Bob Sutcliffe (2004), 'World Inequality and Globalization', Oxford Review of Economic Policy, 20 (1), March, 15 …), 'Does Globalization Make the World More Unequal?', and Lant Pritchett, 'Comment', in Michael D. Bordo, Alan M. Taylor and …-71, 271-75 -- Jeffrey G. Williamson (1997), 'Globalization and Inequality, Past and Present', World Bank Research Observer, 12 …

We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …

benchmark calibration, we estimate that the capital misallocation induced by these barriers reduces World GDP by 7%, compared to …-country inequality: the standard deviation of log capital per employee is 80% higher than it would be in a world without barriers to …

globalization trends where financial market development can more easily substitute for it. -- Financial Development ; Globalization …