Phronesis and Resource Curse Hypothesis in Post-Independent Sierra Leone

Ilorin Journal of Economic Policy, Vol. 3: 1- 11, 2016

10 Pages Posted: 2 Feb 2017

See all articles by Emerson Abraham Jackson

Emerson Abraham Jackson

University of Birmingham; Bank of Sierra Leone; World Economics Association

Date Written: December 29, 2016

Abstract

This study was undertaken with a view of presenting a balanced critical discourse on the concept of Phronesis as applied in the political economy of Sierra Leone. The country is renowned for being endowed with the abundance of non(renewable) natural resources, while at the same time for poor management of resources which has given rise to its classification under the brand name of ‘resource curse or Dutch disease’. Based on critical phenomenological discourses of scholarly literature and the analytical hermeneutics of secondary data collected, evidence to some extent have pointed to the fact that both colonial and post-independence governance contributed immensely to the resource curse syndrome in Sierra Leone; a situation where poor management of natural resources has been a disaster, rather than a blessing in the country's sustained pathway of development. The paper thus conclude that Sierra Leone, is capable of recovering from the alleged symptom of ‘resource curse/Dutch disease’, but only in a situation where the rule of law is effectively applied with perpetrators of unethical acts leading to the exploitation of natural (non) renewable resources are (severely) punished to deter future cases of unethical practices.

Suggested Citation

Jackson, Emerson Abraham, Phronesis and Resource Curse Hypothesis in Post-Independent Sierra Leone (December 29, 2016). Ilorin Journal of Economic Policy, Vol. 3: 1- 11, 2016, Available at SSRN: https://ssrn.com/abstract=2908042

Emerson Abraham Jackson (Contact Author)

University of Birmingham ( email )

West Midlands
United Kingdom
+44 7862 703701 (Phone)

HOME PAGE: http://https://scholar.google.co.uk/citations?user=HTEIbpwAAAAJ&hl=en&oi=ao

Bank of Sierra Leone ( email )

Siaka Stevens Street
Freetown, Western Area Po Box 32
Sierra Leone

HOME PAGE: http://www.bsl.gov.sl

World Economics Association ( email )

12 Maurice Road
St. Andrews
Bristol, BS6 582
United Kingdom

HOME PAGE: http://et.worldeconomicsassociation.org/

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