EFFECT OF INTERNATIONAL TRADE ON ECONOMIC DEVELOPMENT OF NIGERIA
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Author
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Department of Administration
ABSTRACT
PLEASE NOTE:
In this research project effort has been made to see the effect of international trade on the economic development of Nigeria. In recent
years, the inflow of foreign direct Investment and Intra-Nigeria investment by foreign investor and indigenous respectively has witnessed many retrogressive changes especially in the area of manufacturing and other enterprising requiring large capital base. The researcher undertook this investigation to properly find out the causes of these unfavorable changes in Nigeria.
International trade is triggered by a nations insufficiency and the need for economic and technological advancements. International trade brings nations together in a global environment for exchange of wealth knowledge and has lead to rapid
change in standards of living. Economists were prominent in the fight for recognition that the causes and consequences of inter nations domestic trade but saw it in a different light.
A favourable investment climate naturally attracts. Inflow of foreign direct investment. The contribution of international trade activities to a host country cannot not be over emphasized therefore every tiling reasonably possible should be done to encourage and sustain existing investment and attract more. Nigeria stands to gain more than loss, if the country industrialists rapidly and positively
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