scholarly journals Foreign Direct Investment in Bangladesh: Analysis of Policy Framework, Impact, and Potential

2021 ◽  
pp. 60-82
Keyword(s):  
Skill Training ◽  
Business Environment ◽  
Policy Framework ◽  
Monetary Incentives ◽  
Fdi Inflows ◽  
Digital Architecture ◽  
Secondary Sources ◽  
One Stop ◽  
Forward Linkage ◽  
Investment Service

The paper examines the policy framework toward FDI including monetary and non-monetary incentives offered to attract FDI, analyzes the trend and sources of and the sectors attracting FDI inflows, and the potential for FDI in Bangladesh. The analysis is based on data collected both from primary and secondary sources. Major sectors attracting FDI include RMGs, power, textile and wearing, telecommunications, banking, gas, and petroleum. The analysis shows that fiscal/nonmonetary incentives alone and competitive advantage in factor endowment (cheap labor) are not enough to attract additional FDI into Bangladesh. The key is to adopt proactive policies for creating and maintaining an FDI-friendly business environment in the country Bangladesh. For attracting more FDI into Bangladesh, the efforts need to include, among others, increased infrastructure spending especially in digital architecture, creating functional one-stop investment service center, emphasis on skill training to facilitate technology transfer, targeted measures to attract FDI into backward and forward linkage industries, participation in regional and global value chains.

scholarly journals IMPLEMENTASI PELAYANAN TERPADU SATU PINTU DALAM MEWUJUDKAN PELAYANAN PRIMA DI KABUPATEN TRENGGALEK

2021 ◽  
Vol 5 (2) ◽  
pp. 201
Author(s):  
Berlian Tyasotyaningarum ◽  
Arsita Putri
Keyword(s):  
Data Collection ◽  
Program Implementation ◽  
Completion Time ◽  
Qualitative Method ◽  
Integrated Services ◽  
Community Satisfaction ◽  
Secondary Sources ◽  
Excellent Service ◽  
One Stop ◽  
Investment Service

Abstrak Penelitian ini menggunakan metode kualitatif, penelitian ini digambarkan secara jelas dan mendetail terkait implementasi (PTSP) dalam mewujudkan pelayanan prima di Dinas Penanaman Modal Dan Pelayanan Terpadu Satu Pintu Kabupaten Trenggalek. Data diperoleh dari sumber primer dan sekunder. Informan dalam penelitian ini terdiri dari empat (4) informan kunci, tiga (3) informan pendukung, dan adapun teknik pengumpulan data dalam penelitian ini dengan observasi, wawancara, dokumentasi. Hasil penelitian menunjukan secara keseluruhan Implementasi PTSP di Dinas Penanaman Modal Dan Pelayanan Terpadu Satu Pintu untuk kepengurusan pelayanan perizinan sudah dilakukan sesuai dengan SOP dan regulasi yang ada. Komunikasi yang dilakukan antar atasan dan bawahan tentang implementasi juga sudah sesuai dengan aturan, dan komukasi yang dilakukan dengan masyarkat pun juga sudah menyeluruh. Serta untuk waktu penyelesaian, dan biaya terkait pelayanan perizinan juga sudah diatur sesuai dengan SOP yang sudah berlaku. Dilengkapi juga berbagai fasilitas yang lengkap yang ada di Dinas Penanaman Modal Dan Pelayanan Terpadu Satu Pintu sebagai penunjang kepuasan dan kenyamanan masyarakat. Kata Kunci: Implementasi Progam, PTSP, Pelayanan Prima. Abstract This study uses a qualitative method, this research is described clearly and in detail related to the implementation (PTSP) in realizing excellent service at the Office of Investment and One Stop Integrated Services, Trenggalek Regency. Data obtained from primary and secondary sources. The informants in this study consisted of four (4) key informants, three (3) supporting informants, and the data collection techniques in this study were observation, interviews, and documentation. The results of the study show that the overall implementation of PTSP in the Office of Investment and One Stop Integrated Services for the management of licensing services has been carried out in accordance with existing SOPs and regulations. Communication between superiors and subordinates regarding implementation is also in accordance with the rules, and communication with the community is also comprehensive. As well as for the completion time, and costs related to licensing services have also been regulated in accordance with the SOP that is already in effect. It is also equipped with various complete facilities available at the Investment Service and One-Stop Integrated Service as a support for community satisfaction and comfort. Keywords: Program Implementation, PTSP, Excellent Service.

