INGENIOUS NIGERIAN ENTREPRENEURS, DODD–FRANK, AND OBAMACARE

Donghyun Park

Chapter 27 in Capitalism in the 21st Century:Why Global Capitalism Is Broken and How It Can Be Fixed, 2019, pp 116-120 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Many foreigners express a deep sense of wonderment and admiration at the ingenuity, resourcefulness, and creativity of entrepreneurs who succeed against all odds in countries that impose prohibitive barriers against private enterprise. A classic example of such a country is Nigeria, one of the world’s top producers and exporters of crude oil. The West African country managed to squander hundreds of billions of its immense oil wealth over several decades through continuous misrule. While Nigeria is hardly alone in suffering from uninterrupted bad governance, the massive scale of incompetence and corruption — wholesale theft is the most accurate description — is mindboggling. Nigeria has to import most of its gasoline despite being a large oil exporter, due to lack of refining capacity. Most damningly, ordinary Nigerians have enjoyed almost no benefit from their country’s huge oil wealth, all of which has been captured by a small clique of top government officials and their cronies…

Keywords: Capitalism; Globalization; Inequality; Entrepreneur; Financial Industry; Government; Socialism; Market (search for similar items in EconPapers)
JEL-codes: A1 F00 F6 N2 P16 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789813274242_0027 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789813274242_0027 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789813274242_0027

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().