Effect of Structural Constraints, Weak Institutional and Technical Capacities on the Rate of Globalization in a Developing Economy (Nigeria Inclusive)


Authors : Frances Nwamaka Madu; Ann Ogbo; Audu Tanimu

Volume/Issue : Volume 8 - 2023, Issue 1 - January

Google Scholar : https://bit.ly/3IIfn9N

Scribd : https://bit.ly/3lqU9XR

DOI : https://doi.org/10.5281/zenodo.8265018

There are various political, economic, social, and cultural factors, limiting individual decision-making ability. It can also be seen as restrictions imposed on the institution limiting their decision-making ability or their ability to generate and distribute income. Poverty had been a great hindrance to reaching the MDGs by 2015, introducing the decline in the economic and social development of the world’s poorest countries as the greatest challenge facing the global society. Another set of challenges relates to the delayed transition to the demographic structure which has become a great concern to the public and private investable resources. The aforementioned constraints ranging from a weak institution and technical capabilities to limited knowledge based on these shortfalls have been identified with poor leadership, lack of proper infrastructure, Bad health facilities, poor investment climate, poor financial sector, bad governance, and amongst others. The African Leaders should learn from the experiences of east and south Asia, and other successful countries on the continents.

Keywords : Conflict, Globalization, Investment Climate, Millennium Development Goals.

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