Ojonugwa Julius Akubo's Blog

Introduction Globalization is the process by which countries and nations integrate socially and economically through the sharing of ideas, concepts goods and services. It simply emphasises trade between countries in such a way that there are no forms of barriers. Globalisation basically is believed to be a fertilizer to economic growth and development but over the years it has being contrary to most developing and third world countries hence the need for a closer review of globalisation and Nigeria as a developing country. What about Globalization ? According to Adams smith globalization or openness in the economy fosters world peace. It’s also believed that globalization coupled with liberalization and deregulation brings about competition which eventually results in economic growth and efficiency. That notwithstanding globalization has some negative effects on the countries on the weaker sides of every global activity like overdependence on foreign countries, debt burden, and i