Business Commons^™

The Impact Of Globalization On Domestic Growth In Africa, Thomas L. Ainscough, Todd M. Shank

Journal of Global Business Insights

Research into the impacts of globalization on domestic growth in Africa has been scarce and the results of the research that does exist have been mixed. This research addresses this gap in the literature by using the newly revised KOF Globalization Index to determine the impact of social, political, and financial globalization on African economies. The KOF Index was revised substantially in 2019. Our full data set includes 40 years of data, from 1980-2019. Findings indicate that the relationship between globalization and GDP is best represented by a non-linear cubic model. With that model, social globalization has become Africa’s most …

Decoding Underperformance Of Entrepreneurship At The Bottom Of The Pyramid: A Literature Review Of The Field, Amber Y. Chang, Yalan Xu

New England Journal of Entrepreneurship

Purpose – Driving economic development at the bottom of the pyramid (BOP) is an enduring global challenge. While the market-based approach places hope on entrepreneurship as a major impetus to drive the underdeveloped economy, the performance of entrepreneurial businesses and their impact on poverty reduction are sometimes below expectations. This paper seeks to examine the factors that may be hindering entrepreneurship within the BOP context. This paper presents preliminary answers and provides research suggestions related to this question.

Design/methodology/approach – In order to identify the reasons behind the underperformance of entrepreneurship at the BOP, a comprehensive literature review was conducted …

Africa's Knowledge Economy And Links To India, Anand Kulkarni

International Review of Business and Economics

Competitive advantage for economies, both developed and developing, will be increasingly based on knowledge in all its forms, including science and technology, smart entrepreneurship, and new business and organizational development models. Due to COVID-19, the need for innovative solutions to health and economic disruptions has never been as keenly felt. This paper is structured in five parts. The first part examines the extent to which various countries in Sub-Saharan Africa participate in the global knowledge economy. Data is drawn from the UN Knowledge Index and canvases knowledge economy parameters such as research and development, value-added industrial production and knowledge-intensive services, …

Enhancing The Competitiveness Of Small And Medium Companies Mechanism To Activate Their Development Role, Ghiat Cherif M, Mukahlia Mohyaddine

AAU Journal of Business and Law مجلة جامعة العين للأعمال والقانون

The study aims to show the importance of existing factors of enhancing competitiveness in SMEs in order for activating their development role. The study adopts questionnaire methodology that distributed to a number of small and medium companies, where 26 companies, in Guelma and Tebessa cities, responded to the questionnaire. To achieve the objectives of the study and examine its hypotheses, it relied on primary and secondary data along with using many statistical tools such as percentages, repetitions, simple linear regression (Alpha Kronbach). The study concludes a set of findings, most notably the necessity to enhance and develop the competitiveness of …

The Improvement Of Transport System Leads To Economic Growth: A Myth Or A Reality?, A. K. Abdullaev

International Relations: Politics, Economics, Law

The given article is devoted to the relation and mutual influence of transport sphere and economic growth. The author analyzes how transport investments and improvements can lead to economic growth and other gains for the country.

Regional Advisory Councils To Support Nascent Rural Entrepreneurs, Sharon R. Paynter, Michael L. Harris, Dennis Barber Iii

The Journal of Extension

Traditional economic development efforts have been unable to address the nuances of rural communities. Entrepreneurship can be an important process and a vital component for building rural resiliency. As part of RISE29, a grant funded program, regional advisory councils have been established an act as a crucial extension tool for East Carolina University. The goal of these councils is to incorporate the narrative and discourse of the importance of entrepreneurship as a part of inclusive rural economic development strategies.

Characteristics Of Effective Leaders In Economic Development: An Exploratory Study, Donna K. Fisher, Russell Kent, Linda Nottingham, J Robert B. Field

Southern Business Review

Donna K. Fisher, Ph.D., is an assistant professor, School of Economic Development, College of Business Administration, Georgia Southern University, Statesboro, GA 30460-8152.

Russell Kent, Ph.D., is a professor, Department of Marketing & Logistics. College of Business Administration, Georgia Southern University, Statesboro, GA 30460-8154.

Linda Nottingham, ABD, is an instructor, Central Florida College, Winter Park, FL 32789.

J Robert B. Field, Ph.D., is an assistant professor of marketing, Algoma University College, Sault Ste. Marie, Ontario P6A 2G4, Canada.

Pension Fund, Financial Development And Output Growth In Nigeria, Iwegbu Onyebuchi

Bullion

This study examines the indirect effect of pension fund on economic growth in Nigeria through the financial system. Using Autoregressive Distributive Lag (ARDL) model, the study found out that pension fund contribution is effective in stimulating growth through investment in portfolios that yield short term returns; this implies that pension fund contribution cannot on its own without a credible financial system impact on economic growth. The policy implication of this study is for Pension Fund Administrators (PFAs) to invest in portfolios with short-term returns; thus, a large chunk of funds invested in federal government securities should be unbundled to other …

Under Utilization Of Human Resource And Its Management- A Case Study Of Purba Khairbari Village, Alipurduar, West Bengal, Arunima Bhattacharya

International Review of Business and Economics

The notion that workers could be seen as a potential asset was subsequently in use during the 1910s and 1920s and was termed “human resource”.Human resources play an important part in developing and making a country. Women educationandparticipationisvitalfor economic development because it can directly influence on entrepreneurship, productivity growth and then increases employment opportunities and women empowerment. The paperthrows light on the gloomy scenario of under utilization of women work power in the Purba Khairbari village (J.L.No. 36), Madarihat Block of Alipurduar District, West Bengal. It also shows the positive correlation between education and employment of women. However, certain corrective …

A Study On Business Ethics In Corporate Social Responsibility, K. Khasimpeera, M Sugunatha Reddy Ph.D.

International Review of Business and Economics

Morals and Corporate Social Responsibility are perceived as significant worries in settling on choice in all parts of our life. What’s more, it’s adding to quicken the procedure of in generalimprovementofacountry.India being the second most crowded nation on the planet, and have the biggest number of individuals needing essential pleasantries call for progressively escalated endeavors as a major aspect of such activities in the medicinal services space of the country. We as a whole realize that individuals take part in business to win benefit. Be that as it may, making benefit isn’t the sole capacity of the business. It performs …

Economic Engagement, Development, And Entrepreneurship: The Role Of Applied Public Service Colleges, Jason Jolley, Gilbert Michaud

eJournal of Public Affairs

This paper investigates the unique role of applied public service colleges in engaging with communities through economic development and entrepreneurship-related activities. Schools of public administration, affairs, and service are often distinctively tasked with being public facing, and connecting and working with outside agencies, nonprofits, and other stakeholders. Using a case study of Ohio University’s Voinovich School of Leadership and Public Affairs, we discuss the emerging engagement role of these types of schools through a typology of strategies brought forth by the Association of Public and Land Grant Universities. We outline seven specific programs run by the Voinovich School, and discuss …

Addressing Infrastructure Gap Via Public-Private Partnership In Nigeria, Chiedu Ndubisi

Bullion

This paper is arranged in nine Sections. It commenced by examining the issue of the nature of infrastructure and the implication for financing. It also looked at the catalytic role of infrastructure on economic growth and development, including the debilitating implication of its negligence by policy makers. next, the paper attempted at establishing the nexus between infrastructure and economic growth and development.

The Role Of Small Business And Private Entrepreneurship In The Development Of The Industrial Sector, Sh. R. Jumaniyazova

Central Asian Problems of Modern Science and Education

This article outlines the role of small business and private entrepreneurship in the industry, which is one of the leading sectors of the economy, as well as increasing the incomes and well-being of the population

Demystifying The Microeconomic Foundation Of Economic Development In Nigeria: Evidence From Ease Of Doing Business Index, Imandojemu Kingsley

Bullion

The welfare of the citizenry in a modern economy depends critically on the state of the consumer behaviour of the household and the production decisions of business firms. Despite the efforts of the monetary authorities in supporting the micro-components of the economy and invariably improving the Ease of Doing Business in the country, very little has been done to evaluate their appropriateness in stimulating economic development. Against this backdrop, this paper critically examines the impact of supporting the microeconomic units on economic development in Nigeria.