Corruption as “one‑stop‑shop”: theory and empirical analysis

2018 ◽  
pp. 32-51
Author(s):  
R. Yu. Kochnev ◽  
L. I. Polishchuk ◽  
A. Yu. Rubin
Keyword(s):  
Comparative Analysis ◽  
Business Environment ◽  
Enterprise Performance ◽  
Double Jeopardy ◽  
One Stop ◽  
The Commons ◽  
Public Production ◽  
Performance Project ◽  
The Impact ◽  
Sector Theory

We present the comparative analysis of the impact of centralized and decentralized corruption for private sector. Theory and empirical evidence point out to a “double jeopardy” of decentralized corruption which increases the burden of corruption upon private firms and weakens the incentives of bureaucracy to provide public production inputs, such as infrastructure. These outcomes are produced by simultaneous free-riding and the tragedy of the commons effects. The empirical part of the paper utilizes data of the Business Environment and Enterprise Performance project.

A NEW ERA FOR MANAGEMENT ACCOUNTANTS IN NIGERIA: A GUIDE TO ACHIEVEMENT OF ENHANCED ORGANIZATIONAL PERFORMANCE AND SUCCESS

2021 ◽  
Vol 1 (1) ◽  
pp. 35-43
Author(s):  
MARYAM ABDULLAHI HABIB
Keyword(s):  
Organizational Performance ◽  
Business Environment ◽  
Current Situation ◽  
Organisational Performance ◽  
New Era ◽  
Secondary Sources ◽  
Management Accountants

Management accountants, in the conventional and contemporary age, have contributed to the development of organisations with regards organisational performance and success which has proven to be latent in Nigeria. The differences in development of organisational performance are dependent of the factors which have influenced both facets of roles of management accountants in Nigeria. This study compares the conventional and contemporary roles of management accountants and their contribution towards enhanced organisational performance and success in Nigeria. Secondary sources were analysed and information was gathered in the bid to produce literature on the issue of concern. The study shows that even with its current situation, management accountants, to varying extents, contribute to organisational performance and success. The study serves as a steer to academicians, potential employees, practicing management accountants and students in ensuring that these roles move with changes in the business environment for the sake of organisational performance and success.

scholarly journals Foreign Direct Investment - Growth Linkage in Sub-Saharan Africa: Is Governance a Mediating Factor?

2019 ◽  
Vol 6 (2) ◽  
pp. 111-129
Author(s):  
Fisayo Fagbemi ◽  
Kehinde Mary Bello
Keyword(s):  
Economic Growth ◽  
Fixed Effects ◽  
Political Stability ◽  
Business Environment ◽  
Mediating Effect ◽  
Sub Saharan Africa ◽  
Policy Framework ◽  
Investment Efficiency ◽  
African Countries ◽  
Sub Saharan

In sub – Saharan Africa, weak institutions and the rising concern for improved business environment offer considerable leverage for enhancing the effectiveness of institutional framework, capital inflows, and public investment efficiency. These have put SSA in the global spotlight in recent times. Hence, the study examines the mediating effect of governance on FDI – growth nexus in 35 SSA countries between 2002 and 2017 using panel data techniques (Pooled OLS, Fixed Effects, and Panel-Corrected Standard Error’ (PCSE) estimation) and the Dynamic One – Step Difference and System GMM. Results indicate that control of corruption, political stability and regulatory quality, including governance composite index, have a positive and significant effect on economic growth, suggesting that institutions have a salutary impact on SSA economies. The findings further show that FDI inflows adversely influence growth owing to insufficient absorptive capacity that could enhance FDI effectiveness in the region. More importantly, the pervasiveness of poor governance in SSA is identified as a critical case that undermines the development of the nexus between FDI and economic growth. Thus, the study suggests that FDI – growth linkage would be enhanced by promoting a strong institutional environment that offers a good mechanism for attaining the actual FDI spillover potential through a policy framework that points the path towards cost-effective measures in SSA. Also, there should be core investment policies across African countries that would induce the private sector in consolidating government efforts and resources aimed at improving international competitiveness by diversifying the region’s economies away from a protracted commodity – based.

Anti-money laundering law and policy as a double edged sword

2020 ◽  
Vol 23 (4) ◽  
pp. 899-912
Author(s):  
Norman Mugarura
Keyword(s):  
Money Laundering ◽  
Financial Institution ◽  
Business Environment ◽  
Security Issue ◽  
Patriot Act ◽  
Online Data ◽  
Content Type ◽  
Developed Economies ◽  
Secondary Sources ◽  
Financing Of Terrorism

