ABSTRACT

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

Dedication    iii

Acknowledgement  iv

Abstract  v

Table of content   vi

CHAPTER ONE

Introduction  1

Statement of the problem  2

Objective of the study   2

Significance of the study  3

Theoretical frame work   4

Hypothesis  5

Literature review 5

Definition of the terms   17

Method of data collection/analysis    20

Scope of the study  20

Limitation of study     21

Reference    22

CHAPTER TWO

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

CHAPTER THREE

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

CHAPTER FOUR 

NEGATIVE ROLES OF NIGERIAN ECONOMIC ELITE

4.1     Problem of corruption                                      70