Income Distribution, Technical Change and the Dynamics of International Economic Integration
Income Distribution, Technical Change and the Dynamics of International Economic Integration

Author: Michael A. Landesmann

Publisher:

Published: 2007

Total Pages: 0

ISBN-13:

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This paper explores the features of a dynamic multisectoral model that focuses on the relationship between income distribution, growth and international specialization. The model is explored both for the steady-state properties and the transitory dynamics of integrated economies. Income inequality affects the patterns of growth and international specialization as the model uses non-linear Engel curves and hence different income groups are characterized by different expenditure patterns. At the same time income distribution is also reflected in the relative wage rates of skilled to unskilled workers, i.e. the skill premium, and hence the wage structure affects comparative costs of industries which have different skill intensities. The model is applied to a situation that analyses qualitatively different economic development strategies of catching-up economies (a 'Latin American' scenario and a 'East Asian' scenario).

Inequality Beyond Globalization
Inequality Beyond Globalization

Author: Christian Suter

Publisher: LIT Verlag Münster

Published: 2010

Total Pages: 399

ISBN-13: 364380072X

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This volume debates the complex nature of the relationships between globalization, social and economic transformations and growing inequalities. Employing a global, world-historical and comparative perspective, the 16 articles brought together in this volume deal with three central questions: Firstly, the question of the spatio-temporal evolution and variations of growing inequalities, secondly, the relative importance of globalization as compared to other factors explaining growing inequalities and, thirdly, institutional variations of inequality dynamics and globalization impacts. Christian Suter is Professor of Economic Sociology at the University of NeuchÃ?Â[tel and President of the World Society Foundation, domiciled at the University of Zurich, Switzerland.

The Evolution of World Income Inequality
The Evolution of World Income Inequality

Author: Andrés Solimano

Publisher: Santiago, Chile : [United Nations], ECLAC

Published: 2001

Total Pages: 48

ISBN-13:

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In the last two centuries, the world has seen an unprecedented increase in the capacity to create material wealth and undergo technical change. At the same time, this is also a period of large disparities in income per head, living standards across and within countries and regions of the world. Large inequalities can eventually undermine global integration and social stability thus hampering long run growth prospects and the legitimacy of globalization. Policies to reduce global inequalities have to focus on raising growth rates of poorer countries, improving income distribution at the national level and facilitate some global redistribution to low-income nations.

Inequality and Economic Integration
Inequality and Economic Integration

Author: Francesco Farina

Publisher: Psychology Press

Published: 2006

Total Pages: 335

ISBN-13: 9780415342117

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Internationally, globalization and increased economic integration has impacted quality of life and individual well-being. Attempts to evaluate the impact on income dispersion from this process have been extremely controversial. This key volume is the first real attempt to build up indices and a theoretical framework in order to deal with inequality of opportunity, and to enable social and political institutions to monitor increasing disparities in well-being and social exclusion. It thoroughly examines the possible relationships between the recent acceleration in economic integration and inequality among persons and countries and will enable social and political institutions to monitor increasing disparities in well-being and social exclusion. The contributions to this volume cover various subfields of economics, and examine both the negative and positive spillover effects of economic integration on individuals, social groups and nations. Since the impact of globalization on the most deprived people is multidimensional in nature, the theoretical framework is extended to a multivariate context where several individual characteristics are simultaneously considered. This original volume covers many important topics and features an impressive array of respected contributors. As such, it is sure to be an invaluable resource for postgraduates and professionals in the fields of political economy and economics.

Rising Income Inequality
Rising Income Inequality

Author: Chris Papageorgiou

Publisher: International Monetary Fund

Published: 2008-07

Total Pages: 42

ISBN-13:

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We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction in inequality, financial globalization-and foreign direct investment in particular-is associated with an increase. A key finding is that both globalization and technological changes increase the returns on human capital, underscoring the importance of education and training in both developed and developing countries in addressing rising inequality.

Growth Divergences
Growth Divergences

Author: Jose Antonio Ocampo

Publisher: Zed Books

Published: 2007

Total Pages: 388

ISBN-13:

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Unlike the 1950s and 1960s, when the rising tide of economic growth lifted most economies, the last three decades have been characterized by a paradox of greater international economic integration as well as divergent economic growth performances. The growing North-South gap of the last two centuries has been moderated recently by the better economic performance of China, India and others in East Asia, implying the expansion of the 'middle income' category. This volume of analytical studies seeks to explain these major differences in economic performance in recent decades by considering the dynamics of international economic growth, diverging growth rates, economic structures, and sources of demand, successes and collapses in the developing world, and recent episodes of real income stagnation of countries. Several chapters critically review recent misleading claims and the conventional wisdom regarding the relationship of trade liberalization, financial development, development, aid, infrastructure spending, violent conflict, good governance, and industrial policy to economic growth.

Global Trends 2040
Global Trends 2040

Author: National Intelligence Council

Publisher: Cosimo Reports

Published: 2021-03

Total Pages: 158

ISBN-13: 9781646794973

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"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.