THE IMPACT OF GLOBALIZATION ON INDUSTRIAL GROWTH OF NIGERIA (1985-2011)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
BACKGROUND OF THE STUDY
Globalization is a system that confers benefits and posses challenges and risks to countries across the globe and has gained momentum from the last quarter of the twentieth (20th) century. It is the intensification of cross border trade and increased financial and foreign direct investments flows among nations, promoted by rapid advances in and liberalization of communication and information technology. Technology, polling and competition are the forces during globalization. This is attested to, for example, by advances in computing technology, which enables traders to meet their demands for financial instruments such as swaps and future with relative ease. Globalization constitutes a mega trend in 4 global political economy and has assumed a new phase in contemporary international economic relations, given the merged socio-political and economic transformation as well as the technological economic transformation as well as the technological advancement in communication, information transportation etc. The process seems to be irreversible. Nations, states have indeed consistently intensified efforts towards engaging in business across national borders and constructing production and distribution network on a global production and distribution network on a global scale. The international institution that overseen world trade and finance like the IMF, the world Bank, WTO play an increasingly important role in this era of globalization. Globalization has both negative and positive impacts, amongst the negative impacts are the rapid spread of diseases, crime, illicit drugs, terrorism and uncontrolled migration, which is one of the greatest problem facing Nigerian economy. The problem became more pronounced 5 and aggravated by the structural adjustment programme (SAP) and more recently by globalization. Given the low level of industrialization and the SAP. Induced under utilization of industrial capacity in the Nigeria economy, globalization has translated into the restriction of Nigeria to primary production even with this the price of primary commodities is extremely determined. This transport Nigeria into a powerless situation where she lacks direct control over the crisis in her economy because her hands are tied by the terms and dictates of globalization. The most drastic evidence of globalization is the increase in trade and the movement of capital stocks, bonds, currencies and other volume of investments from the period of (1950-2001). The volume of worlds export rose by 20 times and by 2011, world trade amounted to a quarter of all the goods and services produced in the world. In the early (1970’s) only $10 billion to $20 billion in national currencies were exchange daily, by the early part of the 21st century. 6 More than $1.5million worth of ten, Euros, dollars, pounds and other currencies were traded daily to support the expanded levels of trade investment which is as a result of globalization.
Related Project Materials
PERCEPTION OF MASS MEDIA AS TOOLS FOR SENSITIZING RURAL DWELLERS ABOUT INFECTIOUS EPIDEMIC A CASE STUDY OF CORONA VIRUS IN NIGERIA
ABSTRACT
This research work empirically explored the perception of mass media as tools for sensitizing rural...
A STUDY OF THE ACTIVITIES OF NATIONAL PROGRAMME ON IMMUNIZATION AND CHILD MORTALITY
Abstract
The Cumulative Sum (CUSUM) Control Chart was widely used in manufacturing industries to monitor process perform...
THE USE OF IGBO PROVERBS IN SELECT PLAYS OF ZULU SOFOLA
BACKGROUND TO THE STUDY
African literature consists of a body of literary works in different languages and genres, ranging from oral lite...
ANALYSIS OF SERUM CALCIUM AND PHOSPHORUS IN RICKETS AND NON RICKETS CHILDREN OF GONIN-GORA, KASO AND JANKASA COMMUNITIES IN KADUNA STATE
ABSTRACT
The beginning of the 20th century witnessed the epidemic of nutritional rickets among children in many countries of Asia, North...
ETHNIC MILITIA; A THREAT TO DEMOCRACY AND SECURITY IN NIGERIA
ABSTRACT
This work on Ethnic militia in Nigeria and how it is a threat to the democracy and security of the nation is of...
TACKLING COMPLEXITIES IN MATERNAL CARE USING AN E-HEALTH SOLUTION (A CASE STUDY OF DOCTOR-PATIENT RELATIONSHIP AT FEDERAL MEDICAL CENTER, YOLA)
ABSTRACT
The rate of maternal mortality in the recent time is so alarming due to weak health systems, poor doctor-patient relationship, a...
THE THEORY OF ARTS AND AESTHETICS, A REALITY TO CONTEMPORARY SOCIETY: KANTIAN APPROACH
ABSTRACT
This study explores the theory of arts and aesthetics, a reality to contemporary society: Kantian approach. In...
ROLE OF PUBLIC RELATIONS IN GENDER CONFLICT RESOLUTION
ABSTRACT
This study is on the Role of Public Relations on Gender Conflict Resolution. (A Study of First Bank Nigeria Plc...
SCHOOL FACTORS AFFECTING TEACHING AND LEARNING ENGLISH LANGUAGE AT PRIMARY LEVEL
ABSTRACT
The aim of this research is to investigate and find out the school factors that affect teaching and learning En...
PRACTICAL EVALUATION OF WHATSAPP CHATS
Background to the Study
The complexity of language is one of the most striking characteristics of human...
