According to a study by the International Monetary Fund published in The Journal of Economic Inequality, the top 10% are the main beneficiaries of globalization.
The previous 50 years of economic globalization have resulted in a significant increase in the income of many people worldwide. These gains in income are not evenly distributed, though. According to a study by International Monetary Fund co-author Marina M. Tavares and Dr. Valentin Lang, junior professor of political economy at the University of Mannheim, the top 10% of the country's income distributions have profited most from this growth.
The study's findings, which were published in The Journal of Economic Inequality, attempted to address the questions of whether and how globalization over the past 50 years has impacted global disparities in wealth.
Collinearity of globalization indicators. Credit: The Journal of Economic Inequality (2023). DOI: 10.1007/s10888-023-09593-7
According to their research, many c...
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