What Location Influences Foreign Direct Investment?

What Location Influences Foreign Direct Investment? Chapter 1 Introduction This chapter offers an introduction to the research, with paragraph 1.2 detailing the problem it focuses on, leading to the research question in paragraph 1.3. Paragraph 1.4 discusses the relevance of the research. The chapter ends with an outline of the thesis. The next paragraphs contain the various purposes and the general research design, and finish with the disposition of the study. 1.1 Background Foreign Direct Investment (FDI) is an important source of capital and economic growth in recent business. It provides a package of new technologies, management techniques, finance and market access for the production of goods and services. However, attracting FDI is a major challenge for most host countries as they face the challenge of identifying the major factors that motivate and affect the FDI location decision. Nowadays, regions try to attract Foreign Direct Investments to stimulate their economic development (OECD, 2002a). Certain regions consider the ecological issues as well and promote sustainable FDI. Recently, while working at AgentschapNL, an agency of the Dutch secretary of Economic Affairs, the awareness for sustainable investment rose. AgentschapNL promotes sustainable development and innovation, both in the Netherlands and abroad. One region that is engaged in an initiative to attract FDI is the Swedish province Jà ¤mtland. This initiative is called Midscand and it involves stimulating business investments and cooperation (joint ventures, business development, acquisitions, strategic alliances, outsourcing and new start-ups). One of their target countries is the Netherlands. The activities that are discussed are the sectors: cleantech, tourism, mechanical industry, forestry and call centres. The scope of this research is limited to the cleantech sector. This sector deals with sustainable innovations and investments in Jà ¤mtland, with special focus on wind and bio energy. The main goal of this project is to attract new investments from the Netherlands to Swedish regions. 1.2 Problem Indication The literature dealing with FDI can be classified in two main streams, as pointed out by Agiomirgianakis, Asteriou and Papathoma (2003): the first explains the effect of FDI on the process of economic growth, while the second one goes in depth into the study of the determinants of FDI. This thesis focuses on the second part of literature. Among all the factors influencing the location decisions of FDI, the location-specific determinants need particular exploration, since they can help the host governments to attract and increase FDI inflows using several instruments (Chakrabarti, 2001). Location-specific factors will always influence the decision to enter or exit a location for investment purposes (Audretsch and Fritsch, 2002). FDI is a key element of the international economic relations as it is an engine of employment, technology transfer and improvement of productivity, which ultimately leads to economic growth. The need to attract FDI forces governments to provide a favourable climate for business activities (Nordstrom, 1991). The foreign firms can be influenced by the political and economic institutional framework of the host country, which could affect the choice of where to invest their capital (Makino and Chan, 2004). The challenge of this research is to explore which location determinants make a region attractive for FDI. The definition of the problem is: What should Swedish regions do to positively influence FDI? By presenting a thorough overview of FDI and the determinants that could influence the location choice for a company, this research aims to provide a framework, tested in interviews for the applicability of investments. 1.3 Research questions To solve the problem the following research questions are answered: What is FDI? Based on a literature review that provides theoretical information on this phenomenon. What are the location factors? Galan and Gonzales (2007) are used as basis for the location factors. Several other papers on location factors are evaluated and criticized. What does Sweden have to offer? This final question deals with the application of the theoretical framework to Swedish region as case study and the relationship between the factors they possess and the factors they need to stimulate to influence FDI. 1.4 Purpose and Objective The purpose of this thesis is to examine which regional factors influence foreign direct investments. Theories regarding FDI and location-specific characteristics will be reviewed and analysed in the theoretical framework. A thorough overview of the location factors will be part of the framework that can be used by regions, willing to attract sustainable investments. But first of all, the objective as described in the definition of the problem is to give recommendations to Swedish regions regarding the factors they should highlight to attract or influence direct foreign investment. 1.5 Research Design The literature framework is based on relevant papers. According to Ghauri (2005), theoretical data will be used to understand and interpret the research question, and it will help to â€Å"broaden the base from which scientific conclusion can be drawn†. The relevance of the papers will be based on quality. To reach the goal of collection qualitative data for the research question, a phased selection is made. The emphasis of the courses Corporate Level Strategy and Research Methods of Strategy within the master Strategic Management is on testing all data on quality. By examining the relevance, publication form and impact factor of the information, the quality of the paper will be showed. The research is divided into two parts: (1) the literature research and (2) a case study. The first part of the research is explorative, because it is intended to gain more information on the situation and to get familiar with the research area. Qualitative studies -observations and interviews- are used to gain more knowledge of the research topic (Sekaran, 2003). The research mainly relies on secondary data; books and articles by various authors are considered. Literature is compared and new insights are gained. Interviews are conducted for the verification of the interests, which are characterized as primary data. In this research, qualitative data is the main source. The time dimension of this research is cross-sectional, which implies that the research is conducted at one particular moment in time. For useful literature, the data will be collected on acknowledged databases (e.g. ABI/Inform, JCR, Web of Science). The keywords that will be used during the search period are â€Å"FDI†, â€Å"entry modes†, â€Å"choice of country†, â€Å"region†, and â€Å"location determinants†. All literature sources can be found in the list of references. The theory will be examined by a qualitative case study. Case studies are used to understand a specific case under particular circumstances (Patton, 2002). 1.6 Disposition In chapter 2 the contemporary theory that has been evaluated and reviewed is presented. An introduction will be followed by a presentation of FDI and the factors that influence the location choice, followed by the location factors that are important for wind and bio-energy. In chapter 3 the methodology is elaborated and provides a description of the way this thesis was written and the choices that are made. In the second paragraph the data and sample size are explained. Theoretical and empirical frameworks are discussed, as well as the reliability and validity of this study. In chapter 4 the participating respondents are interviewed, which leads to an analysis and concludes the empirical results. Chapter 5 includes the results of the findings and the discussion that compares the theoretical statements that were researched and found necessary for this research presented in chapter 2. The mode of procedure is explained and the model of the empirical results is presented in this part. Chapter 6 includes the answers of this research by modifying the analysis model. The conclusion is based on the discussion in chapter 5. The answers serve as a proposal for further research in a broader context and give an opportunity of generalization. Chapter 2 Theoretical framework The literature review provides the foundation for this research, through discussions of previous studies on FDI and international business. Section 2.2 offers a review of studies regarding FDI. Next, it is essential to identify the location factors that influence that move, as it contains the answer to the second research question: What are location factors? The third paragraph contains a detailed overview of the location factors. An overview of the selected factors can be found in table 1. The list contains determinants to measure the impact on the location factors and their impact on FDI. The last paragraph contains a summary of the findings and a conclusion. 2.1 What is FDI? Modern day literature increasingly concentrates on subjects covering the globalization of markets and the internationalization of companies. Governments contribute to this situation by opening their regulations with the intention to profit from a more open economy (Dunning and Nurala, 2002). The growing number of liberal policies is a driving force for companies to go abroad and make FDI (Galà ¡n and Gonzà ¡lez-Benito, 2001). There are several definitions of a foreign direct investment presented by a number of researchers. A central theme of the definitions available on FDI, with the one illustrated by Moosa (2002) as a typical example, is that the companies undertaking such a venture aspire to gain a controlling stake in the asset or entity purchased. An FDI is not to be confused with an international or portfolio investment, where the aim merely is to diversify the holdings of the firm and make a financially sound investment (Buckley, 1998). FDI is defined as a firm based in one country (the home country) owning ten per cent (10%) or more of the stock of a company located in a foreign country (the host country). This amount of stock is generally enough to give the home country firm significant control over the host country firm. Most FDI is in wholly owned or nearly wholly owned subsidiaries. Other non-equity forms of FDI include: subcontracting, management contracts, franchising, and licensing and product sharing .In view of the above, FDI can be either inward or outward. FDI is measured either as a flow (amount of investment made in one year) or a stock (the total investment accumulation at the end of the year). Outward FDI can take various forms, home country residents can: purchase existing assets in a foreign country; make new investment in property, plant equipment in a foreign country; participate in a joint venture with a local partner in a foreign country (Dunning, 1976). 2.2 Location factors 2.2.1 Introduction There is considerable literature on the determinants of location factors for multinational Corporations (MNCs) when they choose their foreign market location, but very little on the relative importance of the location factors for FDI in a specific country and industry. It is widely believed that the trend towards globalized production and marketing has major implications for the attraction of developing countries to FDI inflows. The relative importance of FDI location determinants have changed. Even though traditional determinants and the types of FDI associated with them have not disappeared as a result of globalization, their importance is said to be on the decline. More specifically, one of the most important traditional FDI determinants, the size of national markets, has decreased in importance. At the same time, cost differences between locations, the quality of infrastructure, the ease of doing business and the availability of skills have become more important (UNCTAD 1996). Li kewise, Dunning (1999) argues that the motives for and the determinants of FDI have changed. Buckley and Ghauri (2004) point to the limited attention researchers have given to the FDI location factors in the literature. They suggest that international business strategy is distinct from main stream or single country business strategy only because of differences of location. Hence, location specifics are essential to the possibility of international strategy having a distinctive content. They, too, suggest that a focus on location, and possibly the question of why locations differ, could be a response to the issue of what forms the next big question in international business research. Dunning (2008) suggests that the more recent lack of attention to location by IB scholars could have arisen from an assumption that the location decision principles are the same for both international and domestic locations. Thus, scholars were either satisfied with existing explanations or as Dunning (1998) points out maybe theywere just