GLOBALIZATION AND ECONOMIC DEVELOPMENT IN NIGERIA: AN ASSESSMENT (INDUSTRIAL RELATION AND PERSONNEL MANAGEMENT PROJECT TOPICS AND MATERIALS)
The main aim of the research project dwells on Globalization and Economic Development in Nigeria an Assessment. Globalization was viewed as the bilateral relations that exist betweens countries for either political or economical purpose and also as a means of developing the under developed countries with technological advancement from developed countries. The review of different literatures in the chapter of the work, looked at the challenges of globalization, in underdeveloped societies, as language barrier, political interference, policies, education etc. The impact of globalization was viewed from different perspectives, both negative and positive, globalization has assisted Nigeria as a developing country, in competing with other developed countries. Both primary and secondary sources of data collection were used, the population of the study was determined by the use of chi-square statistical formular, and the data of the study were analyzed with the use of simple lable and percentage. The findings of the study revealed that globalization has made the in undeveloped countries to become a dumping ground for the developed societies, the findings further revealed that with the aid of globalization the world is now a global village. The study recommended that the government should enter into bilateral relations that will assist to develop the economy of the country, and also government should release found for research and sciences, so as the bring about economic development in the country.
1.1 BACKGROUND TO THE STUDY
A brief look at Nigeria today one can find out that we like fashion and everything new in Nigeria, the spirit that greeted the issue of globalization at its climax in 2000 seemed to have reduced.
The word globalization also seems to have gone the internet, computerization and cyber café. Globalization as an economic concept has been viewed at differently by different academic scholars, to represent so many things. However, globalization has been defined by John Vogi (Vanguard 2003) to mean a word that is liberalized of barriers to trade and invest where cooperation can produce and sell almost any service and can produce any where.
Globalization also in recent times involves trillions of dollars of investment. Globalization whether for or against remains a subject on which there has been comprehensive and unyielding misunderstanding especially concerning the constraints that it does not place on the power of government.
Moreover, since globalization also means the growing inter-dependence and inter-connectedness of the modern world, it boosts the economic development.