The Impact Of Globalization On Nigeria - 2115 Words

Impact of Globalization on Nigeria Ahmet Harun Ãâ€"zdemir BoÄŸazià §i University Author Note This paper was prepared for Program 4, Section 1, taught by Nayat Basma ABSTRACT Expanding information environment which is led by internet, e-mail, free trade and openness and information sciences, have reduced the world a global village. In these modern times, there has been unbelievable alteration in almost all aspects of the society. It is a prevalent belief that globalization holds the key to instantaneous international marketing growth and development. However, Nigeria is, no doubt, facing many new challenges besides many opportunities. Thus, Nigeria does not gain advantages from globalization. The paper also suggests ways which negative effects of globalization can be examined. INTRODUCTION Shanker and Luo (2004:199) address to globalization as â€Å"the growing economic interdependencies of countries worldwide through the increasing volume and variety of cross-border processes in goods and services and of international capital flows, as well as through the widespread and rapid expansion of technology and information.† Globalization typically involves economic integration; the transfer of policies across borders; the share of knowledge; cultural stability; the reproduction, relations, and expressions of power; it is a global process, a concept, a revolution, and an establishment of the global market free from sociopolitical control. It has helped to makeShow MoreRelatedEssay on The Pros and Cons of Globalization900 Words   |  4 PagesGlobalization can be defined as the system of interaction among the countries of the world in order to develop the global economy. 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