Globalisation, Growth and Inequality from an Emerging Economy Perspective
13 Pages Posted: 13 Feb 2019
Date Written: December 21, 2018
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: Suggested Citation