not interested. In attempting to determine the relevant set of location factors, Michael Porters (1990) work cited in Hodgetts (1993) offers a valuable starting point. Porter notes that success for a given industry in international competition depends on the relative strength of that industry with regards to a set of business-related features or drivers of competitiveness, namely factor conditions; demand conditions; related and supporting industries; and firm strategy, structure, and rivalry. Government and chance are seen to influence competitiveness through their impact on the above four basic drivers. This framework the drivers of competitiveness has been used in a number of studies of industries and individual economies. Porters competitiveness framework has been the subject of major criticisms. Paul Krugman (1994) specifically criticized the idea that nations, or locations, compete in the same way as firms do, and his wide-ranging critique attacks this concept. Also, the empirical evidence for national competitiveness and the policies that follow are what Krugman (1994) describes as a dangerous obsession. Another criticism is that Porter places government involvement in international business outside of the core determinants. Many authors have claimed that Porters framework pays insufficient attention to relevant specific location factors such as globalization (Dunning, 1993), multinational companies (Dunning, 1993; RugmanVerbeke, 1993), technology (Narula, 1993. Several authors have questioned the validity of the model, and the conclusions drawn from the model, for countries such as Austria (Bellak Weiss, 1993), Canada (Rugman dCruz, 1993), Hong Kong (Redding, 1994) and Mexico (Hodgetts, 1993). A lot of research interested in providing the determining factors for FDI loca tion decisions is seen to be done by managers. Some of the major studies are the following (Dunning, 2000): theories of risk diversification (Rugman, 1979); agglomeration theories (Krugman, 1993; Porter, 1994, 1996); theories related to government-induced incentives (Loree and Guisinger, 1995); and theories of location (Dunning, 1997). All these new theories are certainly insightful, but they are all context-specific, and interested solely in stressing the relevance of certain factors to the detriment of others that may be equally significant. None of them has yet provided a satisfactory explanation of the relative importance of specific factors that lead managers to locate their investments via FDI in a specific country and industry (Dunning, 2008). Dunning (2008) believes that â€Å"it is not possible to formulate a single operationally testable theory that can explain all forms of foreign-owned production any more than it is possible to construct a generalized theory to explain all forms of trade or the behaviour of all kinds of firms.† Cohen (2007) believes that location factors for a specific location and industry that affect the location decision are based on the perceptions of a small group of senior managers, not a scientific formula. Furthermore, Buckly et al(2007) argue that studying a single firm or group of firms in the same industry is the best way to identify the most important factors, because firms in the same industry usually follow a systematic process for location choices, and seek to prioritize certain location factors as they become more internationally mature. Cohen (2007) argues, â€Å"No standard set of attributes, each with an assigned relative weight of importance, exists in the many lists of what matters in location published by business groups, international organizations, and scholars. Determining where to invest is a case-by-case decision†. Cohen (2007) also suggests that no single formula exists because specific strengths and weaknesses of a country or region might receive high priority by one team of corporate evaluators and can be ignored by another, depending on what kind of investment is contemplated, which in turn will determine a subsidiarys objectives and operational needs. Furthermore, individual corporate cultures will assign a different relative importance to what attributes they require in a country, what they would like to see, what negatives they can work around, and what is unequivocally unacceptable. Calculating trade-offs between positive and negative location characteristics is an art, not a science. Galan et al (2007) conducted an empirical research into location factors that has been researched by several theorists. This list provides a detailed overview of the main location factors and sub factors considered by several empirical studies that have examined their positive or negative influence on the location decisions of MNE managers in both DCs and LDCs. All these factors are usually included in the analyses made via the eclectic paradigm (Galan et al, 2007). They recognise that MNE managers motivation to eventually choose either or both groups of host countries will depend on the specific location factors available in them. These location factors are classified in the following categories: Cost factors Market factors Infrastructure and technological factors Political and legal factors Social Cultural factors The order of this list is random. According to Noorbakhshs, Paloni and Youssef (2001), foreign investors are attracted to regions that offer a combination of the location factors. The location factors are discussed separately in the next paragraph. 2.2.1 Cost factors This paragraph contains theoretical information about the cost factor as one of the location factors. The determinants that are criticized are labour costs and cost of materials. 2.2.1.1 Labour Cost The costs linked with the profitability of investment are one of the major determinants of investment (Asidu, 2002) . The rate of return on investment in a host economy influences the FDI decision. Asiedu (2002) noted that the lower the GDP per capita, the higher the rate of return and, therefore, the FDI inflow. Charkrabarti (2001) claims that wage as an indicator of labour cost has been the most arguable of all the potential determinants of FDI. There is no unanimity even among the comparatively small number of studies that have explored the role of wage in affecting FDI: results range from higher host country wages discouraging inbound FDI, to having no significant effect or even a positive association ( Dunning, 1989). Goldsbrough (1979) and Shamsuddin (1994) demonstrate that higher wages discourage FDI. Tsai (1994) obtains strong support for the cheap-labour hypothesis over the period 1983 to 1986, but weak support from 1975 to 1978. Charkrabarti (2001) stated that empirical res earch has found relative labour costs to be statistically significant, particularly for foreign investment in labour-intensive industries and for export-oriented subsidiaries. However, when the cost of labour is relatively irrelevant (when wage rates vary little from country to country), the skills of the labour force are expected to have an impact on decisions concerning FDI location. This is not the case for the investments in this case study, which is more knowledge based than labour intensive. Cheap labour is another important determinant of FDI flow to developing countries. A high wage-adjusted productivity of labour attracts efficiency-seeking FDI both aiming to produce for the host economy and for export from host countries. Studies by Wheeler and Mody (1992), Schneider and Frey (1985), and Loree and Guisinger (1995) show a positive impact of labour cost on FDI inflow. Countries with a large supply of skilled human capital attract more FDI, particularly in sectors that are relatively intensive in the use of skilled labour. 2.2.1.2 Cost of Materials The analysis above leads to two variables that can be measured to determine the importance of the cost factor that is labour cost (wages). The availability of raw material and cheap labour can be of crucial importance in the choice of location. The return on investments is not important for this study, because this is not region-constrained, so it is not an important factor for a location choice. FDI uses low labour costs and available raw materials for export promotion, leading to overall output growth. 2.2.2 Market Factors This paragraph contains theoretical information about the market factor as one of the location factors. The determinants that are criticized are market size, openness of the market, labour market and economic growth. 2.3.2.1 Market size The size of the host country market is a relevant determinant to the extent that the FDI is destined to serve the host market and not merely to set up an export platform. Larger markets should attract FDI because firms face economies of scale as FDI entails sunk costs (for example, in terms of adapting management to local conditions or getting familiar with host country legislation). Market growth should work in the same direction. Nunnenkamp (2002), Chakrabarti (2001) Campos and Kinoshita (2003), Braga Nonnenberg and Cardoso de Mendonca (2004), Addison and Heshmati (2003), Kolstad and Villanger, (2004) all find market size and/or growth to be relevant determinants of FDI. An economy with a large market size (along with other factors) should, therefore, attract more FDI. Market size is important for FDI as it provides potential for local sales, greater profitability of local sales to export sales and relatively diverse resources, which make local sourcing more feasible (Pfefferman and Madarassy 1992). A large market size provides more opportunities for sales and profit to foreign firms, and in doing so attracts FDI (Wang and Swain, 1995: Moore, 1993; Schneider and Frey, 1985; Frey, 1984). FDI inflow in any period is a function of market size (Wang and Swain, 1995). However, studies by Edwards (1990) and Asidu (2002) show that there is no significant impact of growth or market size on FDI inflows. Further, Loree and Guisinger (1995) and Wei (2000) find that market size and growth impact differ under different conditions. Artige and Nicolini (2005) state that market size, as measured by GDP or GDP per capita, seems to be the most robust FDI determinant in econometric studies. This is the main determinant for horizontal FDI. Jordaan (2004) mentions that FDI will move to countries with larger and expanding markets and greater purchasing power, where firms can potentially receive a higher return on their capital and by implication receive higher profit on their investments. Charkrabarti (2001) states that the market-size hypothesis supports an idea that a large market is required for efficient utilization of resources and exploitation of economies of scale: as the market-size grows to some critical value, FDI will start to increase with its further expansion. This is a questionable conclusion, because there are firms who are looking for niche markets for their products and a large expanding market is a disadvantage to them. Concluding the size of the market and the GDP of a region are not important determinants for the location choice. 