Globalization, Inequality and Economic Policy

Research output: Contribution to journalResearch articleContributedpeer-review

Contributors

Abstract

In our paper a very simple model is used to analyze the relationship between trade globalization, inequality and economic policy. Although the local government exclusively maximizes the welfare of the marginalized (unemployed) people, the inequality of relative consumption between employed and unemployed will increase with intensified trade liberalization. In contrast to this result the relative income inequality may fall in certain situations.

Details

Original languageEnglish
Pages (from-to)3-11
JournalEconomics and Business Review
Volume5
Issue number1
Publication statusPublished - 2019
Peer-reviewedYes

External IDs

ORCID /0000-0002-5574-2576/work/142246382