The Lewis Theory of Development: Is the Theory Applicable to Nigeria as a Country?
11 Pages Posted: 25 Jul 2011 Last revised: 12 Nov 2015
Date Written: March 1, 2009
This Paper assesses the applicability of the Lewis theory of development to the Nigerian economy. Nigeria has both rural and urban sectors that provide for each forward and backward linkages and as such, the two sectors are not mutually exclusive in promoting the economic growth of the country and improving the standard of living of citizens. However, the Federal Government of Nigeria does not necessarily have to move surplus labour that exists in the rural areas to the urban areas but instead infrastructural facilities should be provided equally to both the rural and urban areas of the country.
Keywords: Economic Development with Unlimited Supplies of Labour, Nigeria, Arthur Lewis
JEL Classification: O10, O18, O21
Suggested Citation: Suggested Citation