Pub Date : 2023-02-15DOI: 10.37745/ijdes.13/vol11n25570
Fatmata Bintu Kamara, C. Koroma, Ezekiel K. Duramany-Lakkoh
Financial policy making and implementation is one issue that cannot be over emphasized because of the important role it plays in the life of any organization wishing to survive and to grow in the face of dynamic environment, based on the need for organisations to achieve their objective. This research is conducted to study the obstacles to effective financial policies Implementation in the local government system in Sierra Leone with a particular reference to Waterloo Rural District Council. Public policy plays a crucial role in both local and national institutions in Sierra Leone. Whereas, public policy implementation has been fundamental to Sierra Leone since independence, the paradox of public policy Implementation has continued to militate the realisation of policy objectives in the country. The study uses a qualitative method to highlight the need for proper and effective policy Implementation while identifying some impediments to be tackled in ensuring that financial policies, particularly those relating to institutional or organizational development are effectively and timely implemented. These impediments include among others; corruption, ethnicity bad leadership, political instability, low public service structures. The study therefore put forward sustainable development measures, such as effective use of political will, eschewing social vices (like ethnicity, favoritism nepotism and mediocrity), continuity of policies between governments, eradication of corruption etc.
{"title":"Obstacle to Effective Financial Policy Implementation in the Local Government System in Sierra Leone","authors":"Fatmata Bintu Kamara, C. Koroma, Ezekiel K. Duramany-Lakkoh","doi":"10.37745/ijdes.13/vol11n25570","DOIUrl":"https://doi.org/10.37745/ijdes.13/vol11n25570","url":null,"abstract":"Financial policy making and implementation is one issue that cannot be over emphasized because of the important role it plays in the life of any organization wishing to survive and to grow in the face of dynamic environment, based on the need for organisations to achieve their objective. This research is conducted to study the obstacles to effective financial policies Implementation in the local government system in Sierra Leone with a particular reference to Waterloo Rural District Council. Public policy plays a crucial role in both local and national institutions in Sierra Leone. Whereas, public policy implementation has been fundamental to Sierra Leone since independence, the paradox of public policy Implementation has continued to militate the realisation of policy objectives in the country. The study uses a qualitative method to highlight the need for proper and effective policy Implementation while identifying some impediments to be tackled in ensuring that financial policies, particularly those relating to institutional or organizational development are effectively and timely implemented. These impediments include among others; corruption, ethnicity bad leadership, political instability, low public service structures. The study therefore put forward sustainable development measures, such as effective use of political will, eschewing social vices (like ethnicity, favoritism nepotism and mediocrity), continuity of policies between governments, eradication of corruption etc.","PeriodicalId":198402,"journal":{"name":"International Journal of Development and Economic Sustainability","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126246079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-15DOI: 10.37745/ijdes.13/vol11n23854
Emmanuel Chiaka Okpata, E. N. Ota
ECOWAS is a regional organization established in West Africa on May 28, 1975 with the objective of encouraging regional integration and economic cooperation to ensure mutual growth and development among member states. Since its inception, it has involved in humanitarian interventions in some of its crises-ridden member states. However, the sustenance of the success has recently met with serious challenges through the evolution of climate-induced insecurities in the region. Studies indicate that the turbulent nature of such security challenges caused by climate change seems to be overwhelming the ECOWAS. The fact is that the evolving climate-induced conflicts in West Africa largely relate to quest for survival requiring more of econometric and meteorological actions than political solutions to which the ECOWAS, apparently lacks the technical know-how to combat. It is against the backcloth of the stated problematic that this paper sets focus on climate-induced insecurities and ECOWAS initiatives by evaluating the current implications of the weather-related conflicts for West African regional cooperation and integration. Nevertheless, the main idea inherent in the evaluation tends to posit that although the regional organ faces tremendous and unprecedented challenges posed by these climatic insecurities against its original goals, reluctance on the part of the governments of the member-states to adhere to the fundamental principles of the region, further implies that there is little hopes for impactful regional cooperation, integration and development if the outlined plans are not vigorously pursued to achieve the anticipated prospects which is the only way forward. The paper adopted the qualitative and historical analytical research methods.
