The Political Economy of Poverty, Equity, and Growth: Nigeria and Indonesia

This book compares the economic growth of Nigeria and Indonesia from 1950 to 1985, revealing surprising insights into their divergent paths. The Political Economy of Poverty, Equity, and Growth: Nigeria and Indonesia offers a fresh perspective on development.

In The Political Economy of Poverty, Equity, and Growth: Nigeria and Indonesia, the authors delve into the economic trajectories of Nigeria and Indonesia from 1950 to 1985. This comparative analysis seeks to uncover the underlying factors that contributed to the stark differences in economic success between the two nations. The narrative challenges conventional wisdom, suggesting that the reasons for divergence are not solely rooted in long-standing historical trends, but rather in a series of pivotal decisions and policies that shaped their respective economies during this period.

The book provides a thorough exploration of the socio-political contexts that influenced economic growth in both countries. By examining key variables such as governance, resource management, and international relations, the authors illuminate how these elements interacted to create distinct economic environments. As the analysis unfolds, readers are presented with surprising insights that complicate the narrative of economic development in the Global South.

As the authors shift their focus to the late 1990s, they highlight a reversal of fortunes, where Indonesia faced economic decline while Nigeria began to stabilize. This shift prompts a critical evaluation of the factors contributing to economic resilience and vulnerability, making The Political Economy of Poverty, Equity, and Growth: Nigeria and Indonesia a vital resource for understanding the complexities of economic development in diverse political landscapes.