suggests a continuous mission to good governance. Good governance is one the core requirements of development. This report address describing the nature and challenges of public administration and management in Africa. Definitions Kuye (2014) defines as the study of practice of tasks related to behaviour, protocol and conduct affairs of
Asian economic and financial crisis of 1997/1998 generated a significant amount of analysis and debate, particularly about macroeconomic issues in the region. It also increased awareness about issues concerning the role and functions of regulators and the need for improved disclosure and good corporate governance. Meanwhile there were many public listed companies adopted relatively high-levels of corporate abuse and in some cases breakdown, attributable in part of effective corporate governance structures
improvements are a welcome change to a region long plagued by political violence and economic stagnation.[1] However, now is not the time to pat any backs and instead we must focus on how development can be sustained, reach more people, and extend into the harder to reach areas. Conventional scholarship emphasizes that the missing feature in African progress has been the development of stronger states with better governance and more effective institutions. The
approach level. This model focus on market-led growth, and exploit the resources for develop. In this level, it
What is Corporate Governance? Since 1997 Asia financial storm, corporate governance is a most important in international institutions, Organization for Economic Co-operation and Development (OECD) first proposed on corporate governance. In a United States, the audit committee is stressed, China also gradually set independent Director and the corporate governance, Hong Kong Exchange and Clearing Ltd (HKEX) also has launched on 2005, required all listed company at least to review a internal control
after three decade long “Economic Miracle,” Japan experienced a bubble economy in late 1980s in which stock, real estate prices, economic activity, money supply and credit inflated to a soaring height. The structure of the paper delineates between macroeconomic and microeconomic issues. After reviewing the factors for the formation of the bubble the paper then proceeds to discuss the collapse of the bubble bursting for Japan. The factors are split into three parts economic, political and social.
incorporated failure and a good number of other corporate financial scandals, issues of corporate governance became the focus of public discussion, as poor governance practice was identified as a major contributor to most of the failures. Furthermore, the tragic event of the Russian financial scandal and Asian financial crisis brought global attention to the crucial roles of good corporate governance practice in ensuring soundness of financial services and financial sector stability. Certainly, the
Introduction There are several different schools of thought regarding best practices for economic development. Economic development is understood as the improvement of societies quality of life and economic growth through job creation, increasing wealth and obtaining a stable tax base in order for the state to perform basic functions. Economic growth is one critical aspect of economic development. American sociologist Immanuel Wallerstein introduced the world systems theory, based on the capitalist
(1979) proposes that crisis occur when a country having fixed exchange rate tries to oppose fiscal imbalances by deficit financing. It leads to imbalance on foreign currency market and exhaustion of foreign reserves and hence led to collapse of the economic system. The view of long term fiscal imbalances being serious of development of financial crisis came to be known as a first generation view. There’s also a second generation view that became the principal focus of crisis occur. It suggests that
government agents. In addition, the studies characterized Dhaka City Corporation as weak administrative capacity and institutional limitations, poor human resources, shortage of financial resources, little public participation and wide spread of corruption. Consequently, solid waste management has been facing various operational challenges in efficient and effective service