Globalization and Indigenous Entrepreneurial Practices
Globalization and Indigenous Entrepreneurial Practices

Summary/Abstract: Globalization characterized by increasing interconnectedness of economies and cultures worldwide, has become a defining feature of the contemporary global landscape. The study investigated the multifaceted impact of globalization on entrepreneurial practices in Enugu state, a region with dynamic and diverse entrepreneurial ecosystem. By examining the influence of globalization on Igba-boi (Igbo apprenticeship), izu ahia (trading) and Igba oso-ahia (middlemenship) in Enugu state, Nigeria. The study employed a descriptive survey design. 209 SMEs operators were sampled from the population of SMEs founders and managers in Enugu state. Three hypotheses were proposed. Finding revealed that globalization has a significant influence on Igba-boi (Igbo apprenticeship) (r= 0.75, p< .01); globalization was equally found to have a significant influence on izu ahia (trading) (r= 0.83, p< .01); but it has no significant effect on Igba oso-ahia {R2= 0.21, F(1;209)= .03, p= .431}. The study recommended that State governments in Nigeria should formalize the Igbo apprenticeship system through proper legislation; and the Ministry of Trade and Investment should establish trade promotion agencies in Southeast, Nigeria; While middlemen in Igbo indigenous should reconsider going into trading.

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