The Evidence on Globalisation

Niklas Potrafke

doi:10.1111/twec.12174

journal article May 10, 2014

The Evidence on Globalisation

Niklas Potrafke

The World Economy Vol. 38 No. 3 pp. 509-552 · Wiley

View at Publisher Save 10.1111/twec.12174

Abstract

AbstractGlobalisation is blamed for many socioeconomic shortcomings. I discuss the consequences of globalisation by surveying the empirical globalisation literature. My focus is on the KOF indices of globalisation that have been used in more than 100 studies. Early studies using the KOF index reported correlations between globalisation and several outcome variables. Studies published more recently identify causal effects. The evidence shows that globalisation has spurred economic growth, promoted gender equality and improved human rights. Moreover, globalisation did not erode welfare state activities, did not have any significant effect on labour market interaction and hardly influenced market deregulation. It increased, however, within‐country income inequality. The consequences of globalisation thus turn out to be overall much more favourable than often conjectured in the public discourse.

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Details

Published: May 10, 2014
Vol/Issue: 38(3)
Pages: 509-552
License: View

Authors

N

Niklas Potrafke

Center for Economic Studies University of Munich Munich Germany; Ifo Center for Public Finance and Political Economy Munich Germany

Cite This Article

Niklas Potrafke (2014). The Evidence on Globalisation. The World Economy, 38(3), 509-552. https://doi.org/10.1111/twec.12174

The Evidence on Globalisation

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