To Rebuild Nigeria Start by Establishing Accountability in Society
"The only thing necessary for evil to triumph is for good men to do nothing" - Edmund Burke In Nigeria, the good men and women have done very little for 60 years! However, with the election of a “good man,” Nigerians have signaled that they want their country back. They want to chart a moral [...]
All of the Above Strategy for Development – Compensatory trade should be a major component
In this segment of all the above strategy for development, we are exploring how the concept of trade without money can factor into the development strategies of African countries. In my book, Compensatory Trade Strategy, How to Fund Import-Export Trade when Hard Currency is in Short Supply, there are several illustrations of compensatory trade techniques. [...]
Comparing Liberia, Guinea and Sierra-Leone to Singapore
Statistics can be misleading because people on both sides of the Same issue can skew the message of statistics to argue their case. However, in the comparison of basic economic development matrix of the four countries, Singapore, Guinea, Sierra-Leone and Liberia, no such opportunity exists. What you see is what you get. The statistics indeed [...]
African Countries should Copy Success
Every successful country, business or enterprise is founded on a model of previous success. Western societies are a great example of how to model success because each Western country has borrowed from the success of other Western countries in all areas of socio-economic arrangements. Asians have done the same. In that Asian economies have copied [...]
ISI and Raw Material Dependency: “Twin Killers” of Economic Potential of African Countries (PART 8 of 8)
Continued from Part 7 Organizational Structure for an Export Oriented Culture...continued from Pt.7 As described in suggestions for a cultural center, a mass information dissemination process is necessary to gain support of citizens. It would be expedient for the economic development board (the coordinator of industrialization policy) and the export marketing body to jointly execute [...]
ISI and Raw Material Dependency: “Twin Killers” of Economic Potential of African Countries (PART 7 of 8)
Continued from Part 6 Denouncing the False Prophets continued…continued from pt. 6 Towards the end of 2014, I read a piece in which a very high ranking central banker of an African country reasoned that his country has no other choice for development strategy other than ISI. In his stated view, they (the country and [...]
ISI and Raw Material Dependency: “Twin Killers” of Economic Potential of African Countries (PART 6 of 8)
Continued from Part 5 The Positive Desperation of Being on "Death Ground" In the "Art of War," Sun Tzu, a military genius who lived in 544 to 496 BCE, states that if you put an army on death's ground--a place from where there is no escape or retreat other than fighting their way out--each person [...]
ISI and Raw Material Dependency: “Twin Killers” of Economic Potential of African Countries (PART 5of 8)
Continued from Part 4 Can African Countries and People Compete in the Global Market? Continued…from pt. 4 The economic advisers of these states were not against the countries succeeding. Rather, the problem was that they were not very familiar with the idea of export-oriented industrialization and would have preferred that the countries stuck to the [...]