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Globalisation: Why Average Isn't Good Enough

Geoff Riley

13th June 2017

A short but very astute and relevant video here on the distributional effects of trade liberalisation / globalisation. Sergey Nigai (winner of the Austin Robinson Prize) finds that using data across more than 90 countries and ten population groups, the welfare gains are over-estimated for poorer families and under-estimated for richer households, reinforcing claims that globalisation is often a factor behind an increase in relative poverty which itself has catalysed a backlash against globalisation. Globalisation and the distributional impact cannot be ignored when considering the welfare gains from trade.

Globalisation: Why Average Isn't Good Enough

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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