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In this volume of the African Development Perspectives Yearbook
series, the Research Group on African Development Perspectives
investigates the impact of the Global Financial Crisis (GFC) on
economic reform processes in Africa. The analysis is structured in
such a way so as to reflect the opportunities and dangers of policy
reversals in the face of the GFC. The impact of the crisis on
different types and forms of governance in the region is
considered. The first question is therefore which macro-economic
policy instruments have to be applied in order to overcome the
crisis and to continue with sustainable development. The second
question is how the GFC has affected Africa's external economic
relations and if the path of opening up to the world markets is to
be continued. The third question raised is how the crisis has
affected social cohesion, impacted poverty alleviation strategies
and the achievement of Millennium Development Goals (MDGs). All
these questions are discussed in the various contributions which
comprise general studies and country case studies. The book also
looks into the role of international financial institutions during
and after the crisis. (Series: African Development Perspectives
Yearbook - Vol. 15)
This book is An Analysis of Impact of Official Development
Assistance in Nigeria. This book is different from other books on
the impact of foreign aid on the economy of developing countries,
because it approaches the issue of the impact of official
development assistance on Nigerian economic from sectoral lens. The
sectoral analysis of impact of aid in Nigeria is important because
foreign aid may have differentiated impacts at the sector levels.
The book should be a ready companion to development economists and
donors who are interested in aid effectiveness in Africa,
especially, Nigeria. Students of economics at the advance levels
and others who are interested in development in Nigeria will also
find the book an interesting academic piece of materials.
In about forty years of oil production, Nigeria has earned over
$400 billion from oil. With its large reserves of human and natural
resources, Nigeria has the potential to build a prosperous economy,
reduce poverty significantly, and provide the health, education,
and infrastructure services its population needs. However,
available evidence indicates that these resources have not been
equitably used for the welfare of the populace. Hence, associated
with Nigeria development is huge inequalities. These inequalities
have widened, as in many African countries with the economic crisis
of the 80s. The richest are more enriched, while the proportion of
people living below the poverty line has increased with the
disappearance of the middle class who could mediate between the two
extremes. Moreover, the industrial base is not sufficiently
developed to enable the country to have significant tax revenues.
So a shift in the allocation of public spending for the poor to
reduce the welfare gap that separates the rich from the poor
becomes imperative. Hence, for effective policies formulation and
implementation on redistribution there is a need for book like this
on public expenditure in Nigeria.
The book assessed the effect of fertilizer use on rice production
and its efficiency using Edo State in Nigeria, as case study. The
book document a research study that involved the collection and
analysis of useful data from representative rice farmers. The
relevant collected data were analyzed using translog stochastic
frontier model, the logistic regression model and Kwakwani Index of
Progressivity. The findings from this study will be of interest to
policy makers, academics and development economics. Acquisition of
this book is also important for the researchers who are interested
in carrying out their research in developing country such as
Nigeria.
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