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Globalization, Poverty and Inequality: What Is the Relationship? What Can Be Done?

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  • Basu, Kaushik

Abstract

The paper studies the relation between globalization, inequality and marginalization, within and across nations. It reviews the existing evidence on globalization and global inequality and argues, using a simple theoretical model, that the two are inter-connected. It discusses policy alternative policies to counter extreme poverty and inequality. The paper takes the view that curbing these, even within one country, requires global, cross-country policies that we do not currently have, and advocates the setting up of an international initiative to coordinate such policies. [Research Paper No. 2005/32]
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Suggested Citation

  • Basu, Kaushik, 2005. "Globalization, Poverty and Inequality: What Is the Relationship? What Can Be Done?," WIDER Working Paper Series 032, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:rp2005-32
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    References listed on IDEAS

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    1. Dagdeviren, Hulya & van der Hoeven, Rolph & Weeks, John, 2002. "Redistribution Does Matter Growth and Redistribution for Poverty Reduction," WIDER Working Paper Series 005, World Institute for Development Economic Research (UNU-WIDER).
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    13. Sanjay G. Reddy & Camelia Minoiu, 2005. "Has world poverty really fallen during the 1990s?," Development and Comp Systems 0509005, EconWPA.
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    Cited by:

    1. Jinhwan Oh, 2008. "Concentration, congestion, and the dynamics: spatial re-modeling of the Murphy, Shleifer, and Vishny model," Letters in Spatial and Resource Sciences, Springer, vol. 1(2), pages 77-97, December.
    2. Borooah, Vani & Diwakar, Dilip & Naik, Ajaya & Sabharwal, Nidhi, 2013. "Caste, Inequality, and Poverty in India: A Re-Assessment," MPRA Paper 75669, University Library of Munich, Germany.
    3. Vincent Carpentier & Elaine Unterhalter, 2011. "Globalization, Higher Education and Inequalities: Problems and Prospects," Chapters,in: Handbook on Globalization and Higher Education, chapter 9 Edward Elgar Publishing.
    4. S. Subramanian & D. Jayaraj, 2014. "Money-metric poverty, welfare, growth, and inequality in India: 1983 – 2011/12," Global Development Institute Working Paper Series 21114, GDI, The University of Manchester.
    5. Béné, Christophe & Lawton, Rebecca & Allison, Edward H., 2010. ""Trade Matters in the Fight Against Poverty": Narratives, Perceptions, and (Lack of) Evidence in the Case of Fish Trade in Africa," World Development, Elsevier, vol. 38(7), pages 933-954, July.
    6. Yamin, Mo & Sinkovics, Rudolf R., 2009. "Infrastructure or foreign direct investment?: An examination of the implications of MNE strategy for economic development," Journal of World Business, Elsevier, vol. 44(2), pages 144-157, April.
    7. repec:eee:ejores:v:268:y:2018:i:3:p:1021-1039 is not listed on IDEAS
    8. Broll, Udo & Kemnitz, Alexander & Mukherjee, Vivekananda, 2009. "Globalization and a welfare program for the marginalized," Dresden Discussion Paper Series in Economics 05/09, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    9. S. Subramanian & D. Jayaraj, 2013. "Economic Inequality in India," Challenge, Taylor & Francis Journals, vol. 56(4), pages 26-37.
    10. repec:spr:jqecon:v:15:y:2017:i:2:d:10.1007_s40953-016-0053-4 is not listed on IDEAS
    11. Pete Tashman & Valentina Marano, 2009. "Dynamic Capabilities and Base of the Pyramid Business Strategies," Journal of Business Ethics, Springer, vol. 89(4), pages 495-514, March.
    12. Nasfi Fkili Wahiba, 2013. "Trade Openness and Inequality," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 3(6), pages 1-5, December.
    13. Amita Majumder & Ranjan Ray & Sattwik Santra, 2016. "Global and Country Poverty Rates, Welfare Rankings of the Regions and Purchasing Power Parities: How Robust Are the Results?," Monash Economics Working Papers 11-16, Monash University, Department of Economics.
    14. Sajid Anwar, 2010. "Wage Inequality, Increased Competition, and Trade Liberalization: Short Run vs Long Run," Review of International Economics, Wiley Blackwell, vol. 18(3), pages 574-581, August.
    15. Kanbur, Ravi, 2014. "Globalization and Inequality," Working Papers 180163, Cornell University, Department of Applied Economics and Management.
    16. Asche, Frank & Bellemare, Marc F. & Roheim, Cathy & Smith, Martin D. & Tveteras, Sigbjørn, 2015. "Fair Enough? Food Security and the International Trade of Seafood," World Development, Elsevier, vol. 67(C), pages 151-160.
    17. Basu, Kaushik, 2006. "Participatory Equity, Identity, and Productivity: Policy Implications for Promoting Development," Working Papers 06-06, Cornell University, Center for Analytic Economics.
    18. Goto, Hideaki, 2008. "Labor Market Competitiveness and Poverty," Working Papers 51159, Cornell University, Department of Applied Economics and Management.
    19. Jayaraj, D. & Subramanian, Sreenivasan, 2012. "On the 'Inclusiveness' of India's Consumption Expenditure Growth," WIDER Working Paper Series 057, World Institute for Development Economic Research (UNU-WIDER).
    20. Moana S. Simas & Laura Golsteijn & Mark A. J. Huijbregts & Richard Wood & Edgar G. Hertwich, 2014. "The “Bad Labor” Footprint: Quantifying the Social Impacts of Globalization," Sustainability, MDPI, Open Access Journal, vol. 6(11), pages 1-27, October.
    21. Vani K. Borooah, 2017. "Measuring Inequality of Access to Higher Education in India," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 15(2), pages 241-263, June.

    More about this item

    Keywords

    globalization; inequality; international organization; poverty;

    JEL classification:

    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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