Globalizing Inequality: ‘Centrifugal’ and ‘Centripetal’ Forces at Work
José Gabriel Palma ()
Working Papers from United Nations, Department of Economics and Social Affairs
This paper reassesses national income inequalities in this era of globalization. The main conclusion is that two opposite forces are at work: one ‘centrifugal’ 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 ‘centripetal’ 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: economic development; structural change; comparative studies; development policy (search for similar items in EconPapers)
JEL-codes: D63 F J3 O1 (search for similar items in EconPapers)
Pages: 26 pages
New Economics Papers: this item is included in nep-dev
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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:35
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