The Positive and Negative Effects of Globalization in Nigeria
Globalization according to Clark and Wallace (2003) refers to a “greater interconnectedness of the world’s financial, economic, technological, political, cultural, sociological, ecological, and geographical systems” (p. 447). Globalization has various effects both positive and negative on the countries that choose to achieve the worldwide connection. In the case of Nigeria, which is classified by the U.S Department of State as a developing country, globalization occurs in four major forms, which are cultural, economic, technological and ecological. Positive effects of Globalization
Cultural: The rate at which Nigeria is globalizing its culture has allowed the country to showcase its heritage to other people of the world. It has also allowed others to become more accepting of Nigerian cultural values. Economic: The discovery of Crude Oil in Nigeria increased the countries wealth through export-centered growth. This moved Nigeria away from its original dependency on agriculture for revenue. Technological: This form of globalization has aided Nigeria in its entry into the “global village” (Akinboye n.p) that technological globalization aims to achieve. This advancement has helped the research and development facilities in the country to progress to the level that it has attained today. Ecological: This form of globalization has opened Nigeria’s doors to individuals of all other nations with many other nationalities residing in the country along with Nigerians.
Negative effects of Globalization
Although globalization seems to have improved the standards of life in Nigeria there are always two sides to a coin therefore globalization has also caused some not so desirable effects in the country. Cultural: The traditional Nigerian culture has been turned into much more of a commodity whereby it has been converted to various forms of goods and services to be marketed all around the world. The...
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