Post Covid 19 Economy in Nigeria: The Role of Law for Sustainable Economic Development (Published)
Covid-19 otherwise known as Corona virus has impacted negatively on global economy and it may take time for nations of the world to come out of economic depression occasioned by the pandemic. This paper qualitatively identifies the roles of laws in post covid 19 economic recoveries. Specifically, the article seeks to asses the degree with which law promotes economic sustainability in the areas of banking & Finance, dispute resolution, energy, infrastructure, insurance and transportation. It also examines the extent to which economic growth might be affected if laws are not clearly defined, made public and applied in a consisten manner. Provision and application of legal frameworks in these key areas of the economy will trigger quick recovery and stabilize it for future growth. It was recommended among others that more laws should be enacted to provide additional lending authority for certain Small and Medium Scale Enterprises (SMEs) so as to boost the post COVID-19 economy in the country; loans and advances should be given to agricultural enterprises to speed up more supply of food to the economy.
Keywords: COVID-19, Economic Development, Sustainability, law and legal framework
One Belt One Road a Great project of Far-reaching Economic Development & Trend of Global modern Development Rules (Published)
The One Belt One Road project is a project initiated by China and officially launched in 2013 by Chinese President Xi Jinping, during his visit to Kazakhstan. The One Belt One Road project is a project of global dimension. In order to approach such a complex and multifaceted subject a retrospective historical analysis in regards to this particular project’s origin and idea is required. This global project involves linking Asia, Europe, and Africa with new road and maritime infrastructures. Since its launch in 2013, this project is attracting financially and diplomatically many collaborators. Evermore frequent international conferences have been hosted by China but a particular high-profile summit on May 15, 2017, held in Beijing and was attended by twenty-nine heads of state, as well as numerous government officials. Sixty-Eight countries that were involved in the summit eventually closed with a “joint declaration” signed by thirty countries, followed by 270 cooperation agreements. The vision of the “New Silk Road”, better known today as the “One Belt, One Road” (OBOR) is determined to take a major step in leading the trend in globalization in the 21st century which can be seen by an injection of enormous means from various sectors in order to make this project a fruitful realization. The main objective of this literary work is to make evident the ambitions of Beijing through the “OBOR” project and to make clear the strategies for implementing the project as well as its impact on global economic development exploiting different development sectors concerned.
Keywords: China, Economic Development, Modern Great Project, One Belt One Road, Rules, Trend of Global Development