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Foreign Direct Investment And The Development Of Small And Medium Enterprises
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1.3 OBJECTIVE OF THE STUDY
The main objective of this study is to examine foreign direct
investment and the development of SMEs in Enugu state. But to aid the
effective completion of the study, the researcher intends to achieve the
following specific objective;
i) To examine whether Foreign Direct Investment undermined the development of SMEs in Enugu state, 2007-2017.
ii)
To examine whether the Enugu state government provided an enabling
environment for the development of SMEs in the state, 2007-2017.
1.4 RESEARCH QUESTIONS
The following research hypotheses were formulated to aid the completion of the study;
i) Did Foreign Direct Investment undermine the development of SMEs in Enugu state, 2007-2017?
ii)
Did the Enugu state government provide an enabling environment for the
development of SMEs in the state, 2007-2017?
1.5 RESEARCH HYPOTHESES
The following hypotheses were formulated to proffer answers to the research questions;
1. Foreign Direct Investment undermined the development of SMEs in Enugu state, 2007-2017.
2. Enugu state government provided an enabling environment for the development of SMEs in the state, 2007-2017.
1.6 SIGNIFICANCE OF THE STUDY
It is believed that at the completion of the study, the findings will
be of great importance to the Enugu state economic planning committee as
the study seek to explore the merit of FDI and the merit if any on the
growth of SMEs in the state, the study will also be useful to the
management of Enugu state investment and development committee as the
study will help them formulate policies that will attract FDI to the
state. The study will also be useful to researchers who intend to embark
on a study in a similar topic as the findings of the study will serve
as a reference point for further study. Finally, the study will also be
useful to academia’s, researchers, students, teachers and the general
public as the study will contribute to knowledge and the pool of
existing literature.
1.7 SCOPE AND LIMITATION OF THE STUDY
The scope of the study covers foreign direct investment and the
development of small and medium scale enterprise in Enugu state,
2007-2017, but in the cause of the study, there were some factors which
militate against the scope of the study;
a) Availability of Research
Material: The research material available to the researcher is
insufficient, thereby limiting the study.
b) Time: The time
frame allocated to the study does not enhance wider coverage as the
researcher has to combine other academic activities and examinations
with the study.
1.8 DEFINITION OF TERMS
Foreign Direct Investment
A
foreign direct investment is an investment in the form of a controlling
ownership in a business in one country by an entity based in another
country. It is thus distinguished from a foreign portfolio investment by
a notion of direct control.
Productivity
Productivity is an
economic measure of output per unit of input. Inputs include labor and
capital, while output is typically measured in revenues and other gross
domestic product (GDP) components such as business inventories.
Small Medium Enterprises
The Central Bank of Nigeria defines small and medium enterprises in Nigeria according to asset base and number of staff employed
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