such time we are in a posit ion to create jobs on a large scale in manufacturing, it would make eminent sense that any policy that results in the elimination of jobs in the unorganised retail sector should be kept on hold. Studies suggest that about 5 crore jobs will be lost and only 20 lakhs new jobs will be created.With their incredibly high capital FDI driven retailing units such as Wal-Mart will be able to sustain losses for many years till its immediate competition is wiped out. This is a normal predatory strategy used by large players to drive out small and dispersed competition. This entails job losses by the millions. Even the organised retail sector may face serious problems and may eventually be wiped out. The FDI driven retail units will typically sell everything, from vegetables to the latest electronic gadgets, at extremely low prices that will most likely undercut those in nearby local stores selling similar goods.They would be more likely to source their raw materials from abroad, and procure go ods like vegetables and fruits directly from farmers at pre-ordained quantities and specifications. This means a foreign company will buy big from India and abroad and be able to sell low – severely undercutting the small retailers. Once a monopoly situation is created this will then turn into buying low and selling high. Such re-orientation of sourcing of materials will completely disintegrate the already established supply chain.In time, the neighbouring traditional outlets are also likely to fold and perish, given the ‘predatory’ pricing power that a foreign player is able to exert. As Nick Robbins wrote in the context of the East India Company, â€Å"By controlling both ends of the chain, the company could buy cheap and sell dear† It is true that it is in the consumer’s best interest to obtain his goods and services at the lowest possible price. But this is a privilege for the individual consumer and it cannot, in any circumstance, override the responsibility of any society to provide economic security for its population.Clearly collective well-being must take precedence over individual benefits. The primary task of government in India is still to provide livelihoods and not create so called efficiencies of scale by creating redundancies. 12 Arguments in favour of adoption of FDI in India’s Retail sector: The main driver for adoption of Retail in India seems to be the recognition that the Indian economy faces serious supply-side constraints, particularly in the food-related retail chains. The government would like to improve back-end infrastructure, and ultimately reduce post-harvest losses and other wastage.There is also a general concern, highlighted by the persistence of food inflation, that intermediaries obtain a disproportionate share of value in this chain and farmers receive only 15% of the end consumer price. Now the farmers will be able to get a better price for their products. With easy credit availabilit y through foreign direct investment the situation of farmer suicides in India will improve. With foreign capital flowing into the economy the current inflationary situation will be tamed.One key point is that we must differentiate between the interests of consumers, who constitute our population of nearly 115 crore, from the interests of retailers, who may number near five crore. The larger supermarkets, which tend to become regional and national chains, can negotiate prices more aggressively with manufacturers of consumer goods and pass on the benefit to consumers. Undoubtedly, lower prices psychologically propel buyers to spend more than they otherwise would. The resulting growth in private consumption creates jobs. The tax collection of the government will improve as it is mpossible to tax the unorganised retail sector. The revenue collected by the government can be used for infrastructure development. Also India has had several retailers with deep pockets and access to skills. T hat they have not been able to swamp the domestic small retailer says something about consumer behaviour and small retail’s resilience. The argument that the advent of FDI and supermarkets will displace a large number of kirana shops is similar to the argument used during the era of industrial licensing, which was meant to protect small-scale industries.But eventually the inefficiencies and quality standards of the protected small-scale companies become apparent even to socialist politicians and licensing was abolished. Even a modest chain of 200 supermarkets, to be set up all over India in selected towns and cities in the next three years, will require an investment of about Rs 2,000 crore (Rs 20 billion), at the rate of Rs 10 crore (Rs 100 million) per supermarket to cover the infrastructure and working capital. Each supermarket may take 2 or 3 years before it becomes profitable.There is a risk that a few of them may even fail. No Indian entrepreneur will be willing and abl e to commit this level of investment and undertake the risks involved. That is where the 13 international experience and skills that may come with FDI would provide the confidence and capital. Apart from this, by allowing FDI in retail trade, India will become more integrated with regional and global economies in terms