Effects of Globalization on Human Development: An Empirical Study on Selected Muslim Countries

This study investigates the relationship between various dimensions of globalization (social, economic, political) and the Human Development Index (HDI) in seven selected Muslim countries (Turkey, Bangladesh, Indonesia, Malaysia, Saudi Arabia, Egypt, and Pakistan) for the period 1990-2019. The Panel Auto Regressive Distributed Lag (ARDL) model was utilized for empirical analysis. In the empirical analysis section, the level of human development was used as the dependent variable, while economic, social, and political globalization were selected as independent variables. The study found that political and social globalization positively affects human development levels, while economic globalization negatively impacts HDI. These findings indicate that political and social globalization enhances individuals' living standards and well-being, whereas economic globalization may lead to various adverse economic outcomes. The study aims to contribute to understanding the different impacts of globalization processes on Muslim countries by detailing the effects of globalization's various dimensions on the human development index. The effects of economic, social, and political dimensions of globalization on human development levels have been examined. This study aims to highlight the dialectical relationship between globalization and the quality of life in globalizing countries. The results of the study, supported by econometric analysis, reveal that globalization affects the quality of life in a country not only economically but also socially and politically, in different ways and levels.