مكتبة جرير

Microfinance against the Resource Curse? Lessons for Ghana to learn from Botswana:How to Transfer National Resource Wealth into Economic Development w

كتاب مطبوع
117ر.س.
شامل ضريبة القيمة المضافة
وحدة البيع: EACH
المؤلف:Anonymous
تاريخ النشر: 2011
تصنيف الكتاب:الادارة والأعمال,الكتب الانجليزية,
عدد الصفحات:38 Pages
الصيغة:غلاف ورقي
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117ر.س.
شامل الضريبة

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Scientific Study from the year 2011 in the subject Business economics - Investment and Finance, grade: A, IE Business School, Madrid, language: English, abstract: This paper creates a linkage between the two at first sight unrelated concepts of the resource curse phenomenon, and financial inclusion with an emphasis on microfinance. I posit that in certain states of financial inclusion and with specific public policies for the financial sector and microfinance, the resource curse can be averted better in emerging economies. Hence, the focus of this work is not in the widely discussed institutional political realm whose deficient top-down approach often supports the resource curse. In contrast, I advocate an unconventional bottom-up strategy enabling the poor and marginalized parts of society to participate in the financial arena, which can prevent the resource curse phenomenon in countries rich in natural resources. In line with this idea I will present five proposals that foster an environment to absorb windfall revenues from natural resources positively. As a case study, Botswanas successful development despite resource abundance is examined along those theoretical concepts of financial inclusion. For this country, the results strongly suggest that the financial sector is not key for explaining the positive trajectory of the country. Nonetheless, we can draw several conclusions from Botswanas experience that serve as recommendations for Ghana. The West-African nation started exploiting petroleum this year, and is currently facing the challenge of averting the resource curse. I conclude that financial inclusion together with microfinance can aid Ghana in its future development and suggest specific policies that shall support the resource curse prevention in the country.
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رقم الصنف9783640962846
رقم المصنع9783640962846
تاريخ النشر2011
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