Globalization And Economic Development Of Harmaceutical Firms In Enugu State, Nigeria
Okafor Juliana Nkechi
Department of Business Administration, Enugu State University of Science and Technology
Prof. Chris C. Orga
Department of Business Administration, Enugu State University of Science and Technology
Okafor Ozoemena Christian (Ph.D.)
Department of Marketing, Enugu State University of Science and Technology (Esut)
Ojide Chukwuemeka Gabriel
Department of Business Administration, Enugu State University of Science and Technology
Abstract
This work examined the relationship between globalization and economic development of pharmaceutical firms in Enugu State, Nigeria. The purpose of the study was to examine the relationship between globalization and economic development. The specific objectives were to examine the relationship between international trade and technological change of pharmaceutical firms in Enugu State, Nigeria and ascertain the relationship between migration and entrepreneurship skills of pharmaceutical firms in Enugu State, Nigeria. The study adopted a survey design. The population of the study was one hundred and four (104). The sample size of 104 was used due to small number of the population. The study used census sampling technique. The findings revealed that international trade had a positive relationship with technological change of pharmaceutical firms (Z – value of 10.548, pv=0.000>0.05) and migration had a positive relationship with entrepreneurship skills of pharmaceutical firms (Z – value of 12.886, pv=0.000>0.05). Based on findings, the researcher concluded that international trade; migration had a positive relationship with technological change and entrepreneurship skills of pharmaceutical firms in Enugu State, Nigeria. It was therefore recommended that government should encourage export diversification by way of boost international trade over technological change adoption through developed countries trade agreement