CALIFORNIA, THE 6TH LARGEST ECONOMY IN THE WORLD: A TEMPLATE FOR NIGERIA'S RESTRUCTURING PROGRAM AND A CALL FOR RESOURCE CONTROL.
California is the 6th largest economy in the world. It's economy is larger than that of France or Brazil. The little problem is that California is not a country. It is a State in the United States of America. It has little offshore oil, yet its economy is larger than States in the US that are famous for their oil reserves, like Texas. California generates much of its revenue from non-oil products. It found a way to absorb and domesticate much of the intellectual output from its premier university, Stanford University, into saleable products within its economy. As a matter of fact, much of California's economy is built around Stanford University. So with this, Silicon valley developed. I'm sure you've heard of Silicon Valley at least once in your life. Now with Silicon Valley came companies like Apple, eBay, Cisco, Lockheed, Hewlett Packard (HP), Google, Netflix, Facebook, Oracle, Tesla...and the list goes on and on ad infinitum.These are multibillion-dollar compani...