Globalization, domestic factors, and income inequality: evidence from Singapore and Angola
Contemporary literature today has had varying views on globalization's role in propagating and reducing income inequality. Based on the Stolper-Samuelson Theorem, globalization lowers income inequality in developing countries while increasing income inequality in developed countries. Othe...
Saved in:
Main Author: | |
---|---|
Other Authors: | |
Format: | Final Year Project |
Language: | English |
Published: |
Nanyang Technological University
2022
|
Subjects: | |
Online Access: | https://hdl.handle.net/10356/159152 |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Institution: | Nanyang Technological University |
Language: | English |
id |
sg-ntu-dr.10356-159152 |
---|---|
record_format |
dspace |
spelling |
sg-ntu-dr.10356-1591522023-03-05T15:44:51Z Globalization, domestic factors, and income inequality: evidence from Singapore and Angola Wong, Benjamin Liang Min Nilay Saiya School of Social Sciences nilay.saiya@ntu.edu.sg Social sciences::Economic theory Social sciences::Political science Contemporary literature today has had varying views on globalization's role in propagating and reducing income inequality. Based on the Stolper-Samuelson Theorem, globalization lowers income inequality in developing countries while increasing income inequality in developed countries. Other scholars argue that globalization serves as a catalyst for income inequality's propagation or that there are other domestic factors at play. This paper seeks to investigate the role of globalization on income inequality and whether it is the key determinant of the income distribution. Using panel data from 2014 to 2018 across 88 countries, the study employed a hierarchical fixed effect regression to explore the relationship between domestic factors and the Gini Index. It finds that globalization has a significant and negative impact on income inequality in the initial models. However, as other domestic factors were added, population growth rate, unemployment, and level of education were found to be the key factors affecting income inequality. These factors were then analyzed in the context of Singapore and Angola. The results showed that although there were some significant flaws in both countries, their problems were vastly different due to globalization-related factors. Bachelor of Social Sciences in Public Policy and Global Affairs 2022-06-11T14:04:58Z 2022-06-11T14:04:58Z 2022 Final Year Project (FYP) Wong, B. L. M. (2022). Globalization, domestic factors, and income inequality: evidence from Singapore and Angola. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/159152 https://hdl.handle.net/10356/159152 en HA21_03 application/pdf Nanyang Technological University |
institution |
Nanyang Technological University |
building |
NTU Library |
continent |
Asia |
country |
Singapore Singapore |
content_provider |
NTU Library |
collection |
DR-NTU |
language |
English |
topic |
Social sciences::Economic theory Social sciences::Political science |
spellingShingle |
Social sciences::Economic theory Social sciences::Political science Wong, Benjamin Liang Min Globalization, domestic factors, and income inequality: evidence from Singapore and Angola |
description |
Contemporary literature today has had varying views on globalization's role in propagating
and reducing income inequality. Based on the Stolper-Samuelson Theorem, globalization
lowers income inequality in developing countries while increasing income inequality in
developed countries. Other scholars argue that globalization serves as a catalyst for income
inequality's propagation or that there are other domestic factors at play. This paper seeks
to investigate the role of globalization on income inequality and whether it is the key
determinant of the income distribution. Using panel data from 2014 to 2018 across 88
countries, the study employed a hierarchical fixed effect regression to explore the
relationship between domestic factors and the Gini Index. It finds that globalization has a
significant and negative impact on income inequality in the initial models. However, as
other domestic factors were added, population growth rate, unemployment, and level of
education were found to be the key factors affecting income inequality. These factors were
then analyzed in the context of Singapore and Angola. The results showed that although
there were some significant flaws in both countries, their problems were vastly different
due to globalization-related factors. |
author2 |
Nilay Saiya |
author_facet |
Nilay Saiya Wong, Benjamin Liang Min |
format |
Final Year Project |
author |
Wong, Benjamin Liang Min |
author_sort |
Wong, Benjamin Liang Min |
title |
Globalization, domestic factors, and income inequality: evidence from Singapore and Angola |
title_short |
Globalization, domestic factors, and income inequality: evidence from Singapore and Angola |
title_full |
Globalization, domestic factors, and income inequality: evidence from Singapore and Angola |
title_fullStr |
Globalization, domestic factors, and income inequality: evidence from Singapore and Angola |
title_full_unstemmed |
Globalization, domestic factors, and income inequality: evidence from Singapore and Angola |
title_sort |
globalization, domestic factors, and income inequality: evidence from singapore and angola |
publisher |
Nanyang Technological University |
publishDate |
2022 |
url |
https://hdl.handle.net/10356/159152 |
_version_ |
1759855958934159360 |