Globalization And Economic Development In Nigeria: A Philosophical Analysis
Abstract
Globalization and profitable development in Nigeria is one of the results of colonialism. It widens the gap between the rich and the poor; hence it’s force of inequality which enslave the African nations and it frugality. Globalization isn’t a course in summation but it’s relative on the impact it has for each frugality, whether developed or underdeveloped since it opens an avenue for each frugality to contend in global request without restriction. The exploration work on globalization and profitable development in Nigeria uses analysis, exposition and evaluation as its system of inquiry. It’s a burden of this exploration to suggest a best possible result on how Nigeria will develop both material and mortal coffers without any coffers left unutilized just as the advanced nations of the world. At the end, all Nigerians will have equal access to the public coffers without stealing the unborn generation what nature has endowed to all humanity
General Introduction On Globalization And Economic Development In Nigeria.
Globalization is the process of making the world economically connected in the ultramodern form. Globalization and profitable is a binary family of development. Globalization is a process by which free movement of ideas, capital inflow, information and technology are moved across borders and public boundaries which affect in the integration of the world husbandry. Just as Heraditussays that change is the only endless thing in the world, globalization is a miracle that was brought by change. And man ever since creation has been pining for change.
Nigeria after the formal independence in 1960, the political elites saw that the pursuit of power as the dominant theme for politics, this had left thenation in bad condition. Accordingly the ethnics of business has entered politics and politics was seen as original warfare. This had added to the fact that Nigeria attained political independence but not profitable independence compounded problems for the youthful nation. Like in the social period, the frugality still replied to the vagrancies in the transnational request. Nigeria incorporate into the transnational request as commercial request as a inferior mate which started with the force of continued unaltered with force of goods like win oil painting, cocoa, groundnut, cottonetc. indeed crude oil painting, also she latterly come the topmost foreign exchange in the nation Nigeria in Africa. But the environment of dependence between Nigeria and it formal social master didn’t change with independence, only the environment did. The structure of dependence on western nations and exploitation of peasant directors as well as the aboriginal domination of investment openings. The indigenous entrepreneur came an conciliator between foreign interest and indigenous polity and frugality and they turn to state as a source of capital and contract. The pursuit of power came easy and access to wealth and fame. Politics came a “ dirty business ”, its practioniers colluding and casting. Access to resource including occasion for profit timber, therefore bear favour of those who control private and public institutions which allocate them.
Polities therefore affords the “ occasion ” to acquire wealth and prestige to be suitable to distribute benefits in the form of job, contracts, education and gift of plutocrat and so on to the abettors . The difference among region and ethnical group in the power equation, demarcation in favourof particular groups, where access to office and it spoils is the object of politics. It’s on thesecompounded problem, that exploration on globalization and profitable development in Nigeria is looking forward to suggest the stylish result for the public development. And noway to depend on dogmatically in the transnational programs which has mileage in the short base and consequential effect in a long run.
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