Building the national cake: a policy guide to driving economic growth
Policies for economic growth. Source: Stears Business

What makes a good economist or policymaker?

According to Dani Rodrik, the famous international economist and author, it is only with the correct understanding of economic models and the right application, that economics can be used to improve the world.

You can spend years learning different models and theories in economics, but knowing when and how to use these concepts is what takes you from student to master. This is particularly true when you move from textbooks into the real world.

Economics gives you a range of tools to solve many of life's problems. Sometimes there are too many options to choose from.

Unfortunately, for some countries (like Nigeria), their leaders make the wrong choices. Take a recent example. Under the guise of "protectionist policies", Africa's largest economy closed its land borders for over a year. Despite this being a well documented economic strategy, it was not the right application.

Continue reading this story

Not ready to subscribe? Register to read a selection of free stories

Tokunbo Afikuyomi, Jr.

Tokunbo Afikuyomi, Jr.

Read Latest

The CBN is hurting the naira, here’s what they should do instead

PREMIUM - 22 OCT 2021

Five years on, net metering remains impossible for Nigeria's solar user

PREMIUM - 21 OCT 2021

Ditch the growth mindset, Nigeria is becoming more unfair

PREMIUM - 18 OCT 2021

Is the Nigerian budget a right fit for the economy?

PREMIUM - 15 OCT 2021