DEVELOPING COUNTRIES UNDER GLOBALIZATION: ECONOMIC GROWTH AND COUNTRY RISKS.

The article reflects the outcomes of a quantitative study of the relationship between the processes of globalization and economic growth. It covers 29 countries in Asia and Africa and the period from 2001 to 2019. Hypotheses about the relationship between the level of globalization, country's investment risk premium and economic growth are considered. Based on the results of the regression analysis of the panel data for the mentioned above period, it was concluded that the relationship between economic dynamics and the degree of inclusion of Asian and African countries in the global economy was negative. [ABSTRACT FROM AUTHOR]