An Argument Do Vampires Exist - 1024 Words

Do Vampires Exist: Or Bite Me! Since the beginning or recorded history, there have been stories told about vampires. Bram Stoker’s renowned novel Dracula was published in 1897, and since then the myth about vampires has evolved and changed. We now have Stephanie Meyer’s Twilight Saga and HBO’s True Blood examining whether vampires exist in the known world. Whatever you think, you should be aware that vampires are creations of fiction writers based on old folk tales. On the other hand there are those who believe in Vampires. According to Vampire expert Ian Holt, â€Å"Vampires have existed throughout antiquity in every culture. I have met them. They have a culture and religion and they do drink blood. It’s given to them by willing†¦show more content†¦They are the latest in a succession of finds across western and central Europe which shed new light on just how seriously people took the threat of vampires and how those beliefs transformed into the modern myth. The two skeletons, believed to be around 800 years old, were discovered during an archaeological dig near a monastery in the Bulgarian Black Sea town of Sozopol.† In today’s society there is a greater than usual detachment from reality. With all the movies and T.V. shows featuring vampires, and how glamorous and wonderful it would be to be one with not a care in the world, and all the wealth you could ever want. Vampire stories have been around since the dawn of man and will continue until the end of mankind and they will continue across the millennium of time, but not in fact based reality Work Cited Gandhi, Sohang and Costas Efthimiou. â€Å"Are Vampires Real? Physics Professors Gandhi and Efthimiou Drive a Stake into the Heart of the Supernatural Myths† Scicop.org. Volume 31.4, July/August 2007. Web. 27 March 2013. Holt, Ian. â€Å"Vampires Do Exist, I Have Met Them†Show MoreRelatedVampire Existence1641 Words   |  7 PagesVampire existence Almost each nation has legends about vampires that rummage people at night and drink their blood. In these legends, vampires are brutal, heartless, half-decayed creatures. For example, Slavic mythology has a belief that a vampire won’t get out of grave if you throw some corn inside. The vampire will count corns all night long. But the image of a vampire has changed. Today it is an mysterious sexy superstar that kept its peculiar traits: love of blood, hate for garlic, and fearRead MoreVampires Real?1083 Words   |  5 PagesVampires Are Real With today’s media a fascination with monsters has risen to an all-time high. One monster in particular, though, has become the center point for all attention, the vampire. Many believe the existence of vampires is just a myth. One valid arguments of non-believers is that if vampires did exist, wouldn’t they have depleted their food source? Early legends of vampires are supported by the belief that people suffering from a deadly, but rare, blood disease not vampirism. BelieversRead MoreGothic review1035 Words   |  5 PagesRice’s Vampires have a lot to do with homosexuality and Haggerty’s highlighting this is in no way a new criticism, but the claim that is must be read as gay is entirely dismissive of the many other sexual paradigms that exist within The Vampire Chronicles. To begin with, his referral of Lestat as a ‘gay predator’ seems unfair in its definition. The fact of his being a vampire automatically asserts him as a ‘predator’, but his relationships are not exclusively homosexual. He is a vampire that merelyRead MoreCourtroom Case : Phyllis A. Roth Essay1558 Words   |  7 Pagesand the concept of femininity. She writes about the transformation that takes place when a proper lady turns into a sexual vampire. Her article points out where hostility toward women s sexuality is displayed in the novel, that the average reader may not pick up on. Roth has a strong argument. Let us examine Roth’s case. First, let us look at her thesis statement. The argument Roth is trying to make is that the â€Å"pre-Oedipal focus of the fantasies, specifically the child s relation with and hostilityRead MoreFemale Sexuality 1162 Words   |  5 Pagesthey can exist at the same time. In DRACULA, the general content is about the fighting between Dracula and humans, since Dracula tries to transform all the female characters into vampires. The language of the book is not very sexual, but the word â€Å"Voluptuousness† did shows up a lot in the book. The female characters, Mina, Lucy and the three sisters, they have different personalities, different attitude to love, and different virginity. When Dracula tried to transform them into vampires, they experienceRead MoreAnalysis Of Stephen King s Salem s Lot Essay1132 Words   |  5 PagesLot, Ben Mars is meant to be the normative hero, but instances like this places Susan against normative attitudes constructed in the book. Thus, while it may appear that Salem’s Lot is solely about the town’s struggle with the vampiric entity that exists within it, it is also about the attitudes like Mark’s, which are set up to prevent women like Susan from being the hero she wants to be. Mark comments, â€Å"It was a girl† (King 423). Mark’s use of the term â€Å"girl†, whether intentional or not, serves toRead MoreSexuality In Bram Stokers Dracula1082 Words   |  5 PagesSexuality in Bram Stoker s DraculaBram Stoker s Dracula, favorably received by critics upon publication in 1897, entertained its Victorian audience with unspeakable horrors such as vampires invading bedrooms to prey on beautiful maidens under the guise of night. The novel s eroticism proved even more unspeakable. Received in the era of repression, it remains questionable whether Dracula s readership perceived the sexuality flowing from the page. An advocate for the censorship of sexual materialRead MoreDependence By Octavia E. Butler1410 Words   |  6 Pages a science fiction vampire novel written by Octavia E. Butler. In her novel, Butler portrays dependence as a natural component of symbiotic relationships with many varying forms of expression. Based on this, she also show s a connection between co-dependence and addiction while still recognizing them as separate entities. One of Butler’s main, overarching arguments is that dependency is ingrained in all people naturally. Because of this, she purposefully chose to use vampires, fictional fantasy figuresRead MoreRichard Matheson s I Am Legend 1154 Words   |  5 Pageshusband. Your average joe working a blue collar job in the 1950 s, facts of life that change for him once the plague took hold of humanity. He created a safe-guarded sanctuary for himself within his own home fortified by garlic and crosses from the vampires who dominated the fallen world outside. Solitude was his only companion. Society provided Neville with support, structure, morals, and a community. With the fall of society, Neville priorities had changed. He had changed. Whilst the novel appearsRead MoreDracula, By Bram Stoker1148 Words   |  5 Pagesis the beast versus the man, whom are those that are normal and/or human beings (not a beast). This doubling actually comes very useful later on in Riquelme’s argument a s well. To help better summarize Riquelme’s thesis, he is meaning to pose the theory that these supposed doublings in Dracula are challenging the assumed differences that exist within society, suggesting that these meant-to-be contrasting societal groups are more-so similar than they are different. He is arguing that the characters

