New Public Management has led to a convergence between the public and Essay

New Public Management has led to a convergence between the public and private sector and enhanced the delivery and organization of public services. Discuss - Essay Example In some public organizations when the measure of success is considered to be on the basis of powerlessness or apathy, all efforts would be geared towards this even if it compromises the quality of services given to the service users. In such instances, the traditional tools and avenues for measuring success in the business and private sector cannot be employed. While the two sectors share several similarities in terms of management methods, they are not entirely the same. This difference can only be appreciated when one accepts that the administration means as well as the values in the sectors are very much dissimilar. Ferlie et al. (2006) notes that the public sector greatly values the interest of the public and also puts emphasis on political compromise when undertaking its initiatives. On the other hand, the private entities are more focused on profitability and they therefore strive to come up with ways of management and operation that will ensure that they achieve the goals. Despite this being the case, there has been a very interesting phenomena whereby there appears to be a convergence between the public and the private sector aided by the New Public Management (NPM). This treatise discusses how this convergence has taken place and the effect it has had on the delivery and the organization of public services. Esping-Anderson (1990) remarks that in order to appreciate the effect that New Public Management has had on both the private and private sector operations, it is imperative to explore the traditional sectors and how the two operated in terms of management and priorities. Haynes (2003) says that businesses in the private sector normally engage in the creation and distribution of services and other commodities to be able to enhance the quality of life of the buyers while at the same time making profits for the shareholders. This, therefore, calls for constant innovations to reward

The global pattern of foreign direct investment in the years 2000-2011 Essay

The global pattern of foreign direct investment in the years 2000-2011 - Essay Example Foreign Direct Investment (FDI) is perceived as one of the important measures of increasing economic globalization. As because of increasing globalization and international trade, transnational corporations (TNCs) are able to invest in different overseas projects and shift their operations to different regions of the world (Globerman, & Shapiro, 2003). It is important to understand and analyze the concept of the foreign direct investment as it is directly related with the globalization in the today’s world (Noorbakhsh, Paloni, & Youssef, 2001). Because of increasing globalization and international trade, more and more foreign investors are investing their money in different projects overseas. It is important to notice that overall foreign direct investment (FDI) increased to around $ 33 billion in the year 2008 as compared to $ 5 billion in the year 2000 (UNCTAD, 2010). However, there was sharp decline in global foreign direct investment (FDI) in the year 2009 to around $ 28 b illion. This was because of the global economic recession. Overall economic recession and downturn forced the transnational corporations (TNCs) to cut down their overall investments and expenditures which in turn negatively influenced the global foreign direct investment (FDI). Most of these foreign direct investments (FDI) are directed towards the developing countries and least developed countries. The multinational corporations (MNCs) and transnational corporations (TNCs) are looking forward to exploit the abundance of low priced resources of these developing and under developed countries and thus shift more operations in these countries. Therefore, foreign investment flows from the developed countries towards least developed countries (Chakrabarti, 2001). The third world and developing countries are enriched with the resource of foreign direct investment (FDI). In the year 2010, overall global foreign direct investment (FDI) almost remained constant and reflected only a growth of around 0.7 percent. However, in the same year the foreign direct investment (FDI) to the developing countries increased by around 10 percent. Foreign direct investment (FDI) is important in order to maintain consistent growth and development all over the world (Blonigen, 2005). This facilitates the process of transferring the resources and funds from more developed countries to developing countries. Investors from developed countries are able to take advantage of relatively cheaper and low cost labour and other resources in the third world countries; while at the same time the third world countries are able to gain from the foreign investment which helps them in improving the overall economic condition (Neuhaus, 2005). For this very reason, many third world and developing countries have come up with different methods and strategies for attracting more foreign direct investment (FDI). For example, trade free zones, special tariffs, and easy regulations for foreign investors. Owing t o the high importance of the topic and the strong relation of the topic with the globalization and overall global economic condition, in this report an attempt has been made to analyze and evaluate