CONTRIBUTION OF SHIPPING INDUSTRY TO THE DEVELOPMENT OF NIGERIA ECONOMY
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CONTRIBUTION OF SHIPPING INDUSTRY TO THE DEVELOPMENT OF NIGERIA ECONOMY
CONTRIBUTION OF SHIPPING INDUSTRY TO THE DEVELOPMENT OF NIGERIA ECONOMY
BACKGROUND
Shipping has for a long time been recognized as one of the strong
catalysts for socio-economic development. Back in 1776, Adams Smith
noted that ’’A business working in a country town without links to the
outside world can never achieve high levels of efficiency because its
small market will limit the degree of specialization”. Because
distances, it has since the ancient times been at the fore front of
opening up of the world and thus a major driver in of the process of
globalization. Shipping, especially container shipping has been both a
cause and effect of globalization. Container shipping could lay claim to
being the world’s first truly global industry. In fact container
shipping could claim to be the industry which, more than any other,
makes it possible for truly global economy to work, it connects
countries, markets, business and people, allowing them to buy and sell
on a scale not previously possible. It is now impossible to imagine
world’s trade, and ultimately our lives as consumers, without container
shipping. Shipping has led to a phenomenal growth in world merchandise
trade, which has consistently grown faster than output. In 2006, goods
loaded at ports worldwide are estimated at 7.42billion tonnes, up from
5.98 billion tonnes 2000. The value of total world export increased from
US$6,454 billion in 2002 to US$40,393 billion in 2005 representing an
increase of 64 per cent.
1.1 Table of Contents
CHAPTER ONE: INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Purpose of the Study
1.4 Significance of the Study
1.5 Research Questions
1.6 Delimitations of the Study
1.7 Limitation of the study
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.1 Review of Related Literature
2.3 Empirical Studies
2.3 Theoretical Framework
CHAPTER THREE: RESEARCH METHOD
3.1 Introduction
3.2 Area of the Study
3.3 Research Design
3.4 Population of the Study
3.5 Sample and Sampling Technique
3.6 Research Instrument
3.7 Validation of the Instrument
3.8 Data Collection Technique
3.9 Data Analysis Technique
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS
AND DISCUSSION
4.1 Introduction
4.2 Data Presentation
4.3 Discussion of Findings
CHAPTER FIVE: SUMMARY, CONCLUSION AND
RECOMMENDATIONS
5.1 Introduction
5.1 Restatement of the Problem
5.2 Summary of Findings
5.3 Conclusion
5.4 Recommendations
5.5 Suggestions for Further Research
References
Appendix
CONTRIBUTION OF SHIPPING INDUSTRY TO THE DEVELOPMENT OF NIGERIA ECONOMY
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Shipping has for a long time been recognized as one of the strong catalysts for socio-economic development. Back in 1776, Adams Smith noted that ’’A business working in a country town without links to the outside world can never achieve high levels of efficiency because its small market will limit the degree of specialization”. Because distances, it has since the ancient times been at the fore front of opening up of the world and thus a major driver in of the process of globalization. Shipping, especially container shipping has been both a cause and effect of globalization. Container shipping could lay claim to being the world’s first truly global industry. In fact container shipping could claim to be the industry which, more than any other, makes it possible for truly global economy to work, it connects countries, markets, business and people, allowing them to buy and sell on a scale not previously possible. It is now impossible to imagine world’s trade, and ultimately our lives as consumers, without container shipping. Shipping has led to a phenomenal growth in world merchandise trade, which has consistently grown faster than output. In 2006, goods loaded at ports worldwide are estimated at 7.42billion tonnes, up from 5.98 billion tonnes 2000. The value of total world export increased from US$6,454 billion in 2002 to US$40,393 billion in 2005 representing an increase of 64 per cent... nautical science project topics
CONTRIBUTION OF SHIPPING INDUSTRY TO THE DEVELOPMENT OF NIGERIA ECONOMY