GLOBALIZATION, CAPITAL MARKET AND ECONOMIC DEVELOPMENT IN NIGERIA

Journal of Governance and Regulation

关键词: Globalization;    Capital Market;    Economic Performance;    Nigeria;   

DOI  :  10.22495/jgr_v4_i4_p6

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

This article examines the economic integration caused by globalization and effect of capital market in Nigeria context. It establishes the type of relationship and level of significance of globalization and capital market on the economic development. Globalization concept is framed as import plus export divided by growth ratio. The capital market was determined in terms of proxy (by GDP) by price index. The growth ratio assessed the level of development using econometric model. The results suggest that sound economic reform and financial policies are necessary to achieve sustainable development in Nigeria. However, there is need to increase exports, reduce imports and control exchange rate for Nigeria to achieve sustainable economic development.

【 授权许可】

CC BY-NC