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Essay / Research Paper Abstract
This 6 page paper looks at the sustainability banking in sub-Sahara Africa. The paper considers the way in which banks may be able to support and promote sustainable development in poor areas as well as the barriers which are present. The bibliography cites 10 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEsustbank.doc
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Unformatted sample text from the term paper:
should be sustainable development. A difficulty faced by the economies is the stimulation and support provided for that development. There are some significant dangers in the way economic growth is
managed; the presence of comparative advantages and the greater economic power of potential foreign direct can result in weaknesses in development policies which may include a over reliance on FDI.
Additionally, potential investments which are not sustainable may not result in a full trickle down effect. In order to support developments that benefit the local economy it is advisable for
there to be local development. There is a very persuasive argument that local or national business, as opposed to multi-national corporations, will have a greater interest in ensuring that business
is good for the local community and local environment (Fortanier and Van Wijk, 2010). While political polices may aid with suitable development it may be argued that one of the
key aspects to support development is the role of the banks in providing finance. A major barrier for development is often financing, placing banks in a unique position to help
support sustainable economic development in Africa (de Cleen and Wood, 2004). When considering the role of banks in this the first consideration needs to be a determination of what
is meant by sustainability. There is no singular universal definition of sustainable development; one of the most accepted is the definition of the Brundtland Report "Sustainable development is the development
that meets the needs of the present without compromising the needs of the future". (WCED, 1987). De Cleen and Wood (2004) give a defntion more targeted to the developing world
where it is stated that it is "about ensuring long term business success, while contributing towards economic and social development, a healthy environment and a stable society". This latter
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