Inward-looking Development Strategy – A meme for Import-Substitution Industrialization (ISI) Part One
This discussion will take several parts to unfold because the subject is at the heart of how Africans will transform their societies from the current state of impoverishment into one of prosperity. Achieving prosperity is a point that I argued in my new book, “Unleashed a New of Paradigm of African Trade with the World,” [...]
Structural Changes that will Create Prosperity for African countries
In my new book, Unleashed: A New Paradigm of African Trade with the World, I tendered a comprehensive argument for a paradigm shift in the manner in which African countries trade. The discussion addresses the existing paradigm in which African countries produce very little of which the world consumes. It also addresses the need for [...]
Wasted Opportunities: The Case of Nigeria Part 2
In part one; we sketched the start of steel industrialization in both South Korea and Nigeria. We learned that South Korea’s development preceded Nigeria’s by a decade. We learned that the development trajectory of South Korea’s industrialization in steel production travelled at a different level of management intensity than that of Nigeria. It was learned [...]
Wasted Opportunities: The Case of Nigeria Part 1
The primary enabler of evil deeds is for good men and women to do and say nothing. Nigeria is a classic manifestation of the truism of the adage. For more than fifty years, good people in Nigeria, few though they may be, have done and said nothing significant. Lest a confused soul should believe that [...]
Seven Years of Plenty and Seven Years of Drought: Taking advantage of Global Opportunities
There is an ancient narrative about a man whose counsel was sought by a King regarding a predicament that was revealed to the King in a troubling dream. The King required interpretation of the dream. The reading showed that his domain was due to experience an event of seven years of plenty followed by seven [...]
“Developing a Successful Export Trade Strategy”
An Excerpt from Chapter Twelve of Unleashed: A New Paradigm of African Trade with the World Unleashed: A New Paradigm of African Trade with the World takes a look at the success stories of the Asian Tigers: South Korea, Singapore, Taiwan, and Hong Kong. Before they became global trading juggernauts and economic powers, these nations [...]
AntiPatterns – Irrational Exuberance of Phantom Wealth
"African countries should be hard at work developing an indigenous entrepreneurial class that will become the risk-takers, jobs creators and innovators in their society." Ask any African living outside their country of origin if Africa is rich. The answer you will most likely get is yes, Africa has abundant wealth. More about that later but [...]
“AntiPatterns:” An Impediment to the Development of African Countries Part 2
"AntiPatterns are not cultural phenomenon to be cuddled; instead they are cultural death knells to be removed from the socio-economic development process in order for society to fully inhale life-giving oxygenation." AntiPatterns Are the Reason for Poverty in African Countries AntiPatterns are the reason for all the socio-economic difficulties facing African countries. They rob African [...]