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Abstract

This study examines the meaning and significance of globalization, especially the role and impact of multinational corporations on developing economies. Specifically, there is more emphasis on the impact of globalization and multinational corporations on Africa in general, and specific focus on Nigeria as a case study because of the large and significant role of foreign multinational corporations, such as Shell, Elf, Agip, Chevron, Mobil, Texaco, Phillips, and Ashland, in the exploration, production, refining, management, and marketing of the country's crude oil reserves. The environmental impact of the multinational oil corporations on Nigeria's oil sector receives special attention.

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