Volume 04 Issue 11-2024
42
International Journal Of History And Political Sciences
(ISSN
–
2771-2222)
VOLUME
04
ISSUE
11
P
AGES
:
42-44
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
ABSTRACT
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.
INTRODUCTION
Economic development is a complex interplay of
various factors, including government policies, foreign
investments, and socio-cultural dynamics. Mexico and
Nigeria, two nations with diverse economic
landscapes, offer a fascinating comparison in their
trajectories of growth and development. Despite their
differences in geography, culture, and governance,
both countries share challenges such as economic
inequality, reliance on natural resources, and the need
for policy interventions to address systemic issues.
The study conducted by Dr. Omolara Adebimpe
Adekanbi (2024) explores the economic and social
development of these nations using an innovative
methodology. This approach not only analyzes key
economic variables like government spending, foreign
direct investment (FDI), and gross national income
(GNI) but also incorporates indices such as the Health
Improvement Index and Food and Nutrition Index to
provide a holistic understanding of development. The
research identifies structural economic changes,
examines the effectiveness of policy interventions,
Research Article
REVIEW OF A STUDY ON MEXICO AND NIGERIA’S LEVEL OF
DEVELOPMENT:
THE
NEW
METHODOLOGY,
FINDINGS
&
RECOMMENDATIONS
Submission Date:
October 20, 2024,
Accepted Date:
November 05, 2024,
Published Date:
November 19, 2024
Crossref doi:
https://doi.org/10.37547/ijhps/Volume04Issue11-08
Ramon Quintana Woodstock
Researcher & Columnist, Norte Digital
Journal
Website:
https://theusajournals.c
om/index.php/ijhps
Copyright:
Original
content from this work
may be used under the
terms of the creative
commons
attributes
4.0 licence.
Volume 04 Issue 11-2024
43
International Journal Of History And Political Sciences
(ISSN
–
2771-2222)
VOLUME
04
ISSUE
11
P
AGES
:
42-44
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
and
offers
actionable
recommendations
for
sustainable growth.
For Mexico, a country grappling with the economic
and societal impact of violence and corruption, the
findings are particularly insightful. They reveal the
nuanced roles of government spending, FDI, and
external debt in influencing growth, while also
addressing the socio-mental and infrastructural
factors that drive challenges such as violence.
Through targeted policy recommendations, the study
provides a roadmap for addressing systemic issues,
fostering
resilience,
and
unlocking
economic
potential.
METHODOLOGY
The study conducted by Adekanbi (2024) employs a
structured methodology using both quantitative and
qualitative approaches. Key economic variables,
including interest rates, FDI, and government
spending, are analyzed against GNI through multiple
regression. Structural change detection pinpoints
periods of significant economic shifts, followed by
targeted regression analysis to assess specific policy
impacts in those timeframes. This rigorous approach
strengthens the reliability of the findings and provides
policymakers with clearer insights into the effects of
individual policies. Additionally, Adekanbi calculated
indices such as the Health Improvement Index and
Food and Nutrition Index, allowing for standardized
comparisons of health and nutrition standards
between the two countries.
FINDINGS AND RECOMMENDATIONS FOR MEXICO
The results reveal several significant findings about
Mexico's economic landscape. For instance, external
debt has a minimal and statistically insignificant effect
on Mexico's GNI, indicating its limited role in driving
economic
growth.
Government
expenditure,
especially on welfare, however, shows a substantial
positive impact, underscoring the value of social
spending. FDI also positively affects GNI, though its
influence is moderate, suggesting opportunities for
further leveraging foreign investments to foster local
skills and innovation.
Violence and Security Policies
The issue of violence, largely driven by drug-related
crime, continues to present significant economic and
social challenges in Mexico. The research identifies
contributing factors such as financial instability,
societal pressures to display wealth, and a widespread
perception of government corruption. Drug cartels
have fueled violence across the country, straining law
enforcement
and
requiring
comprehensive
intervention.
Adekanbi
highlights
several
recommendable policies based on prior government
efforts:
Law Enforcement and Transparency Improvements:
The establishment of the Secretariat of Public Safety
and Federal Preventive Police in 2000 signaled a
strategic move to enhance security. In addition,
appointing an opposition party member as attorney
general strengthened anti-corruption efforts, leading
to public arrests of officials with cartel connections.
Transparency measures introduced around this time
made crime statistics and handling procedures public,
fostering greater accountability. These efforts
continued through Calderón's administration, which
involved military collaboration with the U.S. under the
Merida Initiative (Plan México) to bolster anti-drug
operations.
Enhanced Housing and Infrastructure for Vulnerable
Areas:
To address factors driving violence, Adekanbi
recommends an improved housing assistance system.
Volume 04 Issue 11-2024
44
International Journal Of History And Political Sciences
(ISSN
–
2771-2222)
VOLUME
04
ISSUE
11
P
AGES
:
42-44
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
A revised policy could involve replacing the current
payroll-funded housing program with subsidized
housing in industrial areas near workplaces. Two
storey buildings with essential infrastructure could be
constructed by contractors at an agreed cost, while
the government provides housing subsidies. This
initiative would make housing affordable for low-
income workers and support community stability.
Expanding this program to include existing buildings
within a specific price range would broaden access to
affordable housing and reduce socio-economic
pressures that can lead to violence. In addition,
commercial hubs like Mexico City need new urban
planning to mandate the relocation and dispersal of
companies and workplaces away from the city center.
This would reduce the need for commuters to
overcrowd trains, buses, and cars, alleviating traffic
congestion and making daily commutes less
exhausting. Such changes aim to improve quality of
life and promote a better work-life balance.
Addressing Socio-Mental Drivers:
To counteract
societal pressures that glorify wealth and narcotics,
the
government
could
launch
re-orientation
campaigns through TV propaganda, social activities,
and school programs to promote more positive life
goals. Additionally, Mexico could collaborate with the
U.S. to restrict film portrayals that glamorize the drug
trade. A heavy tax on imported luxury items,
particularly high-end vehicles, could serve as a
deterrent and introduce a system of scrutiny on
wealth sources to discourage illicit income.
Strengthening
Anti-Corruption
Measures:
Recognizing that corruption fuels distrust and
undermines
public
safety
efforts,
Adekanbi
recommends that Mexico penalize corruption in
governance with the same severity as drug trafficking
offenses. Offenders should face public reprimand to
rebuild trust and demonstrate that the government is
committed to rooting out corruption.
CONCLUSION
Overall, this article with a newly designed
methodology by Omolara Adebimpe Adekanbi, is a
valuable contribution to understanding Mexico’s
economic development. Its rigorous methodology
and specific, data-backed recommendations provide
policymakers with practical strategies to address
economic and social challenges. By emphasizing
welfare, FDI impact (especially through spillover
effect of technology), and violence mitigation
through comprehensive policies, the article outlines a
clear path forward for enhancing Mexico's economic
resilience and growth.
REFERENCES
1.
Adekanbi, O. A. (2024). Level of Economic
Development and National Policies in Mexico and
Nigeria (1970-2018): A Comparative Analysis of
Growth and Institutions. International Journal of
Social Science Research and Review, 7(4), 114-148.
Retrieved
from
https://ijssrr.com/journal/article/view/1982/1543
