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ABSTRACT
This research work Globalization and its impact on the growth of the Nigerian economy from periods of 1986 to 2008 is basically to determine the impact of globalization on the Gross Domestic Product of the Nigerian economy as well the impact of financial integration on the Nigerian economy. It was found out in recent years that the Nigerian economy has developed economically wise due to globalization. Globalization being a process of interconnections between countries of the world has turned out to have a positive effect on the Nigerian economy most especially in the telecommunication and industrial sectors of the Nigerian economy.
This work shows the impact and those variables responsible for the impact. From evaluation and analysis of result, this work shows that only Foreign Direct Investment proved to have a positive impact on the Nigerian economy through globalization and hence it should be given lots of concern. Other variables used alongside Foreign Direct Investment, in judging this impact were Real Interest rate, Openness and Real Exchange Rate.
Also necessary recommendations were made at the concluding part of this work (chapter five) to help boost the economic growth and development of Nigeria based on the indices used if properly applied and implemented.
