AGUENE, IGNATIUS N. (2024) GLOBALIZATION AND THE CHALLENGE OF DEVELOPMENT IN NIGERIA. GOUni Journal of Faculty of Management and Social Sciences, 9 (1). pp. 153-167. ISSN 2550-7265
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Article 10 - Globalization and the Challenge of Development in Nigeria A4 153-167.pdf Download (297kB) |
Abstract
The vision of the globalization institutions is to reduce poverty and stabilize world economies. The choice of managers for these institutions determines the problems and often contributed to their failures. The International Momentary Fund (IMF)did not allow government intervention in the market which experts insist guide economic growth rather ideology guided policy prescriptions and countries were expected to submit to the undemocratic dictates from the managers of globalization institutions. The IMF’s structural adjustment policies designed to help a country like Nigeria adjust crisis led to anti-SAP riots, hunger, loss of life and jobs in Nigeria. The Asian tigers welcomed the globalization with courage determination but silently questioned some of the general prescriptions of IMF for all nations for different problems. researcher looked back from the time of slave trade to colonial period to Neo- colonialism and even this present time of globalization process and find out that Nigerians have suffered intimidation, loss of revenue, culture and able-bodied men and women who would have helped to develop Nigeria. In an attempt to get theoretical framework for the study modernization school of thought, classical Marxism and neo-maxims were reviewed.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HM Sociology |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | mrs chioma hannah |
| Date Deposited: | 24 Aug 2025 13:24 |
| Last Modified: | 24 Aug 2025 13:24 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/5235 |
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