scholarly journals Climate Change as a Challenge for the Economy

VUZF Review ◽  
2021 ◽  
Vol 6 (4) ◽  
pp. 58-69
Author(s):  
Georgi Momchilov
Keyword(s):  
Climate Change ◽  
Global Economy ◽  
Negative Impact ◽  
Economic Loss ◽  
Developed Countries ◽  
Sub Saharan Africa ◽  
Human Society ◽  
Least Developed Countries ◽  
Sub Saharan ◽  
The Impact

According to historical climatology, climate and climate change have always had an impact on human society. Anthropological climate change is happening fast and will indisputably affect the global economy for decades to come. This paper provides a review of the expectations of leading economists and organisations on the magnitude of this effect. It clarifies the different approaches used to quantify the future economic loss attributed to climate change. Despite the different approaches used, all the authors examined in the paper foresee a negative impact of the climate change on the global economy. The different approaches result in different predictions about the magnitude of the impact. The authors express similar positions about the geography of the damages that will be caused by the climate change. The most affected countries will be most likely those in Sub-Saharan Africa and South Asia. A moral paradox arises that the least developed countries that are not at fault for anthropogenic climate change will have to carry the economic burden of its consequences.  The paper also suggests and compares a variety of measures that could be taken in order to adopt to and mitigate the negative impacts of climate change on the economies.

scholarly journals Wpływ międzynarodowych instytucji finansowych na sytuację gospodarczą krajów najsłabiej rozwiniętych

2019 ◽  
Vol 19(34) (3) ◽  
pp. 57-66
Author(s):  
Jakub Kraciuk
Keyword(s):  
World Bank ◽  
Developed Countries ◽  
Sub Saharan Africa ◽  
International Financial Institutions ◽  
Least Developed Countries ◽  
The World Bank ◽  
Per Capita ◽  
Sub Saharan ◽  
The Impact ◽  
The International Monetary Fund

The aim of the study was to show the impact of the activities of the International Monetary Fund and the World Bank on the economic situation of the least developed countries in sub-Saharan Africa. It was found that the operation of these organizations in accordance with the principles of the Washington consensus did not bring the expected results, and the credit aid of IMF and World Bank increased debt, but did not contribute to a significant GDP growth per capita in the analyzed countries. Therefore, it is necessary to change the rules of operation of international financial institutions towards least developed countries. The proposed adjustment programs are to generate economic growth, which will be subordinated to the needs of societies, and the choice of economic and social policy options should be adapted to the conditions of a given country.

scholarly journals Implications of Climate Change on Soil Functions: A Case for Achieving Local Coconut Sufficiency from Sustainable Agricultural Practices

2021 ◽  
Author(s):  
Chinedu Egbunike ◽  
Nonso Okoye ◽  
Okoroji-Nma Okechukwu
Keyword(s):  
Climate Change ◽  
Management Practices ◽  
Negative Impact ◽  
Agricultural Practices ◽  
Sub Saharan Africa ◽  
Soil Functions ◽  
Soil Biodiversity ◽  
Environmental Consequences ◽  
Sub Saharan ◽  
Sustainable Agricultural Practices

Climate change is a major threat to agricultural food production globally and locally. It poses both direct and indirect effects on soil functions. Thus, agricultural management practices has evolved to adaptation strategies in order to mitigate the risks and threats from climate change. The study concludes with a recommendation the coconut farmers should explore the idea of soil biodiversity in a bid to mitigate the potential negative impact of climate related risk on the farming. The study proffers the need for adopting sustainable agricultural practices to boost local coconut production. This can contribute to the simultaneous realisation of two of the Sustainable Development Goals (SDGs) of the United Nations: SDG 2 on food security and sustainable agriculture and SDG 13 on action to combat climate change and its impacts. The study findings has implications for tackling climate change in Sub-Saharan Africa and in particular Nigeria in order to boost local agricultural production and coconut in particular without negative environmental consequences and an ability to cope with climate change related risks.

scholarly journals Malavika Karlekar (ed.). Paradigms of Learning: The Total Literacy Campaign in India. New Delhi: Sage Publications. 2004. 356 pages. Paperback. Indian Rupees 375.00.

