The Impact Of Economic Globalization On Third World Countries: A case Study Of Nigeria

This essay is written in a political science and economic perspective with a particular reference to global trend. It is a study of comparative politics and political economy. This study examined the globalization and sovereignty of the third world countries and Nigeria in particular. The objective of the study is to examine the great changes involved in restructuring the world into developed and developing countries, industrializing and industrialized and core and periphery nations. The essay also revealed that Nigeria is a dependent nation in the international, political and economic system. It was taken into the economics of the western capitalist countries by its domestic bourgeoisie and the unequal relations in terms of trade exports of semi processed primary products and imports capital and consumer goods, the external linkages of the country with its former colonialist and America further reduced Nigeria into a subservient status. The persistent and extensive interventions of the developed countries are the underlying reasons for the socio-economic problems of the underdeveloped countries and Nigeria in particular. These coupled with aids, loans, military assistance which make the developed countries to determine for Nigeria the direction of its economy and system of administration to adopt – western type democracy. Now that Nigeria is a democratic nation through the gospel of the globalists has attained the status of higher status in their own face.