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Global inequality and international trade

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  • Ajit K. Ghose

Abstract

The paper analyses the effect of widespread trade liberalisation on global income inequality. The analysis of the trend in global inequality during 1981--97, presented in the first part of the paper, shows that the apparent growth of income inequality among countries conceals a process of convergence. Some developing countries achieved significantly faster economic growth than the advanced industrialised countries and, though small in number, they actually account for a majority of the population of the developing world. Thus international inequality (i.e., the inequality of distribution of per capita incomes among the world's population) in fact declined even though the inter-country income inequality increased. The analysis in the second part of the paper shows (i) that while improved trade performance did have a stimulating effect on growth performance of countries, trade liberalisation had extremely varied effects on trade performance across countries, and (ii) that the distribution of benefits and costs of trade liberalisation across countries has been such as to reduce international inequality without affecting inter-country inequality. Copyright 2004, Oxford University Press.

Suggested Citation

  • Ajit K. Ghose, 2004. "Global inequality and international trade," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(2), pages 229-252, March.
  • Handle: RePEc:oup:cambje:v:28:y:2004:i:2:p:229-252
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    Cited by:

    1. Elisabeth Christen & Klaus S. Friesenbichler & Alexander Hudetz & Claudia Kettner-Marx & Ina Meyer & Franz Sinabell, 2021. "Außenhandel und nachhaltige Entwicklung in Österreich. Befunde auf der Grundlage von vorliegenden Quellen," WIFO Studies, WIFO, number 69290.
    2. Devasmita Jena & Alokesh Barua, "undated". "Does Trade, Structural Transformation and Income Convergence: Empirical Evidence from the EU and the ASEAN," Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers 18-04, Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India.
    3. Kalim SIDDIQUI, 2016. "The Political Economy of Free Trade, WTO and the Developing Countries," Turkish Economic Review, KSP Journals, vol. 3(1), pages 103-121, March.
    4. Rūta Banelienė & Borisas Melnikas, 2020. "Economic Growth and Investment in R&D: Contemporary Challenges for the European Union," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 14(1), March.
    5. Kadigi, Reuben M.J. & Robinson, Elizabeth & Szabo, Sylvia & Kangile, Joseph & Mgeni, Charles P. & De Maria, Marcello & Tsusaka, Takuji & Nhau, Brighton, 2022. "Revisiting the Solow-Swan model of income convergence in the context of coffee producing and re-exporting countries in the world," LSE Research Online Documents on Economics 115636, London School of Economics and Political Science, LSE Library.
    6. Malul Miki & Mansury Yuri & Hara Tad & Saltzman Sidney, 2008. "An Economic Development Road Map for Promoting Israeli-Palestinian Cooperation," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 14(1), pages 1-22, April.
    7. Goulias, Konstadinos G. & Golob, Thomas F. & Yoon, Seo Youn, 2008. "A Statewide Optimal Resource Allocation Tool Using Geographic Information Systems, Spatial Analysis, and Regression Methods," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt2gt23996, Institute of Transportation Studies, UC Berkeley.
    8. Talberth, John & Bohara, Alok K., 2006. "Economic openness and green GDP," Ecological Economics, Elsevier, vol. 58(4), pages 743-758, July.
    9. Luciano Ciravegna & Snejina Michailova, 2022. "Why the world economy needs, but will not get, more globalization in the post-COVID-19 decade," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(1), pages 172-186, February.

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