@article{MAKHILLJET20126328546,
    title = {The Political Economy and Impact of Educational Finances in Communist and Liberal Democracies: The Case of China and Nigeria},
    journal = {Journal of Economics Theory},
    volume = {6},
    number = {3},
    pages = {81-90},
    year = {2012},
    issn = {1994-8212},
    doi = {jeth.2012.81.90},
    url = {https://makhillpublications.co/view-article.php?issn=1994-8212&doi=jeth.2012.81.90},
    author = {Sheriff Ghali and},
    keywords = {Political economy,education,finance,communism,liberalism,democracy},
    abstract = {Education is universally perceived as the backbone and engine 
  of development in every socio-political formation. Without education, development 
  is said to be a mirage or simply put a dream that is not feasible and realizable. 
  This study delves in to the political economy of education in the communist 
  state of China and the liberal or mixed ideological state of Nigeria. The study 
  also analyses the impact of educational finances in the two countries showing 
  the significance of high level of financial concern to education. The study 
  has adopted both primary and secondary sources of data in order to arrive at 
  a scientific conclusion. Findings show that the higher the amount of finances 
  used in the process of developing educational institutions, the higher the outcome 
  of having more educated individuals in the society and the better level of economic 
  development. The study concludes that the Chinese government has been able to 
  develop manpower in the mainland due to the proper financing of education, research 
  and development, motivation in the development of science and technology while 
  Nigeria is lagging behind due to corruption, lack of commitment and political 
  instability among other things. The study recommends absolute finances in scientific 
  research and more budgetary instruments be geared towards education for development, 
  among other things.}
    }