Microfinance against the Resource Curse? Lessons for Ghana to learn from Botswana

How to Transfer National Resource Wealth into Economic Development with the Help of an Inclusive Financial Sector

Business & Finance, Finance & Investing, Finance
Cover of the book Microfinance against the Resource Curse? Lessons for Ghana to learn from Botswana by Anonymous, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Anonymous ISBN: 9783640962747
Publisher: GRIN Verlag Publication: July 19, 2011
Imprint: GRIN Verlag Language: English
Author: Anonymous
ISBN: 9783640962747
Publisher: GRIN Verlag
Publication: July 19, 2011
Imprint: GRIN Verlag
Language: English

Scientific Study from the year 2011 in the subject Business economics - Investment and Finance, grade: A , IE Business School, Madrid, language: English, abstract: This paper creates a linkage between the two at first sight unrelated concepts of the resource curse phenomenon, and financial inclusion with an emphasis on microfinance. I posit that in certain states of financial inclusion and with specific public policies for the financial sector and microfinance, the resource curse can be averted better in emerging economies. Hence, the focus of this work is not in the widely discussed institutional political realm whose deficient top-down approach often supports the resource curse. In contrast, I advocate an unconventional bottom-up strategy enabling the poor and marginalized parts of society to participate in the financial arena, which can prevent the resource curse phenomenon in countries rich in natural resources. In line with this idea I will present five proposals that foster an environment to absorb windfall revenues from natural resources positively. As a case study, Botswana's successful development despite resource abundance is examined along those theoretical concepts of financial inclusion. For this country, the results strongly suggest that the financial sector is not key for explaining the positive trajectory of the country. Nonetheless, we can draw several conclusions from Botswana's experience that serve as recommendations for Ghana. The West-African nation started exploiting petroleum this year, and is currently facing the challenge of averting the resource curse. I conclude that financial inclusion together with microfinance can aid Ghana in its future development and suggest specific policies that shall support the resource curse prevention in the country.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Scientific Study from the year 2011 in the subject Business economics - Investment and Finance, grade: A , IE Business School, Madrid, language: English, abstract: This paper creates a linkage between the two at first sight unrelated concepts of the resource curse phenomenon, and financial inclusion with an emphasis on microfinance. I posit that in certain states of financial inclusion and with specific public policies for the financial sector and microfinance, the resource curse can be averted better in emerging economies. Hence, the focus of this work is not in the widely discussed institutional political realm whose deficient top-down approach often supports the resource curse. In contrast, I advocate an unconventional bottom-up strategy enabling the poor and marginalized parts of society to participate in the financial arena, which can prevent the resource curse phenomenon in countries rich in natural resources. In line with this idea I will present five proposals that foster an environment to absorb windfall revenues from natural resources positively. As a case study, Botswana's successful development despite resource abundance is examined along those theoretical concepts of financial inclusion. For this country, the results strongly suggest that the financial sector is not key for explaining the positive trajectory of the country. Nonetheless, we can draw several conclusions from Botswana's experience that serve as recommendations for Ghana. The West-African nation started exploiting petroleum this year, and is currently facing the challenge of averting the resource curse. I conclude that financial inclusion together with microfinance can aid Ghana in its future development and suggest specific policies that shall support the resource curse prevention in the country.

More books from GRIN Verlag

Cover of the book Menschenrechte zwischen Idee und Wirklichkeit by Anonymous
Cover of the book Selbstdarstellung im Web 2.0 und ihre möglichen Konsequenzen by Anonymous
Cover of the book Jerusalem: Hauptereignisse in der Geschichte der heiligen Stadt by Anonymous
Cover of the book Feministische Essays: Drei Fragen an Simone de Beauvoir und Judith Butler by Anonymous
Cover of the book Öffentliche Unternehmen aus ökonomischer Sicht by Anonymous
Cover of the book Capital Asset Prices: A Theory of Market Equilibrium under the Conditions of Risk by Anonymous
Cover of the book Neue Schlichtungsstellen und alternative Gestaltung von Gerichtsverfahren. Außergerichtliche Schlichtungsverfahren in Deutschland, Niederlanden und USA by Anonymous
Cover of the book Pflege von Patienten mit peripherer Venenverweilkanüle by Anonymous
Cover of the book Wirtschaftlichkeitsanalysen von Informations- und Kommunikationssystemen - Grenzen und Möglichkeiten alternativer Verfahren by Anonymous
Cover of the book Einführung in den Kal?m. Definition und geschichtliche sowie theologische Hintergründe by Anonymous
Cover of the book Hauptströmungen der Psychologie: Behaviorismus, Kognitivismus und Psychoanalyse by Anonymous
Cover of the book Der Begriff der Kanzlerdemokratie by Anonymous
Cover of the book Disziplinierung in Landsknechtsregimentern vor dem Hintergrund der Heeresgesetze by Anonymous
Cover of the book Meaning and Intension of Slang Terms in American Rap Music by Anonymous
Cover of the book Ethik und Politik in der Philosophie Aristoteles - Eine Betrachtung der ´Nikomachischen Ethik´ und der ´Politeia´ by Anonymous
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy