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Author(s):
Editor in Chief.
Page No :
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African Journal of Economics and Sustainable Development, Volume 2 Issue 2, Full Issue
Abstract
African Journal of Economics and Sustainable Development, Volume 2 Issue 2, Full Issue
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Author(s):
Sheriff Ghali Ibrahim, Mustapha Abdullahialiyu.
Page No : 1-19
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Impact of Globalization on the Third World: Venezuela as Point of Departure
Abstract
The paper examines the concept of globalization and analyses its impact on the political economy and social well-being of the Venezuelan state. Using the descriptive method and library instrument, findings show that Venezuela and the Venezuelans are currently caught in the web of globalization as America and Europe designed-hence the state and fate of Venezuela even as an oil rich country appears to be on the brink. The paper concludes that globalization as a real political and economic packaging of American global hegemony, was designed to enforce on the world, American political views through United Nations and the American foreign policy directives and American economic interest through the World Bank and the IMF. In the context of globalization there is a rich neighbor (the U.S.A) suffocating life out of the masses of a poor nation Venezuela, all because of differences in political ideological lining. the paper recommends that for Venezuela to bring back its glory as a sovereign entity, the united states must withdraw from interfering in the affairs of Venezuela, which seems cumbersome, but this can be influenced by other foreign powers such as Russia and china. Venezuela must try harder to curtail the level of human suffering by soliciting aid from the outside. This will provide a room for essential services to be delivered and attract citizens who left the country to return for strengthening their own country, among other things.
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Author(s):
Prof. Elena G. Popkova, Dr. Lubinda Haabazoka, Prof. Yulia V. Ragulina.
Page No : 20-38
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Africa 4.0 as a Perspective Scenario for Neo-Industrialization in the 21st Century: Global Competitiveness and Sustainable Development
Abstract
Purpose: The article studies the perspectives of involvement of African countries in the global Fourth industrial revolution based on breakthrough technologies of Industry 4.0. Design/methodology/approach: The methods of imitation modeling, trend analysis, regression, correlation analysis, variation analysis, and scenario analysis were used for determining the future scenarios of development of African countries for periods of up to 2030. The sources of statistical data for the research included secondary data from the IMF and the World Bank. Findings: It is substantiated that the most perspective scenario is neo-industrialization, which has been conducted in recent years by the most progressive countries of the European, American, and Asia-Pacific regions of the world. This scenario will ensure global competitiveness and sustainable development of African countries in the long-term. Originality/value: As a result, the authors develop a conceptual model of Africa 4.0 and offer the algorithm of neo-industrialization of African countries based on breakthrough technologies of Industry 4.0. The article opens a wide field for further scientific research, which should be devoted to adapting the conceptual model of Africa 4.0 to the national specifics of certain African countries for maximization of effectiveness of its practical application.
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Author(s):
Sheriff Ghali Ibrahim, Mike Uwoh Benjamin.
Page No : 39-55
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US-China Trade War: Making America Great Again or a Symbolic Decline of an Empire?
Abstract
This paper navigates into the contemporary U.S.-China trade war with the aim to examine the causes, impact on both sides and on the global environment. The paper also analyses the ambiance of the U.S. global influence especially from the perspective of Trump’s make America great again or its paradox of a declining empire, which seemed to be reason why the united states wages trade war not only against China, Mexico, Canada and a host of other nations. From the application of a library research, findings show that, a trade war would have a very serious repercussions all over the world; It could derail the current global economic expansion and cripple American businesses that depend on business with China. It could also further complicate geopolitical priorities. The paper concludes that, as the two biggest economies in the world, the trade war will definitely lead to great economic incongruity from both sides, but ensures more progress for Chinese economy and waning of American economic strength and global influence. The paper recommends that the US and China should find a safe landing for a better resolution of the ongoing trade war as it may affect the global economy in general, among other things.
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Author(s):
Acacha Acakpo Hortensia V..
Page No : 56-78
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Geographical Positioning and Market Resources in Benin Border Communes
Abstract
Space is not neutral and its dynamism depends on the activities that take place on the one hand and interactions between actors on the other. This work analyzes the dynamics of border areas across municipalities. Border municipalities are mainly characterized by strong trading networks that influence the tax base. Assuming that market infrastructures influence the tax, base and using the panel data on municipalities' revenues, the results show that the autocorrelation is not located at specific locations, such as in the municipality of Grand popo in southwestern Benin. Local self-government of municipalities is a challenge to decentralization. It is necessary to strengthen market networks, develop a more effective strategy for mobilizing and broadening the tax burden and, finally, raise the awareness of actors to learn their rights and duties by paying taxes. remains a challenge.
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Author(s):
Idowu Samuel Sunday.
Page No : 79-93
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Nigeria-United States Trade Relations Under African Growth and Opportunity Act (AGOA) (2000-2018): Interrogating the Trends and Issues
Abstract
International trade relations between Nigeria and U.S. are strategic because the former is the largest economy among the Sub-Sahara African countries (SSA) that are a party to the U.S. AGOA initiative. But while the aggregate study of the impact of U.S trade relations with SSA countries is replete in the literature, a country-by-country study to examine in detail the individual state peculiarities effects on the interaction, more importantly looking beyond the preferential regime is missing. Therefore, this study interrogates the trends and issues emanating from the Nigeria-U.S. trade agreement with its implications for the post-AGOA era. Using factor endowment theory as a framework, the work explores credible secondary data sources alongside recent reports and studies to prosecute the research. It discovers that U.S. oil import from Nigeria dominates as the commodity for trade intensity excluding agriculture and manufactures products, making the trading to be imbalanced and deprived of mutual benefit. The study hence suggests that Nigeria should transform her political, education and socio-economic environment for proper positioning for maximization of her potentials both for AGOA and beyond U.S. trade partnership while the U.S. is to take deliberate steps toward ensuring sincerity of her interest in growing African economy amongst others.
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Author(s):
Ayeni Ekundayo, Usman Danlami Faringoro, Osu Danjuma Job.
Page No : 94-102
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An Evaluation of Slum Development and its Effects on Housing Quality in Lafia Metropolis
Abstract
Housing has been defined to be more than shelter in order to embrace all the social services and utilities that make a community or neighbourhood a liveable environment. Slum is a heavily populated urban informal settlement characterised by substandard housing and squalor. The research aimed at an evaluation of slum development and its effect on urban housing quality. To achieve the aim, the following objectives were observed; to identify the common types of slum found within the study areas. This research work is made possible through the use of both primary and secondary sources of data. The analyses were made in tabular form and they carried their respective percentages and different types of graphs and charts were used in the interpretation of tables. Based on the survey, a lot of findings have been made. The absence of good drainage system, sanitary system, refuse disposal, sources of water, standard buildings make living very difficult for the people and also have native effects on the housing quality of the dwellers within the area. At the end the researcher drives to his conclusion and make same recommendation that without any proper action from now year 2020 flood shall occur within the study area.
