The Resistance to Change - 988 Words

As a person one might find that we follow a specific routine on the day to day basis. Sudden changes to these routines feels weird and out of place. In William Faulkner’s â€Å"A Rose For Emily† based in a fictional town called Jefferson taking place during the twentieth century. The time period is indeed an important factor because southern tradition was above all of the highest importance. This short story gives the audience details of life during that time in which they followed the values of southern tradition and the importance to never stray away from those traditions. The context of the story is laced with subliminal messages of humanities resistance to change. In Faulkner’s â€Å"A Rose For Emily† the lead character is the center piece of†¦show more content†¦Which gives us the narrator’s opinion on the subject of change, which is disapproval. In â€Å"A Rose For Emily† the narrator uses the rose as a symbol of resistance to change. Having been mentioned in both the title and in the bed next to the body of Homer. Symbolizing the romance of southern tradition (Kurtz 40). When a person receives the rose it is tradition to place it in the pages of a book preserving its memory (Kurtz 30). Homer Barron is himself â€Å"A Rose For Emily† and symbolizes southern tradition. By murdering Homer in the psychotic fashion detailed in the story she has preserved his memory for herself. His decaying body is symbolic for the rose left in the pages of the book (Kurtz 40). Like the Rose, Emily’s watch which is usually connected to a chain in her pocket is symbolic. Having been placed in her pocket the loud ticking is a constant reminder of how change annoys Emily. The fact that the Keys 4 watch is not visible where she can watch time fly is an example of Emily’s pathetic attempt to hide the passing of time and co ntrol change (Schwab 215). Emily can be compared to Queen Victoria known to adapt to traditional values and feared for straying away from those values (Dilworth 255). This comparison is the enhancement of Emily’s fear of change because the queen herself was disgusted with the very idea of change. Prince Albert a foreigner was the unpopular husband of Queen Victoria because of his ethnicity. In this comparison Prince Albert can beShow MoreRelatedResistance to Change1251 Words   |  6 PagesResistance to Change MGT380 - Managing Organizational Change July 30, 2012 Dr. David M. Piltz Resistance to Change Organizational change is a focus for Starbucks. The resistance to change needs to be a consideration for the company. Starbucks needs to focus on how to communicate the change in the organization and the attitudes that come with the change, whether it is positive or negative. Starbucks needs to establish strategies for managing the attitudes and the role of the presidentRead MoreResistance to Change2462 Words   |  10 PagesResisting Change Change is a natural process, it occurs every day whether it is recognized or not. Many factors both external an internal can create a need for change, these include: competition, technology, desire for growth, need to improve processes, and governmental regulations. It is the purpose of this paper to describe and discuss resistance to change as it relates to organizations today. I plan to utilize several scholarly references including the book â€Å"Managing OrganizationalRead MoreResistance to Change1785 Words   |  8 Pagesmight resist change because of self-interest, misunderstanding and distrust, and a general intolerance for change. Outline the five techniques that companies can use to manage resistance to change that are described in your textbook and discuss using the refereed journal articles you have researched for this essay. | DATE DUE: DATE SUBMITTED: | LECTURER’S NAME:Anita | TUTORS NAME:Chitra | TUTORIAL GROUP/CLASS TIME:Tutorial 1 | How to Manage Resistance to Change in an Organization Read MoreResistance to Change7392 Words   |  30 PagesLeadership Organization Development Journal Emerald Article: Resistance to organizational change: the role of cognitive and affective processes Wayne H. Bovey, Andy Hede Article information: To cite this document: Wayne H. Bovey, Andy Hede, (2001),Resistance to organizational change: the role of cognitive and affective processes, Leadership Organization Development Journal, Vol. 22 Iss: 8 pp. 372 - 382 Permanent link to this document: http://dx.doi.org/10.1108/01437730110410099 DownloadedRead MoreResistance to Change4896 Words   |  20 PagesResistance to Change HR587-Managing Organizational Change Course Project Instructor: Kathleen Milburn Keller Graduate School of Management 06/16/2010 Nga Le Table of Contents Executive Summary 2 Literature Review 3 Force-Field Analysis Diagram 4 Decoding Resistance to Change 6 Working with Resistance 7 Key Elements to Effective Organizational Training 7 Successful Project Management 9 Managers as Resistors 10 Managing Resistance 12 Default Option Approach 12 ChangeRead MoreResistance to Change2093 Words   |  9 Pages1.0 INTRODUCTION Change they say is the only constant thing. It is however a big wonder why many people still resist change even in large institutions. Resistance to change has therefore had a negative connotation because it portrays people avoiding the inevitable and not wanting to improve or face challenges. The essence of this paper is to peel the outward negative layer of resistance to change and dig deeper to reveal how it can be managed and transformed into a positive thing which may availRead MoreResistance Of Change And Change Management1666 Words   |  7 PagesResistance to Change NASA had a firm hierarchy and this brought about a lot of resistance to change from people. NASA could have gotten more of the people involved in the changes. I find that by getting people involved and having some key people or champions to support the change, there is less resistance. People want to feel involved and a part of decisions, especially if it impacts them directly. When it comes to successful change management, get people involved earlier, which will contributeRead MoreOvercoming Resistance to Change1671 Words   |  7 PagesOvercoming Resistance to Change BUS 610 Organizational Behavior Overcoming Resistance Resistance is a normal and a perfectly natural reaction to change. Each person has their own amount they can take, but the reasons behind why employees resist in the first place may be surprising.   