The Neoclassical growth model asserted that, FDI inflow leads to capital stock which transforms to growth in the economy of the recipient country. The endogenous growth model also asserted that, this relationship only exist in the short run, but could result in long run relationship when there is technological spillovers. Frimpong et al (2006), studied on the causality between Ghana´s FDI and GDP and also the relationship between FDI and GDP growth from 1970 to 2002. Their results showed that FDI led to a growth in GDP during the pre- SAP (structural adjustment programme) era. Herzer, (2012), studied on how FDI investment affects developing countries growth including Ghana from 1970 to 2005.
There ideas and business in many ways gave many immigrants and African Americans jobs that they might not of had. Their ideas of vertical and horizontal integration are still use in business today and are major reasons why they were successful. Without these “captains of industry” the Gilded Age would not have been successful as it was in the industry. The need for unskilled workers in the new factories led to the immigration of Europeans and migration of African Americans. These unskilled working class people were just as important to the success to the growth and development of the US.
Ghana is a country of west Africa. Between the years 2007 and 2013, it recorded remarkable economic growth of 8.6%. Politically stable and relatively untouched by the corruption that affects most African countries, Ghana was attractive for many foreign investors. One reason of this great economic development was the discovery of offshore oilfields, which made Ghana a significant oil producer. This country, rich in minerals, exports gold, cocoa beans and by-products of coconut.
Most people especially those in the rural areas are involved in farming, fishing, animal husbandry among others. Likewise, the secondary sector which deals with manufacturing and processing of produce from the primary sector is an important economic activities in Ghana. The service providing activities like banking, health care, teaching etc. is an essential economic activity in
This question has been examined widely and explicitly by many researchers around the world. Financial system development causes economic growth follows the supply–leading hypothesis. A country where financial institutions are not facilitating financial activities in the domestic and international economy may have to face many problems, and that ultimately affects the economic development of the country. Efficient financial system helps a country to achieve the following objectives: • Transfer of financial resources: Obtaining funds from the surplus holders such as household individuals, business firms, public/private sector, government etc. is an important role played by financial
Unfortunately this result has not reflected on the standard of living of its people, neither an improvement of infrastructure and other problems like economic inequality has been solved. Also, the level of unemployment in Nigeria is high. The development of the non-oil sectors, such as manufacturing and agriculture, may help to improve Nigeria’s dependence on the oil industry. Nigeria’s economic trends From time to time Nigeria faces many challenges, and it continues to grow, even if slowly. It might have surpassed South Africa as the largest economy but this is yet to reflect on its economic standing.
In Ghana, 80% of the workforce is employed in the informal sector. Invalid source specified.. This has been due to its prospect for self-employment; has easy entry and exit and less capital to establish and sustaining businesses in the sector. In spite of its advantages, it is characterized by several negatives which create a propensity to discourage the youth from exploring the sector. These over the years have included high income insecurity, underemployment, bad working conditions, uncertain work relationships and low wages, among othersInvalid source specified..
The business sector has depended mainly on short-term financing such as overdrafts to finance even long-term capital. Based on the maturity matching concept, such financing is risky. All such firms need to raise an proper mix of short- and long-term capital (Demirguc-Kunt& Levine 1996). The Nigeria economy has been seriously affected with a lot of socio-economic and political dissatisfaction to economic growth. Capital market serves as veritable channels to mobilize both domestic and foreign savings for the developmental purpose.
Almost 90% of Ghanaian children are in school – compared with 64% in Nigeria and 72% in Pakistan." Ghana's government prioritizes education for their modern generation and spends more on education than other nations although "Two-thirds of Ghana’s 26 million people are farmers" (The Guardian) and may not have a high salary income. This is presumably due to the fact that Ghana is one of the more steady countries in Africa economically and politically with solid infrastructure and infrequent political
Second, there is the need to qualify the kinds of urban places in the country if the current threshold of 5000 is maintained to compare trends from year to year. Cities are not only independent centers of concentrated human population and activity; they also exert a potent influence on the rural landscape. What are distinctive about the growth of cities in Ghana are the length of its historical extension and the geographic pervasiveness of its