Economic Impacts of Globalization: A Case of Igad in East Africa

The book examines how economic globalization influenced the development of the IGAD region between 2010 and 2019. It explores the local-national-global nexus as an element of the changing face of the International Political Economy (IPE). The study first deals with the conceptual issues and settles the question of how globalization is affecting the region’s development as well as how IGAD is responding to it to ensure development.The correlation analysis reveals that the impact of globalization is effective for the IGAD countries, which are in the efficiency-driven stage of development. The IGAD states are getting integrated into the world economy and thanks to globalization, that has boosted economic growth, however, it has also imposed high economic costs on the region. The results of this research are useful to economic policymakers in determining the role of institutions, policy instruments, and factors, which are necessary for attaining higher productivity, efficiency, and profitability that create resilient forces for competition in global and regional markets.