According to these experts, the fear of moving into an unknown future state creates anxiety and stress, even if the current state is painful (Eroke, 2013). A complete understanding of the unique ways thatRead MoreResistance to Change Essay1113 Words   |  5 PagesResistance to Change Organizational change is the movement of an organization away from its present state and toward some desired future state to increase its effectiveness. (George et al, pg 567) Organizations need to change in the modern day market place. New technologies, globalization, foreign trade, investments and constantly shifting marketplaces demand the need for flexibility, adaptation, and change. The downside to this is in an organizations employees. People by nature resist changeRead MoreAn Individuals Resistance to Change1057 Words   |  5 PagesAn Individuals Resistance to Change Throughout the years the world has experience change. In the last five years we have seen drastic change within our country. In 2007 we elected our first African American as president. The technology world has change, almost every electronic we use now are touch screens. Everything outside of the work place has been adapting to change, but can the employees in the workplace adapting to change. Introduction Organizations has become more popular in the workplace

Counting the minority vote Essay - 866 Words

Counting the Minority Voter nbsp;nbsp;nbsp;nbsp;nbsp;This election year the presidential candidates are courting the minority voters like never before in history. States like Arizona, Florida, New Mexico and Ohio are considered swing states or battleground states. In many states voter registration drives have significantly increased the number of minority registered voters, particularly Hispanics, African Americans, and Asians. The candidates are well aware of this and are campaigning issues relevant to minority voters because they are prominent players in the political arena in the upcoming presidential election (Kamman). nbsp;nbsp;nbsp;nbsp;nbsp;According to the quot;Current Population Reports,quot; a report put out by the†¦show more content†¦Hispanics are conservative in nature but pick their political affiliation on issues of bread and butter. Social and political issues such as abortion, gay marriages and such are not a primary interest of the Latino voters. The media makes a big buzz about swaying the Latino voter but the reality of the matter is that realistically that is unlikely to happen(Sailer, Hispanic Republicans). nbsp;nbsp;nbsp;nbsp;nbsp;The U.S. Census Bureaus report put out in 2002 states that there are 24.5 million African Americans in the United States. Of these 22.9 million are U.S. citizens and only 14 million are registered voters. Of those 14 million who are registered to vote only 9.6 million voted. In percentages it breaks down as the following: 62.4% of African American U.S citizens are registered voters, 67.8 of those registered to vote voted, but overall only 42.3% of African American U.S. citizens voted. African Americans in the 2000 election the Republicans garnished a whopping 10% of the African American vote. In the Texas the percentage was even lower, 5%. The efforts put forth by the GOP to court the Black voters has been less than impressive. In reality the GOP know it looks bad to have a President who could only get 5% of the Black Texan vote (his home state). It is also a reality that it doesnt really matter if the percent doubled or tripled because the ratio between Blac k voters and White votersShow MoreRelatedVoter Apathy And Voting Apathy Essay1030 Words   |  5 Pagesis a right to vote by every people who are the citizens of the United States even though; they are Latinos, African-American or Asian. Voting is the important issues in political process as well as for the people themselves to decide the upcoming government in election. Moreover that, immigrants citizen must be very concerned about voting as there are few candidate who shows interest in the favor of immigrants people. Among the immigrants, Hispanic or Latinos are the largest minority group i.e. 44Read MorePolitical Culture Of The United States1513 Words   |  7 Pagesopinion  by  casting votes in favor or against a specific notion. Voting  in elections for  specific  offices of the government include  casting of votes by  eligible  people in favor of specific candidates.  Elections  in the United States  involve  voting  for the president  where regi stered voters  cast their votes in favor of  a  specific  presidential candidate.  The United States government holds  presidential elections  after  a term of four years,  and  the public votes indirectly for the President.  