of quality standards and consumer expectations. Supermarkets could source several consumer goods from India for wider international markets.India certainly has an advantage of being able to produce several categories of consumer goods, viz. fruits and vegetables, beverages, textiles and garments, gems and jewellery, and leather goods. The advent of FDI in retail sector is bound to pull up the quality standards and costcompetitiveness of Indian producers in all these segments. That will benefit not only the Indian consumer but also open the door for Indian products to enter the wider global market. Suggestive measures to eliminate the negative effects of FDI in Indiaâ €™sRetail sector: FDI in the retail sector should be accompanied by policy formulations that encourage the growth of manufacturing sector in India. A growing manufacturing sector can accommodate the people who will loose their jobs due to the adoption of retail in India. FDI should be aggressively promoted in case of relatively less sensitive sectors like entertainment, R etc. Moreover import duty should be imposed to protect domestic production units. Strict labour laws should be imposed to ensure that no management jobs are outsourced.The government should also ensure the local population gets competitive wages and the working environment is proper. Jobs should be reserved for the poor people. If the language of operation is English then it will act as a hindrance for job creation for the underprivileged people. Hence Hindi and local languages as a mode of operation should be encouraged. Cooperative societies should be formed for the farmers and other agricultural suppliers to take care of their rights and to ensure that they are getting a fair price from the FDI driven big retail units.Strict corporate governance should be ensured to prevent the acquisition of local business units by foreign firms and to promote investor friendly trade practices. The foreign retail units should be made to divest a certain percentage of their equity in the Indian financial markets. Only strict governance can ensure that the foreign firms adhere to competitive trade practices. Social infrastructure like schools, colleges and hospitals should be developed to promote human capital formation as several studies suggest that such initiatives could enhance the spillover effects of FDI.Furthermore it will help in creating 14 jobs in the high technology sectors and will put India in the global technology scenario. Social security should be ensured through different policy measures like pension plans, employment guarantee programmes and free health care. Strict environmental laws should be enforced to ensure that the foreign firms do not indulge in unsustainable trade practices. Conclusion: The growth rate of the Indian economy has been very high in the post reforms era.And hence India has become the cynosure of investment by foreign multinational enterprises. The relationship between FDI and other macro economic variables like growth rate, export, employment and productivity has been found to vary. It has been found that to gain a positive impact of technology spillovers via FDI the host country should achieve a basic minimum human capital threshold. Studies exist both in support and against the positive impact of FDI in the Indian economy. It is self conclusive that the growth of FDI in India is growth resultant and not growth stimulant.The positive impact of FDI has been felt in the high technology sectors like telecommunication and IT. The success story of the telecom sector is a real confidence booster in this regard. It is clearly visible that the MNEs are more interested in exploiting the Indian markets rather than investing in capital goods. The retail sector is one of the fastest growing sectors of India. It also employs a huge proportion of the population. Hence any measure regarding this sector such as approval of FDI in the Indian retail sector will have a gigantic impact on Indian economy.FDI in the Indian retail sector will work wonders in terms of controlling inflation, creating new jobs and increasing the efficiency and productivity of the Indian economy. But many believe that it may lead to wide scale unemployment, drainage of capital from the Indian economy and social inequity. Hence FDI in India’s retail sector should be accompanied by stringent policy measures on the part of the government so that the majority of the population can benefit from the positive spillover effects of FDI.Government should encourage FDI in the manufacturing sector along with the retail sector to compensate for the loss of jobs that will be created due to the advent of FDI in retail. Government should also build social infrastructure to enhance the human capital formation so that the positive spillover effects of FDI are greatly felt. 15 References †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ FDI in India’s Retail Sector More Bad than Good? By Mohan Guruswamy Kamal Sharma Jeevan Prakash Mohanty Thomas J.Korah Rethinking the linkages between foreign direct investment and development: a third world perspective By: Shashank P. Kumar India’s Economic Growth and the Role of Foreign Direct Investment: By Lakhwinder Singh 2006. India’s FDI inflows