2.2.2.2 Openness of the Market There is mixed evidence concerning the significance of openness, which is measured mostly by the ratio of exports plus imports to GDP, in determining FDI as well (Charkrabarti 2001). Jordaan (2004) claims that the impact of openness on FDI depends on the type of investment. If the investments are market-seeking oriented, trade restrictions (and therefore less openness) could have an impact on FDI. The reason stems from the â€Å"tariff jumping† hypothesis, which argues that foreign firms that seek to serve local markets may decide to set up subsidiaries in the host country if it is difficult to import their products into the country. In distinction, multinational firms involved in export-oriented investments may choose to invest in a more liberal economy since increased imperfections that accompany trade protection generally imply higher transaction costs associated with exporting. Wheeler and Mody (1992) observe a strong positive support for this theory in the manufacturing s ector, but a weak negative link in the electronic sector. Kravis and Lipsey (1982), Culem (1988), Edwards (1990) find a strong positive effect of openness on FDI and Schmitz and Bieri (1972) obtain a weak positive link. Trade openness generally has a positive influence on the export-oriented FDI inflow into an economy (Edwards (1990), Gastanaga et al. (1998), Housmann and Fernandez-arias (2000), Asidu (2001)). In general, the empirical literature reveals that one of the important factors for attracting FDI is trade policy reform in the host country. Theoretical literature has explored the trade openness or the restrictiveness of trade policies (Bhagwati, 1973; 1994; Brecher and Diaz-Alejandro, 1977; Brecher and Findley; 1983). Investors in general prefer big markets to invest in and they like countries that have regional trade integration, as well as countries with greater investment provisions in their trade agreements. Theory does not give any clear-cut answer to the question how trade barriers affect the level of FDI flows. â€Å"Horizontal† FDI tends to replace exports if the costs of market access through exports are higher than the net costs of setting up a local plant and doing business in a foreign environment. Traditionally, governments have used trade barriers to induce â€Å"tariff-jumping FDI†, i.e. horizontal FDI that takes place to circumvent trade barriers. On the other hand, â€Å"vertical† FDI relies on a constant flow of intermediate products in and out of the host country and therefore benefits from a liberal trade environment. In that case, trade barriers should encourage â€Å"horizontal FDI† and discourage â€Å"vertical FDI† and its effect on the aggregate level of FDI depends on which type of FDI dominates. Empirical studies, however, support a positive effect of openness on FDI. Chakrabarti (2001) finds the sum of imports and exports as a share of GDP to be the variable most likely to be positively co rrelated with FDI besides market size in an extreme bounds analysis. Braga Nonnenberg and Cardoso de Mendonca (2004) and Addison and Heshemati (2003) also find this variable to be positively correlated with FDI. The problem with using trade as a share of GDP as a measure of trade policies is that it reveals a trade policy outcome, rather than trade guidelines. The openness of a market is clearly linked with the policy regulations of the potential market. Pà ¤rletun (2008) finds that trade openness is positive but statistically significant from zero. Moosa (2002) states that while access to specific markets is important, domestic market factors are predictably much less relevant in export-oriented foreign firms. A range of surveys suggests a widespread perception that â€Å"open† economies encourage more foreign investment (Moosa, 2002).Therefore, the openness of a market is relevant to the appeal of a region. Restrictions will decrease the appeal of the region. 2.2.2.3 Labour market Labour is also a determinant for market factors according to Majocchi and Presutti (2009), they investigated whether entrepreneurial culture plays a role in attracting foreign direct investment (FDI). Multinationals are a network of distributed assets that contain entrepreneurial potential and are highly innovative to increase competitiveness (Rugman and Verbeke, 2001). Firms and entrepreneurs are valuable in gaining access to local knowledge. However, entrepreneurial culture may also rely on resources in the local environment, which is not mentioned in particular by Majocchi et al. (2009). In this respect, natural resources are taken for granted. The availability of a cheap workforce (particularly an educated one), personnel policy, female participation and ageing influences investment decisions and in doing so are a determinant that influences the FDI inflow. A negative effect of these determinants will lead to an increase in wages and a decline in the return of investments in the future. Due to the static framework of this thesis, these determinants are not investigated. 2.2.2.4 Economic Growth If the host countrys market has a high-growth rate, it attracts more investors on a long-term basis (Chen, 2007). Economic environment growth in a country serves underlying factors when company decide which country to enter (Erramilli 1991).The role of growth in attracting FDI has also been the subject of controversy. Charkrabarti (2001) states that the growth hypothesis developed by Lim (1983) maintains that a rapidly growing economy provides relatively better opportunities for making profits than the ones growing slowly or not growing at all. Lunn (1980), Schneider and Frey (1985) and Culem (1988) find a significantly positive effect of growth on FDI, while Tsai (1994) obtains a strong support for the hypothesis over the period 1983 to 1986, but only a weak link from 1975 to 1978. On the other hand, Nigh (1985) reports a weak positive correlation for the less developed economies and a weak negative correlation for the developed countries. Gastanagaet et al. (1998) and Schneider and Frey (1985) found positive significant effects of growth on FDI FDI has the ability stimulate economic growth only in the short run while the economy is shifting from one short-lived equilibrium to another. The only source of long-term economic growth is technological progress, which is considered to be independent of investment activities. This factor is discussed in the next paragraph. However, in endogenous growth theory, the diminishing returns on investment can be avoided if there are positive externalities associated with investments (Oxelheim, 1996). If investment brings enough new knowledge and technologies, it can lead to long-term economic growth. As, typically, FDI brings new technologies and knowledge, in accordance with endogenous growth theory it can be viewed as a catalyst of long-term economic growth in a host economy. Economic growth will improve the ability to compete with other regions and this will increase the quality and ability of other location factors. The relevance of economic growth for FDI is not very clear: it depends on the distribution of the new capital. The analysis above leads to four validated variables that determine the relevance of market factors: (a) market size, (b) openness of the market, labour market and (c) economic growth. Market size is the only variable that is less important. The openness of a market and the economic growth are very important, these variables are positively linked with political, infrastructural and technological factors. An open market as well as a positive economic growth will lead to more FDI in a region. 2.2.3 Infrastructure Technologic Can Assassinations Ever Be Justified? Can Assassinations Ever Be Justified? Hitler- one of the most known names in the world even after 65 years. Osama bin Laden, man responsible for attacks on World Trade Centre on 11th of September 2001. Robert Mugabe- president of Zimbabwe form 1987, a very selfish man and instead of improving living conditions in his country, he spends huge amounts of money on himself. In the world full of conflicts and tyrants, can the assassination of one or two men make a difference? If yes, would it be justified? If one person can change the lives of others into hell, is assassination of him justified? If you would have a chance to kill a man in order to save millions of humans, would you do it? Is greater good the only one justification of assassinating someone? Would killing someone not make you as evil as a person youd kill? Even with greater good, is assassination ever justified? Assassination is widely held to mean a planned murder of a prominent of public figure. Its origins can be found in the Middle East. The word is derived from Arabic Hashshashin. It was pejorative name given Nazri Islamis particularly those of Syria and Persia by their adversaries during Middle Ages. The Nazris have smoked hashish before carrying out political killings and thats where the name comes from. Throughout history theres lots of assassinations and attempts, like the assassination of Archduke Franz Ferdinand or the assassination of Julius Caesar. The assassination of Julius Caesar is the first known assassination ever committed. He was killed by his own men on the Ides of March, at a session of the senate. He was stabbed 23 times. Marcus Junius Brutus was one of the conspirators and also a friend of Caesar. In the present day, there have been examples of assassinations and failed attempts on people such as John F. Kennedy, John Paul II, John Lennon or Olof Palme. However, a mo re detailed discussion of assassination is required to address the question of assassination- whether one act of evil can, in fact, be justified. Politics is usually one of the most common reasons why an individual is assassinated. There are always people who dont agree with thoughts of others. People might have their own view on different things but it doesnt necessarily mean that they must kill. Some assassinations such as assassination of John F. Kennedy and Martin Luther King are clearly unjustifiable. Martin Luther King was American activist and prominent leader in African American civil rights movement. He was assassinated by James Earl Ray- a white man. People believe it was a conspiracy because many white leaders didnt want any black men to have civil rights. John F. Kennedy was assassinated by Lee Harvey Oswald. However he denied shooting anyone. There are lots of theories of motives for killing the president. One theory says it was the presidents plans for Vietnam that prompted his murder. The president said that Vietnam was too far away from the United States, that South Vietnams claim to democracy was false, and th at the U.S. had no business sending American troops to fight in what was really a local war. Another assassinated political figure was Archduke Franz Ferdinand. The assassination of this man basically triggered World War I. He and his wife were assassinated in Sarajevo in 1914, by Gavrilo Princip, 19 at the time. It was organized by organization called Black Hand. There was also pope, John Paul II. There was assassination attempt by Mehmed Ali Agca. According to Agca operation was commanded by the Bulgarian military Attachà ©. Another example of political assassination is Olof Palme a Swedish politician. The murder is still unsolved and it might never be. He was a controversial politician- it could have lead to his assassination. What about the greater good? Could one act of evil be accepted if it rids the world of suffering? Would assassination on tyrant, such as Hitler be justified if it saved millions of people, which have been killed during World War II? In my opinion it would be justified and worth it even if it was only one man that could be saved. I think that someone who doesnt respect life of other people and kills millions only because of his racist and nationalist thoughts shouldnt be so lucky to live. Utilitarianism says that the moral worth of an action is determined solely by its usefulness. Even if you kill someone thinking about greater good, you still are a killer. Doesnt it mean that you are as bad as he is? I dont think so, if you kill one man in order to save a life, either yours or someone elses it doesnt make you evil. It doesnt really matter who could care of getting rid of Hitler as long as the job was done successfully. There are individuals who assassinate for reasons other than politics or religion. They may simply be deranged fame hungry individuals, such as Mark David Chapman or John Hinckley Jr. Mark David Chapman was a psychopath who killed John Lennon. He was a fan of The Beatles for years especially John Lennons. John Hinckley Jr. was a man who attempted and assassination on Ronald Reagan and according to him, he has done it to impress Jodie Foster. He was obsessed with her. It has developed since he first time watched film called Taxi Driver. I think that if those two would be never psychopaths they would never done those things. In my opinion its not really their fault. People become crazy and they never realize that they are actually obsessed. It is not maybe a justification to what theyve done but helps understand what the motives could be. What about the world today? How could suffering be alleviated now? Is assassination the answer? Would it be better if Robert Mugabe was assassinated? Would it make a difference now- when he has been president of Zimbabwe since 1987? He has not long to live because of his age but I think it would be worth to save people today and not tomorrow. Lots of those people can no longer live to see tomorrow. Mugabe is a selfish man who was ruining country for years and it should be changed. The global superpowers should become more interested and should deal with him as fast as possible. What about Osama bin Laden another terrorist? Is he also the case? He was responsible for attacks on World Trade Centre on 11th of September 2001. However there have been rumors that it was actually done by U.S. Osama bin Ladens whereabouts are unknown. Although he might fight for something he considers to as a right thing, he is a terrorist and he must pay for what hes done. In my opinion those people could b e assassinated because there could not be any other ways for improving the situation. If the death of two men will save thousands of lives worldwide, I think it is enough of a justification. In conclusion, I think that greater good is maybe not the only one, but just now, I cannot see any other as much important justifications for assassinations. In every country on earth there are people that are selfish and are making hell of other peoples lives, but not everyone of those are cases for assassination. Even though there is a lot of evil, assassination is not always the solution, even if suffering of many will be alleviated for a while because of death of a tyrant, you never know who will come after him.