The public votes for  congressionalRead MoreEssay On American Politics1579 Words   |  7 Pagesproblems Mann Ornstein identify is low voter turnout. Politicians in America play to the fact that the United States has such a low voter turnout by employing different tactics. Politicians can try and increase the turnout of only people who would vote for them, rallying their voter base. Another tactic that can be very undemocratic is to reduce the turn out of the opposing politicians. Mann Ornstein propose their own solutions to this problem. One solution offered was to expand the electorateRead MoreJean Jacques Rousseau1249 Words   |  5 Pagesthat even when one votes in the minority they can obey the law and still be free. But, †Å"how can the opposing minority be both free and subject to laws to which they have not consented?† (Rousseau, pg. 153) Rousseau’s response is that citizens must consent to all the laws because â€Å" to inhabit the territory is to submit to the sovereign.†(Rousseau, p.153) In accordance with the social contract, when a citizen votes they should completely surrender their personal interest and vote for what they believeRead MorePolitical Culture Of The United States1337 Words   |  6 Pagesopinion  by  casting votes in favor or against a specific notion. Voting  in elections for  specific  offices of the government include  casting of votes by  eligible  people in favor of specific candidates.  Elections  in the United States  involve  voting  for the president  where registered voters  cast their votes in favor of  a  specific  presidential candidate.  The United States government holds  presidential elections  afterà ‚  a term of four years,  and  the public votes indirectly for the President.  The public votes for  congressionalRead More The Marginalization of Minority Groups in The Electoral System1362 Words   |  6 PagesThe marginalization of minority groups in the electoral system impedes a comprehensive representation by further entrenching and aggravating ethnic division. The lack of minority representation in political-decision making has limited the ability of a true representative democracy to come into fruition. The inconsistency of elected assemblies mirroring the population has decreased the representation of ethnic minorities and deepened the racial and ethnic cleavages. Reforming the electoral systemRead MoreThe Electoral College Is A Unique System That Elects The President Of The United States Essay1538 Words   |  7 Pagesenough to vote. You head to the nearest voting station and check the name of the person you think is most fit to be President of the United States. Heart filled with excitement, you put on your â€Å"I voted† sticker and head home to watch the election unravel. Your states votes were finally counted, and the presidential candidate you voted for lost by 1%. Your heart sinks as you realize all electoral votes for your state will go to the opposing candidate, and 48% of your population’s votes will be silencedRead MoreDemocracy Requires Participation Essay1021 Words   |  5 Pagestheir views are not represented by their elected government officials, and consequently, that they have no real power in their government. An anonymous Vermont farmer, when asked by an NPR reporter which presidential candidate he would be likely to vote for in the 2000 election, responded by stating that he honestly did not care who the president was because they were essentially all the same, and none of them would represent him effectively. nbsp; While American democracy is arguably theRead MoreThe Election Day Of Canada1628 Words   |  7 Pagesare always the same and the candidate he votes for never wins. One may think that he is just being a sore loser, but he has a very valid point. In Mr. Low’s riding, there are 3 main parties; Liberal, NDP, and Conservative. Mr. Low likes the Liberal candidate, but he knows he has no chance of winning, and the outcome is either the NDP or Conservative candidate. Mr. Low can tolerate NDP, but he really cannot stand Conservative, so if he were to vote he would vote for NDP, not because he genuinely wantsRead MoreThe British Electoral System Essay1203 Words   |  5 PagesThe British Electoral System In democratic states, electoral systems are of great importance. Elections give people the right to choose their government; ensure that governments represent the majority (or largest minority) of the people; ensure peaceful changes of government (stability); allow people with fresh ideas an opportunity to enter the political arena; confer legitimacy of government and allow the government to expect people to obey their rules. Unfortunately

Impacts of Microfinance on Grassroot Development a Case Study Uf the Ketu North District free essay sample

The question however, is that, how best is microfinance contributing to development especially among those who are influence by decisions of governments art the grassroots development. To answer this question, this research was conducted to assess the impact of microfinance in grass-root development in the Ketu North District of the Volta Region. Relevant literatures were reviewed to portray the idea of microfinance concepts, theories, approaches and its evolution in Ghana as well as International standards that that could be used to assess the impact of microfinance in the country. Information was gathered using structured questionnaires that were administered using a sample size of 100. The data was analysed using tables and percentages to assess the impact of microfinance in grass-root development in the Ketu North District of the Volta Region. It was found that, microfinance programs in the district have positively impacted the lives of beneficiaries and their communities. The program has been able to reduce poverty levels from 56% to 44. 