GLOBALIZATION AND REGIONALISM IN AFRICA A CASE STUDY OF ECOWAS, 2006 - 2012

📄 Project Abstract

The expansionary nature of capitalism has led to its universalisation and the consequent integration of all economies of the world -- a phenomenon known as globalization. Thus, globalization is an inevitable outcome of capitalist expansion, it is a process that has existed and predated human history. As noted by Okolie, (2006:1): ...beginning from the chiefdom, empire and feudal epochs, to the present political and economic order, globalization and its associated checklists had remained and persisted but continued to change in content and substance in line with changing pattern and character of the existing predominant mode of production It is however, pertinent to see globalization as a process that became intensified as a result of global political-economic metamorphoses that occurred in the 1980s; particularly, the neo-liberal ideological prescription of Reagan/Thatcher revolution rooted on privatization, liberalization and deregulation. This was further aggravated by the collapse o...