Abstract
This paper addresses the contradictory trends in economic development programmes
that are merging up the rich and poor countries of the world today into one global village. The
development trends of the developed world appear to be top-down. Compared to the trends in the
developing world, where the rural community dominates, development plans and strategies are
down-top and sometimes these have been described by the developed countries as being
traditional and backward. Taking cognizance of this irony, this paper examines globalization
with the view to pave ways for identification of new solutions for the development of the third
world.