Colombia's lorry strike to cause weeks of disruption

2016 ◽  
Keyword(s):  
Road Network ◽  
Agricultural Sector ◽  
Transport Sector ◽  
Transport Costs ◽  
Government Investment ◽  
Content Type ◽  
Industrial Action ◽  
Cargo Transport ◽  
Port Access ◽  
The Government

Significance The disturbances marked the 45th consecutive day of industrial action by the truckers' unions. Striking drivers have refused to transport cargo and have blockaded major transport routes and port access roads. Overland transport has been severely affected, with particularly negative implications for the country's agricultural sector. Negotiations between the government and representatives from the transport sector are ongoing, but have so far failed to resolve the situation. Impacts The strike will push up Colombia's already high cargo transport costs. Frustration with the effects of the strikes could lead to violence in some areas. Scarcity of agricultural products is anticipated to increase inflation to 7%, up from the earlier estimate of 6%. The action further highlights the shortcomings of Colombia's road network and will encourage government investment to improve it.

The problems facing agricultural sector in Zanzibar and the prospects of Waqf-Muzar’ah-supply chain model

Humanomics ◽  
2017 ◽  
Vol 33 (2) ◽  
pp. 189-210 ◽  
Author(s):  
Issa Salim Moh’d ◽  
Mustafa Omar Mohammed ◽  
Buerhan Saiti
Keyword(s):  
Supply Chain ◽  
Interest Rates ◽  
Financial Models ◽  
Agricultural Sector ◽  
Chain Model ◽  
Content Type ◽  
High Interest ◽  
Supply Chain Model ◽  
The Government ◽  
Clove Industry

Purpose This paper aims to identify the appropriate model to address the financial challenges in agricultural sector in Zanzibar. Since the middle of 1960, clove production has continually and significantly decreased because of some problems and challenges that include financial ones. The financial intermediaries such as banks, cooperatives and micro-enterprises provide micro-financing to the farmers with high interest rates along with collateral requirements. The numerous programmes, measures and policies adopted by the relevant parties to find out the solutions to the dwindling clove production have failed. Design/methodology/approach The authors will review and examine several existing financial models, identify the issues and challenges of the current financial models and propose an appropriate Islamic financing model. Findings The numerous programmes, measures and policies adopted by the relevant parties to find out the solutions to the dwindling clove production have failed. This study, therefore, proposed a Waqf-Muzara’ah-supply chain model to address the financial challenge. Partnership arrangement is also suggested in the model to mitigate the issues of high interest rates and collateral that constrains the financial ability of the farmers and their agricultural output. Originality/value The contribution of the agricultural sector to the economic development of Zanzibar Islands is considerable. As one of the important agricultural sectors, the clove industry was the economic backbone of the government of Zanzibar. This study is believed to be a pioneering work; hence, it is the first study that investigates empirically the challenges facing the clove industry in Zanzibar.

Agripreneurship development: a strategy for revamping Nigeria’s economy from recession

2017 ◽  
Vol 8 (4) ◽  
pp. 474-483 ◽  
Author(s):  
Innocent Otache
Keyword(s):  
Economic Crisis ◽  
Design Methodology ◽  
Agricultural Sector ◽  
Content Type ◽  
Current Economic Crisis ◽  
Leadership Failure ◽  
Oil Sector ◽  
The Government ◽  
Creativity And Innovation ◽  
Practical Implications

Purpose The purpose of this paper is to explore agripreneurship development as a strategy for economic growth and development. Design/methodology/approach Though a few related literature were reviewed, this paper relies heavily on the author’s viewpoint regarding how Nigeria can grow and develop its economy through agripreneurship development. Findings The present economic challenges that Nigeria is facing are blamed on overdependence on the oil sector, bad governance, corruption, leadership failure, policy inconsistency, overdependence on imported goods and ostensible neglect of the agricultural sector. Also, policymakers, economic analysts and the government have advocated strongly for diversification of the economy. Besides, there is a consensus among scholars, economic analysts and policymakers that “agriculture is the answer.” Research limitations/implications This paper addresses specifically one sector of the economy – the agricultural sector. On the other hand, economic crisis needs to be addressed holistically by resolving specific issues that confront different sectors of the economy. Practical implications This paper has some insightful policy and practical implications for the Nigerian Government and Nigerians. The government and Nigerians need to take practical steps to grow and develop the economy. On the part of the government, apart from the need to transform the agricultural sector by allocating enough funds to it, the government should establish well-equipped agripreneurship development centers and organize periodically agripreneurship development programmes for the main purpose of training and developing both current and potential agripreneurs who will be able to apply today’s agricultural techniques and practices which involve a great deal of creativity and innovation for a successful agribusiness. The federal government should integrate agripreneurship education into Nigeria’s education system. Similarly, the Nigerian people, particularly the youths or graduates should be encouraged to choose agribusiness as a career. Originality/value While previous papers have offered different solutions to the current economic crisis that Nigeria is experiencing, ranging from economic to structural reforms, this paper differs significantly from others by recommending specifically agripreneurship development as a strategy for revamping Nigeria’s economy from its current recession. Moreover, there is a dearth of literature on agripreneurship and agripreneurship development. This paper therefore fills the literature gap.

