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Volume 5 (19) Number 1 pp. 3-11

1Udo Broll, 1Alexander Kemnitz, 2Vivekananda Mukherjee

1Department of Business and Economics, School of International Studies (ZIS), Technische Universität Dresden, Germany
2
Department of Economics, Jadavpur University, Kolkata, India

Globalization, inequality and economic policy

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.

pub/2019_1_3.pdf Full text available in Adobe Acrobat format:
http://www.ebr.edu.pl/volume19/issue1/2019_1_3.pdf
Keywords: globalization, inequality, marginalization, economic policy, public policy

DOI: 10.18559/ebr.2019.1.1

For citation:

MLA Broll, Udo, et al. "Globalization, inequality and economic policy." Economics and Business Review EBR 19.1 (2019): 3-11. DOI: 10.18559/ebr.2019.1.1
APA Broll, U., Kemnitz, A., & Mukherjee, V. (2019). Globalization, inequality and economic policy. Economics and Business Review EBR 19(1), 3-11 DOI: 10.18559/ebr.2019.1.1
ISO 690 BROLL, Udo, KEMNITZ, Alexander, MUKHERJEE, Vivekananda. Globalization, inequality and economic policy. Economics and Business Review EBR, 2019, 19.1: 3-11. DOI: 10.18559/ebr.2019.1.1