The State, Private Sector Development, and Ghana's “Golden Age of Business”

2006 ◽  
Vol 49 (1) ◽  
pp. 31-50 ◽  
Author(s):  
Peter Arthur
Keyword(s):  
Economic Development ◽  
Private Sector ◽  
Development Strategy ◽  
Golden Age ◽  
Structural Adjustment ◽  
Investment Climate ◽  
Private Sector Development ◽  
Effective Implementation ◽  
Adjustment Program ◽  
The Government

Abstract:The promotion of the private sector has become an integral part of Ghana's economic development strategy since it embarked on its structural adjustment program (SAP) in 1983. Private sector development, which involves the improvement of the investment climate and the enhancing of basic service delivery, is considered one of the necessary factors for sustaining and expanding businesses, stimulating economic growth, and reducing poverty. This article examines the policies of Ghana's New Patriotic Party (NPP) government and its strategies for making the private sector the bedrock of economic development and for achieving what it calls the “Golden Age of Business.” It argues that while the policies and initiatives being pursued have the potential to help in the development of the private sector in Ghana, the government has to play a more central role in this process, not only by creating the enabling environment for private businesses, but also by providing business with support and protection. While the “Golden Age of Business” is a neoliberal concept, its effective implementation requires a robust statist input.

The Private Sector in Ethiopia’s Transformation

2019 ◽  
pp. 686-703
Author(s):  
Mulu Gebreyesus
Keyword(s):  
Economic Development ◽  
Private Sector ◽  
Development Strategy ◽  
Manufacturing Sector ◽  
Critical Role ◽  
Export Market ◽  
Private Sector Development ◽  
Economic Development Strategy ◽  
Private Sector Participation ◽  
Private Entrepreneurs

This chapter examines private-sector development in Ethiopia, focusing on the situation since the incumbent government took power in 1991 and private-sector development became an integral part of Ethiopia’s economic development strategy. Several private entrepreneurs and enterprises have emerged since the reform and are now playing a critical role in the economic development of the country. However, the private sector has not yet made strong inroads into the manufacturing sector and the export market, which are perceived as crucial for industrialization and structural transformation. This chapter thus also seeks to highlight the key constraints impeding private-sector participation in these sectors and to suggest pathways to resolve these challenges.

Investment climate and government turnover in russian regions

2014 ◽  
pp. 88-117 ◽  
Author(s):  
G. Syunyaev ◽  
L. Polishchuk
Keyword(s):  
Economic Development ◽  
Theoretical Model ◽  
Private Sector ◽  
Authoritarian Regimes ◽  
Russian Regions ◽  
Investment Climate ◽  
Regional Data ◽  
Endogenous Property Rights ◽  
The Impact

We study the impact of Russian regional governors’ rotation and their affiliation with private sector firms for the quality of investment climate in Russian regions. A theoretical model presented in the paper predicts that these factors taken together improve “endogenous” property rights under authoritarian regimes. This conclusion is confirmed empirically by using Russian regional data for 2002—2010; early in that period gubernatorial elections had been canceled and replaced by federal government’s appointments. This is an indication that under certain conditions government rotation is beneficial for economic development even when democracy is suppressed.

Entrepreneurship, Innovation, and Economic Development: An Indian Experience

2020 ◽  
Vol 47 (3) ◽  
pp. 279-292
Author(s):  
M. Srikanth ◽  
G. Narendra Kumar ◽  
W. R. Reddy
Keyword(s):  
Economic Development ◽  
Private Sector ◽  
Scale Up ◽  
Policy Support ◽  
Policy Framework ◽  
Level Of Economic Development ◽  
The Government ◽  
Entrepreneurial Activities ◽  
Developed Nations ◽  
Innovative Culture

Entrepreneurship and innovation are considered as key drivers for economic development. In this study, we made an attempt to answer the question as to what should be the policy framework to encourage entrepreneurship and foster innovative culture in India to achieve the desired level of economic development. Entrepreneurship is built upon pillars such as institutional and policy support, availability of capital and entrepreneurial culture. In an emerging economy like India, the government should institutionalise innovation and entrepreneurship and promote commercialisation of brilliant ideas by emulating the startup ecosystems in the developed nations. Besides the government, large and well-established companies in private sector and research institutes should nurture startups by extending hand-holding support and generous funding. If India wishes to be a leader in innovation, it needs to scale up its gross expenditure on R&D, that is, on par with the advanced economies by engaging more researchers, especially in the private sector. Our article has important implications for policymakers and all key stakeholders, as it can help in identifying and implementing the appropriate measures to eliminate the obstacles that entrepreneurs face and channels to support innovative entrepreneurial activities in India.

