Industrialization in an Open Economy

Discover the transformative journey of industrialization in Nigeria with Industrialization in an Open Economy by Peter Kilby. Published by Cambridge University Press in 2008, this insightful paperback spans 420 pages, offering a comprehensive analysis of the manufacturing and processing industries in West Africa's largest nation. Kilby delves into the phenomenon of import substitution, dedicating three chapters to explore the dynamic interplay between rising consumer demand and the strategic objectives of foreign merchant firms. This compelling study illuminates the unexpected surge in industrialization that occurred in the late 1950s, providing valuable insights into Nigeria's economic landscape. Perfect for students, scholars, and anyone interested in the intricacies of industrial growth in developing economies, this book is a must-read for those looking to understand the complexities of economic conditions in Nigeria.