Trends and Concepts By K. S. Chalapati Rao & Biswajit Dhar Impact of liberalization on FDI structure in India. By Dr. Gulshan Kumar. Impact of foreign direct investment on Indian economy: A sectoral level analysis. By Dr Maathai K. Mathiyazhagan.Foreign Direct Investment in Post-R eform India: Likely to Work Wonders for Regional Development? By Peter Nunnenkamp and Rudi Stracke. FDI in India in the 1990s. Trends and issues. By R Nagaraj. Economic Reforms, Foreign Direct Investment and its Economic Effects in India by Chandana Chakraborty Peter Nunnenkamp. March 2006. China and India: Any difference in their FDI performances? By Wenhui Wei. June 2005 Fact sheet on FDI in India by the Planning Commission. Data on GDP growth rate from the Planning Commisiion. Wikipedia. com Planningcommission. nic. in 16

Psychology - 14463 Words

Basic Human Needs 1 Running head: BASIC HUMAN NEEDS Basic Human Needs Thane S. Pittman and Kate R. Zeigler Colby College DRAFT Chapter to appear in Kruglanski, A., Higgins, E. (2006), Social Psychology: A handbook of basic principles, 2nd Edition. New York: Guilford Publications Thane S. Pittman and Kate R. Zeigler Department of Psychology 5550 Mayflower Hill Colby College Waterville, ME 04901 207-859-5557 tpittman@colby.edu Basic Human Needs Basic Human Needs It is vain to do with more what can be done with less. 2 attributed to William of Occam (c. 1285–1349) There is always an easy solution to every human problem - neat, plausible, and wrong. H. L. Mencken (1949), p. 443 It has been a long time since a†¦show more content†¦Anyone reading this chapter indoors is surrounded by, sitting on, probably wearing, and using things fabricated by homo sapiens. Humans make things. 4 When we move into the realm of psychology, matters become more complex and considerably less clear. In considering what, psychologically, might constitute human nature, social psychologists have not taken up the method of cross-species comparisons illustrated in the musings above. In fact in psychology more generally, instead of looking for what is unique about human nature, psychologists have tried repeatedly to come up with a few general principles that are meant to apply across all or virtually all species, essentially arguing that psychologically all species are governed by the same fundamental principles. This approach constitutes a scientifically sound strategy, in the spirit of Occam s Razor, as an attempt to understand complexity by reducing it to a few simple laws that apply to many species. Familiar examples of this approach include the various serious attempts by behaviorists to explain everything in terms of basic principles of reinforcement (Hull, 1943; Pavlov, 1927; Ski nner, 1938, 1981; Watson, 1930). 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How did psychology start out being defined originally? Humans have always been interested in understanding their own body, especially the brain itself. Some of the first people to explore psychology were Aristotle and Socrates, (even though some of the things they thought were wrong) of course at the time they did not know what exactly they were studying. https://www.boundless.com/psychology/textbooks/boundless-psychology-textbook/introduction-to-psychology-1/intr

The Death Penalty Should Be Abolished Essay - 1349 Words

Since 1976, there have been 1,442 executions in the United States (Facts about the Death Penalty, 2016). About 156 people have been exonerated from death row as of December 9th, 2016 per the data information from the Death Penalty Information Center (Facts†¦, 2016). The charts and data per the DPIC, shows that there are more people, who were executed, in the south and as noted, â€Å"TX OK†, than there were in the Northeast, West, and other remaining Midwest region (Facts†¦, 2016). It seems that with the long process it takes for one death penalty litigant to be executed, can be very costly per the data information via DPIC (Facts†¦, 2016). The purpose of this reading material is to provide the readers both sides of the argument about the death penalty, starting with pro-death penalty arguments and the con-death penalty arguments. Then, following the information will be a thoughtful discussion from the writer’s ethical view, as to why the death penalty should be abolished. Death penalty supporters believe it will deter violence and supports due to of the information from the following areas: capital punishments for capital crimes, safety concerns, and retribution; on the contrary, the opposing side argues regarding: wrongful convictions, high costs, and high crime rates still present in the death penalty-approved states. Therefore, the death penalty is unethical, as it not only takes away a life at a costly price of the taxpayer’s money; but it also does not seem to deterShow MoreRelatedThe Death Penalty Should Be Abolished1192 Words   |  5 PagesNo Death Penalty Capital crime is something that is meant for people that are found guilty of committing a serious crime, such as murder, rape, or theft. These are offences that should not be taken lightly but by killing the offender, the government is carrying about the action that they are trying to prevent. Also, the wrong person may be sentenced to death. After this person is executed, there is obviously nothing that can be done for the terrible mistake to be reversed. The death penalty shouldRead MoreShould The Death Penalty Be Abolished?. The Death Penalty982 Words   |  4 PagesShould the death penalty be abolished? The death penalty is a â€Å"term that applies to capital punishment and is the worst penalty given for committing a murder or an atrocious assault.