Prestige and Dominance as Differential Correlates of Moral Foundations and Its Clinical Implications

Objective: How people use social rank (dominance vs prestige) could explain different attitudes toward five moral foundations. This study aimed to investigate the differential relationships between prestige, dominance, and moral foundations. Methods: This study was conducted on 150 participants who responded to the moral foundation questionnaire and dominance-prestige scale. Results: Multiple regression analysis revealed that prestige was positively associated with four kinds of moral foundations (harm/care, reciprocity/fairness, loyalty/subversion, and purity/sanctity), whereas dominance was negatively associated with harm/care, reciprocity/fairness, and progressivism. Prestige had a stronger association with moral foundations than dominance. Conclusion: It seems that dominance as a social status seeking-strategy is against any moral foundation, but prestige could increase attention to moral foundations in decision making toward every life issue.

Composition of Outward Foreign Direct Investment from India

After the liberalization regime of 1991, the major policy changes undertaken regarding overseas investment, such as, industrial deregulation and trade liberalization, led to major changes in the Indian economy. This leads to increase competence in Indian investors to compete on a global level on a sustained basis. The paper intends to drag attention towards the composition of outward foreign direct investment (OFDI) from India. It also examines the competition for Indian overseas investment among different sectors. Indian overseas investment in manufacturing sectors is getting the utmost importance, followed by service sectors in different country groupings from 2008 to 2019, using the rank dominance index.

Competitive Pattern of Foreign Direct Investment in India

Globalization can be summarized as opening-up of markets, leading to transfer of capital, technology and people. However, another important dimension of globalization is multilateralism. The international economic reforms encourage multilateralism leads allocative efficiency. Multilateralism implies importing capital from a variety of sources as may be most efficient. Indias FDI policy is in alignment with global FDI. In 1991, India had receiving FDI from 86 investing countries, which reached to 137 investing countries in 2013. This indicates global attractiveness and preferred investment destination. The paper examines FDI investing pattern of source countries in India. The period of study is 1991-2013. The paper applies a set of new indices like Index of Rank Dominance (IRD) and Bodenhorns measure of Mobility and Turnover. The most dominant country is USA. The RIRD (Relative Index of Rank Dominance) are top heavy. The first five countries are investing more than 60 percent FDI in India. Asian Tiger countries invested around 11 percent and BRICS countries have insignificant FDI in India. The competitive pattern of FDI has been declined among three different grouping countries. The global FDI in India has been declined 8 percent per annum in spite of favoured investment destination.

Sectoral Analysis of Foreign Direct Investment in India During First Generation Reform Period

Since 1991, India has cautiously and slowly opened almost all the sectors, except a few related to strategic importance, for foreign investors. Degree of openness of various industrial sectors for FDI has been increased to the extent of 100 percent by consistently liberalizing industrial policies of the sectors. The purpose of the paper is to study pattern and trends of sectoral distribution of FDI within the background of the first generation reforms and liberalized industrial policies during 1991-2001. The paper has used series of the dynamics and stylistic indices and statistical tools such as three level indices, index of rank dominance, and correlation matrices for explaining the pattern of FDI distribution across sectors during 1991-2001. The results show that electrical, transportation, chemical, telecommunication, and service sectors are most dominating sectors and represent almost 75 percent of total FDI received during 1991-2001. Index of rank dominance indicates distribution of FDI across the sectors is top heavy.