| Title |
Globalizacijos poveikis ekonominio augimo tempams konvergavimo aspektu / |
| Translation of Title |
Impact of globalization on economic growth rates: aspect of convergence. |
| Authors |
Montvilaitė, Kristina ; Ruplienė, Dovilė |
| Full Text |
|
| Is Part of |
Ekonomika ir vadyba: aktualijos ir perspektyvos.. Šiauliai : Šiaulių universiteto leidykla. 2011, Nr. 3, p. 80-88.. ISSN 1648-9098 |
| Keywords [eng] |
globalisation, convergence ; economic growth rates ; economic growth factors |
| Abstract [eng] |
It is noted that the smaller the economy, the higher the impact of openness on growth. It was revealed that open economies tend to converge, while closed economies do not have this tendency. Therefore, openness accelerates the economic growth rates and increases income levels. Summarising the hypothesis of ELG (export- led growth), it has been found that the majority of studies confirm the benefits of international trade for economic growth, i.e., export growth accelerates economic growth. On the other hand, potential negative aspects of the impact have been identified: prevention of domestic market growth and development, ELG causes the race among the less developed countries, sparks conflicts between workers of developed countries and less developed countries, and the investment boom creates financial instability and strengthens the dependence of less developed countries on the developed economies, etc. [...]. |
| Published |
Šiauliai : Šiaulių universiteto leidykla |
| Type |
Journal article |
| Language |
Lithuanian |
| Publication date |
2011 |
