Broadly speaking, a country's financial system includes all institutions involved in moving savings from households and firms (whose income exceeds their expenditures) to other households and firms who like to spend more than their income and liquid assets. There are basically five parts of the...

Access to credit and financial services of sections of the societies in low-income developing countries has led to the proliferation of genuine and fraudulent microfinance institutions in recent times and this has been the subject of intense interest by researchers. This study explores the...

In 2009, Foreign Direct Investment (FDI) flows to developed countries experienced the largest decline among all regions and sub-regions. However, South, East and Southeast Asia showed the smallest decline among developing economies and remained the largest recipient of FDI inflows. Meanwhile,...

Corruption has become endemic in many African countries and is difficult to eradicate completely; therefore, reducing corruption to a tolerable level that will not deter foreign investors must be the aspiration of all political leaders and stakeholders. This study tries to identify the level of...

In this study a theoretical model is developed to show that there is some level of corruption in the host countries that can be tolerated by foreign investors. Foreign firms will enter a foreign market only if it has some compensating advantages over the local firms since these foreign firms are...

Literature shows that power generation capacity in sub-Sahara Africa is lower than that of any other region in the world and capacity growth has also stagnated. Africa currently faces major electricity shortages with a number of power outages which has the tendency of rendering many firms less...

The study empirically analyzes whether the existing firm in the cement industry in Cambodia exhibits entry deterrence behaviour and also whether this threat is credible. Basic game theory and pure strategy Nash equilibrium were deployed in analyzing the behaviour of both firms. The framework in...

Economic growth has traditionally been attributed to the accumulation of human and physical capital and the increased productivity arising from technological innovation. The quest to attract physical capital led to the design and implementation of policies and the building of institutions by...

In Ghana malaria continues to be the major cause of morbidity and mortality, accounting for over 44.5% of all out-patient attendance in 2005 ranging between 54.4% in the Northern region to 36.1% in the Volta region (GHS, 2005). The aim of the new National Malaria Control Programme (NMCP) in...