Impact of Globalization on HDI (Human Development Index): Case Study of Pakistan

European Journal of Social Sciences, Vol. 13, No. 1, p. 46, 2010

10 Pages Posted: 30 Sep 2010

See all articles by Adnan Hussain

Adnan Hussain

Benazir Bhutto Shaheed University, Lyari, Karachi; University of Karachi - Applied Economics Research Centre

Sadaf Majeed

University of Karachi - Applied Economics Research Center

Sulaiman D. Muhammad

Federal Urdu University of Arts Science & Technology

Irfan Lal

Institute of Business Management (IoBM); University of Karachi - Applied Economics Research Centre; Institute of Business Management

Date Written: February 1, 2010

Abstract

The purpose of the study is to find out whether the foreign direct investment (FDI) and international trade extension is an effective tool of economic stability and development in the current international scenario in case of Pakistan or not, this our research question in this study. The data which have been selected in this research is from 1975 to 2008, which was the age of economic and financial liberalization under an open economy (globalization). The Statistics have been analyzed through Ordinary least squired (OLS) with HDI as dependent variable and ratio of FDI to GDP, real GDP growth rate along with export and import as independent variables. The coefficient of FDI is significant as anticipated, however the coefficient of real GDP-ratio is insignificant and has negative sign because of income inequality in the case of Pakistan.

Keywords: FDI, HDI, International Trade

Suggested Citation

Hussain, Adnan and Majeed, Sadaf and Muhammad, Sulaiman D. and Lal, Irfan, Impact of Globalization on HDI (Human Development Index): Case Study of Pakistan (February 1, 2010). European Journal of Social Sciences, Vol. 13, No. 1, p. 46, 2010, Available at SSRN: https://ssrn.com/abstract=1684597

Adnan Hussain

Benazir Bhutto Shaheed University, Lyari, Karachi ( email )

Faqir Mohammad Dura Khan Road,
Near cheel chowk
Karachi, Sindh 75500
Pakistan

HOME PAGE: http://www.bbsul.edu.pk

University of Karachi - Applied Economics Research Centre ( email )

Mail University Road
Karachi University
Karachi, SC Sind 75270
Pakistan

Sadaf Majeed

University of Karachi - Applied Economics Research Center ( email )

University Road
Karachi, SC Sind 75270
Pakistan

Sulaiman D. Muhammad

Federal Urdu University of Arts Science & Technology ( email )

Sector G-7/1, Main University Road
Gulshan-e-Iqbal
Karachi, Sindh 744000
Pakistan

Irfan Lal (Contact Author)

Institute of Business Management (IoBM) ( email )

Plot # 84
Korangi Creek
Karachi, Sindh 75190
Pakistan

University of Karachi - Applied Economics Research Centre ( email )

Main University Road
Karachi University
Karachi, SC Sindh 75270
Pakistan
00923212348843 (Phone)

Institute of Business Management ( email )

D-93040 Regensburg
Germany

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