scholarly journals Agro-industrialisation and financial intermediation in Nigeria

2020 ◽  
Vol 11 (3) ◽  
pp. 443-456 ◽  
Author(s):  
Ngozi Adeleye ◽  
Evans Osabuohien ◽  
Simplice Asongu
Keyword(s):  
Agricultural Sector ◽  
Explanatory Power ◽  
Value Added ◽  
Annual Data ◽  
Industrial Output ◽  
Industrial Growth ◽  
Content Type ◽  
Long Run ◽  
The Government

PurposeThe study aims to analyse the role of finance in the agro-industrialisation nexus in Nigeria using annual data on manufacturing value added, agricultural value added and volume of finance availed to the agricultural sector from 1981 to 2015.Design/methodology/approachTo establish the presence of a long-run relationship, the error correction model and bounds cointegration techniques are employed. Likewise, the model is augmented to test whether the associated relationship between industrial output and agricultural output depends on access to finance by farmers with the inclusion of an interaction term.FindingsSome salient contributions to the literature are as follows: agriculture and finance are strong and positive predictors of industrialisation in the long run; in the short run, past realisations of industrial output and finance have significant asymmetric effects on industrial output; the explanatory power of agriculture decreases with the growth of the financial system; and the long-run results validate the role of finance in the agro-industrialisation nexus.Originality/valueGiven these findings, achieving growth in the agricultural sector that will induce desired industrialisation should be prioritised by the government through agencies such as the central bank, financial intermediaries and other stakeholders with a view to making agricultural financing a major concern for sustainable domestic consumption and industrial growth.

Nigerian oil rebound vital for economic recovery

2017 ◽  
Keyword(s):  
Niger Delta ◽  
Agricultural Sector ◽  
Economic Recovery ◽  
Content Type ◽  
Oil Companies ◽  
China And India ◽  
Relative Safety ◽  
Oil Sector ◽  
The Government ◽  
State Interventions

Significance Despite such controversies, the government is pinning hopes for economic recovery on restoring hydrocarbons production alongside longstanding plans to reduce the country’s dependence on oil. While large international oil companies are retreating to the relative safety of the deep offshore, the government will look to new partnerships with China and India for large infrastructure projects. Impacts Employment gains in the oil sector will be marginal compared to increases in the agricultural sector. Recent state interventions against oil majors are unlikely to deter future investment. Counter-insurgency operations against Boko Haram could distract from government peace efforts in the Niger Delta.

War could leave Libyans without water

2020 ◽  
Keyword(s):  
Water Supply ◽  
Agricultural Sector ◽  
Water Shortages ◽  
Water Supplies ◽  
Social Unrest ◽  
Content Type ◽  
The Government

Significance Greater Tripoli is particularly vulnerable to any disruption of the infrastructure, while the COVID-19 pandemic makes adequate water supply to the capital and other urban centres even more critical. Impacts Fresh disruption of water supplies would fuel public anger and exacerbate social unrest, probably causing more armed clashes. Service disruptions and unrest would worsen tensions within the Government of National Accord, further undermining its authority. Water shortages will also undercut efforts to develop Libya’s agricultural sector as a way of diversifying its oil-dependent economy.

scholarly journals How social capital affects willingness of farmers to accept low-carbon agricultural technology (LAT)? A case study of Jiangsu, China

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Chunhui Liu ◽  
Huawei Zheng
Keyword(s):  
Social Capital ◽  
Agricultural Sector ◽  
Agricultural Technology ◽  
Low Carbon ◽  
Local Networks ◽  
Close Link ◽  
Content Type ◽  
Production Behavior ◽  
The Government ◽  
The Village

Purpose Low-carbon agricultural technology (LAT) extension is a key strategy for the agricultural sector to address climate change. Social capital, which consists of social networks, trust and norms, can play an active LAT extension role. This paper aims to analyze the mechanism of the role of social capital in the process of LAT extension. Design/methodology/approach Questionnaire data from six counties in Jiangsu, China, were used to measure social capital and analyze its effect on LAT extension using logistic regression. Data from 27 interviews were used to analyze the LAT extension experiences and problems. Findings LAT is mainly deployed by the government to farmers and distributed among them. In this process, the village officials who form parts of the government’s composition and the villagers play a dual role that facilitates a close link between them and the farmers and ensures LAT integration. However, social norms did not play a significant role in the process. Practical implications Farmers’ acceptance of LAT is based solely on the trade-off between local networks’ benefits and trust in local villagers and village officials. LAT-related laws and technical measures, thus are essential to strengthen LAT practices’ authority and incorporate LAT-based agricultural production as the norm of production behavior. Originality/value This paper provides an insight into the process and essence of farmers’ acceptance of LAT, which provides theoretical lessons for the LAT extension in China and indeed other developing countries.