{"title":"Climate-Induced Insecurities and The ECOWAS Initiatives: Implications for Regional Goals 1991-2021","authors":"Emmanuel Chiaka Okpata, E. N. Ota","doi":"10.37745/ijdes.13/vol11n23854","DOIUrl":"https://doi.org/10.37745/ijdes.13/vol11n23854","url":null,"abstract":"ECOWAS is a regional organization established in West Africa on May 28, 1975 with the objective of encouraging regional integration and economic cooperation to ensure mutual growth and development among member states. Since its inception, it has involved in humanitarian interventions in some of its crises-ridden member states. However, the sustenance of the success has recently met with serious challenges through the evolution of climate-induced insecurities in the region. Studies indicate that the turbulent nature of such security challenges caused by climate change seems to be overwhelming the ECOWAS. The fact is that the evolving climate-induced conflicts in West Africa largely relate to quest for survival requiring more of econometric and meteorological actions than political solutions to which the ECOWAS, apparently lacks the technical know-how to combat. It is against the backcloth of the stated problematic that this paper sets focus on climate-induced insecurities and ECOWAS initiatives by evaluating the current implications of the weather-related conflicts for West African regional cooperation and integration. Nevertheless, the main idea inherent in the evaluation tends to posit that although the regional organ faces tremendous and unprecedented challenges posed by these climatic insecurities against its original goals, reluctance on the part of the governments of the member-states to adhere to the fundamental principles of the region, further implies that there is little hopes for impactful regional cooperation, integration and development if the outlined plans are not vigorously pursued to achieve the anticipated prospects which is the only way forward. The paper adopted the qualitative and historical analytical research methods.","PeriodicalId":198402,"journal":{"name":"International Journal of Development and Economic Sustainability","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130449351","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-15DOI: 10.37745/ijdes.13/vol11n15080
Moffat Tembo, Erastus Mwanaumo, Charles Kahanji
Economic sustainability in the construction sector is increasingly important in developing countries, and threats from construction tender price variability and inflation require immediate action. While global trends emphasize sustainable construction practices triggered by rapid economic growth and augmented environmental impact considerations, this paper underscores the significance of adopting tender-price practices that focus on attaining economic sustainability for enhancing sustainable development in developing countries. The study predicates how construction tender price variability accentuates sustainable construction practices. The study identified respondents through purposive sampling for better insights and a more thorough investigation of the construction tender-price phenomena. The adopted method presented the study with information-rich participants and cases regarding issues of central significance to the inquiry. In addition, the study utilized snowball sampling in which existing respondents recruited or referred other respondents from among their professional acquaintances. The study findings 13 factors requiring immediate consideration to address construction tender price variability and inflation. These include material costs; interest rates; equipment costs; labor costs; delayed payments; exchange rates; and the nature and type of project. The results categorize four specific areas significantly affected by high construction tender prices. The harmful impacts were immediate and more severe to stakeholders like the government (client). The effect on projects is equally devastating; however, contractors appear to experience more positive-impact though in the short term. The long-term effects of high construction tender-price variability inflation were detrimental to all stakeholders by observation. Thus, the article recommends strategies that address tender price sustainability challenges faced in the construction sector.
{"title":"Impact of Tender Price Variability on Economic Sustainability of Construction Sector in Developing Countries","authors":"Moffat Tembo, Erastus Mwanaumo, Charles Kahanji","doi":"10.37745/ijdes.13/vol11n15080","DOIUrl":"https://doi.org/10.37745/ijdes.13/vol11n15080","url":null,"abstract":"Economic sustainability in the construction sector is increasingly important in developing countries, and threats from construction tender price variability and inflation require immediate action. While global trends emphasize sustainable construction practices triggered by rapid economic growth and augmented environmental impact considerations, this paper underscores the significance of adopting tender-price practices that focus on attaining economic sustainability for enhancing sustainable development in developing countries. The study predicates how construction tender price variability accentuates sustainable construction practices. The study identified respondents through purposive sampling for better insights and a more thorough investigation of the construction tender-price phenomena. The adopted method presented the study with information-rich participants and cases regarding issues of central significance to the inquiry. In addition, the study utilized snowball sampling in which existing respondents recruited or referred other respondents from among their professional acquaintances. The study findings 13 factors requiring immediate consideration to address construction tender price variability and inflation. These include material costs; interest rates; equipment costs; labor costs; delayed payments; exchange rates; and the nature and type of project. The results categorize four specific areas significantly affected by high construction tender prices. The harmful impacts were immediate and more severe to stakeholders like the government (client). The effect on projects is equally devastating; however, contractors appear to experience more positive-impact though in the short term. The long-term effects of high construction tender-price variability inflation were detrimental to all stakeholders by observation. Thus, the article recommends strategies that address tender price sustainability challenges faced in the construction sector.","PeriodicalId":198402,"journal":{"name":"International Journal of Development and Economic Sustainability","volume":"478 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122745422","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-15DOI: 10.37745/ijdes.13/vol11n1136
