Globalization and Socio-Cultural Development in Africa
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Date
2013
Authors
ODEH, Lemuel Ekedegwa
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Publisher
Faculty of Arts University of Ilorin, Ilorin, Nigeria
Abstract
The world is gradually becoming a mono economic block where different nationals and different economic policies such as the capitalist oriented and the communist oriented are found to be extending their tentacles outside their immediate geographical confines. Scholars have termed this process i.e. the gradual efforts at making the world economy to tend towards a capitalist economy, as “Globalization”. Different people at different times have called this process by a different nomenclature. For example, in the 1960’s and 1970’s scholars of these changes used the word “Internationalization of economics”. Most Africans are of the view that the process of globalization is detrimental to the socio-cultural development of Africans; while Eurocentric scholars are of the view that globalization has been beneficial to Africa. This paper seeks to determine the specificity of the globalization process in the economic development of Africa. This paper argues that globalization is not the answer to African’s trade and economic development. Rather globalization has served as a clog in trade and economic development of Africa. Therefore, there is the need by Africans to embark on urgent steps to enable her flow with the tide of the globalization process. Such steps include, development of stronger regional grouping, promoting trade, investment, good governance, tackling the problem of debt servicing, and the enhancement of human development.
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Keywords
Globalization, Socio-Cultural, Development, Africa