CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Recent literatures on economic growth asserted that ex-ante development of the financial system facilitate ex-post economic growth (e.g. Rajan and Zingales). In recent time‚ the link between financial market development and economic growth has received much attention in the literatures (King and Levine 1993‚ Rajan and Zingales 1998‚ Calderon and Liu 2002‚ Sunday E. Ewah and Judey Bassey 2004‚ T.S. Osinubi 2000). This is not unexpected
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China Economic Review 17 (2006) 395 – 411 Financial development and economic growth: Evidence from China Qi LIANG a‚b‚*‚ Jian-Zhou TENG c‚d b Department of Finance‚ School of Economics‚ Nankai University‚ Tianjin‚ 300071‚ China Graduate School of Commerce and Management‚ Hitotsubashi University‚ Kunitachi‚ 186-8601 Tokyo‚ Japan c Graduate School of Economics‚ Hitotsubashi University‚ Kunitachi‚ 186-8601 Tokyo‚ Japan d School of Mathematics and Statistics‚ Northeast Normal University‚ Changchun
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Explain this statement. Does Economic Development always lead to Improvements in Livind Standards? Economic growth and economic development are often thought to be synonymous but although the two are closely linked‚ there are crucial differences in their meanings. Economic growth is defined as ’a rise in the total output (goods or services) produced by a country’. It is measured by the percent rate of increase in the gross domestic product (GDP). Economic development as defined by Todaro is "not purely
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has been passing through a financial crisis and lower growth rate for years together due to negative results from operations since its nationalization.
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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 for
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that human resource functions becomes only operational when training has run through them all. This places training and development as an essential function in the survival of any organization. Increasingly‚ high performance organizations today are recognizing the need to use best training and development practices to enhance their competitive advantage. Training and development is an essential element of every business if the value and potential of its people is to be harnessed and grown. Competitions
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the back pews even the small children. Other ladies aren’t wearing a formal attire instead they some wore a blouse with the back open‚ spaghetti strap with a see through bolero or blazer. Others were wearing a skirt that is above the knee. The church at Anabu Kostal just finish an extension of a multipurpose hall behind as it was announced every mass and how much their expenses were. There were so transparent about the money that they collect which is good because people there can really do know
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CHAPTER 1: NATURE AND SCOPE OF THE STUDY. Introduction Rustenburg is situated in the Southern region of the North West Province‚ most of the economic activity happens in this part of the province. The province recorded an economic growth rate of 4.9% in 2004/05 compared with 4.5% in 2003/04. The largest contributors to the GDP of the province in 2004 were the mining and quarrying industries (24.9%)‚ finance‚ real estate and business services (13.6%) and the general government services
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present here. I am present before you today in this Elocution competition on behalf of my House to speak a few lines on the topic— “Corruption-greatest obstacle for the growth and development of our country.” Corruption is the abuse of entrusted power for private gain‚ is the single greatest obstacle to economic and social development around the world. Political corruption is the use of legislated powers by government officials for illegitimate private gain. Misuse of government power for other purposes
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Topic of Research: The suggested research topic is: "The Impact of Development Grants on Growth of SMEs in Rural Tanzania". 2. Brief Statement of the Research Problem: Tanzania has recognised the importance of SMEs to the economic developments of the country‚ and has taken various measures to support their growth. However‚ despite of the efforts to enhance SMEs growth into the country‚ still a number of factors limit their growth. One of the many limiting factors is lack of capital to start up businesses
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