some of these theories have gone obsolete because in reality, Bad leadership is the number one cause of the poor economic policies we are facing in the world. if we have good leaders that knows what governance entails, then the issue of trying to identify what to produce, howto produce it and for him to produce it will be the last thing we will even talk about. when we continue to look at these basic economic issues as what is causing our decline in economic growth, it only tells that we are not growing as a nation economically.

most nations that have managed to solve the major part of her economic problem first made it right in the delection of her leaders and the leaders on the other hand implement policies that helps the nation recover from whatever bad econmic policies that has held them back in the past. even when companies and private institutions try to set out modalities to grow, they can not really thrive well in an economy that is bad because whatevr policies the government set up affect every sector that is under the watch of the government. resources are available but they are managed by the government and if the government does not have the abillity to manage the resources well, what then becomes of the economy of the nation even when they have enough resourse that should have normally helped the nation? most of the third world countries have a struggling economy because they have missed it in their leadership level.