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Globalization And Econ0mic Convergence: An Assessment

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  • Robert ROWTHORN
  • Richard KOZUL-WRIGHT

Abstract

This paper offers a critical survey of a strong globalization thesis that predicts a direct link from more open trade and investment regimes to faster economic growth in developing countries and income convergence across the global economy. Its examination of recent experience suggests that while in a more open and integrated world economy both the quantity and the quality of investment are influenced by external factors the forces driving capital accumulation retain strong domestic roots and remain open to the influence of various types of policy initiative.

Suggested Citation

  • Robert ROWTHORN & Richard KOZUL-WRIGHT, 1998. "Globalization And Econ0mic Convergence: An Assessment," UNCTAD Discussion Papers 131, United Nations Conference on Trade and Development.
    • Handle: RePEc:unc:dispap:131
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    File URL: https://unctad.org/system/files/official-document/dp_131.en.pdf
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