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Nigeria is predominantly involved in global value chains at a rudimentary level of commodities extraction and input with minimal manufacturing activities. The document outlines opportunities for Nigeria to increase its participation, such as its large population and natural resources. However, challenges like weak infrastructure, corruption, and inefficient policies have hindered greater involvement. The author argues Nigeria should implement comprehensive infrastructure development, trade liberalization policies, and anti-corruption reforms to facilitate upgrading to higher levels of global value chain participation with more value-adding manufacturing activities.
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Nigeria and trade in gv cs
Global value chains (GVCs) involve the organization of production across several countries. Nigeria participates in GVCs related to electronics and faces environmental challenges from e-waste imports, which lack proper disposal infrastructure. Nigeria also struggles with policies that restrict trade and limit GVC participation, which can boost economic growth. Institutional quality issues like disputes over gas resources negatively impact foreign investment and Nigeria's ability to enhance its role in GVCs.
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A brief on what GVCs are and how they could be beneficial to developing economies and Ghana especially.
Global value chains- A Nigerian Perspective
This document discusses drivers of global value chain (GVC) participation including factor endowments, market size, geography, and institutional quality. It provides context on Nigeria's lower trade as a percentage of GDP compared to other Sub-Saharan countries. Key factors determining Nigeria's trade movement are trade liberalization elsewhere in Africa, infrastructure challenges, and currency fluctuations. The document recommends that Nigeria improve power supply through sector reforms, implement policies promoting GVCs like the African Continental Free Trade Area, and reform ports to drive greater GVC participation.
GLOBALIZATION
Globalization is defined as the increasing integration of economies around the world through cross-border movement of goods, services, technology, and capital. It involves growing economic interdependence and free flow of goods and capital internationally. Key factors driving globalization include advances in technology, transportation, and communication as well as economic cooperation through trade blocs and movement toward free trade policies. While globalization can increase economic growth through access to new markets and resources, it also poses risks such as job losses and threats to local industries from foreign competition.
Transportation and logistics: The Case for Dubai Ports World
The document discusses factors that have contributed to the growth of the global transportation and logistics industry, and how Dubai Ports World has positioned itself to benefit from these changes. It analyzes steps Dubai Ports World has taken to develop logistics hubs and use advanced technology. Finally, it examines threats such as natural disasters, economic risks, and technological issues facing Dubai Ports World, as well as potential legal issues and how they may impact operations.
Globalisation
This document discusses globalization and its impact on India. It defines globalization as the intensification of social relations between distant localities such that events in one place can influence those elsewhere. Forces driving globalization include consumer demand, reduced trade barriers, and advances in technology and competition. Globalization occurs through international trade, foreign direct investment, and financial capital flows. While globalization posed some initial obstacles for India, economic reforms embraced openness and helped sectors like agriculture, industry, finance, and exports. Overall, globalization has generated benefits through increased markets, investments, technology, and cultural exchange, though it also brought challenges adapting to more competitive markets.
Overview of the 2022 Annual Trends and Outlook Report (ATOR)
Overview of the 2022 Annual Trends and Outlook Report (ATOR) International Food Policy Research Institute (IFPRI)
Getaw Tadesse
POLICY SEMINAR
Taking Stock of Africa’s Agrifood Processing Sector
Key findings of the 2022 ReSAKSS Annual Trends and Outlook Report on Agrifood Processing Strategies for Successful Food Systems Transformation in Africa
Co-organized by IFPRI and Akademiya2063
FEB 9, 2023 - 8:00 TO 9:30AM ESTDigital artifact [Final Assignment for Trading for Development in the Age of ...
A proposed solution which can convey how GVCs have changed and are changing the international trade and what policies Nigerian government support to broaden participation in GVCs.
Exim policy
The document summarizes India's EXIM (export-import) policy. Some key points:
1) EXIM policies are provisions related to foreign trade incorporated in the national trade policy and are announced every 5 years. They aim to balance trade and support economic development.