Edward T. Bristol-Alagbariya
Landmark studies and follow-up scholarly researches, as well as practical evidences around the globe on energy and major natural resources extractive industrial operations (EIOs), such as petroleum (oil and gas) and other mining and mineral resources EIOs, are consistently demonstrating that EIOs inhibit sustainable development (SD). Conversely, the findings of such foremost scholarly studies and their follow-up measures, as well as practical evidences regarding energy and major natural resources EIOs around the globe, are revealing that these operations may contribute to SD. In other words, EIOs may contribute to SD when they are implemented well, in conformity with international benchmarked standards and practices. In that case, EIOs are advantageous in the nooks and crannies of the world, when they are executed in a way that occasions socio-economic advancement in host countries, including resource-rich areas of such countries. In the circumstances, EIOs may be considered to have been implemented in ways that preserve the rights of members of the public, especially those that are adversely affected directly by extractive industrial projects, such as those of resource-rich communities, and when the benefits derived from these projects are directed towards overall public good in host countries. On this note, EIOs may contribute to SD in developing countries, through good environmental governance, towards generic good governance and overall public good. Considering the foregoing negative impacts and possible positive contributions of EIOs, this study will explore the costs and benefits of petroleum EIOs on the resource-rich and other direct negatively impacted host communities of Nigeria, in the framework of the country’s Petroleum Industry Act, 2021, concerning the development of host communities, and thereby arrive at appropriate findings.
{"title":"Costs and Benefits of Energy and Major Natural Resources Extractive Industrial Operations on Communities: Spotlight on Host Communities Development Regime in Nigeria’s Petroleum Industry Act, 2021","authors":"Edward T. Bristol-Alagbariya","doi":"10.37745/ijdes.13/vol11n1136","DOIUrl":"https://doi.org/10.37745/ijdes.13/vol11n1136","url":null,"abstract":"Landmark studies and follow-up scholarly researches, as well as practical evidences around the globe on energy and major natural resources extractive industrial operations (EIOs), such as petroleum (oil and gas) and other mining and mineral resources EIOs, are consistently demonstrating that EIOs inhibit sustainable development (SD). Conversely, the findings of such foremost scholarly studies and their follow-up measures, as well as practical evidences regarding energy and major natural resources EIOs around the globe, are revealing that these operations may contribute to SD. In other words, EIOs may contribute to SD when they are implemented well, in conformity with international benchmarked standards and practices. In that case, EIOs are advantageous in the nooks and crannies of the world, when they are executed in a way that occasions socio-economic advancement in host countries, including resource-rich areas of such countries. In the circumstances, EIOs may be considered to have been implemented in ways that preserve the rights of members of the public, especially those that are adversely affected directly by extractive industrial projects, such as those of resource-rich communities, and when the benefits derived from these projects are directed towards overall public good in host countries. On this note, EIOs may contribute to SD in developing countries, through good environmental governance, towards generic good governance and overall public good. Considering the foregoing negative impacts and possible positive contributions of EIOs, this study will explore the costs and benefits of petroleum EIOs on the resource-rich and other direct negatively impacted host communities of Nigeria, in the framework of the country’s Petroleum Industry Act, 2021, concerning the development of host communities, and thereby arrive at appropriate findings.","PeriodicalId":198402,"journal":{"name":"International Journal of Development and Economic Sustainability","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116603615","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-15DOI: 10.37745/ijdes.13/vol11n13749
Mary Mwanzia, E. Owino, Caroline Ntara
Despite an earlier warning about the occurrence of coronavirus in future, the world seems to have been caught by surprise. In particular, Africa did not appear to have the financial readiness to afford vaccines or healthcare for the affected. The World Health Organization (WHO) proclaimed COVID-19 a global health crisis in January 2020. Since its detection in Wuhan, China, the infection moved to Europe, particularly Italy in early March and eventually spread to the rest of the world. However, in Africa, the pandemic could have brought unprecedented damage with ripple effects to economies. From the events following the pandemic, it appeared that Africa was not prepared. This study is structured as a research paper that interrogates the literature and presents the key elements of pandemic preparedness for Africa. The new conceptual model can guide researchers and policymakers in conducting further research for scholarly discourse and practical application.