Cbn Real Sector Financing For Inclusive Growth And Economic Development., Mudashiru A. Olaitan

Bullion

The fall in crude oil in the international market has expose Nigeria's vulnerability to external shocks and overdependence on a mono-product economy thereby presenting the opportunity for Nigeria to diversify its economy away from oil into agriculture, manufacturing services and other non-oil sectors. This paper examines the need to support key sectors that are drivers of growth and to also upscale its developmental finance initiatives targeted at economic growth, deepening of deepening of credit delivery to the real sector. The paper highlighted focal areas and the interventions by CBN in these areas to include Agricultural sector; Infrastructure; Manufacturing sector; MSMEs …

Telecommunications Infrastructure: Another O-Ring In The Economic Development Of The Third World, James Germano

Catholic University Journal of Law and Technology

No abstract provided.

Entrepreneurial Motivations And Characteristics Of Niger Delta Youths: An Exploratory Study, Anthony O. Aligba, Gene E. Fusch

Journal of Sustainable Social Change

This article explored the lived experiences and perceptions of youths in the Niger Delta regarding the factors that influence the decision to become an entrepreneur. Drawing from the theories of motivation and planned behavior, the conceptual framework of this phenomenological study underscored the synergetic relationship between entrepreneurial motivations and characteristics. Using semistructured interviews to collect primary data, 20 youth small and medium enterprise owners shared their perceptions and lived experiences regarding their perceived entrepreneurial motivations and characteristics. The analysis and coding of data helped to identify emergent themes based on the modified van Kaam seven-step approach. The research findings revealed …

Following The Money: An Analysis Of Foundation Grantmaking For Community And Economic Development, Keith Wardrip, William Lambe, Mels De Zeeuw

The Foundation Review

The article challenges the perception among some in the field of community and economic development that small and socioeconomically distressed metro areas do not attract a proportional share of grant capital from the nation’s largest foundations.

The analysis presented in this article reviewed nearly 169,000 community and economic development grants made by the largest foundations between 2008 and 2013 to identify metro- area characteristics that are associated with higher levels of grant receipt.

The density of nonprofit organizations and the presence of large, local foundations are shown to be consistently significant predictors of grant receipt. After controlling for these and …

Overview Of Development Financing: The Case Of Central Bank Of Nigeria, M. A. Olaitan

Bullion

This study highlighted the functions of Central Bank under development finance and economic development, and it also went further to state the mandate of the development finance Department which is the development and implementation of policies, programmes and schemes aimed at the effective, efficient and sustainable delivery of financial services to the real sector of the Nigerian economy. The objective of the mandate are to increase the flow of financial resources to the real sector, create wealth and jobs, reduce poverty and so on.

An Entrepreneurial Context For The Theory Of The Firm: Exploring Assumptions And Consequences, Arturo E. Osorio, Banu Ozkazanc-Pan, Paul F. Donnelly

New England Journal of Entrepreneurship

While entrepreneurship may be driven by personal interests and lifestyle choices, entrepreneurial actions are not only economically driven opportunity-searching processes but also enactments of social transformation that may or may not lead to socioeconomic benefits. We advance that exploring these entrepreneurial processes can inform a theory of the firm that may explain how socioeconomic processes shape the socioeconomic environment of communities while serving individuals. This article discusses several understandings of the firm, as theorized in extant literature. Guided by these different conceptualizations, we present a case study of an artist and artisan cluster in Western Massachusetts to demonstrate various understandings …

An Emerging Model Of Innovation For Maine, Renee Kelly

Maine Policy Review

The state of Maine began making significant investments in research and development in the late 1990s, aligning those investments with industry sectors that drew upon the state’s traditional strengths as well as emerging industries such as biotechnology. This strategy was largely built upon the cluster theory of economic development, which can be challenging to implement in rural areas, in part because of their less dense social networks. This paper suggests that developing more efficient social networks will build stronger clusters and make rural areas more successful in innovation, and presents the Blackstone Accelerates Growth initiative as an emerging model for …

