A REVIEW OF IGWEBUIKECONOMICS: TOWARDS AN INCLUSIVE ECONOMY FOR AFRICAN ECONOMIC DEVELOPMENT
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. The vibrant economic institutions of Mexico lacks and this is undoing of Nagoles Sorona which is within the borders of Mexico. The paper further justifies the prioritization of economics in the work by stating that “economic need is man’s fundamental need and it is this fundamental need that structures and explains social life” (Kanu, 2017: 114). The paper makes further makes recourse to the Christian scripture to explain that, “…after the creation of man, the next thing God did was to provide the economic need of the human person by planting the Garden of Eden, providing water to keep it alive and asking man to till it and eat from its fruit” (Kanu, 2017: 114).
Keywords: african, development, economic, economy, igwebuikeconomics, inclusive, review