REVIEW OF A STUDY ON MEXICO AND NIGERIA’S LEVEL OF DEVELOPMENT: THE NEW METHODOLOGY, FINDINGS & RECOMMENDATIONS

Аннотация

Adekanbi's (2024) study analyzes economic development in Mexico and Nigeria using an innovative methodology combining regression analysis and structural change detection. Key findings for Mexico reveal that while external debt has minimal impact on GNI, welfare spending significantly boosts growth, and FDI offers moderate benefits with potential for greater local impact. The study addresses violence as a critical challenge, proposing reforms in housing, urban planning, anti-corruption measures, and societal re-orientation campaigns. With actionable, data- driven recommendations, the research provides policymakers with practical strategies to enhance Mexico’s economic resilience and address social challenges.