The social impact of globalisation in the developing countries
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...
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)|
|Subjects:||H Social Sciences > HG Finance
J Political Science > JZ International relations
|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|
|Number of Pages:||29|
|Institution:||University of Warwick|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
- Abramovitz, M. (1986), “Catching-up, Forging Ahead and Falling Behind”, Journal of Economic History, vol.46, pp.385-406.
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