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Economic Globalization and Poverty Reduction: A Nigerian Perspective

Author

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  • Maria Chinecherem Uzonwanne

    (Department of Economics, Nnamdi Azikiwe University, Awka, Nigeria)

Abstract

This study aimed to look at the impact of economic globalization on African countries with special attention to Nigeria. It tried to answer the fundamental question underpinning globalization: Has globalization really increased poverty as against poverty reduction in Africa? The philosophy behind globalization envisages the growing interconnection of human activities, the imperatives of local, national and regional economic integration and interdependence as well as responding together to global problems. Dependency theory gave basis to the work in order to ventilate the subject of the study. Data for the study was collected from a secondary source. Descriptive statistics was used in analyzing the data. The Chi-square and the F-distribution done with the help of E-views showed that economic globalization has increased poverty as against poverty reduction in Nigeria. Consequently, the study recommended a way out: globalization properly understood, translates into human, economic and ecological solidarity.

Suggested Citation

  • Maria Chinecherem Uzonwanne, 2018. "Economic Globalization and Poverty Reduction: A Nigerian Perspective," Journal of Economics and Political Economy, EconSciences Journals, vol. 5(3), pages 410–423-4, September.
    • Handle: RePEc:cvv:journ1:v:5:y:2018:i:3:p:410-423
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    References listed on IDEAS

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    1. Johnson, D. Gale, 2002. "Globalization: what it is and who benefits," Journal of Asian Economics, Elsevier, vol. 13(4), pages 427-439.
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    3. Rao, B. Bhaskara & Vadlamannati, Krishna Chaitanya, 2011. "Globalization and growth in the low income African countries with the extreme bounds analysis," Economic Modelling, Elsevier, vol. 28(3), pages 795-805, May.
    4. David Dollar & Aart Kraay, 2004. "Trade, Growth, and Poverty," Economic Journal, Royal Economic Society, vol. 114(493), pages 22-49, February.
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    Keywords

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    JEL classification:

    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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