Abstract: Small businesses are considered as engine of economic growth, contributing to employment generation, wealth creation, and poverty alleviation and food security in both developed and developing countries. Nigeria is facing many socio-economic problems and it is believed that by supporting small business development, as propellers of new ideas and more effective users of resources, often driven by individual creativity and innovation, Nigeria would be able to address some of its economic and social challenges, such as unemployment and economic diversification. Using secondary literature, this paper examines the role small businesses can play in the creation of jobs in North-West Nigeria to overcome issues of unemployment, which is the most devastating economic challenge facing the region. Most studies in this area have focused on Nigeria as a whole and only a few studies provide a regional focus, hence, this study will contribute to knowledge by filling this gap by concentrating on North-West Nigeria. It is hoped that with the present administration’s determination to improve the economy, small businesses would be used as vehicles for diversification of the economy away from crude oil to create jobs that would lead to a reduction in the country’s high unemployment level.
Abstract: The research investigates the causes of unemployment
in Namibia, Nigeria and South Africa and the role of Capital
Accumulation in reducing the unemployment profile of these
economies as proposed by the post-Keynesian economics. This is
conducted through extensive review of literature on the NAIRU
models and focused on the post-Keynesian view of unemployment
within the NAIRU framework. The NAIRU (non-accelerating
inflation rate of unemployment) model has become a dominant
framework used in macroeconomic analysis of unemployment. The
study views the post-Keynesian economics arguments that capital
accumulation is a major determinant of unemployment.
Unemployment remains the fundamental socio-economic challenge
facing African economies. It has been a burden to citizens of those
economies. Namibia, Nigeria, and South Africa are great African
nations battling with high unemployment rates. The high
unemployment rate in the country led the citizens to chase away
foreigners in the country claiming that they have taken away their
jobs. The study proposes there is a strong relationship between
capital accumulation and unemployment in Namibia, Nigeria, and
South Africa, and capital accumulation is responsible for high
unemployment rates in these countries. For the economies to achieve
steady state level of employment and satisfactory level of economic
growth and development, there is need for capital accumulation to
take place. The countries in the study have been selected after a
critical research and investigations. They are selected based on the
following criteria; African economies with high unemployment rates
above 15% and have about 40% of their workforce unemployed. This
level of unemployment is the critical level of unemployment in
Africa as expressed by International Labour Organization (ILO). And
finally, the African countries experience a slow growth in their Gross
fixed capital formation. Adequate statistical measures have been
employed using a time-series analysis in the study and the results
revealed that capital accumulation is the main driver of
unemployment performance in the chosen African countries. An
increase in the accumulation of capital causes unemployment to
reduce significantly. The results of the research work will be useful
and relevant to federal governments and ministries, departments and
agencies (MDAs) of Namibia, Nigeria and South Africa to resolve
the issue of high and persistent unemployment rates in their
economies which are great burden that slows growth and
development of developing economies. Also, the result can be useful
to World Bank, African Development Bank and International Labour
Organization (ILO) in their further research and studies on how to
tackle unemployment in developing and emerging economies.
Abstract: Global economy today is full of sophistication. All
over the world, business and marketing practices are undergoing
unprecedented transformation. In realization of this fact, the federal
government of Nigeria has put in place a robust transformation
agenda in order to put Nigeria in a better position to be a competitive
player and in the process transform all sectors of its economy. New
technologies, especially the Internet, are the driving force behind this
transformation. However, technology has inadvertently affected the
way businesses are done thus necessitating the acquisition of new
skills. In developing countries like Nigeria, citizens are still battling
with effective application of those technologies. Obviously, students
of business education need to acquire relevant business knowledge to
be able to transit into the world of work on graduation from school
and compete favorably in the labor market. Therefore, effective
utilization of social media by both teachers and students can help
extensively in empowering students with the needed skills. Social
media which is a group of Internet-based applications built on the
ideological foundations of Web 2.0, that allow the creation and
exchange of user generated content, and if incorporated into the
classroom experience may be the needed answer to unemployment
and poverty in Nigeria as beneficiaries can easily connect with
existing and potential enterprises and customers, engage with them
and reinforce mutual business benefits. Challenges and benefits of
social media use in education in Nigeria universities were revealed in
this study.
