@techreport{Gundlach1996Some,
abstract = {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.},
address = {Kiel},
author = {Erich Gundlach and Peter Nunnenkamp},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F21; 330},
language = {eng},
number = {753},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {Some consequences of globalization for developing countries},
type = {Kiel Working Papers},
url = {http://hdl.handle.net/10419/902},
year = {1996}
}
