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The Impact Of Globalization On Domestic Growth In Africa, Thomas L. Ainscough, Todd M. Shank
The Impact Of Globalization On Domestic Growth In Africa, Thomas L. Ainscough, Todd M. Shank
Journal of Global Business Insights
Research into the impacts of globalization on domestic growth in Africa has been scarce and the results of the research that does exist have been mixed. This research addresses this gap in the literature by using the newly revised KOF Globalization Index to determine the impact of social, political, and financial globalization on African economies. The KOF Index was revised substantially in 2019. Our full data set includes 40 years of data, from 1980-2019. Findings indicate that the relationship between globalization and GDP is best represented by a non-linear cubic model. With that model, social globalization has become Africa’s most …