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The left, economic crisis and alternative development paradigms

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  • Dr. Dele Seteolu

Abstract

Purpose: The purpose of this study was to examine the left economic crisis and alternative development paradigms. Methodology: The study used desktop research methodology. Results: In appraising options in the globalized economy, the Nigerian state should re think market policy and the nature of mix between the state and market. The state and market should co-exist and compete amid a superintendent role for statist structures. In other words, the state should supervise the market with a view to protecting the interest of the weak and vulnerable social groups. It should play a leading role in development, identify, and pursue relevant development agenda required to exit Africa’s structural distortions and underdevelopment. Conclusion: The Nigeria’s political economy demands that development should be predicated on human progress, qualitative development, and the capacity to conquer and adapt to the physical milieu.

Suggested Citation

  • Dr. Dele Seteolu, 2017. "The left, economic crisis and alternative development paradigms," International Journal of Economics, IPRJB, vol. 2(3), pages 1-13.
    • Handle: RePEc:bdu:ijecon:v:2:y:2017:i:3:p:1-13:id:233
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    File URL: https://iprjb.org/journals/index.php/IJECON/article/view/233/300
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