Globalization and Economic Growth

Demir, Ishak; Çanakçi, Mehmet; Eğri, Taha

doi:10.1007/978-3-319-71058-7_90-1

Cited by 3 publications

(2 citation statements)

References 21 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Despite Nigeria's experience, globalization has, however, been argued to have had a positive impact on economic development elsewhere, and the economic development of any country has the potential to have a positive effect on its governance. The extant literature has revealed the positive relationship between economic development and globalization on one hand, (see Levy, 2012;Demir et al, 2021) and economic development and good governance on the other (see Fayissa & Nsiah, 2013;Mira & Hammadache, 2017). According to De Macedo (2001), globalization and governance not only affect each other but also affect the countries' economic performance.…”

Section: Globalization and Governance: The Connections And Implicationsmentioning

confidence: 99%

Globalization: Does it have Effects on Nigeria’s Governance System?

Adegbami,

Uche

2023

IAJAS

View full text Add to dashboard Cite

Even though globalization has made countries across the world more connected than ever, there are still controversies over its benefits regarding socio-economic development and good governance in developing countries. Against this backdrop, the study investigates the link between globalization and governance in Nigeria. This is with a view to determining the implications of globalization on the governance of Nigeria. The study, which relies heavily on secondary data, shows that the country’s political authority has been depleted in order to conform to global trends. Globalization has affected the quality of bureaucratic governance, puts pressure on governance on whether to open up or restrict the economy, and exacerbated the unequal distribution of incomes because of the relative differences in the mobility of labor and capital. The study further revealed that globalization triggered the unregulated use of the internet and exposed people to illicit activities. It also contributed to the transmission of diseases, including HIV/AIDS, the Ebola virus and COVID-19. Globalization also encouraged multinationals to access Nigeria, thereby adding to environmental pollution, climate change, food insecurity, and health-related challenges, especially, as a result of oil exploration. These activities have continued to disrupt the people’s means of livelihood, and consequently provoked political and social agitation and engendered secessionist groups, threatening the unity and existence of the country. The study, therefore, concludes that globalization has caused more damage than good to Nigeria’s political and socio-economic activities.

show abstract

Section: Globalization and Governance: The Connections And Implicationsmentioning

confidence: 99%

Globalization: Does it have Effects on Nigeria’s Governance System?

Adegbami,

Uche

2023

IAJAS

View full text Add to dashboard Cite

show abstract

“…Economic growth is usually calculated as the goods and services produced within a country's borders, gross domestic product (GDP), or the goods and services produced by that country's citizens, gross national product (GNP). It can be measured in both nominal and real terms (Demir et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Impact of liberalization and globalization on economic growth: Empirical evidence from Türkiye

Ojaghlou,

Tercan

2024

Journal of International Studies

View full text Add to dashboard Cite

Globalization, as the process of integration of the world economy, increases international trade, capital movements, and technology transfer. This study examines the relationship between globalization and economic growth in the 1974-2022 period in Türkiye. In this study, the ARDL Bound method was used for cointegration analysis and the DCC-EGARCH model was used to capture time-varying relationships. The results of the ARDL-Bound model show a positive and long-term correlation between globalization and economic growth in Türkiye. According to the results of the DCC model, there has been a generally positive relationship between economic growth and the globalization index since 1984. Türkiye's economy has generally been positively influenced by economic liberalization processes and globalization. However, the export-oriented growth strategy seems to have lost its effect after 2005. Moreover, the globalization benefits of foreign direct investment were only evident between 2000 and 2009, after which the positive relationship decreased. In the interest of attracting FDI and promoting sustainable economic growth, Türkiye should review its investment-friendly policies and develop strategies aimed at long-term benefits.

show abstract