Former Minister and 2019 Presidential candidate, Oby Ezekwesili in a recent statement stated that countries and citizens need to start already preparing themselves for the Post-COVID—19 global economy, IgbereTV report.
Oby Ezekwesili stressed that it is crucial for countries to know their area of comparative advantage.
She said, “Many think this basic economics concept is passé but that not true at all. It is at the heart of the differences in competitiveness and productivity of countries. Imagine me collecting a form for Miss World Competition!”
The former minister disclosed that the world will gradually ease into a Post-CoronaVirus phase when countries reposition their economies. She added that the African countries that will take-off faster and create new opportunities are the ones whose Political Leaders and Policymakers understand Comparative Advantage.
Oby Ezekwesili also advised individuals to learn to play to their area of strength as that’s what comparative advantage helps one do.
“Countries and Citizens need to start already preparing themselves for the Post-COVID—19 global economy. No waiting until later. The Production Systems of the world will witness radical changes. Our continent has prospects but it requires understanding Comparative Advantage,” she added.
