Globalisation, Growth and Inequality from an Emerging Economy Perspective

13 Pages Posted: 13 Feb 2019

Date Written: December 21, 2018

Abstract

As a complex phenomenon, globalisation needs to be analysed on several levels. We discuss three related issues from the perspective of Latin American economies: the relationship between globalisation and growth performance; the possible trade-offs between integration and inequality, and the roles played by trade and technology; and how technological change may alter work relationships as we know them. Globalisation is a positive overall force for growth, but its interaction with domestic policies is crucial in determining the actual outcome. Technological innovation can have a positive effect on employment, but there is evidence of adverse distributional consequences. The outcome remains largely open, depending on the policy response.

Full Publication: Globalisation and Deglobalisation

Keywords: economic growth, globalisation, income distribution, technological change

JEL Classification: O40, O33, D30

Suggested Citation

, Central Bank of Argentina, Globalisation, Growth and Inequality from an Emerging Economy Perspective (December 21, 2018). BIS Paper No. 100c, Available at SSRN: https://ssrn.com/abstract=3331922

Central Bank of Argentina (Contact Author)

Central Bank of Argentina

Reconquista 266
Edificio Central, piso 7
Buenos Aires, 1003
United States

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