Twelfth Global Studies Conference

Abstract

Globalisation is a process that is currently threatening to collapse the boundaries of nation-states and establish a uniform global economic and political system across the globe. Globalisation has been perceived differently by different scholars, policymakers, and analysts depending on one’s viewpoint and position within the global economic and political system. The problem with globalisation is the issue of perception where in some quotas which consist of developing economies particularly in Africa, it is identified as a negative phenomenon that is furthering the economic woes of the poor countries. This work examines the nature and process of globalisation in African context with specific reference to economic growth, trade disequilibrium, and development. The work uses secondary sources for collection of data and analysis. The analysis is made using an empirical approach with themes identified for discussion and findings. The research argues that globalisation is not a good phenomenon in African continent owing to slow economic growth, trade disequilibrium, and parallel development comparatively because of disadvantages in terms of export, volume of trade exchange, and low level of technological development. The study recommends that there is an urgent need for the African countries to restrategise and reshape their economic and political interest at the global level through the creation of a competitive means of relevance at the global centre-stage of world economy and politics.