2  Globalization and the human aspect of development in developing countries: Evidence from panel data

Journal of Globalization Studies

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Applying the GLS random effect model to the annual panel data of 124 developing countries covering 9 years from 1997, this study shows that globalization, measured by the KOF Index of globalization, not only promotes human and gender development but also reduces human poverty significantly. Not surprisingly, all three aspects of globalization (economic, social and political) contribute to the overall effect of globalization.