Economic Globalization and Income Inequality: A Review

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 In Different Economic Blocks

The Relationship between Income Inequality and Globalization

In this paper we present two composite indices of globalization. The first one is based on the Kearney/Foreign Policy Magazine and the second one is obtained from principal component analysis. They indicate which countries have become most global and show how globalization has developed over time. The indices are composed of four components: economic integration, personal contact, technology an...

Economic Growth and Income Inequality

The central theme of this paper is the character and causes of long-term changes in the personal distribution of income. Does inequality in the distribution of income increase or decrease in the course of a country's economic growth? What factors determine the secular level and trends of income inequalities? These are broad questions in a field of study that has been plagued by looseness in def...

Income distribution inequality, globalization, and innovation: A general equilibrium simulation

Utilizing simulation approach, this paper examines if the income distribution inequality of a country expands through globalization and/or innovation, somewhat modifying the traditional Heckscher–Ohlin model. First, independently of innovation, the globalization is examined for a country A with two industries (commodities) and four consumers: the (aggregate) worker, the (aggregate) capitalist, ...