Valentin Lang, Marina Mendes Tavares, (2018), “How income gains from globalisation are distributed”, 27 Απριλίου
On few economic developments of the recent decades are the sentiments so diverse as they are on globalisation. Some credit globalisation with boosting economic well-being and reducing poverty. Others blame it for leading to appallingly high levels of inequality, benefitting a few, while leaving many behind. These recent trends have supported the political backlash against globalisation (Rodrik 2017). The future of globalisation, it currently seems, depends to a significant extent on the question of how the gains from it are distributed.
Recent research has provided an enormous wealth of fine-grained data on income gains over the past decades, a period in which many countries reached unprecedented levels of integration in the global economy. We now know that middle classes in emerging economies like China are among the big winners of this era, while lower classes in many advanced economies have not seen substantial gains (Milanovic 2016). At the same time, top incomes in many countries have risen dramatically and high levels of inequality are widespread (Alvaredo et al. 2017, Piketty 2014). These trends are well documented (World Bank 2016). But are they direct results of globalisation?
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- Tingyun Chen, Jean-Jacques Hallaert, Alexander Pitt, Haonan Qu, Maximilien Queyranne, Alaina Rhee,Anna Shabunina,Jérôme Vandenbussche,Irene Yackovlev, (2018), «Inequality and Poverty across Generations in the European Union», IMF, 24 Ιανουαρίου
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