Inequality in the Globalizing Asia

Abstract

This article investigates the impact of globalization on the inequality of Asia. It is the first attempt to examine 11 Asian countries’ panel data allowing nonlinearity between globalization and inequality from 1960 to 2003 with robustness check. We also survey the literature on growth, globalization, and inequality and reflect their endogenous relationships to our article. We found the significant turning point of globalization at which inequality starts decreasing as further globalization proceeds. It will offer us policy implications for the ongoing process of globalization in the Asian economies.

Keywords: globalization, inequality, Asia