Author(s): Obi IWUAGWU
China at present is the number one telecommunications market of both Asia and the world, while Nigeria is Africa’s leading market. In both cases, it was market liberalisation that engendered competition. China’s telecom reform started in the late 1970s and by the mid 1990’s, it had made sufficient impact to change the country’s economic history. Nigeria on the other hand commenced gradual reform of the industry in the early 1990s with its dramatic transformation peaking by2010. Evidently, the sector in both economies was drastically transformed in a space of two decades with sufficient telecommunication facilities, which engendered the people to further strive towards attaining their economic potentials. Nonetheless, although the results were similar, the strategy adopted by each country was different.Yet both represent the transformational effect of market forces in economic development.
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