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Globalisation, growth and inequality from an emerging economy perspective

Central Bank of Argentina

A chapter in Globalisation and deglobalisation, 2018, vol. 100, pp 57-69 from Bank for International Settlements

Abstract: As a complex phenomenon, globalisation needs to be analysed on several levels. We discuss three related issues from the perspective of Latin American economies: the relationship between globalisation and growth performance; the possible trade-offs between integration and inequality, and the roles played by trade and technology; and how technological change may alter work relationships as we know them. Globalisation is a positive overall force for growth, but its interaction with domestic policies is crucial in determining the actual outcome. Technological innovation can have a positive effect on employment, but there is evidence of adverse distributional consequences. The outcome remains largely open, depending on the policy response.

Date: 2018
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Handle: RePEc:bis:bisbpc:100-03