Impossible Theorem and Possibilities of Development Studies

2020 ◽  
Vol 5 (2) ◽  
pp. 133-148
Author(s):  
Bhabani Shankar Nayak
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Social Economic ◽  
Impossibility Theorem ◽  
Development Studies ◽  
Economic Growth And Development ◽  
Model Driven ◽  
Cultural Transformations ◽  
The World

This article evaluates the ‘impossibility theorem’ of ‘development studies’. It is imperative to reject the ‘impossibility theorem’ based on essentialist perspectives and performative indicators of economic growth and development. It is necessary to revive the radical promise of ‘development studies’ as a discipline to address the issues and predicaments of people and their societies around the world. A simple rejection of the ‘impossibility theorem’ is not possible unless ‘development studies’ reasserts itself as a critical discipline to analyse, understand and guide social, economic and cultural transformations based on historical experiences. The article argues that ‘development studies’ have to be free from the influences of economics and its model-driven logic and revive its emancipatory language of transformation in our society.

scholarly journals SMEs and product mix decisions: fact or fiction

2016 ◽  
Vol 14 (3) ◽  
pp. 608-616
Author(s):  
Michael C. Cant ◽  
Safura Mohamed Kallier ◽  
Johannes A. Wiid
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Growth And Development ◽  
Driving Force ◽  
Job Creation ◽  
Jel Classification ◽  
Product Mix ◽  
Economic Growth And Development ◽  
The World ◽  
The Right

Research over the years has shown that in order for any business to survive, the correct product mix must be offered to the market. If the product does not satisfy the needs of the market, its reason for existence can be questioned. This principle applies to all businesses – big or small. The question arises if SMEs adhere to this fact and, if so, how they go about doing this. SMEs over the world make huge contributions to economic growth and job creation and are seen to be a driving force for economic growth and development in any economy. In the highly competitive environment that SMEs operate in, selecting the right merchandise for the right customer is important and, in most instances, its ability to survive or perish. This study aimed to determine if SMEs in South Africa make decisions regarding the product mix and, if so, if they conform to different profiles regarding the decisions that they make. A questionnaire was used to collect the data and was sent to SMEs around South Africa operating in different industries. The results indicated that SMEs in South Africa consider product characteristics, consumer behavior and strategic aspects when making product mix decisions. Keywords: merchandising, product, SMEs, product mix, business, South Africa. JEL Classification: M00, M300, M310

Impact of FDI on GDP: A Comparative Study of India and China

2019 ◽  
Author(s):  
Arjun Hans ◽  
Dr. Farah Choudhary
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Comparative Study ◽  
Growth And Development ◽  
Market Size ◽  
Fdi Inflows ◽  
Economic Growth And Development ◽  
Coefficient Of Correlation ◽  
The World ◽  
India And China

FDI has been a catalyst for channelizing economic growth and development in a country. India and China are among the most attractive countries in the world to invest according to a recent UNTCAD survey. Domestic market size has been the most important factor responsible for investors preferring china. India is performing a better job than China in terms of utilization of resources on the larger scale. Though the FDI inflows of India are comparatively lower but the percentage growth in FDI inflows through these years have been dominating the percentage growth rate of FDI inflows of China. The figures we get from World Investment Report 2016 (UNTCAD) disclose that India’s inward stock makes a higher percent of its respective GDP which implies the better and optimum contribution of FDI into GDP. FDI’s greater contribution in the GDP and overall economy can attract more FDI inflows as compared to the lesser contribution in the GDP. We used Karl Pearson’s coefficient of correlation for correlating the values of FDI and GDP for India and China. It suggested a greater contribution of FDI into the GDP of India as compared to that of China’s.

scholarly journals Nexus between Foreign Remittance and Economic Growth in Bangladesh

2019 ◽  
Vol 1 (1) ◽  
pp. 17-22
Author(s):  
Hamidul Islam ◽  
Zulkornain Yusop ◽  
Md. Farjin Hasan ◽  
Mohammad Sahabuddin
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Growth And Development ◽  
Capital Inflows ◽  
Foreign Direct Investments ◽  
Direct Impact ◽  
Economic Growth And Development ◽  
Indirect Transmission ◽  
The World ◽  
Sources Of Capital

