call girls in Sant Nagar (DELHI) π >ΰΌ9953056974 π genuine Escort Service πβοΈβοΈ
Β
Nigeria and trade in gv cs
1. Nigeria and Trade in GVCs
Final Project - Trading for Development in the Age of Global Value
Chains - WDR 2020
Pirmah Rimdans, Jos Nigeria
20/09/2020
2. What Iβve learned about GVCs
β’ Global Value Chains (GVCs) refer to the organization of production
processes between several firms across several countries, in the creation of
specialized goods and services with the stages spread between each
partner. GVCs are strongly interdependent as each stage is a critical
component which if affected, impacts the whole chain.
β’ It is a form of globalized trade that has led to innovations in technology and
service provision.
β’ GVCs increase economic activity, and expand patterns of production across
more locations thus promoting trade. This can have both positive and
negative effects on the environment, economy, and well being of the
people of a country.
β’ Country policies and infrastructure can either enhance or limit their
participation in GVCs.
3. Nigeria in Focus: GVCs and the Environment
β’ Many GVCs specialize in technological products
such as phones, laptops and other consumer
electronics.
β’ The waste that is generated by such devices known
as e-waste is a major environmental challenge that
GVCs contribute to.
β’ Nigeria has seen the import of numerous
shipments of e-waste which enter the country due
to poor oversight and policies. This is more
hazardous to public health and safety due to the
lack of infrastructure to adequately deal with such
waste through recycling or repurposing.
β’ More international cooperation is needed to tackle
this issue, with appropriate taxes on responsible
firms that can be distributed to mitigate some of
the effects on the wider society.
4. Nigeria in Focus: GVCs and Policy
β’ Policies affect countries participation in GVCs.
Some believe that restricting trade or other
protectionist policies such as subsidies can
improve domestic manufacturing industries. This
however cannot be proven to boost domestic
competitiveness.
β’ Nigeriaβs borders have been closed since October
2019 in a bid to prevent smuggling of illegal
goods and weapons which are threats to
domestic producers and general security.
β’ Such policies may have negative effects on
Nigeriaβs participation in GVCs where open trade
can have numerous benefits for economic
growth.
5. Nigeria in Focus: Institutional Quality and
GVCs
GVCs are a major means of attracting foreign direct
investment in a country.
This is affected by issues such as political stability, and
a well regulated and efficient business climate among
other factors.
Nigeria has faced several challenges to the quality of
its institutional frameworks. A case in point is the
ongoing dispute with a private firm over the
development and exploitation of gas resources in the
country. While the case is currently in Arbitration such
incidents negatively affect investor perceptions and
can serve as a hurdle to enhancing GVC participation.
6. Conclusion
β’ These are just a few of the things observed in my country as applied
from the many things learnt in duration of this course.
β’ While GVCs have been affected by escalation of trade disputes
between China and the US, as well as the Corona Virus Pandemic,
there is no doubt that it is a form of production that creates
numerous opportunities for countries and firms that participate in
them.
