الفهرس 
Introduction and DefinitionGlobalization and Developments ofGlobalization and DevelopmentOnly 14 pages are availabe for public view
 |  | from | 557 |  |  |
| | | from | 557 | | |
Abstract
Globalization is closely associated with the increase in trade,
movement of capital, foreign investment and technological
developments. The increase in trade is a result of the specialization in
line with the Classical Theory of Robert Torrens (1808), David
Ricardo (1819) and Heckscher-Ohlin (H-O) (1919-1933). This
increase in trade and specialization leads to the creation of work and
employment opportunities. This however is dependent on the
availability of Human Capital capable of achieving the development
and the existence of adequate institutions in the country.
The basis of the Growth and Development Theories of Solow
(1956), Rostow (1960), Lewis (1954) , Romer (1986) can be traced
back to 16th and 17th century and the systematic exploration of the
causes of economic growth of Smith (1776). The foundations of
modern economic growth theory can be traced as far back to Ibn
Khldoun “Introduction to History - Mokademat” (1377). Despite the
differences between these theories and the long history across the
ages, the labor force i.e. the human element, remains the common
fundamental element in all the theories.
Several recent studies in the present and last decades showed a
positive relation between the measures of Globalization in terms of
trade, FDI, etc and growth, Derher (2006)