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Accounting for the interconnectedness of globalization, growth, and poverty towards achieving sustainable development

Author

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  • Bisiriyu Sodiq Olaide

    (SRM University AP)

  • Malik Manzoor Hassan

    (SRM University AP)

Abstract

Among the contemporary issues in the global environment is how countries' and regions' interactions benefit economic agents, especially in developing countries where poverty prevails. Over the years, globalization has continued to increase, mainly as a result of differences in resources and technology, but how it affects the poor has remained one of the central issues in international economics. In this paper, we thus developed a Globalization-Growth-Poverty (GGP) triangular nexus to provide an answer to whether globalization and growth can help India achieve Goal 1 of sustainable development. The cointegration approach was used, and our result validates the globalization-led growth hypothesis and shows interconnectedness among globalization, economic growth, and poverty, which confirms the GGP triangular nexus. Our results further show that growth and globalization have a positive near future impact on poverty in India. Thus, the results suggest to the government and policymakers that the achievement of poverty reduction and sustainable development in India can be realized with sustained economic growth and increased globalization.

Suggested Citation

  • Bisiriyu Sodiq Olaide & Malik Manzoor Hassan, 2024. "Accounting for the interconnectedness of globalization, growth, and poverty towards achieving sustainable development," Quality & Quantity: International Journal of Methodology, Springer, vol. 58(6), pages 5655-5681, December.
    • Handle: RePEc:spr:qualqt:v:58:y:2024:i:6:d:10.1007_s11135-024-01908-8
    DOI: 10.1007/s11135-024-01908-8
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    Keywords

    Cointegration; Economic growth; Globalization; KOF index; Poverty; Sustainable development goals;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • F6 - International Economics - - Economic Impacts of Globalization
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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