Since 1986, Nigeria has gradually been integrating with the global economy. This paper examines the effect of globalization on employment and wages in Nigeria. The effects of globalization have been difficult to isolate and evaluate theoretically and empirically due to it multi-faceted nature, but this study attempt to analyse the effects on employment and employeesâ wages by looking at what happened before, during and after globalization in Nigeria. Information and data were mainly gathered through secondary sources, The results of the analysis shows that globalisation of the Nigeria economy through various economic reforms, deregulation and privatisation has led to downsizing of employment in civil service thereby compounding the widespread job queuing in Nigeria. The collapse of some of the private sector firms has also led to retrenchment of workers following stiff competition from import after libralisation thereby increasing both rural and urban unemployment in Nigeria. Also revealed is the problem of increase in income inequality in the country. There appeared to be a wide gap between earnings of the skilled and unskilled workers in the country. Many less skilled workers and experienced worker have also lost their jobs as a result of globalisation. On the positive side, globalisation has led to high employment creation in the informal sector compared with the job lost in the formal sector due to the increasing number of private firms. Most of the jobs created in informal sectors are insecure despite there higher pay compared to wages in the formal sector. There is the need for training and re-training of employee in order to assist them in maintaining their jobs
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Agecon Search in its series Miscellaneous Papers with number
7433.