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Dynamic Business Environment in the Tanzanian Mining Sector
Issue:
Volume 10, Issue 1, February 2021
Pages:
1-7
Received:
23 September 2020
Accepted:
5 November 2020
Published:
12 January 2021
Abstract: Developing countries strive to market their business environments so as to attract investment. However, the business environment is always dynamic and full of uncertainties. This article investigates the dynamic environment of the mining sector, highlighting on the case of Barrick Gold Corporation, Anglo Gold Ashanti and Shanta Gold which are the three dominant mining companies in Tanzania. The study also uniquely encompasses the Tanzanian Government position in instituting the changes in policy in efforts to improve the citizen’s welfare and boost the revenues emanating from the sector. A qualitative design was used in this paper and findings indicate that the mining environment in Tanzania is very favorable for investors, although few un-honest government officials have used the loopholes in the legal framework to benefit out of the situation. Lessons are learnt from the investor’s perspective and the government side and constructive dialogue is on the way to ensure that concerns from both parts are encompassed so as to attract further investment in the extractive sector and to ensure that the mining FDI abide to the laws without any potential room for deviating. Finally, the study predicts a bright future for Tanzania mining sector due to remarkable infrastructure projects that are under way including; the standard gauge project, hydroelectric power station and roads. These projects are likely to lower the costs of operation to the potential mining companies.
Abstract: Developing countries strive to market their business environments so as to attract investment. However, the business environment is always dynamic and full of uncertainties. This article investigates the dynamic environment of the mining sector, highlighting on the case of Barrick Gold Corporation, Anglo Gold Ashanti and Shanta Gold which are the t...
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Minimum Wage Impact on RMG Sector of Bangladesh: Prospects, Opportunities and Challenges of New Payout Structure
Ashik-Uz-Zaman,
Md Abdul Mannan Khan
Issue:
Volume 10, Issue 1, February 2021
Pages:
8-20
Received:
24 November 2020
Accepted:
17 December 2020
Published:
12 January 2021
Abstract: Strike and labor unrest is very much common for the Readymade Garments (RMG) sector of Bangladesh. Most of them are basically for payment related issue like irregular wage payment practice of the garment factories owners and significant lag time of wage payment to the workers. With a view to maintaining stability in RMG sector, Ministry of Labor and Employment published new wage structure specially for the RMG sector in November 2018. Though new payout structure has been approved the effective implementation has become a great challenge for the governmental or regulatory authority as more than 50 percent increment in the lower graded workforce gross payout generates expectation gap of the owners of the RMG factories regarding the passion and value generating activities of the lower graded or minimum payout holder working force. High turnover in lower graded labor force and lack of working dedication generates reluctance of the owners to implement new payout structure of RMG sectors. However early stage patience and passion for working in RMG sector may gift a better career growth for the new workforce. Results have also justified the affiliation of a number of factors that may get influenced for the implementation of new minimum wage payout in the RMG sector.
Abstract: Strike and labor unrest is very much common for the Readymade Garments (RMG) sector of Bangladesh. Most of them are basically for payment related issue like irregular wage payment practice of the garment factories owners and significant lag time of wage payment to the workers. With a view to maintaining stability in RMG sector, Ministry of Labor an...
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An Error Correction Model on the Impact of Government Expenditure on Economic Growth in Liberia from 1970 to 2020: Keynesian Economics Visited
Issue:
Volume 10, Issue 1, February 2021
Pages:
21-26
Received:
21 December 2020
Accepted:
4 January 2021
Published:
12 January 2021
Abstract: Liberia is currently experiencing one of its worse economic decline in over a decade. Various explanations are attributable to this decline. The 2014 Ebola Virus disease, the withdrawal of the multinational peace keeping force and the reduction in its primary exports, rubber, timber, etc can all be cited as causes of such decline. To further inflame the anguish of the economy, the 2019 corona virus disease dampened the hopes for further economic repairs. The decline in the global economies weakens the demand for Liberia’s primary exports, iron ore and rubber. Given all these shocks, this research investigated the effect of government expenditure on economic growth in Liberia over the last 50 years. The research used vector error correction model to test for long run relationship between the two variables and found that there is a slightly strong long run relationship between government expenditure and growth, but did not find any short run relationship between government spending and growth. This implies that any non- performance of the budget which is the vehicle used to ferry government activities will have an adverse short run implication on the macroeconomy of Liberia. The research used data on government expenditure obtained from the Ministry of Finance and Development planning in Liberia, the World Bank database for economic growth.
