NIGERIA - 3/23/2010 NIGERIA DistributionofIncome...

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3/23/2010 1 NIGERIA A “DEVELOPING” COUNTRY: Rapid population growth: 160 million people as of 2010 (was 33 million in 1950) Life expectancy at birth: 47 years (216 th in world) Gross Domestic Product Per Capita (PPP): $2,400 –179 th in the world. For comparison: U.S.: 46,400 (11th) U.K.: 35,400 (34th) Russia: 15,200 (73rd) Iran: 12,900 (85th) Distribution of Income % of income earned by lowest 20% Egypt: 9.8% (8 th ) % of income earned by highest 20% Nigeria: 55.7% (21 st ) U.K.: 6.1% (65 th ) U.S.: 5.2% (80 th ) Russia: 4.4% (93 rd ) Nigeria: 4.4% (90th) Russia: 53.7% (24 th ) U.S.: 46.4%: (54 th ) U.K.: 43.2% (72 nd ) Egypt: 39% (97 th ) Infant mortality (deaths per 1,000 live births) Nigeria: 96 (14 th ) Egypt: 29 (79 th ) Russia: 11.1 (149 th ) % of population using adequate sanitation facilities U.K.: 100% U.S.: 100% Egypt: 98% (41 st ) U.S.: 6.4 (179 th ) U.K.: 5.1 (192 nd ) Nigeria: 54% (109 th ) Russia: 98
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3/23/2010 2 Sources of Employment Agriculture (70%) Services (20%) Industry (10%) Foreign Investment 2005 – Nigeria named by Goldman Sachs as one of the N 11 (along with Bangladesh, Egypt, Indonesia, Iran, Mexico, Agricultural workers are poor. Agriculture accounts for only 19% of income Pakistan, South Korea, Turkey, and Vietnam) Significant foreign investment by companies opening back offices. Urban Population U.K.: 90% U.S: 77% Russia: 73% Nigeria: 45% Egypt: 43% Literacy U.S. – 100% U.K. – 100% Russia – 99% Nigeria – 74% of men, 60% of women Demographics Nigeria is 50% Muslim, 30% Christian, 20% traditional religions Egypt – 55% There are hundreds of ethnic groups. Among the largest: Hausa, Igbo, Yoruba, Ethnic map of Nigeria
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3/23/2010 3 4 percent of the population age 15 49 have HIV—in one year alone—2001, nearly one million children orphaned by AIDS—the highest number of any country in the world. 7 percent of the population live on the equivalent of less than $2 a day. 29 percent of children are malnourished WHY ARE SOME COUNTRIES SO POOR? Problems that contribute to Nigeria’s poverty Legacy of colonialism— “Resource curse”—dependence on one product (oil) for 95% of exports Corruption– which is rampant in the developing world especially in extractive economie world, especially in extractive economies Ethnic tension—1967 Civil War over Biafra, continued tension Governmental instability Environmental problems – desertification resulting from deforestation and overgrazing WHY DO SOME COUNTRIES COME TO DOMINATE OTHER COUNTRIES? WHY DO SOME COUNTRIES BECOME DOMINATED BY OTHER COUNTRIES?
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3/23/2010 4 The other “resource curse”–having too much resources “Necessity is the mother of invention.” (Plato) Subsistence economy–w ith rich natural resources, there is little need to be involved in
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This note was uploaded on 11/16/2011 for the course CPO 2001 taught by Professor Beck during the Fall '11 term at Santa Fe College.

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NIGERIA - 3/23/2010 NIGERIA DistributionofIncome...

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