To examine the effects of globalization on the nigeria economy. Using descriptive method of analysis, the study found. Nigeria and the socioeconomic globalization of the 20th. The governments in the developing world believe that it is. Given that the international integration of national economies has such a profound effect, globalization plays a central role in determining the future of the world. However, the country is exposed to both the positive and negative effects of globalization. It identified the positive and negative effects of globalization on the public and youths in particular. The negative impact of globalization on nigeria dr. Globalization and economic development in nigeria quest journals. Thus, for nigeria to benefit more from globalization we needs to integrate further into international trade by diversifying our exports. The relationship between economic globalization and economic growth is important especially for economic policies. The study employed both cointegration and causality test.
I am online and ready to help you via whatsapp chat. Impact of globalization on nigeria economic growth 19812015. Nwokah and adieles 2015 preoccupation is an assessment of the socioeconomic impact of globalization in nigeria, comparing the differences of these impacts in the public and private sectors. In an attempt to advance on this, this study attempts the assessment of the contribution of manufacturing sector to economic growth in nigeria in the era of globalization. In nigeria, it was the era of structural adjustment program in collaboration with the imf and world bank. Advocates of globalization believe that policy reforms so far has improved economic growth and performance. This paper is set to contribute to the extant literature by investigating econometrically the existence or not of a longrun relationship between globalization and economic growth in nigeria and more precisely the. This paper examines globalization and its effects on third world economic development with emphasis on nigerian economy. The impact of trade liberalization on economic growth of nigeria, download the full project work with reference and abstract. Determinants of globalization and growth prospects for sub. Download undergraduate projects topics and materials accounting, economics, education. But globalization can be domesticated in the country through diversification of exports, debt reduction and expanded development cooperation with other countries. And while some of the problems do stem from the process of global integration, others do not. This paper examines the effect of globalization on economic growth in nigeria for the period.
Impact of globalization on food consumption, health and. However, economic globalization has a significant and positive impact. The study investigated the nexus between globalization and economic development of nigeria. Globalization and nigerian economic development yusuf abdulraheem.
Download complete project material pdf from chapters 1 to 5. Utuk 2015 analyzed the impact of globalization on economic growth in nigeria in terms of trade and capital flows from 1970 2011. As a member of the international community, nigeria is not shielded from globalization. Impact of globalization on economic growth of nigeria mensch mind. That calls for better integration of social and economic policies in the process of regional integration, as has been the aim in the european union eu, the southern african development community sadc and the southern cone common market mercosur, among others. Nigeria has been experiencing disappointing performance in terms of growth in gdp and the general development of her economy. This is the level of physical environment, social, political and economic growth or civilization of the people. Thus the concepts of globalization and development as well as some components of nigeria development and the impact of globalisation on the world economy are critically examined. The result indicated that overall globalization, political globalization and social globalization have a negative and nonsignificant impact on economic growth.
Globalization and nigerian economic development dr. This article investigates the relationship between imports. Globalization has become a whirl wind blowing across the world due to acceleration in information and communication technology thereby fostering more interactions as it shrinks the geographical boundaries of all countries into a global village. The research study is restricted to globalization and economic development in nigeria, an assessment of its impact on the social economic development in nigeria economy. This paper attempts to explain what role globalization has played and its overall impact on economic development. They study was limited to the federal ministry if information and communication. Feb, 2018 nigeria has not benefited from globalization due to monocultural export, inability to attract increased foreign investments and huge indebtedness.
Apr 10, 2014 the effect of economic globalization on the economic growth in oics is also ambiguous. Globalization is a powerful real aspect of the new world system, and it represents one of the most influential forces in determining the future course of the planet. The study adopts descriptive statistics, regression analysis. This had in the recent time generated hearted debates among the nigerian economic researchers on whether globalization is actually a key to economic growth. As far as the economics is concerned, the big challenge is poverty, and the surest route to sustained poverty reduction is economic growth. Pdf abstract the research work studies the relationship of globalisation on economic development of the nigerian economy. The research work is on globalization and economic growth in nigeria. Another research done by ying, lee and chang 2014, investigated the impact of globalization on economic growth of asean countries from the period of 1970 to 2008, by using panel data analysis. Globalization has over the years been widely celebrated as one of the keys to economic growth and development.
