Rising Income Inequality: Technology, or Trade and Financial Globalization?
We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited overall impact of globalization reflects two offsetting tenden...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
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Schriftenreihe: | IMF Working Papers
Working Paper No. 08/185 |
Schlagworte: | |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction in inequality, financial globalization-and foreign direct investment in particular-is associated with an increase. A key finding is that both globalization and technological changes increase the returns on human capital, underscoring the importance of education and training in both developed and developing countries in addressing rising inequality |
Beschreibung: | Includes bibliographical references |
Beschreibung: | 1 Online-Ressource (36 p) |
ISBN: | 1451870434 9781451870435 |
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record_format | marc |
series2 | IMF Working Papers |
spelling | Papageorgiou, Chris Verfasser aut Rising Income Inequality Technology, or Trade and Financial Globalization? Papageorgiou, Chris Washington, D.C International Monetary Fund 2008 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/185 Includes bibliographical references We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction in inequality, financial globalization-and foreign direct investment in particular-is associated with an increase. A key finding is that both globalization and technological changes increase the returns on human capital, underscoring the importance of education and training in both developed and developing countries in addressing rising inequality Online-Ausg Globalization Econometric models Income distribution Econometric models International finance Econometric models International trade Econometric models Technological innovations Econometric models Electronic books Jaumotte, Florence Sonstige oth Lall, Subir Sonstige oth http://elibrary.imf.org/view/IMF001/09462-9781451870435/09462-9781451870435/09462-9781451870435.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Papageorgiou, Chris Rising Income Inequality Technology, or Trade and Financial Globalization? Globalization Econometric models Income distribution Econometric models International finance Econometric models International trade Econometric models Technological innovations Econometric models |
title | Rising Income Inequality Technology, or Trade and Financial Globalization? |
title_auth | Rising Income Inequality Technology, or Trade and Financial Globalization? |
title_exact_search | Rising Income Inequality Technology, or Trade and Financial Globalization? |
title_exact_search_txtP | Rising Income Inequality Technology, or Trade and Financial Globalization? |
title_full | Rising Income Inequality Technology, or Trade and Financial Globalization? Papageorgiou, Chris |
title_fullStr | Rising Income Inequality Technology, or Trade and Financial Globalization? Papageorgiou, Chris |
title_full_unstemmed | Rising Income Inequality Technology, or Trade and Financial Globalization? Papageorgiou, Chris |
title_short | Rising Income Inequality |
title_sort | rising income inequality technology or trade and financial globalization |
title_sub | Technology, or Trade and Financial Globalization? |
topic | Globalization Econometric models Income distribution Econometric models International finance Econometric models International trade Econometric models Technological innovations Econometric models |
topic_facet | Globalization Econometric models Income distribution Econometric models International finance Econometric models International trade Econometric models Technological innovations Econometric models |
url | http://elibrary.imf.org/view/IMF001/09462-9781451870435/09462-9781451870435/09462-9781451870435.xml |
work_keys_str_mv | AT papageorgiouchris risingincomeinequalitytechnologyortradeandfinancialglobalization AT jaumotteflorence risingincomeinequalitytechnologyortradeandfinancialglobalization AT lallsubir risingincomeinequalitytechnologyortradeandfinancialglobalization |