Oteh arunma oteh biography

So, yes, it does. Not quite, but I do believe that it can still play an important role and actually has begun to play that role in helping society to make progress on those important global challenges that you mentioned, whether climate change, poverty, inequalities, the impact of technology, pandemics, as well as racial and class issues.

I say this because it gives us a common framework for understanding issues and addressing gaps, cause and effect, as well as cost-benefit analysis are also useful concepts in this regard. These global challenges can be incorporated - and we can see some work already being done - into the concepts of markets and profits. They can help us redefine what success means so that it is not just taking account of profits, but taking account of what value you bring to all stakeholders while netting out what you take away from society.

So that thinking around how to think about these global challenges which are here with us is something that I think economics has the capacity to contribute enormously to. I think we need to develop tools that will provide a more comprehensive perspective on value creation as well.

Oteh arunma oteh biography: Arunma Oteh graduated from the University

So if we go back to September when Milton Friedman authored his seminal piece about the importance of focusing on shareholder returns as a purpose of the corporation. The multi-stakeholder approach, not just focusing on the shareholder but on the employee, on the customer, on the community and other stakeholders. I would add that asset managers and business leaders are also pivoting to a more comprehensive definition of the role of a corporation.

And this is extremely important. I think that these trends will help foster the development of economic tools that address these economic challenges. So measuring sustainability, shifting from short-termism to long term thinking, measuring complex issues such as climate change will require new economic tools. It will also encourage society, and particularly economists, to be rigorous in developing their analysis and postulations.

Society will benefit from reviewing what went wrong and how to improve the quality of decision making. Given how so important economics is to our lives, I do think that accountability is important. I believe that the study of economics will not be complete without delving into capitalism, which is one way to deploy the factors of production.

The most common definitions are that capitalism is an economic system that is characterized by free markets, private ownership of property or in economic terms, private control of the factors of productioncompetition and, of course, profit motive for producers.

Oteh arunma oteh biography: Arunma Oteh OON is a Nigerian

This is contrasted by a social system where the means of production are either centrally controlled or usually state owned. However, every country, in my view, has a mix of capitalism and socialism. Indeed, capitalism is on one end of the economic system continuum or spectrum and socialism is on the other end. Nations are different points on the continuum and could move from one point to the other depending on the ideology of the political leadership and the circumstances of the day.

In fact, I think the limit to the extent of stimulus package has has corresponded to the extent of fiscal capacity that nations have. Her brilliant leadership at the SEC earned her plaudits, and she soon became a respected figure on the global financial scene. Her new role is a testament to her exceptional leadership qualities and unwavering commitment to excellence in the financial sector.

With her immense experience and expertise, Arunma Oteh inspires all aspiring businesswomen and economists in Nigeria and beyond. Her mother, Jane Egbichi Otehand father, Oteh Oteha passionate family photographer, contributed to her rich cultural heritage. Tragically, her mother passed away on the 9th of Julyand her father followed suit on the 22nd of Novemberleaving behind cherished memories in the family album.

Not one to rest on her laurels, she co-edited the book African Voices African Visionswhich highlighted the voices and stories of African leaders. Her visionary leadership and focus on integrity garnered her significant success in her field. She subsequently served as the Vice President and Treasurer of the World Bank from July tocementing her position as a global thought leader.

With her diverse cultural background, academic achievements, and professional accomplishments, she is an inspiration to many blazing trails in the Nigerian and global financial sectors. Arunma Oteha woman who has shattered the glass ceiling in the business world, has been quite cautious regarding heart matters. SEC Director General, — [ edit ].

Oteh arunma oteh biography: She started her career at Centre

World Bank, — [ edit ]. FSD Africa, since [ edit ]. Also including [ edit ]. Other activities [ edit ]. Recognition [ edit ]. Bibliography [ edit ]. References [ edit ]. Retrieved 6 March BBC News. The Daily Independent. Retrieved 4 August — via AllAfrica. Royal African Society. Retrieved 2 August The Guardian. FWU Newsletter. Retrieved 8 June Vanguard Nigeria.

The News Nigeria. Archived from the original on 30 August SEC Nigeria. Archived from the original on 9 May Retrieved 15 August Archived from the original on 15 June Retrieved 12 June