Rich Nation Poor People: The Anatomy of Economic Growth Without Development

Rich Nation Poor People: The Anatomy of Economic Growth Without Development provides answers to the nagging questions of "What is Economic Growth?'' "What is Development?" "What differentiates Economic Growth from Development?" "Can there be Economic Growth Without Development?" The book dissects the elusive quest for economic growth and development in resources-rich poor countries of Africa, Latin America and Asia with particular reference to Nigeria, and unravels why these countries are rich but the people are poor. For countries like Nigeria and Venezuela, oil has remained more of a curse rather than a blessing. It has paradoxically contributed, in no little measure, to making Nigeria the headquarters of world poverty and one of the most corrupt countries in the world. The book plays out the dynamics of these phenomena and points the way forward.