Globalization and Inclusive Human Development in Africa

Simplice Asongu, Jacinta Nwachukwu

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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 favourable 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.
Original languageEnglish
Article number20170001
JournalMan and the Economy
Volume4
Issue number1
Early online date10 Feb 2017
DOIs
Publication statusPublished - 27 Jun 2017

Keywords

  • Globalisation
  • Africa
  • inclusive development
  • inequality

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