Journal of Small Business and Entrepreneurship Development

Globalization and Indigenous Entrepreneurship Development in Developing Economies: A Case Study of Manufacturing and Commerce (Trade) in Nigeria
Masoje O. M. Akpor-Robaro, Ph.D; Patience A. Erigbe, Ph.D

Abstract
This paper presents the result of a survey of entrepreneurs‟ assessments of the impact of the globalization phenomenon on manufacturing and commerce (trade) in developing economies. The study was undertaken using an integrative evaluation opinion of indigenous entrepreneurs in manufacturing and commerce. Entrepreneurs‟ evaluative opinion were collected through a field survey using structured questionnaire instrument administered in selected major industrial cities from four geo-economic zones in Nigeria, to owner/managers of businesses in the various areas of both industries. A combination of stratified, judgmental and simple random sampling methods was adopted for the administration of the instrument. The analytical methods included descriptive and Chi-Square inferential statistics. The findings based on the statistical analysis of entrepreneurs‟ responses indicated that globalization has both positive and negative impact on manufacturing and commercial entrepreneurship. However, the findings overwhelmingly indicate more negative than positive impacts. Based on the findings and the role of indigenous manufacturing and commercial entrepreneurship in national economies, the paper recommends that developing economies must make conscious effort to engage economic policies and measures to manage the impact of globalization on indigenous enterprises, in a way that reduces the negative impact and promotes the positive impact.

Full Text: PDF     DOI: 10.15640/jsbed.v7n2a6