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What Is Globalization?

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. Globalization also involves the growth of multinational corporations (businesses that have operations or investments in many countries) and transnational corporations (businesses that see themselves functioning in a global marketplace). The international institutions that oversee world trade and finance play an increasingly important role in this era of globalization. Although most people continue to live as citizens of a single nation, they are culturally, materially, and psychologically engaged with the lives of people in other countries as never before. Distant events often have an immediate and significant impact, blurring the boundaries of our personal worlds. Items common to our everyday lives—such as the clothes we wear, the food we eat, and the cars we drive—are the products of globalization. The reasons for globalization is that Most experts attribute globalization to improvements in communication, transportation, and information technologies. For example, not only currencies, but also stocks, bonds, and other financial assets can be traded around the clock and around the world due to innovations in communication and information processing.

Firstly let have a deep understand about what training is all about: Training can be defined as the systematic development of the knowledge, skill and attitude required by an individual to perform effectively on a given task or job. Training can also be seen as concept which implies an awakening of dormant or latent skills, knowledge,( natural, personal and societal) and attitude ( behaviour, character and habits)in other for a room of improvement could occur in job

We know the major opportunity provided by globalization is access too much larger market. economies of scale of production and so on. If industrial development in Nigeria is to achieve rapid growth. With globalization. enhanced business and human resource management systems and levels of skills. A strong private sector is essential for building a competitive economy . but must be systematically planned. better quality products at reduced prices. Its first aim is to ensure that. designed and implemented. Training fills the gaps between what someone can do and what he should be able to do..performance and ultimately lead to the development of a new individual and an effective and good oriented organization. knowledge and management constituent with enhanced frequent interactions with the various actors to know where those lapses are. our private . as quickly as possible. The challenge to business is therefore how to take advantage of this access to world market. the management skills for success in the global market place have changed substantially. The effective repositioning of our industrial sector to meet the challenges of globalized economy requires attaining competitiveness at both the level of the national economy and level of the firm. with all this one needs to strengthen its training qualities of their workers in carring out efficient . There is therefore required of our industries. Training the builds on this foundation by enhancing skill and knowledge as required to improved performance in the present job or to develop potential for the further. Therefore. we must be able to develop exports by tapping into global value chain. Strategy and marketing skills have become particularly important for success. professional tasks and objectives. The process of globalization has both positive and negative effects to different categories of the world. Despite the opportunities. training is not just an activity one embanks upon when a crisis occurs.quality. Competent management with requisite modern management skills and systems is essential for success of any business enterprise. But here we pin point training as our subject towards our global world. people can reach an acceptable level in their jobs. Nigeria has a whole has various competition among firms to get a good share of the large world market leads to.unfortunately. there is no doubt that globalization has presented tremendous challenge to local manufactures. specialization and efficiency.

partnering with some embassies on the training needs of Nigeria. Inspire of the structural weaknesses suffered in the sectors of the economy at general some industrial sub-sectors and firms continue to prosper. . most importantly the will to utilize research results though training will create a new mind-set for Nigerians to develop though training and development. And some other problem of training and development in Nigerian are: political consideration in selecting people for training. commitment and will to fund training adequately by government and carry out evaluative studies will go a long way in improving training and development in Nigeria.sector is still too weak to shoulder the burden of moving the economy forward. inadequate book on training and development in Nigerian. In conclusion Some possible solutions are: responding positively to the globalization call. little vote is always set aside for training. inadequate exposure to the benefit of training through the organisation’s annual reports profits and loss account.