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 …

It is for good reasons that economic policymakers have rejected demands by globalization sceptics to fundamentally …

measured by the World Bank's Country Policy and Institutional Assessment (CPIA). If the CPIA is replaced by the Kaufmann index …