John Olushola Magbadelo

At no other time in the history of the world has the crisis in the global economy become a serious concern as it is currently the case. The promise of globalization at its inception, which was widely expected by both developed and developing countries as the resultant outcome of a process that would promote beneficial interdependence among countries of the world, seems to be ebbing and fizzling away in contemporary times.

Over the years, the term ‘globalization’ has acquired notoriety in all forms of intellectual exchanges in the social sciences and other disciplines. But, its common usage and definitions have ubiquitous references in matters bordering on trade or economic relations among countries of the world.