About the project
The increasing globalization of the world economy offers developing countries numerous opportunities in terms of fostering industrialization. Exports and the GDP growth rate may increase and new jobs may be created. For those developing countries, that have had a rather lower per capita income level, this applies especially to labor-intensive manufacturing products. On the other hand, globalization also entails risks, for example due to increasing competition from imports from other countries. This research project examines the effects of the increasing integration of developing countries into the world economy on the industrial sector in the respective countries (value added, employment).