scholarly journals The Place of Financial Markets in the Development Process: Evidence from Nigeria

2012 ◽  
Vol 4 (11) ◽  
pp. 649-659
Author(s):  
Ehigiamusoe Uyi Kizito
Keyword(s):  
Economic Development ◽  
Financial Markets ◽  
Industrial Development ◽  
Poverty Reduction ◽  
Development Process ◽  
Secondary Market ◽  
Policy Makers ◽  
Information Gap ◽  
Overall Performance ◽  
Capital Development

The paper examines the place of financial markets in the development process in Nigeria. The paper used descriptive approach and discovered that financial markets play fundamental role in the development process. However, the overall performance of the Nigeria’s financial market despite some expansion in recent times has been below its potential. In particular, as propellers of economic development, the markets have not been able to meet their goals such as accelerating industrial development, promoting the rate of investment, generating employment opportunities, providing services that help accelerate poverty reduction, promoting human capital development, and accelerating agricultural productivity. Some of the challenges confronting the Nigeria’s financial markets include; dearth of instruments and lack of market breadth and depth, the oligopolistic structure of the markets, dependence on government, slow growth of the secondary market and information gap and asymmetry. It was therefore recommended that the financial markets should be reformed and effectively harnessed as tools of economic development, and policy makers should create the enabling environment for financial markets to thrive to propel Nigeria to the path of development with a view to achieving Vision 20:2020.

scholarly journals A Critical Look at Ghana’s Human Capital Development Agenda: Where Do We Go From Here?

2019 ◽  
Vol 6 (2) ◽  
pp. 108-126
Author(s):  
Bill Buenar Puplampu
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Human Capital Development ◽  
Policy Makers ◽  
Development Agenda ◽  
Socio Economic Development ◽  
Capital Development ◽  
Implementation Gaps ◽  
Made In

This lecture explores the extent to which Ghana has paid sufficient strategic attention to the development of skills, competencies and capacities which would propel consistent socio-economic development. It argues that many initiatives and efforts have been made in the area of education. However these have been unfocused, disparate, not strategic and wasteful. Five policy and implementation gaps are identified and five recommendations are proffered for urgent consideration by policy makers.

scholarly journals Funding Arrangements for Small and Medium Scale Enterprises (SMEs) in Nigeria: An Assessment

2016 ◽  
Vol 4 (1) ◽  
pp. 1 ◽  
Author(s):  
Nwosu, M. Eze ◽  
Osuagwu, O. Eberechi ◽  
Abaenewe, Z. Chibueze ◽  
Ndugbu, M. Osondu ◽  
Sani F. Ayegba
Keyword(s):  
Industrial Development ◽  
Poverty Reduction ◽  
Development Process ◽  
Sampling Method ◽  
Living Standards ◽  
Operating Environment ◽  
Medium Scale ◽  
The Past ◽  
Employment Generation ◽  
Main Engine

<p><em>Small and Medium Scale Enterprises have been fully recognized by governments and development experts as the main engine of economic growth and a major factor in promoting development. They not only contribute significantly to improved living standards, employment generation and poverty reduction but also bring about substantial domestic or local capital formation and achievement of high levels of productivity and capability. A major gap in Nigeria’s industrial development process in the past years has been the absence of a strong and virile SME sub-sector. This study seeks to generally appraise and analyze the operating environment and circumstances of Small and Medium Scale Enterprises in Nigeria with a view to actually identifying why SMEs are not playing major roles in the Nigerian economy as in other economies. The random sampling method was employed and responses to the questionnaire were complemented with personal interviews of key operators. Analysis was undertaken using the Statistical Package for Social Sciences (SPSS). Findings revealed that SMEs have performed below expectation in the development of Nigeria economy due to a combination of factors. Thus, the paper recommends that the realization of these require a paradigm shift from paying lip service to a practical radical forward approach to issues and focus on this all-important sector of the economy and realistically addressing the identified problems by the key operators. </em></p>

