The impact of foreign direct investment on economic growth of less Essay

The impact of foreign direct investment on economic growth of less developed countries - Essay Example However, in open economy investment is funded both through household savings and foreign capital flows, incorporating FDI. FDI facilitates investment-receiving (host) nations to attain investment levels ahead of their capability to save (Atique, Ahmad and Azhar, 2004, p. 1). The study aims to discuss about the underlying effect of foreign direct investment on economic growth of the less developed or the developing nations. The study seeks to analyze whether the inflow of foreign direct investment is really leading to economic growth and capital formation within the less developed countries. The topic â€Å"The impact of foreign direct investment on economic growth of less developed countries† seems to be interesting and relevant. Through this topic, the study seeks to find whether these inflows of foreign capital can be sustained within the less developed economies. Whether the transnational players in the international economy could contribute to the modernization of the economies of developing countries is also the point of concern in this study. Development Economics is a topic that studies the economics of the developing nations. It has made exceptional use of economic hypothesis, econometric methods, sociology, anthropology, political science, ecology and demography and has mushroomed into one of the liveliest parts of study in all the social sciences. It is reasonable to say that the model of economic growth initiated by Robert Solow in 1956 has had an elementary impact on development economics. An addition to the capital stock will have a larger effect on per-capita income. It implies that by means of controlling parameters (for example, savings rates and population growth rates), poorer nations will tend to develop faster and hence will come up to reach the levels of comfort enjoyed by their affluent counterparts (Ray, 2007, pp.

Communication and organizational Performance Essay

Communication and organizational Performance - Essay Example As a result, they have been forced to adopt strategies and behaviors that can help them improve their performance and profitability and therefore remain relevant. Over the years, communication has proved to be one of the most central factors to individual and organizational performance (Abugre, 2007, p. 42). Effective communication has the potential of significantly improving individual and organizational performance. On the other hand poor communicant can considerably compromise individual and organizational performance. Communication is indeed any organization’s lifeblood. Communication directly influences employee trust, productivity, and morale (Ng et al, 2006, p. 474). Studies have shown that effective communications can maximize efficiency, company operations, increase organization’s overall success, and accelerate the corporate strategy execution. Most managers have realized the essence of communication in organizational performance and are extensively using corp orate communication to achieve organizational goals and objectives (May and Mumby, 2005, p. 29). This paper will critically evaluate the extent to which managers use corporate communication to manipulate understanding and encourage compliance with management direction. Corporate communication enables corporate organization to relay information to its employees, shareholders, stakeholders, agencies, media, and the general public. It is important that an organization communicate the same message to its publics and especially its employees in ethical, credible, and coherent manner. According to Robson, Skarmeas and Spyropoulou (2006, p. 585), corporate communication enables employees of an organization to coordinate tasks, learn from each other and help them to create and maintain viable relationships. Several studies have shown that corporate communication is linked to improved performance in the sense that it enhances employees’ commitment in the workplace, provides opportunit y for learning, and is critical in enhancing employee satisfaction (Buchanan and Huczynski, 2010, p. 70). While corporate communication in itself is central to individual and organizational performance, it is not enough for an organization to have corporate communication as part of its strategies. Corporate communication of any organization should be designed in such a way that it achieves its objectives and significantly contributes to the achievement of overall organizational goals and objectives. It should be packaged in such a way that it has huge and positive managerial impacts; in other words it should be a channel to flow of information, policies, and even resources (Cornelissen, 2011, p. 18). Corporate communication is a managerial tool that is often expected to coordinate activities, share information, policies, and resources with employees, reduce unnecessary managerial rules and burdens, and eventually improve organizational performance (Robson, Skarmeas and Spyropoulou, 2006, p. 589). In the absence of corporate communication, organized activities of organizations would cease to exist and organization would have many uncoordinated activities which in return would lead to poor organizational performance (Abugre, 2007, p. 45). It is in the light of this fact that managers use corporate communi