2003 ◽  
Vol 42 (2) ◽  
pp. 167-169
Author(s):  
Samina Nazli
Keyword(s):  
World War Ii ◽  
Human Development ◽  
Adult Literacy ◽  
Developed Countries ◽  
Sub Saharan Africa ◽  
New Delhi ◽  
Least Developed Countries ◽  
Literacy Campaign ◽  
The Pacific ◽  
Sub Saharan

Raising the standards of literacy in the developing world has been a major goal of the less developed countries since most of them became independent in the process of decolonisation that followed World War II. The Human Development Report 2004, brought out by the United Nations Development Programme lists some major improvements in increasing literacy levels of a number of countries between the year 1990 and 2002. For example, low human development countries like Togo increased their adult literacy rates from 44.2 percent in 1990 to 59.6 percent in 2002. Congo saw an increase in its literacy rate for the same period from 67.1 percent to 82.8 percent. The rates for Uganda, Kenya, Yemen, and Nigeria are 56.1 percent and 68.9 percent, 70.8 percent and 84.3 percent, 32.7 percent and 49.0 percent, and 48.7 percent and 68.8 percent respectively. If one examines the breakdown by region, the least developed countries as a group saw an increase in their adult literacy rates from 43.0 percent to 52.5 percent, the Arab states from 50.8 percent to 63.3 percent, South Asia from 47.0 percent to 57.6 percent, Sub-Saharan Africa from 50.8 percent to 63.2 percent and East Asia and the Pacific from 79.8 percent to 90.3 percent. If we look at the increase in the levels of literacy from the perspective of medium human development and low human development, the figures are 71.8 percent and 80.4 percent, and 42.5 percent and 54.3 percent, respectively.

Job Creation and Wages in Least Developed Countries: Evidence from Sub-Saharan Africa

2020 ◽  
Author(s):  
Juan Pablo Rud ◽  
Ija Trapeznikova
Keyword(s):  
Job Creation ◽  
Developed Countries ◽  
Labour Markets ◽  
Sub Saharan Africa ◽  
High Wage ◽  
Micro Data ◽  
Least Developed Countries ◽  
Developed Economies ◽  
Sector Model ◽  
Sub Saharan

Abstract Least developed economies are characterised by poorly functioning labour markets: only a small fraction of workers is in paid employment, where productivity and wages are low. We incorporate a standard search framework into a two-sector model of development to assess the importance of different obstacles to job creation and productivity. The model provides new insights in the characterisation of poorly developed labour markets that are observed in the data, such as high wage dispersion. We estimate the model using micro data for six countries in Sub-Saharan Africa and highlight the empirical relevance of labour market frictions, entry costs and skills.

Financial Inclusion and Gender Inequality Reduction: Evidence from Sub-Saharan Africa

2019 ◽  
Vol 67 (3-4) ◽  
pp. 367-372
Author(s):  
Sylvester Ohiomu ◽  
Evelyn Nwamaka Ogbeide-Osaretin
Keyword(s):  
Gender Inequality ◽  
Financial Services ◽  
Negative Impact ◽  
Estimation Method ◽  
Financial Inclusion ◽  
Sub Saharan Africa ◽  
Sub Saharan ◽  
The Government ◽  
And Gender ◽  
The Impact

Reduced inequality and gender equality are parts of the sustainable development goals (SDGs) towards global development, but the financial sector appears daunted in respect of financial inclusion for these noble goals. Concerns are more on gender inequality in the area of full utilisation of financial and human resources. Hence, this study investigated the impact of financial inclusion on gender inequality in sub-Saharan Africa. The study employed the generalised method of moments (GMM) estimation method on panel data on some countries in sub-Saharan Africa. The result of the study revealed that financial inclusion substantially reduced gender inequality. Financial inclusion access was found to drive down gender inequality more than usage. Female educational levels were found to have a substantial but negative impact on gender inequality. This study recommends that there is a need for an increase in commercial bank branches to increase accessibility to financial services. The government should increase its expenditure, and this should be channelled towards financial development and higher levels of education for females to improve financial literacy.

scholarly journals Conditional Efficiency of Official Development Assistance (ODA) on Economic Growth in Sub-Saharan Africa

2020 ◽  
Vol 16 (1) ◽  
pp. 1
Author(s):  
Ladifatou GACHILI NDI GBAMBIE ◽  
Ousseni MONGBET
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Negative Impact ◽  
Social Situation ◽  
Sub Saharan Africa ◽  
Method Of Moment ◽  
Sub Saharan ◽  
The Impact ◽  
Ssa Countries

