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Journal : BISNIS

The Impact of Globalization on Economic Growth in ASEAN Suci, Stannia Cahaya; Asmara, Alla; Mulatsih, Sri
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Vol. 22, No. 2
Publisher : UI Scholars Hub

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Abstract

The establishment of ASEAN (Association of Southeast Asian Nations) as one of the most highly-integrated regional organizations is the reflection of the process of globalization. This high integration is characterized by international cooperation in economic, social and political policies. One of the positive impacts of globalization itself is the increasing economic growth. However, this economic growth is disproportionately distributed among countries. In Southeast Asia, this is shown by the fact that the rising globalization in ASEAN is not always followed by the increase in economic growth. By using the KOF Index of Globalization that covers three main dimensions: economic integration, social integration, and political integration, this research paper looked into the impact of globalization on economic growth. Based on the panel data of six developing countries in ASEAN from 2006 to 2012, this research paper found that the overall index of globalization had positively and significantly impacted the economic growth in the region. Economic and political globalization also positively impacted the economic growth. However, the social globalization did not affect the growth. Inflation, infrastructure, quality of education, technological preparedness and government spending also had positive impact on economic growth.
Co-Authors . Dahri Abdullah, Asaduddin Abiyyu, Ikhwan Achsani, Muhammad Nur Faaiz Ade Ayu Fleury Amalina Adrian D Lubis Afiff , Usamah Afrianto, Andri Ahmad, Fahmi Salam Alexandi, Muhammad Findi Anggi Meiri Ari Surya Rusdiono Arthur, Kevin Michael Bambang Juanda Beginer Subhan Chandra Darma Permana Dara Resmi Asbiantari Dedi Budiman Hakim Deni Lubis Deva Primadia Dewi, Intani Dian Rinaldy Dila Vindayani Dominicus Savio Priyarsono Dyah Hapsari Amalina Elizabeth Sonya Lumbantoruan Emerseon, Errick Etrisia, Novi Fadhillah, Naufal Falikhakh Nur Baeti Fikanti Zuliastri Fiona Hanberia Innayah Fitri, Tiara Anisa Hannoeriadi A., Ivan Happy Febrina Hariyani Hardianti, Aprilia Hastuti, Ing Mariani Hermanto Siregar Hutagaol, M. Parulian Hutagaol, Manuntun Paruliah I Wayan Budiastra Idqan Fahmi Indah Nurhidayati Indrayansyah Nur Ing Mariani Hastuti Islami, Nurfara Ivan Hannoeriadi A. Kirbrandoko Kirbrandoko Lukytawati Anggraeni M. Parulian Hutagaol Megawati Simanjuntak Muhammad Al Furqan Hakim Muhammad Firdaus Mukhamad Najib Murohman Murohman Murohman Murohman NADIRAH, TAMI nFN Kuntjoro Nia Kurniawati Hidayat, Nia Kurniawati Nor Jannah, Nor Purwono Nugroho Puspita Mega Lestari Effendi Puspita Mega Lestari Effendi Rahmasari, Liisa Firhani Rahmat Hidayat Rina Oktaviani Rina Oktaviani Rindayanti, Wiwiek Ristianingrum, Anita Rizal Syarief Rotinsulu, Dordia Anindita Rully Aprianto Safika S, Safika Salundik Sholihah Amalina Dyah Hapsari Sibarani , David Richardo Sri Hartoyo Sri Hartoyo Sri Mulatsih Sri Mulatsih Stannia Cahaya Suci Suci, Stannia Cahaya Syamsiar, Syamsiar TAMI NADIRAH Tanti Novianti Tarigan, Rallyanta Tarisa Fadillah Titis Priyowidodo Tony Irawan Ulandari, Rafika Wiwiek Rindayati Wonny Achmad Ridman YETI L. PURNAMADEWI Yeti Lis Purnamadewi Yohandira Yohandira Yusuf, Diasitta