Nigerian agricultural growth softens oil shock

2015 ◽  
Keyword(s):  
Food Production ◽  
Agricultural Sector ◽  
Government Policies ◽  
Content Type ◽  
Agricultural Growth ◽  
Agricultural Transformation ◽  
The Past ◽  
Oil Revenue ◽  
Oil Shock ◽  
The Government

Subject The outlook for Nigeria's agricultural sector. Significance The success of government policies on agriculture was central to the Finance Ministry's reassurances on Nigeria's ability to weather the oil price shock and increase non-oil revenue. The government has presided over a marked increase in food production over the past four years under the Agricultural Transformation Agenda (ATA), arguably making it one of the main policy achievements of the Goodluck Jonathan administration. Impacts Commercial interest in African agribusiness often falls short given the difficulty of making smallholders competitive in dislocated markets. Input subsidy policies (fertiliser, seeds) often remain inseparable from political appeals to rural electorates. Such policies are not always amenable to 'transformative' interventions -- and in some cases, will actively distort them.

Weather clouds agricultural outlook in Argentina

2017 ◽  
Keyword(s):  
Agricultural Sector ◽  
Fiscal Deficit ◽  
Agricultural Export ◽  
Content Type ◽  
Export Taxes ◽  
The Government

Subject Outlook for the agricultural sector. Significance Floods and drought affecting Argentina’s agricultural heartland could lead to a reduction of 1.3 million hectares in the previously estimated sowing area (34.3 million hectares) for the 2016-17 harvest. Impacts The government expects GDP to expand by 3.5% this year, after an estimated 2.3% decline last year. The fiscal deficit will delay further cuts in agricultural export taxes. This harvest will not achieve the record output reached last season.

Philippines jobs and wages issues could hit government

2017 ◽  
Keyword(s):  
Economic Performance ◽  
Agricultural Sector ◽  
Infrastructure Investment ◽  
Tax Reforms ◽  
Content Type ◽  
Investor Confidence ◽  
Tax Amnesty ◽  
Land Disputes ◽  
Macroeconomic Indicators ◽  
The Government

Subject Economic policy challenges facing the government. Significance President Rodrigo Duterte’s administration soon enters its eleventh month. The president campaigned on greater infrastructure investment and more equitably spread economic growth, among other pledges. So far, most macroeconomic indicators are either holding steady or improving; early worries about political disruption, underpinned by a weakening stock market and exchange rate, have also eased. Yet inflation and unemployment numbers are rising, and are highlighting problems in the agricultural sector. Impacts Interest rate increases could be on the horizon. The legislature’s proposal for a tax amnesty is unlikely to prosper. Failure to implement tax reforms would undermine business and investor confidence. Failure to develop infrastructure effectively, such as due to land disputes, could hit Philippine economic performance. Rising public calls to focus on the economy over the ‘drugs war’ are possible, putting pressure on Duterte politically.

Public investment and inclusive growth in Africa

2020 ◽  
Vol 47 (12) ◽  
pp. 1669-1691
Author(s):  
Opeoluwa Adeniyi Adeosun ◽  
Philip Akanni Olomola ◽  
Adebayo Adedokun ◽  
Olumide Steven Ayodele
Keyword(s):  
Fiscal Policy ◽  
Public Investment ◽  
Inclusive Growth ◽  
Government Investment ◽  
Automatic Stabilization ◽  
Content Type ◽  
Long Run ◽  
Short Run ◽  
The Government ◽  
Productive Employment

PurposeThe increasing debate on the viability of broad-based productive employment in stimulating the participatory tendencies of growth makes it instructive to inquire how the African “Big Five” have fared in their quests to ensure growth inclusiveness through public investment-led fiscal policy.Design/methodology/approachTime varying structures and nonlinearities in the government investment series are captured through the non-linear autoregressive distributed lag, asymmetric impulse responses and variance decomposition estimation techniques.FindingsStudy findings show that positive investment shocks stimulate growth inclusiveness by enabling access to opportunities through job creation and productive employment for the populace; this result is evident for Morocco and Algeria. However, there is a non-negligible evidence that shocks due to decline in the government investment manifest in insufficient capital stocks and limited investment opportunities, impede access to opportunities by the populace, hinder labour employability and make growth less inclusive. Furthermore, all short-run findings corroborate long-run results regarding the reaction of inclusive growth to positive investment shocks with the exclusion of South Africa; which, unlike its long-run finding, shows that shocks due to increases in investment can foster growth inclusiveness. Also, in respect to short-run negative investment shocks, Nigeria is the only country that does not align its long-run findings.Practical implicationsThat public investment shocks make or mar inclusive growth effectiveness shows the need for appropriate fiscal policy consolidation and automatic stabilization guidelines to ensure buffers against shocks and to enhance government investment generation efficiency for a sustainable inclusive growth process that is more participatory in Africa.Originality/valueThis study is the first to accommodate possibilities of shocks in the inclusivity of growth analysis for the five biggest African economies which jointly account for over half of the recorded growth in the continent. As such, there is quantitative evidence that government investment is a potent determinant of growth inclusiveness and it is susceptible to structural changes and time variation of shocks.

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