Title: Globalisation and development: challenges for developing countries

Authors: M.M. Haris Aslam; Sarwar M. Azhar

Addresses: Department of Operations and Supply Chain, University of Management and Technology, C II Johar Town, Lahore-54770, Pakistan ' Department of Marketing, University of Management and Technology, C II Johar Town, Lahore-54770, Pakistan

Abstract: Globalisation in the recent times has resulted in increased interdependence between the countries. While the process of globalisation holds the promise of development for all, it has been argued by various researchers that situation on ground is otherwise. There is considerable disagreement about whether globalisation is equally beneficial for all countries or is it more favourable for developed countries? While both sides have strong arguments, there is no escape from the fact that the current globalisation process seems hardly reversible. Even if the developing countries (DCs) are currently at a disadvantageous position, they cannot stop the process. Current study highlights the challenges presented by the globalisation process to the developing countries in the areas of trade and industry, employment, poverty alleviating and income distribution, environment, and intellectual property rights. Dealing with these challenges can help developing countries integrate in the world economy in a better way.

Keywords: globalisation; economic development; developing countries; poverty alleviation; intellectual property rights; IPR; trade; industry; environment; economic growth; economic policy; emerging economies.

DOI: 10.1504/IJEPEE.2013.055795

International Journal of Economic Policy in Emerging Economies, 2013 Vol.6 No.2, pp.158 - 167

Published online: 28 Jun 2014 *

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