China's Economic Growth Driven Reform Strategies 1978 - 2010: Any lessons for Nigeria?
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Date
2014
Authors
Iwuagwu, O
Journal Title
Journal ISSN
Volume Title
Publisher
University of Lagos Press, Akoka
Abstract
China's rapid economic transformation over the past thirty years has come as a surprise to many considering the previous condition of the country. This has resulted mainly from China's open door policy, adopted in 1978, thus facilitating massive inflow of foreign direct investments (FDJ) into its manufacturing sector. China's manufacturing sector continues to churn out complex export products that have created an unprecedented export-led growth. China's experience, especially when compared with other developing economies, is exemplary. This is unlike Nigeria's resource-driven economy, where even the meagre FD1 that comes in is channelled into the oil industry, while manufacturing production receives limited attention. The article the lessons that Nigeria could learn from China in view of the similarities between the two countries
Description
Journal Articles
Keywords
China , Manufacturing Sector , Foreign Direct Investments , Oil Industry , Research Subject Categories::SOCIAL SCIENCES::Social sciences
Citation
Iwuagwu, O (2014). China's Economic Growth Driven Reform Strategies 1978 - 2010: Any lessons for Nigeria? . Unilag Journal of Humanities, Vol.2(1), 90-112p.