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Abstract

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SDG10 – Reduce Inequality Within and Among Countries
Type: Book
ISBN: 978-1-78769-981-6

Book part
Publication date: 27 August 2016

James K. Galbraith, Jaehee Choi, Béatrice Halbach, Aleksandra Malinowska and Wenjie Zhang

We present a comparison of coverage and values for five inequality data sets that have worldwide or major international coverage and independent measurements that are intended to…

Abstract

We present a comparison of coverage and values for five inequality data sets that have worldwide or major international coverage and independent measurements that are intended to present consistent coefficients that can be compared directly across countries and time. The comparison data sets are those published by the Luxembourg Income Studies (LIS), the OECD, the European Union’s Statistics on Incomes and Living Conditions (EU-SILC), and the World Bank’s World Development Indicators (WDI). The baseline comparison is with our own Estimated Household Income Inequality (EHII) data set of the University of Texas Inequality Project. The comparison shows the historical depth and range of EHII and its broad compatibility with LIS, OECD, and EU-SILC, as well as problems with using the WDI for any cross-country comparative purpose. The comparison excludes the large World Incomes Inequality Database (WIID) of UNU-WIDER and the Standardized World Income Inequality Database (SWIID) of Frederick Solt; the former is a bibliographic collection and the latter is based on imputations drawn, in part, from EHII and the other sources used here.

Details

Income Inequality Around the World
Type: Book
ISBN: 978-1-78560-943-5

Keywords

Book part
Publication date: 25 January 2023

Petra Sauer, Narasimha D. Rao and Shonali Pachauri

In large parts of the world, income inequality has been rising in recent decades. Other regions have experienced declining trends in income inequality. This raises the question of…

Abstract

In large parts of the world, income inequality has been rising in recent decades. Other regions have experienced declining trends in income inequality. This raises the question of which mechanisms underlie contrasting observed trends in income inequality around the globe. To address this research question in an empirical analysis at the aggregate level, we examine a global sample of 73 countries between 1981 and 2010, studying a broad set of drivers to investigate their interaction and influence on income inequality. Within this broad approach, we are interested in the heterogeneity of income inequality determinants across world regions and along the income distribution. Our findings indicate the existence of a small set of systematic drivers across the global sample of countries. Declining labour income shares and increasing imports from high-income countries significantly contribute to increasing income inequality, while taxation and imports from low-income countries exert countervailing effects. Our study reveals the region-specific impacts of technological change, financial globalisation, domestic financial deepening and public social spending. Most importantly, we do not find systematic evidence of education’s equalising effect across high- and low-income countries. Our results are largely robust to changing the underlying sources of income Ginis, but looking at different segments of income distribution reveals heterogeneous effects.

Details

Mobility and Inequality Trends
Type: Book
ISBN: 978-1-80382-901-2

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Abstract

Details

International Trade and Inclusive Economic Growth
Type: Book
ISBN: 978-1-83753-471-5

Book part
Publication date: 17 June 2020

Sarah Giroux, Parfait Eloundou-Enyegue, John W. Sipple and Michel Tenikue

Does education still serve as a great equalizer today? Does today’s worldwide expansion of schooling foster a global economic convergence? These questions need fresh answers at…

Abstract

Does education still serve as a great equalizer today? Does today’s worldwide expansion of schooling foster a global economic convergence? These questions need fresh answers at this time of growing concern over inequality. Past studies have abundantly documented the effects of schooling on within-country inequality, but we know little about corresponding effects on between-country inequality. We fill this gap by drawing on two innovations. The first is to formulate a theory of global inequality that integrates international differences in both the quantity and quality of education. The second, methodological, innovation is to propose and apply a method for decomposing trends in global inequality in GDP in terms of five social forces that include the quantity and quality of schooling. Analyses focus on the 1990–2010 period. The results confirm the continued salience of education: Trends in education account for as much as 80% of the 1990–2010 decline in between-country GDP inequality. However, we find a declining significance of “quantity” over “quality.” In sum, education remains salient as a global equalizer but its salience increasingly depends on bridging international differences in school quality.

Details

Annual Review of Comparative and International Education 2019
Type: Book
ISBN: 978-1-83867-724-4

Keywords

Article
Publication date: 14 June 2011

Michel Dumont, Nikolina Stojanovska and Ludo Cuyvers

The paper aims to assess to what extent the general trends with regard to world inequality can be explained by rising international economic integration, technological change and…

7237

Abstract

Purpose

The paper aims to assess to what extent the general trends with regard to world inequality can be explained by rising international economic integration, technological change and (labour market) institutions.

Design/methodology/approach

Based on the existing literature, the stylized facts on inequality between and within nations, globalisation and technological change are reviewed, after which the empirical evidence of the impact of international trade and poverty in developing countries is discussed.

