Globalization and its influence on Economic Growth performance
AbstractGlobalization is described as a process by which regional economics, societies and cultures have become integrated through a global network of communication, transportation and trade. Different researchers have argued both in favour of and against globalization. Bhagwati claims that globalization has created a direct link to economic fortunes for the poor rural folks in developing countries who are often farmers. He argues that increase in information and information technology has loosened the control of exploitative middlemen whose activities reduce the returns rural farmer receive for their produce. Prystay (2005) provided evidence to this argument. Another argument comes from factor endowment. Argument against globalization is the fact that it has produced unprecedentedly high levels of inequality or hardships to the poor. Evidence from both China and India have reviled that globalization has propelled both countries economically; increase in economic growth from 6.15 to 9.37 percent in the case of China and information technology in the case of India, but the issue of inequality is still important and need to be addressed by individual government.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 24608.
Date of creation: 24 Aug 2010
Date of revision:
Globalization; Inequality; Growth;
Find related papers by JEL classification:
- F01 - International Economics - - General - - - Global Outlook
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-09-03 (All new papers)
- NEP-DEV-2010-09-03 (Development)
- NEP-FDG-2010-09-03 (Financial Development & Growth)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rajeev Dehejia & Roberta Gatti, 2002.
"Child Labor: The Role of Income Variability and Access to Credit Across Countries,"
NBER Working Papers
9018, National Bureau of Economic Research, Inc.
- Rajeev H. Dehejia & Roberta Gatti, 2002. "Child labor: The role of income variability and access to credit across countries," Discussion Papers 0102-69, Columbia University, Department of Economics.
- Sanjay G. Reddy & Camelia Minoiu, 2005.
"Chinese Poverty: Assessing the Impact of Alternative Assumptions,"
- Camelia Minoiu & Sanjay G. Reddy, 2008. "Chinese Poverty: Assessing The Impact Of Alternative Assumptions," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 54(4), pages 572-596, December.
- Sanjay G. Reddy & Camelia Minoiu, 2006. "Chinese Poverty: Assessing the Impact of Alternative Assumptions," Working Papers 25, International Policy Centre for Inclusive Growth.
- Xavier Sala-i-Martin, 2002.
"The disturbing "rise" of global income inequality,"
0102-44, Columbia University, Department of Economics.
- Xavier Sala-i-Martin, 2002. "The Disturbing "Rise" of Global Income Inequality," NBER Working Papers 8904, National Bureau of Economic Research, Inc.
- Xavier Sala-i-Martin, 2001. "The disturbing 'rise' of global income inequality," Economics Working Papers 616, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2002.
- Ranjan, Priya, 1999. "An economic analysis of child labor," Economics Letters, Elsevier, vol. 64(1), pages 99-105, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.