a column by Valentin Lang and Marina Mendes Tavares for VOX: CEPR’s Policy Portal
Globalisation stirs a diverse range of sentiments and views: some credit globalisation for boosting economic well-being while others blame it for worsening inequality. This column examines the effect of globalisation on income among and within countries, and shows that globalisation is associated with income convergence across countries and income divergence within countries. Targeted redistributive policies and investments in education are needed to ensure that the benefits of globalisation are enjoyed by all.
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I have not studied this piece but from what I have seen it looks like another way of showing us that the rich get richer at the expense of the poor.
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