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Within developing and newly industrialized countries, rising wage inequality is both common and highly correlated with export growth. This is incompatible with the Stolper-Samuelson theorem, but suggestive of a role for technological catch-up. We develop this insight using a model that features...
Persistent link: https://www.econbiz.de/10013249349
Proponents of globalization often conclude that its critics are ignorant or self-motivated. In doing so, they have … missed a valuable opportunity to discover both how best to communicate the benefits of globalization, and how to improve on … the current model of globalization. This paper examines the values, beliefs and facts that lead critics to the view that …
Persistent link: https://www.econbiz.de/10013065371
's decade of globalization in the 1990's. I focus the analysis on men born in states with either high-exposure or low …-exposure to globalization, as measured by the share of foreign direct investment, imports, or export assembly in state GDP …
Persistent link: https://www.econbiz.de/10013065640
financial globalization makes it increasingly hard to measure wealth at the top. I discuss how new data sources (leaks from …
Persistent link: https://www.econbiz.de/10012894436
general results are then used to generate new insights about the consequences of globalization …
Persistent link: https://www.econbiz.de/10012757956
Does globalization widen inequality or increase income risk? In the specific factors continuum model of this paper …, globalization widens inequality, amplifying the positive (negative) premia for export (import- competing) sectors. Globalization …
Persistent link: https://www.econbiz.de/10012758013
The endogenous growth literature has explored the transition from a Malthusian world where real wages, living standards and labor productivity are all linked to factor endowments, to one where (endogenous) productivity change embedded in modern industrial growth breaks that link. Recently,...
Persistent link: https://www.econbiz.de/10012760115
In this paper, we provide a case study of the impact of globalization on income inequality using data across Chinese … demonstrate a greater decline in urban-rural income inequality. Thus, globalization has helped to reduce, rather than increase …
Persistent link: https://www.econbiz.de/10013219685
globalization has raised inequality between nations, but that it has had no clear effect on inequality within nations. This paper … argues that the likely impact of globalization on world inequality has been very different from what these simple … correlations suggest. Globalization probably mitigated rising inequality between participating nations. The nations that gained the …
Persistent link: https://www.econbiz.de/10013221931
Various arguments have been used to explain Sub-Saharan Africa's economic decline. We find that a stress on investments in education as a prerequisite for more rapid growth is misplaced; that greater openness is far from sufficient to insure economic progress; that income inequality and urban bias...
Persistent link: https://www.econbiz.de/10013222904