Wednesday 3 December 2014

GLOBALIZATION IS AN UNEVEN PROCESS IN WHICH DEVELOPING COUNTRIES HAVE NO Say


ABSTRACT
Globalization is a world-wide movement from local to a universal socio-economic system aimed at unifying the world market into a global village accessible to all, which no nation cannot stop but can only study its features and effects and key into enjoying the dividends of globalization. Theoretically, this paper X-rays the contributions of the Third World Countries (TWCs) to the process of globalizationwith a thrust overview of its features, positive and negative effects to these countries economy with the hope of proffering ways for sustainable development in the face of globalization. The paper concludes that TWCshas not benefited enough from the globalization owing to the undue position it stand in the global economy as the producer of raw materials, low manufacturing exports and the underdevelopment of the domestic financial markets. Globalization is a tool for development and knowledge but knowledge is power and knowledge is dynamic. For TWCsto command power in the global arena they must keep abreast with changes in knowledge. The main problem is that without the necessary facilities and knowledge, globalization will be a mirage in the TWCs economy.
INTRODUCTION
As globalization engulfs all corners of the world and third world countries in particular, what are the claims of the exponents of globalization towards the economic development of thesecountries? Has globalization as an international economic force really improved the economy of TWCs?In this regard some of the principal challenges of TWCs development in globalizing world are related to the development of global village as facilitated by international communication structures and processes, unification of global economy through global market and institutions within the international financial system; continuing subordination of TWCs in international political economic relation, arising from unequal exchange and development, high rate of urbanization in TWCsand social particularism arising from class, ethnicity, gender, racism and religious segregation.
CONCEPTUAL CLARIFICATION
Conceptually, globalization could be seen as internationalization, which means the intensification of cross – border links between nations, liberalization (a process by which government imposed restrictions and barriers are removed to create an open international economy). Adejo (2003) defines globalization as “the integration of economies worldwide through trade, finance flows and widespread adoption of information technologies and internetworking. Globalisation is an increasing interconnected and inter dependent world in international trade management, administration, communication, investment and finance (Wolfensohn 2001).It can also be refers to a number of elements as the broadening and depending linkages of national economies into a worldwide market for goods and services and especially, capital due to developments in media technology and communication. Globalization brings with it a growing tendency towards the universal homogenization of ideas, cultures, values and even lifestyles. Globalization connotes the liking of the world to become a single entity through the development of strategies/systems to turn the whole world into one global village. It indicates the modernization of the world through trade, banking, communication and transport etc. The North and South see globalization as the process where by commercial enterprises increase their activities across national boundaries, utilizing the opportunities for the international trade and simultaneously spreading their cultural and societal values.
THEORETICAL FRAMEWORK
The dependency theory seems to provide the best framework for this study. Thistheory best illustrates the exploitative natures of the developed countries to the less developed country (LDC) which led to dependency. In this study, some scholars in Latin America and Africa have their views concerning this theory. They include: Dos Santos, Andre Gunder etc. According to Dos Santos (1979) “Dependency relates to a situation which the economy of certain countries is conditioned by the development and expansion of the other to which the former is subjected.
There basic assumption is that there is a dialectical relationship between development and underdevelopment, in other words according to Andre Frank (1975) “Development and under development are two different sides of a universal historical process.” To him what causes under development in third world is as a result of what brought about development in Europe and America. When looking at this theoretical framework we talk about the centre of the centre which refers to develop countries of the world, while the periphery refers to the developing countries of Africa, Asia and the Latin America. This relationship where the developed countries dictate the terms of their co-existence economically, socially and politically, lead to uneven balance in the global system. The peripheries are primarily producers of cash crop (raw materials) which are cheaply sold to feed the industries of the centre. While the centre are producers of industrial goods, sold at high price to the periphery.
HISTORICAL DEVELOPMENT OF GLOBALIZATION
The globalisation phenomenon is said to have a history dated to the 15th century and in particular, from the 17th century. Between 1642 and 1914, there was a break up of empires in Europe, which gave birth to the emergence of nation states with separate sovereignties. The relationships between these states were unsatisfactory and led to the two world wars. The end of the second war saw the emergence of two superpowers, the United State of America and the Soviet Union with each of the powers creating spheres of influence with their capitalist and communist ideologies respectively. The cold war that existed between these superpowers divided nation states, groups and individuals into capitalist and communists. Nation states particularly in Africa exploited the cold war situation by playing off the United States and the Soviet Union against one another. The cold war continued until the early 1990s when the Soviet collapsed leading to the revision of communist economic ideology. Thus it was the collapsed of the Soviet Union that p rovides background for the New World Order and the current globalisation agenda.
New World Order and indeed globalisation as it has been observed earlier is not only economic and political, but socio-cultural in the sense that the pursuit of its goals is a comprehensive endeavour. The manifestation of the present globalisation agenda started with the Gulf War of 1991as there was no Soviet union to counter the spread of western values and beliefs as spearheaded by the United States of America. Other countries that joined the United States of America to form the industrial capitalist race include Russia, Japan, Belgium, Italy, France and Germany. For the third world countries, Adejoh (2003) has charged that western capitalist penetration was not designed to benefit the third World countries but to disrupt the indigenous order and to guarantee external Prim-mover to take charge of the entire society, although the action began with a popular slogan ‘‘developing the underdeveloped countries’’.
CONTRIBUTIONS OF THE THIRD WORLD COUNTRIES (TWCs) TO THE PROCESS OF GLOBALIZATION


