Globalization And Its Impact On Economic Growth Of The Nigerian Economy

CHAPTER ONE 1.1            BACKGROUND OF THE STUDY Generally, globalization can be viewed as the integration of national economics through trade, capital flows and the accompanying convergence of economic policies. It is the process whereby political, social, economic and cultural relations increasingly take on a global scale and which has a profound consequence for individual’s local experience and everyday lives (Bilton, 1997). The definition above implies that globalization operates both at global and local levels and therefore impacts on the economy and politics of a country as well as the…