This study examines the relationship between the third world countries and the western capitalist countries.
It shows dependency as a phenomenon or problem of relationship that gave rise to the economic growth and development
of the western world in expense of the third world societies which are economically underdeveloped, and lack the capacity
and ability to control the economic system or productive processes of the societies. In our attempt to analyze and address this problem we used
dependency theory for the analytical framework while documentary research method was employed in gathering and analyzing data.
Unequal relationship between Nigeria and countries of the western world coupled with negative role
of the Nigeria economic elite was discovered as the major problem, it was ascertained that this problem is historically rooted
in foundation of the society, as such, ordinary measures are not suitable, rather concrete type in
form of socialist transformation is recommended by the study.
TABLE OF CONTENTS
Title page i
Approval page ii
Table of content vi
Statement of the problem 2
Objective of the study 2
Significance of the study 3
Theoretical frame work 4
Literature review 5
Definition of the terms 17
Method of data collection/analysis 20
Scope of the study 20
Limitation of study 21
THE ORIGIN OF DEPENDENCY RELATIONSHIP BETWEEN THE NIGERIA AND WESTERN WORLD
2.1 The pre colonial political economy 23
2.2 The colonial political economy 28
2.3 Post colonial political economy 36
THE RELATIONSHIP BETWEEN NIGERIA AND THE CAPITALIST COUNTRIES OF THE WESTERN WORLD
3.1 Dependency relationship 44
3.2 The positive roles of multi national corporations 46
3.3 The negative role of multinational corporations 50
3.4 High rate of importation in Nigeria 53
3.5 Foreign loan in Nigeria 58
3.6 The roles of international financial institution in Nigeria 64
NEGATIVE ROLES OF NIGERIAN ECONOMIC ELITE
4.1 Problem of corruption 70
Murtala, L (2018). ECONOMIC DEPENDENCY AND THIRD WORLD UNDER DEVELOPMENT. NIGERIAN EXPERIENCE. Afribary.com: Retrieved April 23, 2021, from https://afribary.com/works/economic-dependency-and-third-world-under-development-nigerian-experience-5483
Lamidi, Murtala. "ECONOMIC DEPENDENCY AND THIRD WORLD UNDER DEVELOPMENT. NIGERIAN EXPERIENCE" Afribary.com. Afribary.com, 29 Jan. 2018, https://afribary.com/works/economic-dependency-and-third-world-under-development-nigerian-experience-5483 . Accessed 23 Apr. 2021.
Lamidi, Murtala. "ECONOMIC DEPENDENCY AND THIRD WORLD UNDER DEVELOPMENT. NIGERIAN EXPERIENCE". Afribary.com, Afribary.com, 29 Jan. 2018. Web. 23 Apr. 2021. < https://afribary.com/works/economic-dependency-and-third-world-under-development-nigerian-experience-5483 >.
Lamidi, Murtala. "ECONOMIC DEPENDENCY AND THIRD WORLD UNDER DEVELOPMENT. NIGERIAN EXPERIENCE" Afribary.com (2018). Accessed April 23, 2021. https://afribary.com/works/economic-dependency-and-third-world-under-development-nigerian-experience-5483