M.Com. (Economics) / Please refer to full text to view abstract

M.Comm. / Since the late 1980's / early 1990's Southern Africa has undergone radical political change. Political democratisation and liberalisation impacted on the economies of individual states as well as on economic relations between states in the region. The democratisation process in South Africa in particular, changed the economic power configurations of the region. South Africa opted to become a member of the SADC in 1994 after its first "representative" elections. The country was initially confronted by unrealistic expectations among the other members in the region regarding the contribution that they expected to emanate from this move. South Africa on the other hand was confronted with the realities of its own reconstruction and development needs. The question that had to be answered however, is how economic integration could contribute to the growth and development of the Southern African region. Of particular interest is the role that external forces could/would have on the integration process. This is the central theme of this document.

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Japan has experienced a prolonged stagnation since bursting the asset market bubble early in the 1990's. It is very important to understand the underlying problems in order to find a remedy to escape this stagnation. This thesis aims to theoretically analyse the current Japanese economy, especially from the viewpoint of multiple equilibria. According to this view, the same fundamentals can yield a multiple outcome depending on history or expectations. This thesis argues that Japan's situation can be regarded as a bad equilibrium which has been provoked by wide-spread pessimism and a bubble collapse. Three chapters independently attempt to construct theoretical models describing the current Japanese situation. Chapter 2 demonstrates that demand externalities yield multiple equilibria. In a bad equilibrium, firms dare not participate in trade, which causes aggregate demand and welfare to decrease. A global games approach then illustrates how equilibrium is selected. Chapter 3, with the objective of seeing if Japan's depression was provoked by the misconduct of monetary policy, investigates the relation between indeterminacy and a monetary policy rule using a sticky price and firm-specific investment model. The standard Taylor principle is shown to be almost sufficient to eliminate indeterminacy, which suggests that the Bank of Japan did not exacerbate the economy while interest rate rules functioned, that is, until 1999. Chapter 4 focuses on a zero nominal interest rate bound, which has been observed since 1999. The ineffectiveness of the monetary policy yields a bad short-run outcome where real economic activity and asset prices become lower. There are long-run multiple equilibria in this story, and that is our explanation for the problem. Within this model, however, our .analysis does not justify a claim that a zero bound for the interest rate causes a long-run equilibrium to be a bad one.

This paper examines the economic impact of the African Development Bank on the African continent and compares its resources and those of its counterparts, the Inter-American Development Bank and the Asian Development Bank. The first chapter of the paper discusses the evolution of regional development banks and presents the statements of the problem and the hypothesis of the study. The second chapter analyses the history of the African Development Bank Group, and the .third discusses its lending operations to 1979. The fourth chapter compares the lending activities and resources of the three regional development banks (African, Inter-American, and Asian), and the final chapter presents the paper's conclusions and recommendations.

Agriculture is usually the largest economic sector in developing countries. Typically, most of the countries' population is employed in this sector. The economic growth is dependent upon productivity in agricultural production and its export potential. Increased production and exports from this sector result in foreign exchange earning by which to promote development of the other sectors. Given the importance of agricultural development, this thesis attempts to study the impact of the agricultural sector on Thai economy and to examine some problems concerned with cultivation, production and marketing. The study also concentrates on the development of social overhead capital (i.e., transportation and irrigation systems), which play an important role in stimulating the growth of Thai agriculture. Finally, there are some conclusions and recommendations which may be useful to the government and its agencies concerned with the development of agriculture.

Title: Economic Conditions for Sport Centre Foundation Objectives: Objectives of this thesis is to set up establishment model of sport facility in border town of České Velenice. To achieve the goal it is necessary to define individual steps and to describe the activities related to foundation of new business entity. The intention is to create a sport offer that is missing in the town. This offer would fill the gap in the market and it would also reflect requirements of current and potential customers. The point is to determinate an entrepreneurial vision. Methods: In this thesis methods of descriptive analysis, observation and inquiry were used. Methods - descriptive analysis and observation - were applied to characteristics of the town of České Velenice with the objective to evaluate preconditions for the new business entity. Crucial tool to find out wishes and needs of residents within considered sport facility was implementation of written questionnaire. SWOT analysis was afterwards used for final assessment of risks and anticipated successes. Results: Based on the characteristics of the town of České Velenice and written inquiry was found that in the town and its surroundings there is no device that offers access to excellent sports facilities. There are enough people interested in sport as...

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Digitized by Kansas State University Libraries

M.Com. (Economics) / Please refer to full text to view abstract