Are the “Poor” Getting Globalised?

image of Are the “Poor” Getting Globalised?

Globalization is under fire. Public perceptions and recent policy debates increasingly appear to indicate that trade liberalization has been accompanied by rising income inequality in developed and developing economies. The fact that trade liberalization creates both winners and losers has never been in question. While international trade enhances economic growth in the aggregate, the distribution of its benefits may vary by income group, location, gender, and the formal-informal divide.

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