Globalization is one of the issues that have attracted a large number of contemporary scientists. Presence of robust international organizations like the World Bank, the International money fund, and the World Trade Organization that is called the International Economic Organization has caused the economists to believe that economic globalization is such an undeniable fact that any country or even region that is not able to adapt itself to this process will face with huge losses. According to the recent studies, globalization and free trade are likely to result in economic growth and development; therefore, instead of taking supportive policies, political and economic leaders have decided to compete in overseas markets in order to get out of the poor state of the economy. In this regard the present study was aimed at examining the relation between globalization and economic growth in some selected developing countries during 1995-2010 using GMM method. The results of the study indicated that globalization has had appositive significant effect on economic growth. Moreover, according to other findings of the study, bank credits, human development indices, and foreign direct investment had a direct effect on economic growth whereas economic openness had a negative effect.
کلید واژگان :globalization; economic growth; GMM
ارزش ریالی : 600000 ریال
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