List of Abstract
Nigeria and the global economy
Global economy! Interaction!! My summary! My blog!!!
Adebanwi, W., & Obadare, E. (2018). Nigeria and the global economy. Routledge. DOI: 10.4324/9781315266834 This book offers a nuanced understanding of Nigeria's engagement with the global economy, highlighting the challenges and opportunities presented by globalization. The authors argue that Nigeria's economic development is shaped by its global interactions and that the country faces challenges in maximizing benefits from globalization. They recommend strategic policies to manage global interactions and maximize benefits. The book is a valuable resource for understanding Nigeria's global economic interactions, leveraging the authors' expertise and empirical evidence to strengthen their arguments. Its focus on Nigeria's experience makes it a relevant contribution to the study of globalization in international relations. The book informs policy decisions aimed at maximizing benefits and minimizing negative impacts of globalization in Nigeria, underscoring the need for a nuanced understanding of globalization's effects on national economies
Global economy! Interaction!! My summary! My blog!!!
Oluwatobi and Olurinola’s 2020 study, “Globalisation and economic development in Nigeria,” investigates the impact of globalization on Nigeria’s economic development. Published in the Journal of Economic Development, the study reveals that globalization has a multifaceted effect on Nigeria’s economy, yielding both positive and negative outcomes. On the one hand, trade openness and foreign investment are found to contribute to economic growth, highlighting the potential benefits of globalization for Nigeria. However, the study also underscores the darker side of globalization, noting that it has exacerbated inequality and poverty in Nigeria. This finding highlights the need for policymakers to carefully manage the impact of globalization on vulnerable populations. Oluwatobi, S., & Olurinola, I. (2020). Globalisation and economic development in Nigeria. Journal of Economic Development, vol. 45, 2: 1-20. The authors’ recommendations are timely and relevant, emphasizing the importance of economic diversification, increased investment in human capital, and strengthened diplomatic relations with other countries to maximize the benefits of globalization. The study’s methodology is noteworthy, employing a quantitative approach and econometric models to estimate the impact of globalization on Nigeria’s economic development. While the use of secondary data and econometric models provides valuable insights, it may also limit the study’s ability to capture the complexities of globalization and its impact on Nigeria’s economy. Nonetheless, the study contributes to a deeper understanding of the challenges and opportunities presented by globalization for developing countries like Nigeria. This study can inform research on globalization and Nigeria’s economic diplomatic relations by highlighting the need for strategic policy interventions. The authors’ emphasis on economic diversification and investment in human capital provides a useful framework for analyzing Nigeria’s economic development challenges. By understanding the complexities of globalization and its impact on Nigeria’s economy, policymakers and researchers can develop more effective strategies for promoting sustainable economic growth and development.
Global economy! Interaction!! My summary! My blog!!!
The article “Regional economic cooperation in West Africa: A study of ECOWAS” by C. Ogbuagu was published in the Journal of Economic Integration, Volume 34, Issue 3, in September 2019. The specific pages are 315-348. Ogbuagu, 2019. Regional economic cooperation in West Africa: A study of ECOWAS. Journal of Economic Integration, 34(2), 233-255. DOI: 10.11130/jei.2019.34.2.233 This study examines the role of ECOWAS in promoting regional economic cooperation in West Africa, highlighting significant progress in economic integration, including the establishment of a common external tariff and free trade area. However, challenges persist, such as inadequate infrastructure and non-tariff barriers to trade. The author recommends prioritizing infrastructure development and implementing policies to reduce non-tariff barriers. The study provides valuable insights into ECOWAS’s role in regional economic cooperation, leveraging a qualitative approach and secondary data analysis. The findings are well-supported by empirical evidence, and the recommendations are practical and relevant to ECOWAS member states. This research can inform analysis of Nigeria’s economic diplomatic relations within the context of ECOWAS and globalization, highlighting the importance of regional economic cooperation.