† (Black s Law Dictionary). Death penalty has been a part of human society and is legally approved for centuries. The first established death penalty laws date as far back as the Eighteenth Century B.C. in the Code of King Hammaurabi of Babylon, which codified the death penalty for 25 different crimes. Death sentencesRead MoreShould The Death Penalty Be Abolished?1925 Words   |  8 Pages Abstract This paper explores five published articles that report on discussion on the very old and yet to answer question of whether the death penalty in the USA should be abolished? The articles, however, vary in their stand on death penalty. In all article it is very different on publisher stand. They discuss thing argument with their own way and vision of thinking. Adina Nicoleta (2011) has raised question for fair trial on the proceeding of the criminal cases. In other article Maestro MarcelloRead MoreThe Death Penalty Should Be Abolished1534 Words   |  7 PagesIntro The death penalty gives humans in our legal system rights to decide who deserves to live, a power only God should possess. Capital Punishment takes away our rights as equals. From its origins, the death penalty has been an inhumane, costly, ineffective, and biased form of punishment that needs to be abolished granting everyone their right to live. History of the Death Penalty Down through history, the death penalty has been adapted to be justifiable in the eyes of the people. By alteringRead MoreThe Death Penalty Should Be Abolished1523 Words   |  7 Pagescriminals has been performed by nearly every society to date. The death penalty came to the Americas when European settlers brought the idea of capitol punishment from Britain. The ideology behind taking someone’s life for crimes they have committed is a simple one. If a person commits a hennas crime such as murder or rape, they shall receive the death penalty. In more recent times we now see many countries abolishing the death penalty. The trend suggests that the capitol punishment policies still implementedRead MoreThe Death Penalty Should Be Abolished1306 Words   |  6 Pageschanged since the 17th century, so why not the age old penalty of death? Capital punishment in the United States is a highly debated topic. Arguments that want to get rid of this method of punishment usually mention th e many problems that capital punishment is plagued with. The death penalty has many issues that cannot be resolved, and since these issues can’t be solved, the death penalty should be abolished. â€Å"The irrevocable nature of the death penalty renders it an unsustainable and indefensible remedyRead MoreThe Death Penalty Should Be Abolished1440 Words   |  6 PagesThe death penalty is a very controversial topic in the United States. It is implemented for the purpose of providing safety to the community and bringing justice to victims and their families. The death penalty is legal in thirty-one states (â€Å"31 States†), and there are over forty different types of federal capital crimes that are eligible for the death penalty. These include crimes such as treason and kidnapping that results in murder (â€Å"41 Federal†). However, many argue whether the death penalty isRead MoreThe Death Penalty Should Be Abolished968 Words   |  4 PagesEvery year, thousands of lives are legally taken under the death penalty. Why should we take more lives than the ones that have already been taken? The death penalty is the punishment of execution, carried out legally against an individual convicted of a capital crime. Its proponents argue that the death penalty deters other criminals who may intend to commit similar crimes in the future. However, there is little statistical evidence to support this claim. Also, execution eliminates the criminalRead MoreShould The Death Penalty Be Abolished?1350 Words   |  6 PagesShould the death penalty be abolished? The death penalty, also known as capital punishment is a legal procedure in which a state executes a person for crimes he/she has committed. This punishment has been used by many states, and is normally used for serious crimes, especially murder. It is also used on crimes against the state such as treason, crimes against humanity, espionage, and violent crimes while other states use it as part of military justice. There are mixed reactions on capital punishmentRead MoreShould The Death Penalty Be Abolished?1443 Words   |  6 Pages 6 Should the Death Penalty Be Abolished in the United States? Adalynne Francis CRJU 1000 Dr. Huss November 14, 14 Should capital punishment/ death penalty be abolished in the United States? Many feel that the death penalty is immoral and question whether the state and federal government deserve the right to kill those whom it has imprisoned. On the other hand, those opposed feel that by not acting upon the death penalty communities would plunge in anarchy and that by