Purpose Regulators have a duty to enforce anti-money laundering (AML) and countering financing of terrorism regulation. However, in doing so, they should not to be overzealous especially in carrying out investigations into suspicious money laundering transactions. This does not mean that oversight agencies should not carry out the required investigations with due diligence. This study aims to propose that banks cannot be allowed to operate in a lawless environment; however, there is a need ensure that businesses are able to operate with minimal regulatory interference. Design/methodology/approach Data was collected from primary and secondary sources such as Uganda’s Anti-Money laundering Act 2013 (amended 2017), Patriot Act 2001, Proceeds of Crime Act 2000 International legal instruments, case law, books, websites, journal papers, policy documents and scholarly debates and evaluated to foster the objectives of the paper accordingly. The paper has also been enriched by empirical experiences of countries in Europe, Africa and within countries on money-laundering regulation and its intricacies. There was a wealth of online data sources and in print, which were reviewed and internalised to foster the objectives for writing the book. Findings Regulation of businesses against money laundering and financing of terrorism imposes a heavy cost burden on poorer countries and should be funded by developed economies for some countries to easily operate desired International AML standards. It also needs to be noted that banks cannot be allowed to operate in a lawless business environment, which makes money laundering an international and national security issue. Originality/value The thesis of this paper was drawn from the author’s presentation to security agencies in Kampala in August 2019. In his presentation, the author opined that investigations into money-laundering offences should be triggered when a financial institution forms suspicions of potential money-laundering offences to have been committed. Some of the questions he sought to answer during the presentation was whether sharing information on “accountable persons or the regulated sector” in Uganda’s AML 2013 with newspapers before investigations are concluded does not amount to tipping off presumed money-laundering culprits? How should investigations be conducted?

Role of FATF on financial systems of countries: successes and challenges

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nankpan Moses Nanyun ◽  
Alireza Nasiri
Keyword(s):  
Money Laundering ◽  
Task Force ◽  
Evaluation Process ◽  
Peer Pressure ◽  
Policy Framework ◽  
Financial Systems ◽  
Content Type ◽  
Secondary Sources ◽  
Adoption And Implementation ◽  
Successes And Challenges

Purpose This paper aims to examine the extent of successes and challenges of adoption and implementation of Financial Action Task Force (FATF) codes in member states by highlighting the influence of the FATF anti-money laundering policy framework on money laundering (ML) and the way forward in heightening the fight against the fast-evolving nature of ML and terrorist financing activities. Design/methodology/approach This paper, based on a purely qualitative desktop study, is drawn on historical information from FATF’s recommendations, its periodic reports, publications and other secondary sources such as books, journal articles on financial systems and scholarly literature. Findings The challenges found include difficulty in domestic coordination, capacity constraints of countries, inadequate operational resources and assessment complexities in the implementation of FATF standards. Nonetheless, FATF has chalked some successes such as the harmonization of legislation and enforcement efforts through the provision of coordination points. Other successes include flexibility in response to new threats, adoption of the mutual evaluation process, which advanced peer pressure on defaulting members, enhancement of the international financial space and the enhancement of the legitimization of FATF’s processes. Originality/value This paper provides a description of the successes and challenges of the FATF’s 40 + 9 recommendations since its establishment. The outcome would alert countries and players within the international financial space to invest more in capacity building and the entrenchment of the recommendations into their domestic laws.

FOREIGN DIRECT INVESTMENT INFLOWS AND REGULATION IN NIGERIA: AN EMPIRICAL PERSPECTIVE

2019 ◽  
Vol 9 (1) ◽  
pp. 157-168
Author(s):  
Aderemi Timothy Ayomitunde ◽  
Amusa Bolanle Olubunmi ◽  
Awomailo Lanke B ◽  
Olayemi Henry Omotayo
Keyword(s):  
Rule Of Law ◽  
Business Environment ◽  
Policy Makers ◽  
Fdi Inflows ◽  
Government Effectiveness ◽  
Cross Border ◽  
Long Run ◽  
Equilibrium Relationship ◽  
Good Government ◽  
Empirical Perspective

The aim of this study is to examine the long run equilibrium relationship between regu-lation and FDI inflows in Nigeria over the period of 1990 to 2016 which past studies have failed to explore. Consequently, the study utilized data from UNCTAD, World Bank database, CBN Statistical Bulletin and Cointegration, DOLS and Granger Cau-sality approach was used to address the objective of this study. However, the major findings in this study are summarized as follows. Government effectiveness, rule of law and inflation rate have a significant positive relationship with FDI inflows in Nigeria in the long run, apart from regulation quality that is not significant. This implies that regulation is favorable to the inflows of cross border investment in the country. In addition, there is a unidirectional feedback relationship which runs from FDI inflows to regulation quality and one way feedback relationship runs from the rule of law to government effective-ness in the country. Finally, due to the findings that emerged from this study, the fol-lowing recommendations are made for the policy makers, investors and future re-searchers in Nigeria that when attraction of FDI inflows are the target of the policy makers in the country, improving variables like rule of law, government effectiveness and regulation quality will induce the inflows of cross border investment accordingly in the long run. Also, the Nigerian government should be committed to the provision of a sound business environment in the form of good government regulations to ensure rapid inflows of FDI in the country.

