Breaking the Formal Financing Barriers Facing Entrepreneurs

2020 ◽  
pp. 218-234
Author(s):  
Lukman Raimi
Keyword(s):  
Economic Development ◽  
Developed Countries ◽  
Viable Alternative ◽  
Enterprise Development ◽  
Institutional Barriers ◽  
Digital Era ◽  
Start Up ◽  
Socio Economic Development ◽  
Desk Research ◽  
Financing Option

Financing programs at both start-up and growth phases are confronted with a number of institutional barriers. However, the digital era with its attendant benefits of interconnectedness has provided an alternative financing option called crowdfunding for internet-savvy entrepreneurs. Crowdfunding is a digital-based tool used to raise funds for different projects contributing to socio-economic development. The chapter discusses crowdfunding as an alternative financing option for enterprise development in Nigeria. Using a desk research technique, this chapter highlights the prospects of crowdfunding and strategies for leveraging crowdfunding as a viable alternative financing alternative in Nigeria. As an internet-driven process, this chapter identifies a number of challenges, but the most fundamental is the absence of regulatory environment to protect investors, a development that is in contrast to developed countries where crowdfunding is guided by enabling legislation. The chapter concludes with a number of research implications and suggestions.

scholarly journals Challenges and Sustainability of China’s Socio-Economic Stability in the Context of Its Demographic Development

Societies ◽  
2021 ◽  
Vol 11 (1) ◽  
pp. 22
Author(s):  
Andrea Čajková ◽  
Peter Čajka
Keyword(s):  
Economic Development ◽  
Pension System ◽  
Population Policy ◽  
Developed Countries ◽  
Economic Stability ◽  
Demographic Development ◽  
Demographic Challenges ◽  
Family Behavior ◽  
Socio Economic Development ◽  
The Impact

Like many developed countries in the world, China currently faces many serious demographic challenges that pose a potential risk to the country’s socio-economic development and stability. The current demographic development and trend is characterized by a change in the reproductive behavior of the population, characterized by a decline in birth rates, a change in family behavior, and a shift in the value system. This paper is aimed at identifying the impact of population policy and the degree of its influence on both the economic and social system of the country. Based on a deterministic approach, the findings reveal and demonstrate the serious demographic challenges facing China, and we are noting that there is no guarantee that parametric adjustments, such as shifting the retirement age, will de facto ensure the financial health of the pension system by preventing bankruptcy. We point out the risks and prospects for the sustainability of China’s socio-economic development based on an analysis of past and current Chinese demographic policy.

scholarly journals Global epidemiology and socio-economic development correlates of the reproductive ratio of COVID-19

2021 ◽  
Author(s):  
Lutz P Breitling
Keyword(s):  
Economic Development ◽  
Empirical Evidence ◽  
Maternal Mortality Ratio ◽  
Developed Countries ◽  
Linear Regression Models ◽  
Extreme Poverty ◽  
Development Indicators ◽  
Global Epidemiology ◽  
Socio Economic Development ◽  
Mortality Ratio

Abstract Background The most commonly cited argument for imposing or lifting various restrictions in the context of the coronavirus disease 2019 (COVID-19) pandemic is an assumed impact on the reproductive ratio of the pathogen. It has furthermore been suggested that less-developed countries are particularly affected by this pandemic. Empirical evidence for this is lacking. Methods Based on a dataset covering 170 countries, patterns of empirical 7-d reproductive ratios during the first months of the COVID-19 pandemic were analysed. Time trends and associations with socio-economic development indicators, such as gross domestic product per capita, physicians per population, extreme poverty prevalence and maternal mortality ratio, were analysed in mixed linear regression models using log-transformed reproductive ratios as the dependent variable. Results Reproductive ratios during the early phase of a pandemic exhibited high fluctuations and overall strong declines. Stable estimates were observed only several weeks into the pandemic, with a median reproductive ratio of 0.96 (interquartile range 0.72–1.34) 6 weeks into the analysis period. Unfavourable socio-economic indicators showed consistent associations with higher reproductive ratios, which were elevated by a factor of 1.29 (95% confidence interval 1.15 to 1.46), for example, in the countries in the highest compared with the lowest tertile of extreme poverty prevalence. Conclusions The COVID-19 pandemic has allowed for the first time description of the global patterns of reproductive ratios of a novel pathogen during pandemic spread. The present study reports the first quantitative empirical evidence that COVID-19 net transmissibility remains less controlled in socio-economically disadvantaged countries, even months into the pandemic. This needs to be addressed by the global scientific community as well as international politics.

