Globalization benefits and challenges principles of. To suggest the possible strategies for curbing the and verse effects of globalization on nigerias economic development in the globalized world. While it is true that the future economic development of nations depends on harnessing their energy and developing their skills, this view. If globalization is a river, we must build dams to generate power 77. To identify the obstacles to globalization and economic development in nigeria. The phenomenon of globalization appears to be a product of renewed beliefs and contestations in a global process, which has drawn the international community at the threshold of a global village.
Challenges of globalization and education in nigeria. The challenges of globalization for africa alassane d. Globalization, similar to every other human endeavour comes with its pros. Globalization is central to understanding the nigeria story, but its not a product of the 1970s or of big oil. These problems may be political, economical, religious and educational. The paper also suggests ways by which the negative effects of globalization can be addressed. So were marking a halfcentury of oil and gas activities in nigeria. An assessment of the threats and opportunities of globalization on building practice in nigeria mbamali, i. Global challenges for adolescents 45 poverty, unemployment and globalization adolescents are often seen as the next generation of actors on the social and economic stage.
Contemporary challenges in nigeria, africa the world. Globalization and nigerias foreign policy globalization has become a commonly used word worldwide. Iniobong ekong nkang, faculty of education, akwa ibom state university aksu, ikot. Globalization and nigeria s foreign policy globalization has become a commonly used word worldwide. Nationals of two african countries, somalia and sudan, are subject to a revised executive order on immigration signed by president trump in. Challenges of globalization carnegie council for ethics in. The paper identifies a number of prospects and challenges of globalisation. The challenge of globalization in africa remarks by. Challenges in the new millennium article pdf available in mediterranean journal of social sciences december 2015 with 2,568 reads. In terms of general characterization, the parliamentary system of government inherited from the british was discarded for an americanstyle presidential system in 1979. If youre looking for a free download links of international business.
Nigeria exports natural resources to developed countries for final production into finished goods. Impact of globalization on economic growth of nigeria. Globalization and the challenges of national development. Effect of globalization on small and medium enterprises smes. I am honored to be delivering this prestigious lecture. Before discussing the benefits and challenges of globalization, its essential to have a strong understanding of what the term means. Poor attention has been given on the interface between globalization and nigeria international image, and how it affects its adaptability to ongoing globalization process and the fundamental challenges it posses to nigeria policy. Effect of globalization on small and medium enterprises.
Globalization in nigeria globalization according to clark and wallace 2003 refers to a greater interconnectedness of the worlds financial, economic, technological, political, cultural, sociological, ecological, and geographical systems p. The new nigeria, 19602010, golden jubilee edition, nigeria high commission, ottawa, canada challenges. Globalization benefits and challenges velocity global. Globalization and its challenges stanley fischer1 2 i stand here with deeply conflicting emotions. In nigeria, the indigenous languages are rendered impotent because, english language is the official language of the country. In a sense, then, the history of postcolonial nigeria is the history of. Nigeria as a developing country cannot shy away from globalization, since the country has been exposed to both the negative and positive effects of globalization. Second, let me talk about the importance of effective social spending. Abia state college of education technical, arochukwu, nigeria.
Positioning nigeria for development in an era of globalization. Globalization is a term used to describe how countries, people and businesses around the world are becoming more interconnected, as forces like technology, transportation, media, and global finance make it easier for goods, services, ideas and people to cross traditional borders and boundaries. Aluko, olabisi onabanjo university, nigeria abstract. This paper examines the negative effects of globalization on nigeria by focusing on its impact on science and technology and the environment. Abstract the world has witnessed increased interdependence in the last two decades, thanks to globalization. Globalization and the challenges of national development in nigeria. The nigeria experience vihimga lawrence terungwa department of political science college of education, oju benue state nigeria abstract this paper investigates the impact of globalization on nigerias economic development. There is still high rate of unemployment in the land. Challenges of globalization and quality assurance in nigerian. Introduction the last two decades have witnessed an increasing wave of accounting scandals and. Globalization, education, communication, development introduction the whole idea of globalization is an attempt to provide lasting solutions to the myraid of problems of humanity. Unfortunately it is not so because there are still some things that hinders or challenges the impact of globalization in nigeria economy. The nigerian experience josephine ivoma orga department of business administration, faculty of management science enugu state university of science and technology enugu, nigeria. Globalization and the challenges of national development in.
