Globalization & Inequality: Historical Trends http://www.tcd.ie/Economics/TEP/20

Question

Globalization & Inequality: Historical Trends

http://www.tcd.ie/Economics/TEP/2001_papers/TEPNo9KO21.pdf

1. According to O’rurke, what are the channels through which globalization can affect within-country inequality?

2. What conclusion does he reaches about trade in inequality in the early 19th century and what data is used to support his conclusion.

3. How are the trends in price convergence during the early 20th century are used in the paper?

4. What are some of the differences in capital flows across countries during the first and second wave of globalization?

5. How does immigration affect between-country inequality?

Explanation / Answer

1.

2.

Integration occurred in the 19th century, followed by disintegration in the later periods.

Data on population, real GDP per capita, and vintile shares for 33 groups of countries between 1820 and 1992 were used.

There was an increase in inequality inter country and intra country in the 19th century.

3.

The ratio of unskilled wage to GDP per worker hour was used as a measure of inequality.

4.

Inequality fell.

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