<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

Globalization, inequality and economic policy

Department of Business and Economics, School of International Studies (ZIS)

Economics and Business Review

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Globalization, inequality and economic policy"}

In our paper a very simple model is used to analyze the relationship between trade globalization, inequality and economic policy. Although the local government...

Globalization, inequality and economic policy

Publicado en línea: 07 abr 2019

Páginas: 3 - 11

Recibido: 23 nov 2018

Aceptado: 15 ene 2019

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

Palabras clave
globalization, inequality, marginalization, economic policy, public policy

© 2019 Udo Broll et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Globalization, inequality and economic policy

Publicado en línea: 07 abr 2019

Páginas: 3 - 11

Recibido: 23 nov 2018

Aceptado: 15 ene 2019

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

Palabras claveglobalization, inequality, marginalization, economic policy, public policy

© 2019 Udo Broll et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Palabras clave
globalization, inequality, marginalization, economic policy, public policy