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06.06.2024

Accounting for the interconnectedness of globalization, growth, and poverty towards achieving sustainable development

verfasst von: Bisiriyu Sodiq Olaide, Malik Manzoor Hassan

Erschienen in: Quality & Quantity | Ausgabe 6/2024

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Abstract

Among the contemporary issues in the global environment is how countries' and regions' interactions benefit economic agents, especially in developing countries where poverty prevails. Over the years, globalization has continued to increase, mainly as a result of differences in resources and technology, but how it affects the poor has remained one of the central issues in international economics. In this paper, we thus developed a Globalization-Growth-Poverty (GGP) triangular nexus to provide an answer to whether globalization and growth can help India achieve Goal 1 of sustainable development. The cointegration approach was used, and our result validates the globalization-led growth hypothesis and shows interconnectedness among globalization, economic growth, and poverty, which confirms the GGP triangular nexus. Our results further show that growth and globalization have a positive near future impact on poverty in India. Thus, the results suggest to the government and policymakers that the achievement of poverty reduction and sustainable development in India can be realized with sustained economic growth and increased globalization.

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Titel: Accounting for the interconnectedness of globalization, growth, and poverty towards achieving sustainable development
verfasst von: Bisiriyu Sodiq Olaide
Malik Manzoor Hassan
Publikationsdatum: 06.06.2024
Verlag: Springer Netherlands
Erschienen in: Quality & Quantity / Ausgabe 6/2024
Print ISSN: 0033-5177
Elektronische ISSN: 1573-7845
DOI: https://doi.org/10.1007/s11135-024-01908-8

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