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ARTICLE · 27 JUNE 2017

Growth & Trade Policy: Concepts & Implications For Nigeria

Paper presented by the 2016 PUNUKA Annual Lecture. Guest Lecturer, Prof. Robert Lawrence, Albert L. Williams Professor of International Trade and Investment, Center for Business and Government, ...

NigeriaStrategy

Guest Lecturer Robert Z Lawrence
Albert L Williams Professor of International Trade and Investment Harvard Kennedy School & Senior Fellow Peterson Institute for International Economics

Punuka Annual Lecture 2016
Lagos Nigeria

Introduction: A New Global Environment

  • Challenges:

    • Slow growth in advanced economies.
    • Brics (besides India) all face growth problems.
    • Commodity markets are depressed.
  • Opportunities:

    • Wages rising in China: supply chains are moving.
    • Middle Classes in China and India are growing.

Outline

  • Kinds of Growth.
  • Three policies:

    • Tariffs on inputs.
    • Infant Industry Protection.
    • Competitive exchange rates.

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