Globalization and inequality

Abstract

This review essay discusses works of a leading sociologist and a leading economist on the subject of inequality and globalization. The books raise fresh ideas of inequality in the context of globalization by raising questions on the relationship between globalization and inequality throughout history. Although Therborn raises some fundamental questions about inequality, problematizes the concept, and broadens the discussion by adding multiple dimensions to it, Bourguignon’s study deepens our understanding of the problem of inequality by presenting the paradox of its linkage with globalization, which in the last century reduced international inequality while it widened intranational inequality, and the two processes are interrelated. Bourguignon suggests that the growing intranational inequality that threatens economic, political, and social stability can be overcome by concerted efforts of the states. Therborn pins his hope in the rising middle class across the world and their solidarity, which could create a more egalitarian society.

The Best Diagnosis Is the Autopsy, But It Comes Too Late

“…This blunt statement illustrates how the scientific community is not providing real solutions for combating poverty and social exclusion. Acknowledging that poverty is a multidimensional phenomenon that goes beyond a family's income level (Khondker, 2017;Sen, 1999), scientific research has incorporated new methodologies, such as qualitative and mixed methods, to analyze and understand in depth the effects, causes, and implications of poverty from many disciplines and theoretical approaches (Strier et al, 2014;Walker et al, 2013;Weinhold et al, 2013).…”

The impact of the 2008 financial crisis on household income and wealth in Visegrad countries

“…Globalization has reduced international income inequality but has widened intranational inequality (Khondker 2017). Income inequality has increased in many de-veloped countries due to the income increase in the top of the distribution (Roine-Waldenström 2011).…”

The Realization of Maqoshid Shari’ah as Local Values in Industrial Relations Disputes Resolution Efforts

“…In the globalization era, everyone can take a role based on their competencies. It can cause the positive and negative impacts, [4] as well as inequality in society. [5] and also in the industrial community.…”