Review: Effect of Globalization on the Polical Economy of Nigeria

The study is the review of the effect of globalization on political economy of Nigeria. It tried to review the concepts of globalization by different authors, statement of problems. It further looked at political economy as a whole. The study highlighted the benefits of globalization to the Nigerian economy. It also reviewed the theory of mercantilism which was adopted by the study. The study therefore concluded thus: The Nigerian government is in the position to benefit from the experience of other nations by following their examples within the confine of globalization for the development of her economy. Our leaders should be proactive in the formulation of policies that will embrace total participation. There is need for us (Nigerians) to protect our common heritage resources and services like water, land, air, forest etc. from co modification and wanton privatization. Therefore, there is the need for the nation‟s new democracy to go beyond party politics, and the need to include civil society grassroots initiatives, and local ownership should be encouraged.