Winners of globalization
Das, Dilip K. (2008) Winners of globalization. Working Paper. Coventry: University of Warwick. Centre for the Study of Globalisation and Regionalisation. Working papers (University of Warwick. Centre for the Study of Globalisation and Regionalisation) (No.249).
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In itself globalization is neither good nor bad. Its economic impact can be both welfare-enhancing and dislocating. This paper dwells on the former, that is, the positive and constructive impact of the contemporary phase of globalization. It examines the evidence for its beneficial effect on several country groups as well as over the global economy. Without making any assertions of universality of positive impact of globalization, this article provides wide ranging evidence of its being a definitive transformative force for several economies and groups thereof. By successfully exploiting market-led outer-oriented development strategy and climbing the ladder of development by first producing and exporting labor-intensive manufactures and then switching to exports of capital- and technology-intensive manufactures several country groups integrated with the global economy and have commendable results to show. Global economic and financial integration on balance yielded rich dividends for many economies as well as the global economy. It concludes that, going by the available evidence, globalization on balance is a welfare-enhancing force.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||J Political Science > JZ International relations|
|Divisions:||Faculty of Social Sciences > Centre for the Study of Globalisation and Regionalisation|
|Library of Congress Subject Headings (LCSH):||Globalization -- Economic aspects, Welfare economics, Economic development, Technology and international affairs, International economic integration|
|Series Name:||Working papers (University of Warwick. Centre for the Study of Globalisation and Regionalisation)|
|Publisher:||University of Warwick. Centre for the Study of Globalisation and Regionalisation|
|Place of Publication:||Coventry|
|Official Date:||August 2008|
|Number of Pages:||54|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
Ajaga, E. and P. Nunnenkamp. 2008. “Inward FDI, Value Added and Employment in US States: A Panel Co-integration Approach”. Kiel, Germany. Kiel Institute for the World Economy. Kiel Working Paper No. 1420. May.
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