GLOBALIZATION AND THE PROBLEMS OF SOCIO-ECONOMIC DEVELOPMENT IN NIGERIA
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- NGN 3000
ABSTRACT
This study examined the globalization and the problems socio-socio-economic development in Nigeria. The researcher therefore, reviewed the existing literature on the implications of globalization on the socio-socio-economic development of Nigeria. Thus, the concept of globalization as well as some components of Nigerian’s developmental strides and its impact on the third world economy was critically examined. The study adopted ex post facto design utilizing qualitative method of data analysis. Dependency theory was adopted in the analysis of the study. The study concluded that if necessary measures are not put in place to ensure the attainment of self-reliance, Nigeria may be excluded in this process and globalization of poverty rather than prosperity and development will be the case for the country. Finally, based on determining implication of globalization on the Nigeria economy, recommendations on the development of Nigerian state to keep pace with globalization trend were highlighted, which includes self-reliance.
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