Should Consistent Patterns be Traced: Impact of Globalization on Certain Sustainable Development Facets

Manuela Tvaronavičienė, Toma Lankauskienė

Abstract


The aim of this article is to formulate hypotheses about interrelations of selected globalization and sustainable development indicators of differently developed countries. The concept of globalization and sustainable development and their aspects, are presented. After a review of relevant scientific literature, a special approach has been adopted, which has given rise to hypotheses about the impact of foreign direct investments on those two phenomena. Authors elaborate questions related to FDI performance peculiarities, which differ in developed and developing countries. In order to trace consistent patterns of FDI impact on specific aspects of sustainability during the process of development, countries have been attributed to respective groups according to their level of development. A set of sustainable development indicators has been selected according provided sustainable development aspects for the formulation of certain hypotheses. The following indicators are considered: GDP, exports, life expectancy at birth, primary school pupils, infant mortality, internet users, and residential consumption of electricity. Performed research enables verification of formulated hypotheses and discloses if consistent patterns of sustainable development could be traced as a result of countries’ globalization through inflows of foreign direct investments.

Keywords


globalization; sustainable development; sustainable development indicators; foreign direct investments (FDI); gross domestic product (GDP); developed; developing and underdeveloped countries

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"Societal studies" ISSN online 2029-2244 / ISSN print 2029-2236