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Comparative Development with Large Endowments of Capital (Oil Revenue) Three Case Studies Nigeria, Iran, Libya

Description: This study is an examination and comparison of the manner in which Nigeria, Iran and Libya used oil revenue for their economic development. The research methodology was the case study approach, utilizing statistical time series data, as well as a historical profile of each country's income and expenditure accounts. As a prelude to the oil injection, the pre-oil revenue economy, the history of the oil industry, and the previously implemented development plans of each of these nations is surveyed… more
Date: December 1983
Creator: Inyang, Eno F.
open access

Foreign Direct Investment and Political Risk

Description: This paper will show that, despite the need for extension of foreign direct investment in the form of multinational corporations to capital-scarce, less developed countries, political risk creates a gap between the demand and supply of foreign investments. In Chapter II, the patterns of foreign direct investment are analyzed. Chapter III reviews the various sources of political risk and concludes that the existence of political risk is an obstacle to the formation of optimum level investment. … more
Date: May 1983
Creator: Bil, Faruk
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