IGWEBUIKECONOMICS: TOWARDS AN INCUSIVE ECONOMY FOR ECONOMIC DEVELOPMENT

Abstract

The economic institution of a nation determines its attitude, culture, poverty or wealth. There is, therefore, the need for every society, especially for African countries, who are among the poorest in the world to revisit their economic policies and adopt economic institutions that would enhance the growth and welfare of its people. Nations that are poorest in the world always have something in common, and that is, weak economic institutions; in the same way, nations that are economically prosperous always have something in common: vibrant economic institutions. With the growing interest and focus on regional characterization in global discourses, this work strongly believes that the time has come for African nations, who always occupy the bottom of the ladder of the ranking of poor nations to develop economic institutions based on indigenous and wholistic categories that would boost economic growth. The present work on schedule is a contribution to the ongoing discourse on how to improve the economic development of Africa. Igwebuike philosophy has been adopted for the development of a wholistic indigenous economic theory for Africa’s economic prosperity. For the purpose of this work, the hermeneutic and Indigenous wholistic method of inquiry has been adopted.