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Globalisation, growth and inequality from an emerging economy perspective

In: Globalisation and deglobalisation

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  • Central Bank of Argentina

Abstract

As a complex phenomenon, globalisation needs to be analysed on several levels. We discuss three related issues from the perspective of Latin American economies: the relationship between globalisation and growth performance; the possible trade-offs between integration and inequality, and the roles played by trade and technology; and how technological change may alter work relationships as we know them. Globalisation is a positive overall force for growth, but its interaction with domestic policies is crucial in determining the actual outcome. Technological innovation can have a positive effect on employment, but there is evidence of adverse distributional consequences. The outcome remains largely open, depending on the policy response.

Suggested Citation

  • Central Bank of Argentina, 2018. "Globalisation, growth and inequality from an emerging economy perspective," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and deglobalisation, volume 100, pages 57-69, Bank for International Settlements.
    • Handle: RePEc:bis:bisbpc:100-03
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