[SOLVED] Nigeria’s Economy

Your assignment is to prepare and submit a paper on the impact of foreign investment(with reference to china and india) on nigeria’s economy and how nigeria as a developing country. Nigeria is the most heavily populated country in African continent. It is one of the rapidly developing economies in Africa along with South Africa. Moreover, Nigeria is blessed with immense oil and other natural resources. However, technological advancements in Nigeria are not so good. As a result of that it is incapable of exploiting the natural resources properly. Being the most rapidly emerging economies in the world, India and China can help Nigeria immensely in streamlining its economic growth. Plenty of Indian and Chinese companies are currently operating in Nigeria in different sectors such as agriculture, oil, mining, refining, automobile manufacturing, banking, retailing etc. These countries are helping Nigeria to exploit its natural resources judiciously. This paper analyses the impact of foreign investment (with reference to China and India) on Nigeria’s economy and how Nigeria as a developing nation can promote Foreign Direct Investment (FDI). Table of Contents 1.0 Introduction Globalization is a process through which the activities done in one part of the world affects people on other parts of the world (Reich 1998: 5). According to Lieber and Weisberg, globalization helps people all over the world in the creation of a stronger and stable world (Lieber and Weisberg 2002: 274). Huge changes are taking place in this world after the introduction of globalization and liberalization. Some of the underdeveloped economies such as India, and China are currently emerging as the most rapidly developing economies in the world, mainly because of their ability to exploit the opportunities provided by globalization. These countries were successful mainly because of their readiness to open up their domestic market for foreign direct investments. The importance of free market and private enterprise in promoting economic globalization was explained by many scholars (Ghai1997: 1) The economy of the world keeps improving and keeps becoming more integrated as most countries want to play/contribute to a role in the economy of the 21st century. Globalisation keeps increasing as countries try to identify their competitive advantages and use their available resources to secure profits for themselves. Trade has now being expanded compared to the past, services and cross boarder flows of financial resources and people. Countries all over the world have realised that domestic resources alone may not help them much in streamlining the economic growth. As a result of that majority of the countries have already opened up their economies and liberalized the rules and regulations to attract more and more foreign direct investments or FDI. FDI is the investment of foreign capital in domestic goods and services. According to Dicken (2007, p.36), direct investment is a kind of investment intended to gain control over the activities of another firm. FDI is the investment across nations. “The flow of FDI and portfolio investments across countries generates a very large amount of investment incomes going in the opposite direction” Ietto-Giles 2002: 27). On the other hand, Adina (2011) mentioned about the training effect of FDI. In her opinion, FDI may help a country to modernize techniques and technologies, increase production and supply of goods, improve quality and competitiveness, create new jobs and grow the quality of life (Adina 2011: 148).

 

So much stress and so little time? Take care of yourself: let us help you with your task on
[SOLVED] Nigeria’s Economy
Get a 20% Discount on this Paper
Get Help Now

Haven’t found relevant content or pressed for time? –Don’t worry,  you have a team of Business professionals to help you.

All you need to do is fill in the order form in the upper right corner and upload the files that are crucial for your assignment. Also, don’t forget to specify whether your assignment has to be based upon specific research, theory, method, or program. After that, we will assign the most suitable expert to complete your assignment. You can always chat with your expert and ask any questions you have during the working process.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with Do My Homeworkk
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Nursing
A well-researched paper. Delivered before the deadline as well. Extremely pleased !!
Customer 452445, August 20th, 2021
Chemical Engineering
Amazing. The writer delivered the draft earlier than expected, lol. I am pleased with the work; I hope my supervisor will like it too.
Customer 452443, September 1st, 2021
Classic English Literature
THANK YOU SO MUCH!!!! :)
Customer 452493, April 19th, 2022
Nursing
Looks good. Thank you!!!
Customer 452503, April 25th, 2022
Nursing
Great services.
Customer 452443, November 22nd, 2021
Economics
THANK YOU! :)
Customer 452493, April 12th, 2022
Classic English Literature
Much appreciated - thank you very much!
Customer 452493, April 13th, 2022
Finance
Thank you
Customer 452445, September 8th, 2021
Other
THANK YOU SO MUCH!
Customer 452493, May 16th, 2022
Other
Thank you! :)
Customer 452493, May 14th, 2022
Chemistry
Excellent services!
Customer 452443, November 11th, 2021
Nursing
Good work, professional and beat the deadline. Thank you so very much
Customer 452445, August 24th, 2021
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Order your essay today and save 15% with the discount code ESSAYHELP