Impact of globalisation on economic growth among developing countries

The paper examined the impact of overall, political, economic and social globalization on economic growth of 86 developing countries for the year 2015. This research employed causal research design with 86 countries using cross sectional approach. The data reliability and validity is tested using correlation and descriptive statistical means and standard deviation. The study used Gross Domestic Product and Foreign Direct Investments as dependent variables. Multiple regressions were used to analyze the casual impact of globalization on economic growth. The result indicated that overall globalization, political globalization and social globalization have a negative and non-significant impact on economic growth. However, economic globalization has a significant and positive impact on inward Foreign Direct Investments though it has a negative and non-significant impact on Gross Domestic Product suggesting a partial impact on economic growth. This means that more economic integration through globalization encourage Foreign Direct Investment. Therefore, policy makers should emphasis on economic integration that enables Foreign Direct Investment inflows to create more job opportunities and economic growth. Further studies should consider other related elements of Foreign Direct Investment attraction other than globalization. Also, future researchers should consider time series data in terms of panel survey which is considered more appropriate and relevant