Show simple item record

dc.contributor.authorOgbimi, F. E.
dc.date.accessioned2019-10-29T00:41:27Z
dc.date.available2019-10-29T00:41:27Z
dc.date.created2018-09-05 01:03
dc.date.issued2007-06-10
dc.identifieroai:africanem.journals.sfu.ca:article/278
dc.identifierhttp://journals.sfu.ca/africanem/index.php/ajtcam/article/view/278
dc.identifier10.4314/ajtcam.v4i4.278
dc.identifier.urihttp://hdl.handle.net/20.500.12424/2539709
dc.description.abstractThis paper analysed the twin-problems of unemployment and poverty. The methodology adopted in the analyses was a combination of the historical and logico-mathematical research perspectives. The results showed that the technologically advanced nations (TANs) experienced mass unemployment, low productivity, high inflation and prevalent poverty problems for many centuries before they achieved industrial revolution (IR). When they achieved the modern IR, not only did the mass unemployment problem disappear, but also, there were not enough adults persons to fill the employment openings created by the industrialisation. Consequently, industrialists resorted to employing children who worked in factories for many hours everyday, and prevented them from receiving education. Unemployment and poverty, therefore are symptoms of stagnation and lack of industrialisation (the disease). The long-term solution to mass unemployment and poverty therefore is industrialisation, for there is no industrialised nation that is poor. The short-term solution is promoting sustainable economic growth and competence-building. However, because achieving sustainable economic growth, competence-building and industrialisation are learning processes, Nigeria and other developing nations need to develop good educational systems. They should also establish suitable frameworks for training university graduates, scientists and engineers in particular in a curriculum-based scheme to acquire complementary practical skills in the economy outside campuses. This is how the poor nations can achieve sustainable growth, build-up individual and national competence, promote industrialisation and eliminate unemployment and poverty problems, speedily.
dc.format.mediumapplication/pdf
dc.language.isoeng
dc.publisherAfrican Ethnomedicines Network
dc.relation.ispartofhttp://journals.sfu.ca/africanem/index.php/ajtcam/article/view/278/244
dc.sourceAfrican Journal of Traditional, Complementary and Alternative medicines (AJTCAM); Vol 4, No 4 (2007); 541 – 552
dc.titlePROMOTING SUSTAINABLE ECONOMIC GROWTH AND INDUSTRIALISATION: SOLUTION TO MASS UNEMPLOYMENT AND POVERTY
dc.typeinfo:eu-repo/semantics/article
ge.collectioncodeOAIDATA
ge.dataimportlabelOAI metadata object
ge.identifier.legacyglobethics:15191417
ge.identifier.permalinkhttps://www.globethics.net/gel/15191417
ge.lastmodificationdate2018-09-05 01:03
ge.lastmodificationuseradmin@pointsoftware.ch (import)
ge.submissions0
ge.oai.exportid149801
ge.oai.repositoryid6781
ge.oai.setnameResearch Papers
ge.oai.setspecajtcam:ART
ge.oai.streamid2
ge.setnameGlobeEthicsLib
ge.setspecglobeethicslib
ge.linkhttp://journals.sfu.ca/africanem/index.php/ajtcam/article/view/278


This item appears in the following Collection(s)

Show simple item record