AN ASSESSMENT OF THE EVOLUTION OF HOUSING POLICY FRAMEWORK

2015 ◽  
Vol 2 (1) ◽  
Author(s):  
Clinton Aigbavboa
Keyword(s):  
Housing Policy ◽  
Low Income ◽  
Homo Sapiens ◽  
Theoretical Perspective ◽  
Theoretical Background ◽  
Policy Framework ◽  
Housing Policies ◽  
Secondary Sources ◽  
The Subject ◽  
Animal Skin

Globally, housing policies have been used as an attempt to try and address housing problems, particularly in respect to the low-income earners, with the view of helping them access better housing. The evolution of housing policy in developing countries has been studied and identified in different ways, however, this paper present a robust theoretical background of the developments in housing policy framework. The data used in this paper were derived from secondary sources only; through a detailed review of related literature on the subject to meet the research objectives. The study is an in-depth literature exploration of the theoretical perspective of the housing studies framework. The literature reviewed found that the theory of housing had its origin in the Paleolithic period when homo-sapiens began to use natural materials like stone, wood, leaves, animal skin and other similar items to create shelter from elements of weather. It was also found that there are various theoretical perspective frameworks that have been used in the study of housing, such as political, social, developmental, institutional, and radical perspectives amongst others. This study provides a robust theoretical framework used in housing study.

scholarly journals Assessment of Impact of Recreational Resorts on Socio-Economic Growth of Calabar, Cross River State - Nigeria

2018 ◽  
Vol 1 ◽  
pp. 11-24 ◽  
Author(s):  
Titus E. Amalu ◽  
Peter A. Ojugbo ◽  
Otop O. Oqua
Keyword(s):  
Economic Growth ◽  
Primary Source ◽  
Business Environment ◽  
Tourism Industry ◽  
Cross River ◽  
Cross River State ◽  
Secondary Sources ◽  
Employment Generation ◽  
Private Investors

This study examined the influence of the tourism industry on socio-economic growth of Calabar, Cross River State with special interest on the role of the resorts operating within the study area. Primary and secondary sources of data were employed for the study. The primary source involved the use of questionnaires, interview with participatory research appraisal methods while the secondary sources involved the use of journals, textbooks and records from the management of the various resorts within the area. The study observed that the highest medium of awareness of the existence of the resorts was through family and friends leading to 36% of the entire visitors to the resorts. It was also observed that 89% of the employed workers in the resorts were residents of the study area. The study analysis revealed that the number of employed workers in the resorts varied significantly across the various resorts with F=5.243; P<0.05 and also a significant variation across the class of employment with F=8.383; P<0.05. The study also observed that the resorts provided opportunities for employment, generation of more income and infrastructural enhancement within the area. Based on these findings, it was therefore recommended that government of Cross River State should direct interest in investing in the tourism industry through collaboration with private investors and providing an enabling business environment by the reduction of tax, provision of loan facilities and provision of infrastructures in the study area.

scholarly journals IDENTIFIKASI FAKTOR-FAKTOR DALAM MENGEMBANGKAN MODEL KELEMBAGAAN INVESTASI TERPADU DI PROVINSI JAWA TIMUR

2017 ◽  
Vol 10 (1) ◽  
pp. 42
Author(s):  
Sutjipto Ngumar ◽  
Ikhsan Budi Riharjo
Keyword(s):  
Capital Investment ◽  
Foreign Currency ◽  
Price Level ◽  
Real Income ◽  
Economic Factors ◽  
Investment Climate ◽  
Service Model ◽  
One Stop ◽  
Investment Service ◽  
Difference Pattern

The purpose of this research is to dig information about factors that influence decision to invest in an area. The digging information is about service model and conducive invesment facilities in the business world.Data processing was conducted by comparing service and license between Licencing Department and Capital Investment that have not conducted One Stop Service, and respondents’ response to service and licence in those five regencies/ sities.The result of the research shows that there is a difference pattern and licencing service investment system in the regencies and cities in East Java Province. In fact, from 40 regencies and cities in East Java Province, there are five regions which form Licensing and Capital Investment Department with One Stop Service. The regencies and cities that are examined are Pasuruan Regency, Surabaya City, Gresik Regency, Sidoarjo Regency and Lamongan Regency, and there are only three regencies and cities that have not applied the policy of One Stop Service. They are Surabaya City, Gresik Regency and Lamongan Regency.Besides the efforts of increasing service in investment, investment climate is influenced by several factors, that is economic factors and non economics factor. Economic factors are export value, real income, foreign currency rate of exchange inflation, price level and credit availability. Meanwhile, non economic factors are political factor, law, security and social condition of the society. Therefore, there should be policy’s steps in order to optimize investment service in each region.

Sign in / Sign up

Export Citation Format

Share Document