TRADE LIBERALIZATION AND THE NIGERIAN AUTOMOTIVE INDUSTRY (2000 2011)

  • Type: Project
  • Department: Political Science
  • Project ID: POL0491
  • Access Fee: ₦5,000 ($14)
  • Pages: 126 Pages
  • Format: Microsoft Word
  • Views: 205
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

ABSTRACT 

This paper examined the impact of the new wave of trade openness on the Nigerian automotive industries. We observed that states who adopt trade liberalization policy are required to first of articulate and put in place a sound trade management framework that will serve as both external trade defense mechanism and internal stimulator for industrial global competitiveness, without which their economies will remain a dumping ground for more proactive and industrialized countries. Aside the indigenous auto component firms that recorded a significant growth in investments, production output and technical innovation in spite of the deplorable infrastructures and poor government incentives, we found out that trade liberalization policy implemented in Nigeria in the last decade did not stimulate growth of the automotive sector as witnessed in the Newly Industrialized Countries like China, Malaysia, Brazil, India and South Africa, as its evident that the auto TNCs have either shut down completely or closed most of their production lines. Contrary to the position of most studies that a shift from economic protectionism to free trade will eventually lead to the eclipse of the local industries, we strongly argue that the missing link in the Nigerian trade reform programme is the government poor management of our intereconomic relations and without addressing this inhibiting factor, there cannot be an economic turnaround in Nigeria, even if the government reverts to protectionism. Our study anchored its analysis on the theory of collective interconnectedness and generated data from secondary source and used the qualitative descriptive technique as our method of data analysis. This research focused on providing empirical evidences that satisfactorily answered the following research questions: (a) Did the Nigerian trade liberalization policy implemented between 2000 & 2011 stimulate the growth of the automotive sector? (b) Is there adequate government intervention on the manufacturing structure under the open trade regime (between 2000 and 2011) to promote the global competitiveness of the Nigerian automotive industries? We strongly affirm that unless government resist the pervasive political corruption and hastily and sincerely invested the huge petro-dollar to put in place an adequate infrastructural base, sustained raw material production, pragmatic human capital training, flourishing R&D, and viable sectoral interlink, the Nigerian vision of becoming a Newly Industrialized Country by 2020, in the new era of free trade, remains a mirage.



TABLE OF CONTENTS

Title page- - - - - - - - - - - i

Approval Page- - - - - - - - - - ii

Dedication- - - - - - - - - - - iii

Acknowledgement- - - - - - - - - - iv

Table of Contents- - - - - - - - - - v

List of tables - - - - - - - - - - vii

List of Diagrams - - - - - - - - - - viii

Abstract - - - - - - - - - - - ix

CHAPTER ONE

INTRODUCTION

1.1 Background of the Study - - - - - - - 1

1.2 Statement of the Problem - - - - - - - 9

1.3 Objectives of the Study - - - - - - - 12

1.4 Significance of the Study - - - - - - - 12

CHAPTER TWO

LITERATURE REVIEW

2.1 LITERATURE REVIEW - - - - - - - 14

2.4 Gaps in Literature - - - - - - - - 42

CHAPTER THREE

METHODOLOGY

3.0 Introduction - - - - - - - - - 24

3.1 Theoretical Framework - - - - - - - 24

3.2 Hypotheses - - - - - - - - - 26

3.3 Research Design - - - - - - - - 26

3.4 Methods of Data Collection - - - - - - - 28

3.5 Methods of Data Analysis - - - - - - - 28

CHAPTER FOUR

THE HISTORICAL DEVELOPMENT OF THE Nigerian AUTOMOTIVE INDUSTRY

4.1 The Genesis of the Nigerian Automotive Industry - - - - -31

4.2 Trade policy shifts & the current crisis in the Nigerian auto industry import substitution (1975-1987) - - - -- - - 36

4.3 Oil Glut and Economic Stabilization (1982-1987) - - - - - 39

4.4 Re-adoption of trade liberalization & its impact on the auto sector -- - 44

4.5 Government Divestment Policy (Privatization) - - - - 45

4.6 Emerging Of Indigenous Vehicle and Auto Spare Parts Manufacturers - - 48

4.7 The Entrepreneurial Dynamism of the Nnewi Automotive Investors- - 49

4.8 Growth in Auto Investment and High Capacity Utilization - - - 49

4.9 Growth in Technical Innovation Capacity - - - - - - 51

CHAPTER FIVE

THE EFFECT OF THE TRADE LIBERALIZATION POLICY ON THE GROWTH OF THE NIGERIAN AUTOMOTIVE INDUSTRY

5.1 Open Trade and its impact on the Auto Sector- - - - - 53

5.2 The growth of the auto industry under the open trade regime - - - 55

5.3 Pre-open trade period and evidences of poor auto industrial growth- - 58

5.4 Comparing the effect of free trade on other emerging economies- - - 61

5.5 Poor trade management and the automotive industry crisis- - - - 64

5.6 The tariff system and poor productivity of the Nigerian auto makers- - 65

5.7 Regional weakness of the Nigerian government in influencing the ECOWAS tariff policy- - - - - - - - 69

5.8 Limited Application of WTO Remedial Safeguards Measures for the Revival Collapsing Domestic Industries (Safeguard & Antidumping Tools)- 74

