Advanced Search
MyIDEAS: Login to save this paper or follow this series

The long and short of it: Global liberalization, poverty and inequality

Contents:

Author Info

  • Weller, Christian E.
  • Hersh, Adam

Abstract

Global deregulation of current and capital account is often touted as successful means to reduce poverty and inequality. On the face of it, though, the evidence does not support this claim. Rising intra-country inequality is widespread, income inequality between countries grows, the absolute number of people living in poverty increases, and poverty rate reductions are geographically isolated. Critics of global deregulation have charged that more deregulated trade flows result in a worse income distribution and unregulated capital flows in more macro economic instabilities that are especially harmful to the poor. Using data from the World Bank, the IMF and the UN, we test the impact of increased deregulation on the incomes of the poor. Our results indicate that global deregulation of trade and capital markets does hurt the poor. We find that the income share of the poor is generally lower in deregulated and in macro economically less stable environments, which are more prone to occur after capital account liberalization. The evidence also suggests that trade flows in more regulated environments may be good for growth and, by extension, for the poor in the long-run. --

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://econstor.eu/bitstream/10419/39493/1/350415919.pdf
Download Restriction: no

Bibliographic Info

Paper provided by ZEI - Center for European Integration Studies, University of Bonn in its series ZEI Working Papers with number B 14-2002.

as in new window
Length:
Date of creation: 2002
Date of revision:
Handle: RePEc:zbw:zeiwps:b142002

Contact details of provider:
Postal: Walter-Flex-Stra├če 3, D - 53113 Bonn
Web page: http://www.zei.de/index_e.html
More information through EDIRC

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Gerald Epstein & Ilene Grabel, 2007. "Financial Policy," Publications, International Policy Centre for Inclusive Growth 3, International Policy Centre for Inclusive Growth.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:zbw:zeiwps:b142002. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.