Moroccan manufacturing firms generally choose to incorporate under one of two legalforms: ‘Société Anonyme’ (SA) and ‘Société À Responsibilité Limitée’ (SARL). This thesis is about that choice and its consequence for firms’ access to bank overdraft facilities.In 2001, Morocco...

This paper consists of two parts, which are conceptually only loosely interconnected. Proceeding from an impressionistic comparison of Bhutanese development in the late 1950s and in the late 1990s, Part I of this essay explores the missing link, the question of why development has taken the...

ENGLISH ABSTRACT: Small and Medium Enterprises (SMEs) are regarded as core drivers of private sectordevelopment in many countries. By their nature, SMEs encounter enormous problems,ranging from usage of appropriate technology, access to raw materials, lack of skills, etc.However, access to...

ENGLISH ABSTRACT: Development Finance Institutions (DFIs) in South Africa can enhance their role as prime vehicles for the Government to achieve the social objectives of meeting the millennium goals. This can be achieved by ensuring that higher ratios of resources available to the DFIs are...

ENGLISH ABSTRACT: The traditional form of delivering infrastructure and services by government is fraught with problems. These include cost overruns, time overruns and neglect of maintenance resulting in dilapidated and aged infrastructure. Public-private partnerships (PPPs) are emerging as an...

ENGLISH ABSTRACT: Black Economic Empowerment (“BEE”) is an imperative economic tool that the South African government established to achieve its transformational objectives which are meant to grow the economy, decrease inequalities and create more job and business opportunities for the South...

ENGLISH ABSTRACT: This study examines whether there is a solution to the challenges being faced in the capitalmarkets in Zambia. Literature on how other countries have overcome these challenges isreviewed to determine whether there is a solution to these challenges. The study also testsfor the...

ENGLISH ABSTRACT: Infrastructure and related services are crucial for facilitating economic activities, creatingemployment opportunities and generating economic growth. The African continent has ahuge infrastructure gap estimated by the World Bank at US$75 billion per annum.However, the current...

ENGLISH ABSTRACT: It is a fact that development aid represents the single most important source of external finance for most developing countries. This study sought to answer an important question relating to whether aid has a positive impact on economic growth or not. There is much literature...

AFRIKAANSE OPSOMMING: Die langtermynversekeringsindustrie het voorheen slegs finansiële produkte endienste ontwerp, wat gefokus was op die middel tot hoër inkomstegroepe. Die armeswas dus uitgesluit, primêr as gevolg van die laer inkomstegroepe wat nielewensversekeringsprodukte kon bekostig...