Abstract
Nigeria-United States relations remain a critical aspect of Nigerian foreign policy. The
demands, challenges and competition of this 21st century have made it pertinent
that Nigeria review her relation/interdependency with United States in order to
benefit maximally from their relation. One would have thought that Nigeria-US
economic relation since 1960 would have moved Nigeria from being a Third world
nation to at least a Second world nation but like the story of any other
developing economy dealing with developed economy, Nigeria has remained the
same if not worst. Nigeria has remained just a market for the U.S. to buy her
crude oil and sell her manufactured goods. United States, adopted the policy of
globalization, democratization, free market and liberalism. However, one may
say that the reason behind US democracy in Africa is to create “FREE
ATMOSPHERE” for the implementation of International Monetary Fund and World
Bank inspired Adjustment programs, thereby reinvigorating the type of market,
which made Europe prosperous.
Globalization has been viewed as the bilateral relations that exist between countries for
either political or economic purpose and also a means of developing the
underdeveloped countries with technological advancement from developed
countries. Globalization remains a subject on which there has been
comprehensive and unyielding misunderstanding especially concerning the
constraints that it is not placed on the power of government. It describes the
increasing flow of goods, services, capital, technology, information, ideas and
labour at the global level driven by universal policies and technological
changes (Okafor, 2014). At the top political and economic levels, globalization
is the process of denationalization of markets, policies and legal system and
at the economic level, it is seen as the process of cooperation between and
among their factories and products around the world at ever more rapid rate of
speed in search of cheaper labour, raw materials and government willing to
ignore or abandon consumer, labour and enforcement protection laws (Okafor,
2014). It is a process or set of processes which embody transformations in the
spatial organization of social relations and transactions generating
transnational and interregional flows and network of activities.
In concrete terms, globalization is the intensification of
cross-border trade and increased financial and foreign direct investment flows
among nations, promoted by rapid advances in and liberalization of
communication and information technology (Islam, 1999 and Aninat, 2002). Held
(1999) argues that globalization is multi-faceted phenomenon.
The broad objective of this study is to critically examine the impacts of
globalization on interdependence of develop and developing sovereign states,
examine the various impacts of globalization on political space of
interdependent sovereign states, and also investigate how globalization has led
to interdependence of developed nations and developing sovereign states.
A research study of this nature will shed light on some of the benefits of
globalization and its various impacts on interdependence of developed and
developing sovereign states. The study will serve as an important database for
federal, state and local government on ways of improving development in Nigeria
through globalization.
This research study will cover the impact of globalization on interdependence of
developing and developed sovereign states using United States of America and
Nigeria as case studies,
Five Chapters available
