THE IMPACT OF GLOBALIZATION ON ENTREPRENEURSHIP AND SUSTAINABLE ECONOMIC DEVELOPMENT IN ANAMBRA STATE, NIGERIA: A HISTORICAL PERSPECTIVE, 2000-2020

Abstract

This study undertakes a comprehensive examination of the impact of globalization on entrepreneurship and economic development in Anambra State, Nigeria, over two decades (2000–2020). By adopting a historical perspective, the research provides nuanced insights into the complex and multifaceted relationships among globalization, entrepreneurship, and economic development. The study adopts a mixed-methods approach, combining qualitative and quantitative data from both primary and secondary sources. These include interviews with entrepreneurs, policymakers, and other stakeholders, as well as statistical data obtained from government agencies and international organizations. The findings reveal that globalization has had a profound impact on entrepreneurship and economic development in Anambra State, producing both positive and negative outcomes. On the one hand, globalization has created new opportunities for entrepreneurs to access global markets, technologies, and capital, thereby driving economic growth and development. On the other hand, it has led to increased competition, cultural homogenization, and economic inequality, which have undermined the viability of local businesses and exacerbated poverty and unemployment. The study contributes to a deeper understanding of the complex dynamics among globalization, entrepreneurship, and economic development within a Nigerian state and provides valuable insights for policymakers, entrepreneurs, and other stakeholders seeking to promote sustainable economic development in the region.