Globalization and the Quest for Development in Nigeria
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Date
2015-07-03
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American Journal of Social Science Research
Abstract
Globalisation and development in Nigeria are now more imperative than ever before if the quest for development in all its ramifications is to be achieved holistically. The development anticipated from globalisation has turned out to be a zero-sum game since the economy of globalisation is intended towards consolidating the North hegemony. Developing countries continued to receive the pitfalls of globalisation in spite of the fact that the developed and developing worlds should be co-beneficiaries. Also, globalisation is subjective and, at the same time, Eurocentric, as it propagates the philosophy of Western ideology housed in the New World Order. The paper is a warning signal for the Nigerian government to put the country in order so that the wave of globalisation, which allows multinational corporations to decide the fate of others through nationalisation and internationalisation of national properties of the peripheries to those of metropolitan cities who neither reside in the peripheries, but sent agents across the globe to monitor their investments in and out. The paper argues that Nigeria has been at the receiving end of globalisation, and in fact globalisation is a socio-parasite on the country’s quest for development. For globalisation to be relevant in Nigeria and to benefit the majority of the Nigerian peoples, the leaders at all levels of governance should be autonomous and sensitive before globalisation is accepted in all ramifications. The paper concludes that there are benefits to be derived from the globalising world if both the givers of globalisation and the receivers of globalisation can create an atmosphere where political, economic, social, and cultural consensus can be made so that what becomes ‘A’, that is, the Global North, becomes ‘B’, that is the Global South, and what becomes the Global South becomes the Global North in the long run.
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Ologbenla, D and Ogunwa, S. A. (2015). Globalization and the Quest for Development in Nigeria, 1 (4), 226-237.