An internal document seen by the BBC says globalisation “may have led to rising wage inequality” as the head of the World Bank says more needs to be done to help those who have lost their jobs.
World Bank here, highlighting the benefits of trade to the masses. Good for examples to use in your essays relating to trade and globalisation.
They say that when elephants fight the grass gets trampled. And when economists fight over elephants the complex reality can come off worse too. A few years ago the World Bank economist Branko Milanovic produced a profoundly influential chart showing the change across the global income distribution (running from the poorest people on the planet to the very richest) over the past 30 or so years. The pattern was striking.
Globalisation can make everyone better off. That does not mean it will
Thanks To Rob P.
An insightful discussion regarding the merits of globalisation and trade, including some very useful evaluative points concerning stakeholders and regional disparities in benefits and costs. Well worth a read for the current A2 group.