The Impact of Globalization on Foreign Direct Investment in Nigeria
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DEVELOPMENT INFORMATION NETWORK
Abstract
Description
The globalization index released yearly, especially by A. T
Kearney has become a very important measure of
globalization for most countries of the world. Methodology of
these indices includes economic variables which include
Foreign Direct investment and Trade. We take a look at the
index to see how Nigeria is faring in its efforts to attract
Foreign Direct Investment to the countly and discover that
the efforts are not yielding fruits. As it is, the world is
becoming more globalized at faster rate than Nigeria is
opening up. This discove1y suggest that the count1y would
need to open up at a greater pace in order to attract the
quantum of Foreign direct investment that would assist in
developing the count1y at the required growth rate. Apart
from this the obstacles that can prevent this are briefly
discussed.
Keywords
H Social Sciences (General)