Engaged Egalitarianism: Why the Australian Recovery Must Prioritise Openness
Andrew Leigh
Economic Papers, 2022, vol. 41, issue 2, 99-109
Abstract:
Australian living standards, relative to the rest of the world, have been highest in eras of economic openness. Openness can also increase equality. Tariffs tend to be regressive, so poor households benefit most from trade liberalisation. In the case of immigration, skilled permanent migrants tend to earn considerably more than the Australian‐born population, so any wage pressures are felt at the upper end of the distribution. Foreign investment can also have an equalising effect, by raising wages and lowering the rate of return on domestic capital. An approach of engaged egalitarianism – ensuring that the gains from globalisation are broadly shared – will benefit the most disadvantaged Australians.
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://doi.org/10.1111/1759-3441.12336
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bla:econpa:v:41:y:2022:i:2:p:99-109
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0812-0439
Access Statistics for this article
Economic Papers is currently edited by Professor Guay Lim
More articles in Economic Papers from The Economic Society of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery (contentdelivery@wiley.com).