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Trade is crucial for economic growth, with exports providing earnings to finance imports. Trade also promotes investments and knowledge transfer. Trading countries exploit their comparative advantages to promote self-sufficiency, which is obviously better than dependence on foreign aid, whether...
Persistent link: https://www.econbiz.de/10009222762
The abolition of the Nigerian government-instituted commodity marketing boards (CMBs) in 1986 is considered a positive step in view of the boards' method of market intervention, which is criticised as having brought disincentives to producers of agricultural exports. This study argues that,...
Persistent link: https://www.econbiz.de/10009222815
The leadership in many African countries, with their ethnic diversities, is characterised by ethnic bias and favouritism, and citizens are thus treated unequally in many respects, particularly when it comes to national resource allocation and political representation. This breeds resentment and...
Persistent link: https://www.econbiz.de/10009222847