Understanding Dota Gamers Free Essays

string(36) " proof of attachment with the game\." DotA is an abbreviation of Defense of the Ancients which is a map modification from Warcraft III: Reign of Chaos and Frozen Throne based on the map of â€Å"Aeon Strife† of Starcraft, a team game focusing on hero combat. DotA is a five versus five game with two sides which are sentinel and scourge. The map is divided into three lanes where creeps automatically spawn. We will write a custom essay sample on Understanding Dota Gamers or any similar topic only for you Order Now The objective of the game is to destroy the opponent’s Ancient that is heavily guarded by several defensive towers which attacks hostile creatures. The map was developed with the World Editor of Reign of Chaos. The first DotA map was developed by anonymous modder known as Eul. He released DotA even before the Frozen Throne came out. Then another anonymous modder, Guinsoo, took over and converted DotA for the Frozen Throne, but he later stopped developing maps. Icefrog then took his place and is the current DotA developer. Game is commonly played with teams. Each team creates strategy to win the game. First, they pick hero, one hero for every player. Next, player buys item for the hero to make it strong. And proceed into one lane for defense and offense mode. Hero gains one gold, currency of the game, every second and forty for creeps and two hundred plus for hero kills. Player collects gold by farming, microing, and hostile hero killing to buy recipe items to be synthesized for an upgraded weapon. Also, hero gains level experience, up to level twenty five, every time they kill a creeps and heroes. Every hero has their own unique balance skill. Proper timing and usage of skill is one aspect that a DotA player needs to learn. Ever since the DotA was developed, the game had undergone many changes. Game bugs and glitch do appear and are reported by testers and players. It gives a thought that a modder is not the only developer of the game. The DotA community has their own share. â€Å"But despite all of the community’s help, it is still Icefrog, a man who may be named Jeremy, who may be from Boston and who may study at UCLA, which makes the final changes. The masses may be the power of the movement, but the figurehead and initiator of all that changes is still focused on a mysterious, almost spiritual figurehead. †1 The popularity of DotA has increased over time. The game can be played around local area network or online through battle. net. Battle. net allows one player to connect with other players in the internet. Garena provides interconnection of players for every game, in this case DotA. It has several rooms created by a host player inviting another player to join in. DotA was once featured in the magazine Computer Gaming World. Different tournaments were done and one of the famous is Electronic Sports World Cup in 2008. LAN tournaments are a major part of worldwide play. From game addiction to game creation, the League of Legends was released. It has the same environment with Defense of the Ancients, but an enhanced and improved graphics and animation and different characters, items and skills. Same goes with DOTA 2, the improvised DotA. Everything was remained. DOTA 2 is a whole new game. Even with DOTA 2 released, there are still player of the DotA. Pre-gamers think whether they will try the game or not. They are curious about the game. Things that in their mind are bad pictures like they will be bullied, will be laughed of, or will become attached to the game. They question themselves: why are existing players play DotA? How much fun can they get? How to play the game? With these questions in their mind, they are influence by their curiosity to start and play the game and find the answers themselves. They will seek assistance first, and then remember the basic controls and movements of the character for their next play. In other cases, curiosity is not the reason why someone starts to play DotA. It is the influence of their peers inviting the pre-gamer to join the club – DotA gamers. The friendship does not want to be broken. The known reputation of DotA being one of the most addictive games pushes the pre-gamer to decline playing. Some succeed in declining and others did not. It is because they are convinced by their friends to play DotA. Girlfriend of an existing DotA gamer is the common relationship status of girl players. They want to get the attention of their boyfriend. So, girlfriend asks her boyfriend to teach her and learn it herself so they can play and have fun together. Once they have tried the game, it will leave them impressions. The common impression is that it is not good because of the low quality graphical representation and the controls are hard to remember at first. It is also hard to kill an artificial intelligence character that a beginner will think the game is impossible, but this will change later. Another one impression is ‘disappointed’ because their first play could not meet their expectation and will not be satisfied with the result. Some quit at once while other continues. After getting the game’s information, a beginner will start to change his view towards the game. He/she will discover that the game is exciting, thrilling, and fun. He will practice playing to kill an AI character. This will lead to continuous playing and eventually improve his/her skills and strategies. When that happens, he/she will kill an AI and be ready to compete with other players. At middle time of a gamer, he/she finds DotA as a place of recreation and entertainment. His/her addiction of the game is showing. A gamer spends most of their free time playing the game solo or with friends. Other gamers still play sports and socialize with friends and play DotA afterwards. This case is a proof of attachment with the game. You read "Understanding Dota Gamers" in category "Papers" Some gamers treat DotA as a hobby. They only play for pastime or to entertain their self. They are not considered as addicted. On the other hand, a gamer is considered addict when he/she plays more than an hour, spends money to heat up the game, and chooses the game instead of socializing with others. There are other reasons or symptoms that based a gamer addicted. As time goes by, for existing gamers, they turn out to become advance game player. The game is as familiar as their house. Strategies are like rock, scissor, and paper game. They can switch to new strategy for whenever they want. In-game characters are like dolls they control as they command. â€Å"Change is the only constant†, said Heraclitus (535-375 BC). Changes show in the later time of the gamer. There are changes in gamers’ physical appearance, thinking capacity, socialization, and studies. These changes affect the player’s daily life. The gamer is different from his/her past self. If he/she attends a reunion, his/her relatives would think of him for another person. â€Å"Physical consequences of gaming addiction include carpal tunnel, migraines, sleep disturbances, backaches, eating irregularities, and poor personal hygiene. Carpal tunnel syndrome has long been associated with computer use, so it’s no surprise that it’s a physical symptom of gaming addiction. Carpal tunnel syndrome is caused when the main nerve between the forearm and hand is squeezed or pressed. This occurs when the carpal tunnel – the area of the wrist that houses the main nerve and tendons – becomes irritated or swollen. Overuse of a computer mouse can cause such irritation and swelling, as can excessive use of a video game controller. Migraine headaches typically start in one spot and slowly spread, getting more painful as they progress. In severe cases, the pain can be so extreme that it causes the sufferer to vomit. Light and noise can cause excruciating pain. Someone who plays video games for extended periods of time is more prone to migraines because of the intense concentration required and the strain put on the eyes. The term â€Å"sleep disturbances† covers several sleep-related disorders, including insomnia, narcolepsy, sleep apnea, nocturnal myoclonus (periodic leg or arms jerks during sleep), and parasomnia (i. e. , night terrors, sleepwalking or talking, and nightmares). Sleep disturbances are caused, in part, by overstimulation of the brain. However, some people can’t get a good night’s sleep simply because they think obsessively about the game they’re playing. Backaches are a common physical symptom of gaming addiction because most gamers stay seated in the same position for hours on end. The lack of movement causes stiffness and soreness, but could deteriorate into chronic back problems. Eating irregularities are caused by gaming addiction simply because most addicted gamers don’t want to take the time to eat properly. Rather than eating healthy, balanced meals, they eat food that is quick and usually unhealthy. In extreme cases, the gamer may choose not to eat at all. An addicted gamer is not going to take the time to properly care for himself. Showers, face-washing, and brushing hair and teeth all get put on the back burner. It simply becomes less of a priority, if it’s a priority at all. These physical consequences will occur in varying degrees from one gamer to another. Though the severity of physical consequences is often tied to the severity of the addiction, this is not always the case. A gamer that is already in poor physical condition will be more susceptible to these effects early on. †2 Video game is also a cause of obesity particularly with kids. They eat while their character is dead and wait until it respawn. Gamer mostly eats unhealthy or foods with imbalance nutrients. They do not exercise even sometimes which results to gaining weight, and back and wrist pains. This case majority happens to addicted players. A game player’s intellectual capabilities varies depend on his/her attitude or personalities. It also depends on their way of thinking and past knowledge. Gamers with strong and sharp mind usually win a session game in DotA. Gamers’ mind thinks fast that is to establish game strategy and to take up the lead. This factor is a good effect of video game. He/she can make decisions fast but careful because he/she thinks as if he/she is still playing. He/she does not want to screw his game play and strategic plan. â€Å"Playing a game which requires very fast deployment of visual attention and motor movement could prime a strategy of speed over accuracy,† explained Nelson, â€Å"while playing a game which emphasizes a slower, more thoughtful pace could prime the opposite pattern. The main point is that different kinds of video games engage different cognitive and perceptual skills, and there are measurable differences in their effects, even in the short term. Similar results have been noted in previous research by Daphne Bavelier, of the University of Rochester in New York. She co-authored a study that showed video game players have improved hand-to-eye coordination, increased visual processing, stronger mental rotation skills and enhanced visuo-spatial memory. †3 Defense of the Ancients is not as addictive as massive mult i-online role playing game (MMORPG), where a player maintains and upgrades level and strength of his character and does not restart the character information after logging off. Meanwhile, DotA characters start at level one every session of game. DotA is more fun to play with peers than playing alone. The average length of a game session with user opponent is sixty minutes. Thus, it gives the player to interact with his teammate and opponents for an hour. It is virtual socialization, where a player speaks through the chat bar and dialog box, and interact with other player with his game character. Socialization in real life comes after a session. Gamers snacks together and talks about their finished game and criticize the player who cause the win or loss. It creates bonds and trusts for playmate. Gamers that play in computer shop increase their peers who they met and play the game with. Too much attachment to the game DotA affects relationships with family, relatives, friends and other people. A gamer that chooses to spend all of his free time and sleep for playing neglects his social interaction with relatives and in school. He only interacts with the player or peer he is playing with. And since he lacks sleep, there is a chance that he will fall asleep in class and affects his school performance. Peers changes the gamer’s way of socializing. The gamer absorbs the negative treatment onto him and do it himself onto other game player. He tries to bully weaker player – easy kill, easy money. And his way of speaking changes. Polite becomes impolite and occasionally turns to being rude. Some of his words are swap with words from the game, ixempli gratia, godlike and ‘imba’, which only a DotA game player understands. Most of his expression is about the game. He loves to talk all things about DotA only with other DotA player. He will not try to talk about it with non-gamer for they would not understand. Some gamers who are attached to the game do not fail in class. He manages his time carefully and controls his self with his decision to not set aside studies for computer game. Unfortunately, other gamers fall behind lectures. The common reason is lack of sleep. Gamer often yawn in class and inevitably fall asleep. Some gamers do not attend their first class and later drop the subject. There are gamer that do not spend their money allowance for snacks instead spend it for computer rental, if the gamer do not have computer at home or he just want to play DotA with other player. Other gamers decrease their time for study and spend it for socialization with peers through DotA. DotA had different tournaments. There are Local Area Network (LAN) tournament, online tournament, international tournaments and other tournaments. Advance players grab this opportunity to challenge their skills and to compete with other strong players, but the common reason for joining is the prize especially the cash. Winners gain reputation. Losers gain rivals. The population of DotA gamers consists mostly of students. Their allowance usually goes to computer rental. Other gamers are nonstudent, with occupation and bystander. Bystanders have more free time to play though they have insufficient fund for renting computer though they can only play alone at home through internet if they have computer. Those advance gamers with jobs are the ones who usually place bets to heat up their game. This is a form of gambling. They even place bets though they are only watching. Gamers make money through winning bets and tournaments. Experience is knowledge. We gain lessons in every experience. Experience sharpens our personality. Our mistake is a lesson to avoid and improve the right one. Gamers experience the changes which were discussed in the last topic. While playing DotA, gamers experience different feelings and emotions like hunger, fun, excitement, and thrill. These emotions are triggered by neurotransmitters such as endorphins and dopamine. These brain chemicals are responsible for animals’ sense of pleasure. The brain secretes these chemicals when the body feels excitement, joy, or pain. Even a fake smile can cause pleasure and trick the body that it is happy. â€Å"Then, there’s the excitement. A good game will get your pulse racing and your adrenaline pumping, even if you’re just sitting on the couch holding a controller. Games with a time component amplify this excitement, even in simple games like Jewel Quest where you’re down to one second before everything blows up because you didn’t find the three matching gems. †4 During the game session, the hand-to-eye coordination is used. Most of the time, hands and eyeballs are the only part of the body that moves. They seldom stretch their hand, legs, and neck. Parts of the body that is not use become weak. DotA gamers experience lack of sleep because of playing. The gamers do not care of time during the session. His focus and attention are in the game only. They ignore other matter even emergency calls and text messages are ignored. Reply is given upon the end of the game session. These are reasons why parents and girlfriend/boyfriend, if there is any, get upset. Based on the observation of the researcher, gamers , particularly on weekend, start to play at nine in the morning and finish at about four the next morning, then get some rest and come back playing. They said, they only eat, take small amount of time to sleep, wake up, eat again, take a bath, then go to internet shop to resume his play. For students, they usually play after class hours. They are sometimes distracted by the thoughts of DotA while in the class. They are excited for class dismissal. They come home late and make their parents anxious. Some of these students are being fetched by their parent. Some act shy, on the other hand, some act tough and proud. In Internet shop, gamers are happy, and noisy. During the session, they shout and trash-talk each side even the watchers shout. Harsh and mean words are trash-talk like ‘weak’, ‘lousy’, ‘slow’, and ‘gay’. The competition each game is intense. Gamers who lose often get bullied and easily angered. Later, this bullied player, sometime, cause trouble and brawl. Losers feel sad, depression, and shame, and think for a new strategy to win the next game. They gain rivals to overcome, putting more time for practice game to improve tactics. On the other hand, winners celebrate, feels fun, and gain challengers. Some gamers quit, but there are new players who replace them. The reasons of new players are curiosity towards the game, seek of fun, peer pressure, and friendship. People find ways to eradicate pressure and boredom. One of it is playing DotA. The game DotA has effects depends on the physical and mental capacity of the gamer. Weak-willed mind and poor health are more susceptible to game addiction and negative changes in their personality and body. Playing the game reduces time for socialization and study. Game players must learn how to control their selves to refuse from overuse of time and money for playing. Parents must watch their kids. It is hard to forbid kids from playing video game. This action can cause the kids to rebel. So, give them outdoor activity like sports to balance their mind and body. Definition of terms Bugs are small insect. Bugs, in computer program, is an error, flaws, or mistake in a computer program that produces an incorrect or unexpected result, or causes it to behave in unintended ways. Farming ,in agriculture, it is an activity of growing crops and raising livestock. Farming, in DotA, is an act of collecting gold. figurehead is a person given a position of nominal leadership but having no actual authority. Glitch is a minor malfunction, or technical problem. Godlike means resembling or having the qualities of God or a god. In DotA, it is a call for having nine consecutive player kills. Imba is an abbreviation for â€Å"imbalanced†. Imba can be applied to a subject in gaming (Weapon, army, race, role or job) which can be either too strong (Overpowered, or OP) or too weak (Underpowered, or UP). Insomnia is a specific kind of sleep disorder in which the patient is not able to get into sleep or the patient is not able to remain asleep for an adequate period of time Jerk is a single quick motion of short duration. Micro is a word comes from the Greek word micros meaning small. Micro (microing),in DotA, is an act of last hitting creeps. Narcolepsy is a condition characterized by an extreme tendency to fall asleep whenever in relaxing surroundings. Parasomnia, from the Latin meaning â€Å"around sleep,† is a sleep disorder characterized by abnormal sleep behaviors. Parasomnias involve unconscious complex, semi-purposeful, and goal-directed behaviors that have meaning or importance to the individual. These can include night terrors, sleepwalking, sleep eating, sleep sex, rapid eye movement (REM) behavior disorder, or any number of potential behaviors that occur while the person remains asleep. re-gamers means a potential game player that is not yet a game player. Respawn Also known as spawn, respawn is a gaming term used to describe the action of a computer player or human player coming back to life after being killed. Restless leg syndrome (Nocturnal myoclonus) is a disorder in which there is an urge or need to move the legs to stop unpleasant sensations. Screw is a metal fastener having a tapered shank with a helical thread, and topped with a slotted head, driven in to wood or the like by rotating, especially by means of a screwdriver. Screw means to mess something up, turn things for the worse. Sleep apnea is the temporary stoppage of breathing during sleep, often resulting in daytime sleepiness. Apnea is a Greek word that means â€Å"want of breath. † Spatial memory is the part of memory responsible for recording information about one’s environment and its spatial orientation. Trash-talk is a form of boast or insult commonly heard in competitive situations. Visuospatial is pertaining to perception of the spatial relationships among objects within the field of vision. How to cite Understanding Dota Gamers, Papers

Hacking Into Harvard free essay sample

By hacking into the universities’ system to acquire their result, the applicants have made an unethical action which caused them to be rejected from entering the universities. They could have been able to enter the universities successfully if they had not done so. Not only they have lost their chances of studying in reputable universities, they have also gained a bad reputation or image for themselves. This might make it difficult for them to enter other universities too due to their record of being unethical. As described by Harvard Dean Kim B. Clark, the applicants who hacked were said to be unethical and lack of integrity. Harvard also concluded that these potential students are not tomorrow’s leaders and Harvard only wants to educate honorable leaders with sense of righteousness and morality which they do not possess. (Gloeckler. G and Merritt. J, 2005) Due to their unethical actions, they have lost the trust that people used to have on them and it would be very difficult to gain back them again. We will write a custom essay sample on Hacking Into Harvard or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page For example, other universities that the applicants might doubt whether the applicants would repeat their actions again or companies which these applicants apply jobs to might also worry if they would hack into their system to acquire confidential documents. Besides that, these applicants have also disappointed their families which put a lot of hope in them to enter prestigious universities. Not only would their family members have to learn the fact that their child has been rejected from entering the university not because of their qualifications but their unethical behavior, they would also have to face criticisms about their child’s action from the public. Reasons that may have caused the applicants to hack into the system to acquire their results could be because they were too impatient to wait for the official announcement that is weeks away. So out of curiosity, they clicked the link that the original anonymous hacker provided on some websites. The applicants probably thought that it would not be a big deal or even unethical by doing so because they were only clicking on a link that was provided on the website. Some applicants and other message-board posters gave comments saying that they failed to see the ethical issue presented. Some even went so far as to say that these individuals should be applauded. Exploiting weaknesses is what good business is all about. Why would they ding you? wrote one poster on accepted. coms message board. (Gloeckler. G and Merritt. J, 2005) Besides that, the applicants could have also thought that the universities would not find out if they hacked into the system or else they would not dare to have done so because this would put their future on the line. Some applicants did not even realize that they were looking at private information because the directions were emailed from other students who had copied them from websites. Lastly, the applicants could also be affected by the pressure from families to know the results. There is also the possibility that the hacker might have been a family member who had access to the applicant’s password and personal identification number. (Weisman. R, 2005) References Gloeckler.

The Cooking animal free essay sample

Michael Pollan’s article The Cooking Animal, describes the decline of home cooked meals and its effects. Cooking, he says, is what separates us from animals. It’s how we became civilized. By making us come together and share food, we learn about each other and ourselves. Although its importance, cooking is rapidly declining in modern times. What was once a daily ritual is now becoming a special occasion. Replacing cooking is convenient, yet horribly unhealthy, processed foods thus worsening the already increasing obesity problem. †The more time a nation devotes to food preparation at home, the lower its rate of obesity† (Pollan 583). Pollan explains the importance of home cooked meals and it’s correlation with obesity and how we have fallen in the trap of the corporations. He explains how the mass producers made hard to make meals cheap, processed, and convenient leaving us to be forever doomed unless we made dire changes. We will write a custom essay sample on The Cooking animal or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Pollen raises many thoughts and facts about the importance of home cooked meals, all of which I completely agree with. Cooking is what separates us from animals. When our ancestors learned the ability to cook the new nutrients allowed them to evolve differently. Cooking not only provided us with much better nutrients but provided us with the means of creating our culture. When we gather with other people and eat together, we share ourselves (Pollan 582). When I first read this article the above statements just clicked with me, it all just made so much sense. I knew that cooking is important but crediting it for mankind’s evolution was new to me. When I read this part of the article I couldn’t help but to imagine a group of Neanderthals eating around a fire, slowly creating their own culture. Cooking is very important to many great cultures and can tell us much about said cultures. My family are big advocates of our Mexican culture so food is definitely very important to us. I’ve eaten with American, Indian, Lebanese, Vietnamese, and Egyptian families all of which had their distinct differences in how they ate and how they interacted with each other on the dinner table. Home cooked meals are being neglected by America causing obesity to become more prominent. The iconic image of the American family gathered around the dinner table is becoming a rare one. Today’s American would much rather pick up a large order of fries than actually get the potatoes and make them yourself, and why not? The restaurants and super markets make it so cheap and easy that you would be a time wasting fool if you cooked it yourself at home. Pollen says that as the preparation time has gone down, calorie consumption has gone up. â€Å"As the amount of time Americans spend cooking has dropped by about half, the number of meals Americans eat in a day has climbed; since 1977, we’ve added approximately half a meal to our daily intake† (583). That’s no surprise considering what goes into the fast food and mass produced foods. I remember I saw a video on what McDonalds chicken nuggets look like before they fry them and I never wanted to eat one ever again. If the chicken looks like pink silly putty, maybe we shouldn’t be eat it regularly. Thankfully I grew up on my mothers cooking. She has a full time job, three kids, and manages to make the best food everyday. I’ve always believed that all my physical and athletic achievements have been greatly attributed by my diet. Apart from home cooked meals being generally far better nutritiously, they generally taste way better. Perhaps they taste better because theyre made with love? That’s up to the consumer to decide. Corporations that mass produce food have one motivation, profit. It’s their job to mass produce food the quickest and cheapest way to earn the most profit so obviously nutrition is going to be neglected. The marketing revolves around habits. If we form the habits of just relying on them for food we will not go back thus more profit for them. It makes me think of an evil villain who’s bent on destroying the human race or at least making us all fat and lazy because that’s what’s happening. We’re becoming lazy which means our children will be lazy and the ability to cook will vanish and it will all go downhill from there. In Pollen’s article, he asked Harry Balzer what we can one do to fix this problem and he said â€Å"Easy. You want Americans to eat less? I have the diet for you. It’s short, and it’s simple. Here’s my diet plan: Cook it yourself. That’s it. Eat anything you want — just as long as you’re willing to cook it yourself† (584). Cooking is something that has been around since the beginning and something that we cannot afford to loose. Cooking is what makes us human, what provides us with the right nutrients and what keeps us from falling into the industries trap. Michael Pollan’s The Cooking Animal reinforced my belief on the importance of home cooked meals and also expands it.

