Trade Policies and Development of Technology in Africa

2010 ◽  
pp. 414-429
Author(s):  
Louis O. Osuji
Keyword(s):  
Economic Development ◽  
Growth And Development ◽  
Adam Smith ◽  
Trade Theory ◽  
African Countries ◽  
Trade Model ◽  
Innovation Transfer ◽  
Technological Growth ◽  
David Ricardo ◽  
And Diffusion

Trade between nations is very crucial in the process of economic and technological growth. Directly or indirectly, trade facilitates the process of technology innovation, transfer and diffusion. It offers the trajectory to evaluate and understand how technology penetrates economies and remains a good indicator to measure national progress on technology creation and assimilation. The growth link between international trade and economic development could be traced to the classical trade theory of Adam Smith, and David Ricardo and the modern neoclassical trade model of Heckscher-Ohlin (H-O). While there is no single model that captures the route to economic development, this chapter explores how African countries working closely can harness and utilize technological advancements to improve their share of global trade so as to accelerate their overall economic growth and development.

Trade Policies and Development of Technology in Africa

2012 ◽  
pp. 1178-1193
Author(s):  
Louis O. Osuji
Keyword(s):  
Economic Development ◽  
Growth And Development ◽  
Adam Smith ◽  
Trade Theory ◽  
African Countries ◽  
Trade Model ◽  
Innovation Transfer ◽  
Technological Growth ◽  
David Ricardo ◽  
And Diffusion

Trade between nations is very crucial in the process of economic and technological growth. Directly or indirectly, trade facilitates the process of technology innovation, transfer and diffusion. It offers the trajectory to evaluate and understand how technology penetrates economies and remains a good indicator to measure national progress on technology creation and assimilation. The growth link between international trade and economic development could be traced to the classical trade theory of Adam Smith, and David Ricardo and the modern neoclassical trade model of Heckscher-Ohlin (H-O). While there is no single model that captures the route to economic development, this chapter explores how African countries working closely can harness and utilize technological advancements to improve their share of global trade so as to accelerate their overall economic growth and development.

A study into the links between mortgage financing and economic development in Africa

2016 ◽  
Vol 9 (1) ◽  
pp. 2-19 ◽  
Author(s):  
Paul K. Asabere ◽  
Carl B McGowan Jr. ◽  
Sang Mook Lee
Keyword(s):  
Economic Development ◽  
Growth And Development ◽  
Significant Positive Correlation ◽  
Mortgage Market ◽  
Empirical Literature ◽  
African Countries ◽  
Mortgage Markets ◽  
Content Type ◽  
Positive Correlation ◽  
Per Capita

Purpose – The purpose of this paper is to explore the link between mortgage financing and economic development for African countries, as there is a gap in the literature regarding this topic. The development of mortgage markets is important for the overall development of a country. Policymakers and international institutions like the World Bank have been promoting the expansion of Africa’s nascent mortgage markets as a logical stimulus to economic growth and development. Specifically, the authors analyze the link between the size of the mortgage market and the gross national income (GNI) per capita for African countries. They found a significant positive correlation between the size of the mortgage market and GNI per capita. A plausible interpretation is that mortgage financing can induce growth and development. Design/methodology/approach – The authors examine the relationship between mortgage financing and GNI per capita for African countries using the hedonic framework. Findings – The authors found a significant positive correlation between the size of the mortgage market and the level of GNI per capita, as hypothesized for this study. Practical implications – An economically plausible interpretation is that the availability of mortgage financing leads to a more efficient financial system, which, in turn, produces growth and development. Social implications – These findings provide empirical support for the need to pay greater attention to further development and expansion of the emergent mortgage markets of African economies. Originality/value – There is a gap in the empirical literature regarding this topic with reference to the link between mortgage financing and economic development for African countries.

scholarly journals Implications of Governance, Natural Resources, and Security Threats on Economic Development: Evidence from Sub-Saharan Africa

2021 ◽  
Vol 18 (12) ◽  
pp. 6236
Author(s):  
Husam Rjoub ◽  
Chuka Uzoma Ifediora ◽  
Jamiu Adetola Odugbesan ◽  
Benneth Chiemelie Iloka ◽  
João Xavier Rita ◽  
...  
Keyword(s):  
Economic Development ◽  
Natural Resources ◽  
Causal Effect ◽  
Sub Saharan Africa ◽  
Security Threats ◽  
African Countries ◽  
Significance Level ◽  
Long Run ◽  
Short Run ◽  
Sub Saharan

