A REVIEW OF PROF. KANU‟S “IGWEBUIKECONOMICS: TOWARDS AN INCLUSIVE ECONOMY FOR AFRICAN ECONOMIC DEVELOPMENT”

Résumé

The paper is a succinct discourse on how economic prosperity can be achieved for poor countries, nay African countries. It insists that building vibrant economic institutions is the way to go in order to achieve this. The reason for this insistence is based on the arguments of Doran Acemoglu and James Robinson in their work Why Nations Fail. The paper finds the analysis of the economic situation of Nagoles as contained in Acemoglu and Robinson‘s work very instructive. The basic submission of the authors of Why Nations Fail is that Nagoles Arizona is well off than Nagoles Sorona because Nagoles Arizona is in the United States of America and feeds off its vibrant economic institutions in a positive way.