Abstract: Liberia is currently experiencing one of its worse economic decline in over a decade. Various explanations are attributable to this decline. The 2014 Ebola Virus disease, the withdrawal of the multinational peace keeping force and the reduction in its primary exports, rubber, timber, etc can all be cited as causes of such decline. To further inflam...
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Effects of Accounting Bases on Financial Reporting in Nigeria: The Case of Kaduna State
Jimoh Ihiovi Ojo,
Njijong Ajabwoa Marcelus
Issue:
Volume 10, Issue 1, February 2021
Pages:
27-33
Received:
28 April 2020
Accepted:
5 December 2020
Published:
12 January 2021
Abstract: Local Government financial reporting across the country has been largely driven by cash accounting basis and this has attracted a lot of criticism based on the quality of informational content of such report. Therefore, this study is carried out to assess the Local Government accounting basis on the financial reporting in Nigeria with particular emphasis on all the Local Government in Kaduna State. The study utilized descriptive research design using the entire 23 Local Governments in Kaduna State using their annual reports and accounts as a source of information. Also, the study utilized stata 12 to analyzed the formulated multiple regression model. The descriptive result reveals that there is wide variation in the financial reporting quality among the Local Governments under investigation across the state. This was supported by the large mean value of the size of the local government with a mean value of 16.824 suggesting that the Local Governments under investigation are of different sizes and probably their reporting quality will certainly differ. The regression summary reveals that the cumulative explanatory variables are statistically significant in explaining the effects of Local Government accounting basis on financial reporting. Similarly, the entire individual variable shows that they were all statistically significant having p-val < 0.05. This outcome suggests that the study failed to accept the null hypothesis. Therefore, the study recommends that the councils should ensure consistence in financial reporting in order to guarantee reliable and verifiable financial information as contained in the annual reports and accounts.
Abstract: Local Government financial reporting across the country has been largely driven by cash accounting basis and this has attracted a lot of criticism based on the quality of informational content of such report. Therefore, this study is carried out to assess the Local Government accounting basis on the financial reporting in Nigeria with particular em...
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Anti-monopoly Law of China: A Case Study of Coca Cola’s Proposed Merger with Huiyuan
Nishan-E-Hyder Soomro,
Asif Khan,
Ahmed Arafa
Issue:
Volume 10, Issue 1, February 2021
Pages:
34-39
Received:
9 December 2020
Accepted:
5 January 2021
Published:
18 January 2021
Abstract: An attempt is made by this study in order to determine whether AML is for protectionism or a leap forward. For this reason, the first part of this article sheds light on AMLs background along with aims and objectives of it while providing a precise glimpse into proposed merger under the AML. For this reason, the researcher took Coca Cola’s case in China. In addition to this, some concerns raised by scholars over the decision of China with regard to Coca Cola’s merger with Huiyuan are also addressed. The third part of this paper lays out a legal framework in order to create as well as implement AML, with special focus on the process of merger review. It is argued by the researcher that Coca Cola’s proposed merger was blocked by China under AML, which also drew world’s attention along with criticism. The reason is China flexed its antitrust practice muscles at the expense of this since a Coca Cola’s merger was blocked; while there is no doubt that it always attracts international business community. For decades China has been seen as the land of opportunity and growth for foreign investors and only time will determine whether this decision signals a change in that policy. The role of protectionism is explained by part three while investigating concerns with reference to public interests under AML. In this section, underlying rationale to block merger of Coca Cola with Huiyuan is analyzed by proposing that how can improvement be made by China in the merger review process. China made us believe that the decision to block such merger was for lessening and protecting competition, however, clear guidelines are greatly required by enforcement agencies in order to follow as well as increase transparency in the processes of decision making, it would ultimately help china to make better plans for enterprises in the future while showing China as a greatly attractive and fertile ground in order to grow and expand. The paper is concluded in part four along suggesting the adoption of clear merger guidelines which would diminish all the concerns raised by legal scholars; such guidelines would help foreign firms in terms of merger with domestic enterprise in China in the future. Qualitative research methodology has been applied to the following article.
