Globalization and Income Inequality
Paper , Order, or Assignment Requirements
One of the central debates in the study of market globalization revolves around the issue of global income inequality. Is global income inequality increasing or is it decreasing and what is the role of market globalization in driving trends in global income inequality?
Your task in this essay is to critically examine competing views of the link between
market globalization and inequality. Martin Wolf claims that market globalization has
reduced the level of global income inequality. Branko Milanovic, on the other hand,
argues that the evidence is inconsistent with Wolfs view. First, lay out the key reasons
why Wolf and Milanovic disagree about the relationship between market globalization
and global inequality. The rest of the essay should be oriented around your answer to the
following questions: which position in the debate about market globalizations link to
global inequality is more convincing, and why?