Foreign Trade and Economic Growth in Nigeria (1980-2010)

Abstract

Foreign trade plays a very important role in the formation of economic and social attributes of countries around the world. Foreign trade is the exchange of goods and services across national borders. In most countries, it represents a significant part of Gross Domestic Product (GDP). Foreign trade has been in existence for quite awhile, its economic, social and political importance have increased in recent centuries, mainly because of industrialization, advanced transportation, globalization and multinational corporations.