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Multinational Corporation in Nigeria: Shell Petroleum Development Company - Coursework Example

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Running head: Multinational Corporation in Nigeria   Multinational Corporation in Nigeria: Shell Petroleum Development Company Insert Name          Insert Grade Course Insert 27th March 2012 Multinational Corporation in Nigeria: Shell Petroleum Development Company Introduction Multinational enterprises (MNEs) are corporate enterprises that produce goods or deliver services in more than one country…
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Download file to see previous pages MNEs have immense investments in host countries, but they lack harmonized product offering in every host country. The MNEs pay keen attention to tailoring their goods and services to match the individual local market demands. MNEs are hailed for their immense contribution towards economic globalization. The distinctive character of this occurrence is the increase in number of nations taking part in the world economic integration. This level of integration is achieved via three main channels: international capital movements, international exchange of knowledge and technology, and most importantly, through international trade. Motivation for choice to discuss Shell Petroleum Development Company (SPDC) as an MNE in Nigeria Shell Petroleum Development Company (SPDC) is a subsidiary company of a multinational company (Royal Dutch Shell plc), which is headquartered in The Hague, Netherlands. SPDC is the leading fossil fuel producing company in Nigeria. The MNE first started its oil exploration business at an oil field in the Niger Delta in the year 1956, and its first export was in the year 1958. Primarily, SPDC explores and produces crude oil, liquefied natural gas, and other oil products. Like any other oil company, SPDC influences the Nigerian economy both in the positive and negative sense (Ozoigbo & Chukuezi, 2010). The economical and environmental effects accompanying the operations of an MNE such as SPDC cannot be divorced from each other. The effects have a way of interlocking. For instance, oil exploration and production has impacted the livelihood of the citizens residing in the oil producing regions of Niger Delta, Ijaw, and Ogoni. Contrary to the expectation that the oil in Nigeria would rank the country among the world’s wealthiest countries, Nigeria continues to struggle in the ranks of Africa’s poorest nations (Ozoigbo & Chukuezi, 2010). This paper will discuss the impact of an SPDC to the economy of Nigeria. Impacts of SPDC on the economy of Nigeria Multinational’s impact on the economy of a country can never be overemphasized. Least developed countries (LDCs) aim at meeting two main goals of securing an accelerated economic development and better living standards for their people. The contact between developed countries (DCs) and LDCs has afforded the LDCs an opportunity to realize these goals (Taylor, 1983, p.158). Nigeria, being a LDC, has immensely benefited from its partnership with DCs, which have set up MNEs in the country. This partnership between SPDC and the Nigerian government has impacted on her economy both positively and negatively. These impacts are split into two broad subheadings as discussed hereunder. The negative Impacts of SPDC on the Economy of Nigeria The entry of SPDC and other MNEs into the Nigerian market has been occasioned by the open market policy embraced by Nigeria. According to this policy, Nigeria allows free entry to foreign MNEs who bring in capital, technical skills, and entrepreneurship without restrictions. Such an economy has further accelerated industrial development in the West African country (Taylor, 1983, p.158). The exploitative nature of MNEs confers a negative influence on the economy of the host country. The entry of SPDC has wrought the economy in various ways. This section will focus on the discussion of the negative effects of SPDC to the Nigerian econ ...Download file to see next pagesRead More
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