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Umoru David (Edo University, Nigeria), Onimawo Janet Achikare (Ambrose Alli University, Nigeria)
National Policy and Big-Push Theory of Development in Nigeria: Moving Away from Low-Level Economic Equilibrium
Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska, 2018, z. 116, s. 177-187, wykr., bibliogr. 12 poz.
Polityka, Równowaga gospodarcza, Rozwój gospodarczy, Pomoc zagraniczna, Ubóstwo
Politics, Economic equilibrium, Economic development, Foreign aid, Poverty
summ., streszcz.
The paper analyzes the policy implications of the big-push model for development in Nigeria. The highlights of the analysis include existence of three inter-related perceptions namely, poverty trap, big push (BP) and takeoff. The basic idea is that poor countries are in poverty, hence needs BP linking amplified investment, leading to takeoff in national income and development. This indeed rationalizes necessity for overseas aid. In effect, minimum infrastructure and educational resources be apportioned to development programme to achieve success. However, nations that have implemented coordinated investment programs can achieve industrialization of each sector and thus be able push forward sequence of development.(original abstract)
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