2) The objectives of current 2009-2014 policy include providing access to raw materials to boost growth and making key sectors competitive. It also aims to arrest the declining export trend and provide support to badly affected sectors.
3) The policy outlines import restrictions and provisions around exports/imports including licensing requirements. It also describes various incentive schemes to promote exports, diversify markets, and reduce transaction costs.
Brussels Briefing 47: Dominique Njinkeu "Challenges and successes in impleme...
Brussels Briefing 47: Dominique Njinkeu "Challenges and successes in impleme...Brussels Briefings (brusselsbriefings.net)
The Brussels Development Briefing n.47 on the subject of “Regional Trade in Africa: Drivers, Trends and Opportunities” took place on 3rd February 2017 in Brussels at the ACP Secretariat (Avenue Georges Henri 451, 1200 Brussels) from 09:00 to 13:00. This Briefing was organised by the ACP-EU Technical Centre for Agricultural and Rural Cooperation (CTA), in collaboration with IFPRI, the European Commission / DEVCO, the ACP Secretariat, and CONCORD .Impact of globalisation on business, government and society
• The adoption of western business practice goes beyond commercial issues; political and governmental factors are significant
• The strength of political opinion is such that there is often a large gap between commercial common sense and political necessity
• This is accentuated by the economic and political divide between the urban and rural populations
UNIT-2 LPG.ppt
The document discusses the introduction of liberalization, privatization and globalization (LPG) policies in India in 1991 through the New Economic Policy. It aimed to reduce regulations, open markets to private and foreign players, and ease trade restrictions. This was done to address issues with the public sector like bureaucracy, overstaffing and corruption. It also aimed to improve India's low foreign reserves.
The key aspects of LPG included liberalizing industries, easing price and foreign exchange controls, privatizing state-owned companies, and globalizing trade. While this increased competition, investment and economic growth, it also had risks like exploitation, unequal development and lack of environmental protections.
Mooc final project Sept 2020
This document discusses global value chains (GVCs) in the context of the COVID-19 pandemic. It notes that GVCs account for most world trade but the pandemic exposed vulnerabilities in concentrated supply chains. While some argue GVCs should be dismantled, the document argues this would harm developing economies and global prosperity. Instead, it proposes policies like diversifying suppliers, stress testing supply chains, and public-private cooperation to build more resilient GVCs, ensuring benefits are shared more equally worldwide. Dismantling GVCs risks worsening inequalities and harming stability, so the focus should be on reforming them to address risks revealed by COVID-19.
UB Internation Financial Zone
The document outlines Mongolia's plans to establish an International Financial Zone in Ulaanbaatar to serve as a financial hub for Central Asia. Key points include:
- Ensuring strong investor protections and reducing regulatory burdens to attract foreign investment.
- Using Dubai as a model given similarities between Dubai and Mongolia's heavy reliance on natural resources and geographical isolation.
- Potential economic benefits include diversifying the economy, increasing foreign direct investment, jobs, and tax revenues as seen in Dubai's experience establishing an offshore financial center.
- The region has demand for a secure platform connecting to world markets for trade, infrastructure development, and world-class financial services.
International environment
This document discusses various aspects of globalization and regional economic groupings. It provides information on economic, cultural, political and environmental globalization. It also describes several regional economic organizations including ASEAN, APEC, SAFTA, BIMSTEC and WTO. ASEAN aims to accelerate economic growth and cultural development among its 10 Southeast Asian member nations. SAFTA works to eliminate trade barriers among South Asian countries. BIMSTEC facilitates cooperation among countries in South Asia and Southeast Asia. WTO is the international body that oversees global trade rules and resolves trade disputes. Nepal joined WTO in 2004 and has opportunities to expand trade but also faces threats from more competition.
