GLOBALIZATION AND SOCIAL INEQUALITY IN NIGERIA

Abstract

Globalization creates social inequality and instability, it poses threat to sovereignty and territorial integrity not just in the post-colonial countries of Asia and Afrika, but also in the current Westphalia state system. Globalization often tacitly embolden demands for new states. Meanwhile, neo-liberalism that works in the well-established market economies in the West has failed to meet the target in the emerging markets of the developing economies. Although globalization comes with both enriching and impoverishing impacts, yet the impacts are known to be disruptive and contribute to domestic instability.