Chapter

Globalization, Liberalization, and Inequality: Expectations and Experience

Frances Stewart and Albert Berry

in Inequality, Globalization, and World Politics

Published in print April 1999 | ISBN: 9780198295662
Published online November 2003 | e-ISBN: 9780191599521 | DOI: http://dx.doi.org/10.1093/0198295669.003.0007
 Globalization, Liberalization, and Inequality: Expectations and Experience

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Explores the effects of moves from dirigiste to laissez‐faire policies (liberalization) on income distribution within countries, and also to consider briefly its impact on inter‐country inequality. The emphasis is on inequality within countries because this is where world inequalities have been most exacerbated over the past two decades. In itself, this represents an important change in inequality in world politics. The gap between rich and poor has long been the major source of inequality among people in the world. Yet this gap has, if anything, closed slightly over the past couple of decades. In particular, the chapter demonstrates that over the 1980s inequalities within countries generally tended to worsen—more so than in any previous post‐WW2 decade—and argues that if intra‐country distribution had remained the same over the 1980s, inter‐country inequalities would have been reduced.

Keywords: income distribution; inequality; liberalization

Chapter.  12090 words. 

Subjects: International Relations

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