Globalization, inequality and economic policy

Authors

  • Udo Broll
  • Alexander Kemnitz
  • Vivekananda Mukherjee

DOI:

https://doi.org/10.18559/ebr.2019.1.1

Keywords:

globalization, inequality, marginalization, economic policy, public policy

Abstract

In our paper a very simple model is used to analyze the relationship between trade globalization, inequality and economic policy. Although the local government exclusively maximizes the welfare of the marginalized (unemployed) people, the inequality of relative consumption between employed and unemployed will increase with intensified trade liberalization. In contrast to this result the relative income inequality may fall in certain situations.

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Published

2019-03-30

How to Cite

Broll, U., Kemnitz, A., & Vivekananda Mukherjee. (2019). Globalization, inequality and economic policy. Economics and Business Review, 5(1), 3–11. https://doi.org/10.18559/ebr.2019.1.1

Issue

Vol. 5 No. 1 (2019)

Section

Research article- regular issue

License

Copyright (c) 2019 Poznań University of Economics and Business

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.