%0 Journal Article
%T Exploring the Link Between Globalization and Economic Growth in Vietnam
%A Van Cam Thi Nguyen
%A Hoi Quoc Le
%J Annals of Organizational Culture, Leadership and External Engagement Journal
%@ 3108-4176
%D 2022
%V 3
%N 1
%R 10.51847/YlZDW79HQG
%P 16-26
%X This research sought to assess how globalization affects economic growth in Vietnam over the period 1995 to 2017, with a focus on the three key dimensions of globalization: political, economic, and social. Using the autoregressive distributed lag (ARDL) cointegration approach, the study identified a long-term relationship between globalization and economic growth, alongside other macroeconomic factors. The findings suggest that economic globalization had a significantly negative impact on growth, whereas political globalization exerted a positive impact. No substantial influence of social globalization on growth was found over the long term. In the short term, the three dimensions of globalization did not show any significant relationship with growth. Furthermore, the analysis showed that trade openness positively contributed to economic growth, while the ratio of foreign direct investment to GDP had a negative impact on growth in both the short and long term.
%U https://apsshs.com/article/exploring-the-link-between-globalization-and-economic-growth-in-vietnam-gezu0kuljoyb4sd