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Essay / Research Paper Abstract
The 17 page paper examines the business environment within Nigeria from an economic perspective. The first part of the paper discusses the presence of hidden assumptions and price rigidities in the economy. The second part of the paper processes the position of the Nigerian economy in 2010 compared to previous performance measures. The third part of the paper assesses the suitability of the different economic policies that are being pursued, and the last part of the paper looks at the way in which the country may be viewed using country risk analysis. The bibliography cites 12 sources.
Page Count:
17 pages (~225 words per page)
File: TS14_TEnigeriacase.rtf
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Unformatted sample text from the term paper:
assumptions and price rigidities and cause some inefficacies in the way that government policies develop in reaction to the economic progress. There are some assumptions that are seen
within economics in general concerning the way that development takes place. There are assumption that as the GDP increases there will be an increase in the well being of the
citizens, with the ability to improve factors conditions associated with economic development that further support it, such as increasing health support and education so that workers are more attractive to
employers and will be attractive to potential FDI sources. However, the problem is that the assumptions regarding economic patterns of development may not always be true for countries that
may be seen as resource rich. Nigeria is one of these countries, as seen, over the years has relied heavily on the production of oil. While development has taken place,
the first indication that the development expected has not taken place is that increase in the population being greater than the increase in the GDP. However, this alone is not
the only place where the assumption may be misleading the assessment of the economy. Collier (2008) examines the impact that available resources have on the economic development of a
country. While recognising that some rare countries, such as Saudi Arabia have access to resources that have allowed the country to escape the usual model of economic development, the ability
to achieve economic development can remain a problem is for the resource rich poor nations, where there is the resource curse. This is explained with the concept of the Dutch
Disease, a phenomena which causes the countries country to appreciate as a direct result of its resource exports, holding back the development of other industries needed for economic development due
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