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Globalization and Economic Development In Nigeria: A Philosophical Analysis

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– Globalization and Economic Development In Nigeria: A Philosophical Analysis –

Download Globalization and Economic Development In Nigeria: A Philosophical Analysis. Philosophy students who are writing their projects can get this material to aid their research work.

Abstract

Globalization and economic development in Nigeria are some of the results of colonialism. It widens the gap between the rich and the poor; hence it is a force of inequality that enslaves the African nations and their economy.

Globalization is not a course in totality but it is relative to the impact it has on each economy, whether developed or underdeveloped since it opens an avenue for each economy to compete in the global market without restriction.

The research work on globalization and economic development in Nigeria use analysis, exposition, and evaluation as to its method of inquiry.

Introduction

Globalization is the process of making the world economically interconnected in the modern form. Globalization and economic is a twin brother of development. Globalization is a process by which free movement of ideas, capital flow,

information, and technology are moved across borders and national boundaries which result in the integration of the world economies. Just as Heraclitus says that change is the only permanent thing in the world, globalization is a phenomenon that was brought by change. And man ever since creation has been craving 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 the nation in bad condition. Consequently, the ethics of business has penetrated politics and politics was seen as equivalent warfare.

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