INDUSTRIALIZATION AND PUBLIC PRIVATE PARTNERSHIP FOR DEVELOPING DOMESTIC ECONOMIES IN THE THIRD WORLD COUNTRIES

The study is set to combat with and find ways of curbing the numerous challenges of industrialization and those of the public private partnership in the third world countries. There are a number of factors that pose serious challenge to these concepts. The problem of continuous control, subjugation and constant exploitation of the third world countries by the industrialized nations, have hindered the rapid growth and development of industrialization and public private partnership (PPP). Two theories were adopted in this study the Lewis Model of industrialization, presented in 1955 as well as the community development theory. Historical/Descriptive Survey design was adopted as methodology, and primary and secondary data were used for the analysis. The subsidiary objectives included finding out if the locally fabricated industrial machines can be improved upon to drive the third world industries to an enviable height. The three research questions to elicit answers from respondents included, 'can the locally fabricated industrial machines be improved upon to drive the third world industries to an enviable height? This was followed by the research hypotheses which were postulated in null. (H) forms to enable empirical verifications and statistical calculations in this study. The first among the hypotheses was that the locally fabricated industrial machines may likely be improved upon to drive the third world industries to an enviable height. Based on the findings, three recommendations were also put forward to resolve the issues found in the study. Among them was that, government should encourage the locally fabricated industrial machines to be improved upon to drive the third world industries to an enviable height in Nigeria.