Globalization and Income Inequality: Comparative Analysis of 83 Countries

Yiming Li, Yue Xue, Kaichen Song, Silu Wang

2022

Abstract

The effect of globalization on income inequality is an issue of significant academic interest. On the one hand, globalization is considered to promote global economic growth and social progress, while on the other, it is blamed for growing income inequality and environmental degradation, causing social degeneration and difficulty of competition. This paper aims to examine the impact of globalization on the inequality in rich/ middle/ poor economies. This study uses the least square method to establish a multiple linear regression model, adding dummy variables. The results show that globalization indeed has varied impacts on the current level of inequality around the world. The growth in the current globalization level will reduce the inequality degree in rich/middle countries but rise the inequality degree in poor countries. We also find that there exists an uneven impact of globalization on the inequality of rich countries and middle poor countries. For middle/poor countries, this impact is even stronger.

Paper Citation

in Harvard Style

Li Y., Xue Y., Song K. and Wang S. (2022). Globalization and Income Inequality: Comparative Analysis of 83 Countries. In Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM, ISBN 978-989-758-593-7, pages 471-482. DOI: 10.5220/0011186400003440

in Bibtex Style

@conference{bdedm22,
author={Yiming Li and Yue Xue and Kaichen Song and Silu Wang},
title={Globalization and Income Inequality: Comparative Analysis of 83 Countries},
booktitle={Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,},
year={2022},
pages={471-482},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011186400003440},
isbn={978-989-758-593-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,
TI - Globalization and Income Inequality: Comparative Analysis of 83 Countries
SN - 978-989-758-593-7
AU - Li Y.
AU - Xue Y.
AU - Song K.
AU - Wang S.
PY - 2022
SP - 471
EP - 482
DO - 10.5220/0011186400003440