OPERATIONS, PROBLEMS AND PROSPECTS OF NIGERIAN-INDIAN JOINT VENTURES IN NIGERIA.
OPERATIONS, PROBLEMS AND PROSPECTS OF NIGERIAN-INDIAN JOINT VENTURES IN NIGERIA.
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Date
1985-09
Authors
ONOKU, IKUKAIWE BRIDGET
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Abstract
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ABSTRACT
Prior to the Nigerian Fnterpriscs Decrees of 1972 and
1977 most businesses in the country were owned, managed
and controlled by foreigners. The indigentsation decrees
sort to promote indigenous ownership and control of enterprises.
Thus today joint ventures are the only moans by
which foreigners can invest in Nigeria.
Most developing countries encourage direct foreign
investment not so much for the provision of finance which
in certain cases nay he crucial but for the provision and
possible dissemination of technology and technical skills
necessary for economic development. Infact, it is currently
thought that most of the capital involved in direct foreign
investment is got from reinvestments of profits and local
savings so that the most portant gain accruing to the
less developed c untrics from direct foreign investment is
technology transfer. Technologies from the developed
countries have often been said to be unsuitable for the
factor endowments of the less developed ones. This is
because technology being human ability to handle factors of
production is heavily influenced by the socioeconomic
environment for which is produced and can not be transferred
wholesale to completely different environments to raise
production and welfare.
It is in this sense that technologies from the more
developled of the developing countries which have undergone
some adaptation and modification become significant. India
being one of such more developed third world countries, this
study is undertaken to examine the impact on the Nigerian
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economy of Nigerian-Indian joint ventures by way of:
I) transfer of technological skills,
2) use of local raw materials,
3) provision of employment opportunities,
4) promotion of entrepreneurship,
5) provision of acceptable goods and services,
all of which are objectives of the manufacturing sector
in the fourth National Development Plan. It is hoped
that this study will be of use to more detailed studies
of the operations of joint ventures from other developing
countries. Such studies aimed at accessing their impact
on economic development and thus their desirability should
pay special attention to the factor endowments of the
country.
Description
A PROJECT SUBMITTED TO THE POSTGRADUATE
SCHOOL, AHMADU BELLO UNIVERSITY ZARIA, IN
PARTIAL FULFILMENT OP THE REQUIREMENTS FOR
AN AWARD OP THE DEGREE OP MASTER OP BUSINESS
ADMINISTRATION (M.B.A.)
Keywords
OPERATIONS,, PROBLEMS,, PROSPECTS,, NIGERIAN-INDIAN,, JOINT VENTURES,, NIGERIA.