scholarly journals How COVID-19 has Affected Africa’s Development

World Affairs ◽  
2021 ◽  
Vol 184 (1) ◽  
pp. 57-76
Author(s):  
Abel Kinyondo ◽  
Riccardo Pelizzo

Africa has experienced over a decade of sustained economic growth. However, since the outbreak of Ebola, there have been pertinent questions as to whether and what extent such outbreaks have developmental implications in the continent. It is in this context that this article investigates whether and to what extent the ongoing COVID-19 pandemic affects the development of Africa’s economies. Using data from various international organizations, we show that the pandemic has indeed slowed down African economies, albeit in differing degrees across various regions of the continent. However, the slowdown is moderate compared with economies in high-income countries and the world economies as a whole. We contend that while it is difficult to predict when the crisis is going to end, the continent can navigate itself out of it by leveraging on the ever-increasing global prices of agricultural products and natural resources.

2015 ◽  
Vol 10 (1) ◽  
pp. 01-08 ◽  
Author(s):  
Negin Vaghefi ◽  
Chamhuri Siwar ◽  
Sarah Aziz

Sustainability has become an important concept in economic growth and development in the world. Malaysia, as a rapidly developing economy in Asia, has been able to achieve a positive economic growth; however, there is a big question: is it on a sustainable growth path? Due to weaknesses of traditional GDP in reflecting sustainability path, Green GDP as an indicator of sustainability could be implemented with adjustments in calculations. This paper aims to calculate the Green GDP for Malaysia. This measure will almost give policy makers a more arguable estimate for the area of environmental challenges. This paper highlights the role of natural resources depletion and environmental damages in sustainable development of the country. Green GDP is associated with some uncertainties such as lack of comprehensive calculations in estimating data and difficulties in setting the price of natural resources. These uncertainties and how Malaysia would be able to implement more accurate Green GDP in future were also discussed.


2018 ◽  
Vol 2 (2) ◽  
pp. 65-75
Author(s):  
Achmad Rifa'i ◽  
Nurvita Retno Dewi

The environment is often regarded as affected by the economic activity. Many studies have attempted to prove the Environmental Kuznets Curve (EKC) phenomenon, but few aimed to look beyond the impact of environmental quality and its contribution to the economic growth. This research aims to fill the gap of the literature. ASEAN is a region which is currently trying to maximize the potential of its natural resources to increase the economy of the region. With the abundance of existing natural resources, it is expected to make the region as a new economic source in the world. Panel data from 10 countries from 1994-2015 was employed to look at the environmental impacts of the ASEAN region on economic growth. Empirical results indicated that population, forest area, and CO2 emissions significantly affect economic growth. Nevertheless, it is suggested to be more prudent in using existing resources to maintain the stability of the economic growth without sacrificing the environment that has the very essential importance in the human life.


2021 ◽  
Vol 298 (5 Part 1) ◽  
pp. 205-209
Author(s):  
LIUDMYLA SYTNYK ◽  
◽  
IELYZAVETA SHAKHOVALOVA ◽  

The comprehensive analysis of domestic economy and it’s actual state undoubtedly confirms its steady transformation into a small, resource-based economy. Its also proves the absence of positive trends related to key factors for ensuring financial sustainability and attaining national security. Special attention is paid to factors in the fiscal sector (an increase in budget revenues based on economic growth as the result of changes in the volume of domestic and foreign trade, due to improvement in the financial results of enterprises and an increase in wages, as well as due to changes in direct tax receipts, and a decrease in the budget deficit); it is also analysed the debt sector (management of Ukraine’s sovereign debt); the detailed attention is given to banking sector (overcoming crisis phenomena in the banking system). Revealing the institutional problems, inefficiency of the public administration system we are justifying the implementation the number of measures in the areas of economic growth recovery, development of the internal market as the basis for sustainable growth, changes in the structure and activation of export policy. The expansion of small farming can be a trigger of the Ukrainian economy’s development. A significant part of the world’s natural resources is located in Ukraine. There is a significant increase in the number of populations worldwide, as well as an increase in soil deficiency suitable for agriculture. Since Ukraine is an agricultural country and most of its lands are suitable for the production of agricultural products – it gives it significant advantages for both self-sufficiency and economic development. Ukraine has always been and remains an agrarian country. Most of its’ lands are suitable for the growing of agricultural products and it gives Ukraine the significant self-sustaining advantages for both exponential growth and supporting of country’s economy. Small farming stays the main factor of the agrarian sector’s development, it supports the economy and helps to sustain the natural resources of Ukraine.