8%. Also in terms of education, enrolments shot up both at the primary and junior high levels while drop-out rates keep falling. Literacy rates have also increased from 59. 1% to 67. 9%. Microfinance has also been able to create over 168 indirect jobs and 975 direct jobs in the district among the youth and women. It was however recommended that the Microfinance Institutions include Advisory services and Micro insurance to widen the impact base of their activities. Again they should consider refinancing existing loans and businesses instead of granting more loans. The The chapter ends with a look at the performance standards of microfinance in general. 2. 1 THEORETICAL ISSUES IN FINANCIAL SECTOR REFORM This section attempts to explain the financial sector reforms from theoretical point of view. Many developing countries have adopted various measures aimed at financial liberation in the recent past. The theoretical justifications are found in the writings of many economists starting from the works of McKinnon and Shaw in early 1970s. McKinnon and Shaw contends that the financial markets in the developing countries are repressed as a result of setoffs policies that  often take the form of various administrative controls and distort the domestic financial markets. Some of the widely used instruments of the financial repressions are ceilings on interest rates and credit, high reserve requirements, foreign exchange controls and many more. The adverse effects of financial repression are further aggravated by inflation. The major argument of the financ ial repression hypothesis is that, repression is mainly attributed to government interventions quantity rationing devices such as the use of selective credit policies to maintain low interest rates in situations of high inflations. In the 16 views of McKinnon and Shaw, the salient feature of a financially repressed economy is the interest rate control. The objective of low interest rate policy is to encourage investment particularly in the so called sectors of the economy. This is done directly by setting ceilings on loan rates, or indirectly, through ceilings on deposit rates, because banks which option funds cheaply will be able to lend cheaply. The real cost of low interest policy is however high. Interest rate controls create a distortion in the financial market by creating a gap between the supply and demand of loanable funds and creates incentives from nonproductive hedges such as gold jewelry, real estates and commodities. This causes a decline in money savings and therefore, in funds available for investment (Syed and Kabir 1996) MacKinnon (1973) suggests that, establishing positive real interest rates will lead to a higher rate of investment. Potential investors depend on their own finance in the absence of organized financial markets and must accumulate adequate money balance prior to their investment. High real deposits make the process of accumulation of money balance and physical capital complementary. (Syed and Kabir 1996) Thus, as stated by Acheampong and Mensah (2006) the adoption of low interest rates policy coupled with selective policies and expansionary monetary policies are indispensable for governments seeking to allocate resources to implement planning as well as to finance public sector deficit at low cost. Financial repression also stifles competition in the financial sector and limits the flow of loanable funds to sectors without regard to productivity and development. Some of the other effects of financial repressions according to Syed and Kabir (1996) are as follows: First, since there is an excess demand for funds at the prevailing interest rates, none economic consideration (political connection, bribery and corruption amongst others) takes priority over economic consideration in the allocation of available funds. Secondly, a ceiling on the loan rates encourages the banks to lend often to low quality investments. Thirdly, specialized institutions are created by governments to channel its financial resources to the 17 so called priority sectors of the economy. This also drains resources from the regulated banking sector. The McKinnon-Shaw school argues that financial liberalization and deepening enables interest and exchange rates to reflect relative scarcity, stimulates savings and discriminate more efficiently between alternative investment opportunities. This trend induces replacement of capital intensive processes but also provide elasticity of substitution between labour and capital. Financial deepening will therefore generate positive employment and distribution effects in favour of labour thus contributing to both high growth rate and more equitable distribution of income. (Fry 1998) In their view, the most important steps for the success is to attain a competitive free market equilibrium level of deposits rates that will maximize growth. First, it leads to an increase in real supply of credit and achieve a higher economic growth rate. Second, even if the loan rates were raised, it will mean greater efficiency per unit of investment thereby raising output sufficiently to upset the declining share of output allocated to investment that financial liberalization should be incorporated as part of the liberalization package emphasizing the benign effects of interest rates policy as a stabilization device, when an economy is repressed. They maintain that there is double advantage in initiating financial liberalization policies as part of liberalization because it avoids or at.