Abstract: It is very important for a developing nation to
developing their infrastructure on the prime priority because their
infrastructure particularly their roads and transportation functions as a
blood in the system. Almost 1.1 billion populations share the travel
and transportation industry in India. On the other hand, the Pakistan
transportation industry is also extensive and elevating about 170
million users of transportation. Indian and Pakistani specifically
within bus industry are well connected within and between the urban
and rural areas. The transportation industry is radically helping the
economic alleviation of both countries. Due to high economic
instability, unemployment and poverty rate both countries
governments are very serious and committed to help for boosting
their economy. They believe that any form of transportation
development would play a vital role in the development of land,
infrastructure which could indirectly support many other industries’
developments, such as tourism, freighting and shipping businesses,
just to mention a few. However, it seems that their previous
transportation planning in the due course has failed to meet the fast
growing demand. As with the span of time, both the countries are
looking forward to a long-term, and economical solutions, because
the demand is from time to time keep appreciating and reacting
according to other key economic drivers. Content analysis method
and case study approach is used in this paper and secondary data
from the bureau of statistic is used for case analysis. The paper
focused on the mobility concerns of the lower and middle-income
people in India and Pakistan. The paper is aimed to highlight the
weaknesses, opportunities and limitations resulting from low priority
industry for a government, which is making the either country's
public suffer. The paper has concluded that the main issue is
identified as the slow, inappropriate, and unfavorable decisions which
are not in favor of long-term country’s economic development and
public interest. The paper also recommends to future research
avenues for public and private transportation, which is continuously
failing to meet the public expectations.
Abstract: Unemployment among the youth is a significant
problem in South Africa. Large corporations and the public sector
simply cannot create enough jobs. Too many youths in South Africa
currently do not consider entrepreneurship as an option in order to
become independent. Unlike the youth of the Netherlands, South
African youth prefer to find employment in the public or private
sector. The Netherlands has a much lower unemployment rate than
South Africa and the Dutch are generally very entrepreneurial. From
early on, entrepreneurship is considered a desirable career option in
the Netherlands. The purpose of this study was to determine whether
there is a difference in the perceptions of some Dutch and South
African students in terms of unemployment and entrepreneurship.
Questionnaires were distributed to students at the North West
University's Vaal Triangle campus in Vanderbijlpark in Gauteng,
South Africa and the Technical University of Delft in the
Netherlands. A descriptive statistical analysis approach was followed
and the means for the independent questions were calculated. The
results demonstrate that the Dutch students are not as concerned
about unemployment after completion of their studies as this is not as
significant a problem as it is in South Africa. Both groups had
positive responses towards the posed questions, but the South African
group felt more strongly about the issues. Both groups of students felt
that there was a need for more practical entrepreneurship training.
The South African education system should focus on practical
entrepreneurship training from a young age.
Abstract: Financial inclusion has become a crucially important
factor in debates on economic inequality posing challenges to the
financial systems of countries around the world. Nowadays
governments and banks are concerned about creating products that
allow access to wide sectors of the population. The creation of
banking products by the financial sector for people with low incomes
tends to lead to improvements in the quality of life of vulnerable parts
of the population. In countries with notable social and economic
inequalities, financial inclusion is a key aspect for equitable
economic growth. This study is based on the case of Colombia, which is a country
with a strong record of economic growth over the past decade.
Nevertheless, corruption, unemployment, and poverty contribute to
uncertainty regarding the country’s future growth prospects. This study wants to explain the situation of financial exclusion and
financial inclusion with respect to the Colombian case. Financial
inclusion is going to be studied from the perspective of social
innovation.
Abstract: Native American communities are struggling with unemployment and depressed economies. A major cause is a lack of business knowledge, education, and cultural desire. And yet, in the history of the American West, Native Americans were considered the best traders and negotiators for everything from furs to weapons to buffalo. To improve these economies, there has been an effort to reintroduce that heritage to todays and tomorrows generation of tribal members, such Crow, Cheyenne, and Blackfeet. Professors at the College of Business Montana State University-Billings (MSUB) teach tribal students in Montana to create business plans. These plans have won national small business plan competitions. The teaching and advising method used at MSUB is uniquely successful as theses business students are now five time national champions. This article reviews the environment and the method of learning to achieve a winning small business plan with Native American students. It discusses the five plans that became national champions. And it discusses the problems and solutions discovered in the process of achieving results. Students who participated in this endeavor have graduated and become CPAs, MBAs, and gainfully employed in their chosen professions. They have also worked to improve the economies of their native lands and homes. By educating members of these communities with business strategy and plan development, they are better able to impact their own economies.
