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The Promises and Perils of Multinational Corporations: The Nigerian Experience

This article explores the concept of multinational corporations, their evolution, and impact on the developing economies with Nigeria in focus. Several theories of multinational enterprises were reviewed and how these theories, as well as the activities of the multinational firms, are related to the development of the Nigerian economy. Arguments put forward by different scholars were also discussed. Finally, it was recommended that for the Nigerian economy to develop, conscious actions have to be taken to move the economy from an import-dependent to an exporting economy.