The Effects of Deregulation on Global Economy - amazonia.fiocruz.br

The Effects of Deregulation on Global Economy - something and

Show full item record. JavaScript is disabled for your browser. Some features of this site may not work without it. Date: Type: Article. Socio-economic review, , OnlineFirst. The growth of the American financial services remains a bit of a puzzle. The standard approach, the deregulation hypothesis, posits that the industry expanded in response to national deregulation. Yet, when viewed in a comparative context, US finance was deregulated significantly less than other national financial systems and yet grew significantly more than most. The Effects of Deregulation on Global Economy

The petroleum oil sector is the major area where Nigeria income emendates.

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Before the discovery of crude oil, agriculture is the major source of income in this country and it forms the major exporting base in this country then. Right now, Nigeria exports more than 50, The Effects of Deregulation on Global Economy of oil a day to other countries in this country, the oil sector is controlled by the federal government under the direct supervision of Nigeria National Petroleum Cooperation, whose immediate chairman is chief fusnso Kupkolukun who succeed Pius Obaseki. The NNPC is vested with the power refine Nigeria crude oil but other petroleum agencies like orient petroleum, cheoron, EIF, Total etc con embark in exploration of land areas that might concern crude and possible extraction. The oil sector is controlled by the federal and this makes them to be the sole monopoly of this sector.

Due to the Non competitiveness of the fuel prices in Nigeria, no investor will establish a refining in the country, said the president, instead, the government will subside the social services and improve publics utilities like education, health, transport, power and water Obasanjo said on the The Effects of Deregulation on Global Economy. Nigeria currently spends billions of U. S dollars on subsidization of oil products every year, but still experiences fuel shortages from time to time.

So, the aim of this derogation policy is to ensure that fuel shortages are curbed and that the constant labour stricken because of the incessant rise and hike in the fuel prices is also curbed. Nupeng and pengassen are also involved in the regulatory process, because both are indirectly involved in supply of petroleum, thereby possible shortage in fuel supply might be triggering off by the acovgies of nupeng and pengassen. There is the Ned to redress the issue of petroleum scarcity and the huge rise in pump prices in it country.

The global deregulation hypothesis

The deregulation of oil sector is meant to reduce this but the question now is what proper process should be involved in the deregulation. So the cause of dacaricty and high-rise in pump prices might also be attributed to the monopoly of the oil sector, by the federal government, the scholiast of oil radials and bunkering and almost, the improper management of our refining by NNPC.

The purpose of this study, is to know whether the presidential proclamation on February on the deregulation whether it will yield the desired results, and to know its impacts and implication. This research project purpose is to bring to the notice the impact of the deregulation has on the oil sector economy and the implication of such policy. Because, deregulation is meant to end the existing obstacles and problems inherent in the oil sector. The refineries in port court and Kaduna are the major refineries refining crude oil, in this country.

So the major supplies of fuel, kerosene, diesel and The Effects of Deregulation on Global Economy are based on the refining of petroleum and this usage are also based on link to various outlets in the country. So the oil Deregultaion curled not delivered its dividends, which are expected to it. So the see more by president Olusegun Obasanjo that the oil sector should be deregulated was met by missed feelings by all and supply in this country. This missed feeling has to do with the fact that it is wise decision or a very wrong decision since the oil sector is a major income earner in this country.

So this has led Econlmy this research project which is geared towards knowing the impact and implications of the deregulation policy, this is to ascertain whether the policy when and if implemented is the right decision that will permanently solve the issue of scarcity and hike in pump prices or whether such decision is bound to compound the problem of pump hike and scarcity.

This study which is to ascertain whether the deregulation of the oil sector yield what is supposed to yield and also to know the benefits that are accruable to all and sundry because of policy.

January 2021

Deregulatkon So this research report is based on the following retainable, so that in the end, we can be able to distinguish more clearly the deregulation polices and the polices that accompanies it, coupled with the fact that the positive and negative impacts and implication of this policy will be noted so, the rationale will be specifically on the impacts and implications of oil sector deregulation.

It is aimed that this deregulation of the oil sector will help in tackling the issue of scarcity. So the significance of this study is to find out whether the aim of the deregulation is achieved or will be achieved and that whether the aim of the deregulation is the aim in such a total flap.

This project topic will significantly portray the impacts and implication of such deregulation policy. So whether the deregulation of the downstream sector of oil will yield the required dividends will be found out at the end of this project research. Even this research is also significant because the problems that our industry is suffering will also be determined and know whether such problems can be curbed.

Oil sector this is the part of or field of business activity that is concerned with the refining and supplying of petroleum to all parts of the country. Deregulation according to Advanced learners dictionary deregulation means the amendments or making of another regulations in respect to an existing issues or programmes. Impacts and implication the effect of such deregulation polices on the oil sector whether polices were able to yield its required results.

December 2020

Implication can also be defined as the tendency in which the deregulation is to be blamed or not be blamed in the problems encounter by the oil Efffects especially that of fuel scarcity. Deregulation according to Advanced learners dictionary deregulation means the amendments or making of another regulations in respect to an existing issues or programmes 3. You may also like.]