POLITICAL INSTABILITY - DEVELOPMENT ECONOMICS


One of the reason why  industrial revolution started in  Britain   is that Britain  was able to  have a stable political system before most other nations. Stability connotes progress because progress is not a concomitant of chaos and instability. A harmonious  atmosphere is definitely more conducive to progress since the  creative nature of man is more easily   harnessed in such a situation.  At  least experience shows that a man who is constantly form  by   strife, internal and external, is not the best suited for  experimentation   and invention. In like manner a country that  is constantly  torn by strife cannot be expected to perform  wonders, development wise. 


For  one thing, there is always a  feeling of insecurity in such a place, investors are    scared away,  and people because they are not sure of what happens next, will  rather chose to enjoy in the immediate instead of postponing it with  the hope of a greater  tomorrow . This  to a great extent  accounts  for the slow progress in west Africa where political instability is rife . we hear of coups and counter coups. Not openly  this, a  country like Nigeria has  just come out   of a civil war and the present situation does not give much hope that    there will not be a repeat performance even in the immediate future despite the hard lessons that appear to   have  been learnt 

The situation  in the country is not rally  a happy one even   though  one may look at it as a transitory stage in both the political and   economic  development of the country creative minds are needed to  formulated new political structures that will usher in a new   atmosphere that can  guarantee continued progress in the country  
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