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
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
DATA PRESENTATION AND ANALYSIS AND INTERPRETATION
4.2 Data analysis
This study is on Africa reaction towards globalization. The total population for the study is 200 staff from the office of the secretary general office. 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 office assistants, secretaries, senior staff and junior staff were used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies
- Background of the study
Globalization is a world phenomenon which means different things to different people and different things to same people across time and space. However, it refers to the growing interdependence of the world’s people. Globalization is about increasing interconnectedness and interdependence among the world’s regions, nations, government, business, institutions and individuals. Globalization fosters the advancement of a “global mentality” and conjures the pictures of a borderless world through the use of information technology to create partnerships to foster greater financial and economic integration. However, it is not just a process that integrates world economic but also cultures, technology and governance. National policy making has also been globalized as a result of the liberalization of financial markets, development in technology and activities of global institutions such as the World Bank, IMF and world trade organization. Although economic aspect perceived to be the heart of globalization. Economic globalization refers to the process of change towards greater international economic integration through trade, financial flows, exchange of technology and information and the movement of people. Open markets constitute the platform of globalization, while trade, finance and investment and entrepreneur are the heart. The countries that are more active and benefiting most firm globalization are the ones with the largest share of globalization trade and investment. African in this sense does not share in the benefits of globalization and they stand being exploited and abandoned. It should be know that globalization which claims to be the latest hope of countries, especially in Africa, has left a path of seclusion, marginalization, exploitation and depression. An example of such misery is the various authority packages designed by the institutions of globalization in Africa during the 1980’s which succeed in raising the Africa continent as a monumental debtor continent thus globalization is perceived by developing countries especially the African ones as the catalyst for the circle of poverty.
- STATEMENT OF THE PROBLEM
Africa is the least integrated within the world economy. While developing countries as a whole increased their share of world trade from 19 percent in 1971 to 29 percent in 1999, Africa as a whole performed early with its share of world trade being less than 2 percent in 1999. Specifically, the share of Africa’s trade as a global trade fell from some 3 percent in 1960 to 1.6 percent in 1997. Besides Africa was the only major region in the world to experience an absolute decline in expert earnings per persons between 1980 an 1996 (Sachs and Sievers 1999:13). Africa as part of the least integrated in world economy, it’s derived the least benefits from globalization since Africa has been the under day of the global economy. As other regions in the world are experiencing one form of development through globalization, Africa on its part is experiencing a multifaceted developmental problem through the same instrument of globalization. In the light of this, this research work is positioned to enumerated all the problems bedeviling Africa as a result of globalization and a comparative analysis would be established as the problems affects other regions of the world.
- OBJECTIVE OF THE STUDY
The objectives of the study are;
- To explain the exploitation economic philosophy of the western toward Africa
- To ascertain whether involvement of Africa in the western ideologies like globalization would continue to drag the continent background
- To ascertain the adverse effects of globalization on the economics of the countries in Africa.
- RESEARCH HYPOTHESES
For the successful completion of the study, the following research hypotheses were formulated by the researcher;
H0: there is no exploitation economic philosophy of the western toward Africa
H1: there is exploitation economic philosophy of the western toward Africa
H02: there are no adverse effects of globalization on the economics of the countries in Africa.
H2: there are adverse effects of globalization on the economics of the countries in Africa.
1.5 SIGNIFICANCNE OF THE STUDY
The significant of the study is that both the government and economies in Africa will find its useful as a guide in the advancement of strategies for solving the economic and developmental crisis in Africa. Moreover, students and prospective political economist would also be equipped with the self-interest politics being played by western power in the procurement of their interest and in the adoption of ideologies such as globalization to achieve their aim.
- SCOPE AND LIMITATION OF THE STUDY
The scope of the study covers Africa’s reaction towards globalization. The researcher encounters some constrain which limited the scope of the study;
- a) AVAILABILITY OF RESEARCH MATERIAL: The research material available to the researcher is insufficient, thereby limiting the study
- 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.
- 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. With increased global interactions comes the growth of international trade, ideas, and culture.
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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