Econ FINAL part 7

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Author:
kyle.coughlin
ID:
187117
Filename:
Econ FINAL part 7
Updated:
2012-12-07 18:41:13
Tags:
Econ FINAL part
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Econ FINAL part 7
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  1. Nigeria & Mexico similarities
    • oil producers
    • big populations
    • big international debt
    • history of macro problems
  2. Mexico has grown faster over long run because....
    • faster stronger reforms
    • better government
    • more attractive for foreign investors
  3. Nigerian History
    • 250 ethnic group
    • Islamic traders brought literacy to north
    • south stayed more isolated,┬átrade with Europe via the sea, growth of Christianity
  4. Oil boom benefits
    • large revenue from being a member of OPEC
    • spent money on infrastructure, rebuilding, education
  5. Oil boom problems
    • corruption
    • too dependent upon oil exports
  6. Nigeria & US relationship
    • US buys 40% of Nigerian oil
    • US is nigeria's largest trading partner
    • Nigeria helped US during 1970s oil embargo by Arabs
    • lots of Nigerians came to US

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