China has witnessed consistent economic growth and development in the past two decades and half in spite of the significant downturn recorded in the global economic performance during part of the period of this dramat...China has witnessed consistent economic growth and development in the past two decades and half in spite of the significant downturn recorded in the global economic performance during part of the period of this dramatic achievement. Principally, the Chinese economic development is the direct outcome of the economic restructuring embarked in 1978. Of interest is the fact that while the one time economically fragile communist nation has made such a tremendous progress within a period of less than three decades, most of the developing countries in the Sub-Saharan Africa, particularly Nigeria, the sub regional power that engaged in similar economic reforms in 1986 has performed grossly below expectation in spite of its economic potentials. Why this sharp variation in the outcomes of the reforms in the two nations, what＇s the missing link in the Nigerian economic reforms？ This paper basically provides the response to these fundamental questions in its comparative analysis of the two distant economies and draws significant lessons for the less successful SSA economies undergoing economic reforms.展开更多
文摘China has witnessed consistent economic growth and development in the past two decades and half in spite of the significant downturn recorded in the global economic performance during part of the period of this dramatic achievement. Principally, the Chinese economic development is the direct outcome of the economic restructuring embarked in 1978. Of interest is the fact that while the one time economically fragile communist nation has made such a tremendous progress within a period of less than three decades, most of the developing countries in the Sub-Saharan Africa, particularly Nigeria, the sub regional power that engaged in similar economic reforms in 1986 has performed grossly below expectation in spite of its economic potentials. Why this sharp variation in the outcomes of the reforms in the two nations, what＇s the missing link in the Nigerian economic reforms？ This paper basically provides the response to these fundamental questions in its comparative analysis of the two distant economies and draws significant lessons for the less successful SSA economies undergoing economic reforms.
