Globalization and the Recolonization of the Third World: A Critical Analysis
Publication Date: 03/06/2019
Author(s): Sheriff Ghali Ibrahim, Mustapha Abdullahi Aliyu.
Volume/Issue: Volume 2 , Issue 2 (2019)
Abstract:
The paper is an investigation into the ambiance of contemporary trends of globalization; it delves into the global viewpoint and position of the third world in the globalized world. Secondary methodology is being adopted as an instrument of library research and findings show that, the third world countries are losers and nothing but victims of globalization. The paper concludes that, when some people see globalization as advanced capitalism, others hold that it is re-colonization in disguise aimed at sustaining Africa as a perpetual Western underdog. Glaring economic indices attest that Africa is today the last moral test to the West. Over $300b out of $800b of Nigeria’s crude sold since the oil boom has been siphoned to Western strong banks in connivance with their overlords. The paper recommends that, the third world countries in order to fit in the era of globalization have no option other than: to improve agricultural production for sustenance and exports; to embark on massive industrialization process even with the help of other advanced third world nations in Asia; to fight poverty, illiteracy, corruption and insecurity, among many other prospects.
