Insustainability of Market Economy in Nigeria: Engineering Infrastructure as the Missing Link
| Autor: | Abiodun Ojemakinde, Jonathan U. Elimimian, Frank A. Dimowo |
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| Rok vydání: | 2005 |
| Předmět: |
Upstream (petroleum industry)
Economic production Industrial production Science and engineering Geography Planning and Development Management Monitoring Policy and Law Development Natural resource Commerce Capital (economics) Secondary sector of the economy Economics Industrial organization Dependency (project management) |
| Zdroj: | Journal of Transnational Management Development. 9:3-12 |
| ISSN: | 1068-6061 |
| DOI: | 10.1300/j130v09n04_02 |
| Popis: | Viable science and engineering infrastructure enable a country to respond promptly and efficiently to economic production needs and in ensuring the adequate provision of her consumer demands. It has been suggested in this article that Nigeria's capacity and capability to produce the required industrial machinery, component parts and therefore, consumer products are inadequate. The inadequacy is primarily a factor of the missing link between industrial sectors and engineering infrastructure, coupled with imports dependency nature of the country. Besides, downstream processing, meant to provide consumer and industrial products, is not readily available in Nigeria, due to the lack of synergy between natural resources and upstream processing capacity and capability. Finally, as a result of the imports dependence on capital and intermediate goods by the Industrial sector, there is a very weak link between the traditional and modern industrial sectors in Nigeria. This dualistic form of the economy is i... |
| Databáze: | OpenAIRE |
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