Globalization and social justice in OECD countries

Björn Kauder and Niklas Potrafke

Review of World Economics (Weltwirtschaftliches Archiv), 2015, vol. 151, issue 2, 353-376

Abstract: Social justice is a topic of importance to social scientists and also political decision makers. We examine the relationship between globalization and social justice as measured by a new indicator for 31 OECD countries. The results show that countries that experienced rapid globalization enjoy social justice. When the KOF index of globalization increases by one standard deviation, the social justice indicator increases by about 0.4 points (on a scale from 1 to 10). The policy implication is that permitting a national economy to become globally integrated is consistent with and promotes social justice. Copyright Kiel Institute 2015

Keywords: Globalization; Social justice; Economic integration; D63; F61 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s10290-015-0213-1

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