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Diversity, Globalisation and Market Stability

Author

Listed:
  • Laurence Lasselle

    (University of Saint Andrews)

  • Serge Svizzero

    (CERESUR - Centre d'Etudes et de Recherches Economique et Sociales de l'Université de La Réunion - UR - Université de La Réunion)

  • Clement Allan Tisdell

    (UQ [All campuses : Brisbane, Dutton Park Gatton, Herston, St Lucia and other locations] - The University of Queensland)

Abstract

Income inequality has increased sharply in higher income countries. Theories attributing this to bifurcation of labor markets are examined. Some theorists attribute this bifurcation primarily to technical change with influence from globalization. Others take an opposite viewpoint. A contrasting view presented here is that globalization is strongly linked with technological change more significantly even if globalization increases economic efficiency and growth in high-income countries, it can raise income inequality and reduce social welfare. International fiscal competitiveness may, it is argued, contribute to income inequality and make all nations worse off. Trends in public social expenditure and in taxation receipts in higher income countries, including Singapore, are examined to determine the empirical support for the theory.

Suggested Citation

  • Laurence Lasselle & Serge Svizzero & Clement Allan Tisdell, 2001. "Diversity, Globalisation and Market Stability," Post-Print hal-02166638, HAL.
    • Handle: RePEc:hal:journl:hal-02166638
    Note: View the original document on HAL open archive server: https://hal.univ-reunion.fr/hal-02166638
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    File URL: https://hal.univ-reunion.fr/hal-02166638/document
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    Citations

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    Cited by:

    1. Laurence Lasselle & Serge Svizzero & Clement Allan Tisdell, 2002. "Heterogeneous Beliefs and Instability Heterogeneous Beliefs and Instability," Working Papers hal-02164340, HAL.
    2. ., 2013. "Market niches, competition and economic performance: more clues from ecology?," Chapters, in: Competition, Diversity and Economic Performance, chapter 8, pages 160-182, Edward Elgar Publishing.
    3. Laurence Lasselle & Serge Svizzero & Clem Tisdell, 2001. "Heterogeneous Beliefs and Instability," Discussion Paper Series, School of Economics and Finance 200111, School of Economics and Finance, University of St Andrews.
    4. Tisdell, Clem & Seidl, Irmi, 2004. "Niches and economic competition: implications for economic efficiency, growth and diversity," Structural Change and Economic Dynamics, Elsevier, vol. 15(2), pages 119-135, June.
    5. ., 2013. "Market impediments, restrained reactions and market dynamics," Chapters, in: Competition, Diversity and Economic Performance, chapter 9, pages 183-201, Edward Elgar Publishing.
    6. Clement A. Tisdell, 2018. "Diversity In Economic Decision-Making And Behaviour: A New Brief Review," Advances in Decision Sciences, Asia University, Taiwan, vol. 22(1), pages 351-368, December.

    More about this item

    Keywords

    Diversity; Globalisation; Heterogeneity of Behaviour; Instability;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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