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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.
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.
This volume examines international migration policies and practices in post-apartheid South Africa. It consides both regional and highly localised impacts, the historical experience of migration policy-making and the roots of contemporary policy dilemmas as well as the question of skilled labor.
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.
Empowerment of women through gainful employment is a constituent - as well as instrument - of development in any country. No country can be deemed developed if half of its population is severely disadvantaged in terms of basic needs, livelihood options, access to knowledge and political voice. A natural corollary of ensuring gender equality is the elimination of gender discrimination. Women's lack of economic empowerment not only impedes growth and poverty reduction, but also has a host of other negative impacts including less favourable education and health outcomes for children. Thus, it is extremely important to ensure that women are economically, socially and politically empowered. Effec...
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.
This paper analyzes poverty dynamics in rural Bangladesh using a nationally representative panel dataset of 5,260 rural households interviewed in 2011/12 and 2015. We find that education, savings, assets, non-farm employment, substantial safety net transfers, and women’s empowerment are key factors in breaking persistent poverty; and savings, non-farm engagement, and substantial safety net transfers prevent households from falling into poverty. The results are consistent across multinomial logit, logit, and simultaneous quantile regression models. Thus, policies and programs that address the determinants of persistent and transient poverty identified in this study hold promise for sustained poverty reduction in rural Bangladesh.
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.
Where is your faith today—first sparks of faith, bright blue flames, radiating heat, raging bonfire, red-hot coals, cooling embers, cold grey ashes? Is your love for God burning so brightly that you are consumed by its passion? Are those who surround you drawn to its radiance and warmed by its heat? Are sparks flying from you, spreading a wildfire faith that ignites passion in others? Or has your passion cooled, your light dimmed, or your fire been quenched? Throughout history God has chosen fire to represent his awesome power, his judgment and wrath, his protection, and his Shekinah glory: the flaming sword guarding Eden, the burning bush, the pillar of fire, the fiery furnace, the chario...