Bibliometric analysis between globalization, information technology, and economic growth

Abstract

In the contemporary epoch, globalization, spurred by rapid advancements in information technology (IT), is conjectured to be a significant driver of economic growth. This research embarks on unravelling the nuanced interrelations among globalization, IT, and economic growth through a bibliometric analysis of extant scientific literature. Employing VOSviewer for the bibliometric scrutiny, an exhaustive sample of scholarly articles from Scopus was meticulously examined. The principal objective was to ascertain the thematic nucleus within this academic ambit. The findings accentuate that trade and financial globalization, technological innovations, and economic development are the cardinal themes. Particularly, the analysis sheds light on the convoluted relationships of economic growth intertwined with trade globalization and IT. However, an important observation made is that the dividends of global trade are not equitably distributed across countries globally. As a consequence, while numerous sectors flourish owing to digitization, others wrestle with structural metamorphoses. This inequity, amalgamated with technological progressions like automation and digital transformation, foments escalating sentiments of scepticism, protectionism, and reticence towards globalization among certain scholarly factions, notwithstanding other experts extolling the myriad benefits of the globalization trajectory. The research method's meticulous bibliometric approach, utilizing VOSviewer, has enabled a holistic understanding of the prevalent discourse, thereby providing a robust foundation for future inquiries into this multifaceted interplay.