Growing Apart: Oil, Politics and Economic Change in Indonesia and Nigeria

Peter M. Lewis

Growing Apart: Oil, Politics and Economic Change in Indonesia and Nigeria
Format
Hardback
Publisher
The University of Michigan Press
Country
United States
Published
1 May 2007
Pages
368
ISBN
9780472099801

Growing Apart: Oil, Politics and Economic Change in Indonesia and Nigeria

Peter M. Lewis

Indonesian and Nigerian politics paralleled each other to a remarkable degree before diverging suddenly when oil money came into play. Both were populous, ethnically diverse countries with abundant natural resources and histories of political turbulence and authoritarian rule. But despite these likenesses, the two countries have seen dramatic differences in economic performance over recent decades: Indonesia grew rapidly and was able to improve national standards of living, while Nigeria stagnated and experienced deepening poverty. Author Peter Lewis suggests that the explanation for this divergence is found in each country’s way of confronting policy reform and developing institutions for economic growth. Based on the author’s detailed study of forty years of economic change,
Growing Apart
offers conclusions about the policy decisions, governmental institutions, and political foundations needed for long-term economic growth.

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