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(Unpublished)
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Conference or Workshop Item
(Paper)
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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.
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Uncontrolled Keywords: Keywords: Manufacturing Industry Competitiveness; Socio-cultural factors; FDI inflows; Nigeria. |
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Depositing User:
Augustus Osseo-Asare Jr
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Date Deposited: 22 Jan 2016 11:20 |
Last Modified: 03 Jun 2025 15:13 |