ASEAN countries from 2013 to 2019. The method used in this study was Ordinary Least Squares (OLS) using

the EViews 10 application. The research procedure goes through several stages, including classical assumption

testing consisting of normality tests, multicollinearity detection, heteroskedasticity tests, and autocorrelation

tests. Furthermore, testing for the best model selection is carried out, and hypothesis testing is carried out. The

results of this study show that globalization can improve the economies of 10 ASEAN countries. This can be

seen in economic, political, and social globalization, both partially and simultaneously having a significant

positive effect on economic growth. Finally, this study provides policy recommendations for ASEAN countries

related to globalization and economic development.

Key-Words: - ASEAN, Globalization, Economic Growth.

rapid growth from each other dependability and

connections in the world of commerce and finance.

But Lyman argued that globalization is not only

limited to the phenom of trade and flow thriving

capitalism and the free market. Meanwhile,

dimensions technology is information that has

responsibility, and accountability.

that united many countries and pushed global and

globalizing economy formulation policy.

Globalization has become a challenge for almost all

countries with demand existing, openness growing

economy broad. According to a study from

Nowbutsing, [5], exposure promotes growth through

research and development and general market

access.

Because power competition is something about a

state’s ability to face challenges and global

competition in enhancing the ll-being of people.

However, many countries have behind as a

consequence of globalization. This is because of a

lack of power competitiveness, activities production

which is not efficient, retarded technology, and lack

of capital and reduced capacity Public to compete in

the global market successfully. In the face of

powerful globalization, the competitive expected

growth and development economics. Many studies

find the influence positive of globalization on

growth through allocating adequate source power

domestically. Diffusion productivity factors and

additional capital. Instead, others argue that

globalization’s effect is harmful to increase in

countries with weak institutions and unstable

politics. The countries specialize in activities that

are ineffective in the globalization process.

Developing the economy has entered quality into

Source: World Bank, ETH. Zurich

results from mobility rising man and forms of

communication. The relevant constituencies

involved in progress or political problems often live

in different places or move between areas, [15].

outside world, [16]. One e them is social

globalization. Index Globalization social be

measured through three indicator variables:

interpersonal globalization by 33.3 percent,

Informational Globalization by 33.3 percent, and

Among member observations one with different

Watson value is between -2 to +2, the data is free

from problem autocorrelation. Table 6 shows that a

the data is free from problem autocorrelation.

3.1.2 Model Selection

Chow's test was used to know whether the fixed

effect model is better used than the typical effect

model. Then the Hausman test was used to tell

whether the fixed effect model was better used than

study is the Fixed Effect Model (FEM). Following

shown in Table 7, variables free from globalization

statistical test results could be seen as follows:

simultaneously obtained F- statistics as big 1707142

and shows whole variable free in a study. This

society, and globalization politics can explain

variation growth in the economy in 10 ASEAN

countries is 99%. The remaining 1% is defined by

other variables not in the models.

imported factor items production rare or expensive

if domestically produced. With an open economy,

deciphers development economy as a causal process

of change in society, that is, change in politics,

social structure, value social and activities economy

other-oriented to outside. At stages stay take off,

growth economy with exists something change in

Public as creation progress rapidly in innovation,

market opening, and occurrence increase investment

productive. So, with an open economy on stage, stay

take off could cause growth continuing economy

rise.

transactions more efficiently as one source of

financing development, facilitating trading

internationally, and supportive development sector

finance that could increase the growth economy.

This is what causes the globalization economy to be

more dominant in influencing the growth economy

in a country.

to realize the interests of the actor who runs it.

countries, organizations, government and non-

government, and international companies, [25].

0.010851 interpreted if globalization politically

enhancement growth of the economy in 10 ASEAN

with world peace, every country can support the

[12] A. Dreher, “Does globalization affect

[13] S. S. Todaro MP, Pembangunan Ekonomi

[14] L. Beer and T. Boswell, “The Effects of

[17] A. Widarjono, Ekonometrika Pengantar dan

[18] D. Gujarati, Basic Econometrics, 5th Editio.

[19] D. . Gujarati, Dasar- Dasar Ekonometrika,

[20] W. W. Winarno, Analisis Ekonometrika dan

[22] P. S. Bekti, “Pengaruh Globalisasi Terhadap

[23] R. N. Purnomo, “Analisis Pengaruh