THE IMPACT OF GLOBALIZATION ON INCOME DISTRIBUTION IN EMERGING ECONOMIES

Hina Shahzadi, Muhammad Nadim and Zain Ul Abidin
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Hina Shahzadi: Lecturer, Govt. Muhammad Nawaz Sharif Associate College, Sialkot, Pakistan
Muhammad Nadim: Assistant Professor, University of the Punjab, Jhelum Campus, Punjab, Pakistan
Zain Ul Abidin: PhD Scholar, Faisalabad Business School, National Textile University, Faisalabad, Pakistan

Bulletin of Business and Economics (BBE), 2023, vol. 12, issue 2, 67-73

Abstract: This study investigates the complex interplay between globalization and income disparities in developing nations. This research reveals complex dynamics by investigating the effects of trade openness, foreign direct investment (FDI) inflows, and technological connectivity on measures of income inequality, as well as the mediating function of economic growth and the moderating effects of institutional quality and labor market policies. Results show a strong impact of technological connection on income inequalities, ambiguous effects of FDI inflows, and a positive association between trade openness and disparity of income. The relationship between income inequality and globalization indices is partially mediated by economic growth. Additionally, the moderators institutional quality and labor market policies are revealed. In light of changing globalization, these observations have important policy ramifications for attaining more inclusive and equitable development routes.

Keywords: globalization; income inequality; foreign direct investment (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:12:y:2023:i:2:p:67-73

DOI: 10.61506/

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