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Globalization and Inclusive Human Development in Africa

Author

Listed:
  • Simplice Asongu

    (Yaoundé/Cameroun)

  • Jacinta C. Nwachukwu

    (Coventry University, UK)

Abstract

This study extents the literature on responses to a recent World Bank report on the African poverty tragedy by assessing the effect of globalisation on inclusive human development in 51 African countries for the period 1996-2011. Political, economic, social and general globalisation variables are used. The empirical evidence is based on Generalised Method of Moments (GMM) and Instrumental Quantile Regressions (IQR). While estimated coefficients are not significant in GMM results, for IQR, globalisation positively affects inclusive human development and the beneficial effect is higher in countries with high initial levels of inclusive development. The main economic implication is that in the post-2015 development agenda, countries would benefit more from globalisation by increasing their levels of inclusive development.

Suggested Citation

  • Simplice Asongu & Jacinta C. Nwachukwu, 2016. "Globalization and Inclusive Human Development in Africa," Working Papers of the African Governance and Development Institute. 16/049, African Governance and Development Institute..
    • Handle: RePEc:agd:wpaper:16/049
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    3. Paulos C Tsegaw, 2020. "The Nexus Between Good Governance Indicators And Human Development Index In Africa: An Econometric Analysis," Journal of Public Administration and Governance, Macrothink Institute, vol. 10(2), pages 119-119, December.
    4. Bil, Mariana & Barna, Marta & Zbarska, Anna, 2021. "Migration and human development in Ukraine: features of interaction and priorities of state regulation," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 7(3), September.
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    11. Vanessa S. Tchamyou & Ofeh M. Edoh, 2022. "Gender Inclusion and Sustainable Development in Africa," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 22/020, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    12. Isaac K. Ofori & Andreas Freytag & Simplice A. Asongu, 2023. "Economic globalisation and Africa’s quest for greener and more inclusive growth: The missing link," Working Papers of the African Governance and Development Institute. 23/032, African Governance and Development Institute..
    13. Jayanti Behera & Dukhabandhu Sahoo, 2022. "Asymmetric relationships between information and communication technology (ICT), globalization, and human development in India: evidence from non-linear ARDL analysis," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 11(1), pages 1-25, December.
    14. Vanessa S. Tchamyou & Ofeh M. Edoh, 2022. "Gender Inclusion and Sustainable Development in Africa," Working Papers 22/086, European Xtramile Centre of African Studies (EXCAS).
    15. Titus A. Ojeyinka & Tolulope T. Osinubi, 2022. "The moderating role of financial development in the globalization-sustainable development nexus in some selected African Countries," Economic Change and Restructuring, Springer, vol. 55(4), pages 2051-2080, November.
    16. Sodiq Arogundade & Mduduzi Biyase & Hinaunye Eita, 2021. "Foreign Direct Investment and poverty in Sub-Saharan African countries: the role of host absorptive capacity," Economic Development and Well-being Research Group Working Paper Series edwrg-04-2021, University of Johannesburg, College of Business and Economics, revised 2021.
    17. Nkechinyere R. Uwajumogu & Ebele S. Nwokoye & Richard O. Ojike & Kingsley I. Okere & Joy N. Ugwu & Anuli R. Ogbuagu, 2022. "Globalization and the proportion of women in vulnerable employment in sub‐Saharan Africa: The role of economic, social, and political conditions," African Development Review, African Development Bank, vol. 34(3), pages 356-369, September.
    18. Vanessa S. Tchamyou & Ofeh M. Edoh, 2022. "Gender Inclusion and Sustainable Development in Africa," Working Papers of the African Governance and Development Institute. 22/086, African Governance and Development Institute..

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    More about this item

    Keywords

    Globalisation; inequality; inclusive development; Africa;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • D60 - Microeconomics - - Welfare Economics - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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