{"title":"The Corona Virus Pandemic: Was Africa Caught Flatfooted?","authors":"Mary Mwanzia, E. Owino, Caroline Ntara","doi":"10.37745/ijdes.13/vol11n13749","DOIUrl":"https://doi.org/10.37745/ijdes.13/vol11n13749","url":null,"abstract":"Despite an earlier warning about the occurrence of coronavirus in future, the world seems to have been caught by surprise. In particular, Africa did not appear to have the financial readiness to afford vaccines or healthcare for the affected. The World Health Organization (WHO) proclaimed COVID-19 a global health crisis in January 2020. Since its detection in Wuhan, China, the infection moved to Europe, particularly Italy in early March and eventually spread to the rest of the world. However, in Africa, the pandemic could have brought unprecedented damage with ripple effects to economies. From the events following the pandemic, it appeared that Africa was not prepared. This study is structured as a research paper that interrogates the literature and presents the key elements of pandemic preparedness for Africa. The new conceptual model can guide researchers and policymakers in conducting further research for scholarly discourse and practical application.","PeriodicalId":198402,"journal":{"name":"International Journal of Development and Economic Sustainability","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124585778","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-15DOI: 10.37745/ijdes.13/vol10n6117
Silva Opuala - Charles, J. Orji
The challenging consequences of poor economic performance across most emerging economies is a reflection of the weak public revenue management system. Hence, the study into Revenue per capita and Economic growth nexus: Building a new revenue framework for Nigeria. The study employed the Parsimonious Error Correction Model (ECM) for adjusting the parameters of auto regressive distributed lag (ARDL) model to examine the outcome of economic growth, proxy of real gross domestic product (RGDP) on Revenue per capita, proxy of gross national product per capita(GNPPC); gross fixed capital formation (GFCF); and Inflation rate (INFR). The finding revealed a significant positive relationship between GDP and its lagged value, as well as GNPPC. Whereas, a negative but significant impact subsist between GDP and lagged value of GNPPC; while, an insignificant negative impact exists between GDP and GFCF and its lagged value. Inflation rate exhibited a moderate significant inverse relationship with economic growth during the review period. Based on the finding, It was recommended among others: tax revenue generating agencies should pursue fiscal sustainability by rethinking Nigeria’s tax policy mix and design to consummate enduring prosperity for Nigerians.
{"title":"Revenue Per Capita and Economic Growth Nexus: Building a New Revenue Framework for Nigeria","authors":"Silva Opuala - Charles, J. Orji","doi":"10.37745/ijdes.13/vol10n6117","DOIUrl":"https://doi.org/10.37745/ijdes.13/vol10n6117","url":null,"abstract":"The challenging consequences of poor economic performance across most emerging economies is a reflection of the weak public revenue management system. Hence, the study into Revenue per capita and Economic growth nexus: Building a new revenue framework for Nigeria. The study employed the Parsimonious Error Correction Model (ECM) for adjusting the parameters of auto regressive distributed lag (ARDL) model to examine the outcome of economic growth, proxy of real gross domestic product (RGDP) on Revenue per capita, proxy of gross national product per capita(GNPPC); gross fixed capital formation (GFCF); and Inflation rate (INFR). The finding revealed a significant positive relationship between GDP and its lagged value, as well as GNPPC. Whereas, a negative but significant impact subsist between GDP and lagged value of GNPPC; while, an insignificant negative impact exists between GDP and GFCF and its lagged value. Inflation rate exhibited a moderate significant inverse relationship with economic growth during the review period. Based on the finding, It was recommended among others: tax revenue generating agencies should pursue fiscal sustainability by rethinking Nigeria’s tax policy mix and design to consummate enduring prosperity for Nigerians.","PeriodicalId":198402,"journal":{"name":"International Journal of Development and Economic Sustainability","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114180529","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-15DOI: 10.37745/ijdes.13/vol10n61830
H. G. Igben, Joseph Wisdom Oronukpo
This paper examines the influence of news credibility on the corporate image of broadcast media in Nigeria. The paper was anchored on the preliminary assumption that a relationship exists between the credibility of the news a media disseminated and how the public perceives it. Source Credibility Theory and Perception Theory were used as its theoretical framework. A Survey of 375 respondents, the eventual outcome of distributed 400 copies of the questionnaire provided evidence that the public confidence in government owned broadcast media is low compared to the private broadcast media as a direct consequence of the level of credibility of the news they disseminate. The paper recommends that broadcast media should always support the promotion of credible news in order to improve on their public perception.
