Abstract
This study examined the dynamic impact of economic globalisation on unemployment rate in Nigeria from a broad perspective in which two measures of economic globalisation were used: the trade flow, and the financial flow components. The Ricardian comparative cost advantage theory provides the backbone for the empirical analysis done in this study. Data were collected from National Bureau of Statistics, and the World Bank for the period 1986-2021 for unemployment rate, trade openness, foreign direct investment (FDI) inflow, inflation rate, and real gross domestic product.The interactions among the variables were analysed using the autoregressive distributed lag and the Bounds test methods and the results indicate that the trade flow component of economic globalization had significant positive impact in the long run; the financial/capital flow component has a significant negative impact; and inflation rate has negative relationship, with unemployment rate in Nigeria in the long run. The study concludes that that Nigeria should explore the capital flow component of globalisation more than the trade flow component to achieve the desired objective of curbing the country's soaring unemployment rate. Nigeria should therefore tailor her international economic policies towards greater inflow of FDI because this component of globalisation has unemployment-reducing effect.