Financialisation, Capital Accumulation and Economic Development in Nigeria

Financialisation, Capital Accumulation and Economic Development in Nigeria PDF Author: Ejike Udeogu
Publisher: Cambridge Scholars Publishing
ISBN: 1527522733
Category : Political Science
Languages : en
Pages : 198

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Book Description
The inadequacies of many past studies that have tried to highlight the causes of the persistent underdevelopment in developing countries—such as Nigeria—have been noted to derive mainly from the focus and, in some cases, the methodologies adopted by the researchers. It has been suggested that, although many researchers recognize the inability to reproduce sufficient profit as undermining the capitalist accumulation process (and as a result the development of an economy), they have nevertheless often tended to ignore the importance of the political-economic arrangement and historical factors in the formation of expectations about the rate of profit. Indeed, in some cases, they have failed to provide a substantive account of these critical variables. This book highlights how the inherent contradictions of the contemporary political-economic arrangement and some historical factors undermined the peculiar capital accumulation processes in Nigeria, which, in turn, has slowed economic development in the country. This book contributes to the field of Nigeria studies by filling gaps that exist in both theoretical and empirical literature on growth and development in the country, deviating from the orthodox approach of analysing the nation’s problems purely based on the factors internal to the country and by imposing ready-made theoretical logics on history. Rather, it studies Nigeria’s problems in juxtaposition with the world system and imposes historical evidence on theoretical logics. This book represents a good resource for both undergraduate and postgraduate courses on area studies. Researchers and policy-makers will also find it useful as a reference.

Financialisation, Capital Accumulation and Economic Development in Nigeria

Financialisation, Capital Accumulation and Economic Development in Nigeria PDF Author: Ejike Udeogu
Publisher: Cambridge Scholars Publishing
ISBN: 1527522733
Category : Political Science
Languages : en
Pages : 198

Get Book Here

Book Description
The inadequacies of many past studies that have tried to highlight the causes of the persistent underdevelopment in developing countries—such as Nigeria—have been noted to derive mainly from the focus and, in some cases, the methodologies adopted by the researchers. It has been suggested that, although many researchers recognize the inability to reproduce sufficient profit as undermining the capitalist accumulation process (and as a result the development of an economy), they have nevertheless often tended to ignore the importance of the political-economic arrangement and historical factors in the formation of expectations about the rate of profit. Indeed, in some cases, they have failed to provide a substantive account of these critical variables. This book highlights how the inherent contradictions of the contemporary political-economic arrangement and some historical factors undermined the peculiar capital accumulation processes in Nigeria, which, in turn, has slowed economic development in the country. This book contributes to the field of Nigeria studies by filling gaps that exist in both theoretical and empirical literature on growth and development in the country, deviating from the orthodox approach of analysing the nation’s problems purely based on the factors internal to the country and by imposing ready-made theoretical logics on history. Rather, it studies Nigeria’s problems in juxtaposition with the world system and imposes historical evidence on theoretical logics. This book represents a good resource for both undergraduate and postgraduate courses on area studies. Researchers and policy-makers will also find it useful as a reference.

Capital Accumulation and Economic Development in Nigeria

Capital Accumulation and Economic Development in Nigeria PDF Author: Michael Baghebo
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659216237
Category :
Languages : en
Pages : 352

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Book Description
Aggregate Economic performance in Nigeria for the past three decades had been poor and disappointing in contrast to the robust economic performance of other developing countries. For instance Nigeria's Real Per capita GDP in 1995 was 260 dollars almost the same as it was in 1972 despite huge investment in the private and public sectors of the economy while the Real Per capita GDP OF South Korea was 3,890 dollars in 1995. Nigerians are poorer today than they were in the 1960's and 1970.s. The study disaggregated capital accumulation into public, foreign and domestic private and empirically measure their impact on economic development and advise policy makers the sector to play leading role in the development process The study use time series data. Group unit root test was carried to ascertain the stationary status of the data in order to avoid spurious regression result. Co-integration and ECM test was also carried out. The result shows a significant positive contribution of Foreign private and positive but insignificant contribution of public and domestic private capital to economic development. The public, private sectors, undergraduate and graduate students are the target.

Socio-economic Development in Nigeria

Socio-economic Development in Nigeria PDF Author: Gesiye S. Angaye
Publisher:
ISBN:
Category : Manpower
Languages : en
Pages : 176

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Financialisation, Capital Accumulation and Economic Development

Financialisation, Capital Accumulation and Economic Development PDF Author: Ejike Udeogu
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


Capital Accumulation and Technology Transfer

Capital Accumulation and Technology Transfer PDF Author: D. Babatunde Thomas
Publisher: Greenwood
ISBN: 9780275287719
Category : Business & Economics
Languages : en
Pages : 188

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Book Description
Revised thesis on the role of capital formation, savings and investment in increasing the capacity of Nigerian manufacturing for utilization of technology transfer - analyses processes of technological change in manufacturing, and covers indigenous choice of technology, ' learning by doing' (self help), etc. Bibliography pp. 147 to 152, references and statistical tables.

Capital Accumulation and Economic Growth in Developing Africa

Capital Accumulation and Economic Growth in Developing Africa PDF Author: Petr Ivanovich Polʹshikov
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 216

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Book Description


Development Economics and Planning in Nigeria

Development Economics and Planning in Nigeria PDF Author: Ekpung Edame
Publisher: Harmony
ISBN:
Category : Business & Economics
Languages : en
Pages : 312

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Book Description


Foundations of an African Economy

Foundations of an African Economy PDF Author: Ojetunji Aboyade
Publisher: New York : Praeger
ISBN:
Category : Investments
Languages : en
Pages : 392

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Book Description
Nigeria. Investment and its influence on economic growth. National level economic planning, the conflict of centralization versus decentralization, and social change. References. Bibliography pp. 291 to 366.

Capital and the State in Nigeria

Capital and the State in Nigeria PDF Author: John Ohiorhenuan
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
Since achieving independence in 1960, Nigeria has suffered through a civil war, the overthrow of elected governments in repeated military coups, and severe economic crises. This study looks at the country's economic development under these conditions and in light of Nigeria's status as a Third World nation with an economy largely dependent on foreign capital and international markets. Focusing on state economic policy, Ohiorhenuan assesses Nigeria's development as a dependent capitalist economy under military rule and identifies both the factors that promote this type of development and those that constrain it. After describing the country's current economic state, Ohiorhenuan discusses the relationship between economic dependency and capitalist development in Nigeria and then considers the economic policies of successive military regimes. Specific topics include the military's capital accumulation program and management of the economy, the restructuring of property rights, the critical role of Nigeria's oil surplus, and the government's attempts to control the organized working class. In a study of two types of collaboration between the state and transnational capital, Ohiorhenuan explores the limitations on direct governmental accumulation of capital. This systematic and incisive examination of Nigeria's political economy is a significant contribution to the understanding of Third World development processes. This book is a useful resource for policy research, studies or classes dealing with modern Africa, with Third World development, and international political economy.

Economic Growth, Capital Accumulation, and Technological Progress :: Nigeria

Economic Growth, Capital Accumulation, and Technological Progress :: Nigeria PDF Author: Enwere Dike
Publisher:
ISBN:
Category :
Languages : en
Pages : 321

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Book Description