Informal economy

UmohINTRODUCTION This article overviews the growth and development of the Nigerian economy from inde pendence to present times. Specifically, the following periods are discussed: the pro-oil boom decade (1960-70); the period of the oil boom (1971 1977); the period of stabilisation and structural adjustment (1986 - 1993) and the period of guided deregulation (1994 -1998).GENERAL PERFORMANCE OF THE ECONOMY The Nigerian economy has had a truncated history. In the period 1960-70, the Gross…

Norway to generate high level of income independent from non-renawable sources. According to Jafarov, et al (2007), The Fund was established as a tool to support prudent management of Norway’s petroleum wealth. One purpose is to shield the non-oil economy from price fluctuations. The Fund is also a long-term savings instrument. It will help to cope with future financial commitments linked to an ageing population. Accumulation of capital in the Fund reflects the depletion of a non-renewable…

because of their vastly different economies. The diverse needs of the different economies caused economic policies controversial, because each policy could only support one economy. The Southern States were slave societies, relying on millions of slaves to maintain their vast plantations. The Northern states however did not need slaves. Some families owned…

unemployment rate in 2015 was recorded at 5.3 percent in August of 2015, the same as in July, remaining one of the lowest in Europe. One of the reasons why policy makers in developing countries strive to attract FDI is to create new jobs in their economies. Zambia also has a high unemployment rate of 13.30%. If these developing countries sought to seek FDI then workers would be required and most firms would rely on the recipient country of FDI for workers rather than employ workers from the host…

In Toni Bambara’s short story, “The Lesson”, many ideas of living are expanded upon. Bambara uses the main protagonist, Miss Moore, as a sort of gateway for the youth in the story to learn these ideas. “The Lesson” takes place in the 1960’s, which helps provide the reader with a sense of how social standards are set in the story. The story revolves around two main characters, an elderly woman named Miss Moore and a younger girl named Sylvia. The two characters are constantly having a battle over…

conversed in this week’s readings, reflects an external source dictating the economic and political means of another country. To elucidate, the global economy replicates “the international spread of capitalism, especially in recent decades, across national borders and with minimal restrictions by governments” ("Global economy | Define Global economy at Dictionary.com," n.d.). In an exploit to extend capitalism, the global economic market raises controversy, as it generates sweatshops in poor…

In order to have development you need growth in “capital stock, employment, investment, savings, consumption, government speeding, imports, and exports” (Economy & Growth). When one of these starts to grow the development will also start to rise. For Nigeria I am going to focus on their exports of goods and services. Nigeria’s export of goods consist of anything they send out to the world. This consist of…

resources a country has, and trading partners have the biggest effect on changing economic progress. Therefore, money should be spent on education, multiple resources should be used for income, and picking smart trade partners will lead to a better economy. Some of the strengths that the country has economically is their petroleum supply and minerals such as zinc, copper, and uranium. The weakness of this country is the job market with the astonishing unemployment rate of 53%. With knowledge…

environment, production, and equity. Equity is Athens’ lowest score, significantly decreasing its five-dimensional rank. Two characteristics of Athens can justify this score. First, Athens functions through non-basic activities targeting tourists. This economy benefits visitors a great deal while generally disregarding the current population. Thus, disrupting how benefits spread across the city. Furthermore, Greece is suffering from a nearly decade-long recession (CITE?). This economic situation…

and are more socialistic in nature. Throughout the book, it is apparent that author believes that the free market is the best way to grow our nation’s economy, alleviate social injustice and corrupt business practices, and solve environmental issues. Murphy believes that government regulations,…