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The evolution of world income inequality: assessing the impact of globalization

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  • Solimano, Andrés

Abstract

In the last two centuries (1800-2000) 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. Global inequalities reflect both inequalities across nations, driven mainly by divergences in economic performance (e.g. growth rates) across countries that cumulate over time and by national inequality that depend on factor prices, patterns of resource ownership and other factors. Policies to reduce global inequalities have to focus in raising growth rates of poorer countries, improve income distribution at national level and facilitate some global redistribution to low-income nations.

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  • Solimano, Andrés, 2001. "The evolution of world income inequality: assessing the impact of globalization," Macroeconomía del Desarrollo 5343, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col037:5343
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    Cited by:

    1. Heshmati, Almas, 2004. "A Review of Decomposition of Income Inequality," IZA Discussion Papers 1221, Institute of Labor Economics (IZA).
    2. Ng, Irene Y.H. & Shen, Xiaoyi & Ho, Kong Weng, 2009. "Intergenerational earnings mobility in Singapore and the United States," Journal of Asian Economics, Elsevier, vol. 20(2), pages 110-119, March.
    3. Gutiérrez, Mario A. & Solimano, Andrés, 2006. "Savings, investment and growth in the global age: analytical and policy issues," Macroeconomía del Desarrollo 5419, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Solimano, Andrés & Soto, Raimundo, 2005. "Economic growth in Latin America in the late 20th century: evidence and interpretation," Macroeconomía del Desarrollo 5398, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. Solimano, Andrés, 2006. "Asset accumulation by the middle class and the poor in Latin America: political economy and governance dimensions," Macroeconomía del Desarrollo 5422, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    6. Solimano, Andrés, 2006. "The international mobility of talent and its impact on global development: an overview," Macroeconomía del Desarrollo 5418, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    7. Solimano, Andrés, 2004. "Political violence and economic development in Latin America: issues and evidence," Macroeconomía del Desarrollo 5395, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Heshmati, Almas, 2004. "The World Distribution of Income and Income Inequality," IZA Discussion Papers 1267, Institute of Labor Economics (IZA).
    9. Almas Heshmati, 2003. "Measurement of a Multidimentional Index of Globalization and its Impact on Income Inequality," WIDER Working Paper Series DP2003-69, World Institute for Development Economic Research (UNU-WIDER).
    10. Watts, Nathalie & Solimano, Andrés, 2005. "International migration, capital flows and the global economy: a long run view," Macroeconomía del Desarrollo 5400, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    11. Heshmati, Almas, 2004. "The Relationship between Income Inequality, Poverty and Globalisation," IZA Discussion Papers 1277, Institute of Labor Economics (IZA).
    12. Heshmati, Almas, 2004. "Growth, Inequality and Poverty Relationships," IZA Discussion Papers 1338, Institute of Labor Economics (IZA).

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