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Globalization And Poverty: Evidence For Lower-Middle Income Country

Author

Listed:
  • Philip Ifeakachukwu Nwosa

    (Department of Economics, Faculty of Social Sciences, Federal University Oye-Ekiti, Nigeria)

  • Temitope Adebisi Adeoye

    (Department of Economics, Faculty of Social Sciences, Federal University Oye-Ekiti, Nigeria)

Abstract

The study examined the impact of globalization on poverty rate with evidence from middle-income country. It focused on Nigeria for the period spanning 1981 to 2018. The study employed the ARDL estimation technique, and the results showed that globalization had negative and significant impact on poverty rate in Nigeria. Therefore, the conclusion was made that globalization had contributed significantly in reducing poverty rate in Nigeria. The study recommended the need for the government to maintain strong economic and political global ties with the rest of the world. This would encourage more foreign investors and business opportunities in the country which would aid reduction of poverty rate in Nigeria. More so, there is the need to ensure that the dividend of economic growth from globalization is properly shared among the poor, as this would reduce the number of the poor people below the poverty line.

Suggested Citation

  • Philip Ifeakachukwu Nwosa & Temitope Adebisi Adeoye, 2021. "Globalization And Poverty: Evidence For Lower-Middle Income Country," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 19(1), pages 63-72, May.
    • Handle: RePEc:tuz:journl:v:19:y:2021:i:1:p:63-72
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    References listed on IDEAS

    as
    1. Ann Harrison, 2007. "Globalization and Poverty," NBER Books, National Bureau of Economic Research, Inc, number harr06-1.
    2. Siyan, Peter & Adegoriola, Adewale E. & Adolphus, James Ademola, 2016. "Unemployment and Inflation: Implication on Poverty Level in Nigeria," MPRA Paper 79765, University Library of Munich, Germany.
    3. Ann Harrison & Margaret McMillan, 2007. "On the links between globalization and poverty," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 5(1), pages 123-134, April.
    4. Harrison, Ann (ed.), 2007. "Globalization and Poverty," National Bureau of Economic Research Books, University of Chicago Press, number 9780226318004.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    globalization; poverty; ARDL; Nigeria;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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