THE IMPACT OF FOREIGN LOAN ND FOREIGN INVESTMENT ON THE NIGERIA ECONOMY (A CASE STUDY OF FIRST BANK OF NIGERIA PLC, IBADAN)

CHAPTER ONE  

 
INTRODUCTION

1.0    BACKGROUND OF THE STUDY 


In a word where nation are unequally endowed with human natural, financial resources, a high degree of interdependent do exist. No nation can therefore operate as an Island for survival may be impossible. This interpendent is so vital that it cuts across ideological and potential political lines. Hence we see, for instance trade between the Eastern and Western blocks despite their strong ideological differences.        

1.1       STATEMENT OF PROBLEM 


Owing to such inequalities and independence, there is a constant flow of international resources from one country to another, particularly from surplus to deficit areas. There resources are transferred through many methods that sis foreign loans and investments both of which bring about economic development if well directed and utilized.   

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INFLUENCE OF MEDIA GLOBALIZATION ON THE CULTURE OF WARRI IN DELTA STATE TABLE OF CONTENTS

Advancements in communication technologies, particularly media technologies have altered the notion of distance in communication thereby bringing about the global village concept proposed by Marshall McLuhan in the 1960s. This erosion of boundaries has created crosscultural exchanges between and among cultures, thereby creating new patterns of doing things or eroding existing cultural values within a given cultural boundary. This study examines the influence of media globalization on the culture of Warri in Delta State. It employed the survey method of research, using a sample of three hundred (300) respondents who were purposively chosen from the Warri metropolis in Delta State. The research involved an examination of secondary data to generate data and assumptions for the study. Findings from the study reveals that media globalization has the capacity of destroying the African culture and that foreign cultures are dominating the local cultures of Warri as a result of media globalization effects. Also, the decay in morals in the area of study was also traced to the adverse effects of media globalization.
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