Foreign Investment Impact On Australian Residential Real Estate Market

Question: Discuss about the Foreign Investment Impact On Australian Residential Real Estate Market And Housing Affordability. Answer: Introduction: The growth of foreign residents in Australia has start participating in the purchasing of the residential houses. The purpose of this article is to analyse the impact of foreign investment on making affordability in the housing market. The supply of residential area is increasing with the demand of it from foreign investors. The price rate of the dwelling area is getting increased due to the increase of demand. The legislative laws are developed in Australia to promote local construction for the development of dwelling houses (KPMG Economics, 2017). The residential projects are purchased by foreign investors or domestic buyers. It influences the housing living condition in the Australia. The people of Australia are looking forward for investment in the residential area. The Gross domestic product rate of the Australia country is increased to a high extent due to the foreign investment from various sources in housing residential area. Background The increasing demand of the dwelling houses has resulted into the rise of price which is around 7.25 % every year. The analysis of the residential prices in the last ten years, it is found that the steady growth of 3% is increased. The price of the dwelling houses is increased near about 6 times from his actual price. The GDP of the country is increased due to the foreign investment in the residential area in Australia. The growth of economy helps in increasing the living condition of the people. The performance of the Australian investor is improving with the association and consideration of immigrant in the Australian policy of real estates (Masron and Kepili, 2016). The new opportunities are created for the property dealers and buyers. The foreign residents are also participating in the process of purchasing the houses (Sharpnel, 2016). The recent studies help in providing the information that 10 to 20% of the purchase of dwelling houses is done by the foreign investors. The popu lation explosion also increases the demand of dwelling houses for the local people and immigrants. Problem statement The major problem which exists with the housing investment is the increasing prices of the dwelling areas due to the increasing demand from foreign residents. The financial condition and stability of the residential people get disturbed with the investment in housing area. Aims and Objectives The aim of the research program is to analyse the impact of foreign investment in real estate market. The research helps in focusing the factors which are responsible for the increasing demand of residential houses. Research Questions The research questions which are designed for undertaking the research on impact of foreign investment are given below: What is the impact of foreign investment on the growth of real estates? Why the foreign investors are interested in investing the purchase of dwelling houses? Why there is a significant increase in the price of the dwelling houses? What is the relationship between foreign investment and the growth of GDP of Australia? Literature Review: The foreign investors invest their money in the purchase of the dwelling houses with the purpose of long term investment (Rogers and Koh, 2017). It has been seen that the price of the dwelling houses get increased with a very rapid rate. The volatile condition of the global market can result in the variation of prices of the residential area (Rahman, 2008). There are various factors which are responsible for the growth of foreign investment in real estate (Rohde, 2017). Resolution to the traditional problems: The investment in the real estate property opens the door for the new opportunity provided to the local constructor of the country. The new jobs are created for the local resident people which results into the increase of economic growth of the country. The Foreign investors are looking forward to invest in the real estate property of the Australian government. The GDP of the country get increased which results into the increase in livelihood income of the local people (Rogers, Wong, and Nelson, 2017). The growth of economy helps in increasing the living condition of the people. The performance of the Australian investor is improving with the association and consideration of immigrant in the Australian policy of real estates. The positive impact on the growth of the country can be seen with the involvement of foreign investment in the real estate sector. The decreasing rates of interest have motivated the foreign investor to invest in the Australian property. The recent studies help in providing the information that 10 to 20% of the purchase of dwelling houses is done by the foreign investors. Most of the people get located in the Australia from various locations such as New South Wales, and other (Standing committee on economics, 2014). Factors responsible for the growth of Residential area: The immigrant