Manufacturing Industry Competitiveness: the impact of socio-cultural factors on FDI inflows to Nigeria since 2000

Ifeanyi, Michael E., Osseo-Asare, Augustus E. and Origho, Oghenetega (2015) Manufacturing Industry Competitiveness: the impact of socio-cultural factors on FDI inflows to Nigeria since 2000. In: Academy of International Business (AIB) US-W Conference, 22-25 October 2015, University of Washington, Seattle, Washington, USA. (Unpublished)

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Abstract

The level of investment is a key driver in helping Multinational enterprises (MNEs) face the challenges of today’s fast and dynamic 21st Century global business environment. Prior studies reveal a significant decline in manufacturing industry output and its contribution to gross domestic product (GDP) in Nigeria since the mid-1970s. We use Dunning’s foreign direct investment (FDI) motives as basis for examining the impact of socio-cultural factors on FDI inflows to the Nigerian manufacturing industry since 2000. Between 2011 and 2015, we carried out a Questionnaire Survey of 925 respondents in Nigeria. The data analysis reveals that since 2000, the lack of a coherent and consistent ‘child protection mechanisms’ coupled with the lack of ‘consensus building on individual security matters’ led to a significant decline in FDI inflows to the Nigerian manufacturing sector. A key limitation of this study is the fact that, it does not critically address the strategic impact of the current Boko Haram insurgence in Nigeria; as such an area for further research would use Qualitative methods to examine the impact of child protection, gender inequality and ethnic tensions on FDI into the Nigerian manufacturing industry.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Keywords: Manufacturing Industry Competitiveness; Socio-cultural factors; FDI inflows; Nigeria.
Subjects: Business and Management > International Business
Divisions: International Centre for Research in Innovation, Sustainability and Entrepreneurship
Related URLs:
Depositing User: Augustus Osseo-Asare Jr
Date Deposited: 22 Jan 2016 11:20
Last Modified: 09 Mar 2017 16:13
URI: http://sure.sunderland.ac.uk/id/eprint/5885

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