Anti-inequality Policies and Globalization

Joel Hellier ()

Chapter Chapter 4 in Globalization and Inequality in Advanced Economies, 2023, pp 91-116 from Springer

Abstract: Abstract This chapter tackles the issue of governments’ policies facing growing inequalities within a globalized economy. Governments can firstly not intervene and let inequality rise. They can in contrast try to compensate the losers’ damages. If a partial compensation of the losers’ damages has been observed in most advanced countries, the implemented policies tend to generate (1) an inequality-unemployment trade-off, (2) a progressivity-redistribution trade-off and (3) a middle-class curse, a social-democracy curse and a rise of populism. In addition, the constraint on the funding of redistribution can lead governments to accept public deficits and to increase public debt. Finally, since globalization-driven inequality primarily hurts unskilled and middle-skilled workers, a longer-term solution to this problem consists in a general skill upgrading by expanding tertiary education. But globalization itself, and globalization-driven inequality in particular, can hamper the access to higher education.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:esichp:978-3-031-31256-4_4

Ordering information: This item can be ordered from
http://www.springer.com/9783031312564

DOI: 10.1007/978-3-031-31256-4_4

Access Statistics for this chapter

More chapters in Economic Studies in Inequality, Social Exclusion, and Well-Being from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().