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Globalization and National Economic Development: Analyzing Benefits and Costs

By: Anwar, Sajid | Journal of Business and Management, Fall 2002 | Article details

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Globalization and National Economic Development: Analyzing Benefits and Costs


Anwar, Sajid, Journal of Business and Management


GLOBALIZATION AND NATIONAL ECONOMIC DEVELOPMENT: ANALYZING BENEFITS AND COSTS*

Recognizing that liberalization of economies leads to economic growth, many governments throughout the world have been eager to embrace globalization. Generally this has led to higher rates of growth. Indeed, those countries which have avoided globalization have been the slowest growing group of economies. However, a growing number of individualsmany within the fastest growing economies, including the developed countries-are joining the protests against globalization. This paper attempts to explain the reasons for the push for and the protests against globalization. The objective of the paper is …

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