Hijackers of September 11th essays

Hijackers of September 11th essays The two articles in which I read were Hijackers final days: From poetry to the prosaic, and Imam said to blame Jews for attack. These two articles were very interesting, informative and also very educational. Hijackers final days: From poetry to the prosaic explained in a better perspective and also explained in a more simplified manner of what the hijackers done the last few days that they lived, and why they done it. This article also let it be known what kind of people the hijackers exactly were. On September 11 a poem was left behind by hijacker Waleed Alshehri, it spoke of traveling into the face of death with our heads held high. This was in the poem that he left, it just let everyone know that they were well aware of the horrendous act they were about to commit. Authorities believe that that Alshehri was aboard American Airlines Flight 11 and assisted to crash it into the World Trade Center. Imam said to blame Jews for attack was an article in which a man named Imam Omar Abu Nemous said that the Jews could be blamed for the WTC attacks. Nemous was the leader of NYCs largest mosque, he was Imam Gemeahas top aide. Gemeaha moved to Egypt because he said that his family had been threatened. So therefore Nemous was appointed as head leader. Nemous stated that Jews planned the attacks, but nobody would acknowledge that because Jews dominate the political government. Nemous also mentioned that the statements that he made had been changed and exaggerated into things that he had not said. Therefore because of this he now refuses to talk to or discuss anything with the press. This whole article is about Numous blaming the Jews for the WTC attack because he doesnt want to accept and acknowledge the fact that it was his people who did this. Whenever it comes to such controversial issues such as this opinions vary greatly. My opinion on these two specific articles may be rude, cr...

What Are SAT Subject Tests Why Should You Take Them

What Are SAT Subject Tests Why Should You Take Them SAT / ACT Prep Online Guides and Tips Between the SAT, teacher recommendations, and your personal essay, there are lots of ingredients that go into crafting your applications. The SAT Subject Tests add one more layer to the complex recipe of applying to college. This article is meant to clear up any confusion you have about the Subject Tests.By understanding exactly what these tests are testing, you'll be able to approach them with ease and confidence - because only the cake should end up in tiers. What Are SAT Subject Tests? While the general SAT is meant to assess your reasoning skills and readiness for college, the SAT Subject Tests test your knowledge in specific subject areas. They are content-based and allow you to choose the subject(s) in which you excel and best demonstrate subject mastery. All of the Subject Tests are multiple choice and are one hour long. The Subject Tests align with classes you are required or have elected to take in high school, like Biology, Literature, Math, and languages. Not only should your choice of Subject Test line up with your academic strengths, you also may want to choose a subject in which you're interested. As with all the other parts of your application, your Subject Tests give insight into who you are and what you like to study. Click here for a more in-depth look at what SAT Subject Tests you should take and the most important considerations in making this decision. [link to PS article] How Many SAT Subject Tests Are There? There are 21 SAT Subject Tests, if you count Biology Ecological and Biology Molecular as two separate tests. They cover literature, math, science, history, and 9 languages. Some options within these core subjects include the following: History could be World History or U.S. History. Science includes Physics, Chemistry, and Biology with an Ecological focus or Biology with a Molecular focus. Math has a Level 1 and Level 2 test. Language Subject Tests may or may not have a Listening component. Here's the complete list: English Literature Math Level 1 Math Level 2 U.S. History World History Biology Ecological Biology Molecular Physics Chemistry French French with Listening Spanish Spanish with Listening Italian Modern Hebrew Latin German German with Listening Chinese with Listening Korean with Listening Japanese with Listening Let's look at a brief overview of some of the differences in format: Biology E and Biology M share 60 core questions. Biology E has an additional 20 questions with an ecological emphasis. Biology M has 20 extra questions with a molecular focus. Math Level 1 requires at least two years of algebra and one year of geometry. Math Level 2 requires those same classes plus some trigonometry and pre-calculus. The French, Spanish, and German Subject Tests have both Listening and non-Listening options. Chinese, Korean, and Japanese have only Listening options, and the remaining have only non-Listening options. Now that you have a sense of the differences among the subject tests, let's move onto the next important question. Should you take them to apply to college? Why Take SAT Subject Tests? Are you wondering, "Should I take SAT Subject Tests?" To answer your question, you should take Subject Tests if your college requires or recommends them as part of your application. Make sure you know not only how many Subject Tests your college wants, but also if they have a requirement or suggestion for which subjects you should take. Technology-oriented colleges, for example, may prefer to see that you've taken math and science tests. MIT and CalTech actually require one math and one science Subject Test. MIT lets you take Math Level 1 or Level 2, while CalTech requires Level 2. Selective liberal arts colleges often want to see a range of knowledge across academic domains, such as a math test paired with a literature or history test. Some colleges may allow Subject Test scores to make up for a low general SAT score. Still others may use these tests for placement purposes, such as into a more advanced level of a language, once you arrive on campus. At Harvard, for example, 700 or better on a language test will waive its language requirement and allow you to choose among more advanced language courses. You may also be applying to a school that has adopted a test flexible policy, like Colby College, Colorado College, Middlebury, and NYU. The school may let you send SAT Subject Test scores in place of the general SAT or ACT, if you feel these tests better represent your strengths and abilities. Check out the full list of test optional and flexible schools here. Subject Tests can really strengthen your application, as they allow you to feature a particular strength, knowledge of a subject, and academic interest. If you speak another language, the language tests are a great way to showcase your skills. As colleges are increasingly seeking to establish a multicultural class of students with global competencies, they will consider your ability to communicate in another language to be a strong and desirable asset to your candidacy. How Do You Know If Subject Tests Are Required? We've gathered a list of all the colleges that require SAT Subject Tests. A small group of colleges, like Amherst, Brown, Duke, and Vassar, among others, will waive the SAT Subject Test requirement if you opt for the ACT. Since policies are continually changing, especially as schools become more and more flexible, make sure to double check your colleges' standardized testing requirements by researching their admissions website or speaking to an admissions officer directly. Finally, you may elect to take the Subject Tests even if they're not required, if you want to demonstrate a particular strength to the admissions committee. This may especially be the case if the Subject Test connects to your future academic and/or professional goals. If you're excited to study Engineering, for example, you may be eager to showcase your math and science skills. The list of colleges mentioned above indicates if a college does not require, but will consider SAT Subject Tests are part of your application. Ithaca, Smith, Wesleyan, to name a few, consider, but don't require, the SAT Subject Tests. When Are the Subject Tests Offered? The Subject Tests are offered on all the same dates as the general SAT except for March - in January, May, June, October, November, and December. The science, math, literature, and math Subject Tests are offered on all these dates. The language tests are offered on some, but not all, of the dates. Some have more options, but Listening tests - German, French, Spanish, Chinese, Japanese, and Korean - are only offered in November. Check out this chart of the exact dates of all the Subject Tests. It will also help you figure out your best schedule for taking the Subject Tests in and around the general SAT or ACT and all your other activities and obligations. You can take up to 3 Subject Tests in one day (with some conditions), so you can take them all together or choose to spread them out over different dates. The best time to take a Subject Test is often near the end of the school year in which you've been studying that subject and may also be studying for a final or AP exam. You don't have to wait until junior year, but instead should take the Subject Tests whenever you are ready and the content is fresh in your mind. Hopefully this overview of the what, how, why, and when of SAT Subject Tests makes it easier for you to add this extra component into the college application mix. By following the links provided, you'll become an expert in everything you need to know to conquer the SAT Subject Tests. What's Next? Perhaps you've studied lots of the subjects covered by the Subject Tests and aren't sure how to choose. This article helps you answer that important question: which SAT Subject Test should you take? Are you also taking the general SAT and ACT? In order to prepare, first you need to know when you have time to study. This article helps you figure out your study plan and when you should start preparing. Need a little extra help prepping for your Subject Tests? We have the industry's leading SAT Subject Test prep programs (for all non-language Subject Tests). Built by Harvard grads and SAT Subject Test full or 99th %ile scorers, the program learns your strengths and weaknesses through advanced statistics, then customizes your prep program to you so that you get the most effective prep possible. Learn more about our Subject Test products below:

Law o tort Essay Example | Topics and Well Written Essays - 1000 words

Law o tort - Essay Example Stevenson 1932). The claimant should prove that the negligent behaviour of the defendant has caused injury or loss in order to win the case. in the case of North Glamorgan N.H.S. Trust v Walters, it can be seen that the defendant was negligent in that the â€Å"claimant's infant son developed an epileptic fit as a result of the admitted negligence of the defendant trust, which caused irreparable brain damage and death when the child's life support system was turned off.† The act of turning off the support system aggravated the problem and this led to the claimant suffering a pathological grief reaction. The claimant is a secondary victim and is entitled to claim damages as a result of the horrific experience she encountered at the hospital. The psychiatric injury experienced by the claimant is a direct result of the action of the medical staff at the hospital and this is the reason why she is entitled to get damages. Though the defendant does not directly accept the charges, t he facts are so glaring that it can be seen that they are responsible for the illness experienced by the claimant after the horrific incidence. 3. a. ... The harm is a direct result of the actions of the medical staff and these factors were taken into consideration by the trial judge. b. The control mechanism that was in dispute is that the 36 hour period involving all the events that transpired could be held in law as one horrifying event. The defendant also argues that the judge erred when he concluded that the case was sudden since it transpired over a certain period of time that was characterised by changing events. However, the judge upheld that the control mechanisms were satisfied by the claimant in this particular case. . 4. a. The ground for appeal by North Glamorgan N.H.S. Trust is that the judge expanded the control mechanism involved in the case. In other words, the defendants are saying that the judge did not take into account the provisions of the law with regards to the facts that should be considered in case of a secondary victim suffering psychiatric harm as a result of the actions of the defendant. The defendants als o argue that the mother appreciated the removal of the life support system from the child which led to his death. The dependents also tried to invoke certain sections of public policy but it was established that the judge did not take any incremental position in passing the judgement in favour of the claimant. b. The Lord Justice Ward considered the issues that constituted the necessary event in dismissing the appeal by the defendants. The events took place in a progressive way which led the judge to believe that there was an element of secondary causation of psychiatric injury to the claimant. The other issue that was taken into consideration by the judge is that the aspects of proximity in terms of time and relationship between the two

Female Genital Mutilation Literature review Example | Topics and Well Written Essays - 9750 words

Female Genital Mutilation - Literature review Example 5 Provisions for legal and human rights abuse associated with FGM 25 6 Midwives and FGM 28 7 Research methodology 30 1.1 Methodology 30 Research Paradigm 33 1.2 Methods 34 Search criteria 35 Study Selection 36 Search Methodology 38 Limitations to the study 38 8 Conclusion 39 9 Recommendations 41 References 42 Abstract The research paper addresses the reasons why it is essential for midwives to understand the social background, forms, and health issues associated with Female Genital Mutilation (FGM). Aim: The study aims to emphasise the importance of the role of midwives that deal with women have undergone FMG. Method: The study is based on literature research of articles located in Embase, CINAHL, Academic Search Premier, Medline, Cochrane, EBSCO Database, Scisearch, OVID Medline, PubMed, and Amed, related to Female Genital Mutilation (FGM). Committee papers related to social sciences, ethics and psychology and related to the theme, were located through PsychINFO and ASSIA. Results: A review of the available literature revealed that women who have undergone FMG often experience physical and psychological damages, which makes taking care of such patients, a complex and difficult process. Appropriate attitude of midwives, nurses and all involved health professionals is important while dealing with such patients, along sensitivity towards the patient and in-depth knowledge of the causes and possible outcomes of FGM. It is also important to provide education to the circumcised women and the communities that perform this practice in order to stop or decrease FMG, through various consultations and social meetings. Conclusions: it is necessary to have a better understanding of FGM in order to grasp the clinical implications, which would help midwives improve the care provided, while helping to abolish the harmful practice. Keywords: FMG, genital, clitoris, mutilation, excision, clitoris, midwives. 1 Introduction 1.1 Background study Definition Female genital m utilation (also known as FGM), is an umbrella term that encompasses a large number of practices involving complete removal or modification of the female genitalia for reasons that are completely non-therapeutic in nature. FGM, also known as female circumcision, is however more extensive and dangerous than male circumcision. The extent of cutting in FMG being more extensive, it often severely injures a woman’s reproductive and sexual functions while also affecting the ability to pass urine. It is for this reason WHO refers to this form of circumcision as female genital mutilation, while in some cases the term female genital cutting is used, to avoid hurting sentiments and resistance to change. The World Health Organization defined FGM as, â€Å"all procedures involving partial or total removal of the external female genitalia or other injury to the female genital organs whether for cultural or other non-therapeutic purposes† (1997, p.3). Infibulation, a form of FGM, whe re there occurs removal of clitoris, labia minora, and two-thirds of the anterior region or the entire medial regions of the labia majora is the severest type of FGM (WHO, 1997, p. 5). Here, after removal of the aforementioned parts, rough surfaces are formed on labia majora, which are then stitched together in order to close most of the introitus of vagina while partly sealing the urethra (ibid). The two most common forms of mutilation are excision and clitorecdectomy, and all forms of FMG are mutilating in nature. According to World Health Organisation (WHO) there are four categories of FGM: â€Å"Type I: Clitoridectomy: partial or total removal of the clitoris (a small, sensitive and erectile part of the female genitals) and, in very rare cases, only the prepuce (the fold of skin surrounding the clitoris). Type II:

Belonging Essay Example for Free

Belonging Essay An individual’s interaction with others and the world around them can enrich their feelings of belonging and acceptance, however feelings of insecurity can lead to isolation and rejection limiting the experience of belonging. The concept of belonging is feeling connected to another individual, group, place or object that evokes positive emotions within oneself. In contrast, not belonging leads to feelings of alienation due to a lack of understanding, separation or when forced to embrace unfamiliarity. Through the 1992 film ‘Strictly Ballroom’ directed by Baz Luhrmann, the children’s biography ‘ by Beverley McGregor and the punk rock song ‘Perfect’ by Simple Plan, composers illustrate both concepts of belonging and alienation . Through a range of cinematic and literary techniques these composers show how an individual’s interaction with others and the world around them can enrich and limit their experiences of belonging. Baz Luhrmann through the film ‘Strictly Ballroom’ utilizes costuming to suggest isolation as well as ‘belonging’ and how it can either enrich or limit an individual’s experience. This is highlighted in the first scenes when viewers are introduced, through the mocumentary, to the flamboyancy of characters from the world of ballroom dancing such as Liz in her trademark gaudy canary colored outfits, and Shirley Hasting in her pink ball gowns that are matched to her ornate fuchsia eye shadow and lipstick. In contrast the character of Fran is dressed in a shapeless, oversized t-shirt and a close up of her face shows her naturally troubled skin free from makeup, wearing a large pair of thick-framed glasses. This immediately segregates her from the rest of the competitors and supporters of Ballroom dancing, signifying to the audience that a lack of interaction with others can severely impact on ones sense of belonging. The split screen later in the film where Fran, in normal day clothes dances with Scott and on the other side of the curtain Tina Sparkle dances in her lurid sequined costume, further shows Fran’s alienation from the dancing world. However, the song she and Scott are dancing to is Doris Day’s â€Å"Perhaps†, suggesting that their partnership could possibly work. The shock on Shirley’s face and the use of the children as a Greek chorus ‘Fran.. who’d have thought’ also suggest an acceptance of Fran. This is soon dispelled as Fran trips and a low angle shot of Liz and Shirley as they attend to her and tell her to ‘go home’ reminds the audience who belongs. Shirley and Liz’s perception of ‘belonging’ is enriched through their interaction with each other and their compatibility with the world of ballroom dancing. When Scott is shown by Ricco how to dance the Passo Doble, a close up of his feet in dusty work shoes on bare timber of the floor contrasts with a previous close up of Scott’s feet in shiny shoes on a highly polished floor. However, it is on this rough-hewn timber that Scott finally learns to dance ‘from the heart’ and his experience of belonging is enriched. You introduce costuming here so keep to that – your next paragraph is camera shots so do not confuse the two here. You could talk of costuming and characterization here but do not discuss camera techniques when that is part of your second discussion of the core text. Similarly aspects of belonging and not belonging and how these feelings can enrich or limit an individuals experience are explored in Beverly McGregor children’s biography ‘Pink Balloons’. The protagonist Sky constantly suffers from alienation and rejection from her peers and their parents due to her recent diagnosis of HIV/AIDS. This can be seen through symbolism to express ‘Skye’s’ feelings of isolation, when she says to her carer ‘Do you like my picture, the octopus has nine legs instead of eight, he is crying because he is different to the others†. This shows her feelings of inadequacy due to her inability to interact with the world around her and the limitations she faces in order to become accepted. This can be further expressed through the somber tone of the protagonist Skye as she relays her grief stating to her mother â€Å"Mummy, its bad enough having AIDS without everyone staying away from you because they are scared they can get it too†. Thus Skye’s apparent isolation as can be seen through the discrimination she endures throughout the text, which significantly decreases her chances of interacting with others to enrich her own personal experience of ‘belonging’. Continue here†¦ In contrast, Skye’s experiences of ‘belonging’ are enhanced following her election to vice captain in her class as can be seen through the literary technique of a rhetorical question when Skye states â€Å"they could have picked anybody, but who did they choose? †. This highlights Skye’s ability to feel a part of the world around her as a result of her eventual acceptance in her class, despite the constant stigma attached to her and her contraction of the HIV/AIDS virus. Baz Luhrmann further exhibits belonging and not belonging and its effect on enriching or limiting an individuals experience in ‘Strictly Ballroom’ through the implementation of camera techniques. This can be seen in the split screen where Fran and Scott are caught dancing together behind the crimson colored show curtains. Fran in an ordinary day dress is juxtaposed with Tina Sparkle in her lurid costume and sequins on the other side of the curtains. Scott and Fran dance to the Doris Day song ‘Perhaps’ suggesting they could possibly be dance partners. After Fran falls to the ground and is dragged stage left by Shirley Hastings and Liz to the powder room a low angle point of view shot signifies the alienation of Fran. Fran is seated on a stool and stares up at Mrs. Hastings and Liz showing the obvious superiority Shirleyand Liz feel over Fran. and further highlighted when ‘Liz’ states â€Å"you’re a beginner Fran, what the hell did you think you were doing? † Fran is then left isolated staring up at the huddled group of women representing her separation from the world of ballroom dancing. When Shirley Hastings states, â€Å"I think it will be better if you just went home and forgot about all this nonsense† Fran’s rejection through this scene conveys her inability to enrich her experience of belonging in the world of ballroom dancing. Continue here†¦. In comparison the final dance scene highlights the enrichment of a sense of belonging. This is conveyed through a long shot of the ballroom, which captures the acceptance of Fran and Scotts ‘crowd-pleasing’ steps, when everybody begins to clap with Doug to enable them to continue their dance. Crosscutting between ‘The Pan Pacific Championships’ and Fran’s back yard is also utilized to express the relationship between Fran and Scott and their newfound connection with dancing. Scott no longer dances to win but for the love of the sport and to express the simplicity related to his relationship with Fran. This technique symbolizes that it does not matter where Fran and Scott dance as long as they are dancing together. The implementation of Diagetic sound the ‘Rumba De Burros’ in the concluding scene expresses the concept of belonging and allows the viewers to develop an understanding of the enrichment of ‘Fran nd Scott’ when they are accepted in the world of ballroom dancing just the way they are. Additionally the song ‘Perfect’ by the punk rock band ‘Simple Plan’ displays how isolation can limit an individual’s chance to belong. ‘Perfect’ encapsulates feelings of worthlessness and insecurity as it explores the concept of rejection from the composer’s own father quote needed. The use of repetition as can be seen through the words â€Å"I am sorry, I can’t be perfect†, and highlights how feeling inadequate can segregate an individual from their world. Repetition is effective as it reinforces the deviation of the composer and provides the audience with a clear understanding of the separation between the writer and his father. The reminiscent nature of the lyrics can be seen through the rhetorical question ‘Did you know, you used to be my hero? ’, this engages the listener and alerts them to the change in the relationship while expressing the passionate tone of the song and the eventual acceptance of the turbulent relationship by the protagonist. Colloquial language, â€Å"Hey Dad† appeals to a young audience and invites them to have an insight into the father and son’s personal life to allow them to understand the hurt that is felt by the son in their dysfunctional relationship. Likewise the song writer constantly uses rhetorical questions to address his father and express his feelings of inadequacy such as â€Å"Did I grow up, according to your plan?. Thus it can be understood that due to the rejection experienced by the lyricist at the hands of his father it limits his opportunity to experience a sense of belonging. You need to discuss the music when you talk about a song otherwise you must only talk about it as the lyrics†¦ In conclusion various composers have utilized literary, visual and sound techniques to convey aspects of belonging, and how this can limit or enrich ones reaction to the world around them. Through the analysation of ‘Strictly Ballroom’, ‘Pink Balloons’ and ‘Perfect’ we can enhance our understanding of belonging and different obstacles that prevent an individual from feeling accepted.

The Unfair Treatment of Women Essay -- No Name Woman Gender Discrimina

The Unfair Treatment of Women My mother has always promoted sisterhood and support for women. Growing up, I was taught that women, although we can do anything we want to do, need a support system, because we are traditionally the underdogs, and we should not accept being treated unfairly. My mother likes to tell a story about how, when she was a girl, she told her dad that she had decided to become a lawyer when she grew up. In response to her proclamation, my grandfather, an attorney himself, asked, "Isn’t that an awfully expensive education for a girl?" My mother was involved in her education throughout high school. The number of opportunities presented to her while growing up and in her education, however, did not even come close to the number of opportunities presented to her male counterparts. In her yearbook, she is pictured among the Future Teachers of America, the only organization offered in her high school that relates to furthering the education of its young female students. The male students were also able to join that club, as well as Future Farmers of America, Future Lawyers of America, and Future Businessmen of America. She was also the Associated Student Body Treasurer—quite a feat, considering that it was unthinkable for a girl to run for President. Girls didn’t play sports, they cheered for the guys who did. My mother attended MIT Sloan School for Business, and in her class of 32, there was only one other woman. A certified management accountant with an M.B.A. from MIT, my mom has been rejected from job s on the basis of her gender. In interviews, she’s been told by companies that they don’t want a woman in the position, and that the average matriculation time for women in management was 23 months. My mo... ...tional ways, which her brothers, now among the barbarians, could fumble without detection." So if women had the power to carry on traditional values, then why did they not try to change anything? What privileges did Chinese women have that they wanted to hold on to, even in the United States, where they did not have to tolerate being treated so unequally? I do not know about Chinese culture, and I am sure that there are reasons that such an unfair tradition of gender inequality could have survived for so long, even after the Chinese immigrated to America. However, with the upbringing that I have had, I found it sad and frustrating to read about the acceptance of unjust treatment of women in Chinese culture. Women seemed to hold their own social status down with their silence and by attacking other women, such as Kingston’s aunt, whom they know are not to blame.

