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These studies suggest globalization positively impacts economic growth in ASEAN countries, with economic, political, and social globalization generally increasing GDP and per capita GDP, although social globalization may have mixed effects.
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Globalization, characterized by the increasing interdependence of world economies through trade, investment, and technology, has been a significant factor influencing economic growth and productivity. This synthesis examines the impact of globalization on productivity in ASEAN countries, drawing insights from multiple research papers.
Positive Impact on Economic Growth and Productivity:
Differential Impact of Globalization Dimensions:
Role of Policy and Infrastructure:
Globalization positively impacts productivity and economic growth in ASEAN countries, primarily through improved resource allocation, technological advancements, and increased capital flows. However, the effects of different dimensions of globalization vary, with economic and political globalization generally having more favorable outcomes than social globalization. The impact of globalization is also influenced by country-specific factors, including policy effectiveness and infrastructure quality. Overall, while globalization presents significant opportunities for economic growth, its benefits are maximized through strategic policy implementation and investment in supportive infrastructure.
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