Economic Globalization And Nigeria’s Development Between 2010 And2020: An Appraisal

Abstract

This study examined economic globalization and Nigeria’s development, 2010-2020. The effect of economic globalization on developing economies was examined using several developmental programs being traced to be means through which globalization circulates. The study examined research questions; to what extent has economic globalization affected Nigeria’s Economic Development from 2010-2020? Has technology importation affected employment rate in Nigeria, 2010-2020? The work is predicated on dependency theory as its theoretical framework. The study presented the following hypotheses; economic globalization has not significantly impacted on Nigeria’s Economic development from 2010-2020 and technology importation has negatively impacted on employment rate in Nigeria in the period of 2010-2020.Documentary method of data collection was adopted. Content method of analysis was used as a method of analysis. This study found out that globalization was just a tool of suppression and exploitation of the underdeveloped societies and pave way for continued dominance of the developed nations whereby not fulfilling the facial promises of the promoters of globalization. Finally, the study recommend that the underdeveloped countries like Nigeria should re-examine their foreign policy and device a workable means to a better society and not on total reliance on the industrialized societies.