Findings

The paper argues that despite substantial theoretical and empirical contributions, so far no straightforward conclusions are warranted. However, historical evidence suggests that, from a policy perspective, the rise in inequality – witnessed in a large number of developing as well as developed countries – ought to be acknowledged and tackled to avoid a possible backlash against globalisation. The inconclusiveness that empirical work on inequality and its determinants offers, might be explained by substantial differences across countries in their institutional framework.

Originality/value

The importance of interactions between institutions, technology and globalisation and their impact on world inequality is still not very well understood. The paper is an appeal for investigating more these interactions.

Details

International Journal of Manpower, vol. 32 no. 3
Type: Research Article
ISSN: 0143-7720

Keywords

Book part
Publication date: 25 May 2022

Asim K. Karmakar and Sebak K. Jana

The catch word “Globalization” has been defended by advocates for lifting people out of poverty and the inequality in the world. But it has been criticized by opponents for…

Abstract

The catch word “Globalization” has been defended by advocates for lifting people out of poverty and the inequality in the world. But it has been criticized by opponents for failing to solve the problem of poverty, inequality, and for increasingly creating wealth disparity. This raises the question. The fact is that the contemporary world exhibits very high levels of inequality of income and wealth both between countries and within countries. Wealth inequality is more pronounced than that of income inequality across the globe and within-countries. Evidence suggests that rising inequality and wealth disparity arising out of globalization drive is choking off the potential benefits to the poor. In this backdrop, a composite assessment has been made in the present chapter to answer the question “whether globalization with its particular ideology, the market fundamentalism has benefited many and whether the performance on the distributional front has really been impressive.” From facts and evidence, the study finds that inequalities in income and wealth, also in wages have widened in many developed, developing developed, and developing countries. Technological change and globalization are their main sources.

Details

Globalization, Income Distribution and Sustainable Development
Type: Book
ISBN: 978-1-80117-870-9

Keywords

Open Access
Article
Publication date: 19 August 2022

Yogeeswari Subramaniam, Tajul Ariffin Masron and Nanthakumar Loganathan

Tourism has grown to be one of the world's largest and fastest-growing economic industries. Tourism development is viewed as a tool to improve income distribution as it allows…

9591

Abstract

Purpose

Tourism has grown to be one of the world's largest and fastest-growing economic industries. Tourism development is viewed as a tool to improve income distribution as it allows people at the bottom of the pyramid to get involved in the industry. This study aims to examine the impact of tourism on income inequality in the top income equality countries.

Design/methodology/approach

The paper employs fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares techniques to investigate the dynamic impact of tourism on income inequality in the world's most income equality countries, from 2001 to 2016.

Findings

The result shows that tourism is one of the major drivers of income equality. Thus, tourism can be used to reduce a country's income disparity.

Practical implications

As a result, policymakers should support the tourism industry to reduce income disparity and enhance income distribution.

Originality/value

Given the conflicting findings in the literature, this study reexamines this link and attempts to backwardly assess if the top equal-income countries in the world are heavily dependent on tourism.

Details

Journal of Business and Socio-economic Development, vol. 2 no. 2
Type: Research Article
ISSN: 2635-1374

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Abstract

Details

Responsible Investment Around the World: Finance after the Great Reset
Type: Book
ISBN: 978-1-80382-851-0

Article
Publication date: 8 May 2007

Martyna Śliwa

The purpose of this paper is to contribute to the debate on the consequences of globalization, in particular the increasing disparity between the wealth of nations and individuals…

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Abstract

Purpose

The purpose of this paper is to contribute to the debate on the consequences of globalization, in particular the increasing disparity between the wealth of nations and individuals in society. It discusses mechanisms which lead to perpetuation and reinforcement of the situation in which, despite being characterized by inequalities and fragmentation, societies remain by and large cohesive and stable.

Design/methodology/approach

This article engages with the so‐called “Polanyi problem” and with Polanyi's and other authors’ responses to it. In the discussion, the analytical approach is adopted by reference to Aldous Huxley's Brave New World, in particular his concept of soma.

Findings

Using the metaphor of soma, developed into four interrelated dimensions, illustrations of social and organizational processes, which ensure sustainability of, and cohesion within, a society based on inequality and fragmentation, are indicated. It is argued that the existence of stratified societies, and inequalities of wealth within and between them, is accompanied by phenomena which support and sustain them.

Practical implications

Drawing upon literary fiction can offer valuable insights into issues pertinent to contemporary academic debate.

Originality/value

Engagement with Huxley's work provides an alternative way of contributing to the globalization debate and, in particular, to the literature addressing the so‐called “Polanyi problem”.

Details

Critical perspectives on international business, vol. 3 no. 2
Type: Research Article
ISSN: 1742-2043

Keywords

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