Analyzing the Role of Globalization in Attracting Foreign Investment and Affecting the Economic Growth

So far as the economic indices are concerned the results of becoming global in some countries show a situation in which the dread of globalization on one hand and the opportunities it may bring about on the other have left the developing countries in a state of ambiguity.In this paper, we explain the effect of globalization on economic growth. For this purpose we choose some developing countries in two groups: more global and less global.We use a panel data model (1980 -2006) with variables that influence the growth. The results demonstrate the role of variables which are determinant in globalization process such as: Economic Security, economy openness and FDI.