An Assessment of Relative Globalization in Asia during the 1980s and 1990s
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Authors
Looney, Robert E.
Frederiksen, P.C.
Subjects
Globalization gap
International competitors
Investment
International competitors
Investment
Advisors
Date of Issue
2004
Date
2004
Publisher
Language
Abstract
This paper uses factor and discriminant analyses to generate indices of globalization. The first part
of the paper describes the technique and we find that the Netherlands is the most globalized and Sierra
Leone the least. In the second part of the paper, comparisons are made between South Asian, East
Asian and Middle East countries to see if relative globalization process is proceeding at a faster or
slower pace. Although the analysis is mostly regional, we introduce evidence for several countries,
including Sri Lanka, Pakistan, the Philippines, Thailand, India and Malaysia to compare globalization
and openness. Based on our findings, several conclusions are drawn concerning progress made
and the economic implications of that progress. Because of the poor showing of Pakistan's
globalization efforts, special attention has been focused on that country.
The main finding is that Pakistan appears to have fallen into a vicious cycle of low and declining
globalization leading to low productivity causing low rates of return on investment. The result is low
investment and technology transfer which only reinforces the drift towards an increasing globalization
gap with the country's main international competitors.
Type
Article
Description
The article of record as published may be located at http://dx.doi.org/10.10 l 6/j.asieco.2004.02.002
Refereed Journal Article
Refereed Journal Article
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Citation
Looney, R.E., "An Assessment of Relative Globalization in Asia during the 1980s and 1990s," Journal of Asian Economics vol. 15, no. 2, April 2004, pp 267-286, with P.C. Frederiksen.
Journal of Asian Economics, vol. 15, no. 2, April 2004, pp 267-286, with P.C. Frederiksen.
Journal of Asian Economics, vol. 15, no. 2, April 2004, pp 267-286, with P.C. Frederiksen.
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.