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Abstract

The study examines the effect of economic globalisation on decent work in Nigeria during the period from 1990 to 2023. The autoregressive distributed lag (ARDL) approach to cointegration analysis is adopted to examine the effects of various elements of economic globalization namely non-oil exports, imports, FDI, interest rate and exchange rate on decent work, while controlling for the effect of financial depth. The study finds positive and significant long run effects of non-oil export, exchange rate, and financial depth on decent work in the country. The long run effects of imports, FDI, and lending interest rate were found to be negative and significant. These findings which are robust to alternative estimation technique reveal that decent work in the country is affected by globalization. Based on the evidence, to achieve creation of decent work in the country, greater investment in the nation’s non-oil sectors to boost the quantity, quality and competitiveness of her non-oil output is recommended. Further recommendations are the establishment of more export processing zones to encourage exports; lowering of the lending interest rate to reduce the cost of loans or investment capital; maintaining the exchange rate at realistically competitive level to curb imports and boost export; maintaining high labour standards to ensure that jobs created by multinational corporations through which FDI inflows into a country are decent.