Regional Trends in Fdi

REGIONAL TRENDS IN FDI CHAPTER II Salient features of 2011 FDI trends by region include the following: †¢ Sub-Saharan Africa drew FDI not only to its natural resources, but also to its emerging consumer markets as the growth outlook remained positive. Political uncertainty in North Africa deterred investment in that region. †¢ FDI inflows reached new record levels in both East Asia and South-East Asia, while the latter is catching up with the former through higher FDI growth. FDI inflows to South Asia turned around as a result of higher inflows to India, the dominant FDI recipient in the region. †¢ Regional and global crises still weigh on FDI in West Asia, and prospects remain unclear. †¢ South America was the main driver of FDI growth in Latin America and the Caribbean. The pattern of investment by traditional investors – Europe and the United States – is changing, while there has been an advance in FDI from developing countries and Japan.A recent shift towards industrial policy in major countries may lead to investment flows to targeted industries. †¢ FDI flows to economies in transition recovered strongly. They are expected to grow further, partly because of the accession of the Russian Federation to the World Trade Organization (WTO). †¢ The search for energy and mineral resources resulted in cross-border megadeals in developed countries, but the eurozone crisis and a generally weak outlook still cloud investor sentiment. FDI inflows to the structurally weak, vulnerable and small economies were mixed. While FDI to landlocked developing countries (LLDCs) grew strongly, inflows to least developed countries (LDCs) and small island developing States (SIDS) continued to fall. 38 World Investment Report 2012: Towards a New Generation of Investment Policies INTRODUCTION In 2011, FDI inflows increased in all major economic groups ? developed, developing and transition economies (table II. 1).Developing countries accounte d for 45 per cent of global FDI inflows in 2011. The increase was driven by East and SouthEast Asia and Latin America. East and South-East Asia still accounted for almost half of FDI in developing economies. Inflows to the transition economies of South-East Europe, the Commonwealth of Independent States (CIS) and Georgia accounted for another 6 per cent of the global total. The rise in FDI outflows was driven mainly by the growth of FDI from developed countries.The growth in outflows from developing economies seen in the past several years appeared to lose some momentum in 2011 because of significant declines in flows from Latin America and the Caribbean and a slowdown in the growth of investments from developing Asia (excluding West Asia). FDI inflows to the structurally weak, vulnerable and small economies bounced back from $42. 2 billion in 2010 to $46. 7 billion in 2011, owing to the strong growth in FDI to LLDCs (table II. 1). However, the improvement in their share was hardly visible, as FDI inflows to both LDCs and SIDS continued to fall.Table II. 1. FDI flows, by region, 2009–2011 (Billions of dollars and per cent) Region World Developed economies Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies Structurally weak, vulnerable and small economiesa LDCs LLDCs SIDS Memorandum: percentage share in world FDI flows Developed economies Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies Structurally weak, vulnerable and small economiesa LDCs LLDCs SIDS 2009 1 197. 606. 2 519. 2 52. 6 206. 6 42. 4 66. 3 149. 4 72. 4 45. 2 18. 3 28. 0 4. 4 50. 6 43. 3 4. 4 17. 2 3. 5 5. 5 12. 5 6. 0 3. 8 1. 5 2. 3 0. 4 FDI inflows 2010 1 309. 0 618. 6 616. 7 43. 1 294. 1 31. 7 58. 2 187. 4 73. 8 42. 2 16. 9 28. 2 4. 2 47. 3 47. 1 3. 3 22. 5 2. 4 4. 4 14. 3 5. 6 3. 2 1. 3 2. 2 0. 3 2011 1 524. 4 747. 9 684. 4 42. 7 335. 5 38. 9 48. 7 217. 0 92. 2 46. 7 15. 0 34. 8 4. 1 49. 1 44. 9 2. 8 22. 0 2. 6 3. 2 14. 2 6. 0 3. 1 1. 0 2. 3 0. 3 2009 1 175. 1 857. 8 268. 5 3. 2 176. 6 16. 4 17. 9 54. 3 48. 8 5. 0 1. 1 4. 0 0. 3 73. 0 22. 0. 3 15. 0 1. 4 1. 5 4. 6 4. 2 0. 4 0. 1 0. 3 0. 0 FDI outflows 2010 1 451. 4 989. 6 400. 1 7. 0 243. 0 13. 6 16. 4 119. 9 61. 6 11. 5 3. 1 9. 3 0. 3 68. 2 27. 6 0. 5 16. 7 0. 9 1. 1 8. 3 4. 2 0. 8 0. 2 0. 6 0. 0 2011 1 694. 4 1 237. 5 383. 8 3. 5 239. 9 15. 2 25. 4 99. 7 73. 1 9. 2 3. 3 6. 5 0. 6 73. 0 22. 6 0. 2 14. 2 0. 9 1. 5 5. 9 4. 3 0. 5 0. 2 0. 4 0. 0 Source: UNCTAD, FDI/TNC database (www. unctad. org/fdistatistics). a Without double counting. CHAPTER II Regional Trends in FDI 39 1. Africa A. REGIONAL TRENDS Fig. FID ows – Africa Figure A.FDI flows, top 5 host and home economies, 2010–2011 (Billions of dollars) (Host) Nigeria South Africa Ghana Angola Table A. Distribution of FDI flows among economies, by range,a 2011 Range Above $3. 0 billion $2. 0 to $2. 9 billion Inflows Outflows Nigeria, South Africa .. and Ghana Congo, Algeria, Morocco, .. Mozambique, Zambia Sudan, Chad, Democratic $1. 0 to Republic of the Congo, Guinea, Angola, Zambia $1. 9 billion Tunisia, United Republic of Tanzania, Niger Madagascar, Namibia, Uganda, $0. 5 to Equatorial Guinea, Gabon, Egypt, Algeria $0. billion Botswana, Liberia Zimbabwe, Cameroon, Cote d'Ivoire, Kenya, Senegal, $0. 1 to Mauritius, Ethiopia, Mali, Liberia, Morocco, Libya $0. 4 billion Seychelles, Benin, Central African Republic, Rwanda, Somalia Swaziland, Cape Verde, Djibouti, Democratic Republic of the Congo, Mauritius, Malawi, Togo, Lesotho, Sierra Gabon, Sudan, Senegal, Niger, Tunisia, Togo, Leone, Mauritania, Gambia, Zimbabwe, Kenya, Cote d'Ivoire, Seychelles, Below Guinea-Bissau, Eritrea, Sao Ghana, Guinea, Swaziland, Mauritania, Burkina $0. billion Tome and Principe, Burkina Faso, Botswana, Benin, Mali, Guinea-Bissau, Faso, Comoros, Burundi, Egypt, Sao Tome and Principe, Cape Verde, Namib ia, Angola Mozambique, Cameroon, South Africa, Nigeria a Economies are listed according to the magnitude of their FDI flows. (Home) Zambia Egypt Congo Algeria Algeria 2011 2010 Liberia 0. 0 0. 2 0. 4 0. 6 0. 8 1. 0 2011 2010 1. 2 1. 4 1. 6 0. 0 1. 0 2. 0 3. 0 4. 0 5. 0 6. 0 7. 0 8. 0 9. 0 10. 0 Fig.B – Africa FDI in ows Figure B. FDI inflows, 2005–2011 (Billions of dollars) West Africa Fig. C – Africa FDI out ows Figure C. FDI outflows, 2005–2011 (Billions of dollars) 10 8 6 4 2 0 – 2 Central Africa Southern Africa East Africa North Africa 2005 2006 2007 70 60 50 40 30 20 10 0 Central Africa Southern Africa North Africa East Africa West Africa 2008 2009 2010 2011 2005 3. 1 2006 2. 5 2007 2. 6 2008 3. 2 2009 4. 4 2010 3. 3 2011 2. 8 Share in world total – 4 0. 2 . 6 0. 4 0. 4 0. 3 0. 5 0. 2 Table B. Cross-border M&As by industry, 2010–2011 (Millions of dollars) Sector/industry Total Primary Mining, quarrying and petroleum Manufacturing Food, beverages and tobacco Chemicals and chemical products Metals and metal products Electrical and electronic equipment Services Trade Transport, storage and communications Finance Business services Table C. Cross-border M&As by region/country, 2010–2011 (Millions of dollars) Region/countryWorld Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies 4 812 – 22 – 22 4 393 15 810 441 – 181 – 10 674 37 8 072 6 722 1 838 1 931 3 199 – 246 1 048 365 499 10 922 – 10 653 – 84 51 Sales 2010 2011 8 072 2 516 2 516 303 263 5 32 -9 5 253 84 1 912 134 2 994 7 205 1 664 1 595 1 922 1 026 155 286 470 3 619 2 161 489 910 149 Purchases 2010 2011 3 309 – 28 – 28 404 2 – 15 2 933 – 49 2 547 436 Sales 2010 2011 205 4 308 2 528 1 408 649 – 278 2 865 408 1 679 318 464 -5 – 130 Purchases 2010 2011 3 309 1 371 1 240 45 86 1 550 365 257 38 965 – 75 388 4 812 4 265 1 987 41 2 236 547 408 – 78 217 – Table D. Greenfield FDI projects by industry, 2010–2011 (Millions of dollars) Sector/industry Total Primary Mining, quarrying and petroleum Manufacturing Food, beverages and tobacco Coke, petroleum and nuclear fuel Metals and metal products Motor vehicles and other transport equipment Services Electricity, gas and water Construction Transport, storage and communications Business services Africa as destination Africa as investorsTable E. Greenfield FDI projects by region/country, 2010–2011 (Millions of dollars) Partner region/economy World Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies Africa as destination 88 918 20 237 20 237 39 506 1 888 23 235 2 093 2 568 29 175 5 432 7 630 6 381 5 429 2010 82 315 22 824 22 824 31 205 5 185 9 793 5 185 3 118 28 286 10 477 3 303 5 345 5 619 2011 6 662 1 246 1 246 7 506 175 5 684 429 99 7 910 899 2 627 1 274 2010 16 551 4 640 4 640 4 798 628 2 212 9 7 113 1 441 1 223 68 2 282 2011 88 918 48 554 32 095 5 507 473 10 479 37 752 12 226 9 929 4 890 9 897 809 2 612 2010 82 315 38 939 23 633 6 627 1 299 7 380 42 649 10 368 12 357 11 113 7 038 1 774 727 2011 Africa as investors 16 662 1 192 373 49 769 15 462 12 226 141 75 2 517 503 8 2010 16 551 487 182 259 45 16 064 10 368 400 980 150 1 167 – 2011 40 World Investment Report 2012: Towards a New Generation of Investment PoliciesContinued fall in FDI inflows to Africa but some cause for optimism. FDI flows to Africa were at $42. 7 billion in 2011, marking a third successive year of decline, although the decline is marginal (figure B). Both cross-border mergers and acquisitions (M&As) (tables B and C) and greenfield investments by foreign transna tional corporations (TNCs) (tables D and E) decreased. In terms of share in global FDI flows, the continent’s position diminished from 3. 3 per cent in 2010 to 2. 8 per cent in 2011 (figure B).FDI to Africa from developed countries fell sharply, leaving developing and transition economies to increase their share in inward FDI to the continent (in the case of greenfield investment projects, from 45 per cent in 2010 to 53 per cent in 2011; table E). However, this picture of an overall declining trend in FDI does not reflect the situation across all parts of the continent. The negative growth for the continent as a whole was driven in large part by reduced flows to North Africa caused by political unrest and by a small number of other exceptions to a generally more positive trend.Inflows to sub-Saharan Africa1 recovered from $29. 5 billion in 2010 to $36. 9 billion in 2011, a level comparable with the peak in 2008 ($37. 3 billion). North Africa has traditionally been the recipie nt of about one third of inward FDI to the continent. Inflows in 2011 halved, to $7. 69 billion, and those to the two major recipient countries, Egypt and Libya, were negligible. Outward FDI from North Africa also fell sharply in 2011 to $1. 75 billion, compared with $4. 85 billion in 2010. These figures are in stark contrast with the peak of 2008 when the outward FDI of North African ountries reached $8. 75 billion. Flows to West Africa were destined primarily for Ghana and Nigeria, which together accounted for some three quarters of the subregion’s inflows. Guinea emerged with one of the strongest gains in FDI growth in 2011, a trend that is likely to continue in the next few years in view of the $6 billion that State-owned China Power Investment Corporation plans to invest in bauxite and alumina projects. Overall, inward FDI flows to West Africa expanded by 36 per cent, to $16. 1 billion.The bulk of FDI in Central Africa goes to three commodity-rich countries: the primaril y oil-exporting Congo and Equatorial Guinea and the mineralexporting Democratic Republic of the Congo. Although inward FDI flows to Congo grew strongly in 2011, weak inflows to the Democratic Republic of the Congo affected the region as a whole and resulted in inward investment flows to Central Africa falling by 10. 2 per cent overall to $8. 53 billion. Inward FDI to Southern Africa, recovered from a 78 per cent decline in 2010, more than doubling its total to $6. 37 billion.This reversal was precipitated primarily by the sharp rebound of flows to South Africa, the region’s largest FDI recipient. Inflows to Angola, however, declined by over $2 billion. East Africa, with historically the lowest FDI inflows in sub-Saharan Africa, reversed the downward trend of 2009–2010 to reach $3. 96 billion, a level just 5 per cent below the peak of 2008. As most countries in this subregion have not been considered rich in natural resources, they have not traditionally attracted large investments into exportoriented production in the primary sector, except in agriculture.However, the discovery of gas fields is likely to change this pattern significantly. New oil- and gas-producing countries are emerging as major recipients of FDI. Oil production in subSaharan Africa has been dominated by the two principal producer countries, Angola and Nigeria. Nigeria was Africa’s largest recipient of FDI flows ($8. 92 billion) in 2011, accounting for over one fifth of all flows to the continent. In gross terms, Angola attracted FDI inflows worth $10. 5 billion, although in net terms, divestments and repatriated income left its inflows at -$5. 9 billion. Aside from these major oil-producing countries, investors are looking farther afield in search of oil and gas reserves. Ghana, in particular, benefited from FDI in the newly developed Jubilee oil field, where commercial production started in December 2010. Elsewhere, Tullow Oil (United Kingdom) announced its plan to inve st $2. 0 billion to establish an oil refinery in Uganda. Noble Energy (United States) also announced plans to invest $1. 6 billion to set up production wells and a processing platform in Equatorial Guinea.Inward FDI flows to Uganda and Equatorial Guinea were $792 million and $737 million respectively in 2011, but announced greenfield projects show future investments of $6. 1 billion in Uganda and $4. 8 billion in Equatorial Guinea, indicating strong FDI growth in these countries. CHAPTER II Regional Trends in FDI 41 If oil reserves off the Atlantic coast of Africa have drawn significant FDI to that region, natural gas reserves in East Africa, especially the offshore fields of Mozambique and the United Republic of Tanzania, hold equal promise. In 2011, inflows of FDI to Mozambique doubled from the previous year, to $2. 