Abstract
We examine globalization’s effects on those left behind in both industrial and emerging markets. While access to global markets has lifted billions out of poverty in emerging markets, the benefits have not been equally shared. Increased competition through globalization as well as skill-biased technical change have hurt less educated workers in rich and poor countries. While much of the rising inequality is often attributed to globalization alone, a brief review of the literature suggests that labor-saving technology has likely played an even more important role. The backlash has focused on the negative consequences of globalization in developed countries, and now threatens the global trading system and access to that system for emerging markets. We conclude by proposing some solutions to compensate losers from the twin forces of technical change and globalization.
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Articles in the same Issue
- Policy Analysis
- Leaving No one Behind: Some Conceptual and Empirical Issues
- “Leaving No One Behind” as a Site of Contestation and Reinterpretation
- Symposium
- Priority to the Furthest Behind
- Policy Analysis
- Eradicating Poverty by the Year 2030: Implications for Income Inequality, Population Policies, Food Prices (and Faster Growth?)
- Push No One Behind
- Migration, Diasporas, Remittances and the Sustainable Development Goals in Least Developed Countries
- Development Cooperation to Ensure that none be Left Behind
- Two Major Gaps in Global Governance: International Tax Cooperation and Sovereign Debt Crisis Resolution
- Symposium
- International Trade or Technology? Who is Left Behind and What to do about it
Articles in the same Issue
- Policy Analysis
- Leaving No one Behind: Some Conceptual and Empirical Issues
- “Leaving No One Behind” as a Site of Contestation and Reinterpretation
- Symposium
- Priority to the Furthest Behind
- Policy Analysis
- Eradicating Poverty by the Year 2030: Implications for Income Inequality, Population Policies, Food Prices (and Faster Growth?)
- Push No One Behind
- Migration, Diasporas, Remittances and the Sustainable Development Goals in Least Developed Countries
- Development Cooperation to Ensure that none be Left Behind
- Two Major Gaps in Global Governance: International Tax Cooperation and Sovereign Debt Crisis Resolution
- Symposium
- International Trade or Technology? Who is Left Behind and What to do about it