THE IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN NIGERIA. BY ABUBAKAR SADIQ SALEH Department of Banking and Finance‚ University of Abuja abubakar008@yahoo.co.uk ABSTRACT Debt is borrowing that is either for the purpose of smoothening the consumption path in the face of transitory shocks or as a means of supplementing domestic savings in order to expand productive capacity and raise the long – run growth rate. The objective of this work
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and Economic Growth in India –An Empirical Analysis Prasanna V Salian1‚ Gopakumar. K2 Abstract This paper seeks to examine the relationship between inflation and GDP growth in India. An empirical evidence is obtained from the cointegration and error correction models using annual data collected from the Reserve Bank of India. The result shows that there is a long-run negative relationship between inflation and GDP growth rate in India. Inflation is harmful rather than helpful to growth. These
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century the South provided three-fifths of America’s exports‚ most of it in cotton. The cotton gin gave birth to the American mass-production concept and brought the South prosperity‚ but still contributed to the growth of slavery. While the cotton gin reduced the labor of removing seeds‚ it did not reduce the need for slaves to grow and pick the cotton. Cotton growing became so profitable for the planters that it greatly increased their demand for both land and slave labor. Because
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Australian Requirement for Business Combinations Abstract: The issue of accounting for Business Combinations‚ according to Australian standards‚ has been a cause of considerable concerns and controversies for both‚ accountants and academics. However‚ due to the enormity of transactions involved in it‚ it becomes highly important to understand its application. In this research‚ we will outline various concepts and definitions to business combinations and address some important issues such
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1 China’s economic growth and poverty reduction (1978-2002) By Hu Angang，Hu Linlin and Chang Zhixiao1 [Abstract] This article has summarized and evaluated the trend of China’s poverty decrease in the period of 1978-2002‚ considering that China has obtained great achievements in the area of poverty decrease sine 1978 and made great contributions to the world; however‚ poverty decrease has not corresponded to the economic growth and it has slowed down the pace since the middle of 1980s; in addition
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A REVIEW ON NESTLE GHANA LIMITED AND HOW IT IS AFFECTED BY ENVIRONMANTAL FACTORS. 1.0 INTRODUCTION Nestlé Global is a Swiss company‚ founded in 1866 by Henri Nestlé. Nestle is undoubtedly one of the most proficient food companies not only in Ghana but all over the world. Nestlé is the largest food and beverage company in the world. It is also well on its way to becoming world leader in nutrition‚ health and wellness. Nestlé markets its products in 130 countries across the world. Nestlé manufactures
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from the Social Democratic Party (SDP) and the Independent Social Democratic Party of Germany (USDP). Shifting the power from the military. December 1918 they met in the town of Weimar forming what was called the Weimar coalition‚ they then elected SDP leader Friedrich Ebert as the president of the Weimar republic. August 11‚ 1919 the Weimar constitution was signed into law by Ebert. Regardless of having the constitution in place‚ the Weimar republic encountered Germanys greatest economic downpours
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The relationship between the economic growth and environment is and may always remain a complex matter. Some perceive the emergence of new pollution problems unsuccessful when dealing with global warming. There are others however‚ that have a more optimistic view. They see tremendous progress made in improving air quality in major cities and note ever improving human condition which was made possible by the advances of technology. The limited natural resources of the planet had many years been
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BACKGROUND TO THE STUDY Education is a process in which knowledge and social capabilities demanded‚ are acquired. It is to a nation‚ what the mind is to the body‚ just as a deceased mind is handicapped in the co-ordination and direction of the bodily activities setbacks in the education system would act as a hindrance to economic development. Thus‚ the single most significant complex of social-control tools for national development is found in the educational system; be it formal
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review 1 Word Count: 955 Introduction: This report has explored that whether economic growth is good‚ and base on Robert Reich’s article“Why Growth is Good” to critique economic growth. In Reich’s opinion‚ the economic growth has much more benefits than weakness. Even though the economic growth leads to environment pollution‚ Reich also states that environment can be improvement. And the more economic capacity country has the more ability to improve environment and public faclity. The poor
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