Open Journal of Political Science, 2020, 10, 460-480 https://www.scirp.org/journal/ojps ISSN Online: 2164-0513 ISSN Print: 2164-0505 DOI: 10.4236/ojps.2020.103028 Jul. 9, 2020 460 Open Journal of Political Science Globalization and Nigeria’s Economic Development—A Study of the Interconnectedness Juliana Popoola University of Ibadan, Ibadan, Nigeria Abstract Globalization, like many other concepts in the social sciences, has a variety of definition as there is no single definition for it. It is one of the few phenome- na for which there is no accurate timestamp. Waters’ (1995) definition of globalization is used through the course of this work. Globalization is there- fore defined as a social process in which the constraints of geography on economic, political, social and cultural arrangements recede in which people become increasingly aware that they are decreasing, and people act accor- dingly. Development, according to Todaro (1981), is a multi-dimensional process involving the reorganization and reorientation of the entire economic and social systems. Economic development is thus, the process in which a na- tion improves the living standard of its people as well as their political, social well-being. The research methodology employed for this work was explora- tory methodology which is targeted at satisfying researcher’s desire about specific social phenomenon. Also, secondary sources of data and data collec- tion were used. Secondary sources are secondhand information in which has been used by other people other than the researcher himself. The secondary sources of data collection used are library and historical works, published da- ta, internet sources, government and public sector research. Modernization theory was also adopted in shedding more light to work. Modernization theory refers to a radical paradigm that is based on the bipolarity, from a pre-modern or conservative culture to an industrial or Western society. The product of this research concludes that there is interconnectedness between globalization and economic development in Nigeria, which in turn increases the rate of unemployment and hinders democratic development in Nigeria. Globalization was discovered to be the root cause of massive unemployment rate in Nigeria and the hindrance to democratic development in Nigeria. Globalization has an unequal relationship between developed and developing How to cite this paper: Popoola, J. (2020). Globalization and Nigeria’s Economic De- velopment—A Study of the Interconnected- ness. Open Journal of Political Science, 10, 460-480. https://doi.org/10.4236/ojps.2020.103028 Received: September 16, 2019 Accepted: July 6, 2020 Published: July 9, 2020 Copyright © 2020 by author(s) and Scientific Research Publishing Inc. This work is licensed under the Creative Commons Attribution International License (CC BY 4.0). http://creativecommons.org/licenses/by/4.0/ Open Access