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Free Change Management Essays and Papers
Change Management - Research Paper
Recent growth accelerations in Africa are characterized by increasing productivity in agriculture, a declining share of the labor force employed in agriculture and declining productivity in modern sectors such as manufacturing. To shed light on this puzzle, we disaggregate firms in the manufacturing sector by size using two newly created panels of manufacturing firms, one for Tanzania covering and one for Ethiopia covering Our analysis reveals a dichotomy between larger firms that exhibit superior productivity performance but do not expand employment much, and small firms that absorb employment but do not experience any productivity growth. We suggest the poor employment performance of large firms is related to use of capital-intensive techniques associated with global trends in technology. This paper develops a taxonomy of political regimes that distinguishes between three sets of rights - property rights, political rights and civil rights. The truly distinctive nature of liberal democracy is the protection of civil rights equal treatment by the state for all groups in addition to the other two.
Selecting an equity benchmark may mean balancing market coverage and investability. For example, exhaustive coverage may include microcap stocks, with lower liquidity and investment capacity. But excluding them may reduce low-size-premium exposure. Value has historically outperformed in economic recoveries. After 15 years of challenging performance, many have asked if value is still a valid investment strategy.