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1989

Economics

Journal

Articles 1 - 19 of 19

Full-Text Articles in Social and Behavioral Sciences

Developments In The Agricultural Sector During The Second Quarter Of 1989, Central Bank Of Nigeria Cbn Jun 1989

Developments In The Agricultural Sector During The Second Quarter Of 1989, Central Bank Of Nigeria Cbn

Economic and Financial Review

There was a renewed optimism during the quarter that substantial growth in output could occur during the year, if the improvement in weather conditions and production environment was sustained. Available data showed that average monthly rainfall during the quarter was 177.53mm, representing a substantial rise over the 15 .4mm of the preceding quarter (which experienced an unusually prolonged dry spell) and about 18.3 per cent over the level of 150.1mm in the corresponding period of 1988. The distribution pattern showed that all the states of the Federation recorded rains during the quarter.

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Developments In The Industrial Sector In The Second Quarter Of 1989, Central Bank Of Nigeria Cbn Jun 1989

Developments In The Industrial Sector In The Second Quarter Of 1989, Central Bank Of Nigeria Cbn

Economic and Financial Review

Aggregate industrial output improved during the second quarter of the year in spite of the problems of high production costs and liquidity constraints. The index of industrial production at 225.6 (1972 = 100) increased by 6.7 and 3.6. per cent over its levels 'in the corresponding quarter of 1988 and the first quarter of 1989, respectively (see table I). Compared with its level in the corresponding quarter of 1988, the rise in industrial output was accounted for by the respective increases of 20.6 and 2.4 per cent in mining and manufacturing output which outweighed the decline of 2.8 per cent …

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Stock Market Report For The Second Quarter Of 1989, Central Bank Of Nigeria Cbn Jun 1989

Stock Market Report For The Second Quarter Of 1989, Central Bank Of Nigeria Cbn

Economic and Financial Review

The main event that dominated the transactions on the Nigerian Stock Exchange during the second quarter, 1989 was the compulsory transfer of the accounts of ministries and parastatals from the commercial and merchant banks to the CBN. In an attempt to raise their liquidity positions the banks and other private holders of Federal Government Development Stocks unloaded their holdings of the stocks on the Exchange. Consequently, the total volume of stocks traded rose from 14.9 million in 6558 deals during the first quarter of 1989 to 270.9 million in 8307 deals in the quarter under review. Compared with the corresponding …

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Developments In The Retail Prices Of Selected Consumer Items In Lagos Area During The Second Quarter Of 1989, Central Bank Of Nigeria Cbn Jun 1989

Developments In The Retail Prices Of Selected Consumer Items In Lagos Area During The Second Quarter Of 1989, Central Bank Of Nigeria Cbn

Economic and Financial Review

The results obtained from the price surveys of selected consumer items in the Lagos Area during the second quarter of 1989, indicated an upward movement in the prices of most of the items sampled. While some items recorded modest price declines below the level in the first quarter of 1989, these declines were not enough to offset the increases noticed in all the component price indices. Most of the traders interviewed during the surveys attributed the increase in prices mainly to rising costs of production inputs, and transportation as well as excess demand pressures on agricultural commodities.

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Developments In The External Sector During The Second Quarter Of 1989, Central Bank Of Nigeria Cbn Jun 1989

Developments In The External Sector During The Second Quarter Of 1989, Central Bank Of Nigeria Cbn

Economic and Financial Review

The pressure on the external sector eased considerably in the second quarter of 1989 as foreign exchange flows into. and out of the economy indicated a turn around from a net outflow of 'fijl .7 million in the second quarter of 1988 to a net inflow of $245 .0 million. The improvement was attributed to increased earnings by the oil sector due to the rise in crude oil prices and export volume, increased drawings on external loans, decline in debt service and reduced funding of the foreign exchange market. However, the position represented a deterioration when compared with the net …

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Nigeria's External Debt Problems: A Review Of Management Efforts And The Prospects, M. O. Ojo Jun 1989

Nigeria's External Debt Problems: A Review Of Management Efforts And The Prospects, M. O. Ojo

Economic and Financial Review

This article provided the most recent information on efforts being made to reduce Nigeria's huge external debt burden. In order to evaluate such efforts, it discussed both theoretical and practical issues on the international management of the debt crisis. It was observed that the wide gulf between the debtor countries and the creditors, especially the commercial banks has been significantly bridged in the last three years. The article noted that while Nigeria has made commendable progress in reducing her debt burden, a lot more still needs to be done to make the efforts to have the desirable positive impact. More …

