Globalisationand Business Performanceinthe Nigerian Business Environment: Correlation Analysis
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 3
Abstract
Globalisation is a very vital phenomenon as it associates itself with the sharing of resources, knowledge and skills, culture and so much more across different geographical boundaries. Globalisation has led to trade openness which according to theory has helped in the growth of different businesses across different geographical boundaries. Nigeriadepends on oil as its main source of revenue, although the country is seeking other alternatives sources of revenue like taxes and is not left out of globalisation. This study aims to find out the effect that globalisation has on the Nigerian business environment. We seek to know how globalisation has aided the growth of the Nigerian business environment. It also seeks to know the problems indigenous businesses face due to globalisation.The study will employ the use of correlation techniques to know how globalisation and business performance are interrelated. The relevant literatures were reviewed and discussed within the context of this study. The data for the study which are FDI (Foreign Direct Investment) and GDP (Gross Domestic Product) which weresourced from the World bank bulletin. Findings from this research was harnessed and reported for policy implementation.
Authors and Affiliations
Oluwaseyi Fakunle, Elsie Ibeawuchi, Jennifer Oputa
Keywords
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