Investigating of Impacts of Political, Social and Economic Globalization on Poverty in Developing Countries

Today, globalization is inescapable fact for all countries. Generally, there are two approaches related to globalization in economics; according to first approach globalization leads to stable economy in the developing countries, improving the economic welfare, decreasing of poverty and increasing the economic growth. In the second approach, this phenomenon leads to dispersing power and interests in these countries and as a result, increasing economic instability, poverty and economic vulnerability of these countries. In this study, the impacts of globalization on poverty in developing countries, upper and lower middle income, over the period 1990-2014 is investigated using panel data. The results show that economic, social, and political globalization and total index have negative and significant effect on increasing poverty in upper middle income countries, statistically. Furthermore, social and total index of globalization have positive and significant effect on increasing poverty in lower middle income countries while economic and political globalization do not have significant effect in these countries, statistically.