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Globalization and Economic Growth: A Case Study in a Few Developing Countries (1980-2010)

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  • Abdolmajid Arfaei Moghaddam
  • Ma¡¯rof Redzuan

Abstract

The objective this study is to investigate the globalization indicators for measuring and evaluating the economic development scale. The output generated from eight selected countries revealed a fast improvement in the Gross Domestic Product (GDP) and economic growth rate. Significantly, attraction of Foreign Direct Investment (FDI) and rise of FDI as a percentage of GDP in these countries have impacted positively on foreign trade at international and regional levels. The data from these countries show that substantial growth in their economies is related unprecedented high FDI inflows. Generally, they had economic development and access to high income and as active players in the global economy.

Suggested Citation

  • Abdolmajid Arfaei Moghaddam & Ma¡¯rof Redzuan, 2012. "Globalization and Economic Growth: A Case Study in a Few Developing Countries (1980-2010)," Research in World Economy, Research in World Economy, Sciedu Press, vol. 3(1), pages 54-62, March.
    • Handle: RePEc:jfr:rwe111:v:3:y:2012:i:1:p:54-62
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    References listed on IDEAS

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    Cited by:

    1. Kowalska-Potok, J. & Cirella, G.T., 2019. "Relationship between globalization and free market capitalization," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 8(4), pages 196-200, December.
    2. Deluna, Roperto Jr & Chelly, Antiquisa, 2014. "Economic Growth, Financial and Trade Globalization in the Philippines: A Vector Autoregressive Analysis," MPRA Paper 60206, University Library of Munich, Germany.
    3. Md Abu Hasan, 2019. "Does globalization accelerate economic growth? South Asian experience using panel data," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 8(1), pages 1-13, December.
    4. Dima Stela, 2016. "Globalisation, Trade Openness and Foreign Direct Investment in Romania," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 26(4), pages 41-53, November.
    5. Vladyslav Bolhov & Inna Akhnovska & Marina Savchenkova & Olga Shkurenko, 2021. "Influence of Transnational Corporations on the Global Economic Order," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 22-38.

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