§5.4 Opportunities and threats for Nigeria part 2

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§5.4 Kansen en bedreigingen voor Nigeria

§5.4 Opportunities and threats for Nigeria part 2

Today

1. Throwback
2. Learning Objectives
3. Notes: foreign investments
   
4. Notes: Help from abroad
5. Homework
6. End

Sleep het begrip naar de juiste uitleg

Export

Free world trade

Import

Import duties

Delivery of products and services to another country. 

When products enter a country

Taxes on products imported into a country

Trading system where all countries in the world can trade with each other

Two statements:
Statement 1: when highly educated people go abroad, it is only a good thing
Statement 2: the braingain is when highly educated people leave Nigeria Which statement(s) are/is correct?

1. Both statements are good
2. Both statements are wrong
3. Statement 1 is wrong, Statement 2 is right
4. Statement 2 is right, Statement 1 is wrong

Objectives of the lesson

After this lesson:

• Can you list the different types of help for Nigeria
• Can explain in your own words the advantages and disadvantages of foreign investment
• Explain why aid from other countries does not always work
  

Foreign investments

Advantages?

Disadvantages?

Foreign investors:

Advantages:

• They have money
• Experience of setting up a business
• Knowledge and modern technology

Foreign investment

Disadvantages:

• Investor wants to make money for itself
  
• Abusing corrupt government
• Taking advantage of bad conditions in Nigeria (environment, wage levels, working hours, safety)
• Competition for Nigerian companies

Support from abroad

Two types of support:

Structural aid: aid that is permanent

Emergency aid: aid in cases of famines, floods etc.

Support from abroad#2

Bilateral aid: Aid given directly from one country to another.

Multilateral aid: Aid that is distributed to various countries through international organizations.

Non-governmental organization (NGO)

Emergency aid

Why is just giving money not always working? 

Why can emergency aid also fail sometimes?

Homework part 2

Read §5.4

From § 5.4, make assignments 5, 6bcef, 7 (Foreign investment) and 8 (Income)