Globalization, inequality and economic policy

Broll Udo (), Alexander Kemnitz and Vivekananda Mukherjee
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Broll Udo: Department of Business and Economics, School of International Studies (ZIS), Technische Universität Dresden, 01062Dresden, Germany

Economics and Business Review, 2019, vol. 5, issue 1, 3-11

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.

Keywords: globalization; inequality; marginalization; economic policy; public policy (search for similar items in EconPapers)
JEL-codes: D30 F61 F68 H2 I30 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecobur:v:5:y:2019:i:1:p:3-11:n:1

DOI: 10.18559/ebr.2019.1.1

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