Economist to Discuss Barriers to Economic Growth in Africa
Published on March 23, 2012
Olu Onafowora, professor of economics at Susquehanna University, will discuss “The Role of Leadership in Africa’s Economic Growth and Development” as the recipient of the university’s John C. Horn Distinguished Service Award. The free public lecture will take place April 4 at 4:30 p.m. in Isaacs Auditorium, in the university’s Seibert Hall.
The lecture will focus on how leadership failure has affected economic growth in Africa. “African countries are caught in unstable leadership traps because of the inability to harness leadership capital with socio-cultural capital,” Onafowora said. “Leadership capital is subject to diminishing returns after two terms of tenure in office, while socio-cultural capital does not diminish because of society’s knowledge base, skills, and technical and educational qualifications.”
As an economist, Onafowora has conducted research on monetary policies, government spending, taxation, and tourist trade in international contexts, particularly in Africa, Europe and the Caribbean. He teaches micro- and macroeconomics as well as labor economics. In addition to his teaching and scholarly activities, Onafowora has served as a policy and economics consultant to the Food Policy Institute and the Center for Urban Policy Research, both at Rutgers University.
Onafowora earned his Ph.D. from West Virginia University and joined the Susquehanna University faculty in 1989.
The John C. Horn Distinguished Service Award was established in 1979 by the university’s board of directors to honor the late John C. Horn, who served as board chair from 1962 to 1978, and to recognize outstanding faculty scholarship and service. The award is determined by open nominations from the faculty.
Karen M. Jones