Globalisation and The Politics Of Economic And Social Development In Africa

Abstract

Globalisation, though seen as the catalyst for social and economic development across the globe, its over bearing influence on national economies particularly in Africa and the rest of other developing economies has led to compromising national sovereignty, institutions of governance, moral rectitude and the plunging of the entire global community into sharp divide between the North and the South with the North having superior advantage over the south as a result of its technological strength. In this paper, the authors identified globalisation as a phenomenon used by advanced democracies to hold on to the control of international economies at the expense of developing world through its strong institutions: political, economic, social and cultural. Data for this study was gathered through primary and secondary sources. Primary sources were through structured oral interview and focus group discussion while secondary sources were from documented sources. Data was qualitatively analysed from 30 respondents drawn from 3 Departments in the University of Calabar – Departments of Political Science, Economics and Social Science Education. The major finding of the study revealed that globalisation has great positive and negative impact on social and economic development in Africa.