Abstract: Socio-economic development, which is seen around
the world today, has contributed to the emergence of new problems
of a social nature. Different political, historical, geographical or
economic conditions cause that, in addition to global issues of social
policy such as an aging population, unemployment, migration,
countries, regions, there are also specific new problems that require
diagnosis, individualized approach and efficient, planned solutions.
These should include, among others, digital addiction, peer violence,
obesity among children, the problem of ‘legal highs’, stress,
depression, diseases associated with environmental pollution etc. The
central authorities, selected most often with the tools specific to
representative democracy, that is, the general election, for many
reasons, inter alia, organizational, communication, are not able to
effectively diagnose their intensity, territorial distribution, and thus to
effectively fight them. This article aims to show how in Poland,
citizens influence solving problems related to the broader social
policy implemented at the local government level and indicates the
possibilities of improving those solutions. The conclusions of
theoretical analysis have been supported by empirical studies, which
tested the use of instruments of participatory democracy in the
planning and creation of communal strategies for solving social
problems in one of the Polish voivodeships.
Abstract: In the years followed independence, an economic
crisis and some conflicts led to the displacement of many people
inside Georgia. The growing poverty, unemployment, low income
and its unequal distribution limited access to basic social service have
had a clear direct impact on Georgian population dynamics and its
age-sex structure. Factors influencing the changing population age
structure and urbanization include mortality, fertility, migration and
expansion of urban. In this paper presents the main factors of
changing the distribution by urban and rural areas. How different are
the urban and rural age and sex structures? Does Georgia have the
same age-sex structure among their urban and rural populations since
1950s?
Abstract: The aim of this paper is to select the most accurate
forecasting method for predicting the future values of the
unemployment rate in selected European countries. In order to do so,
several forecasting techniques adequate for forecasting time series
with trend component, were selected, namely: double exponential
smoothing (also known as Holt`s method) and Holt-Winters` method
which accounts for trend and seasonality. The results of the empirical
analysis showed that the optimal model for forecasting
unemployment rate in Greece was Holt-Winters` additive method. In
the case of Spain, according to MAPE, the optimal model was double
exponential smoothing model. Furthermore, for Croatia and Italy the
best forecasting model for unemployment rate was Holt-Winters`
multiplicative model, whereas in the case of Portugal the best model
to forecast unemployment rate was Double exponential smoothing
model. Our findings are in line with European Commission
unemployment rate estimates.
Abstract: The problems of trafficking human beings were continuously violent in Thailand. The problems occurred from a variety of factors such as unemployment, agricultural workers’ urban immigration, sex tour, attitude of materialism society, divorced family, unsavourily effected law, and officers’ ignorance. The purposes of this study were to study the structure, connection, a number of trafficking human beings in Thailand. Qualitative and quantitative and results of previous research were used in this research. The previous procurers, interested persons, experienced people, human beings-aiding organization, and women-children rights organization were interviewed in depth. The field was used in a variety of regions. The findings showed that the structure and connection of trafficking human beings and their values are $8,750 million. There are 240,000 people in trafficked human beings. The trend of trafficking human beings grows continuously. It is changed according to economic circumstance, society and culture, and law. The state must be aware of its problem. The law is enacted by adding high penalty for serious fear.
Abstract: Economic growth always correlate positively with the
magnitude of the unemployment rate. This is caused by labor which
one of important variable to keep growth in the real sector of the
region. Meanwhile, the economic structure in districts of Jember
showed an increase of economic activity began to shift towards the
industrial sector and some other economic sectors, so they have an
affects to considerations for policy makers to increase economic
growth in Jember as an autonomous region in East Java Province. At
the fact, SMEs is among the factors driving economic growth in the
region. This is shown by the high amount of SMEs. However,
employment in the sector grew slightly slowed. It is caused by a lack
of productivity in SMEs. Through the analysis of the transformation of
economic structure theory, and the theory of Triple Helix using
descriptive analytical method Location Quotient and Shift - Share,
found that the results of the economic structure in Jember slowly
shifting from the agricultural sector to the industrial sector, because it
is dominated by trade sector, hotel and restaurant sector. In addition,
SMEs is the potential sector of economic growth in Jember. While to
maximizing role and functions of the institution's Research and
Development Center of SMEs, there are three points to be known, that
are Business Landscape, Business Architecture and Value Added.
