Globalization And Inequality In Different Economic Blocks

globalization and inequality in different economic blocks

Globalization and Economic Inequality in the Short and Long Run :

We have analyzed the determinants of the Gini coefficient for income and expenditure. In both cases, we do not find support for the Kuznets inverted-U hypothesis. From economic globalization viewpoint, the opening of goods markets reduces income inequality both in the short run (the Gini coefficient for income) and in the long run (the Gini coefficient for expenditure). On the other hand, the o...

Economic Globalization and Increasing Earnings Inequality in Affluent Democracies

Purpose – Since the 1960s, the affluent democracies have experienced substantial changes in earnings inequality at the same time as heightening economic globalization. This paper investigates the relationship between these two processes. Methodology/Approach – I use fixed-effects models, and comprehensive measures of globalization and earnings inequality to scrutinize the relationship between t...

The Relationship between Globalization, Economic Growth and Income Inequality

This study investigates the relationship between globalization and income inequality by developing a new globalization index based on economic growth. In addition two other indices of globalization, non-parametric Kearney and parametric principal component analysis are used as benchmarks to compare the results. The proposed new index is decomposed into four sub components. The index is also est...

Globalization and Inequality

Globalization and Inequality

IN our efforts to understand the state of inequality today, we need first to define the key concepts and terms. Most crucially, we need to distinguish between international and global inequality in order to avoid terminological confusion. I explore these two concepts throughout the essay. Here it suffices to say that international inequality denotes the inequality between nations, more exactly ...