Globalization and Economy

2021 ◽  
pp. 62-86
Author(s):  
Michael Torres-Franco
Keyword(s):  
Economic Development ◽  
Financial Markets ◽  
Financial Crises ◽  
Development Process ◽  
Developing Nations ◽  
Financial Globalization ◽  
The Social ◽  
Macroeconomic Indicators

Society in general has had a constant concern throughout its history and especially in recent years, where inequality has increased, and many more people live in poverty or in worse situations. Different economists have studied this situation and proposed solutions to it; governments have embarked on a constant fight to improve the economic and development conditions of the population, since this affects other indicators; but it looks like this battle is being lost globally. This chapter sought to analyze the dynamics of development in a series of countries through the analysis of different macroeconomic indicators, which were related to the financial crises of the last 15 years to determine the effect of the globalization of financial markets on nations in developing. The results of this analysis showed that although there is greater financial globalization, the crises have negatively affected the growth and economic development process of developing nations and have increased the social and economic gaps between countries.

scholarly journals Sustainable development in Ho Chi Minh City: Current status and policy implication

2018 ◽  
Vol 2 (1) ◽  
pp. 31-37
Author(s):  
Dinh Phi Ho ◽  
Le Quoc Nghi ◽  
Tran Thi Sen
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
World Economy ◽  
Development Process ◽  
Ho Chi Minh City ◽  
Current Status ◽  
Policy Makers ◽  
The Road ◽  
On The Road ◽  
Effective Development

HCMC has confirmed its role as an economic locomotive and effective development model for Vietnam and the Southern Key Economic Zone as well. In integrating actively into the world economy, HCMC’s biggest challenge in the coming decade is to secure a sustainable development. Examining sustainability of its economic development is also a challenge to researchers and policy-makers in Vietnam. Based on theories of development economics and data about HCMC economic development in 2011-2015, this research uses statistical description of data to estimate the development process in HCMC. We find that HCMC is yet not to secure a sustainable development but on the road to achieve this goal.

Inaugural Address

1995 ◽  
Vol 34 (4I) ◽  
pp. 313-318
Author(s):  
Makhdoom Shahab-Ud-Din
Keyword(s):  
Economic Development ◽  
Development Process ◽  
General Meeting ◽  
Inaugural Address ◽  
Great Pleasure ◽  
Annual General Meeting ◽  
Policy Makers ◽  
Economic Issues ◽  
The World ◽  
To Come

It is with great pleasure that I inaugurate the Eleventh Annual General Meeting of the Pakistan Society of Development Economists. I have noted with satisfaction the contribution this Society has made over the years to add to our knowledge about the importance of development economics, and particularly in comprehending adequately the multi-dimensional character of the development process and for framing fruitful policies to accelerate the rate of economic development. Above all, it has given an institutional shape to the meaningful dialogue between professional economists and policy-makers. I am delighted to see such a large number of distinguished economists from all over the world participating in the Society’s deliberations. Only the best results can be expected to come out of such objective discussions about some of the highly topical economic issues of our time. I wish to extend my appreciation to the Society for providing such an effective platform to economists, demographers, and anthropologists.

Formal International Institutions and the Regulation of Flows of Goods and Services

2017 ◽  
Author(s):  
Marc D. Froese
Keyword(s):  
Economic Development ◽  
Poverty Reduction ◽  
Uruguay Round ◽  
International Political Economy ◽  
Current System ◽  
Deep Roots ◽  
Policy Makers ◽  
Trade Regulation ◽  
Goods And Services ◽  
History Of

Trade governance rests upon certain economic assumptions and the ensuing political compromises made possible by the growth of an incremental legal consensus. The main economic assumptions are that trade will deliver upon the objectives of socio-economic development, stable, long-term employment opportunities and poverty reduction. These assumptions are theoretically sound, but are increasingly challenged by the complex political realities of global trade. The study of trade in the field of international political economy (IPE) has deep roots in the postwar disciplines of economics and political science. The literature on the history of trade regulation places the current system, with its emphasis on the legitimizing imprimatur of political power and the significance of binding treaty, into a more nuanced context in which present practices, while sometimes novel, are frequently older than most policy makers realize. In the two decades since the finalization of the Uruguay Round and the creation of the World Trade Organization (WTO), a host of significant issues have arisen as scholars and policy makers attempt to implement the WTO’s mandate and navigate the political waters of trade regulation as it relates to domestic law and policy. These include the set of issues raised by the broadening of trade regulation post-Uruguay Round to include trade related intellectual property rights and trade in services, the contentious issue of trade and economic development, and the issue of WTO reform.

