Driving Forces of Globalization in Emerging Market Economies Developing Countries
Journal Title: Asian Economic and Financial Review - Year 2011, Vol 1, Issue 2
Abstract
The paper will deal mainly with the macroeconomics of globalization (trade andfinance), but before proceeding, a final distinction needs to be drawn betweenglobalization and liberalization. Developing countries themselves had to take someimportant steps before the full impact of globalization could be felt. Specifically, theyhad to open their own economies, to lower the barriers to trade and capital flows thathad been an important component of the import-substitution industrialization modelthat almost all followed for some period. Without these policy shifts, globalizationwould be much less relevant than it is today, especially in the developing world.Liberalization, then, is the other side of globalization.
Authors and Affiliations
Ghirmai T. Kefela| Operations Manager, CIPS Inc. Campbell,CA 95008, USA E-mail: Gtesfai@hotmail.com Tel: 510 793 9732, 408 593 9610.
DETERMINANTS OF NON-PERFORMING LOANS IN LICENSED COMMERCIAL BANKS: EVIDENCE FROM SRI LANKA
This study investigates the determinant factors of ex-post credit risk considering non-performing loans (NPLs) as proxy variable in Sri Lanka?s commercial banking sector and is carried out with a sample of nine licensed...
ECONOMETRICS ANALYSIS OF IMPACT OF CAPITAL MARKET ON ECONOMIC GROWTH IN NIGERIA (1971-2010)
The stock market is a common feature of a modern economy and it is reputed to perform some necessary functions, which promote the growth and development of the economy. This study examines whether or not stock market pro...
FINANCING CAPITAL INVESTMENTS IN NIGERIA: THE ROLE OF THE BANKING INDUSTRY
A developing nation like Nigeria needs huge capital outlay to finance the needed infrastructures and capital investments necessary to drive the economy. This study lays much emphasis on whether the banking industry is re...
INVESTIGATING THE CAUSAL RELATIONSHIP BETWEEN STOCK MARKET AND AGGREGATE ECONOMIC PERFORMANCE OF SOUTH AFRICA
Stock is one of the key securities traded in the capital markets and as such, has attracted the attention of researchers. While it is said to propel economic activities, empirical studies conducted on different countries...
IMPROVEMENT OF FIRM PERFORMANCE BY ACHIEVING COMPETITIVE ADVANTAGES THROUGH VERTICAL INTEGRATION IN THE APPAREL INDUSTRY OF BANGLADESH
In the manufacturing step of the global apparel value chain (GAVC) the firms face fierce competition due to availability of low cost labor and hence the opportunity to make higher profit is a tough job. According to Gere...