Thinking Allowed: “Capital is the lifeblood that flows through the body politic of all those societies we call capitalist, spreading out, sometimes as a trickle and other times as a flood, into every nook and cranny of the inhabited world”, writes David Harvey, the world’s most cited academic geographer. He gives Laurie a radical critique… Read More »
Sorry, don’t have much time to analyse it right now. Let me refer you to A Bombastic Element’s analysis.
Extracts: Collier’s work is not informed by any explicit, overarching theory of development or any historical perspective that might inform one; nor does he offer any social analysis. There is an implicit theory of human behaviour, which is radically reductionist—individual economic self-interest rules. In this view, history appears to be a continuum of ‘14th-century reality:… Read More »
Apparently, nobody knows. Check this out: The Nigeria Extractive Industry Transparency Initiative (NEITI) has described the records of the country’s crude production and export as unclear, saying that after 58 years of oil production, the country does not know exactly the quantity it produces. Speaking at the presentation of a research report on the Nigeria… Read More »
The concluding paragraph of Peter Akinlabi’s Beyond Gadaffi: Nigeria, Federalism and Other Quicksands: We can intellectualize these things all we want, but there are no more startling discoveries to be made as far as the causes of violence in northern Nigeria are concerned. Olakunle Abimbola’s getting a lot of verbal bashing (sentimental fool, people like… Read More »
Reuters: The bank expects economic expansion of 4.6 percent in 2011 and estimates the region grew by between 1.0 and 1.1 percent in 2009, said Andrew Burns, the bank’s manager of global macro economic trends.
Africa is a different place from how it is often portrayed in the popular media. Thanks to sound economic policies in many countries over the past decade or so, Africa has been able to withstand this crisis much better than has been the case in the past. The fact that the crisis hit Africa anyway does not… Read More »
Remember that Ms Dambisa Moyo recommends that African countries raise money through the international bonds market? The Nigerian Debt Management Office is planning to do just that: From Reuters: The head of Nigeria’s debt management office said on Friday he was hopeful of gaining parliamentary approval for its $500 million debut global bond now that… Read More »
While the Nigerian Civil War devastated Igbo business activities across Nigeria, and precipitated a mass return of Igbo migrants to their home area, it also laid the foundation for a consolidation and rapid development of Igbo informal enterprise, which has had integrative rather than divisive social and economic consequences for Nigeria as a whole. Operating… Read More »
Our hunch is that its place [culture in development] has already shifted since we wrote Seeing Culture Everywhere. On the one hand, there is China and David Brooks. On the other, there is a new trend in “development thinking” around the World Bank and elsewhere (like Narayan. Pritchett and Kapoor’s Moving out of Poverty and Jessica… Read More »