Impact of Globalization Induced Economic Integration on Nigeria's Economic Growth
Abstract
Globalization has significantly influenced Nigeria's economic growth through increased trade liberalization, foreign direct investment (FDI), and technology transfer. While these factors have contributed to industrial expansion, infrastructure development, and job creation, they have also led to economic disparities, external vulnerability, and environmental degradation. This study examines the effects of globalization-induced economic integration on Nigeria's economic growth by analyzing key economic indicators, policy responses, and recent empirical findings. The research highlights the dual impact of globalization; its role in driving economic opportunities and its challenges in creating unequal economic benefits. Strategic policy measures, including improved industrial policies, social safety nets, and environmental sustainability initiatives, are recommended to optimize the benefits of globalization while mitigating its adverse effects. By implementing these measures, Nigeria can harness the full potential of economic integration to foster sustainable and inclusive growth.