scholarly journals Pengembangan Wisata Religi Makam Gus Dur di Kabupaten Jombang Pendekatan: Community Based Tourism

2020 ◽  
Vol 4 (3) ◽  
pp. 195-208
Author(s):  
Septa Mega Hera Kartika ◽  
Herman Cahyo Diartho ◽  
Fajar Wahyu Prianto
Keyword(s):  
Private Sector ◽  
Development Strategy ◽  
Local Community ◽  
Swot Analysis ◽  
Tourism Development ◽  
Local Economy ◽  
Community Based ◽  
The People ◽  
Religious Tourism ◽  
The Government

Religious Tourism Development of Gus Dur Sanctuary in Jombang Regency: Community Based Tourism Approach Community based tourism is the concept of tourism development by involving the people or community in its activities and management. This study aims to determine priority factors that may affect community based tourism and development strategy of Gus Dur sanctuary religious tourism in Jombang Regency. The analytical method used in this case is Analytical Hierarchy Process (AHP) and Strengths, Weaknesses, Opportunities, Threats (SWOT) analysis. Based on the results of AHP analysis, it was found that the activity of the organization or society groups (0.382), increased cooperation government and society (0.269), the addition of facilities and infrastructure (0.182), and manufacture of regulation (0.167), factor activity of organizations/communities are considered most important in determining the priority development of religious tourism of Gus Dur sanctuary. The results SWOT analysis obtained, six development strategies, namely to involve the local community in tourism development and empowerment activities, to facilitate the development of business/industry through microcredits that can support people’s economy, to optimize the role of the government to increase the planned development targets, to facilitate development of home business/industry through courses and training institutions, improve cooperation with private sector to support tourism development, and improve cooperation between community and government or private sector in developing local economy.

scholarly journals A Reflection on the Implementation of Second National Fadama Development Project in Kaduna and Katsina States of Nigeria

2015 ◽  
Vol 1 (2) ◽  
pp. 97
Author(s):  
Adam Adem Anyebe ◽  
Ibrahim Kurfi Mudi
Keyword(s):  
Development Strategy ◽  
Significant Relationship ◽  
Financial Services ◽  
Poverty Reduction ◽  
Secondary Data ◽  
Development Project ◽  
Primary Data ◽  
Effective Implementation ◽  
The Government ◽  
Selection Of

This study attempts to reflect on the implementation of the Second National Fadama Project in Kaduna and Katsina states of Nigeria with a view to assessing whether the project implementation has been effective in reducing poverty among the participating communities. It was therefore, hypothesized that there is no significant relationship between the Community-Driven Development Strategy and effective implementation of Fadama II project in the area of access to rural financial services and poverty reduction in the host communities. The primary data were obtained through the use of questionnaire and personal interview while secondary data were sourced from books, journals, unpublished materials and internet. The study showed that there is a significant relationship between Community-Driven Development and effective implementation of the project in the host communities. The research recommended that to enhance the success of future projects, the government should not interfere with the activities of such projects, especially in the selection of members of such associations and government should provide loan facilities to the beneficiaries in order to boost their assets acquisition capacity.

Recasting Strategic Opportunities and Challenges for Development in Saudi Arabia

2016 ◽  
pp. 406-417
Author(s):  
Hun Joo Park
Keyword(s):  
Economic Development ◽  
Saudi Arabia ◽  
Private Sector ◽  
Present Article ◽  
Development Strategy ◽  
Development Model ◽  
High Demand ◽  
Policy Responses ◽  
Economic Development Model

Thanks in part to the current world economy's high demand for oil, Saudi Arabia's economy is cruising along at the present time; however, to make such a growth or development sustainable in the long term requires a transformation of the economy from a heavily oil-dependent one to a more diversified, self-sustaining and private sector-driven economy. Thus, this article focuses on the underlying structural, social and institutional problems or reform challenges of the economy. In so doing, the present article critically examines Saudi Arabia's economic development model, while crisply reassessing the government's recent major policy responses to its development opportunities and challenges. And it offers some tentative suggestions for freshly rethinking about Saudi Arabia's national long-term development strategy and its implementation.

scholarly journals What's missing from ‘What's missing’? A reply to C. Cramer and N. Pontara, ‘Rural poverty and poverty alleviation in Mozambique: what's missing from the debate?’

