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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | Identifying Potential Factors That Can Contribute To Malawi’s Sustainable Socio-Economic Growth |
| Authors Name: | Catherine Khumalo , Dr.N.Prakash |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_182446
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| Published Paper Id: | IJNRD2210095 |
| Published In: | Volume 7 Issue 10, October-2022 |
| DOI: | |
| Abstract: | According to the World Bank, 2019, The country has an estimated population of 18.6 million, which is expected to double by 2038. Malawi remains one of the poorest countries in the world despite making significant economic and structural reforms to sustain economic growth. The economy is heavily dependent on agriculture, employing nearly 80% of the population, and it is vulnerable to external shocks, particularly climatic shocks. The research aims to evaluate factors that affects Malawi’s socio-economic growth, to assess the potential factors that can enhance Malawi’s sustainable socio economic growth, to bring the awareness of socio-economic development to the nation, and to recommend on how Malawi can develop socio-economically. The research employs the descriptive research design and a quantitative research approach. The questionnaire is the research instrument adopted in this research for data collection. To give every member of a population a known and equal chance of being selected, Probability sampling was adopted, under which the simple random sampling technic was employed in choosing the samples randomly from a group of people. The research targets the rural communities of Malawi with a sample size of 145. The research was analyzed using the statistical package for social sciences (SPSS). The research discovered that Malawi’s economy is affected by limited diversification that is contributed by lack of adequate technology and low literacy levels. Financial markets sensitization and investments is another potential but essential factor for Malawi’s sustainable socio-economic growth. Therefore, Societies should adopt emerging trends in technology to strive in the emerging world, financial market sensitization should be made a priority by the issuing companies, government should introduce knowledge rich programs to bring in new ideas and broaden way of thinking, and government, to enhance development should promote innovative activities. |
| Keywords: | sustainable Socio--Economy. |
| Cite Article: | "Identifying Potential Factors That Can Contribute To Malawi’s Sustainable Socio-Economic Growth", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.7, Issue 10, page no.786-792, October-2022, Available :http://www.ijnrd.org/papers/IJNRD2210095.pdf |
| Downloads: | 000118759 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID:IJNRD2210095 Registration ID: 182446 Published In: Volume 7 Issue 10, October-2022 DOI (Digital Object Identifier): Page No: 786-792 Country: Lilongwe, Lilongwe, Malawi Research Area: Commerce Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2210095 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2210095 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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