Summary of Globalization and Income Inequality Revisited

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Globalization and Income Inequality Revisited summary
Start getting smarter:
or see our plans

Rating

7 Overall

8 Importance

8 Innovation

6 Style


Recommendation

The connection between globalization and income inequality has ignited populist furor around the world, as attested by the Brexit vote in the United Kingdom and the election of Donald Trump as US president. In this rigorous report, economists Florian Dorn, Clemens Fuest and Niklas Potrafke present their findings on how globalization works within countries to affect incomes. Their paper adds new knowledge to the growing body of economic inquiry into this important topic. getAbstract suggests this probing and technical analysis to professionals and policy experts.

In this summary, you will learn

  • How globalization affects income inequality and
  • What factors characterize the links between the two.
 

About the Authors

Florian DornClemens Fuest and Niklas Potrafke are economists at the ifo Institute at the University of Munich.

 

Summary

Economists, policy makers and commentators continue to engage in intense debate about the merits of globalization, a controversy that began with studies conducted in the 1990s. On the one hand, globalization has facilitated income growth and convergence among countries. But at the same time, it has widened perceived inequality within nations and fomented populist rage in several Western countries. Many individuals in the advanced economies have lost jobs and are frustrated about their prospects.


More on this topic

By the same authors

How to Handle the Crisis in Greece?
How to Handle the Crisis in Greece?
7

Customers who read this summary also read

Global income inequality is declining – largely thanks to China and India
Global income inequality is declining – largely thanks to China and India
8
Is Global Equality the Enemy of National Equality?
Is Global Equality the Enemy of National Equality?
8
The Great Leveler
The Great Leveler
8
Transatlantic Divergences in Globalisation and the China Factor
Transatlantic Divergences in Globalisation and the China Factor
8
The Global Competitiveness Report 2017–2018
The Global Competitiveness Report 2017–2018
8
World Economic Outlook April 2017
World Economic Outlook April 2017
7

Related Channels

Comment on this summary