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Nigeria's Insurance Industry In 1987, Central Bank Of Nigeria Cbn Jun 1989

Nigeria's Insurance Industry In 1987, Central Bank Of Nigeria Cbn

Economic and Financial Review

Important rughlights of the report include the fact that Insurance business was prosperous in 1987 as the income of insurers rose significantly faster than their expenditures. However, the prosperity affected the companies in the nonlife business more as the premium income of life insurance companies declined sharply in 1987 during which period their expenditure also increased. In terms of ownership, the prosperity accrued mainly to wholly indigenous non-life companies most, as these companies dominated the more lucrative aspects of insurance business in 1987. Another important point in the report is the fact that minimum paid-up capital stipulated in the Insurance …

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Towards A Single Monetary Zone In The Ecowas Sub-Region: A Progress Report, S. E. Omoruyi Jun 1989

Towards A Single Monetary Zone In The Ecowas Sub-Region: A Progress Report, S. E. Omoruyi

Economic and Financial Review

The call for a common currency for the West African sub-region has been considered generally as a veritable vehicle for achieving the primary objective of establishing exchange arrangements for free intra-regional payments. Such arrangements are deemed necessary to promote faster growth of intra-regional trade, and thereby foster economic development in the ECOWAS sub-region. Pursuant to this objective, the Authority of the Heads of State and Government of ECOWAS took a decision that studies be commissioned on the possibility of creating a single monetary zone in ECOWAS sub-region. Following that decision, the Committee of Governors of Central Banks of ECOWAS at …

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Africa's Adjustment And Growth In The 1980s: The World Bank And The Undp; Charles Humphreys And Williams Jaeger & C0., 31pp., March 1989, H. N. Okonta Jun 1989

Africa's Adjustment And Growth In The 1980s: The World Bank And The Undp; Charles Humphreys And Williams Jaeger & C0., 31pp., March 1989, H. N. Okonta

Economic and Financial Review

The paper, "'Africa's Adjustment and Growth in the 1980s" was written by a team led by Charles Humphreys and William Jaeger of the World Bank. They reviewed on Sub-Saharan Africa's economic experience in the 1980s from a new perspective as against that which was generally perceived as one of crisis and decline caused largely by hostile external factors. The paper was divided into six parts. Part one is an overview of the causes that led to the region's current problems. Sections 2, 3 and 4 analytically dis,:uss the developments in trade and commodity prices, the international community's response with more …

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Private Business In Developing Countries: Improved Prospects By Guy P. Pfeffermann, M. Ajayi Jun 1989

Private Business In Developing Countries: Improved Prospects By Guy P. Pfeffermann, M. Ajayi

Economic and Financial Review

The paper is divided into five sections as follows: Background. Growth prospects, Prospects for the Private sector in Developing countries. Privatisation, and Foreign Direct Investment. The background section appraised some of the economic policies pursued and developments in developing countries in the last 2 decades. The section emphasised the existence of interdependence of the effect of economic policies and conditions of the developed and developing countries. For instance, the author stressed that the recent slow-down of growth in IJie developing countries has been one of the factors holding back the growth of output in the OECD countries.

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The Evolution Of The Nigerian Financial System: Problems, Challenges And Prospects, Ben A. Oke Jun 1989

The Evolution Of The Nigerian Financial System: Problems, Challenges And Prospects, Ben A. Oke

Economic and Financial Review

The paper reviews the evolution of the Nigerian financial system and articulates some of its current problems and challenges for the future, especially in the light of the liberalised trade and exchange regime initiated under the Structural Adjustment Programme (SAP). The paper examines the evolution of the major institutions in the financial system in the context of the changing pattern of economic and regulatory environment in which they operate. It observes that the financial system has undergone substantial changes since 1960 in terms of number and variety of financial intermediaries, the depth and breadth of instruments, as well as the …

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Work And Welfare: How Industrialists Shaped Government Social Service During The Progressive Era, Cynthia Hamilton Jun 1989

Work And Welfare: How Industrialists Shaped Government Social Service During The Progressive Era, Cynthia Hamilton

The Journal of Sociology & Social Welfare

This article focuses on the welfare work of industrialists which was developed as a mechanism for fighting trade unionism during the Progressive era. This focus is designed to place welfare in its proper perspective within the political economy and to identify its political and economic functions. The article concludes that industrial welfare was one of the instruments used in creating a work ethic in the United States and one of the mechanisms of social engineering both in and outside of industry.

