Topic updates
Globalisation and the Elephant Chart
14th September 2016
The FT’s Chris Giles reports on a study by the Resolution Foundation that shows that globalisation does not appear to have hurt the lower middle classes in wealthy countries
Ben Chu from the Independent adds here to the lively debate on the economic and social costs and benefits of globalisation. In particular, he focuses on a new report that casts doubt about the shape of the famous "elephant curve" developed by Branko Milanovic. This is a good article to read to deepen the range of evaluation points you can make on the impact of globalisation. I picked out this pertinent quote: "Yet globalisation also creates localised pockets of losers in developed countries. Think of the classic case of a steel plant being shut down in an American rust belt town and production relocated to China or somewhere else in Asia where labour is cheaper."
You might also like
The Poverty Trap- Panorama
12th October 2014
Inequality and consequences for economic growth
6th October 2014
2014 Human Development Report focuses on Vulnerability
24th July 2014
Capitalism has made the world a more equal place
15th May 2014
Inequality: The Gini Coefficient
15th April 2014
Benefits and Costs of Globalisation
Study Notes
International Trade
Study Notes
Sources of Comparative Advantage
Study Notes