Globalization and Crisis of Development in the Global South

Abstract

Globalization has created two worlds in the international system---the Global North and the Global South. Although all countries of the world have benefited from globalization, it is more favourable to the Global North than to the Global South. This paper examines the plight of Global South countries in globalization and the factors affecting development in these countries. Dependency and modernization theories were used to explain the situation in Global South countries. Although there are external factors that positioned Global South in a disadvantaged position in the global market and economy, there are also internal factors that make it difficult for these countries to come out of their present state. Such factors include internal conflicts, corruption, lack of infrastructural facilities like good road networks, water, electricity; and lack of good policies geared towards the protection of indigenous industries. This study, therefore, strongly recommend that political leaders and public officers in the Global South should shun corruption and selfishness in order to sincerely build the political will to bring the desired development to their people.