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Regional Financial Integration in Africa: Cross-listings as a Form of Regional Financial Integration
This book looks at contemporary issues facing financial markets in Southern Africa. It has been established that African stock markets are confronted with a multitude of problems which include inadequate liquidity, low capitalisation, few market participants, a small number of listed companies and low trading volumes. As a result, their broader economic impact has so far been limited. The Southern Africa Development Community (‘SADC’) stock markets, with the exception of South Africa, are small both in terms of the number of listed companies and market capitalisation, and they display considerable illiquidity. In general, the SADC region has shallow and underdeveloped financial markets. Their development has been hampered by a number of factors which include; political and economic uncertainty, fiscal dominance, weak judicial institutions, limited investment opportunities in the private sector, technological constraints, and the shortage of skilled personnel with expertise in banking and finance.
Futureville
Want to see the future? It is brighter than you think. What we believe about tomorrow determines how we live today. As Christians debate how to faithfully engage with our rapidly changing world, our vision of the future has never been more important. But rather than providing a clear sense of purpose for our lives, popular Christian ideas about the future steal it from us by saying our work in the world, apart from ministry, has no eternal value. Is it any wonder why young adults are less interested in church, or why a culture desperate for meaning and hope dismisses our message? In Futureville, Skye Jethani offers us a vision-shifting glimpse of the world of tomorrow described in Scripture. He reveals how a biblical vision of the future can transform every person’s work with a sense of purpose and dignity today. Futureville is a smart, inspiring call to cultivate the order, beauty, and abundance that reflects the heart and vision of God for our world.
Contemporary Migration to South Africa
Building on global interest in migration development, the volume draws attention to one of the most important migration systems in sub-Saharan Africa. It reviews South Africa’s approach to international migration in the post-apartheid period from a regional development perspective, highlighting key policy issues, debates, and consequences. The authors find at least three areas where migration is resulting in important development impacts. First, by offering options to those affected by conflict and crises in a region that has limited formal disaster management and social protection systems. Second, by mitigating shortcomings and distortions in regional labour markets. Third, by provid...
The Rhodesia Medal Roll
Rhodesia Medal Roll is the first book to list all gazetted recipients of Rhodesian honours and decorations from their inception in 1970. It even includes over 1,700 previously unpublished awards made between September 1979 and the abolition of the Rhodesian honours system in October 1981.
IMF Programs
IMF lending practices respond to economic conditions but are also sensitive to political-economy variables. Specifically, the sizes and frequencies of loans are influenced by a country's presence at the Fund, as measured by the country's share of quotas and professional staff. IMF lending is also sensitive to a country's political and economic proximity to some major shareholding countries of the IMF -- the United States, France, Germany, and the United Kingdom. We measured political proximity by voting patterns in the United Nations and economic proximity by bilateral trading volumes. These results are of considerable interest for their own sake but also provide instrumental variables for estimating the effects of IMF lending on economic performance. Instrumental estimates indicate that the size of IMF lending is insignificantly related to economic growth in the contemporaneous five-year period but has a significantly negative effect in the subsequent five years.
The Storm Inside
Women feel the storm activity all around. We find ourselves teetering somewhere between everyday chaos and crisis. We can feel a storm brewing, we are in the middle of a storm, or we are facing the aftermath of a storm. But don't be afraid because it is possible to grow through turbulent times. Storms show you what's really going on inside, reveal what you really believe, and actually make you stronger. In this powerful book Sheila will help you: Redefine your failures as a new beginning instead of an end. Replace the words always and never in your life with positive declarations of hope. Know with confidence how to help a friend in chaos or crisis.
How Does Foreign Direct Investment Affect Economic Growth
We test the effect of foreign direct investment (FDI) on economic growth in a cross-country regression framework, utilizing data on FDI flows from industrial countries to 69 developing countries over the last two decades. Our results suggest that FDI is an important vehicle for the transfer of technology, contributing relatively more to growth than domestic investment. However, the higher productivity of FDI holds only when the host country has a minimum threshold stock of human capital. In addition, FDI has the effect of increasing total investment in the economy more than one for one, which suggests the predominance of complementarity effects with domestic firms.
The Spatial Economy
The authors show how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics. Since 1990 there has been a renaissance of theoretical and empirical work on the spatial aspects of the economy—that is, where economic activity occurs and why. Using new tools—in particular, modeling techniques developed to analyze industrial organization, international trade, and economic growth—this "new economic geography" has emerged as one of the most exciting areas of contemporary economics. The authors show how seemingly dis...
Land market distortions and aggregate agricultural productivity: Evidence from Guatemala
Farm size and land allocation are important factors in explaining lagging agricultural productivity in developing countries. This paper examines the effect of land market imperfections on land allocation across farmers and aggregate agricultural productivity. We develop a theoretical framework to model the optimal size distribution of farms and assess to what extent market imperfections can explain non-optimal land allocation and output in-efficiency. We measure these distortions for the case of Guatemala using agricultural census microdata. We find that due to land market imperfections aggregate output is 19% below its efficient level for both maize and beans and 31% below for coffee, which are three major crops produced nationwide. The regions with higher distortions show a higher dispersion in land prices and less active rental markets. We also find that the degree of land market distortions across locations co-variate with road accessibility and ethnicity and, in a lower extent, with education.
The Bantu, Past and Present; an Ethnographical and Historical Study of the Native Races of South Africa
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
