Globalization and Income Inequality: Comparative Analysis of the European Countries
| Autor: | Tsvetomir Tsvetkov, Irina Atanasova |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Economic integration
050208 finance inequality Inequality media_common.quotation_subject 05 social sciences Context (language use) economic growth lcsh:Social Sciences lcsh:H Globalization Economic inequality Capital (economics) 0502 economics and business Development economics Economics 050207 economics Emerging markets Free trade globalization media_common |
| Zdroj: | SHS Web of Conferences, Vol 92, p 08003 (2021) |
| ISSN: | 2261-2424 |
| Popis: | Research background: The globalization of the European countries within the EU and the Eurozone is primarily economic and is expressed by the free trade and the movement of capital and labour, which determines the incomes and the GDP. Globalization and its impact on inequality is becoming an essential and problematic issue, especially in the context of on-going economic integration processes between the countries in Europe, which seek to converge their economic, social and political systems in the Euro area. The process of inequality has become even more relevant in the context of globalization. Purpose of the article: The paper aims to examine the impact of globalization on the inequality in the developed and the emerging economies in Europe. Methods: On the basis of an econometric assessment, a comparative analysis of the effect of globalization on the inequality in the developed European countries and the emerging countries is carried out. Findings & Value added: The paper analyses the essential aspects and the effects of the income inequality dynamics, both horizontally and vertically. It also addresses the question of whether the effect of globalization on the economic growth and the inequality is the same for the developing and the developed countries, respectively. Based on the research, seven important conclusions are reached. |
| Databáze: | OpenAIRE |
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