Does Globalization Foster Economic Growth?

Does globalization foster economic growth?

This article focuses on two distinct faces of globalization: the decrease in trade costs of goods and the decline of affiliation costs of joint ventures by foreign firms with local firms. The decrease of affiliation costs drives relocation of firms from the North to the South. When the market size of the North is relatively small (resp. large), the growth rate monotonously decreases (resp. firs...

Does Globalization Affect Growth?

The paper presents an index of globalization covering its three main dimensions: economic integration, social integration, and political integration. Using panel data for 123 countries in 1970-2000 it is analyzed empirically whether the overall index of globalization as well as sub-indexes constructed to measure the single dimensions affect economic growth. The results show that globalization p...

Does Globalization Smooth Income Growth ? ―

As a result of advancing globalization and economic activities that go beyond national borders, gross domestic product (GDP) and gross national product (GNP) are becoming dissociated. The two are the same to the extent that they measure (gross) added value generated during a specific period (e.g., one year). A difference between them is, generally speaking, the former focuses on whether economi...

Does Inflation Harm Economic Growth In Iran?

DOES INCOME INEQUALITY HAMPER OR FOSTER ECONOMIC GROWTH IN SUB-SAHARAN AFRICA? Prepared by: KyuSeon

POLICY QUESTION " What is the relationship between inequality and economic growth? Specifically, does income inequality hamper or foster economic growth in developing countries? " BACKGROUND As the global economy experienced rapid economic growth after World War II, an intense debate arose as to whether such growth benefited poor people and reduced income inequality or vice versa. In the 1950s,...