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Kyle Montanio (fantasticaleconomics@geekdom.social)'s status on Tuesday, 14-May-2024 04:34:46 JST Kyle Montanio

Ready for news that will shock nobody? It turns out globalization mostly helps out the richest 10% and has little to no impact on the poorest.
"The influence of globalization on income inequalities worldwide was greater than we had expected. We were particularly surprised that these differences were mainly due to the gains of the richest and that the lower income groups benefited little or not at all."
https://phys.org/news/2024-05-main-beneficiaries-globalization.html
#economics #inequality #globalization
In conversation about 6 months ago from geekdom.social permalink
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1. The top 10% are the main beneficiaries of globalization, says study
  
  The income of many people around the world has considerably increased due to the economic globalization of the last 50 years. However, these income gains are unevenly distributed. A study by Dr. Valentin Lang, junior professor of political economy at the University of Mannheim, and his co-author Marina M. Tavares of the International Monetary Fund shows that the top 10% of the national income distributions, in particular, have benefited from this development.

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