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It has disintegrated or disarticulated the industrial sector of most, if not all polities in Africa. This has been particularly evident in the areas of cost of production which has become uncomfortably high in most of the developing countries (e.g. Nigeria); also in the lack of government's incentives to encourage local production; subversion of local products through high importation, currency devaluation; and depletion of foreign reserves...
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This clearly raises the problems of marginalization which, according to Ake (1996: 114), is, in reality, the dynamics of under development - the development of under development by the agents of development.
Nation-states in Africa today, rarely define the rules and regulations of their economy, production, credits and exchanges of goods and services due to the rampaging menace of globalisation...
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