In an attempt to correct the imbalances created by the preferred investor's ability to influence government regulatory policy, corporations may engage in corrupt practices through the use of bribes, kickbacks and other inducements. These gifts are at times considered as necessary in some climates. However the exposure of these practices is a public relations disaster for many companies. In addition to a sullied image, there is also the possibility of legal sanctions arising out of the situation.
The local environment can deteriorate to the point where the country moves from political and economic instability to social instability which places workers at risk. This decline may occur rapidly and without sufficient warning. In Nigeria and the Philippines foreign workers come under threat frequently from kidnappers and terrorists; and often there is the loss of life (Ekeinde, 2007; Frynas 1998; Investment Risk, 2007). The loss of life represents the supreme risk that can be faced in any jurisdiction.
The immediate concern of investors is a return on their investment. While there are opportunities in unstable countries to make a sizable return on capital invested, the attendant risks are equally sizable. These risks...
Nigeria is one of the largest economies in Africa, with a GDP of $414 billion, ranking it 31st in the world (CIA World Factbook, 2012). Nigeria also has tremendous human capital with 170 million people, the 7th-highest in the world. Despite the wealth that comes to the country from its oil reserves, economic growth in Nigeria is hampered by both corruption and a dearth of infrastructure. There are many areas
Nigeria Market Entry Strategy Somebody's Mother's Chocolate Sauce, LLC Export opportunity for ginger and cocoa Somebody's Mother's Chocolate Sauce, LLC is manufacturer and processor of cocoa located in Houston, TX with gross annual sales of approximately $700,000 per year (Manta, 2010). The fluctuating costs of cocoa and the introduction of a new ginger-based product have prompted the company to seek export opportunities in Nigeria to vertically integrate its sources of cocoa and
Yet, Kay Weller speaks of geography as "concerned with spatial differentiation," which is to say that anyone who is going to understand the problem from a geographical perspective must look at Nigeria's human geography -- in other words, Nigeria's regions. Weller goes on to state that "ethnic geography is important to an overall understanding of Nigerian human geography. One definition of an ethnic group is that of a group of
Few if any of the militant groups in Nigeria using the weapons have the means to obtain these weapons directly; instead, they are typically purchased by otherwise legitimate Nigerian businessmen from illicit manufacturers and distributors and traded for oil "bunkered" (stolen) by the groups themselves (Keili 2008). Nigeria and other countries in the region placed bans on the importing, exporting, or manufacturing of most small arms and weapons within
Nigeria faces a number of obstacles to becoming a modernized state. The country is currently ranked 32nd in the world in GDP, but 182nd in GDP per capita (CIA World Factbook, 2011). These figures are inflated by oil revenues that most of the country's people never see, as 70% of the population lives below the poverty line and the country ranks 147th in gross fixed investment and 183rd in education
" Also 48 winners of the Nobel Prize (in Europe and the West) urged that there be a new election because the evidence of fraud was so blatant. I know you are aware of the fact that the European Parliament passed a resolution that urged the European Union of nations to stop sending financial aid to Nigeria "...until fresh elections are held." One of our most prominent political scientists -
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