PROJECT BODY:
CHAPTER ONE
1.0 INTRODUCTION
Globalization can be described as the rapid integration of economies and whole markets, intensified financial flows, the information revolution, and cross-cultural currents. It can also be defined as the restructuring of global capitalism, characterized by the increased profile of international financial institutions, corporations and technology.
Kwanashie, Mike (2003); stated that economic globalization is a historical process, which is a result of human innovation and technological progress. This concept “globalization” is an increasing and encompassing phenomenon and it involves the movement of labour and technology across international borders. The concept of globalization has robust theoretical underpinning, the resurgence of lasses-faire economic theory explained these facts, it encapsulates both a description of changing patterns of work trade finance, and overwhelming conviction that deregulated markets will achieve optimal outcomes for growth and human welfare. The myths surrounding globalization IS the expansion of global economy, which is synonymous with an improvement in human welfare.
According to Taiwo, (2001); is of the view that poverty alleviation is a word that has been bandied around by Nigerian leaders of government since the return of democracy in 1999. They frequently mention these words as a mark to show their commitment towards providing a better life for the people. But it appears to me that many Nigerian leaders do not understand what it takes to alleviate the suffering of the poor masses of the country. Their programmes for poverty alleviation can hardly build people’s lives and provide them with better living conditions. Little wonder many Nigerians are still trapped in poverty despite government poverty alleviation programmes across the country. There has been no improvement in the fight against poverty and this is widespread that it requires no proof.
Nigerian leaders need to take a clue from the western world on measures taken to reduce their people’s suffering. These countries have been able to achieve the desired results through the provision of welfare programmes and leverage, provision of jobs, affordable health care and counseling, investments in public schools, building affordable houses, debates on teenage pregnancy, police protection (state policing); parenting and literacy programmes etc. Nigerian government could only alleviate poverty by adopting this approach to’ eradicate the poor conditions of many Nigerian. Any government that is sincere about alleviating the suffering of the people be it at the federal, state or local government levels should begin to work in line with the above mentioned programmes in order to achieve results.
However, it is very vital to point out that globalization does not just exist as an entity on. its own but it .is developed in many other concepts like commercialization, privatization, and deregulation. There have been several campaigns, symposium and seminars nationally and internationally urging countries of the world to trade (whether within and across borders and as such agitating for world economic development.