Effect of Globalization on Entrepreneurship Development in South- East, Nigeria

The study was on the effect of globalization on entrepreneurship development in South-East, Nigeria. The specific objectives include to: Determine the impact of globalization on exchange rates on the entrepreneurship development in South- East, Nigeria; evaluate the effect of globalization on capacity utilization on the entrepreneurship development in South- East, Nigeria. The research survey design was used. The administration of a questionnaire to the management and staff of the manufacturing firms. Out of the Population of 78,974 personnel, 543 staff was sampled. The sample size of 543 was chosen after applying the Freund and William's formula for the determination of adequate sample size. Out of the staff sample, 514 staff returned the questionnaire and accurately filled. The validity of the instrument was tested using content analysis, and the result was excellent. The reliability was tested using the Pearson correlation coefficient (r). It gave a reliability coefficient of 0.85 which was also good. The data were analyzed using f-statistics (ANOVA) tool. The result showed that globalization on exchange rates has no positive effect on the entrepreneurship development in South- East, Nigeria f(n = 514)= 1553.630, P<0.05; that globalization on capacity utilization has no positive effect on the entrepreneurship development in South- East, Nigeria f(n = 514)= 4471.153, P<0.05. The study concluded that globalization on exchange rates has no positive effect on the entrepreneurship development in South- East, Nigeria, and globalization on capacity utilization has no positive impact on the entrepreneurship development in South- East, Nigeria, Globalization leads to the increased interconnectedness of national economics, it creates more wealth in developing countries through entrepreneurship development.. It was recommended that government should reposition its policies to monitor the activities of these agents of globalization and exchange rates as it affects entrepreneurship development. The careful efficiency of the process of production and capacity utilization should be adopted by firms to sustain competitive advantage over other competing firms.