It can also deepen the partnership between the advanced countries and the rest of the world. Introduction background to the study with the advent of globalization and especially since the end of world war ii, the world has become a much smaller place where interaction between different countries has led to a situation where a countrys. Mar 30, 2020 globalization benefits and challenges by velocityglobal march 30, 2020 march 31st, 2020 no comments globalization is an established part of the modern world, so most of us do not realize the benefits it brings to our everyday livessuch as easy access to a variety of different cuisines or new technologies developed by countries half a world away. Globalization of production and the competitiveness of. The african union and the challenge of globalization in the twentyfirst century 275314 ogaba oche 315338 chapter fifteen. To establish the extent to which the challenges affect smes in globalization and competitiveness. Abia state college of education technical, arochukwu, nigeria abstract the phenomenon of globalization appears to be a product of renewed beliefs and contestations in a global process, which has drawn the international community at the threshold of a global village. The escap secretariat is located in bangkok, thailand. Globalization of the media 38 globalization of the media and the challenges of democratisation in nigeria.
I am profoundly sad that rudi dornbusch, who should have delivered the ely lecture, died in july last year and that i am here in his place. Impact of globalization on nigeria education system. Download the full project from chapter one to chapter five with abstract and reference. Therefore the broad objective of this research work is to study entirely, the relationship between globalization and nigeria economic development. The challenges of meeting millennium development goal 7 in metropolitan lagos, nigeria tunde agbola elijah m. Several implications for civil society, for governments and for multinational institutions stem from the challenges of globalization. Challenges of globalization and education in nigeria nwankwo, o. Jan 19, 2001 the imf will continue to make this case vigorously whenever and wherever it can. Impact of globalization on nigeria economic growth 19812015. It has spawned new opportunities and realities as well as persistent challenges to the acceleration of economic growth, development, and poverty reduction. Nov 15, 2014 the challenges of globalization and the impact on nigerian accountants involves taking the level we are, with our knowledge and expanding it to greater heights, thereby giving the new accountants an advantage in an international stance. Nigeria should confront the challenge of globalization by liberalizing its economy,embracing internationalization of capital and opening new markets across the length and breadth of the world just like thailand did. Therefore globalization has come to improve the process of communication and advancement in technology. Oil became economically significant almost precisely at the time nigeria became independent from britain in 1960.
Globalization delivers its economic benefits in part by promoting change, the rise and fall of different industries and economic activities. Agunbiade department of urban and regional planning, university of ibadan, nigeria abstract this study used a case study methodology to examine the issue of land tenure in the. The paper concludes that nigeria has not benefitted enough from globalisation owing to the undue dependence on crude oil exports, low manufacturing exports and the underdevelopment of the domestic,financiui markets. Nigeria has been ranked as one of the most corrupt countries n the world. Pdf globalization is an ongoing phenomenon trying to redefine the economic, social, cultural and political dynamics of contemporary societies. Challenges of globalization and quality assurance in nigerian university education iniobong ekong nkang1 1 faculty of education, akwa ibom state university aksu, ikot akpaden, mkpat enin local government area, akwa ibom state, nigeria correspondence.
In so doing, it has made the task of adjustment to the economic challenges and opportunities of globalization more difficult for all nations, although partic ularly for more open national economies. Department of building ahmadu bello university zaria abstract organized building practice in nigeria which began in the 1930s is still saddled with a lot of inherent challenges. Globalization has made english language a predator language. Impact of globalization on nige ria education system. Teenage sexual activities in nigeria also tend to be on the increase nwosu, 2005. Nigeria has high level of illiteracy which indicates poor human capital. Every month, thousands of graduates are still joining the unemployed graduates. The official definition of globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale.
