The impact of foreign direct investment and trade liberalisation on the development of Nigeria's manufacturing sector
The ongoing globalization has resulted to a widespread liberalization, integration and competition among countries. The impact of this trend has resulted into higher level of cross border investment. Foreign Direct Investment (FDI) and trade liberalization have long regarded as an engine of growth...
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| Format: | Thesis |
| Language: | English |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/20930/1/Rasaq%20Akonji%20Danmola%20ft.pdf |
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| Summary: | The ongoing globalization has resulted to a widespread liberalization, integration and competition among countries. The impact of this trend has resulted into higher level of cross border investment. Foreign Direct Investment (FDI) and trade liberalization have long
regarded as an engine of growth for developing countries. Nevertheless, while researches on the impact of FDI and trade liberalization in Nigerian economy have concentrated heavily on the oil sector, there has been a marked neglect of the Nigeria manufacturing sector. This study proposes to focus on Nigerian manufacturing sector, a country that still struggling to diversify her economy. The study employs primary data to gauge information from the domestic firms in the sector. The data were collected through a questionnaire from 200 firms, which cut across various sub-sector of the manufacturing industry across the country and was analyzed through Structural Equation Model (SEM). The result of the study confirms the fact that changes have occurred more in the area of product branding and packaging by the domestic firms. |
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