scholarly journals KAPITAL SOSIAL DAN PEMBANGUNAN DI INDONESIA

2015 ◽  
Vol 2 (1) ◽  
pp. 75
Author(s):  
Mohammad Miftahusyaian
Keyword(s):  
Social Capital ◽  
Economic Development ◽  
Social Network ◽  
Poverty Reduction ◽  
Great Influence ◽  
Reciprocal Relationship ◽  
Bridging Social Capital ◽  
The Social ◽  
Party Ideology ◽  
Capital Development

<p><em>Social capital related with collective value in the social network which is growth-develop as the implication of reciprocal relationship that occur therein. Collective value is naturally creating and maintaining social capital. Increases, decreases, or the survival social capital   is depends on the collective values that exist in social network. In short, social capital is recognized has great influence from economic development and poverty reduction. In Indonesia to dig and take the hidden social capital need to be knitted trust of each element of this nation. Trust is media and first step to bind “Bridging Social Capital” of Indonesia. Ethic, religion, race, language, party, ideology, and other various primordial barriers should be fostered to strengthen social capital. Indonesia has been proven -through the struggle against the colonizer- that social capital in Indonesia is so “extraordinary”.</em></p><p><strong>Keywords: </strong><em>Social Capital, Development.</em></p><p><em> </em></p>

scholarly journals KAPITAL SOSIAL DAN PEMBANGUNAN DI INDONESIA

2014 ◽  
Vol 1 (1) ◽  
pp. 105
Author(s):  
Miftahusyaian Miftahusyaian
Keyword(s):  
Social Capital ◽  
Economic Development ◽  
Social Network ◽  
Poverty Reduction ◽  
Great Influence ◽  
Reciprocal Relationship ◽  
Bridging Social Capital ◽  
The Social ◽  
Party Ideology ◽  
Capital Development

<p>Social capital related with collective value in the social network which is growth-develop as the implication of reciprocal relationship that occur therein. Collective value is naturally creating and maintaining social capital. Increases, decreases, or the survival social capital is depends on the collective values that exist in social network In short, social capital is recognized has great influence from economic development and poverty reduction. In Indonesia to dig and take the hidden social capital need to be knitted trust of each element of this nation. Trust is media and first step to bind "Bridging Social Capital" of Indonesia. Ethic, religion, race language party, ideology, and other various primordial barriers should be fostered to strengthen social capital. Indonesia has been proven-through the struggle against the colonizer- that social capital in Indonesia is so “extraordinary”.</p><p>Keywords: Social Capital, Development</p>

PROVINCIAL DISPARITIES, CONVERGENCE AND EFFECTS ON POVERTY IN THAILAND

2015 ◽  
Vol 60 (02) ◽  
pp. 1550015
Author(s):  
SUPHANNADA LIMPANONDA
Keyword(s):  
Economic Development ◽  
Poverty Reduction ◽  
Development Process ◽  
Provincial Level ◽  
The Past ◽  
Per Capita ◽  
Geographical Dimension

Thailand's rapid economic development brought about remarkable wealth and poverty reduction over the past three decades. However, the problem of inequality continues to challenge Thailand's development process. The country has long been known for its concentration of growth in and around Bangkok. Despite that, studies on inequality focusing on geographical dimension have been limited. This paper therefore explores disparities as well as convergence in Gross Provincial Product (GPP)-per-capita over the past two decades. It also investigates growth determinants at provincial level. Finally, the disparities in poverty and the extent to which provincial growth and inequality affect poverty are analyzed.

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