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Developments In The Financial System During The Second Quarter Of 1989, Central Bank Of Nigeria Cbn Jun 1989

Developments In The Financial System During The Second Quarter Of 1989, Central Bank Of Nigeria Cbn

Economic and Financial Review

The financial system was under intense pressure in the second quarter of 1989 following the measures adopted by the monetary authorities to reduce the liquidity of the banking system and thereby combat the inflationary pressure in the economy and continued depreciation of the Naira exchange rate. The gradual strengthening of the squeeze on liquidity was accompanied by liquidity crisis among some banks towards the end of the quarter.

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Statistics (June 1989), Central Bank Of Nigeria Cbn Jun 1989

Statistics (June 1989), Central Bank Of Nigeria Cbn

Economic and Financial Review

This a statistical representation of the economic activities in Nigeria in June 1989

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The Political Economy Of Welfare, Nancy E. Rose Jun 1989

The Political Economy Of Welfare, Nancy E. Rose

The Journal of Sociology & Social Welfare

Analyses of the U.S. welfare system in the tradition of political economy have tended to focus on the maintenance of a pool of low-wage labor. This paper adds another dimension, as it incorporates government work programs into a theory of the functions and nature of the U.S. welfare system. Three dimensions of the welfare system are posited: (a) maintaining a stigma attached to welfare so that people are encouraged to hold low-wage jobs: (b) maintaining welfare payments at levels that do not interfere with the functioning of labor markets; and (c) basing government work programs on principles that are congruent …

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Book Review: The Poor And The Powerless: Economic Policy And Change In The Caribbean, By Clive Y. Thomas, Winston Langley Mar 1989

Book Review: The Poor And The Powerless: Economic Policy And Change In The Caribbean, By Clive Y. Thomas, Winston Langley

Trotter Review

With only brief interludes, the Caribbean area has for the past five centuries been a center of global power struggles and internal sociopolitical upheavals of the first order. Those struggles and upheavals show no signs of abating as we move into the twenty-first century. Indeed, there appears to be a consensus among scholars and political leaders in the region that the area now faces problems of crisis proportions.

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Financial Ratios: Perceptions Of Lodging Industry General Managers, And Financial Executtves, Raymond S. Schmidgall Ph.D., Cpa Jan 1989

Financial Ratios: Perceptions Of Lodging Industry General Managers, And Financial Executtves, Raymond S. Schmidgall Ph.D., Cpa

Hospitality Review

Financial ratios are the most meaningful information in financial statements to executives and managers. The author analyzes the results of two surveys designed to rank the degree of importance and usefulness of these ratios to several user groups.

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The Southwest Corridor And Economic Development In Boston's Neighborhoods, Daryl Hellman, Andrew Sum, Joseph Warren Jan 1989

The Southwest Corridor And Economic Development In Boston's Neighborhoods, Daryl Hellman, Andrew Sum, Joseph Warren

New England Journal of Public Policy

The Southwest Corridor is a narrow strip of land running five miles from the South End of Boston through Roxbury and ending in Jamaica Plain. Twenty years ago, neighborhoods through which the Corridor passes experienced tremendous upheaval as space was cleared for the proposed construction of Interstate 95. The communities were able to stop the highway project, but not without a long and difficult struggle and the eventual support of then Governor Francis Sargent. Today, the Southwest Corridor Project involves a new MBTA Orange Line relocated along the Corridor, with nine new stations at a total cost of approximately $750 …

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Improving Rural Minnesota Through Downsizing, Mark Threlkeld Jan 1989

Improving Rural Minnesota Through Downsizing, Mark Threlkeld

Journal of the Minnesota Academy of Science

It is time to take a hard look at downsizing rural Minnesota. In business, downsizing is done to improve the financial health of a company by cutting back on expenses which can no longer be justified in light of changes in the marketplace. While the term may seem odd when applied to a state, it fits the opportunities and problems now facing rural Minnesota and could help the state make the transition through some difficult times.

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