Case study of LIC/NEE - section b Flashcards
Where is Nigeria found
Western parts of Africa on the Gulf of New Guinea, West of Benin and South of Niger
What is the global importance of Nigeria
Nigeria is a NEE
In 2014 it became the worlds 21st largest economy and is predicted by 2050 to be in the top 20
12th largest producer of oil, much of recent economic growth is based on money made from oil.
Predicted to have the highest GDP growth for 2010-15-
5th largest contributor to UN peacekeeping around the world
How has politics shaped development?
in 1960’s many African countries gained independence from European nations, short term is lead to civil war and dictatorship, in long term it resulted in free and fair elections- stable government- resulted in foreign companies starting to invest
Social context of Nigeria
Nigeria is a multi ethnic and multi faith. Diversity is a strength but also a weakness- 1960’s civil war
Economic inequality between North and South led to ethnic and religious tensions
Cultural context of Nigeria
Own music and Cinema called ‘Nollywood’
2nd largest film production industry in the world
Nigerian football teams have won the African cup of nations 3 times and several Nigerians have played in the premier league
How has manufacturing industry stimulated economic development
A primary production drop of 30% shows how the country is developing to convert raw materials into products. A rise in tertiary sector could suggest that there is an increase in trade and their economy is becoming more commercial this provided more jobs- manufacturing
What is the tertiary sector
Commercial services that support the production and distribution process eg- transport, advertising and teaching- shows an increase in education
What does TNC stand for
transnational corporations, and its when a company operates in more than one country
Role of TNC’s in relation to industrial development
Regular paid work gives people a secure income to improve their own lives, the tax in the country increases therefore the country can afford to develop.
Many of the manufactured goods are available for people to buy
Attracts other foreign companies to establish and invest in Nigeria- creates more jobs, more factories= more skilled work force
Investment in infrastructure eg- new roads
Why do TNC’s often have factories in LIC’s
The labour is cheaper
Advantages of TNC’s in the host country
Creation of jobs
Stable income- more reliable than farming
improved education and skills
a better developed economic base for the country
Disadvantages of TNS’s in the host country
poor working conditions
damage to the environment by ignoring local laws
much of the profit goes to companies overseas rather than locals
factories are often footloose and if labour costs increase they could move somewhere else
over exploit natural resources
What does footloose mean
An industry that can be placed and located at any location without effect from factors such as resources, services or transport. Often make use of technology to make them so mobile
What types of aid are there
Emergency or short term aid
Charitable aid
Long term or development aid
Multilateral aid
Emergency or short term aid
Needed after sudden disasters such as the 2000 Mozambique floods or the 2004 Asian Tsunami