Author(s):  
Lokota Oleg ◽  
Kozlova Elena

Fast-growing international migration as a factor of labor market globalization is an important trend of the world economy and a determinant of social-political transformations. The study of fundamental economical reasons for international migration is relevant due to their prognostic, predictable, and normative potential, which can be used in conditions of global economic non-stability. This chapter analyzes the role of natural resources, financial, and labor factors in economic growth of the modern states and studies relationships between stimulating the role of natural resources, finance, and labor with levels of modern countries' economy development. Based on achieved results findings about fundamental reasons of international migration, transformation of labor factor's role in providing an economical progress of the states, efficiency of positive impact of manufacturing factors (domestic and attracted from international markets) are offered.


2020 ◽  
Author(s):  
Sharmila Devadas ◽  
Jorge Guzman ◽  
Young Eun Kim ◽  
Norman Loayza ◽  
Steven Pennings

2015 ◽  
Vol 6 (11) ◽  
pp. 123
Author(s):  
Johan Posada

ResumenA mediados del siglo XX se despierta un interés por estudiar el crecimiento y desarrollo de las economías del mundo, especialmente las del   continente africano. La independencia de los pueblos africanos después de la segunda guerra mundial mostró cómo la falta de industrialización y la alta dependencia de los recursos naturales traían crecimientos económicos muy bajos en la mayoría de estos países. Aunque la abundancia de recursos naturales puede significar riqueza y prosperidad para una nación, la ineficiente explotación de dichos recursos provoca que este acontecimiento sea una maldición y no una bendición. Por tal motivo, surge la teoría de la maldición de los recursos naturales, que explica que los países ricos en dichos recursos, son más vulnerables a tener bajas tasas de crecimiento y desarrollo que aquellos que no lo son. En este sentido el presente estudio examina cómo se materializa este fenómeno económico en Colombia y mediante cuáles herramientas estadísticas y analíticas se identifican las implicaciones que hacen que esta teoría se cumpla en el sector externo del país. Finalmente, se mostrará cómo la debilidad institucional y la ineficiente explotación de la ventaja comparativa del territorio, se ha convertido en el mayor obstáculo para librarnos de la maldición de los recursos naturales.  Recibido: 02/08/2015   Aceptado: 18/11/2015 ABSTRACTIn the mid-20th century awakens an interest in studying the growth anddevelopment of the economies of the world, especially those of the Africancontinent. The independence of African peoples after the second world warshowed how the lack of industrialization and high dependence on naturalresources brought economic growth low in most of these countries. Althoughthe abundance of natural resources can signify wealth and prosperity for anation, the inefficient exploitation of these resources caused this event tobe a curse and not a blessing. For this reason, arises the theory of the curseof natural resources, explaining that these resource-rich countries, are morevulnerable to have low rates of growth and development than those whoaren’t. In this sense, the present study examines how to materialize thiseconomic phenomenon in Colombia and using which tools identifies statistics and analytical implications that make that this theory is observed in the external sector of the country. Finally, it will show how the institutional weakness and inefficient exploitation of the comparative advantage of the territory have become the biggest obstacles to deliver us from the curse of natural resources.Received: 02/08/2015  Accepted: 18/11/2015


2021 ◽  
Vol 7 (2) ◽  
pp. 205-213
Author(s):  
Bilal Alam ◽  
Muhammad Niamat Ullah

This study analyzes the role of human capital in economic growth using data from 1981 to 2017. The data were taken from the World Bank (WDI) and the Economic Survey of Pakistan (Various Issues). It was scrutinized for stationarity of variables through ADF and an appropriate time series econometric technique of ARDL is applied for empirical analysis. The results suggest that both proxies of human capital, education, and health have positive impacts on the economic development of Pakistan. The study findings also suggest that government machinery may divert enough resources for the improvement of education and health services to accumulate human capital for achieving the desired goal of higher growth and development.


2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Julius Ary Mollet

<p>Today, the Asia Pacific region is one among the fastest growing region in the world with strong economic growth. Due to globalization, world economy has undergone significant changes. While Europe’s economic growth has been slowing down, Asia Pacific’s consistently shows an impressive growth. In the next few years, the economic growth in the region will remain strong, in parallel with improving living standards in the region. With its huge population and strategic location, Asia Pacific offers many opportunities for countries outside the region to embark on collaboration and economic cooperation.</p><p>Papua and PNG are integral parts of Asia Pacific and play a strategic role in the region. Papua and PNG share commonalities in terms of economic development’s approaches. Both regions rely on extractive economies which depend on the exploitation of natural resources. Papua and PNG posses enormous and extraordinary biodiversity, unique to the region. But natural resource-based development has not only threatened but also undermined any effort to protect region’s diverse flora and fauna. With the emergence of Asia Pacific as a new economic powerhouse, the growth has transformed indigenous communities and their livelihood including their economic, cultural and social institutions as well as their relationship with their environment.</p><p>Moreover, although Papua and PNG are resource-rich regions, both have a substantial number of populations who live in poverty or extreme poverty. Income distribution in Papua and PNG demonstrates that there is a striking gap between the poor and the rich. On top of that, the provision of basic services such as education and healthcare is still unevenly distributed. While cities are generally well-served, some areas in the hinterland suffer from a lack of teachers and medical personnel. The fundamental challenges faced by Papua and PNG lie precisely in these aspects: economic, social, cultural and environmental.</p><p>Considering the importance of human development and biodiversity in Papua’s and Papua New Guinea’s contexts, efforts are needed to develop the region, while at the same time, to save and protect region’s immense diversity by improving the quality of life, promoting sustainable development in all sectors, preserving natural resources, and improving community awareness. Furthermore, there is a need to conduct more research and studies related to above mentioned components in order to support better development efforts in the region.</p><p>Papua and PNG have been collaborating in the education sector for a long period, which takes the form of research collaboration, student exchanges, seminars and symposia. This long standing collaboration has strengthened bilateral relations between Papua and PNG. This symposium has persist this tradition as well as add a new tone in the framework of knowledge sharing between educators in Papua, PNG and abroad by bringing together some crucial issues in social sciences and biodiversity in Papua and PNG. Additionally, this symposium is also an important moment for Cenderawasih University as the symposium will be held to commemorate the university’s 53rd anniversary and to celebrate 40 years of diplomatic relations between Papua-Indonesia and Papua New Guinea.</p><p>Cenderawasih University was established on November 10th, 1962. Cenderawasih University is the oldest university in Papua and has committed to develop its human resources and determined to implement the Tri Dharma Perguruan Tinggi or the Three Principles of Higher Education which focuses on education, research, and contribution to society. This momentum of holding International Conference on Social Sciences and Biodiversity of Papua and Papua New Guinea in Cenderawasih University was vital given that some distinguished experts are gathered from around the world presenting their finest research. We highly expect that this event had inspiring researchers who are interested in exploring further research on the social sciences and biodiversity around Papua and Papua New Guinea.  </p>


2019 ◽  
pp. 1587-1613
Author(s):  
Lokota Oleg ◽  
Kozlova Elena

Fast-growing international migration as a factor of labor market globalization is an important trend of the world economy and a determinant of social-political transformations. The study of fundamental economical reasons for international migration is relevant due to their prognostic, predictable, and normative potential, which can be used in conditions of global economic non-stability. This chapter analyzes the role of natural resources, financial, and labor factors in economic growth of the modern states and studies relationships between stimulating the role of natural resources, finance, and labor with levels of modern countries' economy development. Based on achieved results findings about fundamental reasons of international migration, transformation of labor factor's role in providing an economical progress of the states, efficiency of positive impact of manufacturing factors (domestic and attracted from international markets) are offered.


Author(s):  
Ismail Erkan Celik ◽  
Umit Hacioglu ◽  
Hasan Dincer

<p>Banks, one of the most significant economic means of the nations and international organizations, have occasionally become one of the institutions mostly affected by the financial crisis in the world. Especially in the economies of the developed countries, one of the most important aspects of the financial sector is measured by the size of the financial resources and assets of the banks. The size and place of the investment banks depends on the investment and existing credit reserves appropriated by its members. From this perspective, scrutinizing the Investment and Developments Banks, which is one of the economic growth criteria, is of high importance. To this end, in addition to the operation of the Investment and Development Banks, financial products of these banks in Turkey are also analyzed in this study.</p>


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