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Multinational and Transnational Activities in the Global Economy: Implications for Socio-Economic Development in Nigeria

Authors: Ojo Olawole

Publication Type: Journal article

Journal: International Journal Of Economics, Business And Management Research

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Abstract

In this contemporary era of Globalization, it is very impossible for a state to be an island especially when we want to explain the relationship between and among state from the liberal perspective. This is why states across the globe relate in terms of trade most especially among all other things. The activities of the transnational actors are now seen as one which helps the super power in achieving a winning goal at all cost as they operate in the developing economies. The paper argued that the transnational actors created an uncondusive atmosphere within the politics to perpetrate their act within the political system for their personal gain. Therefore, the paper seeks to juxtapose the activities of the multinational and transnational actors in the global economy in relation to the development of the third world countries. The paper adopted a qualitative research design making use of the descriptive method. It relied mainly on secondary sources of information and adopted content analysis in the analysis of data collected. The paper was anchored on two theoretical models of understanding relations among states such as the international dependency model and the linear stages of growth model. The paper found out that the impact of the transnationals actors activities in the socio-economic system development have been minimal in comparison with the gains they had made within the system. It was seen in the environmental degradation and inability of the host society to sustain a maintenance culture in the eco-system amongst others. The paper then recommended an improved investment climate for all kinds of capital, domestic as well as the foreign.

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Ojo,O. . (2020). Multinational and Transnational Activities in the Global Economy: Implications for Socio-Economic Development in Nigeria, 7 (), 95-95.

Ojo,O. . "Multinational and Transnational Activities in the Global Economy: Implications for Socio-Economic Development in Nigeria" 7, no (), (2020): 95-95.

Ojo,O. and . (2020). Multinational and Transnational Activities in the Global Economy: Implications for Socio-Economic Development in Nigeria, 7 (), pp95-95.

OjoO, . Multinational and Transnational Activities in the Global Economy: Implications for Socio-Economic Development in Nigeria. 2020, 7 ():95-95.

Ojo,Olawole , . "Multinational and Transnational Activities in the Global Economy: Implications for Socio-Economic Development in Nigeria", 7 . (2020) : 95-95.

O.Olawole , "Multinational and Transnational Activities in the Global Economy: Implications for Socio-Economic Development in Nigeria" vol.7, no., pp. 95-95, 2020.

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