Acta Universitatis Danubius. Œconomica, Vol 7, No 3 (2011)

Abstract

The globalization process has positives as well as negative impacts on any society, which differ from country to country. The negative effects can be countered by adopting the policies that contribute in economic development.  This study attempts to review the long-run relationship of economic growth and globalization in Pakistan from the years 1980-2009  by employing the time series data, co-integration and error correction technique are use to determine the long run effect of globalization on economic growth. The results indicate that globalization can be a useful tool for economic growth for a developing country like Pakistan.