Abstract: Numerous studies carried out in the developed
western democratic countries have shown that the ideological
framework of the governing party has a significant influence on the
monetary policy. The executive authority consisting of a left-wing
party gives a higher weight to unemployment suppression and central
bank implements a more expansionary monetary policy. On the other
hand, right-wing governing party considers the monetary stability to
be more important than unemployment suppression and in such a
political framework the main macroeconomic objective becomes the
inflation rate reduction. The political framework conditions in the
transition countries which are new European Union (EU) members
are still highly specific in relation to the other EU member countries.
In the focus of this paper is the question whether the same
monetary policy principles are valid in these transitional countries as
well as they apply in developed western democratic EU member
countries. The data base consists of inflation rate and unemployment
rate for 11 transitional EU member countries covering the period
from 2001 to 2012. The essential information for each of these 11
countries and for each year of the observed period is right or left
political orientation of the ruling party.
In this paper we use t-statistics to test our hypothesis that there are
differences in inflation and unemployment between right and left
political orientation of the governing party. To explore the influence
of different countries, through years and different political
orientations descriptive statistics is used. Inflation and unemployment
should be strongly negatively correlated through time, which is tested
using Pearson correlation coefficient.
Regarding the fact whether the governing authority is consisted
from left or right politically oriented parties, monetary authorities
will adjust its policy setting the higher priority on lower inflation or
unemployment reduction.
Abstract: The article focuses on the role of FDI in Georgia’s economic development for the last decade. To attract as much FDI as possible a proper investment climate should be on the place - institutional, policy and regulatory environment. Well developed investment climate is the chance and motivation for both, local economy and foreign companies, to generate maximum income, create new work places and improve the quality of life. FDI trend is one of the best indicators of country’s economic sustainability and its attractiveness. Especially for small and developing countries, the amount of FDI matters, therefore most of such countries are trying to compete with each other through improving their investment climate according to different world famous indexes. As a result of impressive reforms since 2003, Georgian economy was benefited with large invasion of FDI, however the level of per capita GDP is still law in comparison to Eastern European countries and it should be improved. The main idea of the paper is to show a real linkage between FDI and employment ration, on the case of Georgian economy.
Abstract: The analysis of the spatial disparities of social marginalization is a requirement in the present-day socio-economic and political context of Romania, an East-European state, member of the European Union since 2007, at present faced with the imperatives of the growth of its territorial cohesion. The main objective of this article is to develop a methodology for the assessment of social marginalization, in order to understand the intensity of the marginalization phenomenon at different spatial scales. The article proposes a social marginalization index (SMI), calculated through the integration of ten indicators relevant for the two components of social marginalization: the material component and the symbolical component. The results highlighted a strong connection between the total degree of social marginalization and the dependence on social benefits, unemployment rate, non-inclusion in the compulsory education, criminality rate, and the type of pension insurance.
Abstract: Countries in recession, among them Croatia, have
lower tax revenues as a result of unfavorable economic situation,
which is decrease of the economic activities and unemployment. The
global tax base has decreased. In order to create larger state revenues,
states use the institute of tax authorities. By controlling transfer
pricing in the international companies and using certain techniques,
tax authorities can create greater tax obligations for the companies in
a short period of time.
Abstract: The study is aimed to test causal relationship between
growth and unemployment, using time series data for Pakistan from
1972 to 2006. Growth is considered to be a pathway to decrease the
level of unemployment. Unemployment is a social and political
issue. It is a phenomenon where human resources are wasted leading
to deacceleration in growth. Johanson Cointegration shows that there
is long run relationship between growth and unemployment. For
short run dynamics and causality, the study utilizes Vector Error
Correction Model (VECM). The results of VECM indicate that there
is short and long run causal relation between growth and
unemployment including capital, labor and human capital as
explanatory variables.
