Globalizing Inequality : ‘ Centrifugal ’ and ‘ Centripetal ’ Forces at Work

  title={Globalizing Inequality : ‘ Centrifugal ’ and ‘ Centripetal ’ Forces at Work},
  author={Jos{\'e} Palma},
Th is paper reassesses national income inequalities in this era of globalization. Th e main conclusion is that two opposite forces are at work: one ‘centrifugal’ at the two extremes of the distribution—increasing the disparity of income shares appropriated by the top and by the bottom four deciles across countries; and the other ‘centripetal’ in the middle—increasing the uniformity of the share of income going to deciles 5 to 9. Th erefore, globalization is creating a situation where virtually… CONTINUE READING
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