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:
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