Question
Asked Apr 20, 2019

How does Trade and Development Report 2012 describe impact of globalization on income distribution?

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Step 1

Globalization is the phenomenon that describes inter-connectivity of countries connecting them in various aspects like trade, business, etc.

Economic Inequality is the disparity in the distribution of income and wealth.

Step 2

The picture below shows the income inequality between countries over 1963-2009 as per Trade and Development Report 2012. It can be identified that inequality in absolute terms initially fell and then picked ...

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