The Political Economy of Development in Weak States: An Institutional Analysis of the Nigerian State
37 Pages Posted: 15 Jul 2011
Date Written: July 15, 2011
Abstract
This study examines the role of the state in financial development and economic growth by critically reviewing institutional characteristics that depict the state as a weak state according to existing literature. In order to examine the characters which signpost the Nigerian state as a weak state, a historical case review was conducted into key socio-political characters of the Nigerian state following which primary data was generated by questionnaire and group interview as a means of validating the findings from the historical review. Three major characters represented by ethnicity in which prebendalism was strongly inherent, social unrest culminating in a three year long civil war and persistence of autocratic military governance and civilian democracies tutored by military dictators were revealed as inherent characters of the state. This insider analysis provides a country specific platform for development interventions.
The study therefore contributes to aspects of development literature that argue for country specific institutional analysis for poverty reduction and sustained economic growth interventions by multilateral organizations such as the World Bank and IMF.
Keywords: Weak State, Ethnicity, Prebendalism, Military Governance, Civil War, Financial Development and Economic Growth
JEL Classification: E11, H11
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Financial Dependence and Growth
By Raghuram G. Rajan and Luigi Zingales
-
Stock Markets, Banks, and Growth: Panel Evidence
By Thorsten Beck and Ross Levine
-
Stock Markets, Banks, and Growth: Panel Evidence
By Thorsten Beck and Ross Levine
-
Stock Markets, Banks, and Economic Growth
By Ross Levine and Sara Zervos
-
Financial Development and Economic Growth: Views and Agenda
By Ross Levine
-
Stock Markets, Banks, and Growth: Correlation or Causality
By Thorsten Beck and Ross Levine
-
By Thorsten Beck, Asli Demirgüç-kunt, ...
-
Finance, Firm Size, and Growth
By Thorsten Beck, Asli Demirgüç-kunt, ...
-
Finance, Firm Size, and Growth
By Thorsten Beck, Asli Demirgüç-kunt, ...
-
Financial Intermediation and Growth: Causality and Causes
By Ross Levine, Norman Loayza, ...