Challenges And Opportunities Which Globalization Presents To The Nigerian Economy - SS3 Economics Past Questions and Answers - page 1
What is a key challenge that globalization presents to the Nigerian economy?
Decreased competition
Dependence on exports
Equal distribution of benefits
Reduced environmental concerns
What is an opportunity that globalization presents to the Nigerian economy?
Increased competition from companies based in other countries
Dependence on a single export
Foreign investment
Environmental concerns
What is a challenge that globalization presents to Nigerian businesses?
Increased access to markets
Technological advancements
Increased competition from companies based in other countries
Cultural exchange
What is an opportunity that globalization presents to Nigerian culture?
Increased inequality within Nigeria
Unequal distribution of benefits
Environmental concerns
Cultural exchange
What is a policy that Nigeria can adopt to maximize the benefits of globalization?
Depend solely on oil exports
Ignore technological advancements
Promote sustainable development
Reduce access to markets
List two examples of challenges that globalization presents to the Nigerian economy.
Examples of challenges that globalization presents to the Nigerian economy include increased competition and dependence on exports.
List two examples of opportunities that globalization presents to Nigerian businesses?
Examples of opportunities that globalization presents to Nigerian businesses include increased access to markets and technological advancements.