slugSustainable Economic Growth as a Function of Corruption, Oil Dependence, Poverty, and Inequality
Journal Title: International Journal of Academic Research in Management - Year 2014, Vol 3, Issue 3
Abstract
This paper analyzes the future prospects in economic growth in Nigeria in the context of the negative impact of interrelated issues, such as corruption, oil dependence, poverty, and income inequality. Since 2000, the Nigerian economy has experienced strong growth and has been championed by many economists as a potential breakout nation. The authors argue that the idea of a Nigerian economic success story is premature. A heavy dependence on oil puts the economy in a potentially risky position while corruption prevents trickle down of economic growth and thus leads to increased poverty and income inequality. The conclusion summarizes the argument that the continued prevalence of the four issues mentioned above indicate that the current level of growth is unsustainable in the future.
Authors and Affiliations
Antonio E. Morales-Pita and Daniel Flynn
Keywords
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