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The Unintended Consequences of Globalization and Technological Progress

In: International Macroeconomics in the Wake of the Global Financial Crisis

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  • Riccardo Cristadoro

    (Bank of Italy, Directorate General for Economics, Statistics and Research, International Relations and Economics Directorate)

Abstract

This chapter reviews the current debate on inequality with a focus on the main global trends and their likely causes. Notwithstanding significant progress, data challenges still limit the degree of confidence one should have on the evidence concerning the evolution of inequality between and, especially, within countries. Finding common causes for the heterogeneous experiences across countries might be unfounded, however it is important to focus on the two main overarching explanations proposed in the literature for the recent evolution of inequality, technology and trade. These two elements are surely and everywhere important drivers of inequality, although their interaction with each country’s institutions and policies is an equally relevant factor.

Suggested Citation

  • Riccardo Cristadoro, 2018. "The Unintended Consequences of Globalization and Technological Progress," Financial and Monetary Policy Studies, in: Laurent Ferrara & Ignacio Hernando & Daniela Marconi (ed.), International Macroeconomics in the Wake of the Global Financial Crisis, pages 73-96, Springer.
    • Handle: RePEc:spr:fimchp:978-3-319-79075-6_5
    DOI: 10.1007/978-3-319-79075-6_5
    as

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