Unravelling the relationship: colonial legacies, globalization and the persistence of poverty and inequality in Nigeria and South Africa
Keywords
Loading...
Authors
Issue Date
2023-07-14
Language
en
Document type
Journal Title
Journal ISSN
Volume Title
Publisher
Title
ISSN
Volume
Issue
Startpage
Endpage
DOI
Abstract
This thesis addresses the unexplored relationship between colonial legacies, globalization, poverty, and inequality in Nigeria and South Africa. Both countries, as the largest economies on the African continent, face significant poverty rates. By conducting a comparative case study and analysing secondary data, the thesis examines poverty rates, inequality, economic globalization, and the legacies of colonialism.
The findings confirm that colonization has perpetuated economic disparities and resource exploitation, thereby contributing significantly to poverty and inequality. The legacies of colonialism are still evident today, with regional disparities in poverty rates in Nigeria and racial inequalities in South Africa. It became evident that the relationship between economic globalization and poverty is complex. In Nigeria, initial trends suggest a positive relation between economic globalization and poverty reduction. Nevertheless, recent years have witnessed a reversal of this trend, with poverty rates increasing despite positive economic globalization indicators. In South Africa, the impact of global market integration on poverty rates has contradictory outcomes. On one hand, increased integration has been associated with a rise in poverty rates, indicating a negative relation between globalization and poverty. On the other hand, it has also been linked to a decrease in poverty, indicating a positive relation. Furthermore, this research also highlights the presence of exploitative paradigms nowadays, resembling a new form of colonialism.
Description
Citation
Supervisor
Faculty
Faculteit der Managementwetenschappen