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Exploring globalisation as a structure of socio-economic underdevelopment in Nigeria

International Journal of Development and Management Review

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Field Value
 
Title Exploring globalisation as a structure of socio-economic underdevelopment in Nigeria
 
Creator Egwu, C
 
Subject Globalization, Colonialism, Interrelationship, Underdevelopment, Nigeria
 
Description This paper examines globalization as a tool for socio-economic  enslavement of Nigeria. The work adopts secondary data analysis. It  argues that globalization is more than the expression of the world coming closer through access to internet, free flow of information, increase in living standards, involvement in global trade, easier financial transaction and  contact with Euro-American socio-economic and cultural values. The paper  contends that globalization still toes the line of slavery, colonialism and  imperialism. The global village system is lopsided and cannot benefit week economies such as Nigeria. Globalization appears to be a new modern  design for slavery, a tool for marginalization and re-colonization of the  Third World nations especially Nigeria. It argues therefore, that the  developed capitalist nations should restructure the profit maximization of  Multi-national Companies and International Financial Institutions. Again,  globalization should be repackaged and rebranded to deliver the spirit of  equity for Third World nations such as Nigeria to have access to determine the prices of their raw materials in global market. Nigeria should exploit the process of globalization in order to preserve and promote its cultures. If  the necessary machineries are not put in place, our nation may not benefit  from the modern global train for socio-economic progress.Keywords: Globalization, Colonialism, Interrelationship,  Underdevelopment, Nigeria
 
Publisher Directorate of General Studies, FUT, Owerri
 
Contributor —
 
Date 2014-06-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ajol.info/index.php/ijdmr/article/view/104393
10.4314/ijdmr.v9i1.
 
Source International Journal of Development and Management Review; Vol 9, No 1 (2014); 99-115
 
Language eng
 
Relation http://www.ajol.info/index.php/ijdmr/article/view/104393/94472
 
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