9 billion. New discoveries of large-scale gas reserves continue to be made in 2012. Development of gas fields and the liquefied natural gas (LNG) industry will require huge upfront investments and presents considerable technological challenges. FDI is certain to play a large role in developing this industry in the region, as exemplified by the plans announced by Eni (Italy) to invest $50 billion to develop the gas fields recently discovered in Mozambique. Sectoral shift emerging, especially towards services. The limited volume of FDI to Africa tends to make inflows vary widely from year to year.Nevertheless, viewed over a longer time period, a discernible sectoral shift is taking place in FDI to Africa. Data on greenfield projects by three-year periods show that, contrary to popular perceptions, the relative importance of the primary sector is declining, although the total value of projects is holding steady (figure II. 1). The data on projects in services in the period 2006–2008 are inflated by the announcements of no fewer than 13 construction projects worth more than $3 billion each, which take many years to complete. Still, a general a scendancy of the services sector is clear.Aside from the construction industry, projects are drawn into industries such as electric, gas and water distribution, and transport, storage and communications in the services sector and industries such as coke, petroleum products and nuclear fuel in the manufacturing sector. This shift is more about diversification of naturalresource-related activities than a decline of the extractive industry. Many of the projects in manufacturing and services are premised on the availability of natural resources or play a supporting role for the extractive industry.Such projects include a $15 billion project by Western Goldfields (Canada) to construct a coal-fired power station in Nigeria and an $8 billion project by Klesch & Company (United Kingdom) to build an oil refinery in Libya, both announced in 2008. Better prospects for 2012. The region’s prospects for FDI in 2012 are promising, as strong economic growth, ongoing economic reforms and high commodity prices have improved investor perceptions of the continent. Relatively high profitability of FDI in the continent is another factor.Data on the profitability of United States FDI (FDI income as a share of FDI stock) show a 20 per cent return in Africa in 2010, compared with 14 per cent in Latin America and the Caribbean and 15 per cent in Asia (United States Department of Commerce, 2011: 51). In addition to traditional patterns of FDI to the extractive industries, the emergence of a middle class is fostering the growth of FDI in services such as banking, retail and telecommunications. UNCTAD’s forecast of FDI inflows also points to this pattern (figure I. 10).It is especially likely if investor confidence begins to return to North Africa and compensates for the recent declines in this region. Figure II. 1. Value of greenfield investments in Africa, by sector, 2003–2011 (Billions of dollars) 500 450 400 350 300 250 200 150 100 50 0 Services Manufacturing Prim ary 2003–2005 2006–2008 2009–2011 Source: UNCTAD, based on data from Financial Times Ltd, fDi Markets (www. fDimarkets. com). 42 World Investment Report 2012: Towards a New Generation of Investment Policies Fig. FID ows – Africa 2. East and South-East Asia Table A. Distribution of FDI flows among economies, by range,a 2011 RangeAbove $50 billion $10 to $49 billion Inflows China, Hong Kong (China), Singapore Outflows Hong Kong (China), China Fig. FID ows – East and South-East Asia Figure A. FDI flows, top 5 host and home economies, 2010–2011 (Billions of dollars) (Host) (Home) China Hong Kong, China China Indonesia, Malaysia Singapore, Republic of Korea, Malaysia, Taiwan Province of China, Thailand Indonesia, Viet Nam Hong Kong, China Singapore Viet Nam, Thailand, Mongolia, $1. 0 to $9. 9 Republic of Korea, Macao (China), billion Philippines, Brunei Darussalam $0. 1 to $0. 9 Cambodia, Myanmar, Lao People's billion Democratic Republic Below $0 . billion a Singapore Republic of Korea Malaysia 0 20 40 60 80 .. Mongolia, Macao (China), Cambodia, Brunei Darussalam, Philippines, Lao People's Democratic Republic Indonesia Democratic People's Republic of Korea, Timor-Leste, Taiwan Province of China Malaysia 0 20 40 60 80 2011 2010 100 120 140 2011 2010 100 120 Economies are listed according to the magnitude of their FDI flows. Fig. B – East & South-East Asia FDI in ows Figure B. FDI inflows, 2005–2011 (Billions of dollars) Fig. C – East & South-East Asia FDI out ows Figure C. FDI outflows, 2005–2011 (Billions of dollars) 240 200 160 120 80 40 South-East Asia East Asia 20 280 240 200 160 120 80 40 0 South-East Asia East Asia 2005 16. 3 2006 13. 4 2007 12. 0 2008 13. 2 2009 17. 2 2010 22. 5 2011 22. 0 Share in world total 0 2005 2006 2007 2008 2009 2010 2011 7. 9 8. 1 7. 9 8. 4 15. 0 16. 7 14. 2 Table B. Cross-border M by industry, 2010–2011 (Millions of dollars) Sector/industry Total Primary Min ing, quarrying and petroleum Manufacturing Food, beverages and tobacco Chemicals and chemical products Electrical and electronic equipment Precision instruments Services Electricity, gas and water Trade Finance Business servicesTable C. Cross-border M by region/country, 2010–2011 (Millions of dollars) Region/country World Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies 26 417 – 427 – 607 11 423 2 383 1 796 864 78 15 421 796 194 952 5 642 Sales 2010 2011 32 715 5 214 4 780 10 253 3 078 1 159 3 279 806 17 248 2 280 1 704 6 484 4 365 67 609 18 844 18 932 6 994 3 714 2 396 – 331 3 41 771 1 345 1 912 33 111 – 483Purchases 2010 2011 67 966 19 301 19 695 12 609 961 6 596 1 794 684 36 056 3 855 1 752 31 215 – 1 273 26 417 7 439 1 288 673 3 229 2 249 18 087 257 18 870 1 201 – 2 320 79 à ¢â‚¬â€œ Sales 2010 2011 32 715 15 007 4 548 2 086 6 760 1 613 15 346 – 78 12 968 539 1 758 159 1 531 67 609 34 985 17 977 4 849 647 11 511 32 604 499 18 870 – 1 731 127 14 664 20 Purchases 2010 2011 67 966 45 773 13 906 12 369 1 084 18 414 21 814 1 679 12 968 – 2 417 253 9 311 379 Table D. Greenfield FDI projects by industry, 2010–2011 (Millions of dollars) Sector/industryTotal Primary Mining, quarrying and petroleum Manufacturing Chemicals and chemical products Metals and metal products Electrical and electronic equipment Motor vehicles and other transport equipment Services Construction Transport, storage and communications Finance Business services Table E. Greenfield FDI projects by region/country, 2010–2011 (Millions of dollars) 2011 Partner region/economy World Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbe an Transition economiesEast and South-East Asia as destination 213 770 3 658 3 647 129 489 16 410 14 856 34 930 28 559 80 623 4 601 13 226 15 900 13 471 2010 206 924 4 444 4 444 131 800 25 582 16 735 21 578 17 921 70 681 7 021 19 141 16 451 10 255 2011 East and South-East Asia as investors 143 094 4 262 4 262 104 303 7 980 16 028 26 528 10 523 34 530 5 030 5 943 4 777 4 200 2010 East and South-East Asia as destination 213 770 136 798 44 341 44 237 36 353 11 866 71 324 141 63 779 1 955 2 910 2 531 5 648 East and South-East 125 466 5 158 5 158 85 119 6 480 24 522 11 376 9 084 35 189 3 840 6 745 5 250 1 682 2010 06 924 133 339 57 936 33 515 30 198 11 690 72 353 400 56 138 10 973 3 965 675 1 232 2011 Asia as investors 143 094 32 559 5 567 8 093 362 18 537 105 283 9 929 63 779 18 556 2 541 9 556 5 253 2010 125 466 16 470 7 123 5 961 510 2 877 102 434 12 357 56 138 19 050 5 930 8 950 6 563 2011 CHAPTER II Regional Trends in FDI 43 South-East Asia is catching up. Registering a 14 per cent increase, total FDI inflows to East and SouthEast Asia amounted to $336 billion in 2011 (figure B). The region accounted for 22 per cent of total global FDI flows, up from about 12 per cent before the global financial crisis.FDI inflows reached new records in both subregions, as well as in the major economies, such as China; Hong Kong, China; Singapore and Indonesia (figure A). South-East Asia continued to outperform East Asia in FDI growth. Inflows to the former reached $117 billion, up 26 per cent, compared with $219 billion, up 9 per cent, in the latter, narrowing the gap between the two subregions (figure B, annex table I. 1). Among the economies of the Association of Southeast Asian Nations (ASEAN), four – Brunei Darussalam, Indonesia, Malaysia and Singapore – saw a considerable rise in their FDI inflows.The performance of the relatively low-income countries, namely Cambodia, the Lao People’s Democratic Republic and Myanmar was generally good as well, thoug h Viet Nam declined slightly. Although natural disaster in Thailand disrupted production by foreign affiliates in the country, particularly in the automobile and electronic industries, and exposed a weakness of the current supply-chain management systems, FDI inflows to the country remained at a high level of nearly $10 billion, only marginally lower than that of 2010.Overall, as East Asian countries, particularly China, have continued to experience rising wages and production costs, the relative competitiveness of ASEAN in manufacturing has been enhanced. Accordingly, some foreign affiliates in China’s coastal regions are relocating to South-East Asia,2 while others are moving their production facilities to inland China. The performance of East Asian economies showed a mixed picture. FDI flows to China reached a historically high level of $124 billion in 2011. The second largest recipient in the subregion, Hong Kong, China, saw its inflows increase to $83 billion (figure A), a historic high as well.By contrast, inflows to the Republic of Korea and Taiwan Province of China declined to $4. 7 billion and -$2 billion, respectively. Japan gains ground as investor in the region. Partly as a result of the significant appreciation of the Japanese yen in 2011, TNCs from Japan have strengthened their efforts in investing abroad (section A. 7), particularly in low-cost production locations in South-East Asia. For instance, in 2011, attracted by low labour costs and good growth prospects, Japanese companies pledged to invest about $1. 8 billion in Viet Nam. In China, FDI from Japan rose from $4 billion (4 per cent of total inflows) in 2010 to $6 billion (9 per cent of total inflows) in 2011. In Mongolia, large projects in extractive industries, including the Tavan Tolgoi coal mine, are being implemented or negotiated, some with Japanese investors. In addition, negotiation of the Economic Partnership Agreement with Japan may bring in more FDI to Mongolia. Owing to the worsening sovereign debt crisis and related liquidity problems at home, TNCs from Europe have slowed their pace of expansion in East and South-East Asia since late 2011.In particular, some European banks have undertaken divestments from the region, selling their Asian operations to regional players, a trend which may continue this year with banks such as HSBC and Royal Bank of Scotland selling assets in Hong Kong, China; Thailand; and Malaysia. The actions of TNCs from the United States were mixed: some in industries such as home appliances have been relocating production facilities to their home countries,4 while others in industries such as automotives have continued to expand in Asia. 5 Greenfield investment dominates, but M are on the rise.Greenfield investment is the dominant mode of entry in East and South-East Asia, although the total amount of investment decreased slightly in 2011 to about $207 billion. In contrast, cross-border M sales in the region increased by about 2 4 per cent to $33 billion, driven by a surge in South-East Asia, where total M sales more than doubled, reaching $20 billion. Sales in East Asia dropped by one fourth, with a rise in M in China (up 77 per cent to $11 billion) cancelled out by a fall in those in Hong Kong, China (down 92 per cent to $1 billion).In manufacturing, the major industries in which greenfield investment took place were chemical products, electronics, automotive and metal and metal products in that order, while those most targeted for cross-border M were electronics and food and beverages. M sales also increased 44 World Investment Report 2012: Towards a New Generation of Investment Policies in services, contributing to a longer-term shift. In China, for example, FDI flows to services surpassed those to manufacturing for the first time as the result of a rise in flows to non-financial services and a slowdown of flows to manufacturing.FDI in finance is expected to grow as the country continues to open its fin ancial markets,6 and as foreign banks, including HSBC (United Kingdom) and Citigroup (United States), expand their presence through both M and organic growth. 7 Outward FDI: East Asia slows down while SouthEast Asia sets a new record. FDI outflows from East and South-East Asia as a whole remained more or less stable after the significant increase in 2010 (figure C). FDI outflows from East Asia dropped by 9 per cent to $180 billion, the first decline since 2005, while those from South-East Asia rose 36 per cent to $60 billion, a record high.FDI outflows from Hong Kong, China, the region’s financial centre and largest source of FDI, declined in 2011 by 14. 5 per cent to $82 billion, but increased in the last quarter of the year. FDI outflows from China dropped by 5. 4 per cent to $65 billion. In contrast, outflows from Singapore, the leading source of FDI in South-East Asia, registered a 19 per cent growth, reaching $25 billion. Outflows from Thailand and Indonesia surged, reac hing $11 billion and $8 billion. The boom was driven mainly by cross-border M in the case of Thailand and by greenfield investments in the case of Indonesia.Diverging patterns in overseas M. TNCs from East and South-East Asia continued to expand globally by actively acquiring overseas assets. Their M purchases worldwide amounted to $68 billion in 2011, marginally higher than the previous record set in 2010. Their cross-border M activities demonstrated diverging trends: total purchases in developed countries increased by 31 per cent to $46 billion, while those in developing countries declined by 33 per cent to $22 billion (table C).The rise in their M in developed countries as a whole was driven mainly by increases in Australia (up 20 per cent to $8 billion), Canada (up 99 per cent to $9 billion) and the United States (up 155 per cent to $12 billion), while the value of total purchases in Europe decreased by 8 per cent to $17 billion. The rise in M purchases in the developed world co rresponded to an increase in M in manufacturing, to $13 billion (table B). Greenfield investment by TNCs from East and South-East Asia dropped, in both number and value (tables D and E).The number of recorded greenfield projects undertaken by firms based in East and South-East Asia was about 1,200. The value of investments dropped by 12 per cent to about $125 billion. In manufacturing, East and South-East Asian TNCs in industries such as metals and metal products as well as food and beverages have been investing more frequently through greenfield investment. In services, companies from East Asia in particular continued to be active players in the M markets in both developed and developing countries. Short-term prospects: slowing growth.FDI growth in the region has slowed since late 2011 because of growing uncertainties in the global economy. FDI to manufacturing stagnated in China, but the country is increasingly attracting market-seeking FDI, especially in services. According to th e annual World Investment Prospects Survey (WIPS) undertaken by UNCTAD this year, China continues to be the most favoured destination of FDI inflows. FDI prospects in South-East Asia remain promising, as the rankings of ASEAN economies, such as Indonesia and Thailand, have risen markedly in the survey. CHAPTER II Regional Trends in FDI 5 3. South Asia Table A. Distribution of FDI flows among economies, by range,a 2011 Range Above $10 billion $1. 0 to $9. 9 billion $0. 1 to $0. 9 billion Below $0. 1 billion a Figure A. FDI flows, top 5 host and home economies, 2010–2011 Fig. FID ows – dollars) (Billions of South Asia (Host) India Iran, Islamic Republic of Pakistan India Iran, Islamic Republic of Pakistan Inflows India India Outflows (Home) Islamic Republic of Iran, Pakistan, Bangladesh .. Sri Lanka, Maldives Islamic Republic of Iran Nepal, Afghanistan, Bhutan Pakistan, Sri Lanka, Bangladesh Bangladesh Sri LankaEconomies are listed according to the magnitude of their FDI flows. Sri Lanka 2011 2010 0 5 10 15 20 25 30 35 Bangladesh 2011 2010 0 3 6 9 12 15 Fig. B – South Asia FDI in ows Figure B. FDI inflows, 2005–2011 (Billions of dollars) 60 50 40 30 10 20 10 0 2005 1. 