From Reversal of Fortune to Economic Resurgence av Banji Oyelaran-Oyeyinka, Oyebanke Abejirin

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<p>This book examines Nigeria, Africa¿s largest economy and most populous country, and Asia in comparative development and sectoral perspectives. We traced the divergent growth in wealth between the two regions. It takes a novel approach of matching key growth sectors across five selected Asian countries and Nigeria in a cross-regional context. We found that state and institutional capabilities underlying the generation and diffusion of industrial and technological knowledge in Asia distinguished it from Africa. We employ quantitative and qualitative methods, including case studies and statistical/econometric methods, to analyze factors that separate the sample countries that made rapid economic progress in ¿catching up¿ and those that tend to be stagnating and ¿falling behind.¿<br/>Progress made by Asian countries over the last five decades was due in large part to their pursuit of industrialization, technological acquisition underpinned by leadership, go