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

by | August 15, 2013 12:00 am

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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