5 2006 1. 9 2007 1. 8 2008 3. 0 2009 3. 5 2010 2. 4 2011 2. 6 Share in world total 5 0 2005 0. 4 25 20 15 Fig. C – South Asia FDI in ows Figure C. FDI outflows, 2005–2011 (Billions of dollars) 2006 1. 0 2007 0. 9 2008 1. 0 2009 1. 4 2010 0. 9 2011 0. 9 Table B. Cross-border M by industry, 2010–2011 (Millions of dollars) Sector/industryTotal Primary Mining, quarrying and petroleum Manufacturing Wood and wood products Chemicals and chemical products Non-metallic mineral products Motor vehicles and other transport equipment Services Electricity, gas and water Trade Finance Business services Table C. Cross-border M by region/country, 2010–2011 (Millions of dollars) Region/country World Developed economies European Union United States Japan Other d eveloped countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies Sales 2010 2011 569 18 18 5 960 4 194 3 4 – 409 53 275 – 602 12 875 8 997 8 997 1 940 435 85 152 977 1 937 310 341 701 291 26 682 5 240 5 240 2 499 174 393 – 14 18 943 95 29 5 745 424 Purchases 2010 2011 6 078 111 111 1 489 6 1 370 24 470 4 478 1 636 1 461 96 5 569 7 439 153 5 319 1 372 596 – 1 910 38 – 1 731 342 177 – 735 – Sales 2010 2011 12 875 14 870 12 450 1 576 986 – 142 – 2 017 217 – 2 417 46 133 3 – 26 682 7 836 971 3 343 3 522 18 823 10 922 1 201 342 898 5 460 24 Purchases 2010 2011 6 078 5 239 1 094 23 40 4 082 1 083 318 539 46 180 – 245 Table D. Greenfield FDI projects by industry, 2010–2011 (Millions of dollars) Sector/industryTotal Primary Mining, quarrying and petroleum Manufacturing Chemicals and chemical products Metals and metal prod ucts Machinery and equipment Motor vehicles and other transport equipment Services Construction Transport, storage and communications Finance Business services Table E. Greenfield FDI projects by region/country, 2010–2011 (Millions of dollars) 2011 Partner region/economy World Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies South Asia as destination 2 899 1 080 1 080 43 943 4 224 13 635 2 809 9 483 17 876 1 554 4 554 2 108 2 722 2010 68 019 47 649 4 567 19 223 3 157 11 466 20 369 2 640 3 675 2 552 5 879 2011 20 777 679 679 12 446 3 905 3 740 404 2 349 7 653 511 501 1 823 1 785 2010 South Asia as investors South Asia as destination 62 899 38 423 18 858 11 169 6 258 2 138 23 900 75 18 556 2 177 2 266 826 576 35 593 4 165 4 165 19 435 1 370 8 287 132 2 628 11 993 776 345 1 710 3 228 2010 68 019 41 532 16 008 14 024 8 366 3 135 26 097 980 19 050 1 910 4 093 64 389 2011 20 777 6 368 3 619 728 8 2 012 13 341 4 890 1 955 2 177 3 752 566 1 069 2010South Asia as investors 35 593 4 503 2 512 1 497 8 485 30 266 11 113 10 973 1 910 5 672 598 824 2011 46 World Investment Report 2012: Towards a New Generation of Investment Policies FDI inflows to South Asia have turned around. Inflows rose by 23 per cent to $39 billion in 2011 (2. 6 per cent of global FDI flows) after a slide in 2009–2010 (figure B). The recovery derived mainly from the inflows of $32 billion to India, the dominant FDI recipient in South Asia. Inflows to the Islamic Republic of Iran and Pakistan, recipients of the second and third largest FDI flows, amounted to $4. 2 billion and $1. billion (figure A). Bangladesh has also emerged as an important recipient, with inflows increasing to a record high of $1. 1 billion. In 2011, about 145 cross-border M and 1,045 greenfield FDI projects by foreign TNCs were recorded in South Asia (annex table s I. 4 and I. 9). Cross-border M rose by about 131 per cent in value, and the total reached $13 billion (tables B and C), surpassing the previous record set in 2008. The significant increase was driven mainly by a number of large transactions in extractive industries undertaken by acquirers from the European Union (EU), as well as from developing Asia.By contrast, cross-border M sales in manufacturing declined by about two thirds, to a level below $2 billion (table B). Sales in services amounted to $2 billion as well but were still much below the annual amounts during 2006–2009. Within manufacturing, the automotive industry ($1 billion) was the main target of investors, while in services, finance ($700 million) was the main target. FDI outflows from South Asia picked up as well. In 2011, outflows from the region rose by 12 per cent to $15 billion, after a decline of three years. Outflows from India, the dominant source of FDI from the region, increased from $13. 2 billion in 2010 to $14. billion in 2011 (figure A). However, Indian TNCs became less active in acquiring overseas assets. The amount of total cross-border M purchases decreased significantly in all three sectors: from $5. 2 billion to $111 million in the primary sector, from $2. 5 billion to $1. 5 billion in manufacturing, and from $19. 0 billion to $4. 5 billion in services. The drop was compensated largely by a rise in overseas greenfield projects, particularly in extractive industries, metal and metal products, and business services (table D). Indian companies in information technology services have long been active players in global markets.In recent years, firms in service industries such as banking and food services have also become increasingly active in overseas markets, particularly in developed countries and especially in the United Kingdom. In early 2012, the State Bank of India started offering mortgages in the United Kingdom. India Hospitality Corp. acquired Adelie Food Holding, b ased in the United Kingdom, for $350 million, to capture growth opportunities in the Indian fast food market. Cautiously optimistic prospects. Countries in the region face various challenges, which need to be tackled in order to build an attractive investment climate for enhancing development.Recent developments have highlighted new opportunities (box II. 1). The growth of inflows so far appears likely to keep its momentum in 2012. As economic growth in India has slowed, however, concerns have arisen about short-term prospects for FDI inflows to South Asia. Whether countries in the region can overcome old challenges and grasp new opportunities to attract investment will depend to a large extent on Governments’ efforts to further open their economies and deepen regional economic integration.CHAPTER II Regional Trends in FDI 47 Box II. 1. Attracting investment for development: old challenges and new opportunities for South Asia South Asian countries face different challenges in building a conducive business environment and an attractive investment climate, which are crucial for promoting economic development. These challenges include, for instance, stabilization in Afghanistan, security concerns in the Islamic Republic of Iran and Pakistan, and macroeconomic as well as political issues in India.Two issues stand out as major concerns: political risks and obstacles at the country level and weak integration processes at the regional level. At the country level, high political risks and obstacles have been an important factor deterring FDI inflows. Countries in the region rank high in the country risk guides of political-risk assessment services, and political restrictions on both FDI and business links between countries in the region have long existed. This has deterred FDI inflows and negatively affected the countries’ FDI performance. However, recent developments have highlighted new opportunities.For instance, the political relationship between Ind ia and Pakistan, the two major economies on the subcontinent, has been moving towards greater cooperation, with Pakistan granting India most-favoured-nation status in November 2011 and India recently announcing that it will allow FDI from Pakistan. In Afghanistan, some FDI has started to flow into extractive industries. At the regional level, progress in economic integration (with the South Asian Association for Regional Cooperation as the key architect) has been slow, and the trade barriers between neighbouring countries in the region are among the highest in the world.South Asia is perhaps one of the least integrated developing regions: intraregional trade accounts for about 2 per cent of total gross domestic product (GDP), compared with more than 20 per cent in East Asia. In addition, investment issues have not yet been included in the regional integration process. As a result, the region has not been able to realize its potential for attracting FDI inflows, especially in promoti ng intraregional FDI flows. In 2011, intraregional greenfield investment accounted for merely 3 per cent of the regional total, compared with 27 per cent in East and South-East Asia.Nevertheless, high economic growth in major economies in the subregion has created a momentum for regional integration in recent years, and South Asian countries have increasingly realized that regional integration can help them improve the climate for investment and business. The inclusion of an investment agenda in the regional integration process and in particular the creation of a regional investment area can play an important role in this regard. Source: UNCTAD and UNESCAP. 48 World Investment Report 2012: Towards a New Generation of Investment Policies 4. West AsiaTable A. Distribution of FDI flows among economies, by range,a 2011 Range Above $10 billion Inflows Saudi Arabia, Turkey .. Outflows Figure A. FDI flows, top 5 host and home economies, 2010–2011 Fig. FID ows – West Asia (Bil lions of dollars) (Host) (Home) Saudi Arabia Turkey United Arab Emirates Lebanon Kuwait $5. 0 to $9. 9 billion United Arab Emirates Kuwait, Qatar Qatar $1. 0 to $4. 9 billion Lebanon, Iraq, Jordan, Syrian Arab Republic Saudi Arabia, Turkey, United Arab Emirates Lebanon, Bahrain, Oman, Iraq, Yemen, Jordan, Syrian Arab Republic, Palestinian TerritorySaudi Arabia Turkey United Arab Emirates 30 0 1 2 3 4 5 6 Below $1. 0 billion a Oman, Bahrain, Kuwait, Palestinian Territory, Qatar, Yemen Iraq 0 5 10 15 20 2011 2010 25 2011 2010 7 8 9 10 Economies are listed according to the magnitude of their FDI flows. Fig. B – West Asia FDI in ows Figure B. FDI inflows, 2005–2011 (Billions of dollars) Fig. C – West Asia FDI out ows Figure C. FDI outflows, 2005–2011 (Billions of dollars) 100 90 80 70 60 50 40 30 20 10 0 2005 4. 5 2006 4. 6 2007 4. 0 2008 5. 1 2009 5. 5 2010 4. 4 2011 3. 2 Share in world total Other West Asia Gulf Cooperation Council (GCC) Turkey 0 40 30 20 1 0 0 2005 1. 4 2006 1. 6 2007 1. 5 2008 1. 9 2009 1. 5 Other West Asia Gulf Cooperation Council (GCC) Turkey 2010 1. 1 2011 1. 5 Table B. Cross-border M by industry, 2010–2011 (Millions of dollars) Sector/industry Total Primary Mining, quarrying and petroleum Manufacturing Wood and wood products Chemicals and chemical products Metals and metal products Machinery and equipment Services Electricity, gas and water Transport, storage and communications Finance Business services Table C. Cross-border M by region/country, 2010–2011 (Millions of dollars) Region/countryWorld Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies Sales 2010 2011 4 887 170 170 2 416 10 19 410 2 301 – 59 100 1 611 172 9 713 2 730 2 682 665 37 180 174 310 6 317 555 338 4 128 895 – 15 278 1 484 1 484 18 16 – 19 – 16 780 4 00 – 10 721 – 4 163 281 Purchases 2010 2011 6 136 37 37 780 – 89 -2 3 5 319 190 – 2 568 7 954 314 Sales 2010 2011 4 887 2 257 1 472 112 343 331 2 062 965 127 898 72 21 9 713 8 222 9 412 – 1 579 33 356 1 187 253 916 18 5 15 278 – 2 555 – 683 – 2 333 461 – 12 724 – 10 653 – 2 320 177 72 – Purchases 2010 2011 6 136 2 599 5 083 – 1 110 – 1 374 3 420 464 1 758 133 916 147 117 Table D. Greenfield FDI projects by industry, 2010–2011 (Millions of dollars) Sector/industry Total Primary Mining, quarrying and petroleum Manufacturing Food, beverages and tobacco Coke, petroleum and nuclear fuel Chemicals and chemical products Metals and metal products Services Electricity, gas and water Construction Hotels and restaurants Business services Table E. Greenfield FDI projects by region/country, 2010–2011 (Millions of dollars) 2011 Partner region/economyWorld Developed economies European Un ion United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies West Asia as destination 60 011 1 631 1 631 23 395 1 443 1 165 8 977 3 155 34 985 6 004 11 231 5 431 3 976 2010 69 151 915 915 39 640 3 783 4 472 13 877 8 260 28 595 6 744 6 620 4 686 3 199 2011 West Asia as investors 37 190 7 538 1 110 2 122 1 771 737 29 652 570 13 630 2 921 4 805 2010 West Asia as destination 60 011 36 532 23 370 8 219 1 162 3 782 21 726 2 517 2 541 3 752 12 403 513 1 753 4 194 503 503 19 444 2 414 7 633 3 372 3 088 24 247 2 611 12 603 1 920 921 2010 69 151 38 990 14 911 18 121 2 896 3 062 29 466 150 5 930 5 672 17 535 178 695 2011 West Asia as investors 37 190 3 769 3 454 123 192 28 313 9 897 2 910 2 266 12 403 836 5 108 2010 44 194 9 687 7 481 1 937 269 33 371 7 038 3 965 4 093 17 535 699 1 135 2011 CHAPTER II Regional Trends in FDI 49 Inflows to West Asia declined for a third year. They decreased by 16 per cent to $49 billion in 2011, affected by both the continuing political instability and the deterioration of global economic prospects in the second half of 2011.The level is the lowest since 2005 – when FDI flows stood at about $44 billion – and far below the record high of about $92 billion registered in 2008 (figure B). Gulf Cooperation Council (GCC) countries are still recovering from the suspension or cancellation of large-scale projects in previous years. They registered a drop of 35 per cent in FDI inflows, which brought their share in the region’s total from 69 per cent in 2010 to 53 per cent in 2011. Saudi Arabia – the region’s biggest recipient – saw a 42 per cent fall in 2011 to $16 billion, which largely explains the overall decline.FDI flows to Oman and Qatar also decreased – reaching negative values in the latter – but those to Bahrain, Kuwait and the United Arab Emirates rebounded from relative ly low values (figure A and annex table I. 1). Some of the big and expensive projects that had prospered in these countries during the precrisis period had to be suspended or cancelled when project finance dried up in the wake of the global financial crisis. After a period of calm and consolidation, projects started slowly coming back on line in 2010 but soon faced delays caused by the Arab uprising across the region during 2011, and by new uncertainties about global economic rospects. Some big projects with strong sponsors have managed to secure financing, sometimes with greater use of export credit agencies, in particular from Japan and the Republic of Korea, and highly liquid regional bank lenders. 8 As of October 2011, the cancelled or suspended construction projects in the Middle East and North African market were estimated at $1. 