Globalizzazione ed equit? distributiva: il ruolo del mercato e delle scelte politiche

Franco Reviglio

ECONOMIA PUBBLICA, 2008, vol. 2008/3-4, issue 3-4, 5-22

Abstract: Globalizzazione ed equit? distributiva: il ruolo del mercato e delle scelte politiche - Is globalisation the main determinant of the world?s increasing inequity? Globalisation raises world welfare through increases in trade pushing economic growth and reducing poverty, but it worsens income discrepancies between skilled and unskilled workers in developed countries and between industrial workers and peasants in developing countries. Moreover, it does not benefit the poor living in countries that stay outside of the positive impact of globalisation on economic growth. As shown by the economic literature, the market is not responsible for income inequities, because it is neutral from the distributive side. The answer to the challenging equity issue is not protectionism built on barriers to trade and to the liberalisation process, but the adoption of political choices aimed at correcting income inequities both in developed and developing countries. JEL A1, D3, E6, F0, O1

Date: 2008
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