{"title":"Influence of News Credibility on Public Perception of the Broadcast Media in Nigeria","authors":"H. G. Igben, Joseph Wisdom Oronukpo","doi":"10.37745/ijdes.13/vol10n61830","DOIUrl":"https://doi.org/10.37745/ijdes.13/vol10n61830","url":null,"abstract":"This paper examines the influence of news credibility on the corporate image of broadcast media in Nigeria. The paper was anchored on the preliminary assumption that a relationship exists between the credibility of the news a media disseminated and how the public perceives it. Source Credibility Theory and Perception Theory were used as its theoretical framework. A Survey of 375 respondents, the eventual outcome of distributed 400 copies of the questionnaire provided evidence that the public confidence in government owned broadcast media is low compared to the private broadcast media as a direct consequence of the level of credibility of the news they disseminate. The paper recommends that broadcast media should always support the promotion of credible news in order to improve on their public perception.","PeriodicalId":198402,"journal":{"name":"International Journal of Development and Economic Sustainability","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128722330","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-05-15DOI: 10.37745/ijdes.13/vol10n54961
Silva Opuala-Charles, Ijeoma Victoria Oshilike
Nigeria is endowed with diverse human and natural resources that has the potential to transform the country to become a major player in the global economy and put it on an unimpeded growth. However, these potentials have relatively remained untapped over the years and have not translated to high level of sustainable growth and development in the country. The study employs an econometric methodology. The Ordinary Least Squares (OLS) method was used to analyze the data from 1999 to 2021. The regression results revealed that the coefficient of NR, IQ and HDI indicates an insignificant and negative slope meaning that the economic potentials of Nigeria have not really impacted on economic growth for the period under study. The study recommended among others the need for diversification and value chain integration, provision of legal backing to development plans/projects and promote functional expertise and meritocracy in leadership recruitment/selection
{"title":"Economic Potentials and Nigeria’s Sustainable Economic Growth Nexus: The Role of Institutional Quality","authors":"Silva Opuala-Charles, Ijeoma Victoria Oshilike","doi":"10.37745/ijdes.13/vol10n54961","DOIUrl":"https://doi.org/10.37745/ijdes.13/vol10n54961","url":null,"abstract":"Nigeria is endowed with diverse human and natural resources that has the potential to transform the country to become a major player in the global economy and put it on an unimpeded growth. However, these potentials have relatively remained untapped over the years and have not translated to high level of sustainable growth and development in the country. The study employs an econometric methodology. The Ordinary Least Squares (OLS) method was used to analyze the data from 1999 to 2021. The regression results revealed that the coefficient of NR, IQ and HDI indicates an insignificant and negative slope meaning that the economic potentials of Nigeria have not really impacted on economic growth for the period under study. The study recommended among others the need for diversification and value chain integration, provision of legal backing to development plans/projects and promote functional expertise and meritocracy in leadership recruitment/selection","PeriodicalId":198402,"journal":{"name":"International Journal of Development and Economic Sustainability","volume":"472 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123449108","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-05-15DOI: 10.37745/ijdes.13/vol10n51429
André Correa Teles, M. Dias
State participation in the economy has been intensely debated over the past three decades. In Brazil, especially after the advent of the Federal Constitution in 1988. Privatization in Brazil, however, was instituted by Law 8.130/90, which established the National Plan for Privatization, aiming at transferring to the private sector activities unduly exploited by the public sector. In this article, we investigated one of the most significant privatizations in Brazilian history, the case of Embraer, the world's third largest civil aircraft manufacturer. Key findings pointed out a complex privatization process, including golden share vetoes and institutional challenges faced by Embraer, such as the first Brazilian company to adopt the International Financial Reporting Standards (IFRS) fully. In addition, the careful analysis suggested implications for the reduction of public debt. Also, the resumption of investments in companies and activities transferred to the private sector, modernization of the country's industrial park, increasing its competitiveness, and reinforcing business capacity in Embraer's jet C-series sector and military aircraft, for instance. Also, implications for the public administration to focus its efforts on actions where the State's presence is necessary for achieving national priorities. Finally, the strengthening of the capital market, as well as the democratization of the ownership of the capital of Embraer are topics to be debated in the present article.
