Oluyomi Ola-David Insights

Developing countries, usually considered ‘latecomers’ in development, can create learning opportunities for themselves through channels of knowledge diffusion and technology transfer such as international trade and foreign direct investment.  For instance, ownership-specific advantages of multinational corporations, which make up the majority of large corporations in developing countries, could spill over to the domestic environment through consciously built learning relationships (in forms of forward and backward linkages). Mauritius is an African success story of structural transformation resulting from export-oriented FDI stimulated through the creation of special economic zones. Now that foreign investment promotion has become central to the industrial policies of most African economies, it is important to evaluate how much of the positive trends in FDI inflows are associated with local learning and improvements in local ways of doing things. Put differently, is FDI to

As I reminisce on the history of Independence in various African states, the glamour and the euphoria of liberty, with particular interest in the experience of Nigeria – the land of my birth. I am reminded of the celebration that ensued upon the expulsion of Mr. Jones and his men from the Manor Farm in George Orwell’s Classic, 'Animal Farm ’. In a speech motivating the animals to fight for their freedom, Old Major painted on the minds of his fellow ‘comrades’ a picture of a new world, which they could only access and possess after their gaining Independence from the oppressive rule of Mr. Jones and his likes. Oh how they relished the allure of freedom! Freedom from misery and slavery, which comes with an opportunity to own all they would ever produce without fear of external subjugation. Almost overnight every animal would become rich and free! Little did they know, except for the ‘cleverer’ of the animals, that following the eviction of an imposed master and a d