GLOBALIZATION AND HUMAN ASPECT OF DEVELOPMENT IN DEVELOPING COUNTRIES: EVIDENCE FROM PANEL DATA
Journal Title: Journal of Globalization Studies - Year 2011, Vol 2, Issue 1
Abstract
This paper evaluates the effects of globalization on human development, gender development and human poverty in the developing countries and compares the effects across world regions as well as the income groups of countries. Applying the GLS random effect model to the annual panel data of 124 developing countries covering 9 years from 1997, the study shows that globalization, measured by the KOF Index of globalization, not only promotes human and gender development but also reduces human poverty significantly. Not surprisingly, all three aspects of globalization (economic, social and political) contribute to the overall effect of globalization. To complement these findings, the paper calls for a study of some country cases. The conclusion is made that such studies will facilitate the development of policy recommendations tailored towards countries in their cultural context, with a positive (or at least neutral) impact on the reduction of human development gaps within them
Authors and Affiliations
Jeet Bahadur Sapkota
Keywords
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