Globalization has both cost and benefits, but experience have shown that the costs of globalization for nigeria seem to have outweighed its benefits. This model relaxed some of the unrealistic assumptions of the hd model. The effects of globalization on developing economies. This paper examines the negative effects of globalization on nigeria by focusing on its impact on science and technology and the environment. Pdf impact of globalization on economic growth in nigeria. Advocates of globalization argue that, globalization brings about economic prosperity through rapid industrialization as it creates opportunities to every economy to develop and acquire technology which in turn stimulated growth in developing economics.
Globalization, economic growth gdp, agriculture, petroleum, manufacturing, solid minerals, transportation and communication. This paper uses descriptive research method to analyze the impact of globalization on economic growth in nigeria in terms of trade and capital flows. Impact of trade liberalization on economic growth of nigeria. Impact of globalization on economic growth in nigeria 19862018. Impact of neocolonialism globalization in nigeria the period of active colonialism having achieved its subjective aim gradually led to the stage of neocolonialism in the sociopolitical and economic history of nigeria. Economic globalization and growth of the nigerian economy iiard.
The impact of globalization on the economic growth of nigeria, free undergraduate project topics, research materials, education project topics, economics project topics, computer science project topics, hire a data analyst. The neoclassical proposition of improving the economic growth especially of growing economies has widely been refuted by most studies due to the latters inability to utilize the opportunities of increased international trade. The importance of manufacturing productive sector of any economy to its growth and survival cannot be overemphasized. Globalization has impacted significantly on nigeria economic growth within sample period. Mar 06, 2020 some form of globalization may be inevitable over the longrun, but the historic bumps spurred by economic crises and other consequences suggest that change is the only reliable constant. The paper covered the period between 1980 and 2015. Nkurumah 1995 defined neocolonialism as, othe final stage of imperialism. To suggest the possible strategies for curbing the and verse effects of globalization on nigerias economic development in the globalized world. Globalization and its impact on the performance of the nigerian. Impact of globalization on the nigerian economy economics. Regrettably, since the integration of the nigerian economy into the global economy, the growth pattern of the economy has remained below. These studies mostly relied on the traditional econometric methods.
To identify the obstacles to globalization and economic development in nigeria. Globalization, institutions and economic growth 2007 the central lesson from the past 50 years of development research and policy is that economic growth is the most effective way to pull people out of poverty and deliver on their wider objectives for a better life. An assessment of the nigerian manufacturing sector in the era. During the research work, many problems came up in which some of them are. Globalization and its impact on economic growth of the. This papera product of the poverty reduction and economic management division, world bank instituteis part of a larger effort in the department to understand the determinants of globalization and their implications for growth and economic development in a context of deepening integration of world economies. Pdf the nexus of globalisation and economic development. Based on determining implication of globalization on economic development, recommendations on the development of. Section three accesses the impact of globalization on economic growth in nigeria. A better business environment is also required to attract more foreign investment. This work is geard towards xraying role of globalization in economic development of the nation. The result shows that foreign direct investment is a component of globalisation and important factor influencing the economic development of nigeria.
Globalization and its impact on economic growth of the nigerian economy, largest undergraduate projects repository, research works and materials. Again the study reveals that trade partner of nigeria appears to be gaining more than the country. Section two discusses the conceptual and theoretical framework, that is, the concepts of globalization and economic growth. In view of greater openness of the nigerian economy due to trade liberalization, private sector can build and expand capacity with less regulation. The international competitiveness resulting from the integration of the world into a global village has brought tremendous progress to the. Globalization plays a pivoted role in the nigeria economy.
Adesina department of political science university of ibadan nigeria abstract as a member of the international community, nigeria is not shielded from globalization. We analyse the role of globalization on dietary change and lifestyles in nigeria, trends in malnutrition in urban. An econometric dimension drawing evidence from nigeria pdf free download ebook, handbook, textbook, user guide pdf files on the internet quickly and easily. Existing empirical studies have not indicated the positive or negative impact of globalization in oics.
727 1222 1162 1330 1125 857 380 1001 985 529 1242 100 1344 1201 1421 1005 307 1224 289 810 1205 743 375 1212 677 193 151 144 742 1323 186 619 557 180