Globalization and Income Inequality: Comparative Analysis of 83 Countries

: The effect of globalization on income inequality is an issue of significant academic interest. On the one hand, globalization is considered to promote global economic growth and social progress, while on the other, it is blamed for growing income inequality and environmental degradation, causing social degeneration and difficulty of competition. This paper aims to examine the impact of globalization on the inequality in rich/ middle/ poor economies. This study uses the least square method to establish a multiple linear regression model, adding dummy variables. The results show that globalization indeed has varied impacts on the current level of inequality around the world. The growth in the current globalization level will reduce the inequality degree in rich/middle countries but rise the inequality degree in poor countries. We also find that there exists an uneven impact of globalization on the inequality of rich countries and middle poor countries. For middle/poor countries, this impact is even stronger.

• Publication year

  2022

• Venue

  Proceedings of the International Conference on Big Data Economy and Digital Management

• Publication date

  Unknown publication date

• Fields of study

  Not labeled

• Identifiers
  DOI 10.5220/0011186400003440
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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