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International relations IR or international affairs IA , also known as international studies IS , global studies GS , or global affairs GA , is the study of politics , economics and law on a global level. Depending on the academic institution, it is either a field of political science , an interdisciplinary academic field similar to global studies , or an independent academic discipline that examines social science and humanities in an international context. In all cases, international relations is concerned with the relationships between political entities polities —such as sovereign states , inter-governmental organizations IGOs , international non-governmental organizations INGOs , other non-governmental organizations NGOs , and multinational corporations MNCs —and the wider world-systems produced by this interaction. International relations is both an academic and a public policy field, and so can be positive and normative , because it analyses and formulates the foreign policy of a given state. As a political activity, international relations dates from at least the time of Greek historian Thucydides c. The scope of international relations encompasses issues such as globalization , diplomatic relations , state sovereignty , international security , ecological sustainability , nuclear proliferation , nationalism , economic development , global finance , terrorism , and human rights. Studies of international relations start thousands of years ago; Barry Buzan and Richard Little consider the interaction of ancient Sumerian city-states, starting in 3, BC , as the first fully-fledged international system. The history of international relations is generally traced back to the Peace of Westphalia of in Europe, a stepping stone in the development of the modern state system. During the preceding Middle Ages , European organization of political authority was based on a vaguely hierarchical religious order. Contrary to popular belief, Westphalia still embodied layered systems of sovereignty, especially within the Holy Roman Empire. Dissertation Fdi Impact on Chinese BanksJoin. happens: Dissertation Fdi Impact on Chinese Banks
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Real gross domestic product was used as the indices for economic growth and the dependent variable, while oil foreign direct investment, interest rate and exchange rate as explanatory variables, the study examine the effect that oil Foreign Direct Investment FDI had on Real Gross Domestic product.
THE IMPACT OF OIL FOREIGN DIRECT INVESTMENT ON THE ECONOMIC GROWTH IN NIGERIA
The regression model was used to analyse the data for a ten-year period of oil FDI. Result showed that Foreign Direct Investment FDI in the oil sector accounted for significant growth in Nigerian economy for the period under study. It was concluded that there is a heavy reliance of the Nigerian economy on oil; therefore the need for the government to forge viable partnership in this sector in order to make sustainable contributions towards the diversification of business activities away from the oil sector. If you need assistance with writing your essay, our professional essay writing service is here to help! Over the years, Nigeria has been controlling her economy through variation in her stock of money.
2.0 Definitions and Concepts
Consequent upon the effect of the collapse of oil price in and the B. P deficit experienced during this period, various methods of stabilization ranging from fiscal to monetary policies were used. Interest rates were fixed and these were said to be beneficial to big borrower farmers Ojo Ikhide and Alawode while evaluating the effect of Structural Adjustment Programme SAP concluded that reducing money stock through increased interest rates would lower gross National product.
Thus, the notion that stock of money varies with economic activities applies to the Nigerian economy Laidler The output development and other economic growth process via interest rate deregulation in the Nigerian economy calls for considerable test of the validity of Friedman and Mieselman work on the Nigerian economy. The implication of the stability of the relationship between money and economic growth will show the effectiveness of monetary policy following the conventional Hicksian IS-LM analysis.
LIST OF ACRONYMS
Interest rate reform, a policy under financial sector liberalisation, was to achieve efficiency in the financial sector and engendering financial deepening. In Nigeria, Dissetration sector reforms began with the deregulation of interest rates in August Ikhide and Alawode, Prior to Dissertation Fdi Impact on Chinese Banks period, the financial system operated under financial regulation and interest rates were said to be repressed. According to McKinnon and Shawfinancial repression arises mostly when a country imposes ceiling on deposit and lending nominal interest rates at a low level relative to read article. The resulting low or negative interest rates discourage saving mobilisation and channelling of the mobilised savings through the financial system.
This has a negative impact on the quantity and quality of investment and hence economic growth. Therefore, the expectation of interest rate reform was that it would encourage domestic savings and make loan able funds available in the banking institutions. Dissertaion critical question, therefore, is whether real interest rates have any positive effect on economic growth in Nigeria.]
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