Globalizing Inequality: â€˜Centrifugalâ€™ and â€˜Centripetalâ€™ Forces at Work
José Gabriel Palma ()
Working Papers from eSocialSciences
Th is paper reassesses national income inequalities in this era of globalization. Th e main conclusion is that two opposite forces are at work: one â€˜centrifugalâ€™ at the two extremes of the distribution increasing the disparity of income shares appropriated by the top and by the bottom four deciles across countries; and the other â€˜centripetalâ€™ in the middle increasing the uniformity of the share of income going to deciles 5 to 9. Therefore, globalization is creating a situation where virtually all the intercountry diversity of income distribution is the result of differences in what the rich and the poor get in each country.
Keywords: inequality; economic reform; poverty; globalization; incentives (search for similar items in EconPapers)
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