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Economic Diplomacy was used as a an instrument of foreign policy execution in Nigeria with the aim of achieving national development. This study, while using the political economy approach therefore, investigated the institutional outcomes of this instrument in areas of debt management, Gross Domestic Product (GDP employment, and external reserves. Secondary sources of data which include publications of Central Bank of Nigeria, Africa Peer Review Mechanism country report and press reports were used to critically analyse the observed institituional outcomes of economic diplomacy. Economic diplomacy resulted in reduced debts, increases in the nation’s GDP, and external reserves. However, the level of poverty and unemployment was not positively affected by economic diplomacy. This study therefore recommends that subsequent employment of economic diplomacy should be targeted at the substantial improvements of the peoples’ socio-economic status.
Fasunwon Adebayo Folorunso. 2015. \u201cA Critical Analysis of the Insitutional Outcomes of Nigerias Economic Diplomacy\u201d. Global Journal of Human-Social Science - F: Political Science GJHSS-F Volume 15 (GJHSS Volume 15 Issue F1): .
Crossref Journal DOI 10.17406/GJHSS
Print ISSN 0975-587X
e-ISSN 2249-460X
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Total Score: 101
Country: Nigeria
Subject: Global Journal of Human-Social Science - F: Political Science
Authors: Fasunwon Adebayo Folorunso (PhD/Dr. count: 0)
View Count (all-time): 185
Total Views (Real + Logic): 4474
Total Downloads (simulated): 2265
Publish Date: 2015 02, Sat
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Economic Diplomacy was used as a an instrument of foreign policy execution in Nigeria with the aim of achieving national development. This study, while using the political economy approach therefore, investigated the institutional outcomes of this instrument in areas of debt management, Gross Domestic Product (GDP employment, and external reserves. Secondary sources of data which include publications of Central Bank of Nigeria, Africa Peer Review Mechanism country report and press reports were used to critically analyse the observed institituional outcomes of economic diplomacy. Economic diplomacy resulted in reduced debts, increases in the nation’s GDP, and external reserves. However, the level of poverty and unemployment was not positively affected by economic diplomacy. This study therefore recommends that subsequent employment of economic diplomacy should be targeted at the substantial improvements of the peoples’ socio-economic status.
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