FDI and Economic Growth: Evidence from Nigeria By Adeolu B. Ayanwale Department of Agricultural Economics Obafemi Awolowo University Ole-Ife‚ Nigeria AERC Research Paper 165 African Economic Research Consortium‚ Nairobi April 2007 THIS RESEARCH STUDY was supported by a grant from the African Economic Research Consortium. The findings‚ opinions and recommendations are those of the author‚ however‚ and do not necessarily reflect the views of the Consortium‚ its individual members or the
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Every country has it own culture‚ and every culture has their own way of communicating; therefore‚ growing up as a Yoruba in a Nigerian household (Africa) is not an exception. As a Nigerian living in Canada‚ it is a mix of culture for me but‚ I will say I am more of the Nigerian culture than the Canadian because of the household I live. According to Hall theory‚ “high–context cultures prefer to use the high-context message in which very little is provided in the coded‚ explicit‚ transmitted part
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Structural Adjustment Programs: The Impact on Nigerians Abstract Word Count: 8‚590 Nigeria’s economy for many decades thrived under agricultural exports until the government shifted its focus to crude oil exports. The repercussion of abandoning this sector was later felt in the early 1980s when the world crude oil prices fell and the production quota of Nigeria to the Organization of the Petroleum Exporting Countries (OPEC) dipped. This made the government incur debts which led to balance of payment
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The Impact of Technology on Our Lives: Technology surrounds almost every aspect of our lives today. It is responsible for the revolution in the fields of manufacturing‚ agriculture‚ medicine‚ communication‚ education‚ information‚ transportation‚ finance and more. The astounding development of technology has drastically changed the lifestyle of people in society. The progress of technology can have both good and bad implications. In many ways‚ it simplifies life and has beneficial effects on
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The society we live in is completely integrated with technology‚ we are surrounded by and we live on technology. One of the definitions of “technology” given by Webster’s Third New International Dictionary is “the totality of the means employed by a people to provide itself with the objects of material culture”‚ and as a matter of fact‚ almost every little work we do can be considered technology dependent. Today we are all identified with the technological device we are carrying‚ which must be up
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With the proliferation of technologies that are able to overcome the obstacles of time and space (e.g.‚ airplanes‚ cars‚ the Internet)‚ one would think that these tools would be used to gain an understanding of other cultures‚ meet people all over the world‚ maintain and strengthen familial relationships‚ communicate effectively with others‚ and help people to become more socially adept. However‚ some technological advances cause people to be distracted‚ overly stressed‚ and increasingly isolated
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Impact The unprecedented advancement in materialistic technology is setting consistently a wall of high mental affluence-which is inhibiting the parameters to show up in road to development.The rapid advancement in technology is directly proportional to the proliferating population of our very planet.People taking assistance of modern technology is significantly increasing at the moment.Now‚we have already entered the era where electricity is indispensible.To live a normal life in modern days‚the
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Technology has had an outstanding effect on traditional cultures through out the world over the last century. The development of technology due to the globalisation has a major impact on the world especially it has changed the traditional culture and methods of communication‚ transportation and education. Different types of technologies are used for various reasons in day to day life. The developments of technology break up the international limits and open up a new path to culture altering globalization
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market based economic system needs political institutions supportive of the free market concept. Thus Nigeria‚ like any other nation‚ has been involved in political engineering partly to achieve this goal. Like many other African economies‚ the Nigerian economy has been mixed. However‚ the level of government participation has been reducing in line with globalisation trend and market base resource rationalisation concept. In this spirit‚ the Federal Government sold its shares in many firms and
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Technology‚ mainly computers and video games‚ have made a vast difference in our society. Many years ago there were not very many forms of technology that existed. People often used type writers‚ went‚ dancing‚ did puzzle‚ and played board games for entertainment. Nowadays‚ the use of computers has become extremely popular. If an individual is not using a computer for some form on entertainment‚ they are most likely using it for something along the lines of school or work. Technology has gone from
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