• Globalization And Sustainable Development In Africa

  • CHAPTER ONE -- [Total Page(s) 4]

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    • Obviously, many scholars see globalization as a mere economic phenomenon, involving the increasing interaction or integration of national economic systems through the growth in international trade, foreign investments and trans-border capital flow.  However, one can also point to the rapid increase in cross-border socio-cultural and technological exchange as important and integral dimensions of globalization. In this light, Anthony Giddens, a renowned sociologist, simply defined globalization as the “decoupling of space and time.”[1]  He emphasized that through instantaneous communication, knowledge and culture can be shared around the world simultaneously.
      This idea is more explicitly portrayed by Rund Lubbers, a Dutch political economist, who defined globalization as
                     A process in which geographic distance becomes a factor of diminishing importance in the establishment and maintenance of cross-border economic, political and socio-cultural relations.[2]
      In agreement with the afore-mentioned scholars, David Held and Anthony McGrew, in their entry for Oxford Companion to Politics, made a subtle attempt to characterize globalization and its effects on socio-cultural as well as on political structures. They conceived globalization as
                     A process (or set of processes), which embodies a transformation in the spatial organization of social relations and transactions, expressed in transcontinental or interregional flows and networks of activity, interaction and power.[3]
      Observably, a common denominator here is the optimism of these scholars about globalization. For them, it is a universal process of transforming humanity into a single society or what Marshall McLuhan termed the global village.[4] This transformation, for Henry Alapiki, is usually accompanied by the intensification of universal social relations “which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa.”[5] In fact, Jan Scholte expressed this view more elaborately when he wrote that:
                     Globalization refers to processes whereby social relations acquire relatively distanceless and borderless qualities, so that human lives are increasingly played out in the world as a single place … Globalization is thus an on-going trend whereby the world has - in many respects and at a generally accelerating rate – become one relatively borderless social sphere.[6]
      While these scholars view globalization from a “social relations” perspective, others emphasize a more specific economic dimension. The tendency here is to view globalization as a rapid increase in cross-border socio-economic exchange under the conditions of capitalism.  A typical representative of this school is Prof. Oyejide who states that:
                     Globalization refers to the increased integration, across countries, of markets for goods, services and capital.  It implies in turn accelerated expansion of economic activities globally and sharp increases in the movement of tangible and intangible goods across national and regional boundaries.  With that movement, individual countries are becoming more closely integrated into the global economy. Their trade linkages and investment flows grow more complex, and cross-border financial movements are more volatile.  More importantly, globalization has been created, and continues to be maintained by liberalization of economic policies in several key areas.[7]
      However, the anti-globalization schools view the phenomenon as a worldwide drive towards a universal economic domination by supranational institutions that are not accountable to democratic processes or national governments.  Thus, from the perspective of international “political economy,” Aja Akpuru- Aja and A.C. Emeribe argue that:
                  
  • CHAPTER ONE -- [Total Page(s) 4]

    Page 2 of 4

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