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 …

. Globalization through FDI has become significantly more important since the early 1990s. Various groups of developing countries have … determinants of FDI, notably the size of local markets, can no longer be taken for granted. Globalization tends to induce a shift …