Globalisation, Governance and Economic Growth in West Africa: The Case of Cote D' Ivoire and Nigeria

摘要

Globalization conveys varying messages to its audience due to its trans-disciplinary nature, and the pattern of governance and socio-political atmosphere in a given economyudcan influence the e),.1entto which globalization is harnessed. The study examined the influence of globalization and governance on economic growth in West Africa, drawing empirical facts from Cote d'Ivoire and Nigeria. Data sourced from IFS and Polity IV for the period 1960-2004 were analyzed using parsimonious error correction model after Carrying out stationarity and cointegration tests. Whereas the measure of globalization was found to influence positively the economic growth of Cote d'Ivoire and Nigeria, the nature of governance and socio-political situations had negative effect. The study recommends that efforts are to be made by these countries to adapt technologies that suit local peculiarities via appropriate policies, in order to significantly partake of theudopportunities that are in the globalizing world. The need for the nature of governance and socio-political ambiance to be investment friendly was also advocated