Globalization has greatly increased the connection and inters dependence Samson B J Dubukumah 6 of the world countries among themselves. The Nigerian situation has generally been a calamity as the various macroeconomic indices applied by the government has not been able to positively turn around the economy in this globalizing world.
I must say I far for Africa she is rapidly loosing its identity. Furthermore, the very essence of globalization is aim in uniting the countries of Effects of globalization on the nigerian world in fostering global development, in science, technology, politics, medicine and many more.
The Nigerian situation has generally been a calamity as the various macroeconomic indices applied by the government has not been able to positively turn around the economy in this globalizing world. In essence, the success of complete globalization today cannot be achieved if all the obstacles that hinder free flow of enterprise, ideas, labors and goods across the international borders are not removed.
Corruption due to bad government has become the order of the day as workers strive to survive with meager income that cannot cover consumption, let alone savings and investments.
What obstacles to development face Nigeria in the global community? According to the United Nation UN report on process and problems of globalization in under developed countries, there are elements of social resistance to economic change in under developed countries which includes institutional factors characterized by rigid stratifications of occupation re-enforced by traditional beliefs and values.
Globalization has brought positive and negative effect. Thus Abuja over the year has prove to be a society that has gradually adopted this phenomenon of globalization and it economic benefits which has made Abuja a very developed in structure and economic, in international trade and investment and many others, this new phenomenon has helped in uniting the existing structure that have been available in the western world into the city, such as the CCTV technology, and many other things.
The formulation of sustainable development strategies in a global economy requires that developed and developing countries have more joined up and co-herent policies, Steward Determine the effect of globalization on economic development b.
More so, the globalization of the Nigeria economy today has helped in fostering smooth modern day banking such as the mobile banking, automated teller machine service, internet banking, ability to track down traffic offenders, this positive effects of globalization has helped in reducing crime rate in the city and has promote development Akor et al.
The reason they do this is because nobody wants to be left behind. Moreover, since globalization also means the growing inter-dependence and interconnectedness of the modern world. While it is accurate to say that globalization has both positive and negative impacts on the countries of the world Nigeria inclusive Adesina Even when globalization has been seen as good because it has prompted growth in developing countries, which has made humans life easier, its effect i will clearly states out weights the gain.
But with this advancement comes problems. However, the effect of globalization on developing and undeveloped countries can be vividly seen, as the developed nations i. Taylor in his book, Primitive Culture, published in The contested nature of the concept of globalization is part of the explanation for the confusion of so much of the public debate.
The advancement in technology has not only damaged the physical environment with the emission a high percentage of carbon dioxide but it has also changed the temperature thereby causing Global Warming.
The challenges of globalization 3. Obstacles to economic development 5. Unlike, what we have in recent times were children tell their parents thing like "how dare you take my stuff" or "what do you mean i cant go out". Moreover, since globalization also means the growing inter-dependence and interconnectedness of the modern world.
The Effects of Globalization on Developing Economies: The consequences of this action has led many underdeveloped and developing countries especially Nigeria, in reducing the average life expectancy of life because of; poverty, uncertainty, hardship, tribal war, armed robbery, boko haram, flood, prostitutions, drug abuse and many other avoidable factors such as corruption and bad governance, thus this had led to large number of people fleeing from this region with Nigeria in the center affected directly or indirectly Akor et al.But the reality is that, in my view, the political leadership of Nigeria has massively failed on virtually every single level.
In that sense, pointing to something called “globalization” as being a contributory factor to Nigeria’s developmental failure is.
The research study on the effect of globalization on the Nigerian banking performance will be divided in to five (5) different chapters on the following patterns. i. Chapter one: Introduction.
ii. Chapter Two: Literature review. iii.
Chapter Three: Research Methodology. iv. Chapter Four:. The Impact of Globalization on the U.S. and Nigeria: A Comparative Perspective By July 26, “GLOBALIZATION” 1 Outline A) Introduction Globalization in Nigeria Globalization, in the cast of colonial legacy, came along in the eighties as a “liberating” force Concerns about the impact of globalization on the environment, human.
Get free Research Paper on effect of globalization on the nigerian banking performance our project topics and materials are suitable for students in Nigeria with case studies in pdf, doc. The importance, how to, effect causes relationship, comparison, history, role, solutions are discussed.
The Positive and Negative Effects of Globalization in Nigeria Globalization according to Clark and Wallace () refers to a “greater interconnectedness of the world’s financial, economic, technological, political, cultural, sociological, ecological, and geographical systems” (p.
). The Impact of Globalization on the U.S. and Nigeria: A Comparative Perspective By July 26, “GLOBALIZATION” 1 Outline A) Introduction B) General Discussion 1. Overview on Globalization. Globalization in USA and Nigeria: Myth and Realities Globalization in the US.Download