Globalization and the Political Future of Nigeria

Although some may doubt the impact of globalization on the African continent, the recent surge of world oil prices to their highest recorded levels, triggered by the threat of strike in Nigeria may dispel the myth. If levels remain above US$50 per barrel through the coming winter, a worldwide recession is not out of the question, the article says. Today's economic, scientific, environmental, social, and geopolitical realities necessitate strong interdependence, from developing countries to the biggest industrial powers. If, as the article contends, nations are "no longer free agents," the future of Nigeria and nations like it in the world community depends upon ending political turmoil and creating an attractive climate for foreign investment. Likewise, the energy-thirsty world community cannot afford to neglect the internal turbulence in oil rich-Nigeria. As the 2007 elections approach, the viability of Nigeria's fledgling democracy is at stake, and, in a globalized world, so may be the stability of multiple others. –YaleGlobal