Equilibrium Perspectives and Equilibrium Perspectives Paradox in the Law of Unintended Consequences: Implications for Students Industrial Work Experience Scheme Policy in Nigeria

Introduction:

The Law of Unintended Consequences is a concept that proposes that any action has unintended effects. This law is highly relevant to the policy implementation process, as policies are designed to achieve a specific outcome but may have unintended consequences, either for the better or worse. The Students Industrial Work Experience Scheme (SIWES) policy is no exception. It was designed to address the gap between theory and practice by offering students the opportunity to gain practical experience in the industry relevant to their area of study. Nevertheless, the Law of Unintended Consequences can still pervade policy implementation. This paper seeks to analyze the Equilibrium Perspectives and Equilibrium Perspectives Paradox in the Law of Unintended Consequences and its implications for the Students Industrial Work Experience Scheme policy in Nigeria.

Equilibrium Perspectives:

Equilibrium Perspectives is a multidisciplinary discourse towards understanding the nature and workings of natural and man-made systems for predictability, optimal performance and sustainability (POS). In the context of policy implementation, Equilibrium Perspectives refer to the idea that policies are designed to achieve a desired outcome or equilibrium state. The underlying assumption is that policies are designed to create a balance in the system, and this balance can be achieved by regulating the variables or factors that contribute to the outcome. In the case of the SIWES policy, the equilibrium state is the availability of a skilled workforce for the industry, which would in turn contribute to the economic growth and development of the country. This equilibrium state is based on the notion that students will gain practical knowledge, skills, and experience that would equip them for the job market.

Equilibrium Perspectives Paradox:

The Equilibrium Perspectives Paradox refers to the situation where a policy designed to achieve a particular equilibrium state creates unintended consequences that lead to a new equilibrium state. In the context of the SIWES policy, the paradox arises when the policy, designed to create a skilled workforce, creates a glut of unemployable graduates. This situation occurs because students who participate in the SIWES programme may not acquire the necessary skills and knowledge that would make them employable after graduation. The paradox arises from the unintended consequence of policy design in which students take part in an internship programme without receiving the relevant training that should prepare them for the job market.

Implications for Students Industrial Work Experience Scheme Policy in Nigeria:

The Equilibrium Perspectives and the Equilibrium Perspectives Paradox have important implications for the SIWES policy in Nigeria. Firstly, the SIWES policy should aim to create a balance between theory and practice, which requires a revision of the curriculum to ensure students acquire the necessary knowledge and skills that would make them employable after graduation. Secondly, the policy should aim to create an environment where industries actively participate in the training of students. Thirdly, the policy should provide support for industries that participate in the programme, especially small and medium-sized businesses that may not have the resources to offer training to students.

Conclusion:

In summary, the SIWES policy was designed to address the gap between theory and practice by offering students the opportunity to gain practical experience in the industry relevant to their area of study. However, the Equilibrium Perspectives and Equilibrium Perspectives Paradox in the Law of Unintended Consequences can pervade policy implementation. The Equilibrium Perspectives Paradox arises when the policy, designed to create a skilled workforce, creates a glut of unemployable graduates. As a result, the SIWES policy needs to ensure that students acquire the necessary knowledge and skills that would make them employable after graduation. The policy should aim to create an environment where industries actively participate in the training of students, and the government should provide support for industries that participate in the programme.