THE IMPACT OF GLOBALIZATION ON INCOME DISTRIBUTION IN EMERGING ECONOMIES
Received: 27th February 2024 Revised: 29th February 2024 & 13th March 2024 Accepted: 28th February 2024
Keywords:
Globalization, Income Inequalities, Emerging Economies, Gini Index, Case StudyAbstract
The purpose of this research paper is to study the impacts of globalization on income inequality, especially in different emerging economies across the globe. The study has focused on four emerging countries including Argentina, Brazil, Indonesia, and Thailand. The paper has also relied on authentic databases like the World Bank and Statista for the purpose of data collection and analysis of globalization and its impacts on income distribution in the selected emerging economies. On the other hand, trusted and reputed journals, articles and other secondary sources have also been considered for understanding the relationship between globalization and income inequality dynamics in the selected emerging economies. The study findings have highlighted the presence of adverse impacts of globalization on income distribution in all the emerging economies that have been selected for analysis. The poorer sections of the population and especially those working in the subsistence skills industries. or having redundant skills and lack of access to education have been suffering from loss or reduction in their income. Based on the study findings, recommendations for proper and more effective policy directions have been developed in this research paper.
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