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Periodical article | Leiden University catalogue | WorldCat |
Title: | Globalisation and Industrial Performance in Nigeria |
Author: | Onyeonoru, Ifeanyi |
Year: | 2003 |
Periodical: | Africa Development: A Quarterly Journal of CODESRIA (ISSN 0850-3907) |
Volume: | 28 |
Issue: | 3-4 |
Pages: | 36-66 |
Language: | English |
Notes: | biblio. refs. |
Geographic terms: | Nigeria West Africa |
Subjects: | global economy industry economic policy Economics and Trade international relations Development and Technology Economics, Commerce globalization industrial productivity Structural adjustment programmes |
External link: | https://www.jstor.org/stable/24482694 |
Abstract: | This paper examines the impact of the neoliberal globalization of African economies of the 1980s and 1990s on industrial performance in Nigeria. Evidence from the study indicates that, contrary to claims by the World Bank, the economic performance of firms in the manufacturing sector during the globalization period in the study was adversely affected by the process. The study confirms the position that the globalization project, that aims at the structural economic transformation of modern capitalist relations in Africa, is associated with a process of deindustrialization. On the basis of conclusions from the study, the author highlights lessons for African countries - the need to be critical in the implementation of the IMF/World Bank open-economy and the 'hands off' market-driven, noninterventionist development model premised on Adam Smith's 'invisible hand'. Bibliogr., sum. in English and French. [Journal abstract] |