from various nation start participating the process of purchasing property to become the resident of Australia. The interest rate on housing is less so they can affordable invests their amount in the buying of the dwelling houses. The increasing demand of the houses has compelled the Australian government to provide authority to develop residential area. The local contractors are promoted for developing the residential building. The skilled workers and quality material are supplied to the contractor to develop a well-finished building to attract foreign investor to invest their money in purchasing the properties. The economy of the nation is increasing at a very high speed due to the association of foreign investor in the market of real estate. The performance of the Australian investor is improving with the association and consideration of immigrant in the Australian policy of real estates. The population explosion increases due to the increasing number of immigrants f rom different countries. The rate of foreign investment increases due to the demand placed by immigrants to get a dwelling house in the residential area of Australia. Problem Statement: Some economist shows interest to know the reason for high prices of the houses in the Australia. The increasing prices of the houses are due to the high demand of dwelling houses from the foreign investor and domestic purchaser. The major problem which exists with the housing investment is the increasing prices of the dwelling areas due to the increasing demand from foreign residents. The financial condition and stability of the residential people get disturbed with the investment in housing area. The people are looking forward to invest in the residential houses because it brings long term sustainability in their investment. Summary The study of the literature review helps in evaluating that the positive impact can be seen on the growth of the local people living standard due to the increasing growth of foreign investor in the real estate because it opens new door of employment in the country. The skilled workers and quality material are supplied to the contractor to develop a well-finished building to attract foreign investor to invest their money in purchasing the properties. The volatile condition of the global market can result in the variation of prices of the residential area. There are various factors which are responsible for the growth of foreign investment in real estate. The decreasing rates of interest have motivated the foreign investor to invest in the Australian property. The recent studies help in providing the information that 10 to 20% of the purchase of dwelling houses is done by the foreign investors. Research Methodology The qualitative research methodology is used for figure out the impact of foreign investment in the residential houses. The growth in the income of the local people had motivated them to invest into housing property. Research Methodology The research is designed by collecting data from various sources. The collected data is used for developing the sample design. Research Philosophy: Various researchers integrate their views for increasing demand of foreign investment. The positivism philosophy is used for resolving the complexity of the real world for managing investment with respect to the legal and political issues associated with the property (Gauder, 2014). The association of new thought and opinion for achieving the long term sustainability program motivate them to do investment in property. It is realistic approach for investment. The impact of legislation complexity and implication of it in solving the issues related to the property helps in increasing the property value. Research Methods and data sources Different research methods are used for the analysis of the research agenda which focuses on the impact of foreign investment on the real estate agency. The hypothetical testing of the data collected helps in analysing the profitability ratio of the Australian government. The analysis of the report helps in examining the validity of the project. Qualitative approach: The qualitative approach is used for collecting the qualitative data which is used for measuring the application of the theoretical data in the practical life. The result of the study helps in evaluating the facts of improvement which have been seen in the growth of the local people due to the inclusion of foreign investment (Georgieva, 2017). The livelihood incomes of the local people have been improved to a high extent. It helps in bringing stability in the living condition of the people. Theoretical Approach: The hypothetical testing of the data collected helps in analysing the profitability ratio of the Australian government. The analysis of the report helps in examining the validity of the project. Data collection method The primary data and secondary data required for completing the research study can be collected through survey, interviews, questionnaires, journals, articles, and magazines. The Survey on the site location helps in analysing positive and the negative