Globalization And Developing Economies: Problems And Prospects

Abstract

The paper appraised the problems and prospects of globalization
to developing economies (like Nigeria). Thus, the main objective
was to expose the possible economic benefits of globalization and
at the same time highlighted the negative economic consequences.
Even though, the study is descriptive in design, yet it relied on
secondary source of data from internet, documents, texts,
conducted research reports, presented papers etc.
Recommendations were proffered to enable developing economies
ripe more benefits from globalization among others that they should
provide economic environments that are conducive, capable of
attracting foreign investors and strong enough to support the
strength and capacity of the domestic industry, otherwise, the
globalization opportunities could only be seen as a mirage.