Sub-Saharan African countries are known to be bedeviled with some challenges hindering the economic development. Meanwhile, some of these issues have not been exhaustively investigated in the context of the region. Thus, this study aimed at investigating the implications of government effectiveness, availability of natural resources, and security threats on the regions’ economic development. Yearly data, spanning from 2007 to 2020, was converted from low frequency (yearly) to high frequency (quarterly) and utilized. Data analysis was conducted using Dynamic heterogeneous panel level estimators (PMG and CS-ARDL). Findings show that while PMG estimator confirms a long-run causal effect of governance, natural resources, and security threats on economic development, only natural resources show a short-run causal effect with economic development, while the CS-ARDL (model 2) confirms the significance of all the variables both in the long and short-run. Moreover, the ECT coefficients for both models were found to be statistically significant at less than 1% significance level, which indicates that the systems return back to equilibrium in case of a shock that causes disequilibrium, and in addition, reveals a stable long-run cointegration among the variables in the model. Finally, this study suggests that the policy makers in SSA countries should place more emphasis on improving governance, managing security challenges, and effectively utilizing rents from the natural resources, as all these have severe implications for the economic development of the region if not addressed.

Geschichte des modernen ökonomischen Denkens

2012 ◽  
Author(s):  
Toni Pierenkemper
Keyword(s):  
Karl Marx ◽  
Adam Smith ◽  
John Stuart Mill ◽  
Friedrich List ◽  
John Maynard Keynes ◽  
Milton Friedman ◽  
David Ricardo

Realökonomische Probleme haben zu allen Zeiten die Theorien der Ökonomie und ihrer großen Denker beeinflusst. Wichtige Themen der Ökonomie sind das gesamtwirtschaftliche Wachstum, Verteilungsprobleme, individuelle Nutzenmaximierung, Keynesianismus, Monetarismus – und ganz neue Ansätze wie Evolutorik, Spieltheorie oder Verhaltensökonomie, die ihr Potenzial noch beweisen müssen. Sie verbinden sich in der Moderne mit Namen von Ökonomen wie Adam Smith, Robert Malthus, David Ricardo, John Stuart Mill, Friedrich List, Karl Marx, John Maynard Keynes oder Milton Friedman. Oder die Betrachtung der Ökonomie verdichtet sich in Stichworten wie Marginalanalyse, Historische Schule, Neoklassik, Institutionalismus, Neue-Institutionenökonomik und Monetarismus – neuerdings auch Evolutorik, Verhaltensökonomik oder Spieltheorie. Für alle, die zur Ökonomie gründlich aufbereitetes und grundlegendes Überblickswissen mit Prüfungsrelevanz suchen.

Marx y las ciencias sociales: La interpretación de Veblen sobre Das Kapital

Protrepsis ◽  
2018 ◽  
pp. 61-76
Author(s):  
Victor M. Hernández Márquez
Keyword(s):  
Adam Smith ◽  
Jeremy Bentham ◽  
Thorstein Veblen ◽  
David Ricardo ◽  
Siglo Xx

El presente trabajo se propone exponer y discutir la recepción temprana de Das Kapital en el campo de las ciencias sociales, enfocándose en el análisis que Thorstein Veblen hizo a principios del siglo XX. Con una formación sólida como filósofo y como economista, Veblen era la persona mejor preparada para mostrar las virtudes y defectos de la teoría de Marx. Según su análisis, el cual denomino interpretación holista, la originalidad de Marx recae en la forma como amalgama elementos pertenecientes a dos tradiciones de pensamiento completamente ajenas entre sí; es decir, el idealismo alemán, y en particular, al teoría de Hegel, con la economía política inglesa de Adam Smith, Jeremy Bentham y David Ricardo. Por consiguiente, dado que la fuerza de la teoría del capital no recaen en los elementos considerados de manera aislada, sino en la forma en que han sido incorporado en una estructura lógica fuerte, sostiene Veblen, no tiene sentido discutir la teoría de Marx analizando cada uno de sus elementos por separado; proceder de esta forma solo puede dar lugar al tipo de incomprensiones que han provocado por igual criticas desafortunadas y extensos comentarios insustanciales, algunos de los cuales es posible encontrar aún en la literatura.

scholarly journals Adaptation of Globalization and Their Effect to the Tanzania Economic Growth

