The role of agriculture in economic development has undergone an important evolution. In the past‚ agriculture was often viewed as the passive partner in the development process‚ however‚ it is now typically regarded as an active and co-equal partner with the industrial sector. This essay addresses the question of how the agriculture sector can contribute to sustainable economic development of developing countries with the case examples of Zambia. In the same work‚ the essay suggests what the government
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ABSTRACT The development of agriculture since 1960 and its contribution to the growth of the economy has been discussed in the course of this study. It is however obvious from the analysis that though agriculture has contributed positively to economic growth‚ there are fundamental problems attributable largely to the characteristics of Nigerian agriculture. It is also evident that unfavourable environments as well as poor implementation of economic policies were detrimental to output increase in
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THE GROWTH OF ADR IN NIGERIA By Enenche Eleojo 1. INTRODUCTION As human beings‚ we are caught up daily in a complex web of social and commercial interactions. For as long as these interactions continue‚ interests are bound to clash. When interests clash or are in completion with the interest of others then we can say a dispute has arisen. For as long as humans exist there will be disputes. What makes the difference is how the disputes are resolved. Instinctively‚ once a dispute arises
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established that the Existence of an efficient and effective human capital is the key to economic growth and development in any nation. This stems from the fact that every other facility and resource required for economic development is driven by the availability of human capital. More so‚ in the absence of effective human capital development‚ an increasing population can have adverse negative effect on the economic growth of a nation. This is because a lot more resources is taken out to manage and cater
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GLOBALIZATION AND ECONOMIC GROWTH: EMPIRICAL EVIDENCE FROM NIGERIA By KELECHI IYOKO. Abstract The concomitant unequal distribution of the benefits of Globalisation and the fear expressed by most developing countries about the negative impact of globalization‚ has made the question on the relationship between globalization (characterized by foreign direct investment‚ economy openness and net capital flows) and Economic Growth both in developed and developing countries lie at the heart
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WP/04/97 Achieving and Maintaining Price Stability in Nigeria Nicoletta Batini © 2004 International Monetary Fund WP/04/97 IMF Working Paper Research Department Achieving and Maintaining Price Stability in Nigeria Prepared by Nicoletta Batini1 Authorized for distribution by James Morsink June 2004 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent
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The aim of this work is discuss Nigeria’s regional economic bloc (ECOWAS)‚ the implications of this Economic Bloc to International Business and its advantages and disadvantages to Nigeria. Introduction: Nigeria is a country located in West Africa; it has a population of about 160‚027‚000 (World Economic Fact Book 2010). Its main produce is oil and petroleum; the country is also a key
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Economic growth From Wikipedia‚ the free encyclopedia This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (April 2011) GDP real growth rates‚ 1990–1998 and 1990–2006‚ in selected countries. Rate of change of Gross domestic product‚ world and OECD‚ since 1961 Economic growth caused the production-possibility frontier to shift outward. Economic growth
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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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The financial markets are types of markets designed for the creation and disposition of financial assets. There are two sections of the financial markets in Nigeria‚ namely: money market and capital market (Central Bank of Nigeria-CBN‚ 2004; 2007). A financial asset is created when one party in exchange for cash issues a receipt of acknowledgement which entitles the holder a claim of pecuniary nature against future interests of the issuer. Financial assets fall into three general categories namely:
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