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Is Globalization Coming to an End Due to the Rise in Income Inequality?

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  • Vladimir Popov

    (Institute of European, Russian and Eurasian Studies, Carleton University, Ottawa, ON K1S 5B6, Canada
    Central Economics and Mathematics Institute, Russian Academy of Sciences, Moscow 117418, Russia
    New Economic School, Moscow 121353, Russia)

Abstract

The reversal of the trend towards the decline in income inequality in the last four decades in most countries has created favorable grounds for the rise of nationalist and anti-globalization sentiments. Economic failures of countries, groups of people and individuals are among important factors that cause nationalism. The rise of nationalism in many countries in recent decades, as measured by the decline in the “pride in your own country” indicator from the World Values Survey, is statistically significantly related to the change in income inequality (Gini coefficient) within the country. When globalization is properly managed, it is good for growth and income distribution and does not lead to nationalism. But if it is accompanied by the decline in real incomes for large masses of people, nationalist political forces have additional arguments for instigating anti-globalization and isolationist sentiments. The rise in income inequality within major countries since the 1980s poses a threat not only to social stability, but also to globalization.

Suggested Citation

  • Vladimir Popov, 2025. "Is Globalization Coming to an End Due to the Rise in Income Inequality?," JRFM, MDPI, vol. 18(3), pages 1-20, March.
    • Handle: RePEc:gam:jjrfmx:v:18:y:2025:i:3:p:138-:d:1606907
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    References listed on IDEAS

    as
    1. Vladimir Popov, 2000. "Shock Therapy Versus Gradualism: The End Of The Debate (Explaining The Magnitude Of Transformational Recession)," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 42(1), pages 1-57, April.
    2. Peter H. Lindert & Jeffrey G. Williamson, 2016. "Unequal Gains: American Growth and Inequality since 1700," Economics Books, Princeton University Press, edition 1, number 10670.
    3. Polterovich, Victor & Popov, Vladimir, 2005. "Appropriate Economic Policies at Different Stages of Development," MPRA Paper 20066, University Library of Munich, Germany.
    4. Popov, Vladimir, 2014. "Socialism is dead, long live socialism!," MPRA Paper 54294, University Library of Munich, Germany.
    5. Anne Case & Angua Deaton, 2015. "Rising morbidity and mortality in midlife among white non-Hispanic Americans in the 21st century," Working Papers 15078.full.pdf, Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies..
    6. Vladimir Popov & K S Jomo, 2018. "Are developing countries catching up? [Aid, growth, and development: have we come full circle]," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(1), pages 33-46.
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