By most standards, Ezekiel is living the middle-class Nigerian dream. At 41, he works as a senior manager at a Lagos-based media company where he earns a healthy salary. He also runs a successful side business importing and selling American used cars and has enough money to fund his wife and two children on annual holidays in the United States.
Author: CASADE
A long-standing economic theory commonly known as “Economic Convergence” postulates that as world economies develop they would inexorably attain the same level of development through trade based on comparative advantage, technology transfer through direct investment and job out-sourcing.
John Ikerd. Globalization has become a major public issue over the past decade. Most of the recent controversy has centered on the World Trade Organization (WTO). The WTO was established in 1994, replacing the General Agreement on Tariff and Trade (GATT), has authority to oversee international trade, administer free trade agreements, and settle trade disputes among member nations. However with the WTO, authority was greatly expanded to cover trade in services as well as merchandise – including protection of intellectual property rights associated with such things as artistic recordings, computer programs, and patented genetic materials. Also, the WTO has far…
“The world is flat,” Thomas Friedman has famously declared. His claim is that in this modern age of globalization, when capital can cross national borders so easily, when investment funds can be pulled from one country to another instantaneously to respond to new business opportunities, economic development is attainable in the most surprising of places.
[vc_row][vc_column][vc_column_text]Reviewed by: David Black. Richard Joseph and Alexandra Gillies, eds. Smart Aid for African Development. Boulder, Colo.; Lynne Rienner Publishers, 2009. Some five decades after the start of the post-decolonization era—an era marked by the pervasive presence of foreign aid in African political economies—controversy over the effects and effectiveness of the “aid industry” continues to rage. “Aid pessimists” on both the right and the left posit various deleterious consequences of external aid in Africa, including its contributions to corruption, weak institutions, unaccountable leadership, and entrenched inequalities. At the same time, “aid optimists,” or perhaps more accurately “humane internationalists,” assert that…
In the annals of African development tragedies, a singularly isolated thought that any country in the continent would gain and sustain traction in its development trajectory would be both anachronistic and devoid of rational expectations.
A trio of White House strategies have heralded the return of strategic competition between the United States and its adversaries, China and Russia, in sub-Saharan Africa. In the National Security Strategy, National Defense Strategy, and President Trump’s Africa
While Africa’s lack of modern energy and minimum carbon footprint have made it the slightest contributor to the growing global warming crisis, the massive continent
William Brown. This article critiques the predominant opinion that aid undermines the sovereignty of African states. This claim implies not only that a recipient state’s policy autonomy is curtailed by development assistance, but also more fundamentally that the politico-legal independence of the state itself is being challenged. While the former is often the case, the latter is not. Drawing a conceptual and analytical distinction between sovereignty as a right to rule and national control over policy and outcomes, the article develops a more accurate identification of the areas in which aid, as a particular form of external influence, does and…
One would be hard-pressed to notice a difference in Nigeria’s state of affairs since this report was issued four years ago. Tim Cocks and Joe Brocks. In late 2013, Nigeria’s then central bank governor Lamido Sanusi wrote to President Goodluck Jonathan claiming that the state oil company had failed to remit tens of billions of oil revenues it owed the state.