Do Globalization and Gender Equality Accelerate Economic Growth in Asian Countries?

Abstract

In recent decades, Asian economies have become more integrated and interdependent in terms of economic, social, and political dimensions. This has ushered in the era of globalization. Arguably, globalization, by narrowing down the global gender gap between Asian countries, has positively contributed to their economic growth. In this background, this study examined the impact of globalization and gender equality on economic growth in 15 selected Asian economies. The outcomes indicate that the gender factors in health, education, and employment dimensions positively affect the economic growth in Asia in the long run. Furthermore, globalization has been found to have a positive impact on economic growth in Asian countries in the long run. Therefore, globalization and gender equality can be considered as the significant determinants of economic growth in Asia. The implication is that the policy focus should be to ensure the deepening of globalization and augmenting gender equality to achieve higher levels of economic growth in Asia.