The Study of International Trade and Poverty Reduction: Case Study of Nigeria

The Study of International Trade
and Poverty Reduction: A case
Study of Nigeria

Table of Contents
TOPIC - The Study of International Trade and Poverty Reduction: A Case Study of Nigeria.......1
SECTION 1: INTRODUCTION OF RESEARCH.........................................................................1
SECTION 2: BACKGROUND AND RELEVANT RESOURCES...............................................2
Background to the research....................................................................................................2
Identify the relevant issues.....................................................................................................3
Aim of the research................................................................................................................3
Research objectives................................................................................................................4
Research questions.................................................................................................................4
Justification for the investigation...........................................................................................4
Research focus in the relevant business disciplines...............................................................4
SECTION 3: PEER REVIEWED LITERATURE.........................................................................5
Review of relevant theories....................................................................................................5
Concept of international trade................................................................................................7
Measures by which poverty level of Nigeria can be minimized............................................8
Role of international trade in reducing poverty of Nigeria....................................................9
Implications of the literature..................................................................................................9
SECTION 4: CRITICAL ANALYSIS.........................................................................................10
Critical Analysis of a Text....................................................................................................10
SECTION 5: BIBLIOGRAPHY...................................................................................................13

TOPIC - The Study of International Trade and Poverty Reduction: A Case
Study of Nigeria.
SECTION 1: INTRODUCTION OF RESEARCH
International trade is being considered as exchange of services, goods, capital and so on
across the territories or nations. These exchanges basically, shows significance on gross domestic
product (GDP). There are a range of factors like the economy, government policies, judicial
system, currency, markets, laws, etc. influence the trade. Along with this, Nigeria's poverty is
continuously rising which has impacted negatively on overall GDP rate of this country.
Basically, this took place because there are a range of factors that impacted negatively people's
performance and raised unemployment rates as well. These are high cost of education, corruption
by government, unemployment (at large scale), over population (lack of planning), farming for
survival, high cost of living and more. Nigeria is Africa's biggest oil producer and among the
largest in world but most of its people subsist on less than 722.00 Naira a day (Anyanwu, 2014).
The oil is produced in the south-east and some militant groups there want to keep a
greater share of the wealth which comes from under their feet. Attacks by militants on oil
installations led to a sharp fall in Nigeria's output during the last decade. But in 2010, a
government exemption led thousands of fighters to lay down their weapons. This increased
poverty and led most of citizens of Nigeria to go through a number of problems at workplace.
Based on the analysis, it can easily be said that Nigeria would require to make alterations as per
the requirements. In order to do this, international would require to improve profit margins as
well.
The population of Nigeria is moderate by count, and it is around 96,34,79,880.60
Nigerian Naira. The GDP of the nation is not too high and it is around 13,57,39,39,71,00,000.00
Nigerian Naira, which is very low. In the history of Nigeria, highest GDP was counted in year
2014 and it was around 20,53,59,25,50,00,000.00 Nigerian Naira, but with time it went down. As
comparing to South Africa the GDP of Nigeria is higher but GDP per capita is very low, the
GDP per capita of South Africa is around 22,25,538.03 Nigerian Naira, where as the GDP per
capita of Nigeria is around 7,10,900.64 Nigerian Naira (Asche and et. al., 2015). This all
happened because in 2010, due to some governmental issues and problems, thousands of their
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