Objective: The aim of this study review the current literature for determining the nexus between foreign remittance and economic growth in Bangladesh. Foreign remittance plays a pivotal role for economic growth in developing countries. It has taken a considerable attention to promote economic development compared to others sources of capital inflows such as aids, loans and foreign direct investments due to direct impact on socio-economic acceleration in a country. As a developing country, Bangladesh is one of the top 10 remittance-recipient countries in the world. Recently, the trends of remittance inflow are shrinking due to geopolitics and Middle East crisis. Methodology: Previous studies were reviewed, made literature matrix for findings literature and methodological gaps. Results: The evidences in the literature reveal that the nexus between foreign remittance and economic growth is inclusive and ambiguous for direct or indirect transmission channels through the inclusion of other variables in the analysis as financial development, investment, trade, consumption and poverty alleviation. Implications: Therefore, remittances inflow not only enhances economic growth and development but also reduces poverty in the labor exporting country.

Relevance of Entrepreneurship in TVET

2020 ◽  
pp. 779-801
Author(s):  
Charles O. Ogbaekirigwe ◽  
Ugochukwu Chinonso Okolie
Keyword(s):  
Economic Growth ◽  
Resource Management ◽  
Private Sector ◽  
Growth And Development ◽  
The Political ◽  
Complex Nature ◽  
Political Leaders ◽  
Men And Women ◽  
Economic Growth And Development ◽  
The World

The dynamic and complex nature of societies all over the world, with the evident failure of various levels of government and the private sector to completely solve the nagging problems of man, especially the down trodden, and less privileged, has made greater, the need for specially created and committed men and women to dedicate and sacrifice their resources to cover the gaps created by such failure. On the side of governments, perhaps, the failure result from insufficient fund caused by inadequate or poor resource management, corruption, or share insensitivity of the political leaders. This presented opportunity for citizens to create their own wealth and attempt solving their problems. This chapter therefore presented the importance of entrepreneurship programme in TVET as a means of equipping our youths to be self-reliant, capable of solving their problems and contribute to economic growth and development of their countries.

The Nigerian Capital Market in an Era of Privatisation

1997 ◽  
Vol 1 (2) ◽  
pp. 45-54 ◽  
Author(s):  
Samson E. Edo
Keyword(s):  
Economic Growth ◽  
Large Volume ◽  
Capital Market ◽  
Growth And Development ◽  
Stock Exchange ◽  
Equity Market ◽  
Economic Growth And Development ◽  
The World ◽  
Emerging Capital Markets ◽  
The Capital Market

The Nigerian Capital Market achieved a significant growth during the period of privatisation (1988-1993). Through the process of privatisation, a large volume of shares was transferred from government to individual and institutional investors. The shares were offered for sale through the capital market either by placement or quotation at the Stock Exchange. As a result, the capital market expanded in terms of facilities and activities as shown by various indicators. In the same period, Nigeria entred the global equity market as one of the emerging capital markets in the world. It also became one of only four African capital markts to be so acknowledged. Despite these encouraging developments, its potentials for enhancing economic growth and development are yet to be fully exploited. In view of this, policy recomendations have been proffered to further enhance the capital market in readiness for its role in economic growth and development.

scholarly journals Contributions of creative industry startups to the professionalization of this sector in Brazil

2021 ◽  
Author(s):  
Lara Alves Rosa Gomes ◽  
Alber Francisco Neto ◽  
Rafaela Landim Gomes Siqueira ◽  
Pompílio Guimarães Reis Filho
Keyword(s):  
Economic Growth ◽  
Best Practices ◽  
Growth And Development ◽  
Innovation Management ◽  
Creative Industry ◽  
Management Framework ◽  
Economic Growth And Development ◽  
Goods And Services ◽  
The World ◽  
Consumer Habits

