IMPACT OF GLOBALIZATION ON NIGERIA’S FOREIGN POLICY (2007-2016)

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TABLE OF CONTENTS

Title page………………………………………………………………………………………………….. i

Certification……………………………………………………………………………………………… ii

Dedication……………………………………………………………………………………………….. iii

Acknowledgement……………………………………………………………………………………. iv

Abstract…………………………………………………………………………………………………… v

Table of contents………………………………………………………………………………………. vi

CHAPTER ONE

INTRODUCTION

  1. Background to the Study                                                                                  1-5
    1. Statement of Problem                                                                                        6
    1. Aims and Objective of Study                                                                            6
    1. Research Questions                                                                                            6
    1. Research Hypotheses                                                                                         7
    1. Scope and Limitation of the Study                                                                   7
    1. Significance of Study                                                                                        8-9
    1. Research Methodology                                                                                      9
    1. Clarification of Terms                                                                                         9-11
    1. Chapterization                                                                                                  11-12

References                                                                           13-14

CHAPTER TWO

LITERATURE REVIEW AND THEORETIICAL FRAMEWORK

  • Introduction                                                                                                      15-16
    • Conceptual Framework                                                                                     16
      • Globalization                                                                                                  16-21

References                                                                                                        51-52

CHAPTER THREE

RESEARCH METHODOLOGY

3.6 Validity and Reliability of Instruments54
3.7 Method of Analysis55
CHAPTER FOUR 
DATA PRESENTATION ANALYSIS AND ANALYSIS 
4.1 Introduction56
4.2 Presentation of Demographic Data56-59
4.3 Presentation of Data on Impact of Globalization on Nigeria‟s Policy59-72 Foreign
4.4 Test of Hypothesis72-74
CHAPTER FIVE 
SUMMARY, CONCLUSION AND RECOMMENDATIONS 
5.1 Introduction76
5.2 Summary of Study76
5.3 Conclusions77-78
5.4 Recommendation78-79
References80
Bibliography87
Appendix88-91

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

The concept of globalization is not a new one, as the spirit to move beyond one‟s natural frontiers has been the preserve of man. In the quest for trade and resources man had always moved to other lands to visit or to conquer it. By so doing, he is influencing and being influenced by new people and culture. Held et al. (1999) agree that globalization is neither novel nor a modern social phenomenon, though its forms may have changed over time and across key scope of human endeavours.

Globalization according to Akindele (1990) refers to the process of the intensification of economic, political, social and cultural relations across international boundaries. Globalization is principally aimed at the transcendental homogenization of political and socio-economic theory across the globe. It is equally aimed at “making global being present worldwide at the world stage or global arena” (Fafowora, 1998). In other words, as Ohuabunwa, (1999:20) once opined: Globalization can be seen as an evolution which is systematically restructuring interactive phases among nations by breaking down barriers in the areas of culture, commerce, communication and several other fields of endeavour.

Simply put, globalization is the term used to describe the changes in societies and the world economy that result from dramatically increased international trade and cultural exchange. Cerry

(1994) also said, globalization describes the increase of trade and investment due to the falling of barriers and the interdependence of countries. In specific economic contexts, the term refers almost exclusively to the effects of trade, particularly trade liberalization or “free trade.” Banjo (2000), insisted that the process of globalization is impelled by the series of cumulative and conjectural crisis in the international division of labour and global distribution of economic and political power, in global finance and the functioning of national states.

Within the parameters of the foregoing, globalization could be correctly defined from the institutional perspective as the spread of capitalism (MacEwan, 1990). Globalization according to Ohiorhenuan (1998), is the broadening and deepening linkages of national economies into a worldwide market for goods and services, especially capital. As Tandon (1998) once opined, globalization seeks to remove all national barriers to the free movement of international capital and this process is accelerated and facilitated by the supersonic transformation in information technology.

It is principally aimed at the universal homogenization of ideas, cultures, values and even life styles (Ohiorhenuan 1998:6) as well as, at the “villagization” of the world. Expanding this argument, Gordmier (1998), argued that it is principally concerned with the expansion of trade over the oceans and airspace, beyond traditional alliances which were restricted by old political spheres of influence.

Globalization effects are not optional for developing countries especially Nigeria, but rather compelling and imperative. Developing countries are pulled into global political, economic and social relationships without their consent. Coincidentally, for the mere fact that global wealth is unevenly distributed, globalization today is often seen as a refined version of capital imperialism. As according to Olukosi (1995), rather than fostering a sense of common interest in the global
village, neo-liberal economic practices are bringing the world back to the Darwinian jungle of…

IMPACT OF GLOBALIZATION ON NIGERIA’S FOREIGN POLICY (2007-2016)