This study examines the relationship between globalization and economic growth in developing countries. Using a panel data set of 50 developing countries over the period 1990-2015, we employ regression analysis to investigate the impact of globalization on economic growth. Our findings have important implications for policymakers and businesses seeking to promote economic growth and development in developing countries. Globalization facilitates access to larger markets, encourages trade, and attracts foreign direct investment (FDI), which can boost economic growth and create jobs. Open economies benefit from the diffusion of knowledge and technology, leading to increased productivity and efficiency. Globalization can provide developing countries with access to external capital and resources, which are crucial for in-vestment and development. Economic growth fueled by globalization can lead to higher incomes, improved living standards, and reduced poverty. Globalization attracts foreign direct investment (FDI), which can lead to technology transfer, job creation, and economic growth. Globalization expands trade opportunities, enabling developing countries to export goods and services, increase revenue, and stimulate. Globalization provides access to new markets, allowing de-veloping countries to diversify their exports and reduce dependence on traditional markets. Globalization facilitates the transfer of technology, enabling developing countries to adopt new technologies, improve productivity, and enhance economic growth. Globalization promotes competition, which can lead to innovation, efficiency gains, and economic growth. Our results suggest that globalization has a positive and significant impact on economic growth in developing countries, but its benefits are not evenly distributed. We also find that the impact of globalization on economic growth is conditional on the level of human capital and institutional quality.
| Published in | Abstract Book of the National Conference on Advances in Basic Science & Technology |
| Page(s) | 105-105 |
| Creative Commons |
This is an Open Access abstract, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2025. Published by Science Publishing Group |
Globalization, Economic Growth, Developing Countries, Human Capital, Institutional Quality