Globalizing Inequality: ‘Centrifugal’ and ‘Centripetal’ Forces at Work
Published By: United Nations Department of Economic and Social A | Published Date: September, 01 , 2006Th is paper reassesses national income inequalities in this era of globalization. Th e main conclusion is that two opposite forces are at work: one ‘centrifugal’ at the two extremes of the distribution increasing the disparity of income shares appropriated by the top and by the bottom four deciles across countries; and the other ‘centripetal’ in the middle increasing the uniformity of the share of income going to deciles 5 to 9. Therefore, globalization is creating a situation where virtually all the intercountry diversity of income distribution is the result of differences in what the rich and the poor get in each country.
Author(s): José Palma | Posted on: Jul 30, 2015 | Views() | Download (444)