The Moderating Influence of Macroeconomic Policies for the Attainment of Economic Diversifications at Juba County in Central Equatoria State, South Sudan

Abstract

Economic diversification was crucial for fostering sustainable development, particularly in developing regions. Macroeconomic policies – specifically monetary and fiscal policies, played a crucial role in augmenting this diversification process. This study titled Moderating Influence of Macroeconomic Policies for the Attainment of Economic Diversifications at Juba County in Central Equatoria State, South Sudan, seeks to examine the influence of monetary and fiscal policies on economic diversification.

The study covered the introduction and analytical review of the previous literature related to the study and systemically related to the objective, which explained some of the theoretical contributions from various researchers on moderating the influence of macroeconomic policies for the attainment of economic diversification at Juba County.

The methodology used in the research study included the research design, the studied area, the targeted population, respondent demographic information, sampling technique, data collection methods, data collection instruments, and ethical considerations. A survey was administered to gather data from a sample of 100 respondents.

The findings of the study contributed to the understanding of how macroeconomic policies influence diverse economic activities. The study was conducted at Juba County, situated in the Central Equatoria State of South Sudan, which showed that monetary and fiscal policies significantly impact economic diversification. The study concludes that holistic, context-aware macroeconomic policies, nested in a favorable business environment, robust institutional and legal framework, and stable political canvas influence and reshape the prospects for economic diversification.

Challenges encountered include inconsistency in the implementation of macroeconomic policies, which has often limited their potential impact on diversification; an unstable political environment often disrupts the flow of policies, affecting their effectiveness. High levels of corruption have also limited the impact of good policies, and the Lack of adequate resources to back policy decisions was another significant roadblock.

The suggested ways to enhance financial literacy and entrepreneurial skills among the local population that augment economic diversification are increased government spending on infrastructural development to spur economic activities and diversify the economy, and policies that aim to improve the ease of doing business can attract more investors, thereby promoting economic diversification.