Nigeria’s electric power sector reforms: a good exception to the concept of the obsolescing bargain (Part 1)

Nigeria’s electric power sector reforms: a good exception to the concept of the obsolescing bargain (Part 1)

The concept of the obsolescing bargain was coined by Harvard economist, Raymond Vernon, in the year 1971 and essentially connotes a shift in the bargaining power from an investor, in favour of a host government. According to Vernon, the theory of the obsolescing bargain forecasts that the passage of time will lead to the loss…

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