SYRIA: THE POTENTIAL FOR ECONOMIC DEVELOPMENT

2021 ◽  
Vol 1 (10) ◽  
pp. 182-189
Author(s):  
Konstantin I. Kozhevnikov ◽  
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Natural Resources ◽  
Resource Potential ◽  
Social Sphere ◽  
Digital Era ◽  
Post Conflict ◽  
Socio Economic Development ◽  
Hydrocarbon Reserves

The article considers the territorial and natural resource potential of Syria, which can ensure the development of the country's economy and social sphere in the XXI century. In post-conflict conditions. This potential is very diverse and includes, among other things, a strategic aspect - hydrocarbon reserves that have ensured the socio-economic development of the country for several decades. The author comes to the conclusion that at present it is important for Syria not so much to develop and restore the extraction of natural resources, as to improve the quality of human capital, which, in the digital era, has, according to the author, much higher efficiency as a factor of production.

scholarly journals Social Economic Development and the Human Resources Management

2017 ◽  
Vol 6 (1) ◽  
pp. 73-76
Author(s):  
Nada Krypa
Keyword(s):  
Economic Development ◽  
Human Resources ◽  
Human Resource ◽  
Human Resources Management ◽  
Developed Countries ◽  
Economic Policies ◽  
Resources Management ◽  
Socio Economic Development ◽  
Economic Development Plan ◽  
Set Up

Abstract Bratton & Gold (2000) stated that socio economic development is playing crucial role in managing human resource progression in developed and developing countries. In the contemporary era developed countries such as USA, UK, Australia and many other European countries are using such progression strategies. National Socio-Economic Development Plan is one of the major strategies that involve welfare of unemployment, poverty, infrastructural development and transportation up gradation. Moreover, socio economic development also includes set up of hospitals and educational institutions (Bambangi, 2007). Such development statistics and process are outlined in various newspapers, magazines and periodical articles. These informative papers help the local human resource management in gaining proper insights on working and economic policies. In the current study importance and relation between socio-economic development and the human resources management will be outlined.

The Role of the Federal Budgetary Investments in Ensuring the Socio-Economic Development of Russia in 2019–2021

2019 ◽  
Vol 12 (3) ◽  
pp. 48-58
Author(s):  
R. A. Alandarov
Keyword(s):  
Economic Development ◽  
Socioeconomic Development ◽  
Federal Budget ◽  
Developed Countries ◽  
Legal Framework ◽  
Legal Regulation ◽  
Capital Investments ◽  
Investment Planning ◽  
Socio Economic Development ◽  
Investment Structure

The paper describes the specifics of planning federal budget allocations for budgetary investments in 2019–2021.The relevance of the paper is due to the fact that Presidential Decree No. 204 of May 07.2018 sets the goal for Russia to break into the top five world economies and ensure economic growth rates exceeding the world rates while maintaining the macroeconomic stability. The subject of the research is federal budget allocations for budgetary investments. The purpose of the research was to assess the volume, dynamics, structure and legal support of budgetary investments to ensure their compliance with the objectives of the socio-economic development of Russia. Based on a dynamic structural analysis of the federal budget investments as well as a comparative analysis of fixed investments in Russia and developed countries, it is concluded that there is a need to enhance the fixed asset investments by increasing budgetary investment amounts along with encouraging private investing by the population and businesses. Apart from increasing capital investments from the federal budget, it is also important to update the budgetary investment structure with a focus on the main socioeconomic development targets. The analysis of the legal regulation in the field of budgetary investments showed the necessity to refine the existing legal framework to improve the quality of the budgetary investment planning. Following the analysis of factors hindering the growth of private investing, proposals were made on to how to improve the investment climate in the Russian Federation.

Culture, Tradition and Technology

2016 ◽  
pp. 632-645
Author(s):  
Collence Takaingenhamo Chisita ◽  
Ismail Abdullahi
Keyword(s):  
Economic Development ◽  
Rural Areas ◽  
Information Needs ◽  
Developed Countries ◽  
Development Programs ◽  
Local Conditions ◽  
Integration Of Technology ◽  
Socio Economic Development ◽  
Key Issues ◽  
Culture Tradition

In both developed and developing countries culture, tradition and technology are key issues that affect the dialogue relating to how the three elements can be integrated in socio-economic development programs. This chapter examines the extent to culture and technology has an influence in the integration of technology in socio-economic development in Africa. It also inquires about the extent to which technology influences culture and traditions in developed countries. Furthermore, it scrutinizes the degree to which culture and traditions are receptive to the integration of technology within the socio-economic fabric of the society. The chapter concludes that school libraries should develop a curriculum that is relevant to the information needs of the community, especially those in rural areas. It is imperative to engage communities in developing programs that help to elevate communities without compromising on fundamental and internationally recognized standards. If local conditions are taken into cognizance programs to integrate culture, tradition and technology will be successful.

scholarly journals The Role of Technical Education in the Socio-Economic Development of Nigeria

2021 ◽  
pp. 236-242
Author(s):  
Edward Olusola OSUNTUYI
Keyword(s):  
Economic Development ◽  
Technical Education ◽  
Technological Development ◽  
Developed Countries ◽  
High Status ◽  
Adequate Food ◽  
Job Opportunities ◽  
Social And Economic Development ◽  
Socio Economic Development ◽  
The Developed Countries

The high status of socio-economic development in Nigeria can only be attained if both hands are joined together to embrace technical education. The notion that many Nigerians wish to enjoy the fruits of technical education as rightly witnessed in the developed countries without due recognition of technical personnel had made this country not been able to get its acts together in stimulating a national consciousness that can propel self-motivated development. Since technical education holds the master key to socio-economic development, Nigeria‟s wish for social and economic development will be fully attained if she has that master key which is „TECHNOLOGY”. Hence, Nigeria needs technical education to provide her subjects with social infrastructures such as a good transportation system, constant power supply, good and adequate water supply scheme, adequate food and shelter. She also needs the technical know-how to turn the wheel of her industrial progress and provide job opportunities for the entire citizenry. Technical education fosters all-round development for the country that acquires it but until Nigeria is able to realize herself, identify those problems confronting technical education, tackle and solve them, the situation of neglect presently experienced with technical education in Nigeria will continue to militate against our efforts at achieving social, economic and technological development.

Environmental and Economic Concept of Innovative Breakthrough: Theoretical and Methodological Foundations of State Personnel Policy

2021 ◽  
pp. 5-13
Author(s):  
M. Fridman
Keyword(s):  
Economic Development ◽  
Social Relations ◽  
Historical Memory ◽  
Developed Countries ◽  
Biological Species ◽  
The State ◽  
High Tech ◽  
Strategic Decisions ◽  
Economic Concept ◽  
Socio Economic Development

This article is devoted to the most important issue of ensuring an innovative breakthrough in socio-economic development in the context of the formation of the information society against the background of the deployment of the sixth technological order. Today, humanity is entering a completely new era, characterized by a fundamentally different system of social relations, values and meanings. The transition to a multipolar world model aggravates the competition of developed countries, on the one hand, and weakens the role of the state in the life of society, on the other. Globalization abolishes borders, eliminates inequalities, and at the same time deprives entire peoples of their national, cultural, and linguistic identity, and erases historical memory. Sustainable development - a concept championed by the progressive world community-requires an innovative breakthrough not only on the scale of individual countries, but also on a broader, planetary scale. This article is an attempt to answer the question of whose forces this innovative breakthrough should be achieved. The article deals with one of the most urgent and important problems – the development of a new theoretical and methodological basis for the development of the state system of personnel support for innovative breakthroughs in the context of the deployment of the sixth technological order against the background of the greening of public and, in particular, economic relations. Taking into account the fact that at the present stage of the development of civilization, humanity has come to understand the limited resources of the planet, the world is faced with the inevitability of making strategic decisions related to long-term innovative advanced balanced socio-economic development and aimed at overcoming global problems that threaten the continued existence of man as a biological species. The intensive development of high-tech technologies in the context of entering the sixth technological order accelerates the reduction of the planet's life potential, so it is extremely important to make production as environmentally friendly and economical as possible, to reduce consumption and, consequently, to reduce the rate of depletion of natural resources. It is almost impossible to achieve this without the organization of a proper system of personnel support, so it is extremely important today to determine the role and place of the state in solving this task.

Culture, Tradition and Technology

2014 ◽  
pp. 16-29
Author(s):  
Collence Takaingenhamo Chisita ◽  
Ismail Abdullahi
Keyword(s):  
Economic Development ◽  
Rural Areas ◽  
Information Needs ◽  
Developed Countries ◽  
Development Programs ◽  
Local Conditions ◽  
Integration Of Technology ◽  
Socio Economic Development ◽  
Key Issues ◽  
Culture Tradition

In both developed and developing countries culture, tradition and technology are key issues that affect the dialogue relating to how the three elements can be integrated in socio-economic development programs. This chapter examines the extent to culture and technology has an influence in the integration of technology in socio-economic development in Africa. It also inquires about the extent to which technology influences culture and traditions in developed countries. Furthermore, it scrutinizes the degree to which culture and traditions are receptive to the integration of technology within the socio-economic fabric of the society. The chapter concludes that school libraries should develop a curriculum that is relevant to the information needs of the community, especially those in rural areas. It is imperative to engage communities in developing programs that help to elevate communities without compromising on fundamental and internationally recognized standards. If local conditions are taken into cognizance programs to integrate culture, tradition and technology will be successful.

scholarly journals Use of ICTS for socio-economic development of marginalised communities in rural areas: Proposals for establishment of sectoral Rural Entrepreneurial Networks

2020 ◽  
Vol 7 (1-2) ◽  
pp. 71-91
Author(s):  
Geraldine Taponeswa Nyika
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Rural Areas ◽  
Urban Areas ◽  
Developed Countries ◽  
Agriculture Education ◽  
Information Communication ◽  
Entrepreneurial Networks ◽  
Socio Economic Development ◽  
Potential Benefits

Information, Communication, Technology and Services (ICTS) is increasingly being used in various fields that include agriculture, education, medicine, tourism and business. However, due to challenges caused by the digital divide and other factors, the use of ICTS and its contribution to socio-economic development is generally more intense in developed countries than in developing countries, and also more in urban areas than in rural areas. This article gives an overview of ICTS, the extent of its adoption in different fields, factors that hinder ICTS driven socio-economic development in developing countries and rural areas, and various possible ways of maximizing potential benefits that marginalised communities can derive from the limited ICTS that is accessible to them. Keywords: ICTS, development, marginalised, rural, networks

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