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Impact of de-globalization on development: Comparative analysis of an emerging market (India) and a developed country (USA)

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  • Garg, Shamita
  • Sushil,

Abstract

Strategists observe that the world is moving toward deglobalization thinking, and developed states have already marked their beginning. In this study, we have tried to analyze how the impact of globalization is different in the case of an emerging market country and a developed country. We have chosen India for our study because of its robust growth in manufacturing and business-friendly policy reforms. On the other hand, we have taken the case of the United States pertaining to the recent policy reforms it has undergone. We have employed the SAP-LAP approach to analyze the country's case situation. This research finds that India’s way of managing globalization has positively affected its dominant performance domains like employment rate, GDP growth, and poverty. Conversely, in the case of a developed country like the United States, globalization has adversely impacted the dominant performance areas, particularly GDP, employment generation rate, and poverty.

Suggested Citation

  • Garg, Shamita & Sushil,, 2022. "Impact of de-globalization on development: Comparative analysis of an emerging market (India) and a developed country (USA)," Journal of Policy Modeling, Elsevier, vol. 44(6), pages 1179-1197.
    • Handle: RePEc:eee:jpolmo:v:44:y:2022:i:6:p:1179-1197
    DOI: 10.1016/j.jpolmod.2022.10.004
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