The Third World Option in a Globalized Building Materials Market: The Nigeria Case Study

Abstract

Globalization has been described as a world phenomenon that provides a level ground for competitive rivalry between economies, skills, goods, technological and industrial products, etc, from every part of the global World- More Developed Countries (MDC) and Less Developed Countries (LDC) alike. In this study, the extent to which the ground is “level” for globalization is examined between the more and less developed nations of the world, using Nigeria as a study case for the latter. The study examines the relationship of globalization to the level of industrial and economic development of nations in general, and specifically, the industrial and economic status of Nigeria in the committee of nations. The study notes the wide disparity in the level of industrialization and economic development between the more and less developed countries of the world. Drawing from history and experience and enlisting certain social economic and environmental theories relevant to the industrial and economic development of nations the study concludes and makes a case against third world nations from procuring building materials from a globalized market. Further, the study suggests the enactment of state policy measures and interventions capable of protecting native industries and production technology from the choking influences of those from industrially, more developed, nations of the world.