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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Globalisation and Industrial Performance in Nigeria
Author:Onyeonoru, Ifeanyi
Periodical:Africa Development: A Quarterly Journal of CODESRIA (ISSN 0850-3907)
Notes:biblio. refs.
Geographic terms:Nigeria
West Africa
Subjects:global economy
economic policy
Economics and Trade
international relations
Development and Technology
Economics, Commerce
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]