Abstract: The integration of Nigeria’s political economy into the global capitalist system was a defining context of her international economic relations. The country had been integrated as a neo-colonial, dependent and peripheral formation that equally defined the pattern of its trade and economic relations. The state economic policies on domestic economic management and external economic relations are hinged on Western, neo-liberal economic agenda. This neo-liberal philosophy informs the drive for state withdrawal and ascendancy of the market in the state and economy relations. The article is a radical political economy critique of Nigeria’s international economic relations. It argues for assertive state as opposed to permissive state with a view to pursuing aggressive and result –oriented external economic relations. The article posits the state should develop other productive sectors to reduce the vulnerable nature of the economy and assert economic independence.
Keywords: economic reforms, neo-liberal, peripheral, neo-colonial, debt overhang.
TITLE: The Political Economy of Nigeria’s International Economic Relations: Issues, Contradictory Realities and Challenges
AUTHOR: Dr. Dele Seteolu, James Okuneye
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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