Globalization and the Rise of China in Africa: Study of Nigeria
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2022-12
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Lead City University
Abstract
The globe has actually observed enhanced connection in the last twenty years, thanks to globalization. The primary motive power of this procedure is the internet, innovation, competitors as well as plan and also it subordinates domestic economies to worldwide market problems as well as methods. Chinese influence in Africa is high on the global agenda, as China within just a few decades has become a key political and economic power in the continent. Indeed, its emergence as a dominant economic and political actor might be the most important development in Africa since the end of the Cold War. This research analyses China’s economic and political relations with Africa beginning in the 1990s. Established nations are somewhat the recipients of globalization as their share of globe profession as well as financing has actually been increased at the cost of establishing nations bulk of which are domiciled in Africa. The study relied on secondary sources of data collections such as magazines, books, journals, reports and so on. The findings of the research revealed that Nigeria as well as China have actually profited from their polite relationships yet the partnership is not equally gratifying, having actually been slanted in the direction of China. The unequal connection in between both nations has actually raised the dependence of the Nigerian economic situation on China and also threatened its financial safety. The study recommends that, Africa and Nigeria in particular need to look internal for indigenous plans as well as programs of development created deliberately for Africa by Africans to develop themselves.
Keywords: Globalization, Economic Development, Development, Nigeria, China
Word Count: 256
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Kate Turabian