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The social impact of globalisation in the developing countries
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Lee, Eddy and Vivarelli, Marco (2006) The social impact of globalisation in the developing countries. Working Paper. Coventry: University of Warwick. Centre for the Study of Globalisation and Regionalisation. Working papers (University of Warwick. Centre for the Study of Globalisation and Regionalisation) (No.199).
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Official URL: http://www2.warwick.ac.uk/fac/soc/csgr/research/wo...
Abstract
In this paper an ex-post measurable definition of globalisation has been used, namely increasing trade openness and FDI. A general result is that the optimistic Heckscher-Ohlin/Stolper-Samuelson predictions do not apply, that is neither employment creation nor the decrease in within-country inequality are automatically assured by increasing trade and FDI.
The other main findings of the paper are that:
1) The employment effect can be very diverse in different areas of the world, giving raise to concentration and marginalisation phenomena;
2) Increasing trade and FDI do not emerge as the main culprits of increasing within-country income innequality in DCs, although some evidence emerges that import of capital goods may imply an increase in innequality via skill-biased technological change;
3) Increasing trade seems to foster economic growth and absolute poverty alleviation, although some important counter-examples emerge.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | H Social Sciences > HG Finance J Political Science > JZ International relations |
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Divisions: | Faculty of Social Sciences > Centre for the Study of Globalisation and Regionalisation | ||||
Library of Congress Subject Headings (LCSH): | Globalization -- Social aspects, Investments, Foreign, Poverty -- International cooperation, Wage differentials, Developing countries -- Economic conditions | ||||
Series Name: | Working papers (University of Warwick. Centre for the Study of Globalisation and Regionalisation) | ||||
Publisher: | University of Warwick. Centre for the Study of Globalisation and Regionalisation | ||||
Place of Publication: | Coventry | ||||
Official Date: | March 2006 | ||||
Dates: |
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Number: | No.199 | ||||
Number of Pages: | 29 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) |
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