{"title":"The Evolution of Privatization in Brazil: The Case of Embraer","authors":"André Correa Teles, M. Dias","doi":"10.37745/ijdes.13/vol10n51429","DOIUrl":"https://doi.org/10.37745/ijdes.13/vol10n51429","url":null,"abstract":"State participation in the economy has been intensely debated over the past three decades. In Brazil, especially after the advent of the Federal Constitution in 1988. Privatization in Brazil, however, was instituted by Law 8.130/90, which established the National Plan for Privatization, aiming at transferring to the private sector activities unduly exploited by the public sector. In this article, we investigated one of the most significant privatizations in Brazilian history, the case of Embraer, the world's third largest civil aircraft manufacturer. Key findings pointed out a complex privatization process, including golden share vetoes and institutional challenges faced by Embraer, such as the first Brazilian company to adopt the International Financial Reporting Standards (IFRS) fully. In addition, the careful analysis suggested implications for the reduction of public debt. Also, the resumption of investments in companies and activities transferred to the private sector, modernization of the country's industrial park, increasing its competitiveness, and reinforcing business capacity in Embraer's jet C-series sector and military aircraft, for instance. Also, implications for the public administration to focus its efforts on actions where the State's presence is necessary for achieving national priorities. Finally, the strengthening of the capital market, as well as the democratization of the ownership of the capital of Embraer are topics to be debated in the present article.","PeriodicalId":198402,"journal":{"name":"International Journal of Development and Economic Sustainability","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132221070","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-05-15DOI: 10.37745/ijdes.13/vol10n5113
S. N. Agogbua, Chukwudi D. Mgbatogu,, U. Nzewi
This paper examines insecurity challenges and implications on business activities, economic growth and economic development of Nigeria. The study was designed as ex-post factor research, with time series data sourced from official and government publications; spanning from 2009 to 2022. The variables used for the study were sourced after adequate considerations of extant literature and objectives of the study. In meeting with the objectives of the study, we logically break-up the data into pre-high insecurity period (2009- 2015) and high insecurity period (2016- 2022). Four hypotheses were formulated and tested using t-test, f-test; and Cho-test was used to test the variance between the two time periods under study. The study found that insecurity hampers Business Activities (BA) but does not have significant influence on Economic Growth (EG) and Economic Development (ED) of Nigeria; and concluded that national insecurity must be of high consideration as business activities blossom in a secure environment, which ultimately ensures sustainable economic growth and development. We therefore recommend a synthesis of composite security management approach model and two-way approach model in addressing the ills of insecurity in ensuring Nigeria economic sustainability.
{"title":"Impact of Insecurity on Nigerian Economic Growth and Development","authors":"S. N. Agogbua, Chukwudi D. Mgbatogu,, U. Nzewi","doi":"10.37745/ijdes.13/vol10n5113","DOIUrl":"https://doi.org/10.37745/ijdes.13/vol10n5113","url":null,"abstract":"This paper examines insecurity challenges and implications on business activities, economic growth and economic development of Nigeria. The study was designed as ex-post factor research, with time series data sourced from official and government publications; spanning from 2009 to 2022. The variables used for the study were sourced after adequate considerations of extant literature and objectives of the study. In meeting with the objectives of the study, we logically break-up the data into pre-high insecurity period (2009- 2015) and high insecurity period (2016- 2022). Four hypotheses were formulated and tested using t-test, f-test; and Cho-test was used to test the variance between the two time periods under study. The study found that insecurity hampers Business Activities (BA) but does not have significant influence on Economic Growth (EG) and Economic Development (ED) of Nigeria; and concluded that national insecurity must be of high consideration as business activities blossom in a secure environment, which ultimately ensures sustainable economic growth and development. We therefore recommend a synthesis of composite security management approach model and two-way approach model in addressing the ills of insecurity in ensuring Nigeria economic sustainability.","PeriodicalId":198402,"journal":{"name":"International Journal of Development and Economic Sustainability","volume":"11 5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115480958","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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