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.
Keywords
Related Articles
- EP ID EP1717
- DOI -
- Views 1098
- Downloads 90
COMOVEMENTS AND STRUCTURAL FACTORS OF MACROECONOMIC VOLATILITY IN DEVELOPING AND TRANSITION ECONOMIES: A DYNAMIC PANEL DATA APPROACH
This study examines the comovements of some economic variables and explores the structural factors of macroeconomic volatility in developing and transition economies, using dynamic panel technique. According to an analys...
Procedure for Creating a Virtual Multibank Agent
In this paper, we propose a procedure that makes it possible to create a virtual multibank agent that will assist potential banking customers in their decision making, who are demanding with respect to the level and qual...
GOVERNMENT REVENUE AND EXPENDITURE IN NIGERIA: A DISAGGREGATED ANALYSIS
This paper examined the relationship between both total (TEXP) and disaggregated government expenditure (current (TREXP) and capital expenditures (TCEXP)), and total (TREV) and disaggregated revenue (oil (OILREV) and non...
THE DETERMINANTS OF PROFIT FORECAST BY TUNISIAN COMPANIES
This paper aims to examine the impact of the determinants of profit forecast by companies on the level of detail of information published by the leaders. It analyzes the contribution of publications to reduce information...
Favorable and Unfavorable Conditions for Innovation: Some Cross Country Evidence
The paper employs cross country regression analysis to estimate the effect of democracy and income inequality, adjusting for the level of income and other variables, on country innovation. It finds that both of these var...