University Links: Home Page | Site Map
Covenant University Repository

Globalisation and Its Effects on Poverty: A Conceptual Approach

Okafor, Chinwuba A. and Omo-Omoruyi, Osunde (2006) Globalisation and Its Effects on Poverty: A Conceptual Approach. Journal of Management and Enterprise Development, 3 (1). pp. 31-34.

[img] PDF
Download (40Kb)

Abstract

Globalisation, which is the interconnectedness of various regions of the world, has many dimensions. The economic dimension, that is, the integration of domestic economies with the world economy and its resultant increase in economic interdependence of all nations through trade and free movement of factors of production, is perceived to be the heart of globalisation. Though this paper recognises the colossal economic benefits of globalisation especially for developed economies, it emphasises that globalisation has led to the marginalisation of developing economies of Africa, Asia, and Latin America. Globalisation has adversely affected developing nations resulting in loss of jobs, misery, health hazards, and abject poverty of their peoples. The paper therefore, argues that for poverty alleviation programmes to be effective and efficient and for the growth of Nigerian economy, the government has to ensure consistent macroeconomic policies and adequate infrastructural development to spore increase in capacity utilization and export to reap the benefits of globalisation.

Item Type: Article
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mr Solomon Bayoko
Date Deposited: 07 Oct 2014 10:03
Last Modified: 07 Oct 2014 10:03
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/2798

Actions (login required)

View Item View Item