Financial Inclusion Initiatives And National Economic Development, Paul N. Eluhaiwe

Bullion

The paper present a clear understanding of the term financial inclusion, its role in economic development, measures being adopted to forge financial inclusion by selected countries and the attempt being made by Nigerian to follow suit. Section two of this paper gives an overview of the concept financial inclusion, section three highlights the difference between financial inclusion and economic development. Section four presents country experiences on financial inclusion followed by highlights of the current state of financial inclusion in Nigeria.

The Role Of The Site Selector, Andrew H. Shapiro

South Carolina Journal of International Law and Business

No abstract provided.

Micmac Farms: From Community Garden To Four-Season Farm And Retail Outlet, Jane Caulfield

Maine Policy Review

This short case study describes how Maine’s Micmac tribe is developing “Micmac Farms” from a community garden to a four-season agricultural business.

Banking System Credit As An Instrument Of Economic Growth In Nigeria, Andrew O. Agbada

Bullion

Globally, banks in developing countries are expected to play very vital and effective roles in financing their economic projects and activities as their contribution in ensuring sustainable economic growth. This expectation is as a result of the fact that there is acute shortage of capital in the developing countries of the world. ln this paper, attempt was made to address how banking system credit can be used as an instrument of economic growth in Nigeria. The specific objectives that banking system credit were expected to achieve were also stated. lt's was revealed that though credits have increased tremendously in recent …

A Comparison Of Labor Arbitration Procedures In The U.S. And China, Yang Xinjiletu, Carl F. Jenks Purdue, Han Weihong

Mountain Plains Journal of Business and Technology

The purpose of this paper is threefold: 1) compare the labor arbitration procedures of the U.S. and China; 2) identify labor issues that may be problematic for China in the future; and 3) recommend how China may address future workplace problems in its emerging economy. It is generally accepted that American labor arbitration is not a perfect process, but it is a reasonable Alternate Dispute Resolution (ADR) Procedure. More importantly, it is less expensive than litigation, and it provides finality to workplace disputes. In the volatile industrial economy of China, one could reasonably expect that there is the potential for …

Knowledge Flows And Economic Development Through Microenterprise Collaboration In Third-Sector Communities, Raymond M. Jones, Roger J. Kashlak, Audra M. Jones

New England Journal of Entrepreneurship

"The U.N. once dealt only with governments. By now we know that peace and prosperity cannot be achieved without partnership involving governments, international organizations, the business community and civil society. In today’s world we depend on each other.” Kofi Annan, UN Secretary (1999).

As emphasized by Secretary Annan’s quote, the global community is increasingly concerned with economic development and promotion of democracies is focusing on developing programs to stimulate partnerships among three distinct sectors: government sector, civil society and private sector, including locally based and international entrepreneurs. The modern organization is becoming increasingly informed in its strategies and practices by …

Multvariate Analysis Of The Inter-Relationship Among Organisational Culture, Commitment And Change, S. Kaliyamoorthy, R. Mohankumar

Management Dynamics

No abstract provided.

Cultural Tourism: Exploration Or Exploitation Of American Indians?, Kristal Markowitz

American Indian Law Review

No abstract provided.

Financing And Promoting Small-Scale Industries. Concept, Issues And Prospects., C. M. Anyanwu

Bullion

The importance of small-scale industries in promoting industrialization and economic growth has been recognized globally. This paper discusses the concepts and issues that are associated with the financing and promoting of small scale industries. Nigeria is blessed with vast natural resources, including oil, gas and solid minerals, already confirmed to exist in commercial quantities. Small-scale industries development can be used for achieving the objectives of the poverty alleviation programme of the Government, given that they are highly labour intensive. Nigeria is blessed with vast natural resources, including oil, gas and solid minerals, already confirmed to exist in commercial quantities. She …