Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Stifling Trade Policy, Case of Nigeria and the Infant Industry Argument: A Review Article


Affiliations
1 Josef Korbel School of International Studies, University of Denver, 2201 South Gaylord Street, Denver, United States
2 Metropolitan State University of Denver, Denver, United States
     

   Subscribe/Renew Journal


Nigeria is Africa's largest country by population and one of the continent's largest economies. Still, growth in the West African nation has been mostly fueled by the oil sector, and has proven incredibly unreliable. This paper looks at the implementation of the Infant Industry Argument as a justification for restrictive trade policies in Nigeria, and the negative impacts that those restrictions have had in terms of the diversification of the Nigerian manufacturing economy. The paper looks at relative literature around the topic, as well as data important in understanding the effect of trade restrictions on Nigeria's economy.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Adenikinju, A., Söderling, L., Soludo, C. and Varoudakis, A. (2002), "Manufacturing Competitiveness in Africa: Evidence from Cameroon, Cote d'Ivoire, Nigeria, and Senegal", Economic Development and Cultural Change, Vol. 50(3), pp. 643-665. doi:10.1086/342423
  • Bell, M., Ross-Larson, B. and Westphal, L.E. (1984), "Assessing the Performance of Infant Industries", Journal of Development Economics, Vol. 16(1), pp. 101-128. doi:10.1016/0304-3878(84)90103-2
  • Ezema, B.I. and Ogujiuba, K. (2012), "The Developmental State Debate: Where Is Nigeria?", Journal of Sustainable Development, Vol. 5(1), pp. 100-113. Retrieved from http://search.proquest.com/docview/917631587?accountid=14608
  • Goerg, H. and Labonte, P. (2012), "Trade Protection During The Crisis: Does it Deter Foreign Direct Investment?", The World Economy, Vol. 35(5), pp. 525-544. doi:10.1111/j.1467-9701.2012.01439.x
  • Kaneda, M. (2003), "Policy Designs in a Dynamic Model of Infant Industry Protection", Journal of Development Economics, Vol. 72(1), pp. 91-115. doi:10.1016/S0304- 3878(03)00069-5
  • Melitz, M.J. (2005), "When and How Should Infant Industries be Protected?", Journal of International Economics, Vol. 66(1), pp. 177-196. doi:10.1016/j.jinteco.2004.07.001
  • Miravete, E.J. (2009), "Infant Industry Argument", In the Princeton Encyclopedia of the World Economy. Retrieved from http://0- search.credoreference.com.bianca.penlib.du.edu/content/entry/prewe/infant_industry_a rgument/0
  • Ng, F. and Yeats, A. (1997), "Open Economies Work Better! Did Africa's Protectionist Policies Cause Its Marginalization In World Trade?", World Development, Vol. 25(6), pp. 889-904. doi:10.1016/S0305-750X(97)00011-9
  • Umoh, O.J. and Effiong, E.L. (2013), "Trade Openness and Manufacturing Sector Performance in Nigeria", Margin: The Journal of Applied Economic Research, pp. 147-169. doi:10.1177/0973801013483505
  • Okonjo-Iweala, N. (2012), Reforming the Unreformable: Lessons from Nigeria. Cambridge, Mass: Mit Press.
  • Onakoya, A.B.O., Fasanya, I.O. and Babalola, M.T. (2012), "Trade Openness and Manufacturing Sector Growth: An Empirical Analysis for Nigeria", Mediterranean Journal of Social Sciences, 3(11), 637-646. Retrieved from http://search.proquest.com/docview/1411785496?accountid=14608
  • Oshikoya, T.W. (2008), "Nigeria in the Global Economy", Business Economics, Vol. 43(1), pp. 31-43. Retrieved from http://search.proquest.com/docview/199813969?accountid=14608
  • Panagariya, A. (2004), "Miracles and debacles: In Defence of Trade Openness", The World Economy, Vol. 27(8), pp. 1149-1171. doi:10.1111/j.1467-9701.2004.00650.x
  • Saure, P. (2007), "Revisiting the Infant Industry Argument", Journal of Development Economics, Vol. 84(1), pp. 104-117. doi:10.1016/j.jdeveco.2006.10.001
  • Tamuno, S.O. and Edoumiekumo, S.G. (2012), "Industrialization And Trade Globalization: What Hope for Nigeria?", International Journal of Academic Research in Business and Social Sciences, Vol. 2(6), pp. 157-170. Retrieved from http://search.proquest.com/docview/1440572279?accountid=14608
  • Wright, S. (1998), Nigeria: Struggle for Stability and Status. Boulder, Colo: Westview Press.

Abstract Views: 942

PDF Views: 4




  • Stifling Trade Policy, Case of Nigeria and the Infant Industry Argument: A Review Article

Abstract Views: 942  |  PDF Views: 4

Authors

Camden Bowman
Josef Korbel School of International Studies, University of Denver, 2201 South Gaylord Street, Denver, United States
Kishore G. Kulkarni
Metropolitan State University of Denver, Denver, United States

Abstract


Nigeria is Africa's largest country by population and one of the continent's largest economies. Still, growth in the West African nation has been mostly fueled by the oil sector, and has proven incredibly unreliable. This paper looks at the implementation of the Infant Industry Argument as a justification for restrictive trade policies in Nigeria, and the negative impacts that those restrictions have had in terms of the diversification of the Nigerian manufacturing economy. The paper looks at relative literature around the topic, as well as data important in understanding the effect of trade restrictions on Nigeria's economy.

References





DOI: https://doi.org/10.15410/aijm%2F2015%2Fv4i1%2F59892