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Globalization and Local Economic Growth in South Africa

In: Local Economies and Global Competitiveness

Author

Listed:
  • Wim Naudé
  • Waldo Krugell
  • Marianne Matthee

Abstract

The relationship between globalization1 and economic development is a topical and controversial one. Many economists see the benefits of globalization outweighing its disadvantages, and ascribe the rise in living standards, especially in Asia to the openness of trade brought on by globalization. Dissenting voices however, point to globalization as a contributing force to global inequalities and for locking poor countries into disadvantageous positions relative to richer countries (see for instance the summary in Wade, 2004). Following the financial crisis of 2008, many are arguing that financial integration and openness has gone too far, and that it is in the interest of developing countries to delay or roll back financial openness (for example, Obstfeld, 2008).

Suggested Citation

  • Wim Naudé & Waldo Krugell & Marianne Matthee, 2010. "Globalization and Local Economic Growth in South Africa," Palgrave Macmillan Books, in: Bruno Dallago & Chiara Guglielmetti (ed.), Local Economies and Global Competitiveness, chapter 2, pages 45-74, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-29496-7_3
    DOI: 10.1057/9780230294967_3
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    Citations

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    Cited by:

    1. Tavani, Daniele & Zamparelli, Luca, 2021. "Labor-augmenting technical change and the wage share: New microeconomic foundations," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 27-34.
    2. Bedasso Biniam E. & Jaupart Pascal, 2020. "South-South migration and elections: evidence from post-apartheid South Africa," IZA Journal of Development and Migration, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 11(1), pages 1-47, January.
    3. Stamegna, Marco, 2022. "Wage inequality and induced innovation in a classical-Marxian growth model," MPRA Paper 113805, University Library of Munich, Germany.

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