74 trillion, with $958 billion in the United Arab Emirates alone and $354 billion in Saudi Arabia. Construction was one of the most important areas f or investment to have emerged in the last oil boom, and the pace of its activity is among the key indicators of investment behaviour in housing, tourism, infrastructure, refineries, petrochemicals and real estate, where foreign investment prospered during the boom years. Strong recovery of FDI into Turkey. Turkey stood as an exception to regional trends, with inflows registering a 76 per cent increase to $16 billion (figure A), maintaining the country’s position as the region’s second largest FDI recipient and increasing its share in the region’s total from 16 to 33 per cent.The increase in inflows was mainly the result of a more than three-fold increase in crossborder M sales (annex table I. 3), with two big deals making up most of the total. 10 In addition, Turkey’s FDI promotion policy has been shifting towards a more sector-specific approach, aiming directly at high value added, high-tech and exportoriented projects. Investments in automotive and petr ochemical industries have been designated primary objectives by the Investment Support and Promotion Agency, and the mining sector will soon be added as well. 1 Political and social unrest has halted FDI to nonGCC Arab countries. Flows to this group of countries – which represented 14 per cent of the region’s total – declined by 26 per cent in 2011 to $7 billion. Spreading political and social unrest has halted FDI inflows in the Syrian Arab Republic and Yemen. Flows to Lebanon were affected by the slowdown in the real estate sector – the most important recipient of FDI – as a consequence of adverse spillovers of both the global financial crisis and the regional unrest. Increased oil revenues helped boost FDI outflows.FDI outflows from West Asia rebounded by 54 per cent in 2011 after bottoming out at a five-year low in 2010 (figure C). The rise in oil prices since the end of 2010 made more funds available for outward FDI from the GCC countries. In addition to these countries – the region’s main outward-investing economies – Turkey registered a 68 per cent increase in outward FDI flows. This is reflected in the recovery of both cross-border M purchases and greenfield projects abroad by Turkish investors, with a strong shift of greenfield FDI projects from developed and transition economies to neighbouring developing regions and countries.FDI prospects are still negative for inward FDI to the region. UNCTAD projects that FDI inflows will continue declining in 2012, judging by preliminary data on cross-border M sales and greenfield investment for the first five months of 2012, as 50 World Investment Report 2012: Towards a New Generation of Investment Policies uncertainties at the global and regional levels are likely to cause foreign investors to remain cautious about their investment plans in the region. In the longer term, however, the concentration of oil wealth in the region and the strategic need to urt her reduce economic dependence on the oil and gas sectors through economic diversification will create additional business opportunities, and revive the region’s attractiveness for foreign investors (see box II. 2). Box II. 2. Economic diversification and FDI in the GCC countries Economic diversification has recently taken high political priority in West Asia, as the lack of job prospects for a rapidly growing, educated and young population was a key trigger of political unrest. The oil-rich countries saw in the surge of oil prices in the early 2000s an opportunity for change.In 2001, the six GCC members signed an economic agreement aiming to boost their diversification efforts by encouraging the private sector, including foreign investors, to play a more active role and implementing liberalization measures to this end. The new policy framework opened a wider range of activities to FDI. Together with new opportunities offered by the surge in oil revenues, this has increased a nnual inflows from a relatively modest $1 billion on average during 1990– 2000 to $28 billion during 2001–2011, eaching a record $60 billion in 2008, and targeting mainly services. Stock data from three countries show that in 2010, services accounted for 59 per cent of inward FDI, manufacturing for 27 per cent and the primary sector – mainly the oil and gas upstream industry where restrictions on FDI participation remain – for 14 per cent (box figure II. 2. 1). Services was also dominant in greenfield FDI projects, attracting 51 per cent of estimated investments during 2003–2011; 44 per cent targeted manufacturing and 5 per cent went to the primary sector. Box figure II. . 1. Accumulated inward FDI stock in Oman, Qatar and Saudi Arabia, a by sector, 2010 Primary 14 % Business activities 19 % Chemicals 11 % Manufacturing Re ning 7 % Other 9 % Construction 14 % Finance 9% Services 59 % Transport, storage and communications 6% Trade 3% Electricity, ga s and water 3% Other services 3% Source: UNCTAD, FDI/TNC database (www. unctad. org/fdistatistics). a These three countries accounted for 69 per cent of GCC countries’ inward FDI stocks in 2010. Sectoral data for Bahrain, Kuwait and the United Arab Emirates are not available.Active industrial policies have targeted FDI in specific activities, using oil revenues to establish projects and encouraging foreign investors to participate – for example, in petrochemicals and petroleum refining, and the building of economic zones and new cities. /†¦ CHAPTER II Regional Trends in FDI 51 Box II. 2. Economic diversification and FDI in the GCC countries (concluded) The soaring oil prices and increasing refining margins in the 2000s encouraged Gulf countries to establish refinery/ petrochemical complexes to produce products with higher value added.They also opened the door wider to international oil companies, as providers of technologies and market experience. Several projects have been built or are under way, through joint ventures or non-equity agreements with foreign TNCs. Several are hosted in Saudi Arabia, such as Petro Rabigh (with Sumitomo Chemical (Japan)), Al Jubail (with Total (France)), and Fujian (with ExxonMobil (United States) and Sinopec (China)), among others. Similar projects also took place in the United Arab Emirates, Qatar and Oman.Building economic zones and cities has generally consisted of providing advanced information and communications technology, infrastructure and services to attract leading tenants to help establish new, globally competitive industries, especially service-based ones. More than 55 such cities or zones have been established or are under way, generally targeting knowledge-intensive industries. GCC countries clearly experienced higher growth in their non-oil sectors during the 2000s (IMF, 2011), and the shift in their FDI policy allowed foreign direct investors to participate.Progress in equal treatment of GCC-co untry citizens – in freedom of movement, work, residence, economic engagement, capital movement and real estate ownership – has spurred intra-GCC FDI, which has helped develop services activities. Despite this progress, hydrocarbons still dominate real GDP and export revenues, and the expansion of the non-oil sectors has not meant a decline in dependence on oil. a High growth rates in non-oil activities have created relatively few job opportunities for national workforce to assuage the high unemployment rates and reliance on government posts. This might indicate a mismatch between career aspirations and available opportunities, on the one hand, and between the skills required by the private sector and those available in the workforce, on the other. This introduces the risk of the consolidation of a dual system, where modern enclaves with expatriate management and workforces are disconnected from the skills of the national workforce which relies mostly on government job s. GCC countries face common challenges.The scale of diversification plans will require both private and public funding, as well as cooperation and coordination between public and private sectors, which will continue to provide investment opportunities for TNCs. Source: UNCTAD. a Oil revenues represented 60–88 per cent on average of government revenues during 2005–2009, and its share in export revenues was 76–95 per cent in 2008, except in the United Arab Emirates, where it was 43 per cent (Samba, 2010). b In 2008, national unemployment was estimated at close to 13 per cent in Saudi Arabia, 14 per cent in the United Arab Emirates and 15 per cent in both Bahrain and Oman.The majority of those employed worked in government; 88 per cent of nationals in Qatar, 86 per cent in Kuwait, 72 per cent in Saudi Arabia and 47 per cent in Oman. In 2007–2008, the share of migrants in total employment was estimated at 74 per cent in Bahrain, 77 per cent in Oman, 92 per c ent in Qatar and 87 per cent in Saudi Arabia (Baldwin-Edwards, 2011). 52 World Investment Report 2012: Towards a New Generation of Investment Policies 5. Latin America and the Caribbean Table A. Distribution of FDI flows among economies, by range,a 2011 Range Above $10 billion $5. 0 to $9. 9 billion $1. to $4. 9 billion Figure A. FDI flows, topFig. FID and home economies, 2010–2011 5 host ows – LAC (Billions of dollars) (Host) British Virgin Islands Chile Inflows Brazil, British Virgin Islands, Mexico, Chile, Colombia Peru, Cayman Islands, Argentina, Bolivarian Republic of Venezuela Outflows British Virgin Islands, Chile Mexico, Colombia Brazil British Virgin Islands Mexico (Home) Panama, Dominican Republic, Uruguay, Costa Rica, Bahamas, Cayman Islands, Panama, Argentina Honduras, Guatemala, Nicaragua Plurinational State of Bolivia, Trinidad, Tobago, Ecuador, Aruba, El Salvador, $0. to Bahamas, Bolivarian Republic of Barbados, Paraguay, Jamaica, Haiti, $0. 9 billion Ve nezuela, Peru Guyana, Saint Kitts, Nevis, Saint Vincent and the Grenadines, Cuba Jamaica, Costa Rica, Ecuador, Turks and Caicos Islands, Belize, Guatemala, Nicaragua, Curacao, Saint Lucia, Curacao, Antigua Less than Turks and Caicos Islands, Aruba, and Barbuda, Grenada, Dominica, $0. 1 billion Belize, Sint Maarten, Honduras, Anguilla, Montserrat, Sint Maarten, Suriname, Uruguay, Dominican Suriname Republic, Barbados, Brazil a Economies are listed according to the magnitude of their FDI flows. Mexico Chile Colombia Cayman Islands 70 0 10 20 30 40Colombia 0 10 20 30 40 2011 2010 50 60 2011 2010 50 60 70 Fig. B – LAC FDI in ows Figure B. FDI inflows, 2005–2011 (Billions of dollars) 220 200 180 160 140 120 100 80 60 40 20 0 Fig. C – LAC FDI out ows Figure C. FDI outflows, 2005–2011 (Billions of dollars) 120 100 80 60 40 20 0 2005 Share in world total 5. 0 2006 5. 6 2007 3. 6 2008 4. 9 2009 4. 6 2010 8. 3 2011 5. 9 Caribbean Central America South America Carib bean Central America South America 2005 8. 0 2006 6. 7 2007 8. 7 2008 11. 7 2009 12. 5 2010 14. 3 2011 14. 2 Table B. Cross-border M by industry, 2010–2011 (Millions of dollars) Sector/industryTotal Primary Mining, quarrying and petroleum Manufacturing Food, beverages and tobacco Textiles, clothing and leather Wood and wood products Electrical and electronic equipment Services Construction Transport, storage and communications Business services Community, social and personal service activities Table C. Cross-border M by region/country, 2010–2011 (Millions of dollars) Region/country World Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies 8 414 12 376 11 898 7 398 5 878 50 84 1 742 8 640 18 2 409 2 438 217 Sales 2010 2011 20 689 6 409 6 249 2 766 7 638 119 216 683 11 514 1 417 3 523 1 415 2 565 15 831 2 077 1 981 4 700 2 825 – 598 69 9 055 49 263 1 070 1 220 Purchases 2010 2011 18 659 – 650 – 745 6 035 2 213 425 122 16 13 274 826 6 123 – 272 4 28 414 2 744 – 285 – 395 4 907 – 1 483 24 741 – 75 14 664 5 460 4 692 -3 Sales 2010 2011 20 689 908 – 12 191 – 3 497 10 946 5 649 17 585 9 311 180 147 7 983 2 119 15 831 12 036 2 905 4 719 125 4 287 3 951 – 84 79 – 735 4 692 – 156 Purchases 2010 2011 8 659 9 173 1 752 5 402 2 019 8 157 -5 159 3 18 7 983 1 329 Table D. Greenfield FDI projects by industry, 2010–2011 (Millions of dollars) Sector/industry Total Primary Mining, quarrying and petroleum Manufacturing Food, beverages and tobacco Rubber and plastic products Metals and metal products Motor vehicles and other transport equipment Services Electricity, gas and water Transport, storage and communications Finance Business services Table E. Greenfield FDI projects by region/country, 2010–2011 (Millio ns of dollars) 20 655 2 300 2 300 7 674 1 197 170 1 769 250 10 681 156 3 678 1 290 5 117LAC as destination 120 113 17 234 17 234 68 900 6 258 4 541 20 242 14 774 33 979 9 518 9 916 2 892 7 291 2010 138 680 21 481 21 446 59 166 10 632 3 424 15 233 15 977 58 034 11 989 20 643 2 786 20 557 2011 LAC as investors 21 754 7 429 7 418 8 373 2 038 3 050 678 360 5 952 1 688 1 424 1 392 410 2010 2011 Partner region/economy World Developed economies European Union United States Japan Other developed countries Developing economies Africa East and South-East Asia South Asia West Asia Latin America and the Caribbean Transition economies LAC as destination 20 113 94 771 50 871 21 217 6 585 16 098 23 324 503 9 556 566 836 11 864 2 018 2010 138 680 112 431 57 462 29 109 9 945 15 915 25 880 1 167 8 950 598 699 14 466 370 2011 LAC as investors 21 754 5 200 1 132 566 46 3 456 16 544 809 2 531 826 513 11 864 10 2010 20 655 3 499 1 319 2 038 93 49 17 156 1 774 675 64 178 14 466 – 2011 CHAPTER II Re gional Trends in FDI 53 South America is the main driver of FDI growth to the region. FDI flows to Latin America and the Caribbean increased by 16 per cent to a record $217 billion in 2011, driven mainly by increasing inflows to South America (up 34 per cent).Inflows to Central America and the Caribbean, excluding offshore financial centres, increased by 4 per cent, while those to the offshore financial centres registered a 4 per cent decrease. The high growth of FDI in South America was mainly due to its expanding consumer markets, high growth rates and natural-resource endowment. In 2011 Brazil remained by far the largest FDI target, with inflows increasing by 37 per cent to $67 billion – 55 per cent of the total in South America and 31 per cent of the total in the region.The size of Brazil’s domestic market explains its attractiveness, as does its strategic position in South America, which brings within easy reach other emerging and fast-growing markets, such as Arg entina, Chile, Colombia and Peru. Another important driver for FDI growth to South America has been the relatively high rate of return on investments in the region. Since 2003, South American countries have witnessed significant growth of income on FDI: from an annual average of $11 billion during 1994–2002, equivalent to 0. 84 per cent of the subregion’s GDP, to an annual average of $60 billion during 2003–2011, equivalent to 2. 4 per cent of GDP. In 2011, FDI income increased another 17 per cent, reaching $95 billion. 12 The rise in FDI income during the 2000s, in parallel with the increase in FDI stock (a nine-fold increase between 1994 and 2011) and share in GDP (from 11 to 28 per cent share in current GDP), was in part driven by increased investment in extractive industries, which have enjoyed high profitability and have attracted a significant part of FDI inflows since the commodity price boom. For example, in Chile this industry accounted for 43 per cent of