5.9 Undue Delay in the Establishment of a Trade Defense Authority - - - 76

5.10 Lack of Trade Safeguard for the Resuscitation of the Auto Industry - - 77

5.11 Government Failure to Combat Smuggling- - - - - - 79

CHAPTER SIX

THE IMPACT OF MANUFACTURING STRUCTURAL DEFICIENCY ON THE

AUTOMOTIVE SECTOR

6.1 Weak manufacturing structure and low auto sector competitiveness - - 81

6.2 The cost burden of dilapidated infrastructure and poor intersectoral links onthe Auto sector- - - - - - - - 82

6.3 Poor infrastructure and low competitiveness of the auto industry- - - 83

6.4 Weak linkages between the automotive sector and other key sectors:Core raw material industry, R&D and education institutes, banks, policymaking authority, market, port and transport logistics facilities-- - - - - 96

6.5 Limited intersectoral linkages and industrial productivity in the auto sector- 966.6

Infrastructural inadequacy and low investment propensity in the auto sector- 996.7

Poor industrial climate and limited credit access to auto firms- - - 1016.8

Inadequate R&D funding and poor competitiveness of the auto sector- - 1036.9

Low core industry capacity and poor industrial productivity in the auto industry- 110

CHAPTER SEVEN

SUMMARY, CONCLUSION AND RECOMMENDATION

7.1 Summary - - - - - - - - - 112

7.2 Conclusion - - - - - - - - - - 114

7.3 Recommendation- - - - - - - - - 116

BIBLIOGRAPHY - - - - - - - - - 118

TRADE LIBERALIZATION AND THE NIGERIAN AUTOMOTIVE INDUSTRY (2000 2011)
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Political Science
  • Project ID: POL0491
  • Access Fee: ₦5,000 ($14)
  • Pages: 126 Pages
  • Format: Microsoft Word
  • Views: 205
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Political Science
    Project ID POL0491
    Fee ₦5,000 ($14)
    No of Pages 126 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT  This paper examined the impact of the new wave of trade openness on the Nigerian automotive industries. We observed that states who adopt trade liberalization policy are required to first of articulate and put in place a sound trade management framework that will serve as both external trade defense mechanism and internal stimulator for... Continue Reading
    Abstract This study examined the impact of working capital management on the profitability of Nigerian quoted Manufacturing firms. The working capital variables studied comprise accounts payable, accounts receivable, cash conversion cycle, stock/inventory turnover and liquidity. This study also used sales growth and Debt as control variables in... Continue Reading
    TABLE OF CONTENTS Page Title Page Certification ii Dedication iii Acknowledgements iv Abstract v Table of Contents vi CHAPTER ONE: INTRODUCTION 1.1 Background of the Study 1 1.2 Statement of Problem 3 1.3 Aims & Objectives of the Study 4 1.4 Relevant Research Questions 4 1.5 Relevant Research Hypotheses 4 1.6 Significance of the Study 5 1.7 Scope... Continue Reading
    ABSTRACT The study examined the impact of trade liberalization on poverty alleviation in Nigeria, for the period of 1986 - 2016.  (32years). It was established in the study that before the introduction of trade liberation,  trade sector funds were grossly mismanaged, contracts and positions were awarded based on ‘connection’ rather than on... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUD Y The issue of employment is very germane to any economy; this is why one of the main macroeconomic objectives of any country is to attain full employment. The issue of employment is paramount to Africa and Nigeria in particular, where high-level poverty is obvious with rising unemployment... Continue Reading
    TABLE OF CONTENTS Page  Title Page Certification ii Dedication iii Acknowledgementsiv Abstractv Table of Contents vi CHAPTER ONE: INTRODUCTION  1.1Background of the Study1 1.2Statement of Problem3 1.3Aims & Objectives of the Study4 1.4Relevant Research Questions 4 1.5Relevant Research Hypotheses4   1.6Significance of the Study5 1.7Scope of the... Continue Reading
    Abstract The impacts of trade liberalization on Nigeria economic growth 1981-2015, download the full project work with reference and abstract. Impact of trade liberalization and Nigeria economy will cover policies on trade and how it affect economic growth of a nation.The study explores the... Continue Reading
    EFFECTIVENESS OF INCOME TAX FOR HIGHER REVENUE GENERATION IN NIGERIA 2000 to 2011 ABSTACT The study empirically examines the relationship between income tax and its impact on total revenue. In line with the objectives of this study, secondary data were obtained from central bank of Nigeria statistical bulletin and Federal Inland Revenue Service... Continue Reading
    ABSTRACT The study was set to investigate the relationship between GDP and exports earning in Uganda from 20OO~2O11. It was guided by three research objectives which included assessing the trend of earnings, annual gross domestic product and establishing the relationship between the two variables. The study adopted a longitudinal research design... Continue Reading
    ABSTRACT Onchocerciasis is increasingly recognized as one of the major diseases of public health importance in endemic parts of the world, especially in Sub-Saharan, Africa. (WHO 1995). The main purpose of this study is to carry out a statistical analysis of the reported cases of onchocerciasis disease, from 2000-2011. A case study of federal... Continue Reading
    Call Us
    whatsappWhatsApp Us