Abstract: Due to a high unemployment rate among local people
and a high reliance on expatriate workers, the governments in the
Gulf Co-operation Council (GCC) countries have been implementing
programmes of localisation (replacing foreign workers with GCC
nationals). These programmes have been successful in the public
sector but much less so in the private sector. However, there are now
insufficient jobs for locals in the public sector and the onus to provide
employment has fallen on the private sector. This paper is concerned
with a study, which is a work in progress (certain elements are
complete but not the whole study), investigating the effective
implementation of localisation policies in four- and five-star hotels in
the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates
(UAE). The purpose of the paper is to identify the research gap, and
to present the need for the research. Further, it will explain how this
research was conducted.
Studies of localisation in the GCC countries are under-represented
in scholarly literature. Currently, the hotel sectors in KSA and UAE
play an important part in the countries’ economies. However, the
total proportion of Saudis working in the hotel sector in KSA is
slightly under 8%, and in the UAE, the hotel sector remains highly
reliant on expatriates. There is therefore a need for research on
strategies to enhance the implementation of the localisation policies
in general and in the hotel sector in particular.
Further, despite the importance of the hotel sector to their
economies, there remains a dearth of research into the
implementation of localisation policies in this sector. Indeed, as far as
the researchers are aware, there is no study examining localisation in
the hotel sector in KSA, and few in the UAE. This represents a
considerable research gap.
Regarding how the research was carried out, a multiple case study
strategy was used. The four- and five-star hotel sector in KSA is one
of the cases, while the four- and five-star hotel sector in the UAE is
the other case. Four- and five-star hotels in KSA and the UAE were
chosen as these countries have the longest established localisation
policies of all the GCC states and there are more hotels of these
classifications in these countries than in any of the other Gulf
countries. A literature review was carried out to underpin the
research. The empirical data were gathered in three phases. In order
to gain a pre-understanding of the issues pertaining to the research
context, Phase I involved eight unstructured interviews with officials
from the Saudi Commission for Tourism and Antiquities (three
interviewees); the Saudi Human Resources Development Fund (one);
the Abu Dhabi Tourism and Culture Authority (three); and the Abu
Dhabi Development Fund (one).
In Phase II, a questionnaire was administered to 24 managers and
24 employees in four- and five-star hotels in each country to obtain
their beliefs, attitudes, opinions, preferences and practices concerning
localisation.
Unstructured interviews were carried out in Phase III with six
managers in each country in order to allow them to express opinions
that may not have been explored in sufficient depth in the
questionnaire. The interviews in Phases I and III were analysed using
thematic analysis and SPSS will be used to analyse the questionnaire
data.
It is recommended that future research be undertaken on a larger
scale, with a larger sample taken from all over KSA and the UAE
rather than from only four cities (i.e., Riyadh and Jeddah in KSA and
Abu Dhabi and Sharjah in the UAE), as was the case in this research.
Abstract: In this paper we apply an Adaptive Network-Based
Fuzzy Inference System (ANFIS) with one input, the dependent
variable with one lag, for the forecasting of four macroeconomic
variables of US economy, the Gross Domestic Product, the inflation
rate, six monthly treasury bills interest rates and unemployment rate.
We compare the forecasting performance of ANFIS with those of the
widely used linear autoregressive and nonlinear smoothing transition
autoregressive (STAR) models. The results are greatly in favour of
ANFIS indicating that is an effective tool for macroeconomic
forecasting used in academic research and in research and application
by the governmental and other institutions
Abstract: Does education matter to the quality of our life? The results of extensive studies offer an affirmative answer to this question: high education levels are positively associated with higher income, with more highly qualified professions, with lower risk of unemployment, with better physical health and also, it is said, with more happiness. However, exploring these relationships is far from straightforward. Aside from educational credentials, what properties distinguish functionally literate individuals? How can their personal level of satisfaction be measured? What are the social mechanisms whereby education affects well-being?Using a literacy index and several measures for well-being developed by secondary analysis of the Adult Literacy and Life Skills Survey database, this investigation examined the relationship between literacy skills and subjective wellbeing in several OECD (Organisation for Economic Co-operation and Development) countries. Special attention was been addressed to Italy, and in particular to two regions representing territorial differences in this country: Piedmont and Campania.