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HUMN 330 Values and Ethics Online Course Syllabus Credit Hours: 3 Delivery Method: Online (Internet / Blackboard) Required Textbook Rosenstand, N. (2013). The moral of the story: An introduction to ethics (7th ed. ). New York, NY: McGraw-Hill. ISBN: 978-0078038426 Course Description This course focuses on the process of practical ethics as a way of resolving moral conflict and of understanding professional responsibility in a multi-culturally diverse society without devaluating specific viewpoints of ethical or metaphysical theory, ideology, or religion.Students will use proposals, value judgments, observation statements, assumptions, and alternate-world assumptions in arguing contemporary issues of moral importance. With this basic moral logic, students will resolve issues in terms of rights, responsibilities, and the community of rational beings; in terms of consequences and contingencies; and in terms of habituated virtues and character. Free and unrestricted discourse will be enc ouraged so as to let students find common ground in diversity. Course Goals This course is designed to help students: 1. Understand the basic vocabulary and fundamental theories of ethics. . Discover life's values and determine which values are the most worthwhile. 3. Relate the textbook theories to actual life situations. 4. Find greater personal peace by choosing more constructive values. 5. Apply understanding of ethics to personal lives. 6. Understand the relationship between attitudes, values and moral conduct. Learning Outcomes This syllabus was developed for online learning by Dr. Moseby HUMN 330 Online Syllabus 0712 Upon course completion, students will be able to: 1. Judge the role and importance of ethics and evaluate moral behavior based on the criteria of value and self autonomy. . Assess the psychological, sociological, historical, and philosophical background of ethics. 3. Relate the nature and role of reason in understanding values. 4. Relate the nature and characteri stics of freedom when responding to values. 5. Distinguish and apply ethical principles in ethical situations. 6. Explain the various arguments for and against the major contemporary ethical issues. 7. Discuss one’s options for identifying and replacing inferior values. 8. Explain the role, nature, and characteristics of responsibility. 9.Defend the value of and the process of foreseeing the consequences of an individual’s conduct. 10. Defend the choice of a viable ethical theory in solving an ethical problem. 11. Utilize the principles of critical thinking to enhance learning skills and to increase intellectual and moral growth. 12. Evaluate their conduct in the light of constructive ethical expectations. Grading Your final grade will be based on the following evaluation items: Grade Scale 90 – 100% 80 – 89% 70 – 79% 60 – 69% 0 – 59% A B C D F Evaluation Items and Weights Weekly Assignments Discussions Midterm Exam Group Project Fina l Exam Total 5% 30% 15% 15% 15% 100% Activities and Assignments Activities Each module, excluding Module 9, contains various assignments related to the respective module, such as: ? Chapter and Lecture Notes. This activity consists of reading the text and the lecture notes that are posted in each module. ? Reading and Reflection. This activity contains a reading activity that is assigned to stimulate additional thinking and some discussions within the topic area. This syllabus was developed for online learning by Dr. Moseby HUMN 330 Online Syllabus 0712 ? ? Research and Critical Thinking.This activity varies with each module; however, they are typical outside readings with associated discussion questions of short essay-type answers to the topic area. Application. This activity varies with each module and is integrated into the learning modules to help you apply and reinforce the concepts that each module introduces. Weekly Assignments The assignments vary from module to module and a re based on the activities that were contained within the module. Each includes a combination of threaded discussions, short essays, or study questions based on text or outside readings.The weekly assignments comprise 25% of your grade. Discussions The Discussion Board is an integral part of your learning in this course. You are encouraged and expected to participate in online discussions. Regular and meaningful discussion postings are part of your final grade. Each module, excluding Module 9, contain Discussion Board topics or questions that will help sharpen your critical thinking and written communication skills as you study the theories and concepts related to values and ethics.Thirty percent of your course grade will come from your original responses to module discussion prompts and responses to classmates submitted to the appropriate Discussion Board forum in response to these module discussion activities. Please refer to the Checklist for Meaningful Discussions and Discussion Rubric in Module 1. Discussions account for 30% of your grade. Exams Both the Midterm and Final Exams are time-limited online tests. The Midterm will cover Modules 1 through 4 (Chapters 1-6) and is to be taken in Week 4. The Final is comprehensive (Modules 1-4 and 5-9, Chapters 1-13) and is to be taken during Week 9.The Midterm and Final are each worth 15% of your grade. Group Project Module 8 is devoted to the group project. The Instructor will divide the class into four virtual groups to discuss a case involving an ethical issue. ? ? ? ? Group 1: Media Ethics Group 2: Theory of Just War Group 3: Animal Welfare and Animal Rights Group 4: Death Penalty Each group will have its own private group discussion forum. Accessing this private forum is a little different from reaching the public discussion forums. You will need to click the Groups menu item, not the Discussion Board.After clicking Groups, you will see the four groups listed but you will only have access to the group you hav e been assigned to. Click your group link to see a list of the other members of your group and then the Group Discussion Board link to access the discussion forum. This syllabus was developed for online learning by Dr. Moseby HUMN 330 Online Syllabus 0712 Work with your assigned group members on the ethics case for your group in your private discussion forum. Identify ethical or moral justifications to support your arguments from the text or additional sources as necessary.Use the Internet to research any additional information you would like to use in your group's discussion. After groups have had time to review and discuss their cases and reach a consensus on the topic, one member of each of group will post its findings to the appropriate thread in the public Module 8 – Group Presentations forum. As individuals, each student will then comment on at least two other group presentations. The group project makes up 15% of your grade. Additional Information Library Embry-Riddle Aeronautical University has one of the most complete library collections of aviation-related resources in the world. ? ERAU Libraries: http://library. erau. edu/ Hunt Library Worldwide: Information, Services, Help o Worldwide Library: Basic Training o Worldwide Library: Ask-a-Librarian o Reference: Research Request Contact Information ? Hours: Monday – Friday 8:00 a. m. – 5:00 p. m. Eastern Time ? Telephone: 1-800-678-9428 or 386-226-6947 ? Email: [email  protected] edu RefWorks RefWorks is an online database tool that can manage references and citations from almost any source. It provides specific guidance in how to collect and use references, create bibliographies, and write research papers.You may access it through this ERAU organizational login link when signed in to ERNIE or directly from the RefWorks website (http://www. refworks. com). A different link must be used for off-campus access (see these instructions). RefWorks requires users to create a RefWorks-spe cific username and password. Please contact the Hunt Library if you have any questions. Online Sources There are many websites that offer current information on values and ethics and any search engine (Google, etc. ,) will get you to both historic and current information that is relevant to the content of this course.In addition, many links are provided within the online learning modules. APA Format ERAU students should master the American Psychological Association (APA) editorial style format for research papers and other written assignments. Two good websites to bookmark for help citing references used in your assignments and discussion posts are listed below. (See the Academic Resources folder in the Resources area of the course for additional sites on APA style. ) This syllabus was developed for online learning by Dr. Moseby HUMN 330 Online Syllabus 0712 The OWL at Purdue, APA Formatting and Style Guide APA Style. rg Course Policies Academic Integrity Embry-Riddle is committed t o maintaining and upholding intellectual integrity. All students, faculty, and staff have obligations to prevent violations of academic integrity and take corrective action when they occur. The adjudication process will involve imposing sanctions which may include, but are not limited to, a failing grade on the assignment, a failing grade in a course, suspension or dismissal from the University, upon students who commit the following academic violations: 1. Plagiarism: Presenting the ideas, words, or products of another as one’s own.Plagiarism includes use of any source to complete academic assignments without proper acknowledgement of the source. Reuse or resubmission of a student’s own coursework if previously used or submitted in another course, is considered self-plagiarism, and is also not allowed under University policy. 2. Cheating: A broad term that includes, but is not limited to, the following: a. Giving or receiving help from unauthorized persons or material s during examinations. b. The unauthorized communication of examination questions prior to, during, or following administration of the examination. . Collaboration on examinations or assignments expected to be, or presented as, individual work. d. Fraud and deceit, that include knowingly furnishing false or misleading information or failing to furnish appropriate information when requested, such as when applying for admission to the University. Online Learning This course is offered through ERAU Worldwide Online (Blackboard) and runs nine (9) weeks. The first week begins the first day of the term and ends at midnight EDT/EST (as applicable) seven days later.Success in this course requires in-depth study of each module as assigned, timely completion of assignments, and regular participation in forum discussions. Late work should be the exception and not the rule and may be downgraded at the discretion of the Instructor, if accepted at all. Unless all work is submitted, the student co uld receive a failing grade for the course. Extensions may be granted for extenuating circumstances at the discretion of the Instructor and only for the length of time the Instructor deems appropriate. The most important element of success in an online course is to communicate with your Instructor throughout the term.Conventions of â€Å"online etiquette,† which include courtesy to all users, will be observed. Students should use the Send Email function in Blackboard for private messages to the Instructor and other students. The class Discussion Board forums are for public messages. It is highly recommended that students keep electronic copies of all materials submitted as assignments, discussion board posts and emails, until after the end of the term and a final This syllabus was developed for online learning by Dr. Moseby HUMN 330 Online Syllabus 0712 grade is received.When posting responses in a discussion forum, please confirm that the responses have actually been posted after you submit them. Course Schedule Module Title Understanding Values, Morals, and Ethics Activities / Assignments 1. 