Title

Globalization-Inequality nexus in developing countries: Evidence from SAARC countries

Abstract/Description

Globalization emerged as a socio-economic phenomenon in late eighteenth century and it affected the income distribution between the countries and within the countries. The literature on globalization and income distribution postulates that international economic freedom might lead to income convergence at global level, however, the proposition of ‘global integration causing income equality’ is being debated now. This paper examines the impact of globalization on income inequality in SAARC countries using a panel data set of eight countries for the years 2000-2019. It uses KOF index for globalization and SWIID index for income inequality. The estimated model also includes few control variables, it suggests that there is positive and significant link between globalization and income inequality. SAARC countries need to revise their economic policies in order to resolve the issue of rising income inequality.

Location

Lecture Room 1, 12th Floor, Aman Tower

Session Theme

Firms, Trade and Globalization - Session IA

Session Type

Parallel Technical Session

Session Chair

Dr. Asad Sayeed, Economist and Researcher, Collective for Social Science Research

Session Discussant

Dr. Saqib Sharif, Associate Professor, Institute of Business Administration, Karachi

Start Date

2-4-2021 2:30 PM

End Date

2-4-2021 4:00 PM

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Apr 2nd, 2:30 PM Apr 2nd, 4:00 PM

Globalization-Inequality nexus in developing countries: Evidence from SAARC countries

Lecture Room 1, 12th Floor, Aman Tower

Globalization emerged as a socio-economic phenomenon in late eighteenth century and it affected the income distribution between the countries and within the countries. The literature on globalization and income distribution postulates that international economic freedom might lead to income convergence at global level, however, the proposition of ‘global integration causing income equality’ is being debated now. This paper examines the impact of globalization on income inequality in SAARC countries using a panel data set of eight countries for the years 2000-2019. It uses KOF index for globalization and SWIID index for income inequality. The estimated model also includes few control variables, it suggests that there is positive and significant link between globalization and income inequality. SAARC countries need to revise their economic policies in order to resolve the issue of rising income inequality.