will affect another country’s economy, whether positively or negatively. Here is where education plays a major role. Education has the power to influence the global economy. In the United States, the government invests a great deal of their budget into education because it encourages economic growth. If the United States government were to also invest in a developing country’s education, both that country and the U.S. would see growth in their economy. Currently, the U.S. sends foreign aid to help
decades, the urge to increase foreign aid’s effectiveness has motivated numerous empirical studies to identify why aid programmes succeeds or fails. These studies underpinned the donor community’s attempt in the late 1990s to reform aid delivery, shifting from predominantly stand-alone projects and conditionality- led stand- structural adjustment programs toward partnerships and mutual accountability (World Bank, 1998). Besides research on the determinants of growth, recent work has examined the
not interested in revolutionary or authoritarian ideas. An established political scene is one where the ruling government is favored by the population and does not experience strong indicators of social unrest. Much of the ability of a political system to sustain itself relies on how leaders respond to predicaments. People must be satisfied with how their rulers handle problems and the solutions they create or else the fallout from these events results in destruction of hierarchies and government agencies
and the acceleration of economic growth. Besides that, economic development also means that have a stable population and an increased in the national income or gross domestic product. Every children receives education and lower unemployment rate means that every member in the economy has a job, and the every member of the populace is healthy. The mortality rate is low, life expectancy is high and incidence of
the eighties due to economic down turn, by 2004 Nigeria bounced back producing 2.5 million barrels per day, but the Niger delta crisis and the global economy financial crises reduced Nigeria oil production and the world oil price. The discovery of oil brought in Nigeria, brought a ray of hope of a brighter future for Nigeria in terms of economic development as Nigeria became independent, but there were also grave consequences for the economy; as it
Economic essentials affect the level of volatility and the extent to which exchange rate stability is maintained. Favorable economic circumstances and outcome which in turn would appreciate the currency and maintain stability is caused by strong fundamentals. (Mordi 2006) 2.2.5 EXCHANGE RATE POLICIES IN NIGERIA The
Globalization can be described as progressive movement of expanding the social and economic ties via spreading institutions that are corporate and the philosophy of capitalism that from an economic perspective, there is shrinkage of the world. Globalization is a phenomenon that usually affects a country in three major areas. These areas include social, cultural and economic. This paper will shade some light into how globalization is having an effect on all of the three disciplines in relation to UAE
will be need for harmonising accounting principles and disclosure practices that will give investors the opportunity of analyzing foreign financial statements.
economy or natural calamities; (4) essential government policy modification that directly influence prices such as modification in the tax structure, incentives and subsidies. The BSP will have to give explanations carefully and plainly to the public on how the abovementioned factors caused the divergence of the inflation results or outcome from the target using explanation clauses. The BSP also make reference to the actions to be taken as well as the length of time demanded to accomplish the inflation
occasions of the most recent few years represent themselves. One of the main reasons behind these floods and droughts is the dramatic changes in the climate. Hundreds of people died in the recent drought in Thar. A significant proportion of the population does not even have proper shelters to live in and to eat food. These floods and droughts also have significant impacts on agriculture. Agriculture is greatly defenseless against climate change universally and in Pakistan, which is the one of the most exceedingly