Startups are changing consumer habits for goods and services around the world as quickly create and deliver value by solving society latent demands. In creative industry, startups are an important vector for the propagation of this movement, however, despite the vast Brazilian potential, there are several challenges related to the lack of training in management and innovation for this industry gain strength. Thus, this study aims to develop, apply and evaluate an innovation management framework based on the best practices of successful startups in the Brazilian creative industry. To this end, three macro research steps will be completed, initially the understanding of the explored context, then the first version of the product will be developed and, finally, the evaluation and improvement of the product will be carried out based on the feedbacks. As a result, it is expected to help the professionalization process of other startups and companies in this sector in Brazil, as this new economic model (creative, social and inclusive) has proved to be an exponent of economic growth and development around the world.

scholarly journals Influence of Education towards Achieving Sustainable Economic Growth and Development in Nigeria : Considerations, Challenges and the Way Forward

2019 ◽  
pp. 115-124
Author(s):  
Usman Mallam Hussaini
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Social Economic ◽  
Economic Status ◽  
Education Sector ◽  
Development Programs ◽  
Economic Growth And Development ◽  
Factors Influencing ◽  
Substantial Investment ◽  
Sustainable Economic Growth

Education is one of the essential leading factors influencing the sustainable economic growth and development programs in first class countries, this is because they give it the needed priority and required attention. No country is said to be ready for economic growth, progress, development and sustainability without focusing on substantial investment in human capital. Economy of Nigeria will surely become more productive if the proportion of educated citizens increases and most importantly if government is ready to offer them proper attention. Essentially, government should be aware that education sector needs to be standardized and education at all levels must be accessible and affordable by all individual citizens regardless of their socio-economic status. Considerably, government should be aware that economic growth and development will be achieved through education (technical and vocational skills) based on standardized and acceptable social, economic and environmental dimensions. All the stakeholders in Nigeria must actively play their roles towards achieving this purpose. Although, there is need for government’s practical determination, accountability, transparency, equitability and integrity as well as discipline towards proper monitoring of resources and the budget allocated for the education sector.

The Business Idea-Individual Dyad

2019 ◽  
pp. 91-105
Author(s):  
Oscar Javier Montiel Méndez
Keyword(s):  
Economic Growth ◽  
Literature Review ◽  
Growth And Development ◽  
Positive Impact ◽  
Assistance Program ◽  
Economic Growth And Development ◽  
Significant Growth ◽  
The World ◽  
Entrepreneurial Competencies ◽  
Psychological Assistance

Entrepreneurship has been considered a significant factor for socio-economic growth and development, and there has been a significant growth in the education on entrepreneurship in the world. The present study provides the experiences of different actors on the implementation of a psychological assistance program to new entrepreneurs in a university business incubator as well as its impact on them. The findings suggest that this program, in its time the first or one of the first of its kind as far as the literature review suggested, had a positive impact, gives entrepreneurs a space to reflect, motivation and perseverance, allows them to see themselves as integral and thus help to improve the chances of success of the startup by learning key psychological entrepreneurial competencies.

Relevance of Entrepreneurship in TVET

2017 ◽  
pp. 311-333 ◽  
Author(s):  
Charles O. Ogbaekirigwe ◽  
Ugochukwu Chinonso Okolie
Keyword(s):  
Economic Growth ◽  
Resource Management ◽  
Private Sector ◽  
Growth And Development ◽  
The Political ◽  
Complex Nature ◽  
Political Leaders ◽  
Men And Women ◽  
Economic Growth And Development ◽  
The World

The dynamic and complex nature of societies all over the world, with the evident failure of various levels of government and the private sector to completely solve the nagging problems of man, especially the down trodden, and less privileged, has made greater, the need for specially created and committed men and women to dedicate and sacrifice their resources to cover the gaps created by such failure. On the side of governments, perhaps, the failure result from insufficient fund caused by inadequate or poor resource management, corruption, or share insensitivity of the political leaders. This presented opportunity for citizens to create their own wealth and attempt solving their problems. This chapter therefore presented the importance of entrepreneurship programme in TVET as a means of equipping our youths to be self-reliant, capable of solving their problems and contribute to economic growth and development of their countries.

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