<p>Sub-Saharan Africa (SSA) countries have benefited for more than fifty years from international aid in the form of loans and/or donations. Nevertheless, they seem not to benefit from these massive financial resources (ODA) they receive because their economic and social situation is not very good. This study aims to assess the impact of ODA on economic growth in SSA and to see if its effect on growth is conditioned by the quality of the economic policy. The estimates are conducted on a dynamic panel of twenty-three SSA countries running from 1985 to 2014. With macroeconomic data from the World Bank's CD-ROM (World Development Indicators, 2015), the Generalized Method of Moment (GMM) system from Blundel and Bond (1998) was used. The results show that the impact of ODA on growth is not significant. Subsequently, when squared aid (ODA2) is included in the estimate, ODA becomes significant, meaning that a substantial amount of assistance is required to be effective in raising the economic growth rate of the SSA countries. In addition, the effectiveness of ODA is conditioned by the quality of the economic policy. This seems to be bad in SSA, hence the negative impact of the aid on economic growth.</p>

scholarly journals The Impact of Climate Change on Major Agricultural Crops: Evidence from Punjab, Pakistan

2012 ◽  
Vol 51 (4II) ◽  
pp. 261-276 ◽  
Author(s):  
Rehana Siddiqui ◽  
Ghulam Samad ◽  
Muhammad Nasir ◽  
Hafiz Hanzla Jalil
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Agricultural Sector ◽  
Labour Force ◽  
Arable Land ◽  
Developed Countries ◽  
Least Developed Countries ◽  
Impact Of Climate Change ◽  
Agriculture Sector ◽  
The Impact

It is necessary for a country to make its agriculture sector efficient to enhance food security, quality of life and to promote rapid economic growth. The evidence from least developed countries (LDCs) indicates that agriculture sector accounts for a large share in their gross domestic product (GDP). Thus the development of the economy cannot be achieved without improving the agriculture sector. According to the Economic Survey of Pakistan (2011-12) its main natural resource is arable land and agriculture sector’s contribution to the GDP is 21 percent. The agricultural sector absorbs 45 percent of labour force and its share in exports is 18 percent. Given the role of agricultural sector in economic growth and its sensitivity to change in temperature and precipitation it is important to study the impact of climate change on major crops in Pakistan. There are two crops seasons in Pakistan namely, Rabi and Kharif. Rabi crops are grown normally in the months of November to April and Kharif crops are grown from May to October. These two seasons make Pakistan an agricultural economy and its performance depends on the climate during the whole year. Climate change generally affects agriculture through changes in temperature, precipitation.

scholarly journals Impact of Covid-19 on Stock Market in Sub-Saharan Africa

2021 ◽  
Vol 1 (2) ◽  
pp. 41-70
Author(s):  
Saifullahi Adam Bayero ◽  
Babangida Danladi Safiyanu ◽  
Zaitun Sanusi Bakabe
Keyword(s):  
Stock Markets ◽  
Negative Impact ◽  
Virus Disease ◽  
Selection Criterion ◽  
Sub Saharan Africa ◽  
World Health ◽  
African Countries ◽  
The World ◽  
Sub Saharan ◽  
The Impact

Corona virus disease (COVID-19) which was declared by the World Health Organization as a global pandemic caused serious economic problem to all the countries including Sub-Saharan Africa. Given the negative impact of COVID19 on the world economy, this paper examined the impact of COVID19 related cases and death on stock exchange markets volatility in Sub-Saharan African countries. The study used the number of reported cases and death from four Sub-Saharan African countries viz Nigeria, South Africa, Kenya, and Botswana, reported cases and death from China and U.S. and all share index as a proxy of stock markets in four countries from 28 February 2020 to 21 December 2020. The study estimated GARCH 11, TGARCH 11, and EGARCH 11 since the variables are heteroskadestic in nature which makes the application of ARCH lausible; the selection criterion was based on Akaike, Schwarz, and Hannan info Criteria. The result shows that COVID19 confirmed cases and death do not affect the operation of the stock markets in Sub-Saharan African countries, but the volatility of the markets has increased within the period of analysis. Furthermore, Botswana and Kenya stock markets were affected by external cases from China. We therefore recommended that stock markets stakeholders in Sub-Saharan Africa should be more concern about health safety measures and be ready for any future pandemic that might affect the markets.

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