GLOBALIZATION, INEQUALITY AND ECONOMIC POLICY
GLOBALIZATION, INEQUALITY AND ECONOMIC POLICY
Author(s): Udo Broll, Alexander Kemnitz, Vivekananda MukherjeeSubject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Summary/Abstract: In our paper a very simple model is used to analyze the relationship between trade globalization, inequality and economic policy. Although the local government exclusively maximizes the welfare of the marginalized (unemployed) people, the inequality of relative consumption between employed and unemployed will increase with intensified trade liberalization. In contrast to this result the relative income inequality may fall in certain situations.
Journal: Economics and Business Review
- Issue Year: 5/2019
- Issue No: 1
- Page Range: 3-11
- Page Count: 8
- Language: English