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Openness, Economic Reforms, and Poverty: Globalization in Developing Countries

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  • Paolo Figini
  • Enrico SantarelliAuthor-Workplace-Name: University of Bologna, Italy

Abstract

This paper addresses a key issue in the current debate on economic development: the impact of globalization on poverty. After having discussed the problems related to the definition and measurement of both poverty and globalization, we perform a panel analysis which adds to recent literature by explicitly considering relative poverty and by conducting robustness analysis with respect to data, sources and dimensions of globalization. As far as absolute poverty is concerned, both trade openness and the ìsize of the governmentî seem to be associated with lower poverty levels. Conversely, financial openness is not linked to more poverty. With respect to relative poverty, trade openness does not affect it significantly, while weak evidence suggests that financial openness and policies aimed at reducing the size of the public intervention in the economy are linked to higher relative poverty.

Suggested Citation

  • Paolo Figini & Enrico SantarelliAuthor-Workplace-Name: University of Bologna, Italy, 2006. "Openness, Economic Reforms, and Poverty: Globalization in Developing Countries," Journal of Developing Areas, Tennessee State University, College of Business, vol. 39(2), pages 129-151, January-M.
    • Handle: RePEc:jda:journl:vol.39:year:2006:issue2:pp:129-151
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    Citations

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    Cited by:

    1. Rana Ejaz Ali Khan & Nadia Bashir, 2011. "Trade Liberalization, Poverty and Inequality Nexus: A Case Study of India," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 1(3), pages 114-119, September.
    2. Saari, M. Yusof & Dietzenbacher, Erik & Los, Bart, 2014. "Production interdependencies and poverty reduction across ethnic groups in Malaysia," Economic Modelling, Elsevier, vol. 42(C), pages 146-158.
    3. Eddy LEE & Marco VIVARELLI, 2006. "The social impact of globalization in the developing countries," International Labour Review, International Labour Organization, vol. 145(3), pages 167-184, September.
    4. Oluwayemisi Kadijat ADELEKE & Omowunmi Monisola AJEIGBE, 2021. "Financial Openness and Poverty Level: The Empirical Investigation in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(2), pages 158-164, February.
    5. Parisa SAMIMI & Guan Choo LIM & Abdul Aziz BUANG, 2011. "Globalization Measurement: Notes on Common Globalization Indexes," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(7), pages 1-20, December.

    More about this item

    Keywords

    Globalization; Poverty; Trade Openness; Foreign Direct Investment; Developing Countries;
    All these keywords.

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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