Abstract
Globalization is a well-known social discourse which, explained dynamism of phenomenon globally. Meanwhile, development is construed to mean a multidimensional concept amplifying the wind of change in all directions. Therefore, the paper empirically analyzed the influence of internet technology on global business operations as, a recipe for Developmental nexus in Lagos State, Nigeria. Three markets that are notable for the importation of goods to Lagos were chosen for the study -Alaba international market, Idumota business area and Lagos trade fair zone. Questionnaires (100) were randomly administered. Frequency and percentile were used to demographically analyze the respondents while the Pearson correlation coefficient, a parametric statistical too and Statistical Package for Social Sciences (SPSS) was equally used for the analyses. The finding of tested hypotheses indicates a positive correlation and also revealed that the correlation between the study variables was found to be .858, which represents a very high positive correlation with a P value of .000. However, variable two paired with variable three produced -217, which represents a very high positive correlation with a P value of .034. Hence, the conclusion of the study demonstrated that the majority of the international trade transactions are either done exclusively through the internet or, one way or the other are facilitated by the internet. The recommendation of the paper is that, the government should intensify its involvement in regulating internet technology in order to achieve stable and formidable transaction in global business.