Beyond Borders

This thesis examines the impact of economic globalisation on national economic prosperity. Through export revenues, there are significant relationships found between economic globalisation to schooling investment decision, human development level, and income inequality. A higher export earnings increase educational attainment and the HDI score, while the Gini Index is significantly lowered. Nonetheless, the effects found were relatively small, inferring that other factors could explain the variation in these variables. It was discovered that population growth and death rate mainly affect the level of human capital and development attainment. These outcomes imply a requirement for appropriate and flexible economic reforms to enable nations to extract the gains out of globalisation and openness fully.