Kiel Working Papers, Kiel Institute for World Economics
No 1091:
Why Economic Growth Trends Differ So Much Across Developing Countries. The Globalization Debate and Its Relevance to Pakistan
Peter Nunnenkamp
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.
Keywords: economic growth, income inequality, economic restructuring, openness to trade, globalization critics; (follow links to similar papers)
JEL-Codes: O10; O57; (follow links to similar papers)
50 pages, January 2002
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