Journal of Modern Economy

  • Assessment of Good governance in Decentralized city Administration: Case of Mekelle Municipality

    This study was conducted to assess good governance practice by taking the variables responsiveness and transparency among the other good governance manifestations. For this rationale, the land administration and urban planning and development offices were purposively selected. Provision of effective, efficient and quality service to the constituents is manifestation of improving good governance practice. So, there is a need to ensure good governance practice in the realm of service provision in the offices of land administration and urban planning and development. The general objective of the study is to assess the practice of good governance in Mekelle city administration. Accordingly, transparency and responsiveness which are the main indicators of good governance had used to assess the governance situation in the public institutions’ of land administration and urban planning and development offices. The study used 153 purposely selected sample respondents from the selected sub cities that are Ayder and Hawelti sub cities and both qualitative and quantitative data analysis techniques were used accordingly. In order to gather the necessary data from the sample respondents, Questionnaire and interview were used data collection tools. In this regard descriptive statistics was employed to analyze the data obtained via questionnaire. The findings of the study show that there is lack of accessibility of information, limited Capacity (competence) of the offices and human power, discrimination, corruption and rent seeking behavior from the bureaucrats, delay of decisions, material and human resource, low level of skill and knowledge, lack of openness and low satisfaction from the constituents’, dishonesty, low level of motivation and commitment irresponsiveness are considered the main hindrances’ of good governance in the city administration in general and the selected public institutions in particular. So, transparency and responsiveness had compromised in the land administration and urban planning and development offices which are the most indicators of…

  • Impact of Monetary Policy on Growth and Poverty: Drastic Consequences of Government Intervention

    It is unfortunate that growing poverty and widening rich-poor gaps at the initial stage of globalization created several questions about the future of liberalization regime. The present world has been divided into two parts. The upcoming distribution is not geographical. Every region is silently being divided into masters and slavers. This study is mainly concerned with the role of monetary policy in determining the level of poverty in a country. It was concluded in this study that monetary expansion– either to finance the budget deficit or credit to private sector – will always lead the inflation. The increase in the supply of goods and services will be required to defuse the demand pull inflationary pressure. Consequently credit easing policies to boost the investment activities will be required. It indicates the complexities in intervention policies. One intervention requires further intervention to set off the side effects and tuning of the outcomes of policy measures. It was concluded in this study that a parallel qualitative easing is always required with the quantitative easing for tuning the rate of GDP growth, investment, inflation, unemployment and level of poverty.

  • Current Status and Future Prospects of China’s Peer-to-Peer Lending Regulation

    China’s peer-to-peer lending industry is now at a critical moment that the Draft Measures on P2P lending regulation has just been put forward, determining the industry’s future direction of development. This research is going to analyze the current status of China’s P2P lending market and its regulation first. Then comparing China with the US and the UK in terms of P2P lending business models and regulation. Finally combining China’s own features and the US & UK’s experiences to find out the problems with China’s P2P lending regulation and provide corresponding recommendations to solve the problems.