Global Journal for Aspiring Economists

Human Resources Management in Sub-Saharan African Banking Industry

2022-09-14T22:16:49+00:00

Abundant information in the literature suggests that the constant and effective

implementation of formulated human resource management (HRM) policies and strategies affects how employees’ appreciate the alignment of their personal goals and fit with the organization, and the extent to which the organization regard or respects the agreed terms of employment whether expressly stated or implied. (Mayer et al., 1995; Ross and La Croix, 1996; Dietz and Den Hartog, 2006; Searle et al., 2011b; Whitener, 2001). This objective of this paper is to appraise the training/ development strategies, recruitment strategies, performance appraisal and rewards strategies of Access Bank Plc. The game plan is to access the impact of these strategies on productivity (among other objectives), and to see if there are alternative approach to any of these. The role ofinternal and external factors (globalization, political-economic and organizational structure dimension) on the above mentioned strategies will also be appraised. Conclusions and recommendations on alternative approaches, solutions or strategies to follow (if any) will be thoroughly discussed and a clearer image of the “cause-and-effect” relationship of these strategies (approaches) and increased productivity will be drawn.

Currency Union as a Panacea for Africa

2022-09-13T18:56:55+00:00

Currency union feasibility is the major topic of discourse in most developing economies especially based on the Optimal Currency Area theory. Given this, developing countries have peculiar characteristics that favour the feasibility of forming a currency union that is not accounted for based on the OCA criteria. Quite often currency union has been viewed as a panacea for curing ills in struggling economies when the appropriate institutional setting is laid out. This study aims to investigate the channels to which currency union curb ills and suggests an institutional framework to consolidate the gains from trade. The study further argues the need for a new theory to evaluate currency union feasibility hence suggest an intuition ‘Optimal Cost Phase’ as a measure for currency union feasibility which can apply to both developing and developed countries. The study concludes that there is a need for a new institutional framework to ensure transparency and the realization of the policy on a common currency.

Muting the Dragon's Ringtone

2022-09-14T02:30:46+00:00

The policy of Atma-nirbhar Bharat is aimed at making India a self-sufficient and self-generating economy. This self-reliance sentiment was bolstered by anti-China protests due to the Galwan valley standoff. In this context, many Indian nationalists have vouched for the boycott of “Made in China” products especially electronics since they form 50% of Chinese imports and so moving to Vietnam is appreciated as a viable option. In this context, this paper uses the tools of comparative data analytics and constitute a Vector Error Correction Model (VECM) to analyze the efficacy of substituting Chinese imports with those from Vietnam and make a case for making this substitution possible.

Students weigh in on the North Korean Economy

2022-09-14T23:00:56+00:00

The “GAEE Essay Competition on the North Korean Economy” was hosted in October 2020 by the Global Association of Economics Education (GAEE) in association with the Youth Forum of North Korea Democratization (YFNKD), and with sponsorship from the Ministry of Unification of the Republic of Korea. With the intention of raising awareness on the North Korean economy and the prospect of Korean unification, the contest provides middle-school and high-school students with the opportunity to enhance their understanding of the key aspects of the DPRK’s current state of the economy and the effects of future democratization on the country’s economy and its people.