1999 ◽  
Vol 37 (4) ◽  
pp. 697-709 ◽  
Author(s):  
M. Anne Pitcher
Keyword(s):  
Food Security ◽  
Development Strategy ◽  
Rural Areas ◽  
Poverty Alleviation ◽  
Structural Adjustment ◽  
Rural Poverty ◽  
Local Communities ◽  
The Government ◽  
Private Investors ◽  
Democratic Elections

Mozambique has undergone some dramatic changes in recent years. The government concluded a 17-year-old civil war in 1992 and held democratic elections in 1994. Following the adoption of structural adjustment policies after 1987, the government eliminated subsidies on food and consumer items, pledged its support for emerging markets, and has now sold most state companies to private investors. These changes have generated much interest among researchers and policymakers, particularly with regard to their impact on the countryside, where the majority of Mozambicans live and work. Recent studies have focused on the most appropriate rural development strategy for Mozambique now that the war has ended, or examined ways to alleviate the widespread poverty that still exists in rural areas. Other work has analysed the structure of agrarian relations or how to ensure food security. Additional research has criticised the government's on-going policy of encouraging and granting land concessions to private investors. It claims that the policy lacks transparency and fails to consider the rights of local communities.

scholarly journals Socio-Economic Development and Infrastructure Cost Performance in China: Comparing Transport and Energy Sectors

2020 ◽  
Vol 49 (2) ◽  
pp. 185-206
Author(s):  
Wiebke Rabe ◽  
Genia Kostka ◽  
Sabrina Habich-Sobiegalla
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
National Development ◽  
Project Performance ◽  
Infrastructure Projects ◽  
Cost Performance ◽  
Infrastructure Provision ◽  
Socio Economic Development ◽  
The Government ◽  
Infrastructure Performance

Socio-economic development is often linked to efficient infrastructure provision. In China, the government has rolled out ambitious infrastructure projects as part of its national development strategy. There is much to praise about China’s infrastructure provision, such as its remarkable scale and speed of infrastructure delivery. However, based on studying 153 infrastructure cases between 1983 and 2018 and two in-depth case studies, we find that China’s infrastructure performance is not as positive as often assumed. We show that infrastructure projects continuously arrive significantly over budget. We argue that this cost performance depends – similar to Western countries – on inaccurately anticipating technical hindrances and geographical challenges. In addition, however, we identify another important and so far less discussed project performance determinant specifically relevant to the Chinese context: population resettlements and land acquisition.

scholarly journals A Strategy of Economic and Industrial Development of Russia in the Worldwide Instability Environment

2019 ◽  
Vol 12 (1) ◽  
pp. 76-85
Author(s):  
I. S. Tsypin ◽  
S. I. Tsypina
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Global Economy ◽  
Industrial Development ◽  
Large Scale ◽  
International Investment ◽  
The State ◽  
Economic Strategy ◽  
Balanced Development ◽  
The Government

The subject of the researchis the development of the Russian economy through enhancing its management efficiency.The relevanceof the problem is caused by the need to overcome the slow economic development before 2024–2030 as well as by fundamental changes in the global economy associated with the collapse of the globalization policy and the transition to the state protectionism, which requires changing the approach to the domestic economy management. Other important factors are a variety of economic development strategies available and the need to choose and justify an optimum strategy for the development of Russia.The purpose of the researchwas the development of a sound economic strategy and guidelines for its implementation with account for aggregate influencing factors. A comprehensive strategy for the development of the national economy is proposed based on the optimal combination of defense-industrial, resource, stabilization and innovation strategies while taking into account the specifics of Russia. To evaluate the condition and prospects of the Russian economic development, two groups of factors have been identified: external economic and internal economic. With account for their impact, the guidelines for the integrated economic strategy implementation are proposed. As a result of the research findings,it is concludedthat to achieve the goals set it is reasonable to ensure the balanced development of foreign economic relations based on joint large-scale international investment projects; increase the manufacturing and exports of hightech and deep processing products; ensure intensive growth of labor productivity and product quality based on industry modernization. The research was based on studying and analyzing information from domestic and foreign sources, Presidential decrees, resolutions and decisions of the State Duma and the Government, materials of the Russian Statistical Service (Rosstat) and relevant periodicals. In the course of the research, methods of analysis and synthesis, selection of the main link and classification were used. The results of the research can be helpful in the implementation of the economic development strategy and for management of structural transformations.

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