IDEAS home Printed from https://ideas.repec.org/a/sae/sagope/v5y2015i4p2158244015611714.html
   My bibliography  Save this article

“Why Nations Fail†to Develop

Author

Listed:
  • Victor E. Dike

Abstract

This article focuses on the forces that prevent nations from developing politically, socially, and economically or why some of them have failed to achieve their purpose. It draws profusely from two inspiring books: Why Nations Fail and Leading From the Emerging Future to explore as to whether or not the political leaders of Nigeria can learn any lesson from the seminal work. The books concentrate on practical approaches that empower political leaders to shift their mind-sets to enable them to transform their extant extractive political and economic institutions that hinder national development. Unlike previous studies on leadership and development in Nigeria, which have observed that the system has been rendered unproductive by poor leadership, this article argues that the problem with Nigeria is that the political leaders have failed to shift their engrained mind-sets from “ego-system awareness to eco-system reality†to enable them to build and maintain effective institutions and infrastructure that drive the economy and develop the nations. It also argues that discussion about the leaders’ mind-set and national development deserves a different approach to transform the nation’s ossified institutions into innovative and creative ones. This will encourage the leaders to collectively shift their mental models to design and implement growth policies that will fit into the 21st-century economy and empower them to lead from the emerging future.

Suggested Citation

  • Victor E. Dike, 2015. "“Why Nations Fail†to Develop," SAGE Open, , vol. 5(4), pages 21582440156, October.
  • Handle: RePEc:sae:sagope:v:5:y:2015:i:4:p:2158244015611714
    DOI: 10.1177/2158244015611714
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/2158244015611714
    Download Restriction: no

    File URL: https://libkey.io/10.1177/2158244015611714?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lewis, William W., 2004. "The Power of Productivity," University of Chicago Press Economics Books, University of Chicago Press, number 9780226476766.
    2. Karla Hoff, 2003. "Paths of Institutional Development: A View from Economic History," The World Bank Research Observer, World Bank, vol. 18(2), pages 205-226.
    3. Jos� Antonio Ocampo & Juliana Vallejo, 2012. "Economic Growth, Equity and Human Development in Latin America," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 13(1), pages 107-133, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Victor E. Dike, 2014. "Leadership and the Nigerian Economy," SAGE Open, , vol. 4(1), pages 21582440145, February.
    2. Maximiliano Marzetti & Rok Spruk, 2023. "Long-Term Economic Effects of Populist Legal Reforms: Evidence from Argentina," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 65(1), pages 60-95, March.
    3. Yoshimichi Murakami, 2021. "Trade liberalization and wage inequality: Evidence from Chile," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 30(3), pages 407-438, April.
    4. Paul - Bogdan Zamfir, 2015. "The Stimulation Of Inovation In The Romanian Enterprises On The Coordinates Of Sustainable Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 86-89, June.
    5. Leandro Prados de la Escosura, 2021. "Augmented human development in the age of globalization," Economic History Review, Economic History Society, vol. 74(4), pages 946-975, November.
    6. Jesus Felipe & Norio Usui & Arnelyn Abdon, 2011. "Rethinking The Growth Diagnostics Approach: Questions From The Practitioners," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 2(02), pages 251-276.
    7. Cooper, Richard, 2005. "A Half-Century of Development," Scholarly Articles 3677048, Harvard University Department of Economics.
    8. Antón, Arturo & Leal, Julio, 2013. "Aggregate Effects of a Universal Social Insurance Fiscal Reform," IDB Publications (Working Papers) 4580, Inter-American Development Bank.
    9. Javier Rodríguez Weber, 2018. "Alta desigualdad en América Latina: desde cuándo y por qué," Documentos de trabajo 51, Programa de Historia Económica, FCS, Udelar.
    10. Mario Cimoli & Jose Antonio Ocampo & Gabriel Porcile & Nunzia Saporito, 2020. "Choosing sides in the trilemma: international financial cycles and structural change in developing economies," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 29(7), pages 740-761, October.
    11. Mendez-Guerra, Carlos, 2014. "On the Development Gap between Latin America and East Asia: Welfare, Efficiency, and Misallocation," MPRA Paper 62588, University Library of Munich, Germany.
    12. Jan Lambooy, 2010. "The Evolution of Spatial Patterns over Long Time-Horizons: The Relation with Technology and Economic Development," Chapters, in: Ron Boschma & Ron Martin (ed.), The Handbook of Evolutionary Economic Geography, chapter 22, Edward Elgar Publishing.
    13. Adolfo Meisel-Roca & Juliana Jaramillo-Echeverri & María Teresa Ramírez-Giraldo, 2018. "Más de cien años de avances en el nivel de vida: El caso de Colombia," Cuadernos de Historia Económica 46, Banco de la Republica de Colombia.
    14. Ngotran, Duong & Ngo, Tien, 2013. "Retail Sector and Economic Development," MPRA Paper 61590, University Library of Munich, Germany, revised Aug 2014.
    15. François Bourguignon & Francisco Ferreira & Michael Walton, 2007. "Equity, efficiency and inequality traps: A research agenda," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 5(2), pages 235-256, August.
    16. Carlos Bianchi & Pablo Galaso & Sergio Palomeque, 2020. "Invention and Collaboration Networks in Latin America: Evidence from Patent Data," Documentos de Trabajo (working papers) 20-04, Instituto de Economía - IECON.
    17. repec:een:camaaa:2004-9 is not listed on IDEAS
    18. Nebojša Savić, 2012. "Comparative Analysis Based on New Competitiveness Index," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(1), pages 105-115, March.
    19. José Antonio Ocampo, 2016. "A brief history of the international monetary system since Bretton Woods," WIDER Working Paper Series 097, World Institute for Development Economic Research (UNU-WIDER).
    20. Esteves, Rui & Lennard, Jason & Kenny, Seán, 2021. "The Aftermath of Sovereign Debt Crises: A Narrative Approach," CEPR Discussion Papers 16166, C.E.P.R. Discussion Papers.
    21. Luis Bértola, 2015. "Has Latin America changed tracks? Catching up: now and then. An essay," Documentos de trabajo 40, Programa de Historia Económica, FCS, Udelar.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:sagope:v:5:y:2015:i:4:p:2158244015611714. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.