of financial institutions for accelerating the pace of development. Commercial banks have played a critical role in the economic development of a country. Now a day’s commercial banks are important not just from the point of view of economic growth‚ but also financial stability. In emerging economies‚ commercial banks are special for three important reasons. First‚ they take a leading role in developing other financial intermediaries and markets. Second‚ due to the absence of well-developed equity
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Role of Commercial Banks in the Economic Development of a Country: Commercial banks are one of the three primary agents which help circulating funds in the market. Commercial banks provide loans and corporate bonds to the households‚ new start ups and small medium enterprises to run their businesses. It also obtains money from the households and invests that money to other profitable investments. The money held as customer account then accrues interest which is given to the customer in the form
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Role of Financial Institutions in Economy’s Development of Pakistan The importance of Financial Institutions (FIs) cannot be overemphasized. Financial Institutions perform the important function between providers of investable funds (depositors‚ securities holders etc.) and the users of such funds (namely businesses). Any economy can’t progress without its financial sector facilitates its business activities consistently‚ and in the case of a developing country like Pakistan‚ these FIs act as a necessary
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THE KEY ROLE OF TECHNOLOGICAL PROGRESS IN ECONOMIC GROWTH A key determinant of economic growth is technology‚ or ways or combining re¬sources to produce goods and services. New management techniques‚ scientific dis¬coveries‚ and other innovations improve technology. Technological advances allow the production of more output from a given amount of resources. This means that technological progress accelerates economic growth for any given rate of growth in the labor force and the capital stock.
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JÖNKÖPING INTERNATIONAL BUSINESS SCHOOL JÖNKÖPING UNIVERSITY The Role of FDI and Openness to Trade in Economic Growth A study of Africa and Asia Bachelor thesis within Economics Author: Maria Beradović 851117-2986 Jeanette Hennix 801004-4827 Tutor: Ass. Prof. Scott Hacker Ph.D. Candidate James Dzansi Jönköping 01-2009 Acknowledgements The authors would like to thank Associate Professor Scott Hacker and PhD Candidate James Dzansi for the help‚ guidance and support during the process of
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DERIBE MENGESHA 000799350 BUSI 1546 FOUNDATIONS OF SCHOLARSHIP AND RESEARCH THE ROLE OF MICRO FINANCE IN NATIONAL ECONOMIC GROWTH TOPIC REVIEW DR. GIRMA GEZAHEGN JULY 17‚ 2013 TABLE OF CONTENTS 1. INTRODUCTION 2. DEFINITION OF MICROFINANCE 3. KEY CHARACTERISTICS OF MICRO FINANCE 4. DEBATE ON IMPACTS OF MICRO FINANCE 4.1 IMPACT ON POVERTY REDUCTION 4.2 THE INTEREST RATE 5. THE CONTRIBUTIONS OF MICRO FINANCE TO NATIONAL ECONOMIC GROWTH 6. MICRO FINANCE AND GROWTH IN RELATION TO TWO COUNTRIES 6.1 THE CASE
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has been underscored that discount houses play very important roles in stimulating investments in the economy and in boosting the general operations of the money market. Not only do they serve as catalyst in the market‚ they are‚ on their own‚ large-scale investors in the money market as well. Their role in facilitating profitable open market operations is worth stressing (CBN‚ 2004; Ezirim‚ 2005). Notwithstanding these and other roles performed by discount houses in a typical economy‚ the Nigerian
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Financial Institution In financial economics‚ a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are highly regulated by government. Broadly speaking‚ there are three major types of financial institutions: 1. Deposit-taking institutions that accept and manage deposits and make loans‚ including banks
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THE ROLE OF REGIONAL ECONOMIC GROUPINGS IN THE DEVLOPMENT PROCESS DENFORD JERE[1] REGIONAL ECONOMIC GROUPINGS (REGs) aim to create larger economic units from smaller national economies and for this purpose‚ they aim to remove trade barriers and establish closer co-ordination and co-operation among the countries involved (Parsons‚ 2000: 1). They have also been recognized as a means towards expanding trade and investment opportunities‚ and for promoting economic growth and sustainable development
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References: Communication is central to effective library service. According to Koonts and O’donnel (2005) communication is important to all phases of management by every individual within the system and is particularly important in directing and leading any system. Defleur‚ M. L. & Dennis‚ E. E. (2005); Understanding Mass Communication: A Liberal Perspective (7th ed.) Boston: Houghton. Mifflin. Hoy‚ W. K.‚ C. G. (1998);
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