The changing economic world- Nigeria- B Flashcards
(42 cards)
what is an example of a NNE country which is going under rapid economic development?
Nigeria
where is Nigeria located?
- west Africa
- 3x larger than UK
- ‘giant of Africa’
- north of equator
- south coast of Gulf of Guinea
what is the importance of Nigeria in Africa?
- 3rd largest manufacturing sector
- 2014 highest GPD
- largest population (182 million)
- largest farm output
- 19 million cattle
what is the importance of Nigeria globally?
- 12th highest oil producer world wide
- 5th largest contributor to UN peacekeeping around world
what is Nigeria’s political context?
- 1960’s gained indépendance
- civil wars and dictatorships which delayed development
- now stable government
- forgein companies starting to invest i.e Microsoft
what is Nigeria’s cultural context?
- Nollywood films which is enjoyed across the country
- second largest film production in the world
- nigerian teams have won the African cup of nations
how is Nigeria industrial structure changing?
- in 1999 70% were in the primary sector, 10% secondary, tertiary 20%.
- in 2012 40% in primary sector, 30% secondary, 30% tertiary
how has Nigeria’s manufacturing sector helping to boost the economy?
- regular paid work gives propel chance to improve own lives
- many manufactures goods are available fro people to buy
- attracts foreigns companies to establish in Nigeria
what is a transnational corporation (TNC)?
large company that operates in several countries
what is a TNC which works in Nigeria?
shell oil
what are the benefits of shell oil?
- brings jobs
- improves healthcare, education and water supply
- voted best company to work for in 2014 in Nigeria
what are the costs of Shell oil in Nigeria?
- toxic fumes polluting air
- oil theft cost governments + Shell oil billions every year
- poor welfare for staff
- water pollution
- damaged agricultural land
what is emergency/ short term aid?
needed after sudden disasters such as floods
what is charitable aid?
funded by donations from the public through organisations such as OXFAM
what is long term or development aid?
local communities with education and skills for sustainable development
what is multilateral aid?
given through international organisations like the world bank
how does Nigeria benefit from aid?
- nets given and education on Malaria to prevent diseases
- world bank funded loans to start new businesses
- Uk government has funded health and HIV programs
why isn’t aid always beneficial in Nigeria?
what are the effects of economic growth on the environment in Nigeria?
- toxic waste in rivers
- harmful pollutants into open drains
- lung problems form fumes
- waste collection is poor
- 70-80% of forest has been cleared
- oil spills damaging fresh water
what has caused the UK economy to change?
- changes in manufacturing industry
- deindustrialisation
- globalisation
- government poiticcs
what is deindustrialisation and how has it changed the Uk economy?
- the reduction of industrial activity pr capacity in a region or economy
- NEE’s like China opened manufacturing to the world so many moved there
- coal shut down
- ran out of iron
- strict EU laws
what is the UK’s post industrial economy like?
- more service industries
- development in IT
- footloose finance
- research
what is an example of a service job?
teacher
what are the benefits of having more service jobs?
- high skilled/payed jobs
- easier than doing it yourself