Chapter 2. international marketing
This document discusses various aspects of international marketing including trade barriers, implications of WTO agreements, and types of economic integration. It outlines tariff and non-tariff barriers to trade. It examines the positive and negative implications of WTO agreements such as TRIPS, TRIMS, and GATS on international marketing. It also analyzes the positive and negative impacts of economic integration in trading blocs.
Similar to Final project onoh (20)
Steps to transitioning Nigeria from commodity to manufacturing GVC participation
Steps to transitioning Nigeria from commodity to manufacturing GVC participation
How GVCs are changing the international trade and what policies Nigeria can s...
How GVCs are changing the international trade and what policies Nigeria can s...
The Changing Phase of GVCs, and International Trade: Ghana's Case.pptx
The Changing Phase of GVCs, and International Trade: Ghana's Case.pptx
Transportation and logistics: The Case for Dubai Ports World
Transportation and logistics: The Case for Dubai Ports World
Overview of the 2022 Annual Trends and Outlook Report (ATOR)
Overview of the 2022 Annual Trends and Outlook Report (ATOR)
Digital artifact [Final Assignment for Trading for Development in the Age of ...
Digital artifact [Final Assignment for Trading for Development in the Age of ...
Brussels Briefing 47: Dominique Njinkeu "Challenges and successes in impleme...
Brussels Briefing 47: Dominique Njinkeu "Challenges and successes in impleme...
Impact of globalisation on business, government and society
Impact of globalisation on business, government and society
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After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
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Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...Labour Market Information Council | Conseil de l’information sur le marché du travail
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.Seminar: Gender Board Diversity through Ownership Networks
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trendsLabour Market Information Council | Conseil de l’information sur le marché du travail
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
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Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Labour Market Information Council | Conseil de l’information sur le marché du travail
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.1：1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
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SWAIAP Fraud Risk Mitigation Prof Oyedokun.pptx
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Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
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- 1. Nigeria’s involvement in Global Value Chains (GVCs) Status, opportunities, challenges and policy implications Ikenna Onoh
- 2. Outline • Introduction • Levels and pattern of GVC involvement in Nigeria • Opportunities for increased participation • Challenges • Policy implications • Conclusion
- 3. Introduction A global value chain breaks up the production process across countries. Firms specialize in a specific task and do not produce the whole product
- 4. Introduction • Types of GVC participation • Commodities • Limited manufacturing • Advanced manufacturing and services • Innovative activities
- 5. Levels and pattern of GVC involvement in Nigeria Nigeria is predominantly involved in GVC activities at the rudimentary level of commodities extraction and input with minimal manufacturing activities
- 6. Levels and pattern of GVC involvement in Nigeria • Reflected in the import and export data • Top imports: machinery, chemicals, transport equipment, manufactured goods, food and live animals. Mostly end use products • Top exports: petroleum and petroleum products (95%), cocoa, rubber. Minimal value added
- 7. Opportunities for increased GVC participation • Low-skilled young population (key to limited manufacturing) • Large market size (Large population size in additional to regional integration, ECOWAS and AU) • Geography (Multiple access to the sea through ports) • Political stability (democracy for >20 years) • Abundant natural resources • Preexisting/developing special economic zones
- 8. Challenges • Weak infrastructure (low internet penetration, poor road network, erratic power supply) • Procedural inefficiencies (prolonged customs clearance time, low score on ease of doing business) • Low trust due to corruption (impairs ability to attract foreign direct investments) • Absent/poorly implemented policies
- 9. Policy implications • Long term economy wide intersectoral development plan (with increasing GVC participation incorporated as a deliberate tool) • Comprehensive infrastructure development framework/roadmap in collaboration with neighboring and developed countries, and the private sector • Greater support for trade liberalization (ECOWAS, AfCFTA) • Commitment to anti-corruption reforms • Guidelines to streamline operational inefficiencies (eg at the ports)
- 10. Conclusion • Nigeria presently operates with the GVC as an exporter of commodities with very limited manufacturing • There are however factors in favor of upgrading to higher levels with more value adding activities • There are clear policy actions to facilitate this