The Role of Globalization in Economic Development

7 Pages Posted: 14 Mar 2013

Date Written: September 14, 2012


Globalization is the process of increased interconnectedness among countries. The prosperous economic development that is typically gained because of the increased interconnectedness among countries usually results in a better standard of living, and an overall improved quality of life. The successful economic development of a nation hinges on its ability to globalize. Given that the international integration of national economies has such a profound effect, globalization plays a central role in determining the future of the world. This paper attempts to explain what role globalization has played and its overall impact on economic development.

Keywords: Globalization, Economic Development

JEL Classification: A10, A22, O10, O19

Suggested Citation

Levy, Brandon, The Role of Globalization in Economic Development (September 14, 2012). Available at SSRN: or
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