ABSTRACT
This study is based on the determination of the impact of
globalization on the management of business in the rural Communities of
Nigeria.
This is against the background of the need for
entrepreneurship development propelled by the interdependence of the world
economies. The problem of the study is therefore to determine the impact of
globalization on management of business in rural Communities of Nigeria. The
objective of the study is to determine the impact of globalization on the
growth of rural businesses. To this end, data were gathered from both primary
and secondary sources. The primary sources comprised of descriptive survey
method, while the secondary sources were text books, journals and publications.
The main instrument used in collecting data was
questionnaire. The data were then presented in a table as frequency
distribution. The technique of frequency and percentage were applied in
analyzing the data, and the following were the major findings of the study.
The study revealed that globalization impacts on small and
medium enterprises in the areas of production technology, provision of raw
materials, marketing, international financial assistance and scale of output.
Globalization also affects the performance of small & medium enterprise
through the provision of modern production technique, foreign raw material and
financial assistance.
Similarly the study revealed that globalization influences
growth, and enhances management skills of the SME’s.
Some of the recommendations made by the researcher are that
trade should be liberalized and trade barriers removed to allow free global
business and national economies unification.
The conclusion drawn is that globalization impact positively
on small and medium enterprises performance, through technological and economic
innovation.
TABLE OF CONTENTS
TITLE PAGE …………………………………………………………….i
CERTIFICATION ……………………………………………………….ii
APPROVAL PAGE …………………………………………………….iii
DEDICATION ………………………………………………………….iv
ACKNOWLEDGEMENT ……………………………………………… v
ABSTRACT …………………………………………………………… vi
TABLE OF CONTENTS ………………………………………………
vii
LIST OF TABLES……………………………………………………… xi
CHAPTER ONE
INTRODUCTION
- Background of study
…………………………………………….1
- Statement of problem
……………………………………………2
- Objective of the study
……………………………………………3
- Research Questions
………………………………………………4
- Hypotheses
………………………………………………………5
- Significance of the study
…………………………………………6
- Scope of the study ………………………………………………7
- Limitation of the problem
……………………………………….7
CHAPTER TWO
LITERATURE REVIEW
2.1 Definition
and meaning of globalization …………………….9
2.2 Agents
of globalization ………………………………………11
2.2.1 International
Trade ……………………………………………11
2.2.2 International
Finance ………………………………………….12
2.2.3 Capitalism
…………………………………………………….13
2.2.4 Technological
Innovation …………………………………….13
2.2.5 International
Regulations ……………………………………..14
2.3 Definition
of Small and Medium Scale Enterprise ……………14
2.4 Anatomy
of Small and Medium Enterprises ………………….19
2.5 The
Role of Small and Medium Enterprises ………………….22
2.6 Problems
of Small Scale Industries …………………………….23
2.7 Impact
of Globalization on Small and Medium Enterprises…..25
CHAPTER
THREE
RESEARCH
METHODOLOGY
3.1 Research
Design ………………………………………………30
3.2 Area
of Study ………………………………………………….30
3.3 Source
of Data …………………………………………………31
3.3.1 Primary
Sources …………………………………………….. 31
3.3.2 Secondary
Sources ……………………………………………31
3.4 Population
…………………………………………………….31
3.5 Sample
and Sampling Techniques ……………………………31
3.6 Instrument
for Data Collection ……………………………….32
3.7 Data
Analysis …………………………………………………33
CHAPTER FOUR
4.1 Data
Presentation and Analysis ……………………………….34
4.2 Test
of Hypothesis …………………………………………….50
CHAPTER FIVE
SUMMARY, CONCLUSION
AND RECOMMENDATIONS
5.1 Summary
of Finding …………………………………………57
5.2 Conclusion
……………………………………………………57
5.3 Recommendations
…………………………………………….58
Bibliography
…………………………………………………..60
Appendix
………………………………………………………64
Questionnaire
………………………………………………….65
LIST
OF TABLE
4.1 Administration
of questionnaires
4.2 Sex
Distribution of Respondents
4.3 Age
Distribution of Respondents
4.4 Marital
Distribution of Respondents
4.5 Qualification
of Respondents
4.6 Size
Distribution of Respondents
4.7 Nature
of Enterprises by the Respondents.
4.8 Response
to whether the Respondents Understand the Concept
Of Globalization
4.9 Response
to Whether Globalization Impacts On SME’S
4.10 Areasin Which Globalization Affects SME’
4.11 Responses
to whether Globalization Provides Modern
Production Technology
4.12 Responses
to Whether Globalization Facilitates Financial Assistance
From International Agencies to SME’s
4.13 Responses
to Whether Globalization Expands Product Markets for SME’s
4.14 Impact-of
Globalization on SME’s Outputs
4.15 Responses
to whether Globalization Promotes SME’s Growth
Through
Production Technique
4.16 Responses to
Whether Globalization Positively Affects the
Managerial
Skills of SME’s
4.17 Responses
to Description of Overall Impact of
Globalization on SME’S as Positive and
Significant
CHAPTER
ONE
1.1
BACKGROUND OF THE STUDY
Globalization refers to increasing global connectivity,
integration and interdependence in the economic, social, technological,
cultural, political and ecological spheres. Globalization is an umbrella term
and is perhaps best understood as a unitary process inclusive of many sub-
processes (such as enhanced economic interdependence, increased cultural
influence, rapid advances of information, technology and novel governance and
geopolitical challenges) that are increasingly binding people and the biosphere
more tightly into one global system.
In economics, globalization is the convergence of prices,
products, wages, rates of interest and profits towards developed country norms.
Globalization of the economy depends on the role of human migration,
international trade, movement of capital and integration of financial markets.
The
international monetary funds notes the growing economic interdependence of
countries world wide through increasing volume and variety of cross border
transactions, free international capital flows and more rapid and widespread
diffusion of technology.
Some view it as a “Process by which the experience
of everyday life is becoming standardized around the world”. While some
scholars and observers of globalization stress convergence of patterns of
production and consumption and a
resulting homogenization of culture. Others stress that globalization
has the potential to take many diverse forms.
Generally,
the economists view globalization rather positively. They see globalization as
free “the force of competition that help to channel the energies of people
and the resources of countries into activities that are likely to be more
productive. In a competitive global market, different countries will specialize
in the products they can produce best
1.2
STATEMENT OF PROBLEM
Globalization
has made significant impact on businesses in the rural areas, but there are
some limitations. First trade restriction and restructure of fiscal policies
make it difficult for rural business management to have free and unrestricted
access to the global market.
This usually affects outsourcing of raw materials and
sale of products outside the national boarders. Second, the global economic
meltdown adversely affected financial assistance for rural businesses from
international agencies
Third, lack of access to international credit facilities
makes it difficult for rural business operators to acquire foreign technology
needed for rapid entrepreneurship development.
Fourth, many rural business cannot adapt foreign
technologies to their pattern of local production because of lack of technological
know-how. Finally, differences in political ideologies still exist in the
international political sphere. This has its adverse implication for rural
business development in opposing nations. The problem of this study is
therefore to determine the impact of globalization on management of businesses
in rural communities of Nigeria
1.3 OBJECTIVE OF THE STUDY
The
major aim of the study is to determine the impact of globalization on the
management of business in rural
communities. Thus, the specific objectives of the study are;
THE IMPACT OF GLOBALIZATION ON THE MANAGEMENT OF BUSINESS IN THE RURAL COMMUNITIES OF NIGERIA
