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Title:Why economic growth trends differ so much across developing countries : the globalization debate and its relevance to Pakistan PDF Logo
Authors:Nunnenkamp, Peter
Issue Date:2002
Series/Report no.:Kieler Arbeitspapiere 1091
Abstract: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.
Subjects:economic growth
income inequality
economic restructuring
openness to trade
globalization critics
JEL:O10
O57
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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