Eddy Lee () (ILO, Geneva) Marco Vivarelli () (Catholic University of Piacenza, Max Planck Institute of Economics, Jena, CSGR, University of Warwick and IZA Bonn)
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In this paper an ex-post measurable definition of globalization has been used, namely increasing trade openness and FDI. A general result is that the optimistic Heckscher- Ohlin/Stolper-Samuelson predictions do not apply, that is neither employment creation nor the decrease in within-country inequality are automatically assured by increasing trade and FDI. The other main findings of the paper are that: 1) the employment effect can be very diverse in different areas of the world, giving raise to concentration and marginalisation phenomena; 2) increasing trade and FDI do not emerge as the main culprits of increasing within-country income inequality in DCs, although some evidence emerges that import of capital goods may imply an increase in inequality via skill-biased technological change; 3)increasing trade seems to foster economic growth and absolute poverty alleviation, although some important counter-examples emerge.
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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number
1925.
Find related papers by JEL classification: F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General O1 - Economic Development, Technological Change, and Growth - - Economic Development
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