The industrialisation horseshoe and the trap of arbitrage-led economies

    Oyinkan Teriba | YSOT | Apr 27, 2026    
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A young graduate navigating Lagos traffic on a delivery bike and another doing the same on the streets of London may appear worlds apart, yet both operate within increasingly similar economic conditions defined by insecure work, platform-mediated income, and limited returns to education. While this could suggest convergence, as if globalisation has flattened the world into a singular precariat, it is however, only the surface.

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