Some consequences of globalization for developing countries

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/902

Title:	Some consequences of globalization for developing countries
Keywords:	F21 ddc:330
Issue Date:	16-Oct-2013
Publisher:	Kiel Institute for the World Economy (IfW) Kiel
Description:	Globalization improves the prospects for developing countries (DCs) to catch up economically with industrialized countries. Depending on economic policies with respect to openness and factor accumulation, globalization may increase capital and technology flows to DCs, thereby generating a higher rate of income growth than would be possible in a less integrated world economy. Nevertheless, many observers draw an overly pessimistic picture of the perspectives of DCs in the era of globalization, mainly for three reasons. First, DC membership in institutionalized regional integration schemes such as in Europe and North America is sometimes considered to be a necessary precondition for economic success. Second, a low level of interfirm technology cooperation between rich and poor countries is feared to delink DCs from technological progress. Third, a relatively high concentration of foreign direct investment flows on a few advanced DC hosts is said to limit the development prospects for the majority of DCs. The paper shows that such concerns are largely unfounded.
URI:	http://koha.mediu.edu.my:8181/xmlui/handle/10419/902
Other Identifiers:	http://hdl.handle.net/10419/902 ppn:213893118 ppn:213893118
Appears in Collections:	EconStor

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