DISSECTING THE LABYRINTH OF GLOCALIZATION AND GOVERNMENT PREPAREDNESS: A GLANCE AT THE PROPOSED CAR ASSEMBLY PLANT AT ITU, AKWA IBOM STATE
Michael Effiom & Inemesit Ebito
Department of Business Management
University of Uyo, PMB 1017 Uyo, Akwa Ibom State
Email: mikefiom.power@yahoo.com
Corresponding author: Michael Effiom
ABSTRACT
The research plunged into dissecting the labyrinth of glocalization and government preparedness; a glance at the proposed automobile assembly plant at Itu LGA, Akwa Ibom state, Nigeria as the study area is viewed as an investment destination hopeful. The study reviewed a collection of library and other academic works as its main sources of resources. It was gleaned from the study that there were few infrastructural gaps that require immediate attention of government, such as weak communication systems and insufficiency in transportation systems that support heavy international partnership with the state. The study also revealed that without these infrastructural and other economic and policy issues being addressed, it would further exacerbate the existing number of moribund industries available. However, it was recommend that the national and states house of assembly should be keen to making decisions that would encourage sustainability of investments. Similarly, it was recommended that multiple taxation system in Nigeria should be generally discouraged, while government should rather invest more in the areas of security and electricity generation to ensure a commensurate return on investment (ROI) and sustainability of investments.
Keywords: Globalization, glocalization, government preparedness, and investment.
