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The role of competition policy in development strategies and the speciï¬c features of institutional design that are most conducive to development have been constant areas of enquiry in development economies. Standard economic theory holds tells us that competitive forces work best and deliver the expected outcomes when there exists a market that is not overridden by distortions. The model of free market economies is a theoretical construct with great historical power. It is the model that is introduced at the beginning of every economics text book and has been canonized with the authority of Adam Smith, the founder of modern economics. Free competition is a fundamental assumption in any market economy and has even been seen as one of the foundations for democratic societies.Competition law in Nigeria is undoubtedly still a novel concept, although several attempts have been made to implement competition law legislation.
The integrity and virility of the Bench is undisputedly connected to the associated agencies of the judiciary and affects the society at large.The Nigerian Institute of Advanced Legal Studies (NIALS) shares the view of active engagement in the reform...
It was James Madison, the fourth President of the United States, an American statesman and political theorist who said in 1822 that…..“Knowledge will forever govern ignorance, and a people who mean to be their own governors, must arm the...
Fourteenth in a series of annual reports comparing business regulation in 190 economies, Doing Business 2017 measures aspects of regulation affecting 10 areas of everyday business activity: • Starting a business • Dealing with construction ...
A well functioning financial sector safety net is an essential elemement for a financial sector. It guarantees the safety of the banking system and its deposits, inspires confidence in the system and safeguards against any shocks. The global financia...
Most readers, especially those with car loans or home mortgages, know about collateral--property that the lender can take away from the borrower in the event that the borrower defaults. In low/middle income countries, it is understood that conservati...
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