How has the globalization trend affects economic operation of nigeria?"
...sorry no can do
Prices of goods increased from the normal state.
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Globalization has made it possible for Nigerians to have access to goods and services that are not available locally. Globalization has also made it possible for Nigerians to access new markets for their products and services.
This has to do with the global reduction of economic funds or money in a state. It has affected countries like Nigeria because of the large number of people who have no link to the economic wealth of our nation and also the high amount of illiterates and money embezzlers in the nation.
A crisis is a dangerous situation, whereas a meltdown (by analogy to a nuclear reactor) is a complete collapse. A crisis, if not handled correctly, can result in a meltdown.
If you are referring to the recent meltdown in started only with financial services firms including banks. Economic meltdown is an unexpected but accelerated financial system failures resulting in drastic reduction in economic activity.
Broadly defined, a recession is a downturn in a nation's economic activity. The consequences typically include increased unemployment, decreased consumer and business spending, and declining stock prices. For a full discussion on how it affects Nigeria, see the Related Link below.
It is going to take professionalism to deal with economic problems successfully.
It means the word is facing a recession.
Depending on the category of globalization, yes and no. For the economic definition of globalization, yes it is based on trade. However, for the historical context of globalization, it is based on culture.