Did Partial Globalization Increase Inequality? Did Inequality Stimulate Globalization Backlash? The Case of the Latin American Periphery, 1950-80
32 Pages Posted: 13 May 2002
Date Written: March 2002
Abstract
Inequality is an important threat to the globalization of the world economy. This contribution uses a new measure of inequality: height inequality. It covers, for the 1950-80 period, not only wage recipients, but also the self-employed, the unemployed, housewives, children, and other groups who may not be participating in a market economy. It turns out that within-country inequality is higher in periods of greater openness.
We also find that inequality leads to a "globalization backlash". The closing of commodity and capital markets has always taken place during inequality peaks or 5-10 years afterwards.
Keywords: Inequality, Globalization, Anthropometrics
JEL Classification: I12, I32, N33
Suggested Citation: Suggested Citation
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