Abstract: An attempt is made by this study in order to determine whether AML is for protectionism or a leap forward. For this reason, the first part of this article sheds light on AMLs background along with aims and objectives of it while providing a precise glimpse into proposed merger under the AML. For this reason, the researcher took Coca Cola’s case in ...
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ERP Business Process Attributes to Create Competitive Advantage
Izzeideen Ata Alomari,
Ziad Jalal Aldammagh
Issue:
Volume 10, Issue 1, February 2021
Pages:
40-49
Received:
10 December 2020
Accepted:
4 January 2021
Published:
25 January 2021
Abstract: During the industry 4.0 revolutions and business intelligence era, in which automation and data exchange in manufacturing technologies becomes a prerequisite. Therefore, companies aspiring for achieving competitive advantage need to be updated with the latest technologies. Enterprise Resource Planning (ERP) systems are among the most up-to-date integrated information systems which play particularly important role in overseeing and coordinating all the activities, information and functions and information of a business from common database. Despite the fact that previous studies indicate a lack of understanding of the relationship between ERP systems and competitive advantage using each of ERP business processes attributes (i.e. integration, standardization, routinaziation and centralization) need to be investigated. Based on the 114 functional answers, the data was examined utilizing the following approach: structural equation modeling (SEM) via the software: partial least square (PLS). The results offer empirical evidence on the importance of every ERP attribute in determining firm’s competitive. Evidently, there is a positive association between such variables and the competitive benefit. Such findings present an insight on the association between ERP attributes and the competitive advantage of an enterprise, which could be an input for businesses so as to encounter the industrial digitalization and the era of business intelligence.
Abstract: During the industry 4.0 revolutions and business intelligence era, in which automation and data exchange in manufacturing technologies becomes a prerequisite. Therefore, companies aspiring for achieving competitive advantage need to be updated with the latest technologies. Enterprise Resource Planning (ERP) systems are among the most up-to-date int...
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Eco 2020: Monetary Policy for the Future Central Bank and Economic Development in West Africa
N’djibio Kokou Charlemagne,
Sylla Doucouré Karima
Issue:
Volume 10, Issue 1, February 2021
Pages:
50-57
Received:
8 April 2020
Accepted:
28 April 2020
Published:
26 February 2021
Abstract: In a context where international political and diplomatic weight also weighs in the game of international monetary cooperation, regional monetary policy can offer to West African countries an opportunity to strengthen their individual and collective position in terms of development, within international cooperation. This vision, based not on the contribution to the resolution of internal monetary problems, but envisaged as an instrument to stem monetary shocks coming from the outside, has not been sufficiently recognized and analyzed, both in the theoretical literature and in considerations of policy makers. Better consideration of this dimension could help steer the debate on monetary integration in the right direction: that of rapid progress towards the single currency. The general objective of this paper is to propose to the political powers, a common monetary policy, able to inject the new dynamism into the economic development of ECOWAS (Economic Community of West African States) countries. This general objective is divided into two specific objectives: analyze the theoretical, economic and political challenges of ECOWAS monetary policy; and to propose a monetary policy adapted to the economic contexts of the ECOWAS countries, and able to inject the new dynamism into the economic development. To achieve these objectives, we carried out a documentary review of the monetary policies currently underway in the countries of West Africa. Next, we relied on the Autoregressive Vector Model with Panel Interactions (IPVAR), following the methodology proposed by Towbin, Pascal & Weber, Sebastian. An effective monetary policy of the future ECOWAS central bank can boost the development of West African countries.
Abstract: In a context where international political and diplomatic weight also weighs in the game of international monetary cooperation, regional monetary policy can offer to West African countries an opportunity to strengthen their individual and collective position in terms of development, within international cooperation. This vision, based not on the co...
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