The Cameroonisation of the of the Civil Service in British Southern Cameroons and Early Days of West Cameroon.pdf (original) (raw)

Globalization and the challenges of National Development in Nigeria

International Journal of Humanities and Social Science Invention ISSN (Online): 2319 – 7722, ISSN (Print): 2319 – 7714 www.ijhssi.org Volume 2 Issue 5 ǁ May. 2013ǁ PP.57-63, 2013

Globalization, similar to every other human endeavour comes with its „pros‟ and „cons‟. While the benefits is visible in terms of creating competitiveness and access to factors of production (Anya, 2009) as well as improved national development occasioned by the rush by organizations the world over making concerted efforts to attain a „global status‟ thus increasing their investments and expanding their horizons (Marquardt and Reynolds, 1994). In the words of Jack Welsh, CEO of General Electric, “we either globalize or we die”. While David Whitman of Whirlpool stated that “the key to globalizing an organization is to get everyone in the organization to think globally, not just few”. Thus, it expected that globalized organizations will have a higher comparative advantage in terms of a wider market and patronage in relation to their non-globalized counterparts. But in spite of the positivity associated with globalization and the “worldwide madness” about it, it is not without its negative sides which limit it particularly in less developed countries (LDCs) of the world. The LDCs based on their relatively weak economic status are confronted with enormous economic challenges occasioned by globalization. This paper identified the challenges of globalization on the economic development of Nigeria. Strategies to overcome these challenges were also proffered such as improving the standard of education, investment in research and development, striving towards trade equilibrium as well as infrastructural and industrial development. To effectively manage these challenges, this paper suggested among other things, effective and efficient management of the nation‟s resources, setting and implementing realizable strategic development plans as well as sincere fight against public and private sector corruption.

The impact of globalization on African economic development

Journal of Economics and International Finance, 2012

The term globalization captures the attention of everyone and especially economic development researchers. Despite the prior prosperity promises of globalization and the benefits of an information accessing society, the afterwards benefits have not been universal and global inequality has increased instead. Globalization has widened the gap between rich and poor countries in its relentless progression. Although, the idea of globalization had gradually been developed since the Second World War, its impact gained momentum in the early 1990s. Africa has not been spared from the implications of this phenomenon. The purpose of this article is to examine the progressive position of Africa in the global economy and highlight key sustainable approaches which African countries can adopt as economic development priorities as it fits into a globalized economy. However, the losses could be higher for African countries or less depending on its approach. African governments' policies should be designed systematically, so as to balance between its current low economic status, its political teething problems and the pressure to catch up and fit into the inevitable globalization trends. This would minimize the economic marginalization of Africa and increase its utilization of its raw materials and human resources.

Globalization and African development

In the world, people have different belief on the phenomenon of globalization. Some question whether it helps the achievement of global development, while others insist that it really plays a significant role to improve the world. This paper analyzes both positive and negative effects of globalization on Africa development, particularly Sub-Saharan Africa. The paper concludes by suggesting some solutions that could help Africa to cease bearing the negative effects of globalization and benefit from it efficiently.

Globalization and Its Impact in The Economy of Developing Countries: A Case Study On Nigeria

Globalization, though a complicated process, is an old concept as different parts of the globe has experienced its impacts on differing aspects of their economic, social, environmental and political lives. Consequently, everyone living in today's world has experienced the benefits of globalization in one way or the other: this implies that the expansion of foreign trade has meant that automobiles and other forms of machinery manufactured in one country can be used elsewhere in the globe to supplement transportation cases and challenges.

Globalization and Economic Development: The Nigerian Experience

2007

The world has witnessed increased interdependence in the last two decades, thanks to globalization. The main driving forces of this process are technology, policy and competition and it subordinates domestic economies to global market conditions and practices. Developed nations are the beneficiaries of globalization as their share of world trade and finance has been expanded at the expense of developing countries. Thus, the process exacerbates inequality between the world's regions and poverty in the developing world. Nigeria has not benefited from globalization due to monocultural export, inability to attract increased foreign investments and huge indebtedness. But globalization can be domesticated in the country through diversification of exports, debt reduction and expanded development cooperation with other countries. The Nigerian state also needs to be strengthened as a bulwark against the dictates of foreign capital. All this accomplished, Nigeria could join the league of nations enjoying the benefits of globalization.

Globalization and the Quest for Development in Nigeria

2015

Globalization and development in Nigeria is now more imperative than ever before, if the quest for development in all ramifications is to be achieved holistically. The development anticipated from globalization has turned to be a zero-sum game since the economy of globalization is intended towards consolidating the North hegemony. Developing countries continued to receive the pitfalls of globalization in spite of the fact that the developed and developing worlds should be co-beneficiaries. Also, globalization 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 globalization which allows multinational corporations to decide the of fate of others through nationalization and internationalization of national properties of the peripheries to those of metropolitan cities who neither reside in the peripherie...

GLOBALIZATION AND DEVELOPMENT IN AFRICA

REIKO INTERNATIONAL JOURNAL OF SOCIAL AND ECONOMIC RESEARCH, 2022

This paper examines the concept of globalization, its history, instruments and problems for the African continent. While identifying it as one of the recent developments currently changing the physiognomy of global politics, it specifically focuses on its challenges, consequences and implications for Africa particularly, in the realm of equality of players, requisite input into the policy process and, the encapsulating assertiveness of the global village. In the process, it was argued and revealed that, globalization is the final conquest of capital; over the rest of the world and that its "antecedents" and "uneven development thesis" are explainable within the context of the one-arm banditry and ethos of capitalism. Furthermore, it was argued that this will continue to be so, irrespective of its aim at the transcendental homogenization of political and socioeconomic structure of the globe and its purported benefits to mankind. The central thesis of our study is that the asymmetry of power and interests of the member states of the global village, as well as the lopsidedness in the rules of the game therein cannot benefit Africa and her people. This is so and would continue to be so because globalization is a new order of marginalization and decolonization in a "neo-neo-colonial fashion", of the African continent. We equally argued that its elevation into a position of 'Absolute Truth" without any credible alternative is a. disastrous entrapment for Africa from which the latter must free itself through a genuine and committed political, cultural, sociological and economic realignment and restructuring that is truly African in nature, if it hopes to survive the challenges of the twenty-first century.