1 – Introductions 1. 2 – Read Chapter 1; View Morality Video 1. 3 – Reading and Reflection: Morality and Ethics 1. 4 – Application: Current News Search 1. 5 – Discussion 1: Ethical Behavior 1. 6 – Discussion 2: Moral Issues 2. 1 – Read Chapter 2 and 3 2. 2 – Research and Critical Thinking: Haroun and the Sea of Stories Study Questions 2. – Discussion: Understanding the Past 2. 4 – Application: Moral Dilemma 2. 5 – Discussion: Ethnicity vs National Identity 3. 1 – Read Chapter 4; 3. 2 – Research and Critical Thinking â€Å"The Ethics of Emergencies Study Questions† 3. 3 – Reading and Reflection: Altruistic Behaviors 3. 4 – Application: Essay on Rand’s Ideas 3. 5 – Discussion: Understanding Altruism 4. 1 – Read Chapters 5 and 6 4. 2 â €“ Reading and Reflection: Utilitarianism and Deontology 4. 3 – Research and Critical Thinking: Flight 93 and Utilitarianism in Times of Crisis 4. – Discussion: Ends and Means 5. 1 – Review Modules 1 through 4 Learning Objectives 5. 2 – Discussion: Midterm Q & A 5. 3 – Midterm Exam 6. 1 – Read Chapters 7 and 8; Listen to â€Å"I Have a Dream Speech† 6. 2 – Reading and Reflection: Walmart Employment Practices 6. 3 – Application: Education Equity and Social Justice Awareness 6. 4 – Discussion 1: Person vs. Human Being 6. 5 – Discussion 2: Rights and Responsibilities 6. 6 – Research & Critical Thinking: The Trial of Socrates 6. 7 – Application: Resolving Ethical Dilemmas 6. 8 – Discussion 3: Socrates’ Trial 7. – Read Chapters 10 and 11 7. 2 – Research and Critical Thinking: â€Å"Either/Or† Study Questions 7. 3 – Reading and Reflection: Philosophers 7 . 4 – Application: â€Å"Why Courage Matters: The Way to Braver Life† Study Questions 7. 5 – Discussion: Politics 7. 6 – Group Project Preview 8. 1 – Read Chapters 12 and 13; View Gender and Ethics Video 8. 2 – Reading and Reflection: Group Case 8. 3 – Research and Critical Thinking: Group Case 8. 4 – Application: Group Findings 9. 1 – Review Modules 1 through 8 Learning Objectives 9. 2 – Discussion: Final Q and A 9. – Final Exam 1 2 Moral Lessons Through Time and Ethical Relativism 3 Exploring Psychological and Ethical Egoism 4 Utilitarian Reasoning and Universal Law 5 Midterm Exam Week 6 Human Rights, Justice and the Concept of Virtues 7 The Contemporary Perspectives and Case Studies in Virtue 8 Feminism, Virtue, and the Exploration of Ethics in a Global Context 9 Final Exam Week This syllabus was developed for online learning by Dr. Moseby HUMN 330 Online Syllabus 0712 This syllabus was developed for onl ine learning by Dr. Moseby HUMN 330 Online Syllabus 0712

How Free Government Grants Loans Are Available For People...

Free government grants loans are available for people who are in real need of money to fulfill their needs. The recent economic recession has left most of the people in financial crisis and whether it is business or house repair work, they need financial help to get these needs accomplished. Many people either somehow manage with the deficits or look for some financial help. Nearly everyone out of these is not in a position to repay the loans and so they hesitate to go for those options. There are various government grants available for different needs and those who are aware of this opportunity, they apply and try to get it. It is not easy to get the government grant money and you need lot of preparation and make sure your timing is accurate. The main reason behind this is that most of the grants are on first come first serve basis so as soon as you find that the grants suitable for your needs are available, you should apply for them. Apart from this there are funds available throu gh some private and non profit organizations also which people can make use of. Free government grants loans are of great help in this financially crucial situation. People are applying for it and the panel that is appointed to look after the sanctioning of the grant application, makes sure that the money is provided to real needy people. Whether you need money for the fulfillment of your business need or personal use, you need to find out the right grants and then after qualifying for them,Show MoreRelatedGraduation Speech : College Tuition1634 Words   |  7 Pagesthan ever before. Most people push for free tuition for all community colleges and universities; however that is not a viable request Someone is going to have to foot the bill in the end. Multiple nations around the globe are also having difficulty finding a functioning price tag for a college degree. The history of tuition starts in 1862, when Congress passed the Morrill Act. The act established tuition-free land granted public universities. Tuition was free or almost free for most students who attendedRead MoreThe Is Not Like The Fast Food Workers1383 Words   |  6 PagesLook at all the people in this world, you have doctors, lawyers, construction workers, fast food workers, and a multitude of other professions. What do all of these professions have in common? All the people that work in these fields, want to go to college. Some are successful like doctors, but some are not like the fast food workers. This brings up a question, what prohibits these people from not going to the college of their choosing? There are two answers to this question, the first is, the individualRead MoreGraduation Speech : High School Seniors944 Words   |  4 Pagessummer before going off to college. Many of these kids may be receiving a scholarship or a grant, or a bill to help pay for school, and have to pay the rest out of pocket to cover the remaining expenses. With the economy still not being as strong as it once was, and many people trimming down their budgets, economic resources may be scarce, many people resort to the only choice they have left and take out student loans. Which in essence is what is crippling our economy. According to the Wall Street JournalRead MoreEffects Of Raised Tuition On College Students1068 Words   |  5 PagesAnnandale High Unit 1 Article USVA Government, W2 Adreana Hailu 10/1/2015 â€Æ' College Tuition Over the past few years there have been noticeable effects of raised tuition on college students throughout U.S. According to a recent College Board report, tuition and fees at four-year public institutions have increased by 31 percent (democrats.edworkforce.house.gov, Committee of education and the work force democrats). It’s not uncommon that students take out loans to afford college and later findRead MoreThe Rising Price Of The American Social Contract1204 Words   |  5 Pageswhen one understands the diminishing role federal grants have in providing education dollars for today s students. Today a federal Pell Grant covers only about one-third of what it costs for a public four-year college in-state, says Lauren Asher, president of The Institute for College Access and Success in California. In the 1980s it covered about half; in the 1970s it covered more than 70 percent. (Abramson). The reality is that for young people today, it is harder to educate one s way intoRead MoreStudent Loan Crisis Research Paper1332 Words   |  6 Pagesï ¿ ½PAGE ï ¿ ½ How to Make College More Affordable Many of the protesters occupying Wall Street and other places say they are upset about the rising price of going to college. There is little dispute today that the number of students who have debt has increased, and that the amount of money they have borrowed has gone up (Billitteri). Many students incur large amounts of debt that will never pay dividends in higher wages or greater job satisfaction, and they graduate into a world with weak employmentRead MoreEssay On Graduate Parents948 Words   |  4 Pageschildren in college due to money problems, but scholarships are offered. They are available across the country to assist low-income students in reaching their academic potential (Jacobs). A student who receives a grant does not have to pay back. Federal Support for education comprises loans, such as the Federal Direct Loan program; and grants like Supplemental Educational Opportunity Grants (Driscoll). Students qualify for loans at very low interest rates. According to the U.S. C ensus Bureau, college graduatesRead MoreA College Education Ranks Right Along With Owning Your1241 Words   |  5 Pagesschool. During my research, I found out that financial assistance, even student loans have not always been available to everyone. Sixty years ago, if your family didn’t have the money for education, a loan could be taken out with collateral or one could enlist in the military. Back then; men were sometimes drafted into the military before they could go to school because our country was at war. I learned in Government class President FDR signed the GI Bill in 1944; the GI bill was created for servicemenRead MoreRole Of Financial Aid In Education965 Words   |  4 PagesHow Does Financial Aid Work? Financial aid is a sensational implement for students all around the world. It is done in several different ways and benefits the lives of an abundance of people. Different levels of government work together to fund students by providing programs like FAFSA, for example. The federal government ensures the cooperation of state and local governments by providing funds to help them implement important programs. FAFSA stands for Free Application for Federal Student AidRead MoreBootstrap Essay1010 Words   |  5 PagesHow to Fund Your New Project or Your Startup Are you finally taking the plunge to work on your dream startup? Or perhaps taking forward the cherished project that you always wanted to work on? That is incredible. However, after getting your business plan, services, offerings, goals and ambitions in place, comes in the worry for the moolah. The big and important question. How do I fund my startup? In this age of booming new businesses and gutsy new entrepreneurs, securing funds in itself is a

Early Agricultural Societies, And River Valley Civilizations

