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The Evidence on Globalisation

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  • Niklas Potrafke

Abstract

type="main" xml:id="twec12174-abs-0001"> Globalisation is blamed for many socioeconomic shortcomings. I discuss the consequences of globalisation by surveying the empirical globalisation literature. My focus is on the KOF indices of globalisation that have been used in more than 100 studies. Early studies using the KOF index reported correlations between globalisation and several outcome variables. Studies published more recently identify causal effects. The evidence shows that globalisation has spurred economic growth, promoted gender equality and improved human rights. Moreover, globalisation did not erode welfare state activities, did not have any significant effect on labour market interaction and hardly influenced market deregulation. It increased, however, within-country income inequality. The consequences of globalisation thus turn out to be overall much more favourable than often conjectured in the public discourse.

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  • Niklas Potrafke, 2015. "The Evidence on Globalisation," The World Economy, Wiley Blackwell, vol. 38(3), pages 509-552, March.
  • Handle: RePEc:bla:worlde:v:38:y:2015:i:3:p:509-552
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    Cited by:

    1. Giray Gozgor & Priya Ranjan, 2017. "Globalisation, inequality and redistribution: Theory and evidence," The World Economy, Wiley Blackwell, vol. 40(12), pages 2704-2751, December.
    2. Christoph Schinke, 2014. "Government Ideology, Globalization, and Top Income Shares in OECD Countries," ifo Working Paper Series 181, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
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    4. DUKE Ben, 2014. "‘Small is Beautiful’, Analysing the Democratising Effect of Localism, Greater Regional Autonomy, Decentralisation and Constitutional Reform," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.
    5. Peter Eppinger & Niklas Potrafke, 2016. "Did Globalisation Influence Credit Market Deregulation?," The World Economy, Wiley Blackwell, vol. 39(3), pages 426-443, March.
    6. Berggren, Niclas & Nilsson, Therese, 2015. "Globalization and the transmission of social values: The case of tolerance," Journal of Comparative Economics, Elsevier, vol. 43(2), pages 371-389.
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    10. Buhari Doğan, 2016. "The Effects of Globalization on Employment: Bounds Test Approach in Turkey Sample," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(10), pages 620-633, October.
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    14. Nadja König & Ludger Schuknecht, 2018. "The Role of Government and Trust in the Market Economy," CESifo Working Paper Series 6997, CESifo Group Munich.
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    16. Buhari Dogan & Osman Deger, 2016. "How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of Brazil, Russia, India, China Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 6(4), pages 806-813.
    17. Björn Kauder & Niklas Potrafke, 2015. "Globalization and social justice in OECD countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 151(2), pages 353-376, May.
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    20. Jisu Yoon & Stephan Klasen & Axel Dreher & Tatyana Krivobokova, 2015. "Composite Indices Based on Partial Least Squares," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 171, Courant Research Centre PEG.
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    • F00 - International Economics - - General - - - General
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other

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