Resource title

Why economic growth trends differ so much across developing countries : the globalization debate and its relevance to Pakistan

Resource image

image for OpenScout resource :: Why economic growth trends differ so much across developing countries : the globalization debate and its relevance to Pakistan

Resource description

The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance differs tremendously across developing countries. We discuss several factors such as capital accumulation, openness to trade and foreign indebtedness which may explain the varying experience with globalization in regard to per capita income growth and income distribution. Economic restructuring is shown to represent an important – though frequently neglected – link between globalization and country-specific performance. We conclude that national policymakers continue to have effective leverage to promote economic catching- up and poverty alleviation in the countries they govern.

Resource author

Peter Nunnenkamp

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/2691

Resource license

Adapt according to the presented license agreement and reference the original author.