COST AND BENEFIT OF GLOBALIZATION TO TWCs
Benefit of Globalization to TWCs Economy
The third world countries or developing nations have suffer cost and also benefit from the wind of globalization both in cultural, economic, and political integration. Globalisation increased specialisation and efficiency, better quality products at reduced price, economies of scale in production, competitiveness and increased output, technological improvement and increased managerial capabilities. Trade and investment can aid efforts at restructuring an economy to make it more competitive and better able to contribute to the globalisation process. Communication and mass media have the traditional function of multiplying mobility and facilitating exchange of information about goods and services. Exhibition, trade fair and media advertising, for example, help in the marketing of goods and services and provide a multiplicity of choices to consumers even if they also trigger unhealthy commercialization.
According to Noah Samara, founder of world space-Africa satellite broadcasting system, “If you look behind wealth of nations, you find information and if you look behind poverty of nations, you find lack of information’’. For sustainable development civil society and intellectual production information is truly the need for every need. Integrating global economic and communication systems are shrinking space and time and making the global village a global shopping mall. Apart from general improvements in global communication through radio and satellite television, innovative telephone through satellite and cell phones, access to the internet in many cases, is enhancing what is generally referred to as e-commerce or e-trade. The world has become a true market place of commodities and ideas. The modern banking system through electronic banking (e-banking) and automated teller machines facilitates fast and easy movement of cash (24/7) and even cashless operations.
The development of communication gadgets for instance, cell phones, and notes pad etc.had made communication easier and effective over long distances within a short period of time. Swiftly e-mail, text messages, and other social networks have replaced posting of letters which has reduced travelling and its attendant costs and risks. Manpower training anddevelopment can be more easily done by a variety of information technology tools using live or video trainers, from any place in the world. Globalization calls for innovative,dynamic and committed management.


Cost of Globalization to TWCs Economy
Globalization has imperialistic tendencies where by the developing countries at the mercy of super powers in terms of military and economic manipulations. Thisimplies that the Western world developed the concept of globalization to tie the aprons of the developing countries to themselves. This is true as the globalisation discredit indigenous cultures, values, knowledge and experience. It undermines national economic and political independence and creates worse international disparities. A major barrier to the progress of the poorer developing countries remain the trade regime in advanced economies which generally discriminate against the goods that countries of the south produce such as food, textile and clothing. Africa underdevelopment and century impoverishment is the direct precipitate of European colonization, global capitalist exploitation and ruthless extraction of resources especially in the name of debt servicing by international finance institution of IMF and World Bank.
The policies of deregulation, privatization and commercialization, which have been packaged by the International Monetary Fund, the World Bank and the World Trade Organization, do not take into account the socioeconomic peculiarities of TWCs, and therefore cannot lead to industrialization. The process of privatization, for example, was marred by corruption, insincerity and politicking by the political class. Foreign participation cannot lead to industrialization. Rodney (1972) suggested that all forms of development must start within a country and not from outside Globalization does not seem to be giving us much even in terms of technological transfer, industrialization and economic development in general. The mass importation of electronic communication and military gadgets without commensurate exportation of goods as compensation has left unfavourable balance in terms of trade and deficit balance ofpayment making TWCs debtor nations (Dumping of goods as part of economic liberalization).
CONCLUSION/RECOMMENDATIONS
In conclusion, this work has been able to examine the concept as well as impact of globalization on the International relations of third world countries. It is revealing to note the impact of globalization is not one sided. It has both positive and negative impact on third world countries. It is true that the choice to make it in this twenty first era of globalization lies principally on how the third world wants to accept the challenges of globalization, as well as make choices. It is time to reflect more now on how these choices could either develop or under develop the third world.

REFERENCE
Andre Gunder Frank, and Dale Johnson, eds (1972). Dependence and Underdevelopment.           Garden City, New York: Anchor Books
Dos Santos, Theotonio, (1971). The Structure of dependence. Pp 225-236 in K. T Kan     and      Donald Hodges (ed) Readings in the U.S imperialism. Boston: Extending Horizon   
Naburere, E (ed.) (2000) “Globalization, The Post Colonial African State. Harare, AAPS Books.
Philips, E. S (1985) “Political Economy” New York Norton and Company Inc.
Toyo, E (2000) “Background to Globalisation”. Ibadan, ASUU.
Uroh, C (ed.) (1998) “Africa and the challenges of Development”. Essays by Samir Amin.            Ibadan: Hope publications.
Wallestine, E (1990) “The Capitalist World Economy”. Cambridge University Press.



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