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.

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.

Energy reform will hit investor confidence in Mexico

2021 ◽  
Keyword(s):  
United States ◽  
International Trade ◽  
Trade Agreements ◽  
The United States ◽  
Energy Prices ◽  
Content Type ◽  
Investor Confidence ◽  
International Trade Agreements ◽  
The Government ◽  
Energy Reform

Significance The government will appeal the rulings, which follow action by renewables firms. With constitutional battles over energy investments already unfolding, the future of Mexico’s energy framework has been thrown into turmoil. Impacts Increasing energy prices will probably push inflation above Banxico’s upper target limit of 4%. AMLO’s apparent disregard for international trade agreements will strain relations with the United States. AMLO’s pro-austerity fiscal stance could take a toll on his popularity.

Dominican Republic tourism begins fragile recovery

2021 ◽  
Keyword(s):  
Dominican Republic ◽  
Economic Recovery ◽  
Infrastructure Investment ◽  
Health Minister ◽  
Slow Recovery ◽  
Content Type ◽  
The Government ◽  
Investment Programme

Significance Accounting directly and indirectly for 16-17% of GDP in 2019, tourism is a major plank of the Dominican economy and will be key to broader economic recovery in 2021. With that in mind, the government is striving to encourage visitors back as soon as possible. Impacts Cruises are less important to the Dominican Republic than some smaller islands, but the slow recovery of that sector will be a blow. The president plans to launch an infrastructure investment programme later this year to help boost employment. The dismissal of Health Minister Plutarco Arias over alleged procurement irregularities may undermine government anti-corruption pledges.

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.

Immigration and Islam fears will fuel Germany's PEGIDA

2015 ◽  
Keyword(s):  
Cultural Identity ◽  
Economic Performance ◽  
Asylum Seekers ◽  
Drug Dealer ◽  
Content Type ◽  
Eu Member States ◽  
The United Kingdom ◽  
The Government ◽  
And Migration ◽  
German Cities

Significance PEGIDA, which was founded in October 2014 in Dresden by Lutz Bachmann, a convicted drug dealer and burglar, has established a pattern of weekly rallies attracting thousands of demonstrators across Germany, although its support is strongest in Dresden, the capital of Saxony. The January 5 rally mobilised a record 18,000 protesters, dwarfing the counter-demonstration of a few thousand people. Notwithstanding the strong resistance to PEGIDA in other German cities -- an estimated 30,000 counter-demonstrators marched on January 5 in Dresden, Stuttgart, Hamburg, Muenster, Berlin and Cologne -- the strength and persistence of the movement have sparked a debate in Germany and beyond about cultural identity and migration in an increasingly fractured and troubled region. Impacts The government may face challenges to reduce the number of asylum seekers, and could turn to other EU member states to ease the pressure. Concerns about immigration and cultural assimilation are decoupled from Germany's economic performance, which remains strong. Although manifested very differently, Germany, France and the United Kingdom are all showing signs of strain over immigration and Islam.

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.

Ciolos will aim to tackle Romania's developmental lag

2015 ◽  
Keyword(s):  
Minimum Wage ◽  
Infrastructure Investment ◽  
Economic Policies ◽  
Tax Collection ◽  
Content Type ◽  
Party Government ◽  
Education And Health ◽  
The Government

Significance The non-party government of former EU Commissioner Dacian Ciolos took office on November 17 after the Ponta government stood down. Much of the previous administration's budget projections have been carried over, but the new draft also raises spending on investment, education and health, widening the projected deficit to 2.95% of 2016 GDP from 1.8% in 2015. Impacts PSD could insist on the budget including a rise in the minimum wage, but the government wants to assess its impact first. Parliamentary parties back the government publicly, but are manoeuvring for advantage with an eye to elections in late 2016. Key economic policies include infrastructure investment, improved administrative standards and tax collection, and absorption of EU funds.

Weak consumption may thwart Slovak growth plans

2016 ◽  
Keyword(s):  
Infrastructure Investment ◽  
Gdp Growth ◽  
Industrial Output ◽  
Short Term ◽  
Fiscal Deficits ◽  
Consumption Growth ◽  
Content Type ◽  
Low Levels ◽  
The Government ◽  
The Eu

Subject The government's latest GDP expectations for 2016-19. Significance On September 19, days before surviving a parliamentary no-confidence vote, the government announced GDP projections for 2016-19, based on improvements in consumption growth and the labour market, where registered unemployment hovers at historically low levels. Despite its weakened position following the recent departure of junior coalition partner Siet, Smer-Social Democracy (SD) is upbeat about the prospects for robust GDP growth in 2016, revising its forecast upwards to 3.6% from 3.2%. Impacts Industrial output, GDP and inflationary pressures may pick up post-2018, as consumers spend more and auto industry investments create jobs. The government may miss its targets in the short term, but fiscal deficits should remain below the EU limit of 3% of GDP in 2016-18. More public-private partnerships, modelled on the Bratislava ring-road, plus EU funding, may support infrastructure investment after 2017.

Indonesia's new cabinet gives modest boost to economy

2015 ◽  
Keyword(s):  
Economic Performance ◽  
Central Government ◽  
Gdp Growth ◽  
Content Type ◽  
Investor Confidence ◽  
Vested Interests ◽  
Precipitous Decline ◽  
Resource Sector

Significance In a long-awaited move to stimulate the economy and restore investor confidence, Jokowi replaced five ministers and reassigned one. The reshuffle is not surprising given Indonesia's sub-par economic performance (4.7% GDP growth in the second quarter and 4.6% in the first); a precipitous decline of its currency (the rupiah has hit a 15-year low); a stalled infrastructure drive; and the declining popularity of the president. Impacts Central government infrastructure spending is likely to rise, boosting growth by late 2015 and early 2016. Vested interests within government will impede Jokowi's attempt to curb corruption, but future scandals will erode his popularity. Prospects for overhauling military-executive ties are grim despite the military's links to illicit activities in the resource sector.

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