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Distributional Consequences of Globalization: Is Organization of the Islamic Conference Countries Different?

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  • Muhammad Tariq Majeed

Abstract

This article investigates distributional effects of globalization using new comparable panel data for Organization of the Islamic Conference (OIC) and non-OIC developing countries from 1965 to 2010. The results show that the Kuznets Curve does not exist in OIC countries, while it holds in non-OIC countries. International trade tends to widen income inequality in OIC countries while it helps to ameliorate inequalities in non-OIC countries. Financial development decreases inequality only in OIC countries. The study concludes that OIC countries are different from non-OIC countries in their exposure to globalization.

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  • Muhammad Tariq Majeed, 2015. "Distributional Consequences of Globalization: Is Organization of the Islamic Conference Countries Different?," The International Trade Journal, Taylor & Francis Journals, vol. 29(3), pages 171-190, August.
    • Handle: RePEc:taf:uitjxx:v:29:y:2015:i:3:p:171-190
    DOI: 10.1080/08853908.2015.1024899
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    1. Muhammad Tariq Majeed & Ronald MacDonald, 2010. "Distributional and Poverty Consequences of Globalization: A Dynamic Comparative Analysis for Developing Countries," Working Papers 2010_22, Business School - Economics, University of Glasgow.
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    Cited by:

    1. Muhammad Tariq Majeed, 2018. "Quality of Life and Globalization: Evidence from Islamic Countries," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 13(3), pages 709-725, September.
    2. Hajer Kratou & Mohamed Goaied, 2016. "How Can Globalization Affect Income Distribution? Evidence from Developing Countries," The International Trade Journal, Taylor & Francis Journals, vol. 30(2), pages 132-158, March.

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