which is an ancient banking system in Ghana‚ worth USD 160 million. The model resembles microfinance in several ways; susu collectors (equivalent of loan officers) roam villages and rural communities to collect savings (micro-savings) and sometimes offer credit against these savings (microcredit). The susu collector is expected to manage the “mobile mini-bank” on his/her own with integrity and honestly. There are currently around 4‚000 susu collectors in Ghana and each one of them serves between
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Project: Economic migrants The general meaning of “ Migration” is relocation or a move. An economic migration is happening when a person travels a long distance and from one country into another in order to find an employment or a better living. From the late 1950th onwards Germany had one of the world’s strongest economies. The newspapers called it an “economic miracle” when they wrote about the economic development in Germany after the World War II. Reasons for the massive economic growth were
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inflation in the economy A great deal of economic literature concerns the question of what causes inflation and what effects it has. A small amount of inflation is often viewed as having a positive effect on the economy. One reason for this is that it is difficult to renegotiate some prices‚ and particularly wages‚ downwards‚ so that with generally increasing prices it is easier for relative prices to adjust. Inflation may also have negative effects on the economy: • Increasing uncertainty
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Causes and Effects of Taxes I. Introduction A. One of the first lessons learned about cause and effect is the very important lesson‚ "correlation does not imply causation." II. Top two percent of Americans A. Raise taxes B. Taxing the rich is good for the economy III. Cause A. High taxes IV. Effects of high taxes A. Low wages- businesses can’t afford to pay high wages with such high taxes B. High prices- businesses have to raise prices to be able to pay these high
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Discuss the relationship between entrepreneurship‚ innovation and economic development. What roles do creativity and problem solving play in this relationship? Refer to both theory and examples from the business world to support your case. It seems inevitable that there will be a strong link between entrepreneurship‚ innovation and economic development and that creativity and problem solving play a key part in this. It is important‚ however‚ to first have a better understanding of the definition
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Era" two significant kingdoms flourished on the west coast of what some refer to as the motherland: Africa. The name of these two mighty states are Ghana and Mali. Ghana was the first West African state of which their was any record. After the downfall near the end of the eleventh century‚ Mali rose up to take their place as the economic‚ religious‚ and cultural hub of West Africa. These two states are very similar yet differ in many ways also. The economy of the two states are very
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Essay on National Development SENTHIL KUMAR ESSAY The term National development is very comprehensive. It includes all aspects of the nation. It is dynamic and revolutionary development. National development is the total effect of all citizens’ forces and addition to stock of all physical‚ human resources‚ knowledge and skill. National development is growth plus change; change in turn is social‚ cultural‚ and economic. It is qualitative as well as quantitative. Development is brought by human
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INTRODUCTION………………………………………………………………………………………………… 3-4 2. FOREIGN AID AND ECONOMIC DEVELOPMNET IN BANGLADESH…………………………………. 5-7 1. Nature of Foreign Aid & its Importance towards Economic Development 2. Effects of Conditionality & Domestic Accountability 3. Different Views on Donors Conditionality 4. Role of Civil Society 3. FOREIGN AID TO BANGLADESH……………………………………………………………………………... 8-13 3.1 Development program in Chittagong and Aid analysis 4. AID‚ GOVERNANCE
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ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT In contemporary times‚ certain economic registers are used frequently. Arguably two of these most used terms in economics‚ ‘economic growth’ and ‘economic development’ are terms that just about everyone is at least remotely familiar with‚ even if they have not studied economics at all. Sometimes it seems everyone knows what economic growth and economic development is. Politicians use these terms all the time‚ and so do teachers‚ managers and even preachers
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Democracy and Economic Development* Adam Przeworski Department of Politics New York University I examine the mutual relation between political regimes and economic development. An analysis of regime dynamics shows that while the paths to democracy are varied‚ once established for whatever reasons‚ democracies survive in developed countries. Contrary to long-standing arguments‚ political regimes do not affect the rate of investment and of the growth of total income. But since population grows
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