Journal of International Economic Relations and Development Economics <p><strong><em>Journal of International Economic Relations and Development Economics</em></strong> (JIERADE) is an international journal which provides valuable insight from researchers, policy makers and practitioners into global policy debates and understanding of the international market, political, bilateral and multilateral economic relations and how it affects global alliances, globalization and the economic health of nations. Articles should cover global policy issues; issues in international financial markets, global economic governance, economic models and key indicators from which development policies are derived and those relevant to transformation of developing countries into more prosperous nations.</p> Global Scientific Publications en-US Journal of International Economic Relations and Development Economics Assessment of Competitive Strategy Planning on Performance of Micro, Small and Medium Scale Enterprises (MSMEs) <p>The main objective of this study is the assessment of competitive strategy planning on the performance of SMEs in Anambra State. Given the capacity of under-utilization of resources of MSMEs, the selected MSMEs from major commercial area such as Onitsha and Nnewi were purposefully observed from the people within Anambra Nigeria, using the sample frame. The data obtained were analyzed using descriptive statistics for demographic aspect of the study and logistic regression analysis to test the formulated hypotheses. The findings show that competitive strategy contributed immensely to the growth of MSMEs in Anambra State. The study thereby recommends that for greater productivity, MSMEs should aim to tailor their products, or develop products with a variety of styles and features to fit the needs of each customer. They should also conduct marketing research in order to identify and appropriately meet the needs of their customers.</p> Francis Onyedibe Kenneth Ogbu Uche Udedi Chinasa Onwe Copyright (c) 2022 Francis Onyedibe, Kenneth O. Ogbu, Udedi Collins Uche, Onwe Martha Chinasa 2022-08-29 2022-08-29 1 2 31 42 The Effects of Regional Integration on Economic Growth in ECOWAS Countries <p>This study examined the effects of regional integration on economic growth of ECOWAS member countries from 2010 to 2020. Unlike previous studies that mainly utilised variables like terms of trade and export to capture regional integration, this study employed the regional integration index computed from 2010 to 2020 and made available by the African Regional Integration Index (ARII) in five dimensions to capture the effects of regional integration on economic growth of ECOWAS members. The objective of the study was to examine the effects of trade and financial integrations on economic growth using trade integration index and financial integration index as proxies for trade integration and financial integration respectively. To overcome the potential problems such as cross-sectional dependence among countries, serial correlation of the error term, and more importantly, the problem of identification and endogenous regressors that characterise some panel data regression methods like the pool mean group (PMG), fixed effect (FE) and random effect (RE), this study employed an instrumental variable (IV) regression based on the dynamic panel data (DPD) method, within the framework of the generalised method of moments (GMM-SYS).The results show that aggregate regional integration in five dimensions (composite regional integration index), though has a positive relationship with economic growth, does not exert a significant impact on economic growth of ECOWAS members. Interestingly, trade integration and financial integration, both have a significant positive impact on economic growth of ECOWAS members, meaning that ECOWAS members are better-off with integration in trade and finance. We, therefore, concluded that regional integration of ECOWAS members is more beneficial when more emphasis is placed on trade and financial dimensions. This finding has serious policy implications for regional integration and economic growth of ECOWAS member countries.</p> Alexander Orji Samuel Okafor Kenneth Obi Chiemezie Ukeje Copyright (c) 2022 2022-03-31 2022-03-31 1 2 1 20 Nigeria-Ghana Relations <p><strong>Abstract</strong></p> <p>Nigeria and Ghana have had a longstanding relationship having experienced a common imperial domination. The two countries were also eminent in African nationalist movements and were core supporters of the ideology of Pan Africanism in the pre and post independent Africa. In spite of this past collective efforts, Nigeria and Ghana relations began to dwindle into antagonism, rift and mutual suspicion, thus undermining and stifling the objectives of the Organisation of African unity and the idea of Pan African movement. The study adopts a narrative research analysis and employed both primary such as archival materials and newspapers; and secondary sources like journal articles, books, institutional project reports, internet publications and academic projects to provide a historical insight of the post African independence challenges. This among other things encouraged massive labour migration among African nations particularly between Nigeria and Ghana, which later resulted into migrants expulsion from Ghana in 1969 that involved mostly Nigerians. The paper applied the Alexander Wendt’s Constructivist theory and Adams Smith theory of Natural Law to explain migrant’s expulsion from Ghana during the period under study and finds that the expulsion of 1969 set a negative example for other struggling African countries and made a caricature of the objectives of the OAU. It however points out that continental unity cannot be obtained in the midst of antagonism and rigour; and as such, African nations should rise above national differences and ethnic challenges to form a formidable economic front with strict and promising leadership for eventual achievement of African’s economic development.</p> <p>&nbsp;</p> <p>&nbsp;</p> Chinwe Alazor Copyright (c) 2022 Chinwe Alazor 2022-11-09 2022-11-09 1 2 43 57 The Impact of Informal Sector Development on Growth of the Manufacturing Sub-Sector in Anambra State, Nigeria <p>The objective of the research is to investigate the impact of the informal sector transition on growth of the manufacturing sub-sector in Anambra State in Nigeria. To achieve this objective, the research work was undertaken using descriptive, correlational and explanatory research design. Data was collected using cross-sectional approach. This research study used quantitative method for its data collection. This method is more objective and reliable yet not influenced by the personal opinion of the researchers in representing the phenomena. The results showed that up to 70 per cent of surveyed firms’ owners are unwilling to transit from informal sector to formal mainly because they don’t want to pay more taxes, they are not ready yet and the process is too costly.</p> Chidnima Umeh Chukwudi Onyedibe Ebele Nwokoye Ugochukwu Obetta Copyright (c) 2022 2022-03-30 2022-03-30 1 2 21 30