02 May 2013

The political economy of Nigeria and Indonesia

A Nigerian and an Indonesian attend a foreign university together in the 1960s and become friends. After graduation, each returns home to join the government. Several years later, the Nigerian visits his colleague in Jakarta, and finds him living in a big, luxurious house with a Mercedes car parked outside. ‘How can you afford such a nice house on a politician's salary?', asks the Nigerian. ‘Do you see that road?', replies the Indonesian, pointing to a magnificent highway outside. ‘Ten per cent.' Some time later, the Indonesian goes to visit his Nigerian friend, and finds him living in a vast palace with ten Mercedes cars parked outside. Amazed, he asks where the money had come from. ‘Do you see that road?' asks the Nigerian, pointing to a thick tangle of rain forest. ‘A hundred per cent.'
From the Economist (old, but good)

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