A Literature Review on the Determinants of Human Development

Globalization is the main engine of the today’s economic and social universe. It has emerged with the promise of a more livable, more prosperous, richer and more developed world by providing the accumulation of capital. However, contrary to the general beliefs, accumulation of capital is not enough to ensure and increase in well-being and quality of life. It is not a sign of human development alone and there are different social and economic dimensions of human development. Thus, it is important to understand the relationship between different economic indicators and human development and welfare. In this context, this study aims to find out the effect of FDI, import, export, which are commonly associated indicators in economic globalization, and corruption on human development for developing countries in the existing literature.