2001
DOI: 10.1596/1813-9450-2618
|View full text |Cite
|
Sign up to set email alerts
|

Globalization and the Challenge for Developing Countries

Abstract: Globalization and Globalization is not a panacea. It can increase the Challenge for many countries' susceptibility Developing Countries to shocks and can subject states to checks and disciplines that circumscribe Shahid Yusuf sovereignty. But reversing globalization, were it possible, would be an enormous setback. And embracing globalization piecemeal, while keeping a plethora of regulations in place, would be highly inefficient.

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

0
10
0

Year Published

2003
2003
2020
2020

Publication Types

Select...
5
3

Relationship

0
8

Authors

Journals

citations
Cited by 17 publications
(10 citation statements)
references
References 50 publications
0
10
0
Order By: Relevance
“…The World Bank Development Research Group presents a seven-point plan to help developing countries take greater advantage of the benefits of globalization, and to manage the risks associated with their integration into the world economy. 3 Yusuf (2003) lists a number of factors that are relevant as a source of growth to both poor and rich countries. These are labour, human capital, research and development investment, technological progress and the increase in total factor productivity resulting from scale economies, agglomeration effects, externalities, as well as institutions that secure rights and minimize transaction costs.…”
Section: The Link Between Globalization and Povertymentioning
confidence: 99%
“…The World Bank Development Research Group presents a seven-point plan to help developing countries take greater advantage of the benefits of globalization, and to manage the risks associated with their integration into the world economy. 3 Yusuf (2003) lists a number of factors that are relevant as a source of growth to both poor and rich countries. These are labour, human capital, research and development investment, technological progress and the increase in total factor productivity resulting from scale economies, agglomeration effects, externalities, as well as institutions that secure rights and minimize transaction costs.…”
Section: The Link Between Globalization and Povertymentioning
confidence: 99%
“…In fact, a well-educated diaspora can improve access to capital, technology, information, foreign exchange, and business contacts for firms in the country of origin. According to other studies, immigrants play a role in facilitating trade by providing information and helping to enforce contracts (Rauch and Trindade, 1999) and by acting as intermediaries that can match buyers with reliable local suppliers (Yusuf, 2001). Johnson and Sedaca (2004) emphasize that diasporas can act as "first movers" who catalyze growth opportunities and make connections between markets that otherwise would not exist.…”
Section: Policy Implicationsmentioning
confidence: 99%
“…Gunder Frank flamboyantly referred to this trend as the 'development of under-development' in 1975(Gunder Frank 1975. Yussuf (2001) defines the key aspects of globalisation as the growth of international trade, the increase in international capital flows and their investment potential, growing migration, more extensive information and communication and the spread of advanced and innovative technologies. Walby has suggested (2009) that the existence of increasingly interventionist international organisations on an international scale also deserves attention.…”
Section: World Changes and Globalisationmentioning
confidence: 99%