Globalization, Culture and Development

Jerome Nyameh, Abdulhadi Haruna Aliyara and Luka M. Bambur

Journal of Social Economics, 2015, vol. 2, issue 1, 1-6

Abstract: The world‟s struggle on development has become major issue of concern to all, against the contrary opinion that only the third world countries are moving within the circle of poverty underdevelopment and economic backwardness. The recent happening with the so called superior countries, like the economic meltdown, financial crisis and many other economic evils, is an indication of underdevelopment. Hence there is a need for increasing worldwide integration of economic, cultural, political, religious, and social systems particularly on the economic globalization which the whole world becomes a single market and cultural harmonization. This means that goods and services, capital, and labor are traded on a worldwide basis and common culture of those processes is created, accepted and implemented, allowing information and the results of research flow readily between countries. Research has shown that the diversity in the cultural reference of the different countries slows or hampered the process of development which may have been a benefit of the globalization strategies and effort. The papers examine globalization and its effect to culture and development with a view of developing globalization strategy that will harmonize and consolidate cultures to be uniform in areas of development. The possibility of global culture and development is achievable and will fast track development in the globe and the rate of backwardness in areas of development, would be limited compare to the present. The paper presents a model that incorporates the main ideas of the paper and suggests a new perspective for thinking about how to foster and manage global culture and development to achieve high levels of economic performance.

Date: 2015
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