Impact of Social Globalization on the Economy and FDI of Mali

Abstract

Currently Mali is open to international economy by liberalizing its investment and trade regimes with the expectation that it will rise economic growth and improve the living standard of the poor, but unfortunately, Mali has evidently failed to take advantage of the opportunities offered by the globalized economy: the country receives a little foreign investment, the maximum value Capital investment, by billion USD for Mali in the period of 2012 was 1.68 billion US dollars, the country fail to produce many processed goods for export, and makes less profit than almost any other countries of the world. Foreign direct investment in Mali has been largely confined to the natural resources especially mineral extraction. This study is an attempt to critically analyze the impact of globalization on the economic development of Mali. The research study adopts descriptive statistics, regression analysis and correlation employed to examine the relationship between globalization and economic growth and between globalization and inequality, recommendations are also given to Mali not be a victim of globalization. Keyword: Globalization, developing countries, economic growth, FDI, hindrance