Will globalization lead to economic equality?
Answers from top 7 papers
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| Papers (7) | Insight |
|---|---|
| Reforms towards economic freedom seem to increase inequality mainly in rich countries, and social globalization is more important in less developed countries. | |
12 Citations | Only in the most optimistic scenarios of trade theory or political discourse does globalization lead to gains for American workers. |
34 Citations | Having animated the economic analysis and policy discourse for the past half century, the globalization–inequality nexus seems set to continue in this vein in the coming decades. |
27 Citations | These results suggest that the effect of economic globalization on income inequality has two routes and two different speeds. |
| I argue that economic history and economic theory both provide ample grounds for anticipating that advanced stages of economic globalization would produce a political backlash. | |
| This article argues that capitalist globalization is largely responsible for creating or intensifying many of our most serious economic and social problems. | |
77 Citations | The results show that there is a positive and statistically significant association between economic globalization and the magnitude of regional disparities. |
Related Questions
How globalization and taxation policies cause income inequality?5 answersGlobalization impacts income inequality by benefiting skilled workers in both developed and emerging markets, while leaving unskilled and middle-skilled workers at a disadvantage. Financial globalization, through capital account liberalization, tends to increase income inequality by favoring the richest income deciles. Governments face challenges in addressing growing inequalities within a globalized economy, leading to potential trade-offs between inequality, unemployment, progressivity, and redistribution. Taxation policies can exacerbate income inequality in a globalized economy, as seen in the trade-off between formalization of labor and income equality resulting from tax reforms. The shift towards consumption taxes from payroll taxes may improve formalization but could widen income disparities, emphasizing the need for effective social protection systems and labor laws to mitigate adverse effects of trade liberalization on income distribution.
In what way is economic globalization shaping inequalities at various geographical scales?5 answersEconomic globalization plays a significant role in shaping inequalities across different geographical scales. Studies indicate that countries with higher economic integration with the world tend to experience greater regional disparities. This impact is particularly pronounced in low- and middle-income nations, where regional income gaps are notably wider than in high-income countries. The spatial effects of globalization lead to the emergence of both winning and losing regions within countries, with low-income regions often being the losers in this scenario. Furthermore, the spread of COVID-19 highlighted how globalization and economic relations influenced the international transmission of the virus, emphasizing the interconnectedness of global economies. In developing economies, technological advancements driven by globalization exacerbate inequalities by increasing the demand for skilled labor, further deepening regional and social disparities.
Has globalization led to greater economic inequality in the world?4 answersGlobalization has had mixed effects on economic inequality. While some studies suggest that globalization has led to greater economic inequality globally, others argue that the adverse effects of globalization are concentrated in certain social groups, firms, industries, and regions. The impact of globalization on income inequality varies depending on factors such as industry affiliation, firm type, and location. In advanced nations, globalization has actually reduced income inequality, while in low-income countries, it has had the opposite effect. Trade globalization has been found to worsen income distribution, while foreign direct investment (FDI) has a positive impact on reducing income inequality. Additionally, technology and education can mitigate the effects of globalization on economic disparity. Overall, the relationship between globalization and economic inequality is complex and depends on various factors.
What is the impact of globalization on wage inequality? (2022)?5 answersGlobalization has a mixed impact on wage inequality. In advanced nations, globalization has reduced inequality, while in low-income countries, it has increased inequality. Trade and foreign direct investment (FDI) have opposing effects on income distribution. Trade worsens income inequality, while FDI helps to lessen it. The effects of globalization on wage inequality vary across different countries and regions. Immigration and FDI contribute to wage inequality in old EU Member States, while trade is the key source of wage inequality in new EU Member States. Financial globalization can either decrease or increase skilled-unskilled wage inequality, depending on the capital tax rate. Import penetration from China has had a negative effect on wages at different points of the distribution in Italy, but overall inequality has not substantially increased.
Does globalization leads to inequality?5 answersGlobalization has both positive and negative effects on inequality. On one hand, it has increased the demand for skilled workers and led to income growth in emerging markets and advanced economies. On the other hand, globalization has concentrated adverse effects on certain social groups, firms, industries, and regions, leading to persistent or even magnified inequality over time. Governments can try to compensate for the damages caused by globalization, but this can result in trade-offs between inequality and unemployment, progressivity and redistribution, and can also lead to a rise in public debt. Additionally, globalization-driven inequality primarily affects unskilled and middle-skilled workers, highlighting the importance of expanding tertiary education to address this issue. Empirical evidence shows that globalization has led to an increase in income inequality, with a significant rise in top incomes in advanced countries. However, the impact of globalization on inequality varies across countries, with advanced nations experiencing a reduction in inequality while low-income countries see an increase.
How does global economic inequality impact gender ineuqality?2 answersGlobal economic inequality has an impact on gender inequality. Economic globalization, which opens up new opportunities for women, has been found to have a positive effect on gender equality. However, this effect is contingent upon social globalization, which exposes individuals to external ideas and information flows. Social globalization contributes to policy adaptation and support for gender equality by shifting values and exposing the public to alternative gender-role models. Additionally, economic and social globalization have been found to exert a positive influence on the social institutions that underlie gender equality. On the other hand, the relationship between gender inequality and economic growth is more complex. Gender inequality in education has been found to adversely affect economic growth, while gender inequality in labor force participation has a positive impact on it. Overall, the effects of globalization on women are mixed, with both positive and negative influences.