Globalization improves the prospects for developing countries (DCs) to catch up economically with industrialized … countries. Depending on economic policies with respect to openness and factor accumulation, globalization may increase capital … world economy. Nevertheless, many observers draw an overly pessimistic picture of the perspectives of DCs in the era of …

The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all … developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance … and foreign indebtedness which may explain the varying experience with globalization in regard to per capita income growth …