Мухаммед Умар Инува роль транснациональных корпораций

part of the country because if the economy 
is distressed, it will affect domestic in-
vestment and FDI won‘t be attracted [4]. 
For decades, Nigeria has been expe-
riencing disappointing performance in 
terms of economic development. As a re-
sult there is no improvement in terms of 
reduction of poverty level. In the era of 
globalization it is believed by many devel-
oped nations that market openness is the 
only way to solve the problem of under 
development. The essence of globalization 
is to move the economy towards external 
liberation, focusing on market-oriented 
economic system export-led strategy and 
stabilization of the economy. In Nigeria, it 
was the era of structural adjustment pro-
gram in collaboration with the IMF and 
World Bank. The governments in the de-
veloping world believe that it is more de-
sirable to globalize which simply means to 
open up the economy and penetrate the 
international markets (Bokhari and Del 
Duca, 2008).
Discussion 
Nigeria needs massive inflows of 
foreign investment in order to transform 
her economy, to upgrade dilapidated infra-
structure and «plug» on the electronic age 
of computers and the interest. An absolute 
pre conditions for success is the design and 
implementation of policies and measures 
that would have the policy environment 
investment more friendlily (Iyoha, 2000). 
United Nations Conference on Trade and 
Development (UNCTAD, 2019) reported 
that many countries continued policy efforts 
aimed at attracting foreign direct invest-
ment. In 2017, 65 countries and economies 
adopted at least 126 investment policy 
measures, of which 84 % were found favor-
able to investors. Report also indicated that 
there is the need to have modern industrial 
policies to contribute to a sustainable devel-
opment strategy, policy makers need to en-
hance their coherence and synergy with na-
tional and international investment policies 
and other policy need such as social and 
environmental policies and the need for 
safety in term of security [5]. 

---

176