Globalization and Economic Inequality between Developed and Developing Economies: A Comparative Study

Yaxuan Li ()
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Yaxuan Li: Shenzhen College of International Education

A chapter in Proceedings of the 2025 International Conference on Hybrid Commerce, Human Capital, and Economic Dynamics (ICHCH 2025), 2026, pp 870-877 from Springer

Abstract: Abstract Globalization has transformed the global trade, investment and technology flows in the world. Globalization has affected the economies of developed and developing countries in different kinds of ways. The study attempts to find out whether globalization has decreased or increased inequality between two groups: developed and developing countries. The study uses literature review, descriptive statistics and case studies for analysis of globalization effects on income distribution. USA is taken as a representative developed country and India, Vietnam, Mexico, Brazil and China as case study developing countries. The results reveal that globalization has reduced poverty and increased income in some developing countries around the world. However, globalization has increased income inequality in both developed and developing countries. The paper concludes that globalization impact on inequality is shaped by national policies, labor mobility and ability to move up in global value chains. The paper concludes with policy recommendations to make globalization more inclusive.

Keywords: Globalization; Inequality; Developing Economics (search for similar items in EconPapers)
Date: 2026
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DOI: 10.2991/978-2-38476-585-0_98

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