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What is Foreign Direct Investment

1. IntroductionSince the end of the Second World War one significant phenomenon in the world economy is the rapid growth of foreign direct investment (FDI) in the wake of the…

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Functionalism: A Detailed Look

In analyzing functionalism, I will argue for the thesis, as presented. I find that the theory of functionalism, especially as laid out amongst the other theories pertaining to the issue…

Was Mao a Marxist

“The socialists might conquer” Michels prophesied, “but not socialism which would perish in the moment of its adherents’ triumph”(Michels, 1959, p. 341). Certainly there are examples of conclusions made by…

SARS: Impact on China's Economy

This essay is an assignment to the Business Economics of MCOM. It consists of five parts: introduction, channels through which SARS impacts, the limited impact of SARS, measures to reduce…

How active audiences make media choices freely

Audience, once thought to be passive has shifted to actively interpret media messages in various forms over the years. Individuals come together as a group to construct their own interpretation…

The Way in Which We Perceive People

This essay will discuss the theories of prejudice and the processes of how it has been involved in people’s attitudes, and how these have changed over the years. It will…

What do economists mean by globalisation

Most writers and economist would define globalisation as the increasing interdependence of nations, by the integration of national economies into the international economy through trade, foreign direct investments, short -…

Is art a tool for political influence

According to Gustave Courbet, the leading figure in 19th century Realism, the aim of art was to irritate the bourgeoisie, thus art had an active purpose. But who decides what…

The PRC is now a member of the WTO

After 15 years of negotiations, trade ministers from across the world have officially approved China’s entry into the World Trade Organization (WTO) in December 11 2001.1 China’s formal membership comes…

Understanding Individuals and society

How do we understand the relationship between individuals and the wider society they inhabit?In the opinion of renowned social experts like Edgar Schein it is believed that socialisation is what…

Trade and Exploration

The seamen who embarked on voyages of maritime exploration in the sixteenth century can be split into two main groups. These groups are the ordinary seamen, whose main motivation would…

The Formation of Relationships

Based on research evidence, many theories have been identified as to the reason why relationships form. The sociobiological theory, reinforcement and need satisfaction theory, and the field theory all offer…

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