Has Globalization Increased Inequality?
Citation
Dreher, Alex and Gaston, Noel. 2008. Has Globalization Increased Inequality? Review of International Economics. 16 (3): pp. 516-536.
Source Title
Review of International Economics
ISSN
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Abstract
There is no shortage of theories that purport to explain why globalization may have adverse, insignificant, or even beneficial effects on income and earnings inequality. Surprisingly, the empirical realities remain an almost complete mystery. In this paper, we use data on industrial wage inequality, household income inequality as well as measures of the economic, social and political dimensions of globalization to examine this controversial issue. Overall, while we find that globalization has exacerbated inequality; this is particularly true in the case of income inequality in OECD countries.
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