scholarly journals Analysis of the Impact of Education on Poverty Reduction and Economic Development in Nigeria

2021 ◽  
2019 ◽  
Vol 12 (2) ◽  
pp. 165
Author(s):  
Sharif M. Abu Karsh ◽  
Anan Y. Deek

Microfinance is a tool for state poverty reduction and addition in number of these institutions are the support solution which brings overall improvement in the reconciliations. The current research study investigates the impact of these MFIs towards the development of economic condition of the state. The current study aims to explore more about MFIs, economic development with the support of past counts, as well the direct and indirect benefits associated with the MFIs. Data was collected from primary and secondary sources (Mixed strategy) for creating the more rigor and objectivity under working the positivist paradigmatic approach. This study highlights the major economic problem exists in Palestine is related to poverty. Additionally, micro financing is the term associated for the development of these barriers that impacts as a hindrance for any of the economy growth level. The results of the study show that the small level micro-financing is the best resource for the economic stability as well development.


2016 ◽  
Vol 2 (2) ◽  
pp. 45
Author(s):  
Rebar Fatah Mohammed ◽  
Ismail Aziz Asad ◽  
Abduallah Al-Dabash

Demonstrates the concept of poverty to deny the poor access to basic basket of goods consisting of food, clothing and housing, in addition to a minimum of other needs, such as health care, transportation and education .and human capital in Iraq suffers from poverty capacity that qualify to contribute to economic development. Research has adopted a hypothesis: that inflation lowers the value of the currency and thus raise the poverty line, which contributes to the increase in the number of poor in the country, which contributes to reducing the skills and abilities of young people to contribute to economic development . The research aims to study the effect of inflation in increasing the number of poor people in Iraq through the study of the impact of inflation and its impact on the poverty line on human capital in Iraq. The research has come to conclusions which: : The poverty line in Iraq, equivalent to about $ 100 a month, less than the rate of $ 2 per day, and this means that Iraq's poor live in deprivation and extreme poverty compared to poor African countries, non-oil, which constitutes the poverty line, up to $ 30-60 per month. The reasons for the high rates of inflation in Iraq due to the absence of a clearly . The spread of financial and administrative corruption, according to a report in the governance of the international organization which ranked Iraq the last state in transparency. Some styles of gatekeepers and decision-makers to adopt Gatekeepers  currency and pumped into the market or hard currency smuggling to neighboring countries . The research was presented proposals including: the development of macroeconomic policy include the ways and methods of reducing poverty in Iraq, and to benefit from the experiences of other countries such as Malaysia, Turkey and Singapore. Reduce the financial and administrative corruption through the dimensions of the corrupt and thieves for managerial positions and refer them to the courts . Open foreign direct investment in all areas of economic and service sectors to provide job opportunities contribute to the reduction of unemployment and poverty reduction.


2020 ◽  
Vol 18 (1) ◽  
pp. 62
Author(s):  
Muhammad Syahrul Mubarak ◽  
Nugroho SBM

High population growth could be a serious barrier to regional economic development. In general, if productivity in each sector of the economy is very low, there will be a high unemployment level in that society. The purpose of this study is to analyze the partial and simultaneous influences of population, labor, unemployment, and poverty on economic growth. The type of data used is panel statistic data from 11 regencies and municipality in Sulawesi Tengah province of Indonesia during the 2011-2019 period with 99 observations. The regression model with fixed effect approach was used to analyze the data panel. The results reveal that labor and unemployment do not significantly affect economic growth, whereas population and poverty significantly affect economic growth in positive and negative ways, respectively. The partial results of the test imply that the increase in population must be coherently supported by the specialization of the workforce through an increase in the length of school each individual. These implications can be realized through the construction of educational infrastructure. Poverty reduction can be implemented through the improvement of the education level of the people. It is expected that good education will generate more new experts to increase industrial productivity, which in turn will increase the output


2021 ◽  
Vol 9 ◽  
Author(s):  
Qiu-Su Wang ◽  
Yu-Fei Hua ◽  
Ran Tao ◽  
Nicoleta-Claudia Moldovan

This article explores the impact of health human capital on the poverty trap in Sub-Saharan Africa by autoregressive distribution lag model. In the long run, there is no evidence that health human capital can help the Sahara out of the poverty trap. While health human capital has a significant effect on poverty reduction in the short term. There is a threshold effect in the poverty reduction model of healthy human capital. When the economic development level reaches the threshold, the effect of poverty reduction is more obvious and deeper. The extended Solow economic growth model also proved that if the external human capital breaks through the threshold, it can make developing countries get rid of the poverty trap. Therefore, the economic development brought about by health care expenditure must benefit the poor in Sub-Saharan Africa and allow them to enjoy the welfare of social security.


Author(s):  
Taramol K.G.

