Collapse of the Nigerian Textile Industry

            The technological theory as discussed by some of the researchers imply that the transfer of technology to textile companies is clarified in the host economies in 4 channels through which the transfer of technology to the textile firms on a domestic level can potentially be an effect of the productivity of nearby material firms through globalization [Ass11]. These are the competition effect, limitation effect, forward linkages and training impact. Globalization is about an undeniably interconnected and related world, global exchange, speculation, fund that have been becoming quicker than national wages. It includes advances that have changed individuals' capacity to impart in ways that would have been unfathomable a couple of years prior. Moreover, it offers new opportunities for laborers in all nations to build up their possibilities and backing their families through employments made by more noteworthy monetary reconciliation. The colonialists basically visited Africa and set up an arrangement of government and trade that supplanted the composed techniques and standards of the African individuals [Ana12]. The requirement for the extension in the PPF - Production Possibility frontier of an economy to endeavor the profits connected with worldwide trade, business firms need to work to create the essential yield to endeavor the needed benefits.
             With the clarification impact of the contagious impact in connection to globalization and domestic firms, it was contended that there is an existence of the difference in the levels of technology between domestic and foreign textile firms [Any11]. In accordance with the direct interaction with the external differences, nearby firms on a domestic level can observe and can consequently get to be beneficial, this happen through a work turnover from remote to nearby domestic firms in which workers from outside firms are utilized by domestic companies and subsequently bring with them information of required advancements utilized by their previous employers.