impact on the local people due to the construction of the houses and residential building. The organization of the face to face interview helps in predicting the problem faced by the local people in the transformation of their houses due to the construction of new residential building for the foreign investor. The people are looking forward to invest in the residential houses because it brings long term sustainability in their investment (Wokker and Sweiringa, 2017). The economic conditions of the local people get increased with the implementation of foreign policies for construction. Summary The analysis of the theoretical data helps in evaluating the impact of foreign investment on the life and living standard of the local people. The growth of economy helps in increasing the living condition of the people. The performance of the Australian investor is improving with the association and consideration of immigrant in the Australian policy of real estates. Different techniques of data collection help evaluating the financial crisis or profit faced by the Australian government with the association of foreign investor in the purchasing market of the real estates. The reserve bank of Australia has provided very low rate of interest which the people has to give on account of re-payment to the bank (Feriedouni, and Tajaddini, 2016). The low rates of interest help in attracting new foreign investors towards the nation to purchase a property in the country. Conclusion The positive impact on the growth of the country can be seen with the involvement of foreign investment in the real estate sector. The GDP of the country get increased which results into the increase in livelihood income of the local people. The volatile condition of the global market can result in the variation of prices of the residential area. The new jobs are created for the local resident people which results into the increase of economic growth of the country. The price of the dwelling houses is increased near about 6 times from his actual price. The GDP of the country is increased due to the foreign investment in the residential area in Australia. References: Feriedouni, H., and Tajaddini, R. (2016). Foreign investment in residential real estate in Australia, housing prices and performance of real estate related sectors. 1st ed. [ebook]. Available at: https://businesslaw.curtin.edu.au/wp-content/uploads/sites/5/2016/07/panel-data-conference-foreign-investment-in-residential-real-estate-in-australia-housing-prices-and-performance-of-real-estate-related-sectors.pdf [Accessed 06 Apr. 2018]. Gauder, M. (2014). Foreign investment in residential real estate. 1st ed. [ebook]. Available at: https://www.rba.gov.au/publications/bulletin/2014/jun/pdf/bu-0614-2.pdf [Accessed 06 Apr. 2018]. Georgieva, V. (2017). The effect of foreign investment on housing prices in major Canadian cities. 1st ed. [ebook]. Available at: https://ruor.uottawa.ca/bitstream/10393/37177/1/Georgieva_Vania_2017_researchpaper.pdf [Accessed 06 Apr. 2018]. KPMG Economics. (2017). Housing affordability. 1st ed. [ebook]. Available at: https://assets.kpmg.com/content/dam/kpmg/au/pdf/2017/housing-affordability-sydney-melbourne-june-2017.pdf [Accessed 06 Apr. 2018]. Masron, T., and Kepili, E. (2016). Can Foreign investment in real estate improves host country affordability. 1st ed. [ebook]. Available at: https://web.usm.my/journal/aamjaf/aamjaf12022016/aamjaf12022016_1.pdf [Accessed 06 Apr. 2018]. Rahman, M. (2008). Australian housing market: causes and effects of rising price. 1st ed. [ebook]. Available at: https://eprints.usq.edu.au/4614/2/Rahman_2008.pdf [Accessed 06 Apr. 2018]. Rogers, D. and Koh, S. (2017). The globalization of real estates: the politics and the practice of foreign real estate investment. 1st ed. [ebook]. Available at: https://www.tandfonline.com/doi/full/10.1080/19491247.2016.1270618 [Accessed 06 Apr. 2018]. Rogers, D., Wong, A., and Nelson, J. (2017). Public perceptions of foreign Foreign real estate investment: intercultural relations in global sydney. 1st ed. [ebook]. Available at: https://www.westernsydney.edu.au/__data/assets/pdf_file/0009/1239723/RogersEtal2017_AustGeog.pdf [Accessed 06 Apr. 2018]. Rohde, N. (2017). The contribution of foreign real estate investment to housing price growth in Australian capital cities. 1st ed. [ebook]. Available at: https://onlinelibrary.wiley.com/doi/pdf/10.1111/abac.12110 [Accessed 06 Apr. 2018]. Sharpnel, B. (2016). Australian housing outlook 2016- 2019. 1st ed. [ebook]. Available at: file:///C:/Users/acer/Downloads/J8232%20QBE%20Australian%20Housing%20Outlook%202016%202019.pdf [Accessed 06 Apr. 2018]. Standing committee on economics. (2014). Report on foreign investment in residential real estate. 1st ed. [ebook]. Available at: file:///C:/Users/acer/Downloads/Report%20Final.pdf [Accessed 06 Apr. 2018]. Wokker, C., and Sweiringa, J. (2017). Foreign investment and residential property price growth. 1st ed. [ebook]. Available at: https://static.treasury.gov.au/uploads/sites/1/2017/06/TWP_FI_Residential_Property_Price_Growth.pdf [Accessed 06 Apr. 2018].