GLOBALIZATION AND THE SOCIAL FORMATION OF THIRD WORLD COUNTRIES

Abstract

Globalization has really impacted the social formation of the Third world countries. While some of these impacts are positive and others negative, one cannot deny the fact that no matter the perspective of one’s analysis, the grip of globalization is simply overwhelming just as it is so demanding and challenging. Incidentally, the Third World social formation is part of this new global arrangement. This paper therefore examines the ways in which globalization has impacted on the social formation of Third World states through its various agents. It argues that despite the changes ushered in by the forces of globalization Third World countries are still facing developmental challenges and that unless urgent and sincere measures are taken, Third World countries would be totally overrun by the reality of this raging trend thereby making their development an impossibility. Thus, bearing in mind the possibilities and obstacles thrown up by these changes, the paper also proffers solution.