Structural change is a necessary part of economic growth and development. It is the change in the relative importance of the three main sectors of any economy (agriculture, industry and services). As countries grow, they move from having larger shares of resources in the agriculture sector towards the industrial and then the service sector. In … Continue reading Structural Change in Africa
There is an unfortunate commonality in society today and it is that issues relating to mental health of individuals are usually put in the background where overall health is concerned. This is usually because mental health disorders are difficult to detect, diagnose and report. A combination of biological, psychological and environmental factors have been shown … Continue reading How economic recessions can affect the mental health of a population
Most of the research done on the resource rich developing country, Nigeria, places a lot of focus on the country’s apparent extreme dependence on it’s most lucrative natural resource (crude oil) for income. They rightly note that this dependence on crude oil has caused harm to the economy of Nigeria. Since discovering crude oil in … Continue reading Is the over dependence on oil really Nigeria’s biggest socio economic problem?
In the bid for economic growth and development, the present Nigerian government has turned to external debt to finance capital projects that they anticipate will trigger economic growth in all sect… Source: On Nigeria's Debt Financing Strategy for Economic Development in 2016
In the bid for economic growth and development, the present Nigerian government has turned to external debt to finance capital projects that they anticipate will trigger economic growth in all sectors of the economy, increase income and generally improve the standard of living of the populace. However, some financial experts have expressed fears about the … Continue reading On Nigeria’s Debt Financing Strategy for Economic Development in 2016
My name is Olamide and I am passionate about Economics and the ability of the study to generate real change in the world on micro and macro levels. This blog is not to teach economics but to discuss different aspects of the socio-political and economic changes that keep occurring in the world we live in … Continue reading Hello world!