CHAPTER ONE INTRODUCTION 1.1 Background of Study There has been a massive liberalization of world trade since 1950 following the establishment of General Agreement on Tariffs and Trade (GATT). Ever since, global economy has become much more interconnected especially, in recent decades. World trade has increased faster than world Gross Domestic Product (GDP) over the … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the study There is scarcely any nation that can develop and grow in isolation. From colonial times to the present, nations and regions of the world have continued to collaborate with each other in the areas of trade, investments, science, technology, agriculture, health, education among others. They have … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study In a number of developing countries of the world the financial system is highly regulated. This is because of the pivotal position the financial industry occupies in these economies. An efficient system, it is widely accepted, is a sine qua non for economic growth and … Read more