THE EFFECTS OF GLOBALIZATION IN ECONOMIC DEVELOPMENT IN NIGERIA (A CASE STUDY OF MINISTRY OF PETROLEUM)

CHAPETR ONE

INTRODUCTION 

1.1        Background of the study

1.2        Statement of problem

1.3        Objective of the study

1.4        Research Hypotheses

1.5        Significance of the study

1.6        Scope and limitation of the study

1.7       Definition of terms

1.8       Organization of the study

CHAPETR TWO

2.0   LITERATURE REVIEW

CHAPETR THREE

3.0        Research methodology

3.1    sources of data collection

3.3        Population of the study

3.4        Sampling and sampling distribution

3.5        Validation of research instrument

3.6        Method of data analysis

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS AND INTERPRETATION

4.1 Introductions

4.2 Data analysis

CHAPTER FIVE

5.1 Introduction

5.2 Summary

5.3 Conclusion

5.4 Recommendation

Appendix

 

Abstract

This study is on the effect of globalization in economic development in Nigeria. The total population for the study is 200 staff of ministry of petroleum, Abuja. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made front production human resource managers, administrative staff, senior staff and junior staff were used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies

 

 

 

 

 

 

 

 

 CHAPTER ONE

INTRODUCTION

• Background of the study

A brief look at Nigeria today one carryout find out that, like fashion and everything new in Nigeria, the spirit that greeted (the issue of globalization at its chmaxin 200) seems to have reduced. The word globalization also seen to have, gone into our  libraries as we  have the internet and cyber café, globalization has been defined by john vogi (vanguard 2003) means a world that is liberalized of barriers to trade and invest where corporation  can produce and sell almost any services and product almost anywhere globalization also in recent time involves trillions of dollars of investment. Globalization whether for or against remains a subject on which, there has been comprehensive and unyielding misunderstanding especially concerning the constraints that it does   not place on the power of government. Moreover, since globalization also means the growing inter-dependence and interconnectedness of the modern world. Furthermore, any nation or country globalization sets in the economics of that nation starts waxing stropping. According to Ayodele 1995), the increased of movement of goods, services, capital, people and information access national borders is rapidly creating a single global economy. The process is driven by technological advance and reduction in the costs of international transactions, raise the share of trade in the world pf production and increase the mobility of capital. accounting  jack straw, British pronounced in the relationships between the developed western world, which are owners of the new technologies, and the poor developing counties` which are by large consumers of  the new capitalities Nigeria is in global village hence is an importer of goods and services.

 

• STATEMENT OF THE PROBLEM

Globalization brings about economic development in an economy globalization, is termed to be  a systematic way which technological advanced countries  relate with non- technological  advanced countries to develop them by way of investing in the economy. However, the effect of globalization on developing and undeveloped countries can be vividly seen, as the developed nations (i.e. technological advanced countries) tend to use the undeveloped and developing countries as their dumpling ground, for their used products and their substandard products for example electronic. Also globalization has also faced the challenge of culture and language barrier, the variation in culture and languages of the different countries tend to affect the bilateral relations one of the challenges of underdevelopment is the inability of a country to produce and create unemployment for its citizenry, in order to meet up with economic needs and social economic needs of its members However, the research study is geared towards using the research study to solve these challenges, in the Nigeria economy.

 

• OBJECTIVE OF THE STUDY

The purpose of this study is to determine the relevance of globalization in the Nigeria economy. Specifically the study will determine the following.

1. Determine the effect of globalization on economic development
2. To find out how globalization can assist in Nigeria’s economic development
3. To examine the effects of globalization on the Nigeria economy
4. To identify the obstacles to globalization and economic development in Nigeria.
5. To suggest the possible strategies for curbing the and verse effects of globalization on Nigeria’s economic development in the globalized world.

 

1.4 RESEARCH HYPOTHESES

For the successful completion of the study, the following research hypotheses were formulated by the researcher;

H₀: there is no effect of globalization on economic development

H₁: there is effect of globalization on economic development

H₀²: there are no the obstacles to globalization and economic development in Nigeria

H₂: there are obstacles to globalization and economic development in Nigeria

1.5 SIGNIFICANCE OF THE STUDY

The result of project research work will be significant to the worker as an individual, the Nigeria masses and the government in general.

1. The study gives a clear explanation of the role and importance of globalization in the economic development of Nigeria.
2. The research study will be suggested ways of improving Nigeria economy by ways of suggesting how globalization can be use to develop the economy in the country.
3. The study will assist the country on how to maximize the potential of globalization, in developing the Nigeria society.
4. The study will expose ways of improving economic development in Nigeria through globalization
5. They will suggest and make recommendation that will be use as a guide for further studies on this project, to any student that world carry out research on similar topic

 

1.6 SCOPE AND LIMITATION OF THE STUDY

The scope of the study covers the effects of globalization in economic development in Nigeria. The researcher encounters some constrain which limited the scope of the study;

1. a) AVAILABILITY OF RESEARCH MATERIAL: The research material available to the researcher is insufficient, thereby limiting the study
2. b) TIME: The time frame allocated to the study does not enhance wider coverage as the researcher has to combine other academic activities and examinations with the study.
3. c) Organizational privacy: Limited Access to the selected auditing firm makes it difficult to get all the necessary and required information concerning the activities.

1.7 DEFINITION OF TERMS  

 GLOBALIZATION: Globalization or globalization is the process of interaction and integration between people, companies, and governments worldwide. Globalization has grown due to advances in transportation and communication technology.

ECONOMIC DEVELOPMENT: Economic development is the process by which a nation improves the economic, political, and social well-being of its people. The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries.

1.8 ORGANIZATION OF THE STUDY

This research work is organized in five chapters, for easy understanding, as follows

Chapter one is concern with the introduction, which consist of the (overview, of the study), historical background, statement of problem, objectives of the study, research hypotheses, significance of the study, scope and limitation of the study, definition of terms and historical background of the study. Chapter two highlights the theoretical framework on which the study is based, thus the review of related literature. Chapter three deals on the research design and methodology adopted in the study. Chapter four concentrate on the data collection and analysis and presentation of finding.  Chapter five gives summary, conclusion, and recommendations made of the study

 

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