GLOBAL MODERNITY, SOCIO-ECONOMIC AND CULTURAL DISLOCATIONS AND DEVELOPMENT INEPTITUDE IN AFRICA: THE NIGERIAN EXPERIENCE
No Thumbnail Available
Date
Journal Title
Journal ISSN
Volume Title
Publisher
Platinumlink Communication Abakaliki
Abstract
Description
Global modernity or the process of industrialisation where social, economic and cultural relations
increasingly take on a global scale has been very uneven between the West and African nations like
Nigeria. For many in Africa, it has not brought tangible benefits. Rather, it has led to an increasing
disillusionment due to dislocations caused by slavery, colonialism and neo-colonialism which today
have been made worse by the workings of the global free market economy for which the West are the
profiteers and Africa the losers. The paper examines the interface between the national economy
and the global economy; the unfavourable role and manipulations of the World Bank, IMF and the
WTO in the exploitation and perpetual subjugation in Africa. It also examines the effects of trade
liberalisation and the growing inequalities between the rich and the poor in Nigeria. With an overreliance
on cntde oil, the price of which is determined by the global market, policies and
programmes of government have only helped to worsen the debilitating effects of inflation,
unemployment, insecurity, hunger, poverty and hopelessness in the country, especially in the face of
current global economic melt-down. A number of solutions have been proffered which it is expected
will help capture the interests and needs of the Nigerian people and bring them into the mainstream
of true global modernity.
Keywords
H Social Sciences (General), HM Sociology