GLOBALIZATION AND THE NIGERIAN ECONOMY: THE BABANGIDA PERIOD
- Project Research
- 1-5 Chapters
- Qualitative
- Library / Doctrinal
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study was carried out to examine Globalization and the Nigerian economy the Babangida period. Specifically, how globalization has affected the economic and political status of the Nigerian economy,The role of global institutions in the globalization process as it concerns Nigeria,how the dependency of the less developed economy on the western economy has led to underdevelopment of the less developed countries, through evaluation of the dependency theory.the study conclusion revealed that General Ibrahim Badamosi Babangida governed Nigeria at a very critical junction in the country’s political history as There is no gain saying that the socio-economic development of Nigeria has been characterized by a stunted trend over the decades.it is clear the Nigerian economy portray an unproductive, externally oriented, dependent and a monolithic structure that lacks not the potential to develop forward and backward linkages of production and consumption patterns but the political will to produce the necessary goods and services for domestic consumption over time. The Nigerian economy which has been colonially structured to be externally oriented has been designed to produce what is not locally consumed and consume what is not locally produced. The production of cash crops and raw materials exported to European and American markets remains the pattern obtainable. With an import-driven consumption pattern mainly composed of final goods, the country has become import-dependent and economically defective.
The study recommend that the less developed countries break free from the chain of dependency, it is recommended that the less developed countries should encourage internal trade among among themselves as this will increase their comparative advantage in the international market and make the economy stronger, There should be encouragements from the part of the government for developing local industries instead of over-reliance on western developed nation, Production-Consumption disarticulation can be corrected with an overhauling and redirection of the economy through a back ward and forward linkage of all the sectors of the economy especially agriculture and manufacturing as this will ensure self-sufficiency, employment creation and capital flight reduction
Related Project Materials
THE RELATIONSHIP BETWEEN CORPORATE GOVERNANCE PRACTICES AND FINANCIAL TRANSPARENCY
Abstract
This research investigates the relationship between corporate governance practices and financi...
THE DETECTION AND PREVENTION OF SNIFFING ON NETWORKS
ABSTRACT
With the presence of some faults in online protocols and operating systems, any person who is connected to a network, especially...
INFLUENCE OF SCHOOL POLITICS ON THE ACADEMIC PERFORMANCE OF PUBLIC SECONDARY SCHOOL STUDENTS IN OBIO AKPO EDUCATION ZONE OF RIVERS STATE
BACKGROUND OF THE STUDY
Education is a tool for obtaining the required skills, information, and habits necessary for sur...
THE IMPACT OF DEMOGRAPHIC SHIFTS ON INTERNATIONAL ACCOUNTING PRACTICES
ABSTRACT
This study investigates THE IMPACT OF DEMOGRAPHIC SHIFTS ON INTERNATIONAL ACCOUNTING PRACTICES, with objectives to identify key...
SMALL AND MEDIUM SCALE ENTERPRISES AND THEIR ROLE IN UNEMPLOYMENT REDUCTION
EXCERPT FROM THE STUDY
Unemployment is widely regarded as a manifestation of fundamental microeconomic disequilibrium. W...
PREGNANCY AND ABORTION: A PROBLEM FOR THE GIRL-CHILD EDUCATION IN NIGERIAPREGNANCY AND ABORTION: A PROBLEM FOR THE GIRL-CHILD EDUCATION IN NIGERIA
BACKGROUND OF THE STUDY
In humans, the process of gestation is most commonly referred to as pregnancy....
EFFECT OF PERFORMANCE MANAGEMENT ON EMPLOYEE PERFORMANCE
ABSTRACT
This study explored the effect of performance management on employee performance. The general objective of the study was to dete...
THE INFLUENCE OF BEAUTY MAGAZINE CONSUMPTION ON THE BEAUTY CHOICE AMONG UNIVERSITY STUDENTS
ABSTRACT
This study investigates the relationship that exists between Beauty Magazine Consumption and beauty choice of consumers. Specifi...
FEDERALISM AND NATION-BUILDING IN NIGERIA: CHALLENGES AND PROSPECTS
Abstract
This study is on federalism and nation building: the challenges and prospect. The total population for the stud...
THE INFLUENCE OF PARENTAL VALUE SYSTEM ON SUCCESS ORIENTATION AMONG ADOLESCENTS
Abstract
The study examined the influence of parental value system on students’ success orientati...
