Globalization and Economic Rehabilitation and Reliance
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National Association for Research Development (NARD)
Abstract
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Globalisation form the optimistic liberal perspective is the tool that will
eventually reduce inequalities among ami within stales. The liberal
orthodoxy posits a world ccono111Y in which a global incrense in transaction
is driven by technological and by scl!:..maximizing decision of private actors.
This paper starts by tracing how, over the past four decades, the
industrialized countries exhorted less developed countries to open up their
economies to global investments. It also enunciates in detail the benefits
accruing to nations generally; ami to Nigeria in particular with this free flow
of movement of capital, goods and services across borders. Statistics as to
the Nigerian trade performances in the last three years are exhibited.
Comparison is also made with other viable countries. Conclusions are
drawn; while suggestions are propounded as to the areas of focus on
products, services and the possible countries lo deal with particularly on
trade agreement (s).
Keywords
HF Commerce