Adediran, Olanrewaju AdewoleAdeyemo, Kolawole SamuelAlade, Samson2016-07-042016-07-042015Adediran, OA, Adeyemo, KS & Alade, S 2015, 'Globalization, capital market and economic development in Nigeria', Journal of Governance and Regulation, vol. 4. no. 1, pp. 57-62.2220-9352 (print)2306-6784 (online)http://hdl.handle.net/2263/53620This article examines the economic integration caused by globalization and effect of capital market in Nigeria context. It establishes the type of relationship and level of significance of globalization and capital market on the economic development. Globalization concept is framed as import plus export divided by growth ratio. The capital market was determined in terms of proxy (by GDP) by price index. The growth ratio assessed the level of development using econometric model. The results suggest that sound economic reform and financial policies are necessary to achieve sustainable development in Nigeria. However, there is need to increase exports, reduce imports and control exchange rate for Nigeria to achieve sustainable economic development.en© Virtus interpress 2015GlobalizationCapital marketNigeriaEconomic performanceEconomic integrationEducation articles SDG-04Education articles SDG-08Education articles SDG-09Education articles SDG-10Education articles SDG-17Article