Claim Missing Document
Check
Articles

Found 2 Documents
Search
Journal : IJEBD (International Journal Of Entrepreneurship And Business Development)

The Role of International Trade on Economic Growth in Somalia Abdi, Abdifatah Mohamed; Qutieshat, Abubaker
IJEBD (International Journal of Entrepreneurship and Business Development) Vol 7 No 3 (2024): May 2024
Publisher : LPPM of NAROTAMA UNIVERSITY

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29138/ijebd.v7i3.2554

Abstract

Purpose: This paper investigated the role of international trade on economic growth in Somalia, the main objective of the paper is to find out the role of export and import on economic growth in Somalia and to determine the relationship between international trade and economic growth in Somalia. Design/methodology/approach: Somalia’s major exports are livestock, bananas, skins, fish, charcoal, and scrap metal, the major export partners included the United Arab Emirates, Yemen, and Oman. The studies in 2020 indicated that Somalia was the number 173 economy in the world in terms of total exports and number 140 in total imports. Findings: In 2021, Somalia exported a total of 482million USD, making it the number 168 exporter in the world, during the last five reported years, the exports of Somalia have changed by 149millionm USD from 631million USD in 2016 to 482million USD in 2021. Furthermore, the economy is described as a very open economy according to the ratio of imports plus exports to GDP which is 91.5 percent, the 7th highest in Sub-Saharan Africa and 45th highest in the world. Practical implications: The major export of Somalia is livestock which is accompanied by its products i.e. hides and skins though the country deliberately depends on imports of food and non-food items. On the contrary, imports start from neighboring countries including Gulf countries, in South East Asia, and Somalia’s exports for 2021 were $1.53B, a %30.05 increase from 2020, Contribution of livestock to the national economy is estimated at %60-65. Paper type: Literature review
A Systematic Review of Challenges Experienced by Cross Border Investments in Developing Countries. A Case of Multinational Companies Expanding into the African Region E Katoma, Tatenda; Qutieshat, Abubaker
IJEBD (International Journal of Entrepreneurship and Business Development) Vol 7 No 3 (2024): May 2024
Publisher : LPPM of NAROTAMA UNIVERSITY

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29138/ijebd.v7i3.2555

Abstract

Purpose: This paper provides a systematic review of challenges faced by multinational companies in developing countries, in particular the African region. Design/methodology/approach: This paper review relevant literature aimed at addressing the research question: “What are the challenges faced by cross border investments as they expand into Africa? The paper discusses the findings and proposes various recommendations to the challenges with the aim of improving the investment environment in developing countries to boost economic activity. Findings: Major challenges identified to be impacting cross border investments in developing countries are Political environment, regulatory environment, diversity and multicultural challenges, Leadership, Governance and Economic environment. For the purposes of literature review, the term cross border investments may be interchanged with Multinational Companies. The paper concludes by highlighting areas for future research. Paper type: Review Paper