The idea of society has come in many forms over hundreds and thousands of years. Societies have come and gone, taking ideas from each other and evolving. They pick and choose ideas that suit them and tweak the ideas to fit them further. Societies have began as simple as hunters and gatherers, and eventually the region may develop into a full blown civilization. Early agricultural societies, fully developed agricultural societies, and river valley civilizations are a few of the basic forms of society. While they may sound incredibly similar, there are differences. And even though societies are of the same type, it does not mean they are the same in every aspect. Early agricultural societies date as far back as 8000 BCE; they created the concept of the week, began festivals and ceremonies related to their work, and they worked towards socioeconomic growth. Early agricultural societies utilized informal types of government, likely led by tribe leaders. In this period, people were beginning to domesticate and breed animals for their use. They jump started advances in mathematics, began embracing the idea of patriarchy, and found the need to expand because of birth rates. Because of this, there was great inequality among men and women. Strangely, historians have no written record of early agricultural societies. There was about 4,000 years of development towards agricultural societies. During the transition towards a completely agricultural society in places such as the MiddleShow MoreRelatedGeographic and Environmental Factors1517 Words   |  7 Pagesto the development and expansion of the United States is the major rivers of the Midwest regions such as, â€Å"The Mississippi, Ohio, Missouri, Illinois, and other rivers knit together the American nation over the course of a century† (River Towns, River Networks, 2012). The early colonists had trouble passing over the Appalachian Mountains due to the extremely difficult environmental conditions that these mountains posed. The early colonists had to endure harsh and brutal surroundings (that they oftenRead MoreSimilarities And Differences Between Civilizations, Mesopotamia And Ancient China868 Words   |  4 PagesMany of the early world civilizations had similar experiences when evolving to become the influential societies that affected other societies. They were called the first civilizations because they were able to form the first functional communities, successful systems of organized laws over people, the distinction of social classes, economic income, and development of arts and educations. Two of histories well-known civilizations, Mesopotamia and Ancient China had similar experiences in the beginningsRead MoreHow Do The Neolithic And Paleolithic Revolutions Differ?1657 Words   |  7 Pagesadvanced society past the basic Paleolithic era, f orming a new type of living. The culture introduced in the Neolithic Revolution moved beyond nomadic styles of living and introduced agriculture, which allowed tribes to settle down and form communities. Through the different type of living, new concepts and culture formed: the concept of private property was introduced, which advanced society greatly. 2. What impact does the surplus production of agriculture have on societies? If societies are ableRead MoreStearns Book Chapter 1 Notes894 Words   |  4 PagesNotes from Stearns’ text book World Civilization 1:1 The Neolithic Revolution (10-13) †¢ Farming initially developed in the Middle East, the Fertile Crescent. Grains such as barley and wild wheat were abundant. Also, not heavily forested, and animals were in short supply, presenting a challenge to hunters. 10,000 BCE to 8,000 BCE. Notice: it took thousands of years for this â€Å"revolution† so not fast but profound for history. Agriculture was hard for many hunting and gathering peoples toRead MoreGeography and Early Civilizations Essay917 Words   |  4 PagesGeography and Early Civilizations Geography had a tremendous impact on early civilizations, the topography of the different regions played a key role in their development and formation. This statement by Fernand Braudel â€Å" Geography is the stage in which humanity’s endless dramas are played out† (Getz et al., Exchanges, 26) is a very moving and telling description. The terrain, whether it is natural or man made is not the end all, be all. It does however affect the stage a great deal. MountainousRead MoreMesopotamia, Egypt, and Indus Valley Essay813 Words   |  4 Pagesbeing the first civilizations, Mesopotamia and Ancient Egypt. They had many similarities, such as characteristics of early civilizations and social structures, but they also had their differences. The most embossed differences included the divergent geography, prior belief, trade, relations with other civilizations, and politics. The earliest societies, such as Mesopotamia and Ancient Egypt exhibiting indicator traits of civilization developed along the floodplains of great rivers, the Tigris andRead More Seeds of Trees Essay1172 Words   |  5 Pages According to the encyclopedia Encarta, a civilization is an advanced state of a society possessing historical and cultural unity. There are four early river valley societies that had successfully met the requirements to be called civilizations: Mesopotamia, Egypt, China and India. These four civilizations encompass several similarities as to how they developed, including location, spirituality, governmental structure and forms of written communication. Location played a fundamental role in theRead MoreBig Geography And The Peopling Of The Earth2489 Words   |  10 Pageshunter-gatherers grouped together to form small bands. They migrated from East Africa, and the tools they used changed as they adapted to the different climates. The majority of all of human history took place during this period. Hunter-forager society a society that finds food by hunting wild animals and gathering wild plants Until the Neolithic revolution, the people on earth were hunter-gatherers. They were nomadic and traveled in small bands. While the practice has almost died out today, a few isolatedRead MoreAp World History Midterm Study Guide Essay953 Words   |  4 Pageshumans out of Africa, and support the theory that these groups were nomadic hunters and foragers. Early humans were mobile and could adapt to different geographical settings from savannah to Ice Age tundra. Anthropologists infer that these bands were relatively egalitarian. 2. Using the evidence left from early human burial grounds and stone tools, anthropologists were able to infer that early human societies were egalitarian, hunter-gatherers, nomadic, easily adaptable, and developed sophisticated technologiesRead MoreThe Rise Of Civilizations On Egypt And Mesopotamia1530 Words   |  7 PagesThe rise of civilizations in Egypt and Mesopotamia occurred around the same time and the environment and natural forces affected the similarities and differences in social, political, and economic stability. There were many similarities and differences between both of these countries as well. In both cases, it was the river valley and geography that affected the agriculture, religious views, and government structures. The Mesopotamian and Egyptian civilization developed in the Middle East and were

Human Trafficking A Controversial Issue For Many Years

Human trafficking has been a controversial issue for many years. There are different types of trafficking, which helps makes it a widely diverse issue. In Thailand, traffickers rely on the poor desperate people of other countries as well as their own to fulfill their needs financially, physically, and emotionally. Thailand has various reasons why they use human trafficking; sex exploitation, forced labor, and obtaining their organs for an organ transplant. Sex exploitation has been used by mainly men for a long time. They choose both women and children to violate, sometimes even men. The prettier the woman is the more she is worth. All men, woman, and children could be forced into labor. This varies from what the owner wants from them. People can also choose to go and work for them because they think this is their only way of making money, but they usually do not see much of it. Finally, others purchase them just for their organs. There are very long waiting lists on some o rgans, by the time one comes about the person in need of the organ has already passed away. There are a number of steps and reasons that are involved in human trafficking. With all of these issues of; sex exploitations, and forced labor, and organ trafficking, the trafficked can become physically and mentally injured. Humans have been justifying Human Trafficking for decades. They use it for a number of reasons such as; sex, forced labor, organs, or anything else the owners of the humans want.Show MoreRelatedHuman Trafficking Laws Tougher Of Texas Essay1463 Words   |  6 PagesTo fully understand the controversies regarding making human trafficking laws tougher in Texas, it is essential to analyze the various views regarding the issue and its history to be able to see how the problem arose. Such views include discussions of laws like Tex. Penal Code  §20A.02, where it â€Å"Establishes trafficking as a second-degree felony with a sentence of two to 20 years imprisonment. If the persons trafficked or transported are under the age of 14, or if the commission of the offense resultsRead MoreImmigration Is A Major Controversial Issue1471 Words   |  6 PagesImmigration is a major controversial issue in today’s government. Some important matters include national security, the economic wei ght, escalation in drug and weapons trafficking, and human trafficking. Immigration is both beneficial and detrimental to many people, and our country. In my opinion the foremost concern regarding Immigration is National Security. â€Å"More than 10 million undocumented aliens currently reside in the U.S., and that population is growing by 700,000 per year† (Johnson and Kane)Read MoreChild Sex Trafficking877 Words   |  4 PagesWhen some people hear the expression â€Å"child sex trafficking† inevitably unspeakable thoughts come to mind, others are unaware this is even happening. Sex trafficking is a serious criminal issue taking place within the borders of the United States, but on the outside of these boarders this crime stands as a reliable source of income for those who participate. Although child sex trafficking is a local crime it is obvious that multiple nations have different viewpoints on the topic. The problem at handRead MoreBecoming A United States Citizen1075 Words   |  5 PagesBecoming a United States citizen is such a difficult task that many immigrants are crossing the border illegally. Today, the naturalization process is a large controversial topic. To become a citizen one has to go through a series of tests including topics about US government, language, and civics. One has to be able to speak and understand English which can be extremely difficult as a second language. Because it is so difficult to becoming a citizen or let alone enter a country with certain permissionsRead MoreHuman Trafficking is Becoming One of the Largest Criminal Enterprises in the US1638 Words   |  7 Pagesthe words â€Å"human trafficking† are heard, most people have mental images of young girls and women being beaten and abused (Walker-Rodriguez and Hill, 2011). Often times people’s mental images automatically assume that these victims of human trafficking are from Eastern Europe, Asia and Africa (Walker-Rodriguez and Hill, 2011). Unfortunately, human trafficking is a global issue (Jac-Kucharski) and happens everyday in the cities and towns surrounding us. Unfortunately, human tr afficking isn’t as easyRead MoreThe United States Immigration Policy1199 Words   |  5 Pages In the United States immigration has almost always been a controversial topic to discuss. James Madison wrote that Our kind reception of immigrants is very proper, but it is dictated more by benevolent [sic] than by interested consideration, though some of them seem to be very far from regarding the obligations as lying on their side(Madison, James) When Madison wrote this he had no clue of the problems that immigration could cause in the modern day United States in the last five to six decadesRead MoreThe Untold Story : Legalization Of Prostitution1308 Words   |  6 Pagesconsisted of mainly of women but also might have included children. In the United States, the public is blinded by a false representation of prostitution as it is considered a taboo and highly frowned upon and that can be attributed to how overconservative many Americans can be regarding the subject. However, our economy is at a difficult time and prostitution being legalized and regulated could work just like th e legalization of alcohol in the early 1930s, it must be operated like any business. ProstitutionRead MorePortugal s Criminal Justice System1440 Words   |  6 Pagescriminal law. In the courts of Portugal, like the U.S. offenders have the right to get an attorney given by law if they can’t afford one. Here in the United States offenders have the right to defend themselves in a court trial. The U.S. provides the same human right if not more than Portugal. Harry Dammer and Jay Albanese (2013), in Comparative Criminal Justice System states, â€Å" The right to an attorney, the right to remain silent, the right to be free of unwarranted searches, and arrests..† (Dammer AlbaneseRead MoreProstitution Is A Single Right Definition For Prostitution1167 Words   |  5 Pagesexistent. It’s legal in many parts of the world and it has always been debated whether or not it should be legalized here in the US. There are many aspects to look when determining whether it is the right or wrong thing to legalize prostitution. But first we have define what exactl y is prostitution. There’s not a single right definition for prostitution. We could look at the dictionary definition that’s the transfer of money for sexual activity. However, there could be many types of prostitution.Read MoreShould Prostitution Be Legal?1354 Words   |  6 Pagespros and cons of prostitution being legalized. Central Idea: There are various valid points on both side of the controversial issue of prostitution. I. Introduction Attention-Getter. The only reason I d lift my skirt is to pull a pistol and plug you in the head. Reveal the Topic. Should prostitution be legalized? C. Audience Motivation. Most human beings enjoy sex, but how do you feel about people having to pay for it? D. Qualifications/Credibility. After substantial research

Identification of Active Compounds Free Essays

Some plants have more than one chemical as an active principle responsible for their biological properties. Phytochemical tests was done to find the presence of the active chemical constituents such as alkaloid, glycosides, flavonoids, reducing sugars, triterpenes, phenolic acid and tannis. Detailed Phytochemical screening was carried out as per standard methods. We will write a custom essay sample on Identification of Active Compounds or any similar topic only for you Order Now (Kokate, 2000; Habone, 1999; Tiwari et al., 2011). Gas Chromatography Mass Spectrometry Analysis: To find the bioactive compound in the extracts and their quantification, it was further analyzed by GC/Ms. The various crude extracts of the plants were analyzed by using a Shimadzu, 2010 equipped with a splitless mode injector system,a flame photometric detector and a TRB 5 MS capillary column with 30m length,0.25 mm internal diameter and 0.25 um stationary film thickness prepared from Phenomenex was used for determination of biopesticide. The oven temperature was hold at 50? for 1 min then programmed at 25 ?/min to 125? ,from 125? to 300? at the rate of 10oC/min and finally holds for 15 min. The minimum detection limit of GC-MS for the determination of pesticide was 0.1ppb.The total time for one GC run was 30 min.Other operating conditions were as follows:ultra pure helium,passed through a molecular sieve trap and trap oxygen was used as the carrier gas at constant linear velocity of 40.7 cm/sec. The injection port temperature was 250?and used in splitless mode at ratio of 10:00.The detector temperature was hold at 280?.A hydrogen generator instrument was applied to supply hydrogen gas for flame photometric detector (FPD)at a flow of 1.22ml/min . The percentage composition of the crude extract constituents was expressed as a percentage by peak area. Total GC running time was. Interpretation on mass spectrum GC-MS was conducted using the database of national institute of standard and technology (NIST). The mass spectrum of the unknown component was compared with the spectrum of the known components stored in the NIST Library. Results:There are several factors that can interfere qualitatively and quantitatively in the results, in the metabolites presence, one of them can be seasonal factor, which may be considered as the period of seed collection. The present study made an effort to screen for its photochemicals the photochemical screening of methanolic extract of piper nigrum showed maximum number of metabolites like alkaloid, flavanoids, carbohydrates, proteins, phenols, phytosterols, tannins in table 1. Table No1: Photochemical screening of Piper NigrumS. No Phytochemicals Test Performed Result1. Alkaloids Hager’s testMayer’s Reagent Positive2. Carbohydrates Molish test Positive3. Saponins Froth test Negative4. Glycosides Borntager,s test Negative5. ProtienAmino acids Biuret’s Test Positive6. Phytosterol Libermann –Burchard’test Negative7. Phenolic compounds Ferric chloride test compounds Positive8. Flavonoids Alkaline Reagent testLead Acetate test Positive9. Terpenoids Salkowski’s test Positive10. Tannins Neutral FeCl3 PositiveFg: GC-MS Chromatogram of Piper Nigrum L. Table 2: Quantitaive analysis of P.Nigrum: Name Conc(%) Ret.Time m/z Area1. 3-Carene 7.846 3.574 93.00 9772. Delta-3-carene 18.671 3.655 93.00 23253. Alpha –Limonene 1.233 3.828 93.00 1554. Cinene 15.492 3.903 93.00 23125. Beta-Linalool 1.328 5.049 71.00 1656. Delta-Elemene 11.678 10.100 121.00 14547. Ylangene 0.418 10.420 121.00 528. Copaene 6.270 11.048 105.00 7819. Levo-beta-Elemene 1.222 11.390 93.00 15210. Caryophyllene 32.261 12.117 69.00 401911. Alpha Caryophyllene 7.053 12.919 93.00 87812. Alpha-Curcumene 0.557 13.473 73.00 8313. Eudesma-4(14),11-diene 0.749 13.684 93.00 9314. Alpha-Selinene 0.561 13.879 189.00 6915. Beta-Bisabolene 0.426 14.104 69.00 5316. Delta-Cadinene 2.335 14.441 161.00 29017. Caryophylleneoxide 1.110 15.953 43.00 13818. Myristyl chloride 0.614 16.049 43.00 7619. Ledol 0.097 16.558 43.00 1220. (-)-Spathulenol 3.700 17044 43.00 46021. Ar-tumerone 3.657 17.740 83.00 455In the present study ,the chemical profile of black pepper was identified using GC-MS.GC-MS investigation revealed that 21 compounds are identified in Black pepper extract . The major components of black pepper were caryophyllene (32.261),delta.3-carene (18.671) as well as Cinene(15.492) as indicated in Table 2.DiscussionStudies have reported that the spicy tang of pepper is due to the presence of piperamides which are the pungent bioactive alkaloids accumulate in the skin and seeds of fruit.(Nahak and Sahu, 2011) reported the presence of alkaloids, glycosides, tannins, phenol, essential oil and protein in Piper nigrum.The result of the study corroborates with findings of (Zahira et al.,2016) which shows alkaloid,flavanoid,carbohydrates,tannins,proteins,phenols,phytosterols,while terpeniods and saponins were absent.(Priya and Sarvana 2016) Revealed the presence of 15 components of blackpepper out of that highest integrated percentage of Aspartic acid is present and moderate amout of Limonene,Betasteosterol,and Asarinin.Previous study on GC-MS analysis were carried by (Morshed et al.,2017 )they reported that the Carophyllene ,Limonene and camphene were major components in oil of blacl pepper which were close to our findings. The differences are probably due to various geographic and ecological conditions.ConclusionThe phytochemical screening of methanolic extract of black pepper decleared the presence of many phytochemical components.The GC-MS analysis showed a number of components.The present study may be useful for further study in future to explore the biosynthetic activity of black pepper. How to cite Identification of Active Compounds, Papers

Legal Aspects of International Trade

Question: Discuss about the Legal Aspects of International Trade. Answer: Introduction This essay presents an analysis of business and corporations law by examining the various general functions and impacts of the law on conglomerates. The purpose of this paper is identifying a multinational company with its operations in Australia with the aim of unpacking the regulatory frameworks the company operates within. The paper also examines the impact of the various laws of Australia on the multinational company. This study is divided into three segments. The first part of the paper provides a brief description of the chosen company including the industry, within which the company operates, the global and Australian number of staff, and the location of the conglomerates global headquarters. The second part of the paper identifies and discusses the regulatory framework affecting the company in Australia and how it affects the company. The final part of the study presents a discourse of the impact of international conventions, agreements and treaties on the multinational compa nys products and services. The researcher chose BHP Billiton for the purposes of the above-described discourse. BHP Billiton BHP Billiton is one of the biggest global producers of key products such as uranium, copper, metallurgical coal, and iron ore. The company also has substantial interests in energy coal, oil and gas (BHP Billiton Limited 2016, p.1). Although the company falls within the overarching mining industry, this paper focuses mainly on the petroleum aspect of the multinational conglomerate. As such, the company falls within the Australian oil and gas industry. Furthermore, the oil and gas industry is heavily regulated with numerous law regimes in the six territories of Australia. Therefore, the extent of this present paper is not sufficient to cover the whole breadth of the regulatory framework of this industry. This paper, hence, provides a general review of the national and international regulatory frameworks and their impacts on the multinational company. BHP Billiton is majorly involved in the extraction and processing of oil, gas and minerals from their production operations, which are mainly located in the Americas and Australia. The companys global headquarters are located in Melbourne, Australia. The structure of the multinational company is Dual Listed, having two parent companies conducted as a singular economic entity. The companys management and Board are run in a unified manner. BHP Billiton has a worldwide staff of over 65,000 employees and contractors working in over 91 locations in different countries (BHP Billiton Limited 2016, p.38). As of June 2016, the company had 26,827 Australian employees and this figure is inclusive of all the employees within the subsidiaries controlled by the company (Ibisworld.Com.Au 2016). The company makes resource discoveries through Greenfield and Brownfield exploration and also considers divestment and acquisition opportunities to enhance their portfolio. In developing their options, the company then conducts evaluation, planning and investment in infrastructure and utilizes a rigorous and robust process in decision making (BHP Billiton Limited 2016, p.12). The preceding is the followed by extraction, processing as well as transportation of the products. With regard to the logistical and marketing design, the company manages distribution of their products via a global chain that includes pipelines and freight transportation. The sale of the companys products is then conducted via direct supply agreements. The company makes government payments that total up to US$3.7 billion, US$178.7 million in social investment, US$3.6 billion on employees, US$5.2 billion on shareholders and US$14.0 billion to suppliers. The total economic contribution of the multinational company amounts to US$26.7 billion (BHP Billiton Limited 2016, p.12). Among the countries within which the multinational corporation operates includes the United States, Pakistan, Chile, Algeria, the UK, Peru, Canada, Colombia, Malaysia, Singapore, Trinidad and Tobago, and Brazil. Australian Regulatory Frameworks Affecting BHP Billiton The Government of Australia acknowledges the significance and necessity of a regulatory framework to keep up with the developments in the financial market. The Government of Australia accomplished in 2001, major reform of the Corporations law and the aim of the said reform was to streamline regulation while keeping with investor protection and market integrity (PWC 2017). It is noteworthy that the Constitution of Australia confers powers upon the Federal Parliament to legislate on maters taxation, foreign investment and international trade. The following is a brief outline of the regulatory frameworks within Australia that affect BHP Billiton, which is registered in the United Kingdom. With regard to foreign investment, the Foreign Investment Review Board (FIRB) is the body charged with the duty of examining foreign persons proposals for undertaking direct investments in the country (PWC 2017). The non-statutory board makes recommendations to the Australian Government as to whether the corporations satisfy the requirements of the Foreign Acquisitions and Takeovers Act 1975 (FATA) and the Foreign Investment Policy of the Government. A foreign person can either be a corporation or a natural individual that holds a substantial interest. A substantial foreign interest is where the corporation owns over 15 percent of the voting or ownership rights. BHP Billiton is, hence, a multinational company that is subject to the FIRB and FATA approval. The Australian Securities and Investments Commission (ASIC) is the body responsible for incorporating companies and a corporation such as BHP would then be issued with an Australian Company Number (ACN). Foreign companies are required by law to establish a subsidiary Australian company. The general law that governs companies in Australia is the Corporations Act 2001. The Act contains provisions with respect to Australian branches, incorporation, among other business related provisions of corporations. For the purposes of direct income tax, a company is an Australian resident if it is either incorporated within the country or if not, carries on business in Australia. BHP Limited is therefore liable for payment of a 30 percent corporate tax of all it global assessable income (PWC 2017, p.22). BHP Billiton is also subject to incentives for capital investments issued by the government. For capital expenditures that were incurred on petroleum exploration after 14th May 2013, deductions on 15 years or less are applicable. However, mining rights costs that were directly acquired from the government are subject to an outright deduction. With regard to indirect tax, multinational or foreign corporations are liable for stamp duty and land taxes. Furthermore, a company such as BHP is liable for payroll tax, which is the tax that is levied upon employers on salaries made to employees and contractors. Moreover, this tax is exacted regardless of the source of employee payments either local or foreign payroll (PWC 2017, p.22). This tax is charged at rates ranging from 4.75% - 6.85%. By virtue of the provisions of the Customs Act 1901, a general 5 percent duty tax is payable for importation and exportation of goods into Australia. The goods and services of BHP Billiton are furthermore subject to a 10 percent Goods and Services Tax (GST). This tax is also payable during importation at the same rate. Petroleum Resource Rent Tax is also payable by companies in the Oil and Gas industry, charged at a rate of 30 percent on projects of over 30 million barrels (Minter 2013, p.11). BHP Billiton is also subject to the Taxation of Foreign Arrangements (TOFA) rules. Those rules prescribe ways of timing and recognizing foreign exchange losses and gains for the purposes of taxation. TOFA rule are applicable to foreign currency bank accounts. Multinational corporations are also affected by Australian employment laws such as the Fair Work Act 2009. The legislation contains numerous provisions important to BHP and among them includes the Minimum National Wage and the National Employment Standards. Other work related regulations that impact BHP Billiton include occupational health and safety legislation (mostly based on a unified regime) and the Superannuation Guarantee (Administration) Act 1992. The Superannuation law, for instance, requires employers to contribute certain amounts to their employees, failure to which the employers become liable of paying a charge. With regard to the offshore petroleum industry, the Offshore Petroleum and Greenhouse Gas Storage Act 2006 and its accompanying regulations provides the internal regulatory framework within the commonwealth waters. That Act provides for power sharing between the states and the government. Treaties, Conventions and Agreements that Impact on BHP Billitons Products and Services There are several treaties and conventions that impact the mining industry in general. However, this paper focuses on the Conventions, Treaties and Agreements that impact the Oil and Gas Industry in Australia. Scholars argue that the sheer influence, modus operandi and organizational structure of multinational corporations make them immune to conventional regulation methods (Deva 2004, p.39). In this regard, the international community still grapples with whether to adopt a home state or host state legal responsibility. With respect to regulation, debates are presented as to who conducts the regulation, which institution enforces and how regulations should be enforced against the corporations that fail to adhere to regulations. In general, regulation of multinational corporations can either be internal, external or both. Against this backdrop, the following section presents a brief overview of the international conventions, treaties and agreements that impact the oil and gas industry. By virtue of Article 38 of the Statute of the International Court of Justice, international conventions, customs and principles form part of municipal law. Accordingly, all conventions to which Australia is a party, will be binding upon all corporations incorporated within Australia. Furthermore, following the arguments in the preceding paragraph, all international treaties to which the host countries of BHP are a party are binding upon the multinational company. It is significant to note that Australia is a dualist state and this means that treaties are applied indirectly in national law and not directly. Treaties must be ratified by Parliament before they can form part of municipal law (Sloss 2011, p.4). Courts can also utilize judicial power to protect the rights of parties that are based on treaties. Since BHP Billiton is registered in England and Wales with its registered offices in Australia, it is bound by the treaties to which Australia is a party. However, even in the absenc e of incorporation of conventions, courts have determined that in certain instances, officials may take into account the provisions of international agreements (Minister of State for Immigration and Ethnic Affairs v Teoh 1995). Treaties and Conventions The overarching international convention with regard to oil spills is the United Nations Convention on Law of the Sea. It provides the rights and duties of states in authorizing and regulating oil production and exploration (Allen 2011, p.90). Australia ratified that treaty in 1994. The International Convention on Civil Liability for Oil Pollution Damage 1992 is another treaty that establishes liability and compensation mechanisms in the event of oil spills from tankers ratified by the Protection of the Sea (Civil Liability) Act 1981. The International Convention on the Establishment of an International Fund for Oil Pollution Damage 1992 is also a convention that provides for the contribution of oil companies in compensation of costs incurred as a result of oil spills. It was ratified by the Protection of the Sea (Oil Pollution Compensation Fund) Act 1993. Agreements The Australia United States Free Trade Agreement (AUSFTA) is an agreement that impacts multinational organizations with respect to foreign investment. Under that agreement, the United States is an investor even if the entity itself is not US-based but carries on business there. The Convention for the Protection of the Marine Environment of the North Atlantic 1992 (OSPAR Convention) is a Regional Agreement applicable in the North East Atlantic region. Article 35 expressly deals with oils spills. Conclusion This paper has discussed the internal and external regulatory framework of the oil and gas industry in light of BHP Billiton Limited. It is clear that enforcing international law on multinational companies, however, is difficult due to the challenges expressed in the paper. However, the internal regulations of multinational companies, as discussed, are robust and formidable. References Cases Minister of State for Immigration and Ethnic Affairs v Teoh (1995) 128 ALR 353 Statutes Fair Work Act 2009 Australia Foreign Acquisitions and Takeovers Act 1975 Australia (Cth) Offshore Petroleum and Greenhouse Gas Storage Act 2006 Australia (Cth) Protection of the Sea (Civil Liability) Act 1981 (Cth) Protection of the Sea (Oil Pollution Compensation Fund) Act 1993 Australia (Cth) The Corporations Act 2001 Australia (Cth) The Customs Act 1901 Australia The Superannuation Guarantee (Administration) Act 1992 Australia (Cth) Treaties Australian Government, Department of Foreign Affairs and Trade, Australia United States Free Trade Agreement, entry into force January 1, 2005 [2005] ATS 1, accessed April 20, 2017, https://www.info.dfat.gov.au/Info/Treaties/treaties.nsf/AllDocIDs/7DED2CE49FDACEC5CA256EAF00277EF4. Convention for the Protection of the Marine Environment of the North Atlantic 1992, adopted 22 September 1992, 2354 UNTS 67 1993 (entered into force 25 March 1998) (OSPAR Convention) International Convention on Civil Liability for Oil Pollution Damage 1992 as amended in 2002 with effect from 2003 973 UNTS 3 (entered into force 19 June 1975). International Convention on the Establishment of an International Fund for Oil Pollution Damage 1992 (Fund Convention). United Nations Convention on the Law of the Sea, opened for signature 10 December 1982, 1833 UNTS 3 (entered into force 16 November 1994) (UNCLOS) Other Sources Allen, J., 2011. A Global Oil Stain-Cleaning Up International Conventions for Liability and Compensation for Oil Exploration/Production.Austl. NZ Mar. LJ,25, p.90. BHP Billiton Limited, 2016,BHP Billiton Annual Report. Annual Report 2016. Melbourne, viewed 20 April 2017, https://www.bhpbilliton.com/media-and-insights/reports-and-presentations/2016/09/2016-annual-reporting-suite. Deva, S., 2004. Acting Extraterritorially to Tame Multinational Corporations for Human Rights Violations: Who Should Bell the Cat.Melb. J. Int'l L.,5, p.37. Ibisworld.Com.Au 2016, BHP Billiton Limited Retail viewed 20 April 2016, https://www.ibisworld.com.au/australian-company-research-reports/mining/bhp-billiton-limited-company.html Minter, Ellison 2013, Oil and Gas in Australia and New Zealand, viewed 20 April 2017, https://www.minterellison.com/files/Uploads/OilandGas_FB/files/assets/common/downloads/publication.pdf. PWC n.d., Doing business in Australia: An introductory guide, viewed 20 April 2017, https://www.pwc.de/de/internationale-maerkte/assets/doing-business-in-australia.pdf. Sloss, D 2011, Domestic Application of Treaties.