Micro Finance has become one of the most effective instruments for economic development of the poor. Expansion of rural credit delivery system since 1947 has not changed the dependence of the poor on money lenders ad commission agents. The dependence of the rural poor on non-institutional sources of credit is one of the causes that perpetuate their poverty. The poverty alleviation and government sponsored schemes in banks have problems in implementation, with more Non Performing Assets than of other schemes and therefore failed to deliver the expected results. Thus the rural banking institutions are out of step with changing rural credit. The situation necessitated the formation Self Help Groups for enabling the poor to participate in the process of development. Micro Finance or Micro credit for the poor and women has received extensive recognition as a strategy for poverty reduction and for economic development. Micro finance aims at organizing people particularly around credit and building capacities to manage money. The focus is on getting the poor to mobilize their own funds, building their capacities and empowering them to leverage external credit.


2013 ◽  
Vol 6 (2) ◽  
Author(s):  
Isabelle Deschamps

AbstractThis article inquires into the Organisation pour l’harmonisation du droit des affaires en Afrique (OHADA)’s claims to innovation for its law reform processes and into its ambition to become a precedent for pursuing legal integration among countries elsewhere in Africa and in the world. It seeks to assess whether the OHADA regime effectively contributes to, or has the potential to contribute to, socio-economic development in member states. In making this assessment, the article revisits assumptions about the part that international and Western inspired law should play in development, institutional renovation and law reform in OHADA countries. The article argues that a shift of paradigms should occur in OHADA and international economic law from the foreign investor credo towards a more nuanced empirically informed approach to law making. Legal, policy and economic experts should concentrate more efforts on the needs, practices and realities of businesses in OHADA states, particularly local enterprises the majority of which are micro, small and medium (MSM) and are regulated by both formal and unofficial rules. Focusing on facilitating the operation of local businesses as well as on poverty reduction rather than on making regional economic integration, the dominant goal of business law reform in the OHADA can lead to commercial rules and strategies more successful at fostering sustainable development in member parties.Bearing this in mind, the article analyses some of the innovations ascribed to the OHADA regime with a view to investigating whether they actually contribute usefully to the operation of businesses and more generally to socio-economic development in member states. The attributes examined concern both the form and the substance of the new law. Part A looks at the alleged increased physical accessibility and logical ordering of member states’ business law rules. In order to better appreciate the impact of this claimed novelty, Part B focuses on the OHADA Acts themselves and analyses three of their fundamental characteristics, namely their supranational, transplanted and viral-like nature, the latter two qualifiers being used metaphorically. The article shows that while OHADA-promoted rules and concepts are innovative in a number of respects, their supranational, transplanted and viral qualities have either little, none or adverse effects on the operation of local MSM businesses in the OHADA region.Some commentators contend that the adverse effects and poor effectiveness of laws can be linked to a system’s legal origins. In particular, law and economics scholars and other academics have asserted that common law is a superior normative framework to civil law for law reform aimed at promoting economic development and the “rule of law”. Part C considers this claim and argues that the debate is beside the point since it presupposes a hermetic conception of legal traditions, conceives development as being primarily dependent on foreign investment and does not rest on solid empirical data from OHADA states.


2021 ◽  
Vol 2 (4) ◽  
pp. 233-245
Author(s):  
Nashrudin Setiawan ◽  
Emi Wakhyuni ◽  
Abdi Setiawan

Micro, Small and Medium Enterprises (MSMEs) are the lifeblood of the regional and national economy. In general, MSMEs in the national economy have the following roles: (1) as the main actors in economic activities, (2) the largest provider of employment, (3) important players in local economic development and community empowerment, (4) creating new markets and sources of innovation, and (5) its contribution to the balance of payments. In addition, MSMEs also have an important role, especially in the perspective of employment opportunities and sources of income for the poor, income distribution and poverty reduction, and MSMEs also play a role in rural economic development. The existence of the 2019 Coronavirus disease (Covid 19 pandemic) at the end of 2019 became an international problem, including in Indonesia. The COVID-19 pandemic has had economic, social, and and politics in almost all countries, including Indonesia. The economic impact of the COVID-19 pandemic has also been felt by the MSME sector in Samosir Regency. The impact caused by this pandemic includes 5 aspects, namely 1) Sales aspects. The average decline in MSME sales is 61%, 2) Aspects of operating profit. The average decrease in operating profit is 62%, 3) Capital aspect. The number of MSMEs experiencing capital problems increased to 71.4%, 4) Aspects of the number of employees. In this aspect, MSMEs reduced the number of employees by 22%, and 5) Aspects of the ability to pay bank installments. Almost all MSME actors (especially micro-enterprises) experience problems in carrying out their obligations to banks. This study also found that MSME actors in Samosir Regency had implemented an online sales strategy, although not all. The number of MSMEs that carry out online strategies has increased during the Covid 19. The survival ability of MSMEs that sell online is stronger than MSMEs that only sell offline.


2014 ◽  
pp. 88-117 ◽  
Author(s):  
G. Syunyaev ◽  
L. Polishchuk

We study the impact of Russian regional governors’ rotation and their affiliation with private sector firms for the quality of investment climate in Russian regions. A theoretical model presented in the paper predicts that these factors taken together improve “endogenous” property rights under authoritarian regimes. This conclusion is confirmed empirically by using Russian regional data for 2002—2010; early in that period gubernatorial elections had been canceled and replaced by federal government’s appointments. This is an indication that under certain conditions government rotation is beneficial for economic development even when democracy is suppressed.


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