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Begg (2000) defined unemployment as the measure of the number of people registered for work but without work. In his work, Atkinson (1994) defined unemployment as a situation where people are willing to work but cannot find jobs.
Several authors have linked the growing global economy with joblessness and unemployment in Third World economies. Stiglitz (2006) argued that globalization can lead to inequalities between countries as wages are depressed. He stated that efforts to reduce these wage inequalities will eventually lead to an increase in unemployment. In Nigeria, as with most Sub Saharan African (SSA) economies, localized companies maybe to forced to down-size their work-force in other to achieve a balance between size of its labour force and wages it can pay in other to compete with globalized companies...
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