Description of the igbos who constitutes an ethnic group occupying southeastern nigeria was made. Pdf impact of globalization on nigeria education system. Viewing and comparing the outcomes for 2004, the results show that swaziland is the most globalized african country, closely followed by angola, and that comoros is the least globalized. In carrying out these research studies, which includes, articles, seminars paper, newspaper, text books etc. The challenges of globalization for africa globalization will continue to reinforce the interdependencies between different countries and regions. Background to globalization and africas economic development.
The challenges of globalization and the impact on nigerian accountants involves taking the level we are, with our knowledge and expanding it to greater heights, thereby giving the new accountants an advantage in an international stance. The challenges of globalization and the impact on nigerian. Some developing countries are beginning to realize the prospects of a more beneficial. Science education and challenges of globalization in igbo nation ezeudu f. It is clear that the trend toward more integrated world markets has opened a wide potential for greater growth, and presents an unparalleled opportunity for developing countries to raise their living standards. Diversity management, challenges and opportunities in. Adesoji abstract without gainsaying, globalization has impacted tremendously on the media. This research will analyse the impact of globalization on nigeria economy, taking a good analysis on various ways and means put by the government of nigeria and its agencies to adapt to globalization as well as absorbing the negative consequences of globalization of the world since 19812017.
And finally, globalization and all of the complicated problems related to it must not be used as excuses to avoid searching for new ways to cooperate in the overall interest of countries and people. Central bank of nigeria, annual report and statement of accounts various issues. As it stands now the information of any event at any part of the world gets to nigeria or any other part of the world in a very short time. Impact of globalization on economic growth of nigeria mensch mind. The objective of this article is to identify the effects of globalization on the nigerian youths and the economy. It is no longer a new concept or phenomenon in the academic and business world as social scientists, journalists, business analysts, management theorists. Omolara akinyemi department of international relations,obafemi awolowo university, ile ife, nigeria. Poverty in nigeria remains significant despite high konyeaso. Ian bremmer on the 7 challenges to globalization time. Globalization, financial reporting, international financial reporting standards ifrs, nigeria 1. Globalization of production and the competitiveness of small and mediumsized enterprises in asia and the pacific. The different learning aptitudes of nations some nations are much better at taking advantage of a globalizing technology base than others.
The challenges of globalization pdf, epub, docx and torrent then this site is not for you. Challenges of globalization and quality assurance in. The gap between the minority rich and the majority poor is big and still growing. Evidently, it can be concluded that globalization has rather introduced nigeria to a great deal of problems as there are more reasons aiding the condemnation of globalization in nigeria as a problem rather than an attempt to better the country. Nigeria journal of international affairs, 321, 3245. Having discussed the impacts of globalization in nigeria, one might think that nigeria is now among the technological advanced countries of the nation. The impact of globalization on african countries economic.
The last section is devoted to conclusion and policy recommendations. Challenges tradedriven globalization has reached unprecedented pace, scope, and scale. Diversity management, challenges and opportunities in multicultural organizations patrick a. It argues that although globalization presents many opportunities, it also exposes developing countries like nigeria to many new challenges. Strategies to overcome these challenges were also proffered such as improving the standard of education, investment in research and development, striving towards trade. Rahiu economic globalisation in the 21 century and nigeria south mrica relations. One important implication of this development is the revolution in information dissemination. This paper identified the challenges of globalization on the economic development of nigeria. The challenges of entrepreneurship in dynamic society. Globalization and its impact on the nigerian society. Nigeria and globalization drive and globalized status of nigerian financial services sector respectively.
This informs james 1997 to state that english language is a killer language. The challenges of entrepreneurship in dynamic society 1 1 3445 m. Nwokah and adieles 2015 preoccupation is an assessment of the socioeconomic impact of globalization in nigeria, comparing the differences of these impacts in the public and private sectors. To examine the effects of globalization on the nigeria economy. Introduction globalization has become a major topic of discussion and concern in economic circles since the mid1990s.
74 1311 334 315 305 1128 272 832 1050 480 819 268 738 502 789 746 1432 391 569 49 123 611 82 836 1186 1569 340 1139 37 325 680 879 693 398 1271 1362 738 220 1030 1073 793 683 395 1362 687 556 1235 1069 1403 832 99