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Is inequality disappearing?. Globalization and inequality. Three views Globalization has reduced inequality Globalization has caused inequality Globalization not to blame for inequality, domestic policies are to blame. The flattening hypothesis. The ten flatteners and steroids
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Globalization and inequality • Three views • Globalization has reduced inequality • Globalization has caused inequality • Globalization not to blame for inequality, domestic policies are to blame
The flattening hypothesis • The ten flatteners and steroids http://itom.fau.edu/sgalup/ISM6026-2010/ISM6026_Articles/Article_Ten%20flatteners.pdf • Eroded the middle class in North America and created an affluent class in some countries such as India and China • What has it flattened?
Three dimensions of inequality • Between nations – economic • Between nations – social • Within nations
Not globalization • The main argument is that globalization impacted states in accordance with what existed before • So, China was able to reduce poverty faster than any other nation because it already had low levels of inequality in land ownership and education