Hello Africa

  Dynamic Equilibrium Source : Zhang et al (2020)A Simple Macroecnomic Model based on Solow Growth Model Dynamic equilibrium simply refers to a state where opposing forces can achieve a level of balance. Thus in the midst of changing conditions, living organism tends to find stability, through continuous adjustments, in achieving a state of equilibrium. In physics, a reversible process will be found when the forward and reverse motion occur at the same rate . In this case, t here will be no observable change in the overall system. Once such a balanced state is reached, the concentrations or partial pressures of all organisms, species, processes, and operations will remain constant. Whereas, in economics, in a static equilibrium where all quantities have unchanging values, in dynamic equilibrium, various factors and quantities may be changing or growing at the same rate. In the neoclassical growth model (fig.1) output and physical stock also grow at the same rate with output pe...

Mercedes-Benz Source:  Automotive News (Feb, 2021) Mercedes is reputed for producing cars that provide exceptional performance and longevity. Its focus on quality manufacturing, top-notch precision engineering, painstaking and rigorous testing, has made it a house-hold name in the global auto industry. Mercedes Benz stands out among the world’s major car brands. The success story began in 1886, and in more than a century and three decades later, has devoted itself to its initial vision of luxury, performance, and safety. Committed to high quality R&D, innovative engineering, and designs, coupled with its focus on quality and reliability, Mercedes has created a reputation for quality, advanced technology, safety, and luxury. Studies have shown that owning a Benz is associated with opulence and status, and it says a lot about the owner’s personality. Over the years, its reputation has earned it a spot among the top car brands in the world. It is reported (2023) that Mercedes-Benz...

               Generativity vs Stagnation: The Spotlight Effect                                             Source : Generativity vs Stagnation: HRB Associates 2023. Erik Erikson (1950) in his life-span theory of the stages of physiological development, identified generativity as the life’s part where individuals are willing to engage in acts that promote empathy and selfless development, and the transfer of life’s long knowledge and skills to the next generation. It is also inferred as the path where corporate organizations promote activities that ensures the survival and sustainability of the next generation of leaders, by continuously managing the work-life cycle of employees, through on-boarding, skill development, employee engagement, performance management and work-life balance. In personal development, a generative behavior is the a...

  Blind Spots and Personal Leadership              Source: Science Buddies @ www.sciencebuddies.org   In human anatomy, the blind spot is the point of entry of the optic nerve on the retina, insensitive to light. Generally, it is often an area where a person’s view is obstructed from both sides of his vision. In vehicular traffic system, beyond monitoring every area around and both sides of a vehicle, effective use of  blind spots monitoring systems can keep a driver from running into other vehicles moving in the same direction. The Formula One (F1) cars adopt blind spots monitoring technology to reduce crashes on race tracks. This technology has helped drivers to effectively determine how and when to change lanes by monitoring the blind spot areas during races. In theory, our blind spots are the dark areas that obstruct our field of  vision, even when we are able to clearly see our surroundings.   Businesses operate in uncerta...

Hello Africa,   Elitism and City Development in Africa. Development initiatives in African countries are predominantly metropolitan, and  mainly urban-focused. Crippling social challenges which include inadequate basic infrastructure, slums, squalor, and low standard of living are the resultant effect of urban development. In Africa, it is estimated that over 60 percent of urban and city inhabitants live in slums and abject poverty. The development of new cities and urban centers is mainly to eliminate these social ills, rather than reduce  poverty and inequality.   Figure 1. Atlantic City Project, Lagos Nigeria. Africa is building new cities across the continent, and most African leaders largely focus on new country capital, mainly for administrative purposes. The future of Africa is to build new smart cities that will drive economic growth and development. The Eko Atlantic City, in Lagos Nigeria, Konza Techno City in Kenya, Kigali Metro-City, and the Modderfontein ...

  The S-curve and Personal Growth and Development   Figure 1: S-curve   The S-curve framework  has been used in multi-discipline analysis and framework to depict Begin, Growth, and Decline Phase of human biology, production theory in economics, project evaluation, performance evaluation, cash flow forecast, and a wide range of  measurement factors that utilizes a cumulative distributive chart with growth and time. It is used for measuring the start, growth, maturity, and decline of a given entity or project. The S-shaped curve helps us to understand the nature and performance of a given project or role, and outcomes can help in forecast and learning for corporate and personal growth and development. The S-curve is likened to the the three stages of production in economic theory were the average and marginal contribution of factor inputs determine the output in the production function. At stage one, average product is rising, stage two average product is rising b...

  Income Per Capita and Unemployment According to the World Bank, in 2021, countries with per capita incomes of $1,025 or less were classified as “low income developing countries” and this category of countries had the least levels of economic growth advances. In comparison to other macroeconomic indicators, per capita income is used to evaluate the general health of the economy. In its report, World Bank (2021) stated that 9 out of 10 countries with the highest per capita incomes are in the Advanced Countries. Luxembourg has the highest per capita income, while Burundi has the least. The most dynamic relationship between GDP per capita and unemployment rate is contained in Okun’s law in economics. This law asserted that a country’s GDP must grow at about 4% per annum for a 1% reduction in the level of unemployment. Unemployment has devastating effects on the individual, society, and the economy. Unemployment creates challenges that include the inability to find future jobs, decrea...