ABSTRACT
This study examines the relationship between the third world countries and the western capitalist countries. It shows dependency as a phenomenon or problem of relationship that gave rise to the economic growth and development of the western world in expense of the third world societies which are economically underdeveloped, and lack the capacity and ability to control the economic system or productive processes of the societies. In our attempt to analyze and address this problem we used dependency theory for the analytical framework while documentary research method was employed in gathering and analyzing data. Unequal relationship between Nigeria and countries of the western world coupled with negative role of the Nigeria economic elite was discovered as the major problem, it was ascertained that this problem is historically rooted in foundation of the society, as such, ordinary measures are not suitable, rather concrete type in form of socialist transformation is recommended by the study.
TABLE OF CONTENTS
Title page i
Approval page ii
Dedication iii
Acknowledgement iv
Abstract v
Table of content vi
CHAPTER ONE
Introduction 1
Statement of the problem 2
Objective of the study 2
Significance of the study 3
Theoretical frame work 4
Hypothesis 5
Literature review 5
Definition of the terms 17
Method of data collection/analysis 20
Scope of the study 20
Limitation of study 21
Reference 22
CHAPTER TWO
THE ORIGIN OF DEPENDENCY RELATIONSHIP BETWEEN THE NIGERIA AND WESTERN WORLD
2.1 The pre colonial political economy 23
2.2 The colonial political economy 28
2.3 Post colonial political economy 36
CHAPTER THREE
THE RELATIONSHIP BETWEEN NIGERIA AND THE CAPITALIST COUNTRIES OF THE WESTERN WORLD
3.1 Dependency relationship 44
3.2 The positive roles of multi national corporations 46
3.3 The negative role of multinational corporations 50
3.4 High rate of importation in Nigeria 53
3.5 Foreign loan in Nigeria 58
3.6 The roles of international financial institution in
Nigeria 64
CHAPTER FOUR
NEGATIVE ROLES OF NIGERIAN ECONOMIC ELITE
4.1 Problem of corruption 70
4.2 Foreign oriented economic policies 75
4.3 The structural adjustment programme (SAP) 77
4.4 National Economic Empowerment
Development strategy (NEEDS) 81
4.5 Lack of ability of self reliance 86