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Dangling Between Frontier Market and Emerging Market, the Demarketing of a Potential African Market: Demographic Implications and the Effects on Sustainable Development

  • 2024
  • OriginalPaper
  • Chapter
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Abstract

This chapter delves into the intricate relationship between developed and emerging markets, with a particular focus on Nigeria as a potential emerging market. It examines the concept of demarketing, which has led to Nigeria's stagnation between frontier and emerging market categorizations. The text explores the demographic implications of this demarketing, including challenges such as brain drain, youth unemployment, and socio-economic disparities. It also discusses the effects on sustainable development, such as economic stagnation, environmental degradation, and social unrest. The chapter employs institutional theory to analyze the factors contributing to Nigeria's de-marketing, including governance issues, security concerns, and infrastructure deficits. It offers strategic recommendations for redressing these tendencies, emphasizing the need for governance reform, investment in human capital, and economic diversification. This comprehensive analysis provides valuable insights for policymakers, economists, and international relations specialists seeking to understand the complex dynamics shaping Nigeria's economic trajectory and its global implications.

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Title
Dangling Between Frontier Market and Emerging Market, the Demarketing of a Potential African Market: Demographic Implications and the Effects on Sustainable Development
Authors
Remi Chukwudi Okeke
Jude Odigbo
Kingsley Nnorom
Copyright Year
2024
DOI
https://doi.org/10.1007/978-3-031-72676-7_12
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