Modelling the policy challenges confronting globalising developing countries

Dias Karunaratne N. (2010) Modelling the policy challenges confronting globalising developing countries. International Journal of Business and Globalisation, 4 4: 413-434. doi:10.1504/IJBG.2010.032973

Author Dias Karunaratne N.
Title Modelling the policy challenges confronting globalising developing countries
Journal name International Journal of Business and Globalisation   Check publisher's open access policy
ISSN 1753-3635
Publication date 2010
Sub-type Article (original research)
DOI 10.1504/IJBG.2010.032973
Volume 4
Issue 4
Start page 413
End page 434
Total pages 22
Subject 1400 Business, Management and Accounting
Abstract The article models the policy challenges facing globalising developing countries. Models from the pure theory of international trade, the small open economy model, growth accounting, the Solow-Swan model, the gravity model, models of portfolio diversification and currency crises models are reviewed to distil policy guidelines to promote the globalisation of developing countries. The overriding objective of promoting the globalisation of developing countries is to reduce poverty and income inequality between and within countries. Pro- and anti-globalisers are currently locked in a heated controversy as to whether the latest wave of globalisation has bucked the past trend of increasing poverty and income inequality in developing countries. Anti-globalisers lament that protracted waves of globalisation have failed to extricate developing countries from the structural malaise that traps them in a vicious circle of poverty. They advocate the radical reshaping of the international financial architecture to make globalisation work for the developing countries by reducing their vulnerability to recurrent financial crises and crisis contagion. The article concludes by reviewing the geography and institution school research that offers new policy vistas for promoting globalisation in developing countries.
Keyword currency crises
developing countries
income inequality
international financial architecture
macroeconomic models
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import
Version Filter Type
Citation counts: Scopus Citation Count Cited 0 times in Scopus Article
Google Scholar Search Google Scholar
Created: Tue, 14 Jun 2016, 00:18:03 EST by System User