A Comparative Analysis of the Export Promotion Strategies in Selected Asia- Pacific Countries and Nigeria
This paper reviews the structures of exports and compares the export promotion strategies adopted by some selected countries in Asia-Pacific region and Nigeria. The aim is to find effective solutions to the diversification and expansion of manufactured exports in Nigeria. The five selected countries comprise of three of the four newly industrializing Asian countries (NICs), namely, Taiwan, Singapore, and Hong Kong while the remaining two are members of the six. Associated South East Asian Nations (ASEANS) (Malaysia and Indonesia). Against the background of the world’s average growth rates of 3.2 and 2.0 per cent in 1989 and 1990; the average for developed countries (Europe, the United States and Canada) of 4.4 and 3.8 per cent in 1989 and 1990 respectively and developing countries’ average of 3.2 per cent in 1990, the economic performance of the selected countries in Asia is unique, considering their vibrant export and economic growth rates that rank. among the highest in the world. For instance, Singapore registered a growth rate of (8.3%), Hong Kong (7.5%), Malaysia (8.2%), Indonesia (6.7%) and Taiwan (5.2%). The paper acknowledges the significant role export development policies and strategies plays in promoting the growth of exports in developing countries. It agrees with the universality and similarities of some export promotion strategies adopted but believes the wide disparities in export performances is due to varied environmental and attitudinal factors, especially the delay and slippages in the implementation of the Structural Adjustment Programme by the different countries, differences in the rate of foreign investment inflow into these countries and differences in the categories and volumes of commodities exported.
The export promotion strategies adopted by some selected countries in Asia-Pacific region and Nigeria.