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We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...
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Empirical evidence points to globalization to be favorable for the growth and development of a nation. For the … trade openness and globalization, nations share and gain access to knowledge and technology, inputs of lower costs, new … markets, and talents, which improve domestic economic processes. Over the years, however, skepticism about globalization …
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