ATTENTION:
BEFORE YOU READ THE CHAPTER ONE OF THE
PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE
TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO
PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN
CALL: 08068231953, 08168759420
The Impact
Of Globalization On Small And Medium Scale Enterprise In Nigeria
ABSTRACT
This study
is on the impact of globalization on small and medium scale enterprises in
Nigeria(1991-2008) we used ordinary least square estimation procedure in
regressing commercial banks loans to SME (s), trade openness, rate of interest
rate and inflation rate on gross domestic product. Our result shows that both
trade openness and interest rate are negatively related while inflation rate
and commercial banks loans are positively related to economic growth in Nigeria
during the study period. Based on these, the governments are advised to
increase loans given to SME’s at a reduced interest rates to encourage the
economy growth of SME’S
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
Globalization remain one of most
controversial issue of our time, its implications range from trade and
investment flow interest economist, to the ease with which we take to people
all over the would, ease of travel, the ease with which we can see and hear
view and event, around the would. The most striking aspect of globalization has
been the growing interdependence of countries resulting from their increased
economic integration via trade, foreign investment, foreign and international
integration of people and ideals made possible by modern electronic
communication. Virtually all countries of the world today are faced with the
realities of increase integration of would trade and capital flows facilitated
by the rapid growth of information technology and the opening up of hitherto
closed societies and economies.
In the world of increasing
globalization, foreign investment and most country government, alike are paying
greater attention to link, between project and local business, many of which
are small and medium scale enterprise, as a way in which large scale investment
can benefit with the investor and local community. Despite the importance of
small and medium scale enterprise to the economies of both developing and
developed countries, they have traditionally had difficulty in obtaining formal
credit or equity. Small and medium scale enterprise are regarded by creditor
and invested as high-risk borrowers because of insufficient assets and low
capitalization vulnerability to marked fluctuation and high mortality rates,
lack of accounting record, inadequate financial statement, as business plan
make it difficult for creators to asses the credit worthiness of potential
small and medium scale enterprise proposal. As a result, commercial banks are
generally biased toward, large corporate borrowers which provide better
business plans more reliable financial information and better chance of success
and high profit for the bank.
When banks do lend to small and
medium scale enterprises, tend to charge premium for assuming risk and apply
tougher screening measure, it driver up cost all sides. Commercial bank often
prefer to lend to the government and the public sectors there is also the
problem of inside texiting and cronyism, which diverts finance away from small
and medium scale enterprise. Leading commercial banks have been particularly
successful in servicing the small and medium scale enterprises marked, and
increase the volume and profitability. Although the business environment in
developing country differs in many respects, the problems of servicing small and
medium scale enterprises customers are similar, namely high perceived risk,
liquidity administrative costs and problem with information asymmetry.
1.2.
STATEMENT OF THE PROBLEM
The Nigeria
economy has continued to present the symptoms of a country in a regressed state
even after about twenty- one years of the inception of SAP, which marked the
formal adoption of economic globalization in Nigeria. Despite policy effect
made since the 1980’s the petroleum sectors continues to account for about 94%
of the country’s total expert value. As a large percentage of foreign direct
investment that comes into the country goes to the extractive industries. The
manufacturing sectors has been on the verge of collapse and contributes about
3% of GDP as Nigeria has being a dumpling ground for all kinds of products
(Orubu and Awepegba 2004, Aluko Akintola), while globalization favour the
banking and financial sectors it’s impact on industry and agriculture is
negative. These sectors are the victims of liberal interest rates, liberates
trade and unstable foreign exchange regimes. Yet they constitute the real and
productive sectors of the economy.
The questions to be addressed by the research
are as follows:
-How can
small and medium scale enterprises in Nigeria be used to facilitate sustained
economic development through it’s we in the global economy process?
- In what ways can the small and medium scale
enterprises sub-sector in Nigeria be
improved to be a major global player in the global economy?
- Does a
Nigeria small and medium scale enterprises stand a chance of benefiting from
globalization?
1.3 OBJECTIVES OF THE STUDY
The main
objectives of this research are to ascertain the impact of globalization on
small aid medium scale enterprises in Nigeria. The specific objectives are:
a. To examine the consequences of
globalization on small and medium scale enterprises in Nigeria.
b. To proffer policy measure from
findings.
c. To examine how small and
medium scale enterprises can become more competitive and possible ways in order
to increase its chances of benefiting from active participation in the global
economy.
1.4 RESEARCH HYPOTHESIS
Hi: There
exist a negative relationship between globalization and small and medium scale
enterprises in Nigeria.
Ho: There
exist a positive relationship between globalization and small and medium scale
enterprises in Nigeria.
1.5 LIMITATION OF THE STUDY
The study was constrained by some
limitation such as data constraints; there was inadequate data such as lack of
information to enable the study to be carried out extensively. Especially on the
internet, where there were a lot of restricted file that needed password to be
able to get through. The constraint by time and financial factors, as both time
and finance to source for information was limited.
1.6 SCOPE OF THE STUDY.
This study
of impact of globalization on small and medium scale enterprises will cover
areas such as globalization and funding arrangement for small and medium scale
enterprises in Nigeria with a view to explore a more sustainable way of credit
delivery to small and medium scale enterprises. The scope spreads across small
and medium scale enterprises business in Nigeria especially those in the
business in textile, soap and detergent making, electronic making and furniture
making. The primary focus of this study is to identify the need to upgrade
small and medium scale enterprises pedigrees in Nigeria to match other players
in the global world and try to identify ways to make small and medium scale
enterprises more viable in Nigeria.
The data used in this study covers a
period of eighteen years (18) (1991-2008). The impact of globalization on small
and medium scale enterprises was analysed using data taken from Central Bank of
Nigeria Statistical Bulletin, National Bureau of Statistics (NBS), Journals,
publications, magazines, and the Federal Budget Office.
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you
will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank
Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
AFFILIATE LINKS:
myeasyproject.com.ng
easyprojectmaterials.com
easyprojectmaterials.net.ng
easyprojectsmaterials.net.ng
easyprojectsmaterial.net.ng
easyprojectmaterial.net.ng
projectmaterials.com.ng
googleprojectsng.blogspot.com
myprojectsng.blogspot.com.ng
https://projectmaterialsng.blogspot.com.ng/
Comments
Post a Comment