15.09.2024Does trade cause income disparity? - Stefanie Walter

As cross-border free trade in goods and services is a vital tool of globalisation, the opponents of globalisation usually blame free trade for income inequality or socio-economic disparity in the world. To what extent globalisation, expansion of international trade to be more precise, is responsible for the persistent income disparity across the countries is, however, a matter of close scrutiny.

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