文摘
Adam Smith's vent-for-surplus theory is one of several theories researchers and social scientists have put forward to explain the state of post-colonial economic development of Nigeria. The problem addressed in this qualitative exploratory single case study was that since 1960,when Nigeria gained political independence from Britain,British colonial-era economic policy,which was based on Adam Smith's vent-for-surplus theory,has been used as the basis for Nigeria's economic development. British colonial-era economic policy was not intended for promoting economic development of British colonies. British colonial-era economic policy not only promoted large-scale exploitation of the natural resources of tropical Africa,but also actively promoted the idea that the colonies would provide a market for British manufactured goods. The purpose of the qualitative exploratory single case study was to explore and analyze from the perceptions of United States (US) based Nigerian stakeholders the impact of the British colonial-era vent-for-surplus economic policy and the corresponding export-bias economic policy on post-colonial economic development of Nigeria. Twelve US-based Nigerian stakeholders impacted by the vent-for-surplus economic theory were chosen and interviewed because of their unique economic and social experiences. Primary data for the research were generated by focusing on the responses from the interviews conducted on the US-based Nigerian stakeholders impacted by the vent-for-surplus economic theory. Secondary data were based on analysis of assembled archived government documents,and reviewed literature. Collected data were analyzed by open coding,and coded for emergent themes by use of the constant comparative and content analysis techniques. From the perceptions of US-based Nigerian stakeholders,Nigeria's poor post-colonial economic development cannot be blamed directly on Adam Smith's vent-for-surplus economic theory,but rather on themes emanating from application of the vent-for-surplus economic model. The themes identified by the research participants included,accountability,African elites,governance,and rule of law. Investigation of the impact of governance and the weak-state theory on post-colonial economic development of Nigeria are recommended areas for further research.