Globalization, Economic Growth, Poverty and Environmental Degradation in Least Developed Countries - A Review

Posted: 17 Sep 2007

See all articles by Abul Quasem Al-Amin

Abul Quasem Al-Amin

​Universiti Tenaga Nasional (UNITEN)

Chamhuri Siwar

National University of Malaysia (UKM)

Date Written: September 17, 2007

Abstract

It has been widely accepted that economic globalization is inevitable, and that globalization plays an increasingly important role in determining relative economic growth among countries. Considerable studies have addressed that increased in globalization or trade liberalization is directly or indirectly responsible for environmental degradation due to welfare loss and poverty inequalities. This paper discusses the third world countries globalization process incorporating trade, environmental externalities and poverty in three ways - first, environmental degradation poses an increasing threat to economic growth and economic growth through industrialization has been seen to lead to increased overuses of environmental resources. Second, trade liberalization encourages industrialization and manufacturing sector, overuses of resources leading to increased pollution. Third, past researchers have agued that globalization should help the poor but evidence suggests that globalization contributes to a positive and substantial share to regional inequality and the share rises over time.

Keywords: Globalization, trade, economic growth, environment, poverty, third world countries

JEL Classification: F10, F19, N5, N7

Suggested Citation

Al-Amin, Abul Quasem and Siwar, Chamhuri, Globalization, Economic Growth, Poverty and Environmental Degradation in Least Developed Countries - A Review (September 17, 2007). Available at SSRN: https://ssrn.com/abstract=1003630

Abul Quasem Al-Amin (Contact Author)

​Universiti Tenaga Nasional (UNITEN)

​Institute of Energy Policy and Research (IEPRe)
JALAN IKRAM
KAJANG, 43000
Malaysia
389212383 (Phone)

Chamhuri Siwar

National University of Malaysia (UKM) ( email )

43600 Bandar Baru Bangi
Bangi, Selangor
Malaysia

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