THE PRINCIPLES AND METHODOLOGY OF BALANCE OF PAYMENTS
THE PRINCIPLES AND METHODOLOGY OF BALANCE OF PAYMENTS
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Date
1994-03
Authors
JOSEPH, HABILA JATAU
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Abstract
In this study, a systematic and empirical investigation has been carried out to
examine the principles and methodology of balance of payments with particular
emphasis on the consistent deficit balances recorded in most segments of the balance
of payments package since the 1960s.
The summary of the objectives of this study was to determine the role played by
trade factors, government attitude and private interest, both domestic and foreign, in
the continued adverse outcome of balance of payments packages.
We found in the course of our investigations that the entire economic problems
and, indeed, that of balance of payments, are not that adequate policies have not been
put in place to achieve better results but there is complete lack of sincerity to see
these policies work. These policies are merely "photo-tricks" as those who make
these policies themselves violate them.
We corroborated our hypothesis by analyzing in-house data collected from
creditable sources and tried to establish that oil prices greatly influence the outcome
of balance of payments.
Based on our findings we made recommendations that deliberate policies must
be put in place to bring sanity to the society. Also, funds should be provided for
intensive economic activities. Activities in agriculture, the manufacturing sector as
well as petroleum industry should be diversified.
Description
BEING A PROJECT SUBMITTED TO THE POSTGRADUATE
SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL
FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF
MASTER OF BUSINESS ADMINISTRATION (M.B.A.)
JULY, 1994
Keywords
PRINCIPLES,, METHODOLOGY,, BALANCE,, PAYMENTS: