Debates on trade protectionism and de-globalization have been on since the global economic meltdown in 2007. At a time when China, who operated a relatively closed economy for decades, is tending towards being pro-globalization the United States that has previously been a major proponent of free trade is tending towards implementing “fair” trade policies which…
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The world is changing at a rate faster than our ability to respond to the changes, resulting in the widening of inequality gaps and the gradual erosion of the middle class. Infrastructure facilities are the building blocks of a society upon which financial and human capital development can thrive. The role of infrastructure in ensuring…
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If you belong to the same school of thought as myself that believes opportunity costs cannot be negative (literally opportunity cost means forgone benefits) then you will agree with the fact that Nigeria’s potential social and economic development is the cost of her current reality. The concept of opportunity cost highlights the fact that for…
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Global economies involve the participation of government as regulators to ensure no fraction of the population is marginalized due to the actions or inactions of certain classes in society as well as ensuring the security of all. This ideology is the foundation for all of the government’s activities which include but are not limited to…
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