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Economics
- ISSN: 2155-7950
- Journal of Business and Economics
Economic Globalization and World Politics: Rethinking or Tinkering
Options for African States
Idowu Samuel Sunday, Sarumi Fausat Remilekun
(Covenant University, Nigeria)
Abstract: Globalization is a household name today and myths surrounding it have risen not only out of its many faces but equally varied perspectives. Economic globalization is central and more visible with direct effects on daily living of people, bears indispensable impact on nation-state economy and very sensitive to governance in regards to policy choice by state. Right choice is important to Africa States. Thus, this paper adopts historical research method to descriptively analyzed secondary data toward facilitating making of appropriate choice. It posit that either a “tinkering” or “re-thinking” response to economic policy option(s) — defensive nationalism, positive nationalism, symbolic nationalism and offensive intervention, determines the benefits or burden they bear as the environment changes in economic globalised world. Therefore, we conclude that economic policy choice must be weight, chosen base on merit with consideration for citizens and as prevailing situation demand.
Key words: economic globalization; world politics; Africa statsJEL codes: F
