Political Economy of Unequal Exchange and Economic Development Strategy in Developing Countries: Nigeria Experience

Simple item page
dc.contributor.authorShitu, Abdul Muftah
dc.date.accessioned2025-02-02T21:06:14Z
dc.date.available2025-02-02T21:06:14Z
dc.date.issued2015-09-17
dc.descriptionDescriptive and Qualitative Research Study/Design
dc.description.abstractThe objective of the study is to examine the historical Perspective of systematic transformation and incorporation of Nigerian economy into the world capitalist system. The world economy today is based on global relationship of production and distribution (Exchange) which has led to polarization of the world system into the concept of the Metropolis and Satellite. The colonial experience of many developing countries both in Latin America and Africa Countries underline a relationship of exploitation, domination and continuous dependency of less Developed Countries (LDCS) on the centre rather than achieving an autonomous capitalist development. Most of the LDCS are still tied to the apron-string of the forces of neo-colonialism and imperialism due to the contradictory dialectical economic structures of capitalism. These contradictions include contradictions of exploitation, appropriation and expropriation, polarization between the Metropolis and the Satellite. There is contradiction of continuity and change as seen in the economic malfunction and imperfection of the macroeconomic indices for growth and development of most Developing Countries. The paper therefore analyses the historical perspective of transformation and absorption of Nigerian economy into the world system and recommends various policy options that would lead to sustainable growth and development in the economy. Key Words: Less Developed Countries (LDCS), development, under-development, world system, colonialism, capitalism, exploitation, Unequal exchange and dependency.
dc.description.sponsorshipAuthor Sponsored
dc.identifier.citationShitu, A. M. (2015).
dc.identifier.issnP-ISSN2279-0845, e-ISSN 2279-0837
dc.identifier.urihttps://kwasuspace.kwasu.edu.ng/handle/123456789/3861
dc.language.isoen
dc.publisherIOSR International Journal of Humanities and Social Sciences
dc.relation.ispartofseries2279-0837; Report Number, 9
dc.titlePolitical Economy of Unequal Exchange and Economic Development Strategy in Developing Countries: Nigeria Experience
dc.typeArticle
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
C020921218 RESEARCH.pdf
Size:
169.6 KB
Format:
Adobe Portable Document Format
Description:
Download
Thumbnail Image
Name:
C020921218 RESEARCH.pdf
Size:
169.6 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed to upon submission
Description:
Download
Collections
Scholarly Publication