The Repository @ St. Cloud State

Open Access Knowledge and Scholarship

Date of Award


Culminating Project Type


Degree Name

Applied Economics: M.S.




School of Public Affairs

First Advisor

Artatrana Ratha

Second Advisor

Eungmin Kang

Third Advisor

Morgan Nyendu

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Keywords and Subject Headings

Globalization, Africa


The influence of socio-economic and political factors of Globalization on Africa has been long debated and studied throughout the history. This paper concentrates on investigating the impact of Globalization on Per Capita income growth and on another side it examines the relationship between education attainment, war, employment and gross capital formation on per-capita income. Using a Panel dataset of 11 African countries from 1971 to 2010, we find evidence that that globalization has had a negative impact on economic growth in Africa. Several control variables were used in the regression viz education, employment, gross capital formation, and also a war dummy. While war and employment variable were insignificant, gross capital formation was highly significant implying capital formation would boost economic growth but globalization would not.