2018 ◽  
Vol 13 (8) ◽  
pp. 217
Author(s):  
Japhet Jacksoni Katanga ◽  
Seleman Pharles
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
International Cooperation ◽  
Developing Economies ◽  
Economic Inequality ◽  
Developed Countries ◽  
Advance Technology ◽  
African Countries ◽  
The Social

Globalization can be defined as the process based on international cooperation strategies, the aims of globalization is to expanded the operation of a certain business or service to become into a worldwide level, Globalization facilitate the modern advance technology which help community to undergo the social, political and economic development. Globalization economic has reinforced the margination for African developing economies and make to be dependent for the few primary commodities or service whereby the price and demand are extreme determine by externally. On this outcome it lead some of the African countries to be turn into poverty or economic inequality due let their own resources being determine by developed countries. On these paper you will get a chance to oversee the effect of adaption globalization to Tanzania economic growth.

A Longitudinal Study of Metropolitan Density Patterns in a Developing Country: Puerto Rico, 1899–1970

1979 ◽  
Vol 11 (4) ◽  
pp. 423-433
Author(s):  
Suzanne Vaughan ◽  
K P Schwirian
Keyword(s):  
Economic Development ◽  
Puerto Rico ◽  
Longitudinal Study ◽  
Developing Country ◽  
Growth And Development ◽  
Metropolitan Areas ◽  
Human Settlements ◽  
Residential Patterns ◽  
Long Run ◽  
Developing Societies

One approach to the study of the growth and development of human settlements is through the analysis of changing residential patterns. The focus of this paper is upon the changing density patterns for Puerto Rico's three principal metropolitan areas from 1899–1970. The data show that San Juan's long-run residential deconcentration is consistent with the pattern usually displayed by cities in developed societies. The increasing congestion and stable concentration of Ponce and Mayaguez are consistent with the pattern found in cities in developing societies. Differences among the metropolitan areas are discussed in terms of the trajectory of Puerto Rico's economic development.

The Role of Technology to Achieve Sustainable Economic Development in Africa

2016 ◽  
Vol 4 (2) ◽  
pp. 30-41
Author(s):  
Sally M. Farid
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
African Countries ◽  
Potential Growth ◽  
Annual Series ◽  
Development Indicators ◽  
Telecommunications Infrastructure ◽  
Sustainable Economic Development ◽  
The World

Objective - The purpose of this paper is to study how the technological innovation can achieve and promote sustainable development particularly in Africa. It considers forms of innovation technology that could enhance sustainable development. Methodology/Technique - The data used in this paper includes 54 African countries and the study period is from 2000 to 2014, using data on IT that measures the stock of telecommunications infrastructure as telecommunications investment. The GDP series represents annual real GDP in the prices of 2000. Annual series for IT and GDP were collected from the World Development Indicators of the World Bank database in 2015. Findings - The paper presents the concept and strategies of Sustainable Economic Development, discusses existing technologies in sustainable development, shows the role of technology in sustainable development, and presents the information and communication technology to promote economic development in Africa and the obstacles to set up policies for innovation technology in Africa. Novelty - The results have major implications. Firstly, the access to telecommunications services contributes towards economic growth. Secondly, an appropriate regulatory environment is necessary to realize the potential growth in telecommunications demand generated by increased income. Type of Paper - Empirical Keywords: Technology; Sustainable Economic Development; ICT in Africa.

Transmission, Transplantation, and Diffusion in the Latin West

2014 ◽  
Author(s):  
Victor J. Katz ◽  
Karen Hunger Parshall
Keyword(s):  
Roman Empire ◽  
Growth And Development ◽  
Western Europe ◽  
Western World ◽  
Intellectual Culture ◽  
Latin West ◽  
Royal Courts ◽  
Mathematical Sciences ◽  
Gerbert Of Aurillac ◽  
And Diffusion

This chapter follows the growth and development of the intellectual culture in the West after a period of decline roughly concurrent to that of the decline of the Roman Empire. It explores the intellectual reawakening of the Western world following the efforts of the clergyman Gerbert of Aurillac, who transmitted classical and Islamic learning and strove—through his innovative use of the abacus, celestial spheres, and armillary spheres of his own fabrication—to raise the level of learning of the mathematical sciences in the Latin West. Among his students was a generation of Catholic scholars who went on themselves to establish or to teach at cathedral schools and to influence educational reforms in royal courts throughout western Europe.

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