Nigerian economy is very sensitive to happenings in the global crude oil market due to Nigeria dependence on the black gold. The recession Nigeria found herself in 2016 was mainly caused by the fall in the international price of crude oil. It is the same factor that also help to explain Buhari...

We employ the “social conditions of innovative enterprise” framework to analyze the key determinants of China’s development path from the economic reforms of 1978 to the present. First, we focus on how government investments in human capabilities and physical infrastructure provided...

Most of America’s wealth has not been created yet. But to fulfill the nation's potential, recognizing the limitations of today's dominant politically driven research and development approach compared to what capital markets and economic liberalization can achieve is vital. Most politicians...

Many countries are pursuing innovation-led ‘smart' growth, which requires certain types of long-run strategic investments. This paper argues that such investments require public policies that aim to create markets, rather than just ‘fixing' market failures (or system failures). Such...

Since the emergence of COVID-19 pandemic, there have been growing concerns about the policy measures that states have continued to adopt in pursuit of a resilient recovery and more importantly, the implications of such policies on the future of international trade. This paper explores some of...

The rise of China is no doubt the most important event in world economic history since the Industrial Revolution. The institutional theory of development based on a dichotomy of extractive vs. inclusive political institutions cannot explain China's rise. This article argues that only a radical...

Understanding the primary causes of human prosperity is one of the most important endeavors of social scientists. Much research in the 20th century followed a neo-classical approach which emphasized important factors such as physical capital, human capital, and technological change, but was...

A Wellbeing Economy is an economy that delivers social justice on a healthy planet. The Wellbeing Economy movement is being brought together by the Wellbeing